The Fund for Reconstruction and Development of Ukraine, together with the Kontramarka Help project, plans to create a rehabilitation center for civilians and military personnel in western Ukraine, and later in other regions, president of the fund Artem Honcharenko has said.
“One of the projects that will be implemented by the Fund for Reconstruction and Development of Ukraine together with Kontarmarka Help is the creation of a rehabilitation center for civilian and military people. We plan to create it in the western region, and then scale it all over Ukraine,” Honcharenko said during press conference at Interfax-Ukraine on Thursday.
According to him, the center will provide assistance in physical and psychological rehabilitation, reintegration into civilian life, and job search.
“We have been seeing this problem since 2014, when combatants were not particularly actively recruited. Now there will be even more such people, so the problem needs to be solved in the near future,” he said.
The Fund for Reconstruction and Development of Ukraine (https://rdua.eu/) was established in April 2022 at the initiative of the International Technology Transfer Association and the I-Dolina start-up platform to organize and deliver humanitarian aid to Ukraine.
ARTEM HONCHARENKO, DEVELOPMENT, FUND, RECONSTRUCTION, REHABILITATION CENTER
Some 18 Canadian companies and organizations, including the National Bank of Canada, Bombardier, Broccolini, KPMG and others, have teamed up to resettle 1,000 families of Ukrainian refugees in the near future, according to a press release from the music and media company Stingray (Montreal, Canada).
“As we watched the conflict unfold and witnessed the forced displacement of millions of Ukrainians, we could not stand by without doing our part. We are impressed by the quick response, active participation of businesses, and interest of all levels of government in making this initiative a reality. Together, we hope to welcome up to 1,000 Ukrainian families, starting in the coming weeks,” President, Co-Founder and CEO of Stingray Eric Boyko said.
“These companies have agreed to welcome up to 80 families each, ensuring that they are well looked after throughout the process. While responding to labor needs, these companies are offering newcomers work, access to lodging, and means of subsistence while preserving these families’ dignity throughout this challenging ordeal,” the report says.
CANADIAN COMPANIES, FUND, REFUGEES, SETTLEMENT, SUPPORT, UKRAINE
Ferrexpo Plc (the U.K.), which controls Poltava Mining and Yeristovo Mining in Ukraine, has increased the level of approved funding for its Humanitarian Fund to $7.5 million to provide further support to local communities close to the group’s operations, as well as broader support for communities throughout Ukraine.
According to a press release of the group on the London Stock Exchange (LSE) on Monday, following the announcement of the establishment of the fund on 7 March 2022, the Group has been made aware of further projects and initiatives to support the humanitarian relief effort within Ukraine and the group’s Board of Directors has moved to quickly increase the fund’s approved budget accordingly.
Examples of projects that sit within the fund’s activities include the group’s efforts to coordinate the supply and distribution of food packages, the sourcing of basic medical supplies for local hospitals and medical facilities and the provision of meals for local residents of communities surrounding to the group’s operations.
“The situation in Ukraine is rapidly evolving and the fund is intended help enable the group to react quickly to meet the increased needs of Ukraine and our workforce and their families at this difficult time,” the group said.
The financial company Investohills Vesta, together with investors from the European Union and the United States, has created the Investohills Helianthus $100 million seed fund to invest in the Ukrainian market of distressed debts, the company said on its website.
According to the report, the first issue of shares of the relevant fund (in the amount of UAH 1 billion in June 2020) was approved by the National Securities and Stock Market Commission and distributed among investors.
Investohills Vesta will manage the fund’s activities in the interests of foreign investors, as well as provide them with a range of services in the field of redemption and collection of bad debts, litigation, storage and management of distressed and collateralized assets.
“The Ukrainian bad debt market is interesting to foreign funds specializing in such investments. But they are stopped by Ukraine’s specifics: weak protection of creditors’ rights at the level of legislation and the judiciary. Investohills Group and the fund… has offered a full cycle of support for investment-attractive deals with bad debts,” the founder and managing partner of the financial company, Andriy Volkov, said.
According to the release, on August 19, 2020, the fund closed its first deal, having bought out a portfolio of troubled assets of VTB, Rodovid and Financial Initiative banks from the Deposit Guarantee Fund for UAH 1.314 billion.
EU, FUND, INVEST, INVESTOHILLS VESTA, US
The Cabinet of Ministers of Ukraine has amended the charter of the Energy Efficiency Fund, increasing its charter capital by UAH 1.119 billion, MP Oleksiy Honcharenko has said. “The Cabinet of Ministers has increased the charter capital of the Energy Efficiency Fund by UAH 1.119 billion,” he said on Telegram.
The decision will allow implementing 2,041 thermal modernization projects for multi-apartment buildings, the press service of the Ministry for Community and Territory Development said.
As reported, the national budget of Ukraine for 2019 foresees UAH 1.6 billion for the charter capital of the Energy Efficiency Fund.
The Energy Efficiency Fund intends within five years to finance more than 16,000 projects under the energy modernization program for the associations of co-owners of multi-apartment buildings.
The victim protection fund of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) almost doubled in 2018 compared with 2017, to UAH 1.204 billion, according to a report of the audit commission of the bureau. According to the report, the monthly contributions of MTIBU member insurance companies to the victim protection fund in 2018 increased 48.1%, to UAH 32.914 million, but the total basic guarantee fee decreased by 3.1%, to UAH 448.262 million.
According to the report of the audit commission, last year the additional guarantee fee DV1/DV2 increased 3.8 times, to UAH 308 million, the additional guarantee fee for the victim protection fund (10%) amounted to UAH 375.5 million.
The top 10 members of MTIBU account for 49% of contributions to the victim protection fund.
According to the report, in 2018, procedural insurance payments in claims in the amount of UAH 141.4 million were made from the victim protection fund, which is 25.2% more than a year earlier. At the same time, payments for bankrupt insurers fell by 45.7%, to UAH 3.765 million.
In addition, UAH 173.6 million was returned to the insurers which lost their membership in MTIBU, which is almost twice more than a year earlier. Costs for settling cases slightly increased and amounted to UAH 3.542 million, court costs came to UAH 7.13 million (a rise of 18.5%).
