Ukraine's ARX Insurance has started offering coverage for property against missile and drone attacks in Ukraine with a reinsurance contract with the US International Development Finance Corporation (DFC).
The insurer, a subsidiary of Canadian insurer Fairfax Group, is using the DFC reinsurance to help it cover property at least 100 kms from the front line for damages of up to 100 million hryvnias ($2.5 million) per object, said ARX Deputy CEO Maksim Mezhebitsky.
Ukraine's Ministry of Economy and the Ukrainian-Korean Business Council (UKBC) have signed a memorandum of cooperation to deepen institutional collaboration and boosting private sector engagement between the two countries.
South Korea's diversified investment corporation Itoxi Corp has signed a memorandum of long-term cooperation with Ukrainian company City One Development to take part in the construction of two glass plants in the war-torn country.
Enterprise Ireland is "assessing potential future opportunities" for Irish firms in Ukraine's $500 billion reconstruction and recovery efforts, the Irish state economic development agency told the Irish Independent.
Polish financial holding company Getin Holding said on Tuesday it has received approval from the National Bank of Ukraine to indirectly sell Idea Bank Ukraine to local businessman Sergiy Tigipko, owner of TAS Group, one of the largest financial and industrial groups in the country.
The following news article was produced in a partnership between Ukraine Rebuild Newswire and top 10 global law firm CMS. Much of the article is based on CMS' "Prosthetics Market in Ukraine" report, available here. Some 60,000 Ukrainians have lost limbs in three years of war,
Today's Contents Reporter's Notepad: * Riley Risk recommends companies in east prepare contingency plans amid heavy fighting, possible Ukrainian territory loss Just The Facts: * Ukraine to ask EU to delay introducing carbon border tax, trade envoy says * Ukraine's finance minister discusses reconstruction opportunities with Canadian
Current Regional Status Overview Region Current Risk Level Change Factor Key Triggers North MODERATE Degrading Incursion into Sumy Oblast East HIGH Degrading Tactical Disadvantages / Land South HIGH Degrading RU Offensive ZP / KHER West MODERATE No Change Missile / Drone Strikes Current Infrastructure Status Energy Food/Water Medical Communications Transportation ONLINE ONLINE
Ukraine's Economy Ministry is preparing an official request to the European Commission to start formal talks on postponing the introduction of the Carbon Border Adjustment Mechanism (CBAM) for the war-torn country, The Odessa Journal reported on Wednesday, citing Ukraine's Deputy Minister of Economy and Trade Representative
