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VIG companies will donate EUR 5 million to support Ukrainian families, EUR 250 thousand – from Baltics

3 Mar 2022
All news

VIG companies will donate EUR 5 million to support Ukrainian families, EUR 250 thousand – from Baltics

3 Mar 2022

Vienna Insurance Group (VIG) has decided to donate EUR 5 million to support Ukrainian families which have been affected by war. VIG companies in Baltics – “BTA Baltic Insurance Company”, “Compensa Vienna Insurance Group” and “Compensa Life Vienna Insurance Group” – will donate 250 000 EUR. 

Immediately after the war in Ukraine began, VIG has started to set up a team to coordinate supporting activities with colleagues from our Ukrainian companies. The VIG Management has additionally set up a VIG Family Fund with EUR 5 million as a basis and has invited all VIG Group companies and employees to contribute to this fund. The goal of the fund is to support directly affected families of our Ukrainian companies. All VIG companies in Baltics – “BTA Baltic Insurance Company”, “Compensa Vienna Insurance Group” and “Compensa Life Vienna Insurance Group” – are with the people of Ukraine and the 1400 Ukrainian colleagues in these dark hours and will donate 250 000 EUR to the VIG Family Fund. 

BTA Chairman of the Management Board Wolfgang Stockmeyer says: “We are all deeply affected that in the midst of our VIG Group, we have to witness that people of our Group are directly involved in a war in Europe. We are carefully following the situation in Ukraine and information in local and international media. We are standing together with all the people of Ukraine and deeply sympathize with those who have lost loved ones or who had to leave their homes because of the war. We are also ready to provide direct and practical help to colleagues whose family members are in Ukraine and who are currently in need of assistance.” 

In the meantime, Deividas Raipa, Chairman and CEO of Compensa Vienna Insurance Group, says that his team is proud to be part of the Vienna Insurance Group and support a joint and unified initiative to help the people of Ukraine. 

"We, Lithuanians, Latvians, Estonians, have historical experience and a memory that allows us to understand very well the pain that Ukrainians are now experiencing. Our whole team is convinced that to help Ukraine is our duty. We are well aware that there is a great need in Europe today for unity, focus, and support, especially for the people of Ukraine. Therefore, without much hesitation, we have decided to contribute to the fund set up by the Vienna Insurance Group," said Deividas Raipa, Chairman and CEO of Compensa Vienna Insurance Group. 

"Russia's military aggression against Ukraine is shocking and incomprehensible. We cannot just keep an eye on what is happening, we feel obliged to help and support the people of Ukraine in their heroic struggle for freedom. We wish the employees of Vienna Insurance Group companies in Ukraine and all Ukrainian people strength and endurance,” shares Olga Reznik, Chairman of the Managing Board of Compensa Life Vienna Insurance Group. 

About Vienna Insurance Group
Vienna Insurance Group Wiener Versicherung Gruppe (VIG) is the leading insurance group both in Austria and in the entire Central and Eastern European (CEE) region. Around 50 insurance companies in 30 countries form a Group with a long-standing tradition, strong brands and close customer relations. The more than 25 000 employees in the VIG take care of the day-to-day needs of more than 22 million customers. VIG shares have been listed on the Vienna Stock Exchange since 1994. The VIG Group has an A+ rating with stable outlook by the internationally recognised rating agency Standard & Poor's. VIG cooperates closely with the Erste Group, the largest retail bank in Central and Eastern Europe. 

Additional information:
Elīna Zvejniece
Marketing and Public Relations Department Director
BTA Baltic Insurance Company AAS
e-mail elina.zvejniece@bta.lv

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