Business news from Ukraine

Business news from Ukraine

Canadian Maple Hope Foundation donated 30 portable life support systems MOVES SLC to Ukraine

The Maple Hope Foundation (Canada) donated 30 portable life support systems MOVES SLC to Ukraine in response to requests from the Ministry of Defense.
According to a press release from the foundation, the systems were donated to the foundation by the Canadian government.
The portable system, which weighs 18 kilograms, was specially designed to provide emergency medical care in combat conditions to wounded people in need of emergency medical care and transportation to medical facilities. The equipment is used by emergency medical services, the military, medical teams and disaster response agencies and has been purchased by the armed forces of the United States, Canada, Australia, Israel and several other countries.
“MOVES® SLC™ systems have been used by medical personnel in Ukraine since May 2022, but there is only one system for all of Ukraine, provided by Thornhill after the full-scale invasion. The systems provide medics on the front lines with the best means to treat the wounded,” the foundation said.
The device weighs 18 pounds and is carried like a shoulder bag. The device combines an oxygen (O2) concentrator, a ventilation system that stores oxygen, and full monitoring of vital signs. The portable system runs on batteries and without oxygen cylinders.
MOVES SLC systems will be deployed at strategic DOD locations, including the evacuation train as well as stabilization and mobile centers.
The Maple Hope Foundation, founded by Ukrainian social activists in Vancouver in 2014, provides regular military, humanitarian and social assistance. Since the start of the full-scale invasion, the foundation has provided aid totaling 8.7 million Canadian dollars.

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ARX insurance company increased premiums by 27%

In January-March, 2023 ARX Insurance Company collected UAH 781,6 million of insurance premiums, that is 27% more than during the same period of the last year, increasing the number of concluded contracts in 2,2 times.
As it is said in the press release of the insurer, the amount of payments in the first quarter made UAH 303,5 million, and it is by 12% more than in 2022. Every day ARX pays out about UAH 4,7 mln.
Besides, more than 360 million UAH were collected on CASCO contracts in the first quarter, which is 17% more than last year, more than 156,7 million UAH on voluntary health insurance contracts, which is 4% more than in 2022, about 102 million UAH on property insurance contracts, which is 38% more than last year. Compulsory insurance of civil liability (CMTPL) showed an increase of 34%, the amount of premiums amounted to more than 53 million.
The Company also reports that in the first quarter of 2023 ARX paid more than 77 million UAH of taxes to the budget of Ukraine. Overall in 2022 the insurance company ARX and life insurance company ARX Life paid more than UAH 368 million of taxes to the state. In 2022 ARX transferred UAH 35 mln to VSU, the company constantly cooperates with the fund of military assistance “Come back alive”.
IC “ARX” works on the insurance market for 26 years. According to its data, the company is the leader in CASKO insurance for the 12th year in a row. It takes the first place among the insurers of Ukraine on the size of net premiums and net indemnities in 2021. It is a part of the international insurance holding Fairfax Financial Holdings Limited (Canada).

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Oil prices continued to fall on Wednesday evening

Oil prices continue to fall on Wednesday evening after the release of data on oil inventories and inflation in the United States.
The price of July Brent futures on London’s ICE Futures exchange stands at $76.19 a barrel by 5:54 p.m. on Wednesday, down $1.25 (1.61%) from the previous session’s closing price.
The price of WTI crude futures for June trading on the New York Mercantile Exchange (NYMEX) was down $1.41 (1.91%) to $72.3 a barrel by that time.
U.S. commercial oil inventories rose 2.95 million barrels to 462.58 million last week, according to a weekly report from the nation’s Energy Department. Experts had expected a 2.5 million-barrel drop in inventories.
“Downside risks to liquid fuel demand growth will be present through the end of 2024, but we expect seasonal increases in oil consumption and OPEC production cuts to put some upward pressure on oil prices in the coming months,” the U.S. Department of Energy’s Energy Information Administration (EIA) noted.
Consumer prices in the U.S. rose 4.9% in April compared to the same month last year, according to Labor Department statistics. The consensus forecast cited by Trading Economics assumed inflation at 5 percent, the same as in March.
Inflation is a key indicator that markets watch because it plays an important role in the Federal Reserve’s monetary policy decisions.

EU may impose sanctions on dozens of companies from China, Iran, Kazakhstan and Uzbekistan

The EU is considering imposing sanctions against dozens of companies from China, Iran, Kazakhstan and Uzbekistan that cooperate with Russia, Reuters reports.
The agency cites diplomatic sources familiar with the European Commission’s draft proposals. Inclusion of these companies in the “black list” is possible within the framework of the prepared 11 package of anti-Russian sanctions.
In late April, Assistant Secretary of the U.S. Treasury Elizabeth Rosenberg during a visit to Kazakhstan warned of the growing risks of secondary sanctions against Kazakh companies and banks that help Russia evade Western sanctions imposed in response to the full-scale war against Ukraine unleashed by Russia.

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In London there will be conference “Rebuilding Ukraine: Renewal on basis of research”

A conference titled “Rebuilding Ukraine: Research-Based Renewal” will be held in London on May 15-16, co-organized by the Presidential Foundation for Education, Science and Sports Support, according to the official portal of the Ukrainian president.
“The Presidential Foundation for the Support of Education, Science and Sport together with the Royal Society of London and the University Political Engagement Network (UPEN) will organize the conference “Rebuilding Ukraine: a renewal based on research,” the press service said in a statement on Wednesday.
The event will reportedly be held May 15-16 in London. The conference is aimed at supporting Ukrainian scientists, strengthening and developing long-term cooperation between government and academic institutions of Ukraine and Great Britain.
“For the first time in the history of Ukraine’s independence, the Royal Society of London will support Ukrainian scientists in conducting research that will form the basis of policy development as part of programs to rebuild our country,” the president’s press service notes.
The conference will be attended by a number of scientists from Ukrainian and British universities and relevant deputy ministers who will present priorities for research that will form the basis for making decisions related to the economic challenges and needs of Ukraine during and after the war in terms of health and well-being, planning “green” recovery and human development.
The academic community of Ukraine will be represented at the conference by representatives of the Odessa National Medical University, Bogomolets National Medical University, Ukrainian Catholic University, Kiev National University of Civil Engineering and Architecture, Kiev National Shevchenko University, and American University Kiev.
“Since the level of complexity of the challenges and conditions in which Ukraine is now developing exceeds all typical tasks, we really need better minds and a culture of interaction. In the future, a pool of talent and an “economy of trust” will play a special role in Ukraine’s recovery. That is why from our side the conference will be headed by the Ministry of Education and Science and the Ministry of Economy”, – said Olga Budnik, advisor – commissioner of the President of Ukraine on the Foundation for Support of Education, Science and Sports, which is quoted by the press service.
The first day of the conference will be held in the form of panel discussions and debates, the second day – in the form of round tables with experts who will form the further plan of joint actions.
The event is sponsored by Universities UK International, Research England and the British Council with the support of the Academy of Medical Sciences, the British Academy and the Royal Academy of Engineering.

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Take care of calm pregnancy – CSD LAB reduces prices for prenatal tests

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At the same time, it is absolutely safe for the mother and the unborn baby, as the test requires only a venous blood sample from the pregnant woman.
Order the Panorama test at CSD LAB with a 15% discount and take care of a safe pregnancy.
Validity period: 01.05.2023 to 30.06.2023
Detailed terms of the promotion on the website

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