Insurance company ARX (Kiev) has introduced a new hull insurance program “Iron Dome”, covering damage or total loss of cars from missiles, drones and ammunition, debris of buildings, according to the press release of the insurer.
Under this program, cars up to 15 years old, costing up to UAH 5 million, are subject to insurance. Such risks as damage or total loss of the vehicle due to direct or indirect impact of any types of missiles and UAVs on the conditionally safe territory of Ukraine (according to the list of the Ministry of Reintegration in force on the date of the event), or damage from debris in case of hitting buildings are covered.
The deductible is 10% of the sum insured. The insurance terms are three and six months, as well as one year.
The insurance tariff depends on the insurance term: 3 months – 1%, 6 months – 1.5%, 1 year – 2%
At the same time, the program is a completely stand-alone product, which can be purchased without the main hull insurance in ARX or another insurance company. Review of the car (with photography and video fixation) can be done without visiting the office – online, through the mobile application MyARX.
ARX daily pays out to customers a total of about UAH 4.7 million on insured events.
According to the National Bank of Ukraine, for six months of 2023 the company occupies the first positions in the Ukrainian market on all key indicators.
IC “ARX” has been working in the insurance market for 26 years. According to the company’s data, it is the leader of CASCO insurance for the 13th consecutive year. It took the first place among insurers of Ukraine on the size of net insurance premiums and net insurance indemnities for 2021. It is a part of the international insurance holding Fairfax Financial Holdings Limited (Canada).
State-owned Oschadbank quadrupled its net profit in January-August this year compared to the same period in 2022 – from UAH 2.3 billion to more than UAH 9.4 billion, including a net profit of UAH 1.2 billion in August.
“The final financial result was also affected by the revaluation of financial instruments in the securities portfolio: it added about UAH 1.5 billion to the total profit,” the press service of the financial institution told Interfax-Ukraine on Monday.
The state-owned bank notes an improvement in all key financial indicators. In particular, its net interest income increased by 39% to UAH 12.1 billion compared to the figures for 8 months of 2022, and net commission income by 30% to UAH 4.4 billion.
Operating profit amounted to UAH 7.8 billion, which is more than twice as much as in the same period last year.
In addition, as noted in the press service, Oschad has sufficient liquidity and capital at its disposal.
According to the information provided, the regulatory capital adequacy ratio of the financial institution as of September 1 this year amounted to 18.48%, while the established standard of the National Bank of Ukraine (NBU) is 10%.
At the same time, the bank has so far refrained from forecasting its financial results for this year.
According to the NBU, as of July 1, 2023, Oschadbank ranked 2nd in terms of assets (UAH 324.74 billion) among 64 banks operating in the country, and first in terms of the number of branches in the country (1183).
Dynamics of changes in discount rate of NBU – from 2013 to June 2023
Source: Open4Business.com.ua and experts.news
In January-August 2023, Ukrzaliznytsia (UZ) renewed 854.3 km of tracks with various types of repairs, which is 22% more than in the same period in 2022, the company’s press service said on Monday.
According to the release, in January-August 2023, 217.4 km of track was overhauled with new materials, which is 55% more than in the same period last year, while 119.4 km of track was restored using suitable materials that were already available.
“The average repair was carried out on 517.5 km of track, which is 17% more than in the same period in 2022,” UZ said.
In addition, Ukrzaliznytsia overhauled 104 sets of turnouts with new materials and overhauled 67 sets with existing materials. A total of 440 sets of switches were overhauled.
As reported, the Cabinet of Ministers allowed Ukrzaliznytsia to use EUR 100 million for urgent needs from the balance of the EUR 150 million loan from the European Investment Bank approved in 2016, which was originally planned to be used for the construction of a second track, electrification and modernization of signaling and communication systems on the Dolynska-Mykolaiv-Kolosivka route.
The High Anti-Corruption Court (HACC) has refused to remove First Deputy Minister of Agrarian Policy and Food Taras Vysotsky from office.
The decision was made on September 25 by investigating judge of the High Anti-Corruption Court Oleh Fedorov.
“The motion of the NABU detective to remove the suspect Taras Vysotsky from office is dismissed,” the judge said.
He clarified that the decision can be appealed to the Appeals Chamber of the High Anti-Corruption Court within five days of its announcement. The decision comes into force after the deadline for filing an appeal, if no such appeal has been filed. If an appeal is filed, the decision, if not overturned, will come into force after the decision of the court of appeal.
The text of the decision will be announced on October 2, 2023.
In addition to the accused Vysotskyi, the prosecution and defense, the courtroom was attended by a number of representatives of agricultural associations, including Vadym Chaharovskyi, Chairman of the Union of Dairy Enterprises of Ukraine, Rodion Rybchynskyi, Director of the PU “Millers of Ukraine” Rodion Rybchynsky, Director General of the Ukroliyaprom Association Stepan Kapshuk, Acting Chairman of the Board of Ukrtsukr Nazar Mykhailovyn, Director of the All-Ukrainian Agrarian Forum NGO Maria Didukh, and others.
As reported, on August 24, the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAP) accused the First Deputy Minister of Agrarian Policy of Ukraine Vysotsky of misuse of UAH 62.5 million in the procurement of food to meet the needs of the state during martial law.
“These food products were intended as humanitarian aid for the population of Donetsk, Kherson, Sumy, Zaporizhzhia, Kyiv, Khmelnytsky, Dnipro and Poltava regions and the city of Kyiv,” the statement said.
On August 31, the HACC imposed on Vysotsky a pre-trial restraint in the form of bail in the amount of UAH 805 thousand. In addition, he was imposed procedural obligations: to appear at the request of the detective, prosecutor and court; not to leave Kyiv without permission. Kyiv without the permission of the detective, prosecutor and court; to notify the detective, prosecutor or court of any changes in his place of residence and work; to refrain from communicating with the other suspect, the former Deputy Minister of Economy, and witnesses; to deposit his passport(s) for traveling abroad and other documents entitling him to leave and enter Ukraine with the relevant state authorities.
The obligations are valid until October 24, 2023.
The State Service of Ukraine for Food Safety and Consumer Protection (SSUFSCP) has reminded interested parties about the formation of the List of corn and soybean exporters to the People’s Republic of China (PRC) and the List of storage facilities for these goods for further export to China.
As explained by the press service of the Ministry, this is done to ensure compliance with the requirements of the protocol of phytosanitary and inspection requirements for the export of corn and soybeans from Ukraine to China.
The documents confirming the phytosanitary procedures of the corn and soybean growing and storage facilities in order to include a person in the Lists must be sent to the State Service of Ukraine on Food Safety and Consumer Protection by October 16.
The agency reminds that the grounds for refusal to issue a phytosanitary certificate or a phytosanitary certificate for re-export are the non-compliance of the regulated objects with the requirements of the phytosanitary measures of the importing country.
