Insurance company “Knyazha Life Vienne Insurance Group” (Kiev) last year collected UAH 60.890 million of insurance payments, which is 5.39% less than in the previous year, reports RA “Standard-Rating” on the website in the information on confirmation of the financial stability rating/credit rating of the company at the level of “uaAA+” at the end of the reporting period.
It is noted that the volume of insurance payments and indemnities made by the company for 2024 amounts to UAH 27,383 mln, that is by 20,29% less than the volume of payments for 2023. Thus, the level of payments of the insurer has decreased by 8,41 percentage points (p.p.), to 44,97%.
Last year the company’s activity was profitable: it received UAH 29,561 mln of net profit
Assets as of January 1, 2025 increased by 14.01%, to UAH 909.017 mln, equity capital – by 11.40%, to UAH 306.321 mln, liabilities increased by 15.38%, to UAH 602.696 mln, cash and cash equivalents – by 71.57%, to UAH 4.296 mln, government bonds and deposits in banks as part of current financial investments – by 13.92%, to UAH 879.676 mln.
RA emphasizes that as of the beginning of 2025 shareholders’ equity covered 50,83% of the insurer’s liabilities, and 0,71% of its liabilities were secured by cash and cash equivalents.
At the same time, as of January 1, 2025 the insurer has formed a portfolio of current financial investments in the amount of UAH 879,676 mln, including bank deposits and investments in government bonds. Thus, as of the beginning of 2025, liquid assets (cash and cash equivalents, bank deposits and government bonds) exceeded the company’s liabilities in 1,47 times.
It is noted that the high level of external support of the company is provided by its shareholder – an international insurance group headquartered in Austria Vienna Insurance Group Wiener Städtische Versicherung AG., which is represented by 50 companies in 30 countries and is the leader of the insurance market in Central and Eastern Europe.
Lviv Municipal Motor Transport Enterprise No. 1 has announced a tender for compulsory insurance of civil liability of car owners (vehicle type D2) (332 units). As reported in the system of electronic procurement Prozorro, the reason for this decision was the lack of tender offers.
As reported, the tender was announced on March 11, the expected bidding price is UAH 15.059 million. The deadline for submitting applications for participation is March 19. The winner of a similar tender a year earlier was IC Krajina.
Lviv Motor Transport Company No. 1, tender for MTPL insurance
Following the agreements between President of Ukraine Volodymyr Zelensky and President of the Republic of Cote d’Ivoire Alassane Ouattara, Deputy Head of the Office of the Head of State Ihor Brusilo held an online meeting with Minister of Economy and Development of Cote d’Ivoire Niale Kaba.
The key topic of discussion was activation of mutually beneficial cooperation in promising sectors of economy: agricultural industry, trade, infrastructure projects and professional training of Ivorian students in Ukrainian higher educational institutions. Côte d’Ivoire expressed readiness for partnership, in particular due to the beginning of direct dialog between the sectoral ministries.
Special attention is paid to the expansion of the legal framework of bilateral relations in trade and economic sphere. This will ensure favorable interaction in many sectors.
In addition, Brusilo and Kaba agreed on practical steps aimed at the implementation of the agreements reached.
The meeting was also attended by: Deputy Minister of Economy of Ukraine Taras Kachka, Deputy Minister of Agrarian Policy and Food Oksana Osmachko, Director General of the Directorate for Foreign Policy and International Military-Technical Cooperation of the Office of the President Ruslan Kurochenko and representatives of the Ministry of Foreign Affairs.
Dynamics of changes in discount rate of NBU – from 2013 to 2024
Source: Open4Business.com.ua
Italy and Spain have made it clear that they are not ready to support the European Union’s proposal to allocate around EUR 40 billion in military aid to Ukraine this year, with each country contributing according to the size of its economy, Reuters reported on Tuesday.
Following a meeting on Monday of foreign ministers from the 27 EU member states in Brussels, Kallas said her proposal had “broad political support” and discussions were now moving to the details.
Diplomats said the proposal has some support from northern and eastern European countries. But some southern European capitals were more reticent, reflecting a division between those geographically closer to Russia, which have given more aid to Ukraine, and those farther away, which have given less, as a percentage of their economies.
According to the Kiel Institute for the World Economy think tank, Estonia, Denmark and Lithuania lead Europe in this area, allocating more than 2 percent of their GDP to aid Kiev between January 2022 and December 2024. At the same time, Italy, Slovenia, Spain, Portugal, Greece and Cyprus are among those who have allocated the least, committing less than 0.5% of their GDP.
Speaking ahead of the meeting, ministers from Italy and Spain – the EU’s third and fourth largest economies – said it was too early to take a final position on the proposal.
Italian Foreign Minister Antonio Tajani said the proposal would need to be discussed in detail in light of upcoming events. “We are waiting for a phone call between Trump and Putin to see if there will be any steps forward to achieve a ceasefire,” he said, adding that Italy must also find money to increase its own defense spending. “There are many expenses that need to be addressed,” he added.
Spanish Foreign Minister Jose Manuel Albares said: “We will see how the debate goes, but there is no decision on this issue yet.”
Albares said Spain had already pledged 1 billion euros in military aid to Ukraine this year. He said Madrid did not have to “wait for the High Representative (Callas – IF-U) to make any proposal” to show that Kiev could count on his support.
