Number of dead and wounded civilians in Ukraine from 24.02.2022 till 31.03.2024 un data
Source: Open4Business.com.ua and experts.news
At a meeting on May 3, shareholders of Rarity Insurance Company (Kyiv) decided to increase its authorized capital to UAH 53.7 million by conducting an additional issue of shares worth UAH 23.7 million.
As the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the issue will be carried out by increasing the nominal value of shares from UAH 10 to UAH 17.9 by allocating to the authorized capital part of the profit earned by the company in 2018-2023.
“IC Raritet” PrJSC has been carrying out insurance activities since 1999. The company’s shareholders are four individuals – residents of Ukraine. The insurer operates on the basis of 17 licenses (5 compulsory and 12 voluntary types of insurance).
In 2023, Vega, a telecom provider of PJSC VF Ukraine (Vodafone Ukraine), increased its revenue by 15% compared to 2022 to UAH 491.2 million, the company’s press service said on Tuesday.
“In 2023, the national telecom operator Vega’s revenue amounted to UAH 491.2 million, up 15% compared to 2022. The main sources of the company’s revenue are broadband high-speed Internet access services, IP telephony for business segment customers and revenue from sales of telecom services to other operators/providers,” the press service said.
It is noted that revenue from services provided to B2B and B2C customers using modern fiber-optic technologies amounted to UAH 261 million in 2023.
With the support of Vodafone Ukraine, the provider increased its capital investments by 173% compared to 2022 to UAH 281 million, investing mainly in the modernization and development of networks and energy efficiency, the statement said.
“Capital investments increased by 173% compared to 2022 and amounted to UAH 281 million. This mainly includes the construction of new GPON (Gigabit Passive Optical Network) Internet zones, modernization of networks from FTTx to PON technology, purchase of batteries and generators to provide technical sites with alternative power sources in case of power outages,” said Vega CEO Serhii Skrypnikov.
According to him, in 2024, Vega will continue to expand its GPON coverage and will also work on the full completion of the project to modernize the network from outdated FTTx to GPON technologies.
As part of the integration of the national broadband Internet access operator Frinet into Vodafone Ukraine, the company continues to modernize its network to improve the energy efficiency of the company’s network, Vega’s press service said.
“In 2024, the company plans to make record investments to provide backup power to sites and ZIP equipment to restore the network,” the statement said.
Earlier, PJSC VF Ukraine reported that in 2023 the company increased investments in the development of new fiber-optic lines based on Vega, and also acquired a 90.6% stake in Frinet LLC in August last year. Last year, the company actively expanded its coverage in the cities where it operates and started building GPON networks in Mykolaiv and Ivano-Frankivsk. In 2023, the company built a network in 3.125 thousand apartment buildings with access to modern high-speed Internet for 411.426 thousand households. In total, Vodafone Gigabit Net (the service is provided via a fiber-optic network designed using GPON technology) is available in more than 6 thousand homes in Ukraine. The number of energy-efficient Internet users using GPON technology has tripled.
Lviv Locomotive Repair Plant (LRP), a part of Ukrzaliznytsia, plans to repair 21 locomotives in 2024, compared to 12 in 2023, according to the company’s financial report for the previous year.
According to LLRZ, it is also planned to increase the repair of traction engines and their anchors by 14% or 34 units to 274 units.
At the same time, the production plan for the repair of wheelsets is 445 units, compared to 549 units repaired last year, and auxiliary electric machines – 99 units (103 in 2023).
According to LLRZ, in 2023, the share of locomotive repairs in total production was 54%, wheelsets – 22%, traction motors – 15%, and electric motor armatures – 3%.
In 2023, the plant earned UAH 15.47 million in net profit against a loss of UAH 17.22 million a year earlier, with net income growing by 28.2% to UAH 595.5 million.
The company sold 13 repaired locomotives (58% of sales), 501 wheelsets (21%), 158 traction engines (13%) and 48 anchors (2%).
Founded in 1861, LLRZ is now a major Ukrainian enterprise for the repair of electric locomotives, traction engines, and wheelsets.
