The National Bank of Ukraine (NBU) has imposed penalties on JSC IC Opeka (Kiev) for late submission of reports for 9 months and PJSC IC Inter-plus (Kiev) for untimely and incomplete submission of information at the request of the regulator, the NBU website said on Friday.
As specified by the press-service, such decisions on measures of influence were taken on the results of a visitless supervision on December 7 and come into force on Friday.
It is indicated that insurers are obliged to pay the fine within seven working days from the date of receipt of the relevant decision of the NBU, but the size of fines regulator does not specify.
IC “Opeca” has been working in the insurance market since 2003. It specializes in risk insurance. In January-September 2023 the company has collected insurance premiums for UAH 7.97 mln, which is 12% less than in the same period a year earlier. Gross premiums decreased by 1.1% – to UAH 8.08 mln, premiums ceded to reinsurance increased by 7.9% – to UAH 0.85 mln, and net loss amounted to UAH 13 thousand
PJSC Insurance Company Inter-Plus carries out insurance activity in the field of risk insurance and has been working in the insurance market of Ukraine since 2003. Gross premiums of the company for the nine months of this year have grown 4,9 times – up to UAH 89,2 mln, while payouts have decreased by 21,8% – up to UAH 2,88 mln. As a result, net profit increased 17 times – up to UAH 32.58 mln.
The shareholders of the company are: Oleksandr Ivanenko c 51.35% of the authorized capital, Olena Chupyrkina, Lidiya Pshtika and Olena Tonkovid and Dmytro Odarchenko – 9.9% each, as well as Oleksiy Shvayko – 9.05%.
JSC IC Opeka, Oleksiy Shvayko, PJSC IC Inter-plus, The National Bank of Ukraine, Дмитро Одарченко, Лідія Пштіка, Олександр Іваненко, Олена Тонковід, Олена Чупиркіна
World food prices fell by 10.7% in November this year compared to the same month last year, unchanged from the revised October level. Their index stood at 120.4 points, according to the FAO (UN Food and Agriculture Organization) report.
The grain price index was 3% below October’s level and 19.4% below last year’s record high. World prices for coarse grains fell most significantly over the month – by 5.6%, primarily due to a sharp drop in global corn prices.
The vegetable oil price index increased 3.4% year-on-year in October after three months of continuous decline. This was due to the increase in world prices for palm and sunflower oils, which more than compensated for the decrease in quotations of soybean and rapeseed oils. Dynamics of price changes in annual terms is not given.
The price index for dairy products in November increased by 2.2% as compared with October. The growth continues for the second month in a row. But in annualized terms, prices fell 16.9%. “In November, there was an increase in global quotations of butter and skim milk powder, which was due to high import demand from Northeast Asian countries, limited stocks and increased domestic demand ahead of winter holidays in Western Europe,” the document explained.
The meat price index was 0.4% lower last month compared to October and 2.4% lower compared to November last year. These figures reflect a slight decrease in prices for poultry, pork and beef.
The sugar price index in November was up 1.4% from October and up 41.1% on a year-over-year basis. “The increase in sugar prices recorded in November was mainly due to growing concerns about a reduction in global export supply this season amid deteriorating crop outlooks in Thailand and India, which are major exporters,” the report said.
The FAO Food Price Index is a weighted average that tracks international price movements for five major food commodity groups.
grain price, meat price index, price index for dairy products, sugar price, vegetable oil price index, World food prices
State enterprise NAEK Energoatom on December 6 announced a tender for compulsory insurance of civil liability of business entities for damage that may be caused by fires and accidents at high-risk facilities, including fire-hazardous facilities and facilities whose economic activities may lead to accidents of environmental and sanitary-epidemiological nature.
As reported in the e-procurement system Prozorro, the expected cost of services is UAH 10,404 thousand.
Applications for participation in the tender are accepted until December 14.
In which industries are the most businesses closing?
6,482 companies started the process of closing down between March 2022 and November 2023. This year, on average, 479 businesses are shutting down per month. This is almost three times less than in the same period in 2021: 1290 companies closed per month then.
