Business news from Ukraine

Business news from Ukraine

State Mortgage Institution has again announced tender for insurance with budget of UAH 1 million

The State Mortgage Institution (SMI) on October 22 announced a tender for insurance of real estate for residential purposes (apartments), transferred to financial leasing (2047 units), reported in the e-procurement system Prozorro.
The expected cost of purchase of services is UAH 1 million. Tender security is UAH 30 thousand. Tender offers are accepted until October 31. As reported, the winner of a similar tender a year earlier was IC “Ultra Alliance”, before that – IC “Universalna”.

 

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Rating of leaders of insurance market of Ukraine by collected premiums is presented

Leaders of the insurance market of Ukraine by collected premiums in January-August 2024 became insurance companies SG “TAS” (UAH 3,056 billion), “ARKS” (UAH 2,801 billion), “Unica” (UAH 2,564 billion), “INGO” (UAH 2,223 billion) and IC “VUSO” (UAH 2,197 billion), according to the website of the National Association of Insurers of Ukraine (NASU). It is noted that there have been no changes in the top 5 leading companies of Ukraine compared to 7M. 2024 did not occur.
In the top-5 in the market of compulsory motor liability insurance on collected premiums there were no changes and according to the results of eight months are leading SG “TAS” (UAH 913.6 mln), “Oranta” (UAH 874.2 mln), “Knyazha VIG” (UAH 669 mln), “ROM” (UAH 414.1 mln) and “VUSO” (UAH 286.8 mln).
The leaders in the Green Card market in terms of premiums collected during the period are TAS (UAH 891.7 mln), USG (UAH 484.2 mln), Knyazha VIG (UAH 425.6 mln), ROM (UAH 362.4 mln) and Oranta (UAH 284.8 mln) (no changes).
There are also no changes in the CASCO market: as before, it is headed by IC “ARKS” (UAH 1.517 billion), “Arsenal Insurance” (UAH 1.228 billion), “Unica” (UAH 721.6 million), “VUSO” (UAH 625.7 million) and “USG” (UAH 575.3 million).
At the same time there have been slight changes among the leaders in voluntary health insurance: the leader, as before the top-5 in this segment, is IC “Unica” (UAH 1,078 billion), followed by IC “Universalna” (UAH 594,1 million), IC “VUSO” (UAH 547,6 million) has risen from the 4th to the 3rd position, swapping with IC “INGO” (UAH 490,3 million). SG “TAS” (UAH 366,5 mln) has moved up to the fifth position instead of IC “ARKS”.
In September 2024 there were no changes in the leaders in the life insurance market. As before, the first position is occupied by IC “MetLife” (UAH 1.730 billion), IC “TAS” (UAH 447.9 million), “Grave Life” (UAH 364.3 million), “Unica Life” (UAH 284.5 million) and “ROM Life” (UAH 247.4 million).
As reported, as of the end of August 2024, 66 risk insurers operate in the insurance market of Ukraine, 11 specialize in life insurance, one – with a special status (“Export Credit Agency”, ECA).

 

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Spain is against idea of creating migrant detention centers in third countries

The Spanish government opposes the establishment of migrant reception centers outside the European Union in third countries. A similar idea was put forward by the Italian government, which opened two such facilities in Albania. Migration is being actively discussed at the EU summit in Brussels.

Immigration is the main topic of the European Union summit in Brussels.

The government of Pedro Sanchez brought “no” votes in a suitcase to the capital of the bloc.

Spain unequivocally opposed the proposal to create migrant detention centers in third countries outside the EU to transfer people who have illegally entered the bloc.

The proposal put forward by the Italian government of Meloni, which is currently under consideration by the European Commission, enjoys the support of the majority of member states.

This is despite the fact that Spain, one of the countries on one of the main migration routes from Africa to Europe, has been experiencing a serious migration crisis for several months now, forcing the government to organize temporary refugee accommodation centers in hotels across the country.

According to the Center for Public Opinion Research (CIS), illegal migration has become the main issue of concern for Spaniards this summer. This was stated by every third respondent. Only two months ago, it was only in fourth place.

Source: http://relocation.com.ua/ispaniia-proty-idei-stvorennia-tsentriv-utrymannia-mihrantiv-u-tretikh-krainakh/

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Prosecutor General of Ukraine resigns

Prosecutor General Andriy Kostin has announced that he is resigning from his post because he bears political responsibility for the situation with fake disabilities for prosecutors.
“I believe that the position of President of Ukraine Volodymyr Zelenskyy is absolutely correct that not only should all unlawful decisions on granting disabilities, relevant pension and other accruals be canceled, there should be not only clear legislative and organizational changes, but also personal responsibility. In the middle of them, political responsibility,” Kostin said in a message on his Telegram channel on Tuesday.
He added: “I am grateful to the President of Ukraine and the Verkhovna Rada of Ukraine for their trust. But in this situation, I consider it right to announce my resignation from the post of Prosecutor General.”
According to Kostin, on Tuesday, the President of Ukraine held a meeting of the National Security and Defense Council “regarding the obviously immoral situation with fake disabilities of state officials.”
“Currently, inspections are underway at all levels of the state, and criminal proceedings are being investigated. Many shameful facts of abuse have been established in the system of prosecutor’s offices of Ukraine,” he said.

