Business news from Ukraine

Business news from Ukraine

“SUSTAINABLE AGRIBUSINESS: TRADITIONS.NICHES.ECO-PRACTICES.TECHNOLOGIES” – REGISTRATION for Sapienza International Open Conference continues!

Looking for ideas and innovations that will make your agribusiness even more efficient and profitable? Then Sapienza Agromedia Agency invites you to take part in the Open International Conference SUSTAINABLE AGRIBUSINESS: “TRADITIONS.NICHES.ECOPRACTICES.TECHNOLOGIES”, which will be held on February 14, 2024 at 11:30 am in Kiev IEC (3rd pavilion, open zone) within the framework of the exhibition “AGROVESNA”.

PARTICIPATION IS FREE OF CHARGE UNDER CONDITIONS OF PRELIMINARY REGISTRATION

The conference is organized by agromedia agency Sapienza.media with the support of specialized associations: Ukrainian Fruit and Vegetable Association – UPOA and the Association of Amaranth and Amaranth Products Producers.

The organizer of the event, founder of Sapienza agromedia agency Ekaterina Zvereva explains why you should join the event:

New ideas: Hear from practitioners and experts of the Ukrainian agricultural market and international specialists about the latest technologies and trends in sustainable agricultural production;

Practical knowledge: Learn effective innovative solutions that will help increase your business profits taking into account the principles of sustainable development, conservation of natural resources and application of environmental practices;

Cooperation opportunities: Meet colleagues and partners to work together and develop!

What’s in store:

Hot discussions: Discover the secrets of success from leading farmers, innovators, exporters, agroecology experts, Ukrainian and Canadian cooperatives and UN FAO experts;

Interactive sessions: We will share practical tips and explore new opportunities.

Agrovesna atmosphere: A rich program, aromatic coffee and fascinating speakers will make this day useful, interesting and inspiring!

Don’t miss this unique opportunity to get fresh ideas and find new ways to develop your agribusiness. Register at the link below and join our conference!

PARTICIPATION IS FREE WITH PRE-REGISTRATION

Join us and step into the future of sustainable agribusiness with us!

There are 3 BLOCKS of the conference waiting for you:

Block 1. Traditions and innovations of sustainable agribusiness development to increase profits

Mikhail Nagornyak, founder of the innovative breeding company Mnagor – “Blue-yellow sugar corn from Ukraine – a hit of the world market. Prospects of sweet corn market in Ukraine.
The representative of BioNorma group of companies will tell about new formation biopreparations for sustainable agribusiness.
Alexander Duda, Head of the Association of Amaranth and Amaranth Products Producers – “Amaranth: healthy products, healthy nation, healthy economy!”.
Leonid Fadeev, director of Fadeev Agro plant, author of “Strong Seeds” technology – “Innovative seed production technology – the basis for increasing yields”
Alexander Doinikov, managing partner of Viteo Group (Viteo Hemp) – “Technical hemp – deep processing as a niche in the hemp business”.

Block 2: Cooperation of manufacturers. Technological solutions. Government support.

Representatives of successful and efficient cooperatives of Ukraine and experience of Canadian cooperatives.
Oleksandr Yareschenko, Deputy Director for Scientific Work, Institute of Horticulture, National Academy of Sciences of Ukraine – “Non-herbaceous berry crops and opportunities for producers’ cooperation to increase profits”.
Vyacheslav Polishchuk, Head of Horticulture Business Unit of Ukravit – “Ukrainian NWR and services for sustainable production”.
Taras Bashtannik, President of the Ukrainian Fruit and Vegetable Association – “State support. Technologies. Cooperation of fruit and vegetable producers”
Vladyslav Razkevich, Head of Eucalypt – “Automation of irrigation – luxury or necessity?”.

Block 3: Systemic approach to sustainable agribusiness in Ukraine: innovations, established practices, technologies, finance, the way to the EU.

Mykhailo Malkov, FAO Government and Donor Relations Coordinator in Ukraine will tell more about sustainable agribusiness development on the way to the EU.
There will also be a discussion with farmers’ cooperatives, communities, the Ministry of Agro-industrial Complex, NGO “Ecodia” and specialized associations.

Also during the conference it is planned to sign the RESOLUTION OF SUSTAINABLE AGRICULTURAL DEVELOPMENT OF UKRAINE.

PARTICIPATION IS FREE OF CHARGE IN TERMS OF PRE-REGISTRATION

Join us and step into the future of sustainable agribusiness with us!

Regards,
Ekaterina Zvereva, founder of Sapienza agromedia agency.
Conference organizers
pr.sapienzamedia@gmail.com,
+38 098 205 22 35 (Editor of media for farmers Seeds.org.ua, Lyudmyla Kalita)
+38 099 737 17 92 (Ekaterina Zvereva, write to Viber, Whatsup)

Interfax-Ukraine – media partner of the event

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OTP Bank will pay UAH 4.8 bln to budgets of all levels in 2023

The total amount of taxes to be paid by OTP Bank in 2023 is UAH 4.8 billion.

The largest part is income tax – UAH 3.7 billion. The amount of military duty for 2023 is UAH 32.6 million. VAT, local taxes, non-resident tax, personal income tax, unified social tax, and unified social tax make up the rest of the total amount of payments by OTP Bank.

We would like to remind you that OTP Bank was ranked third in terms of capital adequacy according to the results of the stability assessment conducted by the National Bank of Ukraine. Thus, according to the asset quality ratio (AQR), the core capital adequacy ratio (N3) of OTP Bank amounted to UAH 7 billion 234 million, or 19.09%, with the required level of 7%.

