The National Bank of Ukraine has decided to apply to PJSC Insurance Company Salamandra (Kiev) a measure of influence in the form of revocation of all licenses, according to the regulator’s website.
Also, in compliance with the requirements of the law “On Insurance”, in connection with the presence of the company’s obligations under insurance (reinsurance, coinsurance) contracts on May 14, 2024 decided to appoint a temporary administration in PJSC “IC “Salamandra” and removal of the governing bodies from the management of the company.
These decisions have been taken according to the results of planned inspection, conducted in October-December 2023, during which it was established the fact of realization by IC of risk activity, threatening the interests of creditors and insurers, namely formation of insurance reserves in insufficient amount (more than 10% of their sufficient amount, determined by the legislation of Ukraine) three times during the calendar year.
The decision on application of the measure of influence came into force on May 14, 2024.
After taking this decision, the temporary administrator should immediately begin to fulfill his duties, is noted in the message.
IC “Salamandra” (formerly – “DIM Insurance”) is part of the eponymous non-banking financial group, the ultimate beneficiary and owner of which is Yuri Yavtushenko.
IC Salamandra is a member of the Motor (Transport) Insurance Bureau of Ukraine.
Number of unemployed in Ukraine and job opportunities, 2023-2024
Source: Open4Business.com.ua and experts.news
Population forecast for Ukraine in 2030-2100
Source: Open4Business.com.ua and experts.news
Almost 31 thousand sole proprietorships ceased operations in the first 4 months of 2024. The most frequently closed businesses are in Kyiv, Kharkiv and Dnipro regions. More than 23% of newly established businesses closed in 2024.
30,904 businesses ceased operations in the first 4 months of 2024. However, the number of new businesses opened is twice as high – more than 74 thousand in the first quarter of this year.
The most frequent closures are in the retail sector – 10,773 (34.9%). Computer programming and wholesale trade are also in the top three, with 10.1% and 6.2% respectively.
Kyiv has the highest number of businesses closing – more than 3,800 or 12.4%. The second place in the anti-rating is occupied by Kharkiv region – almost 2.4 thousand businesses (7.7%). And Dnipropetrovs’k region closes the top, where almost 2.4 thousand businesses, or 7.7%, have also ceased their activities.
Odesa and Lviv regions are also in the anti-top, with 7.7% and 6.8% respectively.
More than 23% of the newly created PEs last year ceased operations in 2024, which is 7.3 thousand businesses.
Ukrgazvydobuvannya (UGV) has launched two more high-yield wells with a flow rate of 270,000 cubic meters and 120,000 cubic meters of gas per day, the press service of Naftogaz Group said Tuesday. According to it, the wells are 6,200 meters and 6,225 meters deep, drilled in the same field, in the same reservoir and almost simultaneously, so they are called “twins” in technical slang.
Thanks to the use of modern drilling machines, the skill of Ukrburgaz specialists and the reduction of accidents during the work, the wells were drilled in 8 months, whereas previously it took 2-3 years.
“New seismic and drilling data allowed our specialists to create a high-quality 3D model, which is one of the best in “Ukrgasvydobuvannya” and allows us to effectively plan the directions of further development of this field. The works on the field continue, and drilling of the next appraisal and production well will be completed soon”, – Oleg Tolmachev, Head of UGV, noted.
In total, since the beginning of 2024, UGV has already put into operation seven new high-yield wells, including twin wells.
As reported, UGV launched 86 new wells during 2023, of which 24 – with an initial flow rate of more than 100 thousand cubic meters.
In 2022, UGV produced 12.5 billion cubic meters of natural gas (marketable), which is 3% less than in 2021. At the end of 2023, the company’s marketable gas production amounted to 13.224 billion cubic meters, which is 0.679 billion cubic meters more than in 2022. The target for 2024 is 13.75 billion cubic meters.
Naftohaz Ukrainy owns 100% of Ukrhazvydobuvannya.
In May, JSC OTP BANK introduces a new service – the sale of domestic government bonds in the OTP Bank UA application from the Bank’s own portfolio. Thus, the purchase of domestic government bonds will be available at any time, regardless of the date of the Ministry of Finance of Ukraine’s auctions.
According to Valeria Ovcharuk, OTP Bank product owner, the new service will give customers more opportunities to choose the optimal bond rate and maturity. “Last fall, OTP Bank provided its customers with the opportunity to buy domestic government bonds directly at auctions of the Ministry of Finance through the OTP Bank UA application. To offer even more opportunities for investing in government securities, we have developed a functionality that will allow individuals to buy government bonds from the Bank’s portfolio online. We conducted an internal study within the Bank, analyzed requests from our customers regarding the desired maturity and currency for investments, and based on this, we formed a portfolio of securities for sale. This way, customers will be able to combine the optimal rate and investment period. The service is at the testing stage and will be available to users in May,” said Ms. Ovcharuk.
She emphasized that buying government bonds in OTP Bank is convenient and fast. “Just a few clicks in the application and government securities are in your bond portfolio. At the same time, you are making a profitable and reliable investment in the future, as the repayment of government bonds is 100% guaranteed by the state. At the same time, it is an opportunity to help the Ukrainian economy,” emphasized Ms. Ovcharuk.
The service will be available online to all customers who have opened a securities account at any branch of OTP Bank.
As a reminder, according to the Ministry of Finance of Ukraine, OTP Bank was ranked fourth among Ukrainian banks in the overall rating of primary dealers in 2023.
The status of a primary dealer provides the exclusive right to participate in the placement of domestic government bonds conducted by the Ministry of Finance, both on its own behalf and for clients of individuals and legal entities, as well as banks and financial companies that do not have such a status.
To learn more about investing in domestic government bonds through the OTP Bank UA app, please follow the link.
