Business news from Ukraine

Business news from Ukraine

Turkey has allocated Ukraine one thousand licenses for transportation to/from third countries

Turkey has allocated Ukraine the last package of 1 thousand licenses for transportation to / from third countries in accordance with the agreement reached at the end of 2023, said the Deputy Minister of development of communities, territories and infrastructure Sergiy Derkach.
“Plus 1 thousand permits from Turkey for transportation to/from third countries. Ukrainian carriers can continue to perform transportation to / from third countries with Turkey. The corresponding forms of permits are already in “Ukrtransbezpek” and are available for ordering,” Derkach wrote on Facebook on Wednesday.
According to him, the permits were issued in accordance with the agreement that was reached at the end of 2023, which will allow to close the need before the end of the year.”
“I will remind you that earlier this year, for the first time since 2018, we managed to agree with Turkey to increase the number of such permits by 40% – up to 3,500,” Derkach wrote, indicating that the market has already used 2,500 permits.
The Deputy Minister recalled that bilateral and transit traffic between Ukraine and Turkey do not require permits, as freight traffic between the countries is liberalized. “Visa-free” will be valid at least until the end of martial law.

 

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Croatian Prime Minister Plenkovic assured of continued support for Ukraine

Croatian Prime Minister Andrej Plenkovic, during the opening of the Ukraine-Southeast Europe summit in Dubrovnik, assured continued support for Ukraine, which is suffering from Russian aggression.
“Today I want to focus on three points. The first is Croatia’s continued assistance to Ukraine, the second is the relations of Southeast European countries with Ukraine, and the third is why Ukraine, which is suffering from Russian aggression, matters to the world and how we behave in the international community,” he said during his opening remarks at the Ukraine – Southeast Europe summit in Dubrovnik on Wednesday.
Prime Minister pointed out that the total amount of aid to Croatia since February 2022 amounted to about 300 million euros. In addition, Croatia has received about 30 thousand Ukrainian refugees, as well as Ukrainian wounded soldiers, who are being rehabilitated in centers for veterans and specialized hospitals.
“In this context, President Zelenski and I signed an agreement on long-term cooperation and support between Croatia and Ukraine, which lays the foundation for our relations for many years to come, and its content is in line with what we believe we can best contribute,” Plenkovic emphasized.
According to him, “it is a natural reflex of Croatia, as a country that in the past survived aggression and war with much less international assistance, to stand today next to a country that defends the same values of freedom, democracy and peace.”
“We believe this is the right thing to do, and I am proud that today we are all gathered to reaffirm our joint support for Ukraine,” Plenkovic said.
The prime minister noted that Ukraine supported Croatia in 1991, becoming one of the first countries to recognize Croatia internationally, its independence, and provided the country with military equipment and weapons.
“Today Croatia supports Ukraine with equal strength and assistance,” Plenkovic emphasized.

 

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30% of officials “made mistakes” in their declarations, on average, by UAH 15 million

Every tenth declaration was subsequently corrected

1,246,435 declarations were filed by September 11, 2024, according to the National Agency for the Prevention of Corruption. The number of corrected documents has almost doubled compared to last year.

As of mid-September, the number of all declarations (1.2 million) is already 2.8 times higher than in the same period in 2023, when there were 445 thousand. More than 134 thousand, or 11% of the submitted declarations were subsequently corrected.

This year, the NACP has started verifying 734 declarations of officials. In half of them – 392 cases – the checks have already been completed.

Among the fully examined declarations, 46% contain violations totaling UAH 1,856.1 million. In general, all errors are related to incorrectly stated amounts in the declarations. The difference is in the amount of inaccuracies: the amounts were less or more than 500 subsistence minimums.

In 30% of all audited declarations, the data totaling UAH 1,808.7 million were incorrect (Article 366-2 of the Criminal Code). On average, officials “made a mistake” in each such declaration by UAH 15.2 million.

In another 16% of the audited declarations, officials made mistakes, on average, by UAH 790 thousand per declaration (part 4 of Article 172-5 of the Code of Administrative Offenses). In total, such errors amounted to UAH 47.3 million.

The amount of errors was less than UAH 268 thousand or up to 100 subsistence minimums in every second audited declaration.

Only 1 declaration out of all those checked had no violations.

In some cases, the declarations violated 2 articles at once. 7 declarations also have signs of illicit enrichment totaling UAH 146.3 million (Article 368-5 of the Criminal Code). In another 8 documents, officials could not explain the origin of money in the amount of UAH 30.1 million (Article 290 of the Civil Procedure Code).

https://opendatabot.ua/analytics/fault-declaration-2024

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Population structure of Ukraine (data from Ukrainian institute of future)

Population structure of Ukraine (data from Ukrainian institute of future)

Open4Business.com.ua

“European Travel Insurance” will pay almost UAH 100 mln of dividends

The insurance company “European Travel Insurance” (ETS, Kiev) will allocate UAH 95 million of retained earnings received for 2015-2021 (except 2019) for the payment of dividends. As the company reported in the information base of the NCSSM, such a decision was made at the general meeting of shareholders on September 30, 2024.

Thus, for the payment of dividends will be directed 3.895 million UAH of retained earnings of the company received for 2015, 7.655 million UAH – for 2016, 15.473 million UAH – for 2017, 16.1 million UAH – for 2018, 14.7 million UAH – for 2020 and 37.2 million UAH – for 2021.

Part of the profit for 2021, which is not directed to the payment of dividends according to this decision and is not directed to increase the authorized capital according to the minutes of the general meeting on April 27, 2023, will remain undistributed.

The message also specifies that dividends will be paid directly to shareholders from September 30, 2024 to March 30, 2025.

As reported, IC “European Travel Insurance” was founded in 2006. It occupies one of the leading positions in the travel insurance market of Ukraine. The company is a part of non-banking financial group “Euroinsurance Group”.

In 2023 it collected insurance premiums in the amount of UAH 151,2 mln, which is almost the same as a year earlier, having finished 2023 with net profit in the amount of UAH 12,937 mln.

 

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Insurer BUSIN has reduced amount of planned dividends

On October 2, shareholders of the insurance company Busin (Kyiv) decided to change the size of previously approved dividends for 2023 to UAH 12.043 million from UAH 15.999 million. The company announced this in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM).

Dividends will be paid directly to shareholders with the calculation of UAH 49.36 per share.

As reported, the shareholders of IC Busin at the meeting on May 3, 2024 approved the profit of 55.218 million UAH for 2023 and the decision to direct to the payment of dividends of 15.999 million UAH, and 39.219 million UAH to remain undistributed.

Earlier, the company’s shareholders allocated UAH 13.6 million for dividend payments in 2022, UAH 11.4 million in 2021, and UAH 16 million in 2020.

According to the data of NCSSM as of the second quarter of 2024, the shareholders of the insurer are Larisa Nepochatova and Alexey Ovchinnikov (25% each), Alexander Nepochatov (24,99%), Denis Ovchinnikov and Ivan Ovchinnikov (12,495% each),

IC Busin was registered in February 1993. It specializes on risk types of insurance. It is a member of a number of professional and industry associations: League of Insurance Organizations of Ukraine, National Club of Insurance Payouts, International Association of Aviation Insurers (UA), Nuclear Insurance Pool, American Chamber in Ukraine, British Business Club.

 

 

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