Business news from Ukraine

Business news from Ukraine

International insurance brokers Oakeshott and LMIS signed cooperation agreement in Ukraine

International insurance broker Oakeshott Insurance Group Ltd (OIG), broker Lloyd’s of London, and London Marine Insurance Services Ltd (LMIS) signed a cooperation agreement in Ukraine on November 9, according to a press release from Oakeshott.

“Due to internal changes in the business, intending to specialize mainly in insurance and reinsurance of marine risks, cargo and energy, Internet insurance and at the request of our colleagues in Kyiv, we reached an understanding with London Marine Insurance Services Ltd. Our Kyiv colleagues, contract reinsurers will join LMIS and take care of Oakeshott’s Ukrainian contract reinsurance clients.

According to the press service, Oakeshott will continue to be liable for contracts, and asks to put it in copies of all correspondence until LMIS is fully operational, and all obligations under previously concluded contracts are, by law, removed from Oakeshott.

According to the announcement, Oakeshott London/Valencia will develop its usual specialized operations: direct marine, cargo, energy insurance and all types of facultative reinsurance from different countries (the broker now operates in 22 countries).

“In Ukraine, we will work with our maritime clients, a number of whom have been friends with us since the early 1990s. We will also develop online sales operations,” the report says.

Broker Oakeshott, registered in the UK in 1993, has had a representative office in Ukraine since 2000

Earlier it was reported that on November 11, the National Bank of Ukraine entered a representative office of London Marine Insurance Services Limited into the State Register of Insurance and Reinsurance Brokers.

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Second scientific and practical seminar on vintage drinks was held in “Experts Club”

On Saturday, November 7, on the basis of the analytical center “Experts Club” with the assistance of the public association “Ukrsadvinprom” and the charitable foundation “Reconstruction and Development of Ukraine”, the second scientific and practical seminar-tasting of vintage drinks aged from 20 to 80 years was held. The seminar was attended by representatives of the Ukrainian wine industry, retail, media, and other experts.

At the seminar, Igor Magalyas, an expert collector of vintage alcoholic beverages, introduced the participants to the most popular varieties of Ukrainian and European vintage wines, brandy and other drinks aged up to 80 years. Ukrainian products were presented at the conference by such brands as Sherry Massandra 1983 and Black Doctor 2007. Of the foreign alcoholic brands, Curasao liqueur from the 1950s, the rare sherry brandy Hispano from 1870 and another Spanish drink Ponche Rives from 1978 received the highest ratings from the participants. In total, the participants of the seminar evaluated 15 different vintage drinks.

According to Igor Magalyas, all products presented at the seminar are in the budget price segment and their cost does not exceed the cost of modern branded alcohol on the shelves of Ukrainian supermarkets.
“Most of the drinks presented here were purchased by collectors in Europe at auctions or at sales of private collections. At the same time, they have a number of taste and quality advantages over more modern drinks that can be freely bought at retail outlets, even if it is the same brand,” he said.

According to the expert, the fact is that in the 80-90s of the last century, the automation of alcohol production, introduced in order to increase the volume of products sold, had a negative impact on the quality of wine and distilled drinks.

“In particular, in my opinion, the ability of the same brandies to improve their palatability as they age after bottling was practically lost. In other words, if we open a bottle of good brandy from 1970 today, then such a drink will have a much richer flavor bouquet than if we opened a bottle of the same brandy 30 years later, but, say, 2020 bottling,” Igor explained Magalyas.

The organizer of the seminar Maxim Urakin, in turn, emphasized the importance of developing the vintage drinks market in Ukraine and popularizing the culture of drinking them.

“Each bottle of such wine or brandy has its own history; it is a rather rare, almost unique product, but at the same time it is quite affordable and popular in Europe. If we add up the age of drinks at today’s tasting, we get an impressive figure of more than 700 years of the total age of drinks, which also makes our event unique,” ​​he stressed.

Vintage (milezim) – in winemaking means the year of ripening of the harvest of a certain grape variety from which wine, brandy, cognac or other drink based on it is produced. This indicator is important in determining the characteristics of the drink, since weather and climate conditions change every season, which can both positively and negatively affect the organoleptic characteristics of drinks of the same brand.

“Experts Club” is an analytical center engaged in research in the field of economics, sociology and other scientific disciplines. In particular, with the assistance of the Club of Experts, several events were held last year to promote domestic winemaking products.

Public Union “Ukrsadvinprom” acted as a partner of the seminar and tasting. “Ukrsadvinprom” unites about 200 producers of fruits, berries, nuts and grapes, enterprises engaged in the processing of fruits and berries, wine production, as well as scientific institutions for the introduction of new scientific approaches to production.

Charitable Foundation “Reconstruction and Development of Ukraine” carries out extensive volunteer activities. In particular, with the support of the rector of KNUCA (KNUBA) Petr Kulikov, the fund will soon hand over a modern mobile hospital. The head of the fund is Artem Goncharenko.

Organizers will send part of the proceeds from the event to purchase a mobile hospital.

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Ukraine simplifies the import of generators and other power equipment

The Cabinet of Ministers, at a meeting on November 16, 2022, adopted a resolution simplifying the import of generators and other power equipment to Ukraine.

“The new regulation on importation into the customs territory of Ukraine temporarily (until the termination or cancellation of martial law and for the next 90 calendar days) provides for not applying to such goods the requirement for a declaration of conformity and marking with a mark of compliance with technical regulations,” the Ministry’s website says. economy on Thursday.