Regulatory capital (N2) at OTP Bank amounted to UAH 12 billion 315 million. Its adequacy ratio is 32.5% with the required level of 10%.

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Spain is interested in importing Ukrainian corn and sunflower

Spain is ready to promote Ukrainian agricultural exports and is interested in importing Ukrainian agricultural products, in particular corn and sunflower, Spanish Minister of Agriculture, Fisheries and Food Luis Planas Puigades said at an online meeting with Ukrainian Minister of Agrarian Policy and Food Mykola Solsky on Monday.

According to the press service of the Ministry of Agrarian Policy, during the online meeting, the parties discussed the export of Ukrainian agricultural products and food security. In particular, the extension of Ukraine’s duty-free and quota-free trade regime with the European Union.

“Spain fully supports Ukraine in the face of Russia’s unprecedented and illegal aggression. This includes both military and humanitarian assistance. The Spanish Minister of Agriculture emphasized that support for Ukraine also means promoting Ukrainian exports, which is a key factor for the economy to continue to function,” the Ministry of Agriculture said, adding that Spain is interested in importing Ukrainian agricultural products, in particular corn and sunflower.

“I reaffirmed Spain’s support for the continuation of trade measures to support Ukraine during a video conference with the Minister of Agrarian Policy and Food of Ukraine. Ukrainian farmers have managed to maintain production despite the difficulties,” Puigadez wrote on the social network X after the talks.

For his part, Solsky thanked his Spanish colleague for his understanding and support.

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Netherlands to allocate EUR 122 mln in military aid to Ukraine

The Netherlands intends to allocate EUR 122 million in military aid to Ukraine, which will be spent on ammunition, weapons and cybersecurity, the press service of the country’s government reported.

In particular, EUR 87 million will be allocated to Ukraine for the purchase of artillery shells. The Netherlands will also transfer EUR 25 million to the International Fund for Ukraine (IFU) for the purchase of weapons.

In addition, the Dutch government will allocate another EUR 10 million to improve Ukraine’s cybersecurity.

“The donations are the result of consultations of the Ukraine Defense Contact Group (UDCG), which includes 50 partner countries. They help Ukraine purchase equipment and resources to defend itself against Russia,” the government said in a statement.

According to Dutch Defense Minister Keesa Ollongren, “it is important to support Ukraine in the long term.”

“Now it is important to show that we are helping Ukraine. They are fighting for their country and for the values we share: self-determination, freedom, equality, human rights,” she said.

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IC ARX and ARX Life increased premium collection by 32%

The amount of premiums collected by ARX (risk insurance) and ARX Life (life insurance) insurance companies in 2023 totaled UAH 4 billion, which is 32% more than in 2022, according to a press release from the insurer.

At the end of 2023, the amount of premiums collected by ARX Insurance Company for hull insurance amounted to about UAH 2 billion, which is 29% more than a year earlier, for MTPL – UAH 300 million (+27%), voluntary health insurance – more than UAH 500 million (+22%), and property insurance – more than UAH 400 million (+38%).

The net profit of ARX and ARX Life for 2023 amounted to UAH 504.555 million.

The press release also states that the financial statements have been prepared in accordance with IFRS 4.

Earlier it was reported that ARX and ARX Life insurance companies paid UAH 1.4 billion to customers in 2023, which is 33% more than a year earlier. Payments for hull insurance amounted to UAH 837 million, which is 20% more than in 2022; MTPL – UAH 117 million (+42%); voluntary health insurance – UAH 265 million (+50%); property insurance – UAH 57 million (+17%); life insurance – UAH 69 million (+37%).

In 2023, new products and services were introduced: “Minicasco is an economical hull insurance that covers the main risk on the roads: Road accidents both through the fault of the driver and without. The price of the policy starts from UAH 1,175 thousand. It operates on the territory of Ukraine.

Iron Dome motor hull insurance is a product that protects cars from military risks. It covers damage and complete destruction from missiles, UAVs, and debris.

The policy “CASCO without a visit to the office” – from now on, to purchase a CASCO policy, if the car is subject to inspection, you can independently carry out its photo and video recording in the MyARX smartphone application.

The “Step-by-step settlement of the case” product was also introduced – another update to the MyARX insurance application, which allows you to see the registration, consideration of the case, determination of the amount of damage, the decision in the case, and the amount of compensation.

ARX Life, like ARX, is part of the international insurance holding Fairfax Financial Holdings Ltd.

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Oil prices rise slightly, Brent near $82.6 per barrel

Benchmark oil prices are moderately rising on Tuesday morning after a marked decline a day earlier.

The price of March futures for Brent on the London ICE Futures exchange by 7:14 a.m. was $82.64 per barrel, which is $0.24 (0.29%) higher than at the close of the previous session. On Monday, these contracts fell by $1.15 (1.4%) to $82.4 per barrel.

Quotations for March futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) by this time increased by $0.28 (0.36%) to $77.06 per barrel. At the end of the previous session, they fell by $1.23 (1.6%) to $76.78 per barrel.

At the beginning of the last session, oil was actively rising in price on the news of the deaths of three American soldiers as a result of a drone attack on a US base in Jordan. U.S. President Joe Biden claimed that paramilitary groups linked to Iran were involved in the attack. Tehran denied such accusations.

Some market participants fear a direct military clash between the United States and Iran, but Washington may try to “contain the escalation and give a limited, local response amid the electoral cycle,” said XS.com analyst Samer Hasn.

At the same time, oil quotations are under pressure from fears of a slowdown in the economy of China, the world’s largest oil importer, and global demand in general, MarketWatch writes.

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