War risk insurance is the main condition for attracting investments to Ukraine, said the former US Ambassador to NATO and Special Representative of the US State Department for Ukraine in 2017-2019. Kurt Volker, at a meeting with members of the European Business Association (EBA) Warconomic Talks.
According to the EBA website, according to Volcker, covering war risks for investors should be a key issue in the coming months and years to attract investment in the Ukrainian economy. To do this, according to him, the governments of partner countries should direct a certain amount of resources to subsidize such insurance.
Volker noted that the war unleashed by Russia challenged the Ukrainian economy and became another factor that stirred up the global economic environment. Shutdown of business operations, interruption of logistics routes and supply chains, suspension of exports – all these factors put pressure on the economy and increase inflation. In this context, the financial support of the international community is very valuable, but Ukraine will need a lot of resources to recover. War is an emergency requiring extraordinary efforts, he said.
Answering the question whether American investors are ready to come to Ukraine, Volker noted that he sees significant support and interest in Ukraine, including from the private sector, but it is not yet completely clear what guarantees of security and return of investments, protection of interests investors. According to him, practical guidance is now needed on how foreign investors can bring money to Ukraine even in the conditions of war.
Passenger flow through the western border of Ukraine in June 2022, thousand (graphically)
Data: State Border Service
National bank of Ukraine’s official rates as of 02/08/22
Source: National Bank of UkraineSource: National Bank of Ukraine
The largest Ukrainian online retailer Rozetka is ready to provide its warehouses to companies for storing their goods, the retailer’s press service reported.
“Due to hostilities, many of our colleagues lost warehouses where they could safely store their goods, and were forced to urgently evacuate them and look for new storage areas. We are ready to help and provide our logistics centers,” said Rozetka co-founder Vladyslav Chechetkin.
He emphasized that the most modern safety standards and sanitary and hygienic norms are observed in the logistics centers.
“Our warehouses are equipped with powerful IT infrastructure and alternative energy sources. We will be happy to work together!” – added Chechetkin.
As noted in the release, previously only marketplace sellers could use this service. For now, the service is available at warehouses in Kyiv and Lviv. The term of storage of goods is not limited.
Rozetka was founded in 2005 in Kyiv by Vladyslav and Iryna Chechetkin as an online electronics and household appliances store. In the following years, the company transformed into a multi-category online marketplace. As of August, 242 Rozetka points are operating in 71 settlements of Ukraine. The company opened stores in the de-occupied territories of Kyiv region, in particular, in Buche and Irpen
Central bank official rates of banking metals as of August 02
One troy ounce=31.10 grams
PrJSC Pokrovsky Mining and Processing Plant (PGOK, Dnipropetrovsk region) in January-June of this year saw a net loss of UAH 37.438 million compared to a net profit of UAH 55.980 million a year earlier.
According to the company’s interim report published in the information disclosure system of the National Securities and Stock Market Commission, over this period its net income decreased by 45.3%, to UAH 828.048 million.
Retained earnings by the end of June this year reached UAH 1.366 billion.
Pokrovsky Mining and Processing Plant is the largest producer of manganese ore in Ukraine, which is mining it in an open way.
Four Cypriot companies, namely Profetis Enterprises Limited, Exceed Investmens Limited, Clemente Enterprises Limited and Alexton Holdings Limited own 24.3024% of the shares of the company
The charter capital of the plant is UAH 736.134 million, the par value of the share is UAH 0.25.