The document complements six previous Cabinet of Ministers resolutions on the approval of certain technical regulations, the effect of which may apply to the relevant goods.

“The adoption of the resolution will help to meet the needs of the domestic market with equipment for the restoration and stabilization of electricity and gas supply to consumers, which is caused by challenges in the energy sector in the context of martial law in Ukraine,” explained First Vice Prime Minister – Minister of Economy Yulia Sviridenko, whose words given on the site.

Earlier, the Cabinet of Ministers exempted generators, batteries and other equipment from import duties and VAT, helping to improve energy supply.

“However, at customs, importers faced problems with clearance of such goods. The current resolution should eliminate these inconsistencies,” the Ministry of Economy stressed.

In Ukraine, the cost of “Green Card” policies has increased

The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has increased tariffs for Green Card policies for those traveling abroad by 6.9% since November 17, 2022, according to the Bureau’s website.

According to the MTIBU, the last change in tariffs was on October 3, 2022 downward by 5.5%, and before that (July 26) – upward by 26.3%.

Green Card policies have been implemented since 2009 in two types: all of Europe, Moldova. Also, from January 1, 2016, Ukrainian Green Card policies began to operate on the territory of Azerbaijan.

According to the MTIBU, the cost of a “Green Card” in Ukraine for 15 days for trips around Europe for cars rises to UAH 923 (previously – UAH 863), for buses – up to UAH 3,469 thousand (UAH 3,244 thousand), for trucks – up to UAH 2,178 thousand (UAH 2,037 thousand).

The cost of the “Green Card” for one month for cars is now UAH 1,470 thousand (against UAH 1,375 thousand earlier), buses – UAH 4,818 thousand (UAH 4,506 thousand), trucks – UAH 2,891 thousand (UAH 2,703 thousand). ).

Semi-annual and annual “Green Card” policies for cars will now cost 6,525 thousand rubles. hryvnia and UAH 8.079 thousand, respectively, for buses – UAH 16.866 thousand and UAH 31.323 thousand, for trucks – UAH 13.685 thousand and UAH 25.829 thousand.

The cost of policies for trips to Azerbaijan and Moldova for cars for 15 days will be UAH 672 (previously UAH 629), for one month – UAH 989 (UAH 925), for six months – UAH 2,268 thousand (UAH 2,121 thousand), for a year – UAH 3,230 thousand. (UAH 3,102 thousand)

The amounts of unified insurance payments under international compulsory civil liability insurance contracts for owners of land vehicles are established by the Resolution of the Cabinet of Ministers dated January 6, 2005 and are defined in euros.

“Green Card” – a system of insurance protection for victims of a traffic accident, regardless of their country of residence and the country of registration of the vehicle. The “Green Card” covers the territory of 44 countries of Europe, Asia and Africa.

According to the decision of the General Assembly of the Council of Bureaux of the International Motor Insurance System “Green Card”, adopted in Luxembourg in May 2004, Ukraine has been a full member of this system since January 1, 2005.

President of the European Council welcomes the extension of the Black Sea Grain Initiative

The President of the European Council, Charles Michel, supported the decision of the participants of the Black Sea Grain Initiative to extend the deal.

“I applaud the expansion of the Black Sea Grain Initiative. With 10 million tonnes of grain already exported from Ukraine through this initiative, this is good news for a world in dire need of access to grain and fertilizer,” Michel tweeted on Thursday.

At the same time, he highly appreciated the constant efforts of the United Nations in this direction, as well as its Secretary General António Guterres personally.

Earlier, Minister of Infrastructure of Ukraine Oleksandr Kubrakov said that the initiative for the safe transportation of agricultural products by the Black Sea was extended for another 120 days, the UN and Turkey remained guarantors of implementation.

According to Guterres, the grain initiative is needed to reduce food and fertilizer prices, as well as to prevent a global food crisis. He also stressed that the UN “is committed to work to remove obstacles to the export of food and fertilizers from Russia.”

In Istanbul on July 22, with the participation of the UN, Russia, Turkey and Ukraine, two documents were signed on the creation of a corridor for the export of grain from three ports on Ukrainian territory – Chornomorsk, Odessa and Yuzhny.

Mining enterprises of Ukraine in January-October significantly reduced the export of iron ore

Mining enterprises of Ukraine in January-October of this year reduced the export of iron ore raw materials (IORM) in kind by 38.9% compared to the same period last year – up to 22 million 436.474 thousand tons.

According to statistics released by the State Customs Service (STS), over the specified period, foreign exchange earnings from the export of iron ore decreased by 56.2% – to $2 billion 768.743 million.

During the specified period, IORM was imported to Ukraine for $42 thousand in a total volume of 74 tons, while in January-October 2021 – for $160 thousand in a total volume of 1.175 thousand tons.

As reported, Ukraine in 2021 reduced the export of iron ore raw materials (IORM) in physical terms by 4.2% compared to 2020 – up to 44 million 357.727 thousand tons, but increased revenue by 62.8% – up to $6 billion 899.816 million The export of iron ore was carried out mainly to China (41.90% of supplies in monetary terms), the Czech Republic (9.65%) and Poland (7.99%).

Last year, IORM was imported to Ukraine for $184 thousand in a total volume of 1.202 thousand tons, while in 2020 123 tons of iron ore for $75 thousand were imported. Imports for 2021 were carried out from Egypt (55.98%), the Netherlands ( 21.2%) and Poland (7.07%).

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