Source: https://interfax.com.ua/

At BRICS summit, Modi called for speedy resolution of conflict in Ukraine

During his meeting with Russian President Vladimir Putin at the BRICS summit in Kazan, Indian Prime Minister Narendra Modi emphasized the importance of achieving peace in Ukraine as soon as possible. He said that India supports efforts to restore stability and favors a peaceful resolution of the conflict.

The three-day summit, which began on October 22, was the largest international event in Russia since the outbreak of hostilities in Ukraine. Amid heightened security measures, Putin is using the meeting to strengthen diplomatic ties and promote the idea of resisting Western influence.

Modi noted that New Delhi is in constant contact with Russia on the conflict and is committed to finding peaceful solutions. Putin, for his part, praised the strategic partnership with India and expressed his readiness to develop it further.

India, balancing the interests of Kyiv and Moscow, provided humanitarian aid to Ukraine without directly condemning Russia’s actions. This year, Modi has already visited both Kyiv and Moscow in an effort to stimulate negotiations. India is also seen as a potential mediator in resolving the conflict.

The BRICS summit was attended by about 20 world leaders, including Chinese President Xi Jinping, Turkish President Recep Tayyip Erdogan, and UN Secretary-General Antonio Guterres. An important topic of the meeting was the idea of creating an alternative payment system that could replace SWIFT, which was disconnected from the Russian economy.

Confrontation with the West and the BRICS’ internal policy

Although the United States denies that BRICS is a geopolitical rival, Washington is concerned about Russia’s attempts to increase its influence amid the conflict. In 2023, the International Criminal Court issued an arrest warrant for Putin for deporting children from Ukraine, which limited his international travel.

Russia presents the BRICS summit as a diplomatic success, proving that the West has failed to isolate Moscow. This year, Russia has not only strengthened its position in eastern Ukraine, but also strengthened relations with countries such as China, Iran, and North Korea.

During his talks with Modi, Putin said that at the summit in Kazan, the leaders should make important decisions to improve the organization’s activities. During the event, the Russian president will also meet with other world leaders, including Xi Jinping and Erdogan, and talks with Guterres are scheduled for Thursday.

Security and challenges of the summit

Due to the increased frequency of drone attacks and Kazan’s proximity to Ukraine, security measures have been significantly tightened. Residents are advised to stay at home, and students have been temporarily evicted from their dormitories. Traffic in the center of Kazan is also restricted.

The West fears that through BRICS, Russia will be able to promote its ideas and increase its influence in the world. Ukrainian President Volodymyr Zelenskyy has expressed concern that if Russia is successful, other countries may follow suit in using force to resolve conflicts.

The BRICS, established in 2009, has gradually expanded to include countries such as South Africa, Iran, and Egypt. However, there are differences within the bloc, especially between India and China. Turkey, a NATO member, recently expressed its desire to join the BRICS, adding new diplomatic challenges. Meanwhile, Brazilian President Lula da Silva canceled his trip to the summit due to a head injury, which also became an unexpected factor in the event.

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DCH Group increased tax payments by 14.5% in 9 months

In January-September of this year, businessman Alexander Yaroslavsky’s DCH Group increased its payments to the budgets of all levels by 14.5%, or UAH 210 million, compared to the same period last year, to more than UAH 1.65 billion.

According to the PR department of DCH, the total amount of taxes paid by the group’s companies since the beginning of Russia’s full-scale invasion has reached almost UAH 5.5 billion.

It is specified that the main increase in tax payments compared to 9 months of 2023 was provided by JSC Bank Credit Dnipro – by UAH 95 million, Kharkiv Tractor Plant (HTZ) – by UAH 32 million, and ORANTA Insurance Company – by UAH 70 million.

It is also reported that in particular, in January-September 2024, DMZ reduced the production of rolled metal products by 56.9% compared to the same period last year, while the production of metallurgical coke decreased by 0.4%.

In the first 9 months of 2024, Sukha Balka Mine commissioned 8 new blocks with total reserves of 906 thousand tons of ore.

Since the beginning of Russia’s full-scale invasion of Ukraine, KHARTSYZSK PIPE has been in the war zone and the plant’s territory has been under constant shelling. Nevertheless, KHARTSYZSK PIPE continues to maintain production, electricity, gas and water supply to the plant and the city area, and continues to produce machinery for agriculture and the country’s critical infrastructure.

In June of this year, Bank Credit Dnipro, together with the Independent Association of Banks of Ukraine and 18 major commercial banks, signed a memorandum of bank lending for energy infrastructure rehabilitation projects, which is dictated by the country’s strategic need to ensure energy independence.

A significant challenge for manufacturing companies is the outflow of personnel, in particular due to the mobilization of personnel. Since the beginning of the war, 465 employees of Sukhoi Balka and 268 employees of DMZ have joined the Armed Forces of Ukraine. The companies’ operations are also affected by periodic power outages, when they have to reduce or stop production completely.

Today, DCH Group employs over 7.6 thousand people. 912 employees of the group serve in the Ukrainian Armed Forces, 55 of those who joined the ranks of the Armed Forces were killed.

DCH Investment Management is a financial and industrial group of companies that manages investments in ore mining and metallurgy, machine building, real estate, insurance, banking and hospitality.

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