Business news from Ukraine

Business news from Ukraine

Components of state budget expenditures in 2021-2024, UAH billion

Components of state budget expenditures in 2021-2024, UAH billion

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New Ukrainian ambassador to Hungary has been appointed

Doctor of sciences, deputy of the Zaparpattya regional council, Ukrainian serviceman Fyodor Shandor has been appointed ambassador of Ukraine to Hungary.
“To appoint Fyodor Fedorovych Shandor as Ambassador Extraordinary and Plenipotentiary of Ukraine to Hungary,” reads the text of Ukrainian President Volodymyr Zelensky’s decree No. 876/2024 of December 21, published on the Ukrainian head of state’s website on Saturday.

 

Zelensky appointed new ambassadors

Ukrainian President Volodymyr Zelenskyy has signed decrees appointing Yuliya Fediv as Ukraine’s ambassador to the Republic of Filipina, Vyacheslav Yatsyuk as Ukraine’s ambassador to the Republic of Rwanda, and Vasyl Gamyanin as Ukraine’s ambassador to the Democratic Republic of Congo.
The corresponding decrees No. 874/2024, 873/2024 and 878/2024 of December 21 were published on the website of the head of the Ukrainian state on Saturday.
Before that, Zelensky dismissed Gamyanin from the post of Ukraine’s ambassador to Indonesia and from the post of Ukraine’s representative to the Association of Southeast Asian Nations, which he held part-time. The head of state also dismissed Ukraine’s ambassador to Rwanda Andriy Pravednik from his post.
Yatsyuk was Ukraine’s ambassador to Norway in 2016-22, was previously director of the Foreign Ministry’s political department, and headed a working group in the OSCE. Fediv was previously head of the Ukrainian Cultural Foundation (UCF), and her candidacy for Ukraine’s minister of culture was under consideration.

 

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KYT Group to expand its range of services with investment services

The FinTech company KYT Group, whose flagship activity is currency exchange, announced the launch of the investment division KYT Invest, the company’s press release said on Thursday.

“The creation of KYT Invest was a logical continuation of the group’s activities in providing clients with consultations on the development of customized individual investment strategies. The development of the investment direction reflects the large-scale transformation and scaling of the group’s business, including the expansion of the range of financial services, the launch of new digital products and services,” it said.

As noted by the company, the key mission of KYT Invest is to make investing transparent, profitable and accessible.

“The investment direction of KYT Invest will expand the range of financial services for the group’s clients and create unique opportunities to invest in reliable instruments for preserving savings, managing private capital and receiving investment income with a trusted partner,” the publication notes.

The company indicates that the investment division will offer clients modern, profitable solutions for managing capital and increasing savings, in combination with FinTech solutions. It is specified that the KYT Invest product portfolio, in addition to classic instruments, will include innovative solutions, including smart contracts based on blockchain technologies and tokenized investment assets.

“A wide national network of more than 90 representative offices of KYT Group in 29 major cities of Ukraine will allow a wide range of investors of various profiles to gain access to modern instruments for managing capital and increasing it,” the release emphasizes.

It is noted that the investment services and products of KYT Invest will be further integrated into the mobile application KYTApp, the release of which is planned for the near future. The company informs that the first official presentation of KYT Invest took place in London in early December.

https://en.interfax.com.ua/news/economic/1035216.html 

 

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IC “Euroins Ukraine” for three quarters of 2024 collected UAH 474 mln of insurance premiums

Insurance company “Euroins Ukraine” (Kiev) for three quarters of 2024 collected UAH 474,1 mln of insurance premiums, which is 16,2% higher than in January-September 2023, according to the insurer’s information. According to the message, the largest share in premiums traditionally occupied by MTPL – 65% (UAH 306,6 mln), health insurance (VMI) – 18% (UAH 85,4 mln), CASCO – 10% (UAH 45,5 mln).

The volume of indemnities paid to the clients of “Euroins Ukraine” for nine months of 2024 increased by 27.7%, up to UAH 240.4 mln. On average the company paid about UAH 1,1 mln per day.

IC “Euroins Ukraine” is a universal insurance company operating in the Ukrainian market since 1992. It is a part of Bulgarian insurance group Euroins, which is one of the largest independent insurance groups operating in the countries of Central, Eastern and South-Eastern Europe. EIG is a subsidiary of Eurohold Bulgaria, a leading energy and financial group of Central, Eastern and South-Eastern Europe.

 

 

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State budget financing, % of GDP

State budget financing, % of GDP

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