Private JSC “Insurance company “Nadiyna” (Kyiv) in January-March 2023 collected gross insurance premiums in the amount of UAH 17,8 mln, which is 50,7% less than in the same period a year earlier. This is evidenced by the data in the information of RA “Standard-Rating” on updating of the company’s credit rating/rating of financial stability (reliability) of the insurer at the level uaA+ according to the national scale.
Thus premiums from individuals have amounted to UAH 0,054 m, and premiums from reinsurers have been absent. Thus, following the results of Q1 2024 the client portfolio of the insurer on gross premiums has been mainly represented by legal persons.
Insurance payments sent to reinsurers, in Q1 2024 compared to the same period of 2023 have decreased by 49,39% – up to UAH 10,220 mln The ratio of reinsurers’ participation in insurance premiums has grown by 1,53 p.p. – to 57,41%.
Net premiums of the insurer following the results of Q1 2024 compared to Q1 2023 have decreased by 52,44% to UAH 7,581 mln, and earned premiums – by 50,42% to UAH 8,111 mln.
The volume of insurance payments and indemnities made in the reporting period compared to the same period of 2023 has grown in 2,26 times – up to UAH 4,170 mln. Thus, the level of payouts has increased by 18,32 p.p. – up to 23.43%.
At that, the company’s activity has been profitable. Thus, the profit from operating activities of the insurer amounted to UAH 2,183 mln, and net profit – UAH 2,087 mln.
Assets of the company on April 1, 2024 have grown by 0,21% – to UAH 76,025 mln, shareholders’ equity has shown growth by 3,16% – to UAH 66,625 mln, liabilities have decreased by 16,67% – to UAH 9,4 mln, cash and cash equivalents have decreased by 2,01% – to UAH 40,314 mln. According to the company’s website, it was registered in the Unified State Register of Legal Entities, Physical Entrepreneurs in 2006. Its authorized capital is 15 million UAH. Its shareholders are eight individuals – residents of Ukraine and one legal entity – LLC “Agroholding 2012”.
PJSC Ukrhazvydobuvannya (Kiev) on August 7 announced a tender for compulsory insurance of civil liability of owners of land vehicles (OSAGO).
As reported in the electronic public procurement system ProZorro, the expected cost of purchasing services is UAH 3.227 million.
The deadline for submission of documents is August 14
The winners of a similar tender a year earlier was IC “VUSO”.
The largest Ukrainian chain of one dollar stores “Aurora” intends to open 400 new stores at the end of this year and reach 2 thousand outlets in Ukraine by the end of the next year, said the CEO of the network Taras Panasenko.
“In June we opened 40 stores, in July – 24, in August will be more than 30. The plan for this year is 400 stores, we fulfill it in principle. Today, together with Romanian stores we have already passed the figure of 1.5 thousand stores, 25 of them in Romania and more than 1480 in Ukraine. The plan in Ukraine is 2.5 thousand stores. I think that at the end of next year we will definitely exceed 2 thousand stores, and in 2026 we will reach the goal,” – said Panasenko at the Business Breakfast from Forbes Ukraine on Wednesday.
According to him, next year the chain plans to enter the Moldovan market, and in 2026 to expand to other markets, considering the Balkan countries.
In addition, the company intends to develop new formats in the network, as well as digital business. In particular, a new format store was opened in Kiev – with a larger area, children’s and beauty departments, as well as an area for a quick snack.
“Aurora is also continuing its development in waste sorting and recycling: it plans to open waste sorting points in two cities by the end of the year. Currently, such a point is functioning in Poltava.
According to Panasenko, the network’s revenue grew by 55% in the first quarter. The company has the same plan for the second quarter, despite the problems with electricity in July.
“We finished the first quarter as planned – we made 55%. I think the second quarter will be the same. Of course, the power outage and atypical heat wave in July had a significant impact. During this period we fulfilled the plan by 85-90%, but now the situation has normalized,” explained the businessman.
“Aurora” was founded in 2011 by Lev Zhidenko, Taras Panasenko and Lesya Klimenko. The main office of the retail chain “Aurora” is located in Poltava. Today the chain has more than 1400 stores in Ukraine and 25 in Romania.
According to Opendatabot, the owner of Vypodnaya Bukupa LLC, which develops the chain, is listed as the Cyprus-based Auroritail Investments Limited, with Zhidenko as its beneficiary. The Cypriot company is also the owner of Prior Development LLC, Seven A LLC, Industrial 9 LLC and Yes LLC.
According to the results of 2023, the net profit of the network amounted to UAH 4.1 billion, net income – UAH 27 billion.
Energy imports, forecast, billion dollars
Source: Open4Business.com.ua
The government has authorized foreign companies operating on the territory of Ukraine through separate subdivisions and representative offices to obtain the right to conduct construction of objects with medium (CC2) and significant (CC3) categories of consequences, the press service of the Ministry of Reintegration of Temporarily Occupied Territories reported.
According to the message, the right to construction activity foreign companies will be able to obtain by free submission to the licensing authorities of the declaration of economic activity. In this case, there is no need to obtain a license for construction, the Ministry notes.
Such changes, introduced in Government Decree No. 314 of March 13, 2022, will be valid for the duration of martial law.
“The adoption of this act will improve the legal regulation of the activities of foreign companies in Ukraine, in particular, will allow representative offices of Polish companies in Ukraine to carry out work on the equipment of checkpoints on the Ukrainian-Polish border,” – stated in the message of the Ministry of Regional Integration.
It is noted that works on the construction of checkpoints are planned within the framework of the implementation of the agreement between the Ukrainian and Polish governments on the provision of a loan on the terms of tied aid from September 9, 2015.
DL SOLUTION is proud to announce the appointment of Vladyslav Labazov as a director of the company effective August 2, 2024. This appointment is the result of a thorough search process.
“We are delighted to welcome Vladyslav Labazov to DL SOLUTION. I know him as a dynamic leader with a deep knowledge of the tobacco market and experience in leading companies,” said Ari Weber, the company’s owner.
Vladyslav has extensive experience in international companies. During his more than 24 years of work in the tobacco industry in sales, he has gained professional recognition. Previously, Vladyslav held the position of Sales Director at Imperial Tobacco Ukraine, where he was responsible for the company’s key business areas and sales of the company’s products throughout Ukraine.
“I am inspired by working in a dynamically developing company. My goal is to ensure development that meets the high requirements and expectations of customers, partners and employees,” emphasized Vladislav Labazov.
For reference.
DL SOLUTION is a national FMCG distributor company that has been operating in the Ukrainian market since 2023. The company supplies goods in the food and non-food categories, and its brand portfolio includes tobacco products, tobacco-containing products for electronic heating, IQOS and Glo tobacco heating systems, alcoholic and non-alcoholic products, lighters, matches, and batteries. DL SOLUTION’s partners are international and national companies representing global brands known for innovation and cutting-edge industry solutions.
