Business news from Ukraine

Business news from Ukraine

SK “Guardian” will insure motor transport of “Ukrkhimtransammonia”

On May 12, Ukrkhimtransammiak (Kyiv) announced its intention to conclude a tender agreement with Guardian Insurance Company (Kyiv) for compulsory motor third-party liability insurance for owners of land vehicles (OSAGO). According to the Prozorro electronic procurement system, the company’s bid was UAH 202,409 thousand against the expected cost of services of UAH 350,780 thousand.

The tender was also participated in by insurance companies Oranta with an offer of UAH 202,410 thousand and Kraina with an offer of UAH 242,4 thousand.

SK Guardian has been operating in the insurance market since 2007. According to the NBU, it is one of the top 15 risk insurance companies in Ukraine in terms of premiums collected in the first nine months of 2024.

It is a member of the presidium of the League of Insurance Organizations of Ukraine. Since January 2020, it has been a full member of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) and is authorized to issue Green Card policies.

As reported, Guardian Insurance Company won a similar tender a year ago.

 

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May 18-19, rain throughout Ukraine

Moderate rain is expected on Sunday, May 18, in the eastern and northeastern regions of Ukraine, and during the day in the Carpathian region, with light rain in some areas and thunderstorms in others, according to the Ukrainian Hydrometeorological Center.
The wind will be southwesterly and westerly, 7-12 m/s, with gusts of 15-20 m/s in the Carpathians during the day. Nighttime temperatures on the right bank will be 4-9°C, on the left bank 8-13°C; daytime temperatures will be 12-17°C, in the southeast of the country 18-23°C.
In the Carpathians, light snow and rain at night, moderate during the day; nighttime and daytime temperatures 0-5°C.
In Kyiv on May 18, light rain in some areas. Wind from the west, 7-12 m/s. Nighttime temperatures 6-8°C, daytime temperatures around 15°C.
According to the Boris Sreznevsky Central Geophysical Observatory, in Kyiv, for the entire period of meteorological observations since 1881, the highest temperature on May 18 was in 1909 (32.1°C), and the lowest was in 1941 (3.0°C above zero).
On Monday, May 19, there will be light rain in some parts of Ukraine, with moderate rain in the afternoon on the left bank and in the southwestern part, and thunderstorms in some places.
The wind will be mainly southwesterly, shifting to northwesterly in the western regions, 7-12 m/s; during the day in the south and east of the country, gusts of 15-20 m/s are possible in some places. Nighttime temperatures will be 4-9°C, in the south and east of the country 7-12°C; daytime temperatures will be 12-17°C, in the southeast of the country up to 20°C.
In the Carpathians, there will be light snow and rain in some places at night and moderate snow and rain during the day; nighttime and daytime temperatures will be 0-5°C.
In Kyiv on May 19, there will be light rain in some places. The wind will be southwesterly, 7-12 m/s. The temperature at night will be 6-8°C, and during the day 14-16°C.

 

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Changes in consolidated budget expenditures in 2021-2023 (%)

Changes in consolidated budget expenditures in 2021-2023 (%)

Source: Open4Business.com.ua

Eurozone GDP grew by only 0.3% in first quarter, weaker than forecast

The eurozone economy grew by 0.3% in the first quarter of 2025 compared to the previous three months, according to a report by the European Union’s statistical office, which presented revised data. In annual terms, eurozone GDP grew by 1.2%.
Earlier, GDP growth of 0.4% compared to the previous quarter and 1.2% compared to the first quarter of last year was reported. Experts on average expected both estimates to be confirmed, according to Trading Economics.
In October-December last year, the eurozone economy grew by 0.2% compared to the previous quarter and by 1.2% year-on-year.
Germany’s GDP rose by 0.2% in the first quarter compared to the previous quarter, Italy’s by 0.3%, France’s and the Netherlands’ by 0.1%, and Spain’s by 0.6%.
The EU economy grew by 0.3% quarter-on-quarter and 1.4% year-on-year in the last quarter. Among EU countries, quarter-on-quarter GDP declines were recorded in Hungary (0.2%), Portugal (0.5%), and Slovenia (0.8%). Ireland showed the most active growth, at 3.2%.
This is the second estimate of the change in eurozone GDP out of three. The final data will be published on June 6.

http://relocation.com.ua/vvp-yevrozony-v-i-kvartali-zris-lyshe-na-na-03-slabkishe-za-prohnoz/

 

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It is now possible to apply for compensation for destroyed non-residential property in Ukraine

The International Register of Losses Caused by the Aggression of the Russian Federation against Ukraine has begun accepting applications for another category – damage or destruction of non-residential property, according to the website of the President of Ukraine.

“Each application submitted is not just a bureaucratic formality, but a contribution to restoring justice and a clear signal that no loss caused by Russian aggression will go unanswered,” said Iryna Mudra, deputy head of the Office of the President.

As noted, victims can file a claim for compensation for non-residential real estate destroyed or damaged after February 24, 2022. In particular, this refers to office premises, shops, warehouses, and production facilities. The relevant application can be submitted via the web portal or the Diya app.

In particular, the owner of the premises will be reimbursed for the full cost in case of destruction and the costs of repair or restoration in case of damage. At the moment, 10 categories have already been opened. In total, the Register will consist of 43 categories for compensation for material and moral damage.

“In addition to damage or destruction of non-residential real estate, this includes damage or destruction of housing, death of a close family member, forced displacement of citizens within the country due to Russian aggression, causing serious bodily injury as a result of the aggressor’s actions, cases of sexual violence committed by the occupiers, torture, cruel or degrading treatment, illegal detention, forced labor or service,” the ministry said.

The International Register of Losses is the first step towards an international compensation mechanism. The next step will be the creation of a Commission for the Examination of Applications, which will determine the specific amounts of compensation to be paid to victims. After that, a Compensation Fund will be set up to make the payments.

“A total of about 30,000 applications have already been submitted to the Register of Losses,” the head of state’s website said.

 

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Changes in revenue of the consolidated budget in 2021-2023 (%)

Changes in revenue of the consolidated budget in 2021-2023 (%)

Source: Open4Business.com.ua