More than 160 thousand vehicles were imported to Ukraine in 5 months of 2024, according to the Ministry of Internal Affairs (MIA). Only 28% of imported cars in 2024 were new.
160,750 vehicles were imported to Ukraine in 5 months of 2024. This is 21% more than in the same period in 2023.
The most popular brand among all imported cars this year was VOLKSWAGEN – 18,771 cars or 11.7% of the total. RENAULT was in second place with 13,187 vehicles (8.2%), and AUDI took third place with 9,137 cars (5.7%). The most popular models among imported cars were SKODA OCTAVIA, VOLKSWAGEN GOLF and PASSAT.
Gasoline cars remain the most popular – almost every second imported car. Diesel cars accounted for 29% of cars imported this year. Electric cars accounted for 12.9%.
72% of all imported cars this year were used. Currently, the average age of imported cars is 10 years.
The largest number of newly imported cars was registered in Kyiv – 13.9%. Lviv (10.2%) and Odesa (7.5%) regions are also in the top 3.
https://opendatabot.ua/analytics/autoimport-2024-5
JSC OTP BANK applies various mechanisms to make credit products available and interesting for as many business clients as possible. This was stated by Alla Biniashvili, Member of the Management Board of the Bank, in her speech at the international industry conference Grain Ukraine.
She reminded that since the beginning of the full-scale war, the corporate portfolio of Ukrainian banks has decreased by 20%, so now banking institutions are using various methods to resume lending to the economy.
According to Alla Biniashvili, an important advantage of OTP Bank is its systematic cooperation with international organizations that offer risk-sharing or provide grant programs for business. In particular, with the EBRD, with which the Bank has entered into an unfunded agreement on portfolio risk sharing totaling EUR 120 million, and with the USAID Project “Investments for Business Resilience”, which allowed financing Ukrainian enterprises for more than UAH 500 million at a preferential rate of 7%.
“We carefully study risks as a responsible bank, but at the same time, we understand the current situation and see the conditions in which business operates. And thanks to risk-sharing with the EBRD, we can finance different clients. As part of its cooperation with the USAID Business Resilience Investment Project, the Bank provides loans at preferential rates. So we have opportunities, and this is our distinctive advantage,” emphasized Alla Biniashvili.
She noted that OTP BANK has been actively applying positive international experience throughout its activities, and thanks to cooperation with the International Financial Corporation (IFC), in 2017 created a unique scoring project called Agro Factory. “Back then, we studied the pains and fears of small companies, in particular, they wanted to receive decisions quickly, submit a minimum package of documents, etc. We met all their requirements within Agro Fabrika. We make decisions within a business day and disburse funds within a week at the most, because after all, providing financing is a dance for two, and there is a need to obtain certain documents. For agricultural producers, we offer loans of up to UAH 5 million without any collateral at all, and up to UAH 20 million secured by financial agricultural receipts,” said the member of the Bank’s Management Board.
She emphasized that OTP BANK successfully cooperates with well-known international and Ukrainian partner companies, including manufacturers of seeds, plant protection products, fertilizers, etc. within the Agro Factory project. “If a bank customer buys goods from them, they compensate us for the difference in interest rate, so we can provide a very interesting loan offer at 0.1%, which is difficult to find on the market in the usual way. Agrarian business is in the center of our attention, and 50% of loans in the total loan portfolio of OTP Bank are financing of the agricultural industry,” she said.
On June 11 and 12, the German government, in partnership with the government of Ukraine, will host the Ukraine Recovery Conference (URC2024) with the aim of supporting Ukraine’s economic and social recovery from Russia’s war of aggression.
On the day before URC2024 begins, GMF will convene 200 representatives from Ukraine’s municipalities, cities, and regions, as well as civil society actors, philanthropists, and business and media representatives from Ukraine and its partner countries to explore the local dimension of reconstruction, recovery and reform. Under the theme All Reconstruction is Local, the pre-conference aims to investigate the following questions: What are the benefits and limitations of city and state twinning as well as regional cooperation models? How can improved cooperation be fostered between national and local reconstruction plans rather than competition? What are the human capital and project management needs at the local level? How will access to finance and insurance be distributed at the local level? How can EU regulations, sustainability and the highest transparency standards be ensured locally?
