Business news from Ukraine

Head of US Agency for International Development arrived in Kyiv

Head of the United States Agency for International Development (USAID) Samantha Power has arrived in Kyiv.

“I just arrived in Kyiv, Ukraine. This is a critical moment for the Ukrainian people as they defend their freedom from brutal attacks, liberate occupied lands, prepare for winter, and strengthen democratic institutions and the rule of law. USAID now and always stands with Ukraine,” Power wrote on Twitter.

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In Kyiv and almost in all other regions of Ukraine on October 2-3, rains and thunderstorms

In Ukraine on Sunday, it is expected to rain at times, at night in the western and northern regions, in the daytime on the Left Bank (except Luhansk region), in some places significant rain, in some places a thunderstorm, reports Ukrhydrometeorological center.

South wind with transition to northwest, 7-12 m/s, gusts of 15-20 m/s in the daytime on the Right Bank.

Temperature at night 9-14 °, in the daytime 13-18 ° (in the highlands of the Carpathians during the day 4-9 °); in the southern part and eastern regions at night 12-17 °, in the daytime 18-23 °, in the Crimea up to 26 °.

In Kyiv on October 2, it sometimes rains. South wind with transition to northwest, 7-12 m/s, daytime gusts of 15-20 m/s.

The temperature at night is 10-12°, during the day about 15°.

According to the Central Geophysical Observatory. Boris Sreznevsky in Kyiv on October 2, the highest temperature during the day was 26.2 ° in 1890, the lowest at night -2.5 ° in 1902.

On Monday, October 3, at times light rain, at night in most of the southern and central regions without precipitation.

Northwest wind with transition to southwest, 7-12 m/s, in Ukraine, except for the southern part, gusts of 15-20 m/s in places.

Temperature at night 3-8° warm, daytime 8-13°; in the southern and eastern parts at night 7-12 °.

In Kyiv on October 3 at night in some places, during the day light rains everywhere.

Wind northwest with transition to southwest, 7-12 m/s, gusts of 15-20 m/s in places.

Temperature at night 6-8° warm, daytime 11-13°.

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The National Bank canceled the licenses of two Kyiv insurance companies

On September 29, 2022, the National Bank of Ukraine applied to PJSC Ukrainian Industrial Insurance Company and ALC Nadiya Insurance Company (both Kyiv) measures in the form of license cancellation, according to the website of the regulator.

The reason for this decision was the repeated violation of license conditions and once again failure to provide information at the request of the regulator. Namely, observance of mandatory monetary standards, overdue obligations under concluded insurance contracts, cases of violation of the deadlines for the settlement of declared events that have signs of insurance (the composition of the reserve for claimed but not paid losses).

“Consequently, for a long time after the start of the Russian aggression, insurers did not take measures to establish operational activities and accounting. This makes it impossible to carry out full-fledged insurance activities,” the report says.

Decisions to cancel licenses come into force on September 30, 2022.

As reported on August 12, 2022, a measure of influence was applied to these insurers in the form of a temporary suspension of licenses.

Insurers, to which the National Bank has applied enforcement measures, operate in the non-life segment.

PJSC “Ukrainian Industrial Insurance Company” does not provide reports to the National Bank, starting from the reporting for 2021.

ALC IC “Nadiya” does not provide reporting, starting with the reporting for the 1st quarter of 2022.

Based on the results of 2021, IC Nadiya received UAH 3 million in insurance premiums and made UAH 3.1 million in insurance payments. At the same time, the company did not enter into insurance contracts with individuals. The company’s market share based on the results of 2021 is 0.006%. The insurer informed the National Bank of the temporary cessation of insurance activities after the start of the military aggression of the Russian Federation.

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The UN plans to open an office of the food organization FAO in Ukraine in Kyiv

The Cabinet of Ministers of Ukraine has agreed on the signing of an agreement between the government of the country and the Food and Agriculture Organization of the United Nations (FAO) on the establishment of a project office in the country to provide it with technical and humanitarian assistance in the face of Russian military aggression.

As reported on the website of the Ministry of Economy of Ukraine on Tuesday, the Cabinet of Ministers on September 27 authorized First Vice Prime Minister – Minister of Economy Yulia Sviridenko to sign this agreement.