Only 17% of them entered bankruptcy proceedings, while the rest decided to cease operations on their own. For comparison, in 2021, the share of companies that went bankrupt was 5.1%.
The highest number of businesses closing is in Kyiv: 893 cases. Lviv region is the second worst, with 526 companies closing, and Dnipropetrovs’k region is the third worst, with 479 businesses closing.
Non-governmental organizations are the most frequently closed – 1068 companies. Wholesale trade enterprises are in second place with 826 companies, and agricultural companies are at the bottom of the list with 492 cases.
The most high-profile bankruptcy of the year was the closure of the Ukrainian airline UIA, which is associated with Ihor Kolomoisky. However, this is not the largest business that has ceased operations since the start of the full-scale crisis. The top 3 companies in the process of closure in terms of turnover are Ilyich Iron and Steel Works of Mariupol, Azovstal, and one of the WOG companies.
https://opendatabot.ua/analytics/bankrupts-and-closed-companies-2023
AZOVSTAL, businesses closing, process of closing, Ukrainian airline UIA, WOG
More than 19 thousand road accidents with injuries and deaths were recorded in Ukraine in ten months of 2023. The most common cause of road accidents is exceeding the safe speed limit. The number of accidents involving children has also increased significantly. Dnipropetrovska, Lvivska, and Kyivska oblasts are among the worst performers in terms of road accidents.
19,743 road accidents with fatalities and/or injuries occurred in Ukraine in 10 months of 2023. 2,492 people died as a result of these accidents, and another 24,774 were injured.
This is reported by Opendatabot, citing data from the Patrol Police Department.
The largest number of accidents with injuries and deaths was recorded in:
– Dnipropetrovska oblast – 1775
– Lviv region – 1697
– Kyiv region – 1631 accidents.
The most significant increase in road accidents with injuries and/or deaths was in Volyn – +39%. This is almost 1.4 times more than in the same period in 2021. The number of accidents also increased significantly in Chernivtsi (+27%) and Kirovohrad (+26%) regions. In contrast, accidents in Ternopil and Kharkiv regions decreased by 11% and 10%, respectively.
Top causes of road accidents in 2023
In the vast majority of cases – 38.5% – accidents occur due to speeding. The second most common cause of accidents in Ukraine is violation of maneuvering rules (22.5%). ⅔ of deaths in road accidents occur for these reasons.
In 2023, the number of accidents involving children increased significantly – by 10% compared to the same period in 2021.
At the same time, the number of accidents that, according to the Patrol Police, were caused by children increased by 1.5 times. This year, twice as many children have already died in such accidents and 2.3 times as many have been injured as in the same period in 2021.
Lviv region remains the anti-leader with 83 such accidents, while Kyiv and Vinnytsia regions show the highest growth – by 3.8 and 3 times, respectively.
NEC Ukrenergo has resumed operation of a high-voltage power transmission line necessary to supply power to the needs of the Zaporizhzhya nuclear power plant (NPP).
“At present, the plant has already switched from a backup to a normal power supply scheme,” the NEC said on Facebook on Saturday.
Ukrenergo recalled that ZNPP lost contact with the power grid overnight during another Russian attack. Two lines were damaged – 750 and 330 kV, which transmit electricity to meet the plant’s own needs.
Ukrenergo dispatchers were able to put ZNPP’s main 750 kV main power supply line back into operation. At present, the plant receives the electricity necessary for its safe operation from the unified energy system of Ukraine.
At the same time, power supply to consumers in Zaporizhzhya and Dnipropetrovsk region has not stopped, reserve lines have been activated to meet their needs.
“Ukrenergo repair crews will start restoring damaged high-voltage lines as soon as the security situation permits. Thanks to the PVO for the flawless work, without which the damage in the power system could have been much larger,” – summarized in the NEC.
As reported, at 02:31 during the air alarm was de-energized line “Zaporizhzhya NPP – Dniprovska”. Due to the complete blackout ZNPP switched to supply its needs from diesel generators. The greatest safety threat in such a state exists at Unit 4.
high-voltage power transmission line, UKRENERGO, Zaporizhzhya nuclear power plant
