Change in prices of food raw materials from Ukraine (forecast up to 2025), %
Source: Open4Business.com.ua
Shareholders of IC “Globalis Insurance Solutions” (Kiev) at the meeting on September 28 plan to rename the company into PJSC “Globalis”, according to the agenda of the shareholders’ meeting, posted in the system of the National Commission on Securities and Stock Market (NCSSM).
In addition, the draft resolution proposes to exclude insurance from the company’s activities, and instead to introduce consultations on commercial activities and management, leasing and operation of own or leased real estate, activities in the field of law, activities of the main departments (head office) and identification of public opinion.
As reported, the National Bank of Ukraine in early January 2024 excluded Private JSC “IC ‘Globalis Insurance Solutions’ from the State Register of Financial Institutions due to the cancellation on January 4, 2024 of its licenses for the provision of financial services in the field of insurance. The regulator has taken such a measure of influence against the insurer in connection with its refusal to conduct an audit of the NBU, namely due to the failure to provide documents and information on the subject of the audit.
IC Globalis Insurance Solutions was registered in March 1997, specialized in risk insurance.
The European Commission on Tuesday re-introduced tariff quotas on Ukrainian honey due to the excess of quota-free volumes of its supplies to the European market, according to a press release from the EC.
“From August 21 to June 5, 2025, imports of Ukrainian honey to the EU will be carried out under the tariff quota of the Deep and Comprehensive Free Trade Area (DCFTA), which has been in force since 2016 between the two parties. The automatic re-introduction of this tariff quota is the result of the revised Autonomous Trade Measures (ATM), which are effective from June 6, 2024,” the statement said.
The EC recalled that the revision of these ATMs includes an emergency brake for seven agricultural products, which will be automatically triggered if imports reach the average annual imports recorded between July 1, 2021 and December 31, 2023. For honey, this average is 44.418 thousand tons.
The European Commission pointed out that, according to Article 4 of Regulation 2024/1392, after reaching these volumes, the EC has 14 days to reintroduce the relevant tariff quota from the DCFTA between the EU and Ukraine. Since the imports of honey from Ukraine have already exceeded the volumes established by this quota since the beginning of 2024, additional imports will be subject to most-favored-nation (MFN) duties. In particular, a new tariff quota will be introduced from January 1, 2025, until June 5, 2025, which will correspond to 5/12 of the threshold set for the emergency braking. For honey, the new quota will amount to 18,507 tons.
At the same time, the European Commission notes that imports of Ukrainian honey to the EU have been fairly stable over the past five years, averaging about 49 thousand tons per year.
As reported, the European Commission introduced quotas for the supply of eggs and sugar to the European Union from June 2, 2024 to June 5, 2025. For eggs, the new quota is set at 9,662 thousand tons, and for sugar – at 109,44 thousand tons.
According to Article 4(7) of the Regulation on autonomous trade measures applicable to Ukrainian products, Ukraine will be able to supply to the EU from June 6, 2024 to June 5, 2025 without paying any duty 57,101 thousand tons of poultry meat, 9,662 thousand tons of eggs, 109,439 thousand tons of sugar, 18,507 thousand tons of honey, 4.648 million tons of corn, 1,017 thousand tons of oats, and 8,603 thousand tons of cereals.
Maria Branias Morera died in her sleep in the morning at the age of 118, EFE reports. Maria was recognized as the first in the list of long-livers last year. Now the oldest person in the world is 116-year-old Japanese Tomiko Itooka.
Earlier, the family published the woman’s last message: “The time is near. Don’t cry, I don’t like tears. And most importantly, do not suffer because of me. Wherever I go, I will be happy.”
Last year, her daughter explained her mother’s longevity with good genes, DW writes. According to her, Branias has never been hospitalized in her life.
The record for longevity continues to be held by the Frenchwoman Jeanne Kalman, who died in 1997 at the age of 123. She is followed on the list of prominent, but also deceased, long-livers by Japanese Kane Tanaka, who lived 119 years, as well as 119-year-old Sarah Noss from the United States and 118-year-old Frenchwoman Lucille Randon.
The EU Health Safety Committee has concluded that there are no grounds to consider the situation in the European Union in connection with the cases of monkeypox an emergency, European Commission (EC) spokesperson Stefan de Kersmaeker said.
“Our approach is based on scientific evidence, and it served as the basis for our discussions at the committee meeting the day before. The European Commission and EU Member States met to discuss the situation and consider how to coordinate the next steps. The Health Safety Committee agreed that there is currently no emergency situation in Europe concerning monkeypox,” the spokesman said at a briefing in Brussels on Tuesday.
He referred to an analysis published on August 16 by the European Center for Disease Prevention and Control, according to which “the overall risk to the population remains low at present.”
The EC representative also said that the committee members agreed on the need for a coordinated approach to this problem and close monitoring of the situation.