Ukrainian startups developing climate-friendly technologies can take part in ClimateLaunchpad , the world’s largest international green idea competition looking for business solutions to combat climate change. The deadline for applications is May 26.
The competition is open to newcomers to the cleantech industry with a promising business idea, as well as green startups, small or medium-sized businesses working in the following areas
● Adaptation and sustainability
● Clean energy
● Solutions for cities
Sustainable mobility
● Circular economy
● Water conservation
● Ecological food production
● New discoveries
You can become a member of the ClimateLaunchpad if:
1. You have not started your business yet or your company was registered less than a year ago.
2. You do not yet have a significant customer base.
3. You have not received more than 200,000 euros of investment.
4. The company’s profit from the sale of goods has not exceeded 200,000 euros at the time of application.
5. You speak English sufficient to study with English-speaking coaches and pitch on the international stage.
You can apply for participation until May 26 at the following link: https://bit.ly/CLP_UA_apply
How does the competition work?
Startups from 51 countries participate in the competition, including France, Germany, Switzerland, Colombia, Angola, Turkey, the United States, and Mexico.
Each of the participating countries provides training for the program participants, which allows startups to improve and test their business ideas. Topics include market segmentation, key financial indicators, competitive advantages, pitching preparation, and more.
The startups that win the national selection get a chance to compete at the regional finals of ClimateLaunchpad 2024 and compete for the championship with teams from other countries. The national stage of the competition in Ukraine has been organized by Greencubator since 2016.
For additional questions, please contact ukraine@climatelaunchpad.org
The III International Investment Forum (IIIF) successfully completed its work in Uzbekistan. The event gathered more than 2.5 thousand participants from 93 countries, providing a platform for global dialog and exchange of best practices in the investment sphere.
One of the key events of the forum was the presentation of regional energy projects (construction of Kambarata HPP-1 and Javan HPP) to foreign investors. The presentation was held with the participation of the Prime Ministers of the Republic of Uzbekistan and the Kyrgyz Republic, which emphasized the importance of these projects for the entire region.
The forum attracted the attention of international media and was covered by more than 110 foreign publications from 30 countries, including the world’s leading media: “CNN”, “Euronews”, “London Post” and “Associated Press”.
As a result of TMIF, agreements totaling $26.6 billion were signed, which is evidence of Uzbekistan’s high investment attractiveness and the success of the forum. For comparison, 167 documents worth $11 billion were signed at TMIF in 2022, which demonstrates a significant increase in investment interest in the country.
In particular, agreements were reached on the realization of the following major investment projects:
– “Data Volt” from Saudi Arabia will be engaged in the construction of urban infrastructure in “New Tashkent” for the amount of $1 billion, as well as create a “data center” based on green technologies for the amount of $3 billion.
– Saudi Arabia’s Acwa Power is implementing projects to build a 5 GW wind farm in the Republic of Karakalpakstan and create 2 GW of electricity storage capacity for a total of $6.2 billion.
– UAE-based Amea Power will implement a $1.1 billion project to build a 1,000 MW wind farm in the Republic of Karakalpakstan.
– Saudi Tabrid will start modernization of the heat supply system in Nukus, Fergana and Kuvasai at a cost of $750 million.
– Egypt’s Nil Shugar will grow sugar beets and produce sugar in Jizzak oblast at a cost of $500 million.
– The Chinese company Shanghai Knud International is implementing a $205 million project to produce textile and garment products in Namangan region.
– The company “Wilmar International” (Singapore) will produce food products and confectionery in Tashkent region to the amount of $200 million dollars.
In addition, the forum reached agreements with a number of the world’s largest companies, such as “Orascom Investment” (Egypt), “Bonafarm Grup” (Hungary), “Sayar” (USA), “Goldwind”, “Sinoma” (China), “Sam Yapi” (Turkey), “Pasha Development” (Azerbaijan), “Lasselsberger” (Austria), “Petrosat Chexelsoton” (Iran) on realization of new investment projects worth $6.6 billion.
