In January-September 2024, PrJSC Ukrainian Financial Housing Company (Ukrfinzhytlo), which manages the state program eHouse, increased its assets by 23% to UAH 74.9 billion.
According to Ukrfinzhytel’s financial statements, the company’s retained earnings have increased by 51% since the beginning of the year to UAH 8.9 billion.
As of September 30, 2024, the company’s financial investments in securities amounted to UAH 54.3 billion, and loans for UAH 14 billion were received, of which repurchase agreements amounted to UAH 5.3 billion and long-term loans – UAH 7.7 billion.
In the third quarter, Ukrfinzhytlo signed agreements on opening credit lines with JSC FUIB (up to UAH 1.5 billion), JSC Cominbank (up to UAH 250 thousand), JSC TAScombank (up to UAH 300 thousand and UAH 90 thousand).
The eOselya affordable mortgage lending program was launched in Ukraine in October 2022. Contract servicemen of the Armed Forces of Ukraine, employees of the security and defense sector, healthcare workers, teachers, and researchers can apply for a preferential mortgage at 3% per annum for up to 20 years with a down payment of 20% of the cost of housing.
Starting from August 1, 2023, war veterans, combatants, internally displaced persons (IDPs) and citizens who do not have their own housing larger than the standard area can apply for the eHouse program at a 7% discount.
Under the terms of the program, privileged categories of participants and IDPs can purchase housing in a building under construction and buildings not older than 10 years (in the capital and regional centers), while other participants can purchase housing in a building not older than three years or a building under construction.
The program involves 10 partner banks: state-owned Oschadbank, PrivatBank, Ukrgasbank, Sens Bank, as well as MTB Bank, TAScombank, Globus Bank, Sky Bank, Credit Dnipro Bank, and BISBANK.
As of October 30, 13.8 thousand families have purchased their own housing for more than UAH 22.3 billion, according to Ukrfinzhytl.
The Economic Court of Zaporizhzhya region on October 23, 2024 satisfied the statement of claim of the National Bank of Ukraine (NBU) and decided to open bankruptcy proceedings against Private JSC “Insurance Company ‘Oranta-Sich’. As reported on the website of the NBU, the announcement was made public on the official website of the Supreme Court. It is emphasized that creditors are obliged to submit to the Supreme Court written applications with claims against the debtor and supporting documents within 30 days from the date of official publication of the announcement on the opening of proceedings. This period is the deadline and is not subject to renewal.
As reported, on September 19, 2024 the NBU applied to IC “Oranta-Sich” a measure of influence in the form of attributing the insurer to the category of insolvent and canceled the license for insurance activities.
The reason for such a decision was the results of off-site supervision of the insurer’s activity, which established non-compliance with solvency requirements. So, as of July 1, 2024 the amount of acceptable regulatory capital for meeting the minimum capital requirements of IC Oranta-Sich is more than 50% less than the level of minimum capital, established by the regulatory legal acts of the regulator. Besides IC Oranta-Sich has not provided the plan submission within 15 days from the date of their detection.
According to the law “On Insurance”, the liquidation of the insurer in case of such decisions is carried out in accordance with the Code of Ukraine on bankruptcy procedures.
As reported, the shareholders of IC Oranta-Sich at the meeting on June 27 considered the issue of cessation of activities by fulfilling the insurance portfolio, approval of the exit plan. IC Oranta-Sich was registered in 1995.
Ukraine can become a member of the European Union (EU) within the next five years, provided that it implements all the necessary reforms, European Commissioner for Enlargement Oliver Varghese said at a press conference in Brussels on Wednesday.
According to Deutsche Welle, Varghese said that additional tools have been created for Ukraine, Moldova and the Western Balkans to “help them accelerate reforms.”
“These tools are called the Growth Plan, the Ukraine Plan, depending on the country. And with the help of this plan, we have made it possible for the Western Balkans, Moldova, and Ukraine to complete reforms in order to prepare everything and become an EU member by the end of the next European Commission mandate,” he said.
On September 30, a report on EU enlargement was presented in Brussels, which describes the progress of the candidate countries.
At a summit in Brussels on June 23, 2022, the European Council granted Ukraine candidate status in the EU. Kyiv has to implement several important reforms related to the rule of law, oligarchs, and corruption, among other things.
Change in consumer prices in 2023-2024, %
Open4Business.com.ua
In the first 9 months of 2024, Kovlar Group’s production increased by 100% compared to the same period in 2023.
According to the company, the main consumers of fire protection in 2024 were system developers of commercial real estate and infrastructure.
“The key components of this growth are the adaptation of the production cycle to wartime conditions and the high competitiveness of Ammokote products,” said Konstantin Kalafat, CEO of Kovlar Group.
Today, the company continues to carry out research and development activities to develop new promising fire protection materials necessary for the reconstruction of Ukraine. This allows us to keep the development of the Ukrainian fire protection industry at the global level and significantly reduces the import dependence of the domestic fire protection market.
Today, Kovlar Group is the largest Ukrainian manufacturer of fire protection products, which occupies about 60% of the Ukrainian fire protection materials market and offers more than 20 products under the Ammokote brand.
