Indian Prime Minister Narendra Modi is expected to pay a historic visit to Ukraine in a few weeks, according to Sidhant Sibal, chief diplomatic correspondent for the Indian publishing house WION, citing his own sources in New Delhi. This visit, which is currently being prepared, is tentatively scheduled for the third week of August, probably on the 23rd.
Earlier this year, Ukrainian President Volodymyr Zelenskyy personally invited the Indian leader to visit the country during a phone conversation. Since then, the two countries have been holding active high-level talks. Indian Foreign Minister Subramanyam Jaishankar and his Ukrainian counterpart Dmytro Kuleba discussed bilateral relations. National security advisors from both countries, Ajit Doval from India and Andriy Yermak from Ukraine, also held talks.
In June, Prime Minister Modi met with President Zelenskyy on the sidelines of the G7 summit in Italy. Discussing the current situation in Ukraine, the Indian leader emphasized the need for dialogue and diplomacy, stressing that India is ready to support a peaceful resolution of the conflict.
This visit will be the first personal contact between the two leaders since the beginning of the war, outside the format of the G7 summits. Prime Minister Modi may travel to Ukraine via Poland, and is likely to hold talks with the Polish leadership before traveling to Kyiv.
Prime Minister Modi’s visit to Ukraine comes almost two months after he traveled to Russia for the annual Russian summit, during which the war in Ukraine was also discussed. During his talks with Putin, Prime Minister Modi expressed regret over the deaths of innocent people and children at the Okhmatdyt hospital.
The trends of the real estate market in the first half of 2024 were analyzed by Oleksandr Nasikovsky, Managing Partner of DIM Group of Companies.
The number of sales transactions in the first half of 2024 is gradually increasing compared to the same period in 2023. But it all depends on the readiness of the object and its class.
Currently, the majority of buyers of apartments in the primary market are those who buy housing for themselves. These are people who associate their future with Ukraine, with Kyiv. In this case, it makes no sense to postpone this step, because developers are now offering good conditions and trying to keep prices down. Most of these people lived and planned to buy housing in the capital even before the war.
There are also IDPs among the buyers, but their share has not increased significantly. They have more stressful circumstances, a longer period of adaptation, and need more time to take this step. In addition, some of them are considering the western regions of Ukraine for purchasing housing.
While in 2023, there were few investment transactions for the purchase of real estate for resale or lease, in 2024 we are already seeing a gradual recovery in investor interest as the real estate market is gradually recovering.
For new clients, realizing the difficult decision they are facing today, we are developing special programs for the purchase of housing: we offer installment plans for a long period (up to 5 years), reduce the down payment, offer to pay part of the funds before the completion of construction, and the rest within three years after.
We can state that the cost per m2 of primary real estate will continue to grow. This is due not only to the future growth in demand for new housing, but also to the rise in the cost of building materials, energy, and related resources required for the construction of houses.
Yes, there is pent-up demand and it has a cumulative effect. Ukrainians still have a need for new housing, but not everyone is ready to invest in real estate in the capital. People are hindered by understandable fears, lack of stability and confidence in the future due to the war. But as soon as we win, people will return to solving the housing issue, because it is still relevant.
Internal migration within the country will also have an impact. Some people will stay and build their future in Kyiv.
Investors will be interested in the future growth of the cost per square meter. After the Victory, this process will start quite quickly.
The cost of apartments in high-quality facilities will increase. This is due not only to the future growth in demand for new housing, but also to the rise in the cost of building materials, energy, logistics, and related components required for the construction of houses. So far, we have been able to balance, but over time, these factors will take their toll and prices will go up.
On March 11, 2024, according to the previously announced schedule, the process of accepting applications from potential partners for joint development of 21 fields was completed.
The company is currently finalizing the terms of cooperation with the companies that submitted the best proposals, preparing to submit joint applications to the Interdepartmental Commission for the organization of the conclusion and implementation of production sharing agreements and subsequent approval of the final terms of the production sharing agreements by the Cabinet of Ministers of Ukraine.
However, due to the interest of investors who were unable to participate in the first selection and the availability of fields with the potential for joint development, the Company decided to extend the application deadline for some fields by 3 months until September 10, 2024.
For more details on the algorithm for submitting applications and selecting potential investors, please follow the link.
Yevgeny Chernyak has increased his stake in Inter-Policy Insurance Company (Kyiv) from 9.96% to 24.715%, the company reported in the NSSMC’s information disclosure system, citing data from the Central Securities Depository.
According to the report, Oleksandr Yedin reduced his stake in the insurer from 9.899% to 6.251%, Valentyna Honcharova – from 9.786% to 6.179%, Lyudmila Chebotko – from 5.076% to 3.205%, and Oleksandr Yakovlev – from 5.312% to 3.354%.
In addition, the company increased its authorized capital by 58.4%, or UAH 17.691 million, to UAH 48 million. During the issue, an additional 31,422 thousand shares with a par value of UAH 563 were issued at a market price of UAH 575.
As reported, at the time of the decision on the issue, the company’s shareholders, in addition to the above, were JSC Ukrzaliznytsia (50.0046%) and IC Vostok-Zakhid (9.96%).
Inter-Policy Insurance Company was founded in 1993. It has 20 licenses for voluntary and compulsory insurance, as well as branches and representative offices in all major regional centers of the country.
On July 25, JSC “Rivneoblenergo” reported on the intention to enter into a contract with the insurance company “VUSO” for compulsory insurance of civil liability (CMTPL).
As reported in the system of electronic procurement Prozorro, the company’s price offer amounted to UAH 744.5 thousand with the expected cost of purchasing services of UAH 750 thousand.
IC “Euroins Ukraine” also took part in the tender with the offer of UAH 462,8 th.
IC “VUSO” was founded in 2001. It is a member of MTSBU and NASU, a participant of the Agreement on direct settlement of losses and a member of Nuclear Insurance Pool.
Capital Times Investment Banking Company (Kyiv) intends to launch a fund in the near future aimed at investing in companies that rethink the future of technology, health and sustainable development, according to the Ukrainian Venture Capital Association (UVCA).
“We already have a portfolio of 9 investments, including 3 exits. Now, with the new fund, we are pleased to continue our journey, providing the necessary resources, mentoring and strategic support to help companies scale and succeed,” Capital Times Managing Partner Sergiy Goncharevich said in a release.
It is noted that Capital Times joined UVCA in July. The company’s website also says that in July this year it also became a member of the IT Ukraine association.
“For Capital Times, the IT sector is a priority area for M&A in Ukraine. In recent years, deals in this sector have been leading in terms of number and value. Despite the market transformation, we see significant potential and opportunities for development,” the company commented on joining the association.
According to the releases, Capital Times has 18 years of experience in providing M&A solutions. It is a member of the international network of M&A advisors Globalscore Partners, with 38 deals in its portfolio and 260 completed projects in various sectors of the economy.
In addition to Kyiv, the company also has offices in Chisinau (Moldova) and Poznan (Poland).
The company’s declared focuses are FoodTech, FinTech, HealthTech, MilitaryTech, and EdTech.