The event included a rich program of panel sessions, discussions, business breakfasts and round tables where the most important aspects of economic development were discussed. The central topic was the role of the government, investors and entrepreneurs in supporting small and medium-sized businesses.
At the session devoted to anti-corruption, experts emphasized that the effective fight against corruption and crime in the economy is a key factor for improving the investment climate. They noted that creating a safe and transparent business environment plays an important role in this process.
“A successful fight against corruption requires a comprehensive approach that includes strengthening legislation and increasing transparency of government actions,” said Akmal Burkhanov, director of the Agency for Countering Corruption of the Republic of Uzbekistan.
The session devoted to retail trade outlined the main challenges and opportunities for the industry. The participants expressed their opinion on the need to improve tax legislation and simplify import procedures. They also noted that it is important to create conditions for successful adaptation of new brands on the market.
“Thanks to the decree on the reduction of customs duties, we managed to set fair prices like in the UK and Kazakhstan,” shared Ilya Lyapustin, Sales and Marketing Director of Tashkent City Mall.
The business breakfast dedicated to women’s entrepreneurship emphasized the significant impact of businesswomen on society. Speakers presented inspiring examples and strategies for striking a balance between profitability and social responsibility.
The focus was on attracting foreign investment through residence permit programs.
“Over the past few years, Uzbekistan has established itself as an attractive destination for global investors due to its openness to cooperation and prospects in the real estate sector,” said Akram Mukhamatkulov of Henley&Partners.
The roundtable “Supply Chains and Sustainability: finding a balance in the face of uncertainty” discussed the challenges and strategies to ensure the sustainability of global supply chains.
“Turkey and Uzbekistan have a strategic partnership, and we can significantly strengthen cooperation by working together,” said Turkish Deputy Trade Minister Sezay Ucarmak.
The experts also emphasized the importance of integrating digital technologies into investment strategies. They noted that digitalization is not the future, but already today, and plays a key role in accelerating investment processes and increasing transparency.
At the pitch session “IT-PARK Uzbekistan: New Development Prospects”, plans to turn Uzbekistan into a regional center of information technologies by 2030 were presented.
Sherzod Shermatov, Minister of Digital Technologies of Uzbekistan, spoke about the significance of recent investments. “Yesterday we witnessed an important event – the start of construction of the $5 billion Data Volt green data center, which is a major foreign direct investment project. We are creating a favorable environment for IT companies and launching a Zero Risk program to cover all risks associated with opening and running offices in Uzbekistan,” he said.
At the round table “Connections: Revival of the Great Silk Road”, international experts and representatives of state bodies explored opportunities to expand ties, economic cooperation and cultural exchange along the ancient routes of the Silk Road.
At the roundtable “Integrated Urban Planning: Quality Investments, Comfort for Environment and People”, leading urbanists, architects and representatives of the business community discussed approaches to the development of the city of Tashkent. In particular, BCG Managing Director and Senior Partner Vladislav Butenko emphasized the importance of integrating innovative solutions into urban planning to achieve sustainable urban development. He emphasized that both economic and social aspects should be taken into account in integrated planning, ensuring a balance between them.
The Forum has played an important role in attracting investments for various ministries and regions of Uzbekistan. The agreements signed demonstrate the development of key sectors such as industry, energy, pharmaceuticals and automobile manufacturing.
One of the main achievements of the forum was the agreement between the Ministry of Digital Technologies, the Ministry of Energy and IT company Data Volt on the construction of a data center based on “green” technologies. Experts noted the importance of such projects for Uzbekistan. Minister of Investment, Industry and Trade Laziz Kudratov and Data Volt director Rajit Nanda took part in the signing ceremony.
The III International Investment Forum in Tashkent has come to an end, but the planned initiatives and signed agreements promise active work on attracting investments and ensuring sustainable development. Uzbekistan has reaffirmed its role as a strategic partner in the international arena, attracting the attention of global investors and contributing to the economic growth of the region.
The forum was also attended by representatives of Ukraine, including pharmaceutical business and agro-industrial complex.