DW Akademie has been active in Ukraine since 2014, promoting freedom of expression, media viability and balanced reporting. It supports the public broadcaster in informing the population during the ongoing war.
The Ukrainian media landscape has changed fundamentally since the war broke out in February 2022. However, despite wartime censorship and additional restrictions on press freedoms, the country’s ranking has moved up significantly on Reporters Without Borders’ World Press Freedom Index. Ranked in 2022 at 106 out of 180 countries, it rose to position 79 in 2023 and to position 61 in 2024.
These higher rankings are mainly due to oligarchs losing their influence on the journalism and editorial policies of national TV stations. Their political and economic influence has declined sharply since the war began, and few public political disputes are now conducted via the media. As a result, oligarchs have lost interest in their own media (especially national TV channels) as platforms for political strife. This growing gap is being filled by Ukraine’s public broadcaster UA:PBC (Suspilne) and local media.
Nevertheless, ongoing reports jointly produced by and aired on six national TV channels, that are controlled by the president’s office and financed by the state budget, have undermined people’s trust in the media.
Observers point to two clear trends in the media market since 2022: people are moving away from television as their main source of information and towards social and online media (especially Telegram). At the same time, people’s trust in and the relevance of independent (online) media is growing. Although countering (Russian) disinformation is a major challenge as people increasingly consume news via (anonymous) Telegram channels, strengthening the relevance of local media in Ukraine is encouraged.
Our activities
DW Akademie has been active in Ukraine since 2014, supporting local independent media, public broadcasting (UA:PBC) and freelance journalism. Its ongoing projects help improve standards for journalistic qualifications and make basic and advanced training more practice oriented. It also provides comprehensive and needs oriented support to local independent media outlets.
Independent, reliable information is vital in times of war. As a result, the public broadcaster UA:PBC informs people about attacks, even if the alarm system is not working. DW Akademie keeps in close contact with its staff and partner organizations in Ukraine, including UA:PBC.
DW Akademie is supporting the project sponsor Ukrainian Institute for Media and Communication (UIMK) in developing training formats. The aim is to increase the media and digital skills of people over and to break old rigid ways of thinking. An accompanying study is analyzing the needs and ways to reach this target group. One example is for younger relatives to support older people in becoming more involved in social discourse and transformation processes.
Via the Journalism Teachers Academy (JTA), the UIMK offers training in methodology and didactics to teachers from Ukrainian university journalism faculties. The aim is for media outlets to draw from young better-trained media professionals. Cooperation is being planned with six Ukrainian universities.
The Educational Center Nakypilo continues to offer training positions that are practice-oriented and part of the School for Universal Editors (SUR) to enable trained editors to support staff at independent media outlets. The school’s financing is ensured through financial consulting and organizational development.
DW Akademie provides extensive support to local independent media outlets in Ukraine. It offers needs-oriented training for journalists and media managers as well as seminars and study trips to Germany to give space for discussions, reflection and networking. Together with “Maje Sens”, a new project partner and non-governmental organization, media managers will receive training and support in fundraising. The project runs from 2024-2025.
DW Akademie, together with the Ukrainian public broadcaster (Suspilne) and media organization Lviv Media Forum, is conducting the project “Strengthening Independent Media for a Strong Democratic Ukraine” (2024-2026). It is funded by the European Commission with the support from the German Federal Foreign Office.
The project aims to increase the long-term capacity of independent media, including the Ukranian public broadcaster, and promote an open constructive dialogue within the Ukrainian population. It also aims to support the National Council for Television and Radio Broadcasting as it strives to meet EU standards.
DW Akademie and Ukraine’s Lviv Media Forum are applying their expertise in supporting independent regional media in Ukraine, with a focus on niche media, constructive journalism and social participation. Suspilne is working more on investigative reporting and children’s content, and advancing its digital modernization process.
The project “MIL Initiative for Youth” by DW Akademie in partnership with Suspilne’s Public Academy Juniors is for young people (12-18 years old) and gives them a voice in local democratic processes.
Funding: German Federal Ministry for Economic Cooperation and Development (BMZ), German Federal Foreign Office (AA), European Commission (EU)
Program Directors: Dr. Kyryl Savin (BMZ), Hélène Champagne (EU)
Locations: Kyiv, Lviv, Cherkassy, Ternopil, Kharkiv, Odessa, Dnipro, Chernihiv, Mykolaiv, Dnipropetrovsk, Zaporozhye, Kherson, Mariupol, Donesk, Luhansk
Local Partners: Public Broadcasting Company of Ukraine UA:PBC (Suspilne), Educational Center Nakypilo, NGO “Maje Sens”, Ukrainian Institute for Media and Communication (UIMC),Lviv Media Forum (LMF)
Focus: Qualification and training for journalists, media viability, business journalism, civic participation (local), social participation, (local) participatory media formats and community media, media and information literacy (MIL), professionalism and journalist networks
https://akademie.dw.com/en/dw-akademie-in-ukraine/a-18549630
