Business news from Ukraine

Business news from Ukraine

League of Insurance Organizations of Ukraine has elected new vice-president

The Presidium of the League of Insurance Organizations of Ukraine (LIOU) has appointed Tetyana Mosiychuk to the position of vice-president, LIOU President Viktor Berlin said on his Facebook page.

“We have very ambitious goals, and for their realization we need professionals of the highest level. The tasks are many, the challenges are huge, it will not be easy, but I believe in our synergy!”, – emphasized Viktor Berlin.

According to him, Tetyana Mosiychuk will be responsible for the direction of interaction with the market regulator, as well as will tighten the activities already started by LSOU on consolidation of the insurance market of Ukraine.

“I thank you for your trust and I quite agree that it is very important now that the insurance market is united. There is still a lack of a monolithic voice of insurers. I believe it is necessary that insurance companies not only hear, but also take into account their position,” – said Tetyana Mosiychuk.

As reported, Tetyana Mosiychuk headed the Department of Supervision over the non-banking financial services market of the NBU from March 13, 2023 to May 3, 2024.

Tetyana Mosiychuk has worked in the financial sector of Ukraine for more than 30 years, in particular, she has significant experience in insurance, as well as in consulting and investment spheres.

Prior to her appointment to the National Bank, she worked as an advisor on strategic development of the insurance market to the Director General of the Insurance Business Association (2022-2023), was a member of the Management Board and Deputy Director of Persha Insurance Company (2021-2022). Prior to that, she worked in the Ukrainian Fire Insurance Company as Head of the Board (2019-2021), First Deputy Head of the Board (2018-2019).

She has significant experience in the civil service: she worked as Deputy Head of the State Commission for Regulation of the Financial Services Market of Ukraine and Head of the Financial Planning Department of the Ministry of Internal Affairs. She was an expert for EU projects in the field of financial market reforms.

Mosiychuk graduated with honors from Kharkiv State University (qualification: economist). In 2016, she received a PhD in Economics with a specialization in Economic Security of the State.

 

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VICE-PRESIDENT OF EUROPEAN COMMISSION: DECISION TO PROVIDE UKRAINE WITH EUR 1.2 BLN AID TO BE SIGNED ON FEB 1

Executive Vice-President of the European Commission Valdis Dombrovskis says the decision to provide Ukraine with another financial assistance in the amount of EUR 1.2 billion will be signed on February 1. “We are stepping up our support for Ukraine both in the immediate and medium term. The European Commission is going to adopt a new emergency macro-financial assistance package of EUR 1.2 billion tomorrow,” he said at a joint briefing with Prime Minister Denis Shmyhal in Kyiv on Monday.
He said that in order for the European Commission to provide the first tranche of EUR 600 million in the near future, this decision must be passed through the European Parliament, after which a memorandum of understanding must be signed on the directions of financing these funds.
Dombrovskis said this support is related to the programs that Ukraine has with the IMF.

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SERGIY BUBKA RE-ELECTED VICE PRESIDENT OF INTL ASSOCIATION OF ATHLETICS FEDERATIONS FOR ANOTHER FOUR YEARS

President of the National Olympic Committee (NOC) of Ukraine Sergiy Bubka on Wednesday was re-elected to the post of vice president of the International Association of Athletics Federations (IAAF) for four years. “According to the results of the vote, President of the National Olympic Committee of Ukraine, the legendary athlete, Olympic champion, multiple world champion, 35-times world record holder Serhiy Bubka has been re-elected to the post of IAAF Vice President for a term of four years,” the NOC of Ukraine said in a statement.
He received 139 votes from the national federations of the countries participating in the vote.
Briton Sebastian Coe was again elected President of the IAAF.
Bubka became IAAF Vice President in 2007.

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VICE-PRESIDENT OF ALFA-BANK (UKRAINE) CREATES COMPANY WITH $300 MLN REAL ESTATE PORTFOLIO

Vice-President of Alfa-Bank (Kyiv) Iryna Skorokhodova has created Property Investment Boutique STRIX, which core business is purchase, management and sale of property. The company’s portfolio includes projects for $300 million.
“Alfa Bank was a temporary player in the real estate market. The real estate division was created to sell all that remained from the bank’s collateral. Therefore, to save the team and its experience, I launched a new company STRIX about a month ago and now its portfolio has facilities in Kyiv worth $300 million,” Skorokhodova said in an interview with Interfax-Ukraine.
According to her, in particular, at present the STRIX portfolio includes 11 business centers, one shopping center, three land parcels for development, and one hotel construction project.
“All our business centers are successfully operating facilities with zero vacancy and foreign tenants,” Skorokhodova said.
According to the website of STRIX, it provides provide A-Z range of services from the property search for acquisition to property sale and further management.
According to Skorokhodova, the Alfa-Bank Real Estate Division is faced with the task of leaving the remaining assets as quickly as possible. At the same time, she considers the successful experience of selling Alfa-Bank’s collateralized property as an achievement of the Alfa-Real Estate team.
“According to estimates by Cushman & Wakefield, the volume of transactions in the secondary real estate market in Kyiv amounted to $330 million. So, $190 million of this amount is our deals,” the bank’s vice-president said.

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