The agenda will feature discussions looking at concrete partnership models aiming to support Ukrainian cities and regions but will also dive deeper into specific policy areas including rebuilding the local energy sector, anti-corruption efforts and the question of local ownership vs. wartime centralization. Speakers at the event will include both policy makers from the United States, Europe, and Ukraine, as well as civil society and private sector representatives. Some of the sessions of the event will be live-streamed and therefore also available to an online audience, while other sessions will take place under Chatham House rules to enable an open and honest discussion among participants.
https://www.gmfus.org/all-reconstruction-local-forum-eve-ukraine-recovery-conference
The number of clients of IC “Express Insurance” on compulsory insurance of motor liability of owners of land vehicles (MTPL) in January-April 2024 increased by 3.2 times, the insurer’s website reports.
It is noted that this is the largest indicator in the market of MTPL insurance in Ukraine for this period.
Payments of the company on MTPL, victims of road accidents for this period, increased in 2,2 times and amounted to almost 19,4 million UAH. The average amount of damage, which was paid out by IC Express Insurance during this period, exceeded by 2% the similar indicator in the market and amounted to UAH 37,4 th.
The company also notes that as the number of clients increases, it accelerates the process of settlement of insurance events. According to the results of April 2024, the average number of days from the date of application to the date of payment in IC “Express Insurance” decreased to 29,6 days against 43,5 days in April 2023.
ALC “Express Insurance” was founded in 2008 with participation of the leader of the Ukrainian automobile market – corporation “UkrAVTO”. The company specializes in automobile insurance.
Since April 2012 IC “Express Insurance” is an associated member of the Motor Transport Insurance Bureau of Ukraine.
State Enterprise Antonov (Kyiv) announced a tender for mandatory aviation insurance services for civil aviation on May 31.
Namely for civil aviation risk insurance services (under insurance classes 1, 5, 11): aircraft insurance, aviation carrier’s liability insurance for damage caused to passengers, baggage, cargo and mail; liability insurance of commercial civil aircraft operator for damage caused to third parties.
As well as insurance of the liability of developers, manufacturers of civil aviation equipment, maintenance organizations authorized to conduct test flights for damage caused to third parties; insurance of the liability of an educational institution in the performance of training flights for damage caused to third parties. Insurance of aircraft crew members and other aviation personnel; insurance of persons who have the right to be on board an aircraft on legal grounds without purchasing tickets; insurance of employees of the customer of aviation works, employees of other organizations involved in the performance of aviation works, and persons ensuring the technological process during the performance of aviation works.
According to the message on the website of the Ukrainian Universal Exchange, the expected cost of the purchase of insurance services is UAH 5.607 million, the cost of submitting a bid is UAH 4.08 thousand.
Documents are accepted until 17:00 on June 7.
International rating agency S&P Global Ratings has affirmed Uzbekistan’s long-term sovereign credit rating at “BB-” with “stable” outlook, the agency said in a statement.
The short-term credit rating was affirmed at “B”.
According to the agency, at the next stage of reforms implemented in Uzbekistan, the new tariff policy aimed at ensuring energy security and efficiency, and the reduction of budget subsidies deserve special attention.
S&P notes that the “Uzbekistan – 2030” strategy attracts investments in transport, telecommunications, agriculture, tourism and other sectors, reforms the energy sector, privatization and improvement of fiscal policy.
Thanks to investments in electricity and gas production, green energy and mining, as well as reforms aimed at creating a market economy, S&P forecasts Uzbekistan’s GDP growth to average above 5% per year in 2024-2027.
According to S&P estimates, gradual reduction of the budget deficit will be achieved starting from 2024 by increasing the targeting of subsidies and social spending and abolishing some tax exemptions.
The report also notes that the law “On State Debt” sets the upper limit of state debt and there are annual limits on newly attracted foreign debt.
According to the agency’s report, Uzbekistan’s sovereign credit rating may be upgraded and the outlook may be improved if reforms lead to higher-than-expected economic growth in the medium term and have a positive impact on the sector’s fiscal and external indicators.
Factors downgrading the country’s credit rating are the rapid growth of the country’s total external debt, increased fiscal and balance of payments risks due to failure to achieve the expected results of projects financed by external loans.