Answering a question about the availability of monkeypox vaccines in the EU, de Kersmaeker noted that the COVID-19 pandemic has shown the importance of preparedness for health crises. He said that since 2022, several contracts have been signed with different companies, and these vaccines have already been distributed to Member States.
“Our latest joint framework contract provides for the purchase of up to 2 million doses of vaccines,” the EC representative added.
Monkeypox is a rare viral disease. The infection is accompanied by fever, intoxication, swollen lymph nodes and further spread of the rash – first in the form of spots that transform into bubbles, after opening them, ulcers form, after they heal, crusts form, and when they fall off, scars form. In mild cases, the disease usually resolves on its own and lasts from 14 to 21 days.
Last week, the WHO declared a public health emergency of international concern due to the outbreak of monkeypox in Congo and other African countries. This year, more than 14 thousand cases of the disease have been detected in Congo, with 524 deaths recorded.
Earlier, the Experts Club information and analytical center released a video with a detailed explanation of the origin of the disease and the prospects for its spread – https://youtu.be/YXYU6KcQTcQ?si=wEj2TQc3MPHGx0QY
By 2026, Germany aims to reduce its aid to Ukraine, relying on sources other than the federal budget. Capital gains from frozen Russian assets could be one such source.
It came as a shock to Ukraine and to all those who want to support Kyiv unconditionally: the German government apparently wants to end financial aid for military aid to Ukraine from the federal budget after next year and instead tap into an international pot.
The reason for this is the extremely difficult budgetary situation in which the governing coalition of the center-left Social Democratic Party (SPD), the Green Party, and the neoliberal Free Democratic Party (FDP) is struggling to make ends meet.
Finance Minister Christian Lindner (FDP) wrote in a letter to Defense Minister Boris Pistorius (SPD) and Foreign Minister Annalena Baerbock (Greens) that “new measures” involving payment obligations may only be agreed upon if “financing has been secured.”
The German government has allocated €7.5 billion ($8.3 billion) in the 2024 budget for Ukraine, and another €4 billion ($4.4 billion) for 2025. After that, no further money will be earmarked for Ukraine in Germany’s federal budget.
At that point, the money is expected to come from a new source, agreed upon by the representatives of the seven major Western industrialized nations, the G7, in June. At their summit meeting they declared that by the end of the year, around €50 billion ($55 billion) is supposed to have been raised in “additional funds,” not as a substitute for national contributions.
The interest for these loans are to be paid for by, among other things, interest earnings from frozen Russian assets. However, it is still unclear if and when such revenues will accrue, how much they will be and whether they can be used in this manner. International negotiations on this are ongoing. The G7 had explicitly stated that these funds were not going to substitute national contributions to Ukraine’s struggle.
Criticism from all sides
Ukraine’s ambassador to Germany, Oleksii Makeiev, was quick to issue an urgent warning to the German government against cutting financial support to his country. “Cutting military aid to Ukraine means jeopardizing Europe’s security,” he wrote on X. “That would be fatal and must be avoided. The funds are there, it’s a question of political will.”
Criticism showered down on the government. Representatives of the largest opposition party, the conservative Christian Democratic Union (CDU), accused the German government of abandoning Ukraine. The opposition party is also in favor of using Russian assets – not as a substitute for German funds, but in addition to them.
Critical voices are even coming from within the governing coalition. Michael Roth (SPD), chairman of the Foreign Affairs Committee in the Bundestag, said that Germany cannot make its support dependent on the budget situation. “We must not sacrifice the fate of Ukraine on the altar of the debt brake,” he said in reference to a provision in the German constitution limiting public debt.
Green Party co-leader Omid Nouripour said in an interview with public broadcaster ARD: “This is not a good signal, certainly not for Ukraine and certainly not for our partner states, which are all involved.”
Marie-Agnes Strack-Zimmermann from the FDP, one of the most vehement supporters of military and financial aid to Ukraine and chair of the Defense Committee in the European Parliament, echoed the same sentiment. But she also held her partners accountable. She wrote on X that aid to Ukraine still needs to be stepped up. “But this is only possible together with our European partners, from whom we are demanding just as much commitment as before.”
Fear ahead of the state elections?
The German government wants to limit aid to Ukraine not only because of the tight budget. In September, state elections will be held in three eastern German states: Saxony, Thuringia and Brandenburg. Polls predict good results for the far-right Alternative for Germany (AfD) and the populist Sahra Wagenknecht Alliance (BSW), who want to end support for Ukraine and are in favor of reconciliation with Russia.
After the initial uproar over cutting aid to Ukraine, the German government is now trying to mitigate the damage: “The chancellor will keep his word that support for Ukraine will continue for as long as necessary and that no one, especially not the Russian president, can count on us letting up,” said government spokesman Wolfgang Büchner.
However, he did not deny that a shift from the federal budget to international sources was being considered.
https://www.dw.com/en/germany-ukraine-military-aid-2026/a-69984998