“Ukraine has long and fruitfully cooperated with the FAO, an organization whose mission is to fight hunger around the world. Our state has been and remains the breadbasket of Europe and the world, but because of the war unleashed by Russia, we already need help. FAO provides it, in in particular, by implementing jointly with the governments of the partner countries programs to support Ukrainian farmers,” Sviridenko was quoted as saying by the ministry.

It is specified that with the start of a full-scale invasion of the Russian Federation into Ukraine, FAO has updated a rapid response plan to help Ukrainian small and medium-sized farmers and agricultural producers. As of mid-August, the organization provided emergency assistance in the form of seed material and cash for 80,000 people in 13 regions of Ukraine.

In addition, FAO and the Government of Ukraine, with the financial support of Japan and Canada, are implementing projects to restore grain storage capacities in the warring country, which provide for the supply of equipment for loading and unloading grain, modular storage containers, etc. to Ukrainian farmers from 10 regions.

According to the Ministry of Economy, the implementation of a rapid response plan and a strategy to increase grain storage capacity in Ukraine will cost FAO and its partners a total of $180.4 million.

“The adoption of the Agreement and the creation of an FAO office in Ukraine will allow raising cooperation to a higher level … We expect closer coordination in matters of grain exports. Ukraine will continue to help countries where the issue of food is acute. In the future, cooperation will contribute to the growth of Ukrainian exports and the achievement of our the goal is to create an export-oriented economy with high added value,” Sviridenko summed up in the message of the Ministry of Economy.

FAO is a UN agency dedicated to ensuring world food security, improving nutrition and living standards in its member countries. The organization consists of 194 countries, Ukraine joined it in 2003.

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Mer Klitschko: Kyiv and Barcelona signed an agreement on twinning

Kyiv Mayor Vitaliy Klitschko and Mayor of Barcelona Ada Kolou have signed an agreement on twinning between the cities, the press service of the mayor of the capital of Ukraine reports.
“Today, cooperation at the city level is very important, because it is cities that play a key role in the development of states and deepening cooperation between them. The capital of Ukraine develops cooperation with European cities. Attracts help from partners, convinces them of the need for further support for Ukraine. We must be strong Together! Ukraine’s victory in the war against the Russian barbarians is a guarantee of peace and tranquility throughout Europe. We are grateful to our friends who help. Barcelona gave Ukraine fire trucks, humanitarian aid, and provided temporary shelter to Ukrainians fleeing the war,” Klitschko said.
Kolow, in turn, stressed that Barcelona will continue to help and support Kyiv and Ukraine. In particular, the mayors also discussed cooperation in the field of public transport, ecology, smart city and culture.
It is noted that Barcelona has become the seventh European city with which Kyiv has signed twinning since the beginning of the large-scale aggression of the Russian Federation. In particular, Madrid, Paris, Marseille, Lyon, Oslo and Hamburg also became twin cities of the Ukrainian capital. In total, the capital of Ukraine has 63 sister cities.

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Demand for housing rental in Kyiv in Sept exceeds pre-war level

The number of applicants for apartment rental in Kyiv in September for the first time during the full-scale war exceeded pre-war figures, the press service of the LUN new buildings portal reported.
According to data from the apartment rental app Bird, as of September 20, the number of applicants for apartments rental has reached 120% of the pre-war level. A month ago, in mid-August, demand reached the February level, and in July it was 90%.
According to the press service of LUN, in September, housing prices halted growth compared to the previous month. The median price for renting a one-room apartment in Kyiv fixed at UAH 9,000 in September, which is the same as in August. In July, the figure was UAH 8,000, while at the end of February, the median price for renting one-room apartments was UAH 13,000 per month.
The median price for renting two-room apartments in September slightly decreased compared to August – from UAH 15,000 to UAH 14,000. In July this figure was UAH 12,500, before the war – UAH 21,600.
At the same time, the median price for renting three-room apartments decreased from UAH 24,900 in August to UAH 20,200 in September, which is the same as in July. Until February 24, such housing cost UAH 46,100.

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