Business news from Ukraine

Business news from Ukraine

Experts club hosted final seminar-tasting of Ukrainian wine and vintage drinks

Last Friday, the Experts Club analytical center hosted the final seminar-tasting of Ukrainian wine and vintage drinks. This event once again brought together representatives of the Ukrainian wine industry, professional tasters, retail experts and media representatives.

Maksim Urakin, founder of Experts club, opened the event, emphasizing the importance of reviving and developing the culture of wine and vintage drinks in Ukraine.

“The Ukrainian wines presented at today’s tasting are limited editions that have not yet been presented to the general public, but have already been recognized at both Ukrainian and international competitions. Our events are held to support the development of domestic winemaking and spirits production, which will allow Ukrainian products to regain their leading positions, primarily in the domestic market, which, unfortunately, have been lost in recent years,” said Urakin.

The founder of Experts club also emphasized that a systematic approach to supporting Ukrainian producers will also lead to their entry into foreign markets and help the development of our economy as a whole.

In his turn, Andriy Strelets, General Manager of Knyaz Trubetskoy, emphasized that despite the destruction his winery suffered as a result of military operations, production continues to revive and develop.

“The wines that are presented at today’s event are new limited collections of 2022. And this is a sign that our winery is resuming production and working to expand its range. We have decided to change the name of our brand to Stoic Ukrainian winery, as it should symbolize the resilience of Ukraine in these difficult times,” said Strelets.

Sergiy Parkhomchuk, Marketing Director at PrJSC Knyaz Trubetskoy, spoke about the company’s new projects.

“Dnipro Hills is a new Ukrainian wine created in cooperation between STOIC Ukrainian winery and Chateau Pinot winery. At a critical moment in the 125-year history of our winery, Chateau Pinot provided us with invaluable support.

Representatives of a new industry for Ukraine – the production of craft distilled beverages, Oleksandr and Lesya Slobodian, presented their own products, including whiskey, calvados and grappa made in Ukraine. CraftSAD is a family-owned distillery with a unique history and philosophy, created by the Slobodian couple. Even after the loss of their laboratory and home during the war, they did not give up, but found a way to continue creating unique signature drinks for their fans. Their work is based on two key principles: the use of local raw materials (grains, berries, fruits) and the priority of quality over quantity. This provides CraftSAD with the opportunity to produce products that preserve the unique aroma and taste of natural ingredients and guarantee the uniformity of each batch.

“The event presents the author’s drinks that are already loved by many. “Zapechena” is based on an old Cossack recipe, a spicy honey brew that will first surprise and then impress with its richness of flavors. Aged for more than 3 years, the exquisite whiskey and calvados are truly worthwhile drinks, of which there are very few left after the house was destroyed,” said Lesia Slobodian.

In general, the event emphasized the importance of supporting Ukrainian wine and spirits producers and promoted the popularization of unique domestic alcohol brands.

The partner of the Experts club was Myasnyi Rai.

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TAS IG increased sales and payments by almost half

In January-November 2023, TAS Insurance Group (Kyiv) collected insurance payments in the amount of UAH 3.224 billion, which is 46.6% more than the amount raised in the same period a year earlier.

According to the insurer’s website, the company collected UAH 652.81 million in insurance premiums under hull insurance contracts over 11 months, which is 20.25% of the total amount of the insurer’s payments and 44.1% higher than in January-November 2022.

The volume of premiums for MOTPL amounted to 32.23% or UAH 1.039 billion (+36.7%), for Green Card – 24.06% or UAH 775.65 million (+76.8%), for voluntary health insurance – 11.73% or UAH 378.3 million (+48.4%). Property insurance contracts attracted UAH 65.2 million in premiums, which is 13.4% more than in the same period last year.

Under other insurance contracts, TAS Group collected UAH 313.19 million in premiums for eleven months of 2023, which is 33.2% more than in January-November 2022.

As reported, the company paid UAH 1.2 billion (+47.7%) in indemnities during this period.

UAH 363 million (+62.2%) was paid under hull insurance contracts, which is 30.23% of the total amount of payments by the insurer, UAH 451.4 million (+39.7%), or 37.6%, Green Card – UAH 202.55 million (+59.9%), or 16.87% of the total amount of claims, VHI – UAH 145.7 million (+37.6%), or 12.3%.

Under property insurance contracts, TAS IG paid UAH 9.24 million in January-November, which is 20.4% more than in the same period last year. The company’s payments under other insurance contracts amounted to UAH 28.77 million.

TAS Insurance Group was registered in 1998. It is a universal company offering more than 80 types of insurance products in various types of voluntary and compulsory insurance. It has an extensive regional network of 28 regional directorates and branches.

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D.Trading starts trading grain – Dmitry Malyar

DTEK Group’s trading company D.Trading, which operates in the electricity, gas and coal markets, is launching grain trading, said Dmitry Malyar, CEO of the company.

“The first deal concluded on the domestic market opens a new page in the company’s history. The first thousand tons have been shipped to a customer. This is the company’s first practical step in a new trading direction,” Malyar wrote on Facebook on Tuesday.

He clarified that D.Trading’s agricultural office is already operating in Odesa.

“We will provide new market opportunities for agricultural producers and work on developing export potential,” Malyar said.

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Generation distribution in power system of Ukraine in 2022

Generation distribution in power system of Ukraine in 2022

Source: Open4Business.com.ua and experts.news

Ukrainian company Meest China has started deliveries from China to Kazakhstan

Meest China has launched delivery from China to Kazakhstan. At present, the company is shipping parcels weighing up to 30 kg and costing up to EUR 1,000 and providing targeted delivery throughout the country. Shipments from the warehouse in China are made once a week, and delivery by road takes up to 14 days. The cost of the service starts at $5 per kilogram of cargo. Customers also have access to additional services such as buyback, parcel consolidation, and warehouse photography.
As a reminder, in December, the company started delivering from South Korea to Ukraine. The company accepts orders from popular marketplaces selling electronics, cosmetics, clothing, and accessories in the form of postal items weighing up to 20 kg and costing up to 150 euros.
“We have gained a good momentum in opening new markets and expanding the range of services. We ship not only from China, but also from South Korea, and we have added Kazakhstan to the list of recipient countries. We will continue to work,” said Mykhailo Lymar, CEO and Managing Partner of Meest China.

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Oil prices moderate, Brent near $79 per barrel

Oil prices are moderately falling on Tuesday afternoon amid low trading activity after Christmas.

The cost of February futures for Brent on the London ICE Futures exchange as of 13:15 pm is $78.96 per barrel, which is $0.11 (0.14%) lower than at the close of the previous trading.

Futures for WTI for February in electronic trading on the New York Mercantile Exchange (NYMEX) have fallen by $0.29 (0.39%) to $73.27 per barrel by this time.

Downward pressure on the quotes is exerted by the strengthening of the US dollar. The DXY index, which reflects its value against six major world currencies, is up less than 0.1%, which reduces the attractiveness of commodities quoted in US currency.

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