Starting from October winter crops insurance in Ukraine becomes a burning issue for a few principal players in the agricultural market. We say “a few” as the high cost of this insurance product makes it unaffordable for the majority of companies in this field let alone small farms. The insurance rates are in turn driven by significant risks associated with the agricultural activities and by overall unprofitability of agriculture.

As we all know, agricultural land in Ukraine is one of our country’s main natural assets which, if used rationally, is able to drive the significant growth is the respective industry. However, currently the land’s capacity is not being used to its full extent. There are a number of factors impeding development of national agriculture. To our mind, moratorium on agricultural land for sale in Ukraine recently prolonged to January 2017 is one of the most significant ones.

In Ukraine tax rate for VAT is broken down into three categories: 20 % default rate, 0 % special rate (e.g. for export operations) and 7 % preferred rate for some kinds of operations (e.g. pharmaceuticals trade), all specified under the current Tax Code of Ukraine

Nowadays requirements set by national and international banks in Ukraine to insure pledged property serve as the significant factor driving the insurance market in our country. On the one hand, banks are interested in such kind of insurance as they eliminate the risk of loosing pledged assets. On the other hand, they benefit from the interest paid by the insurance companies. Unfortunately the interest rate has been almost doubled recently which in turn triggered the price of loans. Therefore lenders often concern themselves with the question – is it possible to stand your ground in the relationship with banks?

Liability insurance for legal professionals is relatively new product though it has caught on both in Ukraine and worldwide. Moreover, it is considered to be one of the most complicated and specific insurance products.

Ukraine business owners are usually most discontented in two major spheres which are HR management and marketing. Why does the performance of these two functions rarely meet a leader’s expectations? What gives rise to the most unfavorable criticism? I would like to share 7 tips on how to deal with these discrepancies between your expectations and reality.

In terms of insurance business opportunities in Ukraine are quite extensive given over 45 mln of population and the biggest market in Eastern Europe with low penetration of the insurance services. Latest research shows that in 2014 the share of assets of insurance companies doing business in Ukraine in the country’s GDP accounted for only 3.2 % compared to the same indicator in other countries such as Great Britain (96.5 %), the USA (45.2 %), Japan (66.9 %), France (63.0 %) etc.