Communal enterprise “Kyivpastrans” has announced its intention to conclude with IC “Guardian” (Kiev) a contract for compulsory insurance of civil liability of owners of land vehicles (MTPL) D2 200 units. As reported in the system of electronic public procurement Prozorro, the expected cost of the purchase of insurance services amounted to UAH 1716 thousand, the company’s price offer of UAH 1710.8 thousand.
The company was the only bidder.
IC “Guardian” is a member of the Presidium of the League of Insurance Organizations of Ukraine. Since January 2020 it has received the status of a full member of the ITSBU, has the right to sell “Green Card” policies.
In October, 2020 by the decision of the general meeting of the members of the Nuclear Insurance Pool of Ukraine IC “Guardian” became its member.
IC Guardian, INSURANCE, Kyivpastrans, Motor transport, MTPL insurance
The German-Ukrainian Chamber of Commerce and Industry (AHK Ukraine) reports numerous business problems resulting from the suspension of the electronic staff booking procedure through the Diia portal and joins calls to restore it.
“This decision may have irreversible consequences. The loss of key employees jeopardizes not only business but also the stability of the Ukrainian economy. The uninterrupted operation of companies critical to the country’s functioning is necessary to support both the defense sector and the stability of society as a whole,” Rainer Perau, Chairman of the Board of AHK Ukraine, said in a commentary to Interfax-Ukraine on Monday.
According to the Chamber of Commerce and Industry, the suspension of the booking of Ukrainian workers, despite millions of dollars in investments by German companies to support Ukraine’s economy during the war, threatens business and the stability of strategically important industries. Retail and manufacturing will suffer the greatest losses.
It is emphasized that the suspension of bookings and the chaotic delivery of summonses to already booked employees pose a critical challenge to German companies.
“Enough examples have already been collected: some corporations are already warning of a possible complete cessation of their activities if mobilization covers production, operations or IT departments that manage the infrastructure of the entire Ukrainian network. One of the German companies is sounding the alarm because of the mass mobilization of its employees, who are being issued summonses even though they have reservations,” AHK Ukraine states.
As reported, after the government’s protocol decision of October 8 to audit decisions on recognizing enterprises as critical to the economy, the booking process was effectively paralyzed, which caused protests from many business associations.
Adnan Kiwan, founder of the investment and construction company Kadorr Group (Odesa) and owner of Kyiv Post, has died at the age of 62.
“Today, on October 28, 2024, the founder of the Kadorr Group Corporation, Adnan Kiwan, the largest Arab investor in Ukraine, known for successful business projects, social initiatives, as well as charity and philanthropy, passed away (…) Our sincere condolences to his wife, children and grandchildren,” the Kadorr Group press service posted on Facebook on Monday.
Kivan, a businessman of Syrian origin and former deputy of the Odesa City Council, founded Kadorr Group in 2010. Its assets include more than 5 million square meters of commissioned real estate, including 55 residential complexes, 90 cottages, a five-star hotel, a network of sports and spa complexes, six business centers, five shopping malls and other commercial premises worth more than $800 million.
The group also includes Kadorr Agro, an agricultural business. Investments in the industry amount to over $400 million.
In addition, Kivan has been the owner of the English-language media outlet Kyiv Post since 2018.
The G7 leaders have agreed to provide $50 billion in loans to Ukraine, according to a joint statement.
The Group of Seven leaders have agreed to provide Ukraine with $50 billion in loans through the Emergency Revenue Acceleration mechanism.
“This money will be serviced by future proceeds from the immobilization of Russian sovereign assets in accordance with the G7 legal systems and international law. Disbursements are planned to be made through various channels, including budgetary, military and reconstruction assistance to Ukraine,” the statement said.
The leaders expressed their gratitude for the timely implementation of this historic decision and noted the constructive participation of the European Union in reaching the agreements.
It is stated that the G7 reaffirms its commitments made at the Puglia summit and focuses on supporting Ukraine in the face of Russian aggression, which has caused significant damage to the Ukrainian people.
Farmers who purchased Ukrainian-made agricultural machinery and equipment in September 2024 will receive approximately UAH 150 million in compensation from the state, the Ministry of Economy reports on its website.
“We continue to support Ukrainian machine building. We have signed an order to allocate almost UAH 150 million as compensation for farmers who have bought new machinery and equipment made in Ukraine. Thus, we are stimulating demand for domestic products. The register currently includes 133 manufacturers and almost 11.8 thousand units of machinery and equipment. We hope that the number will increase,” said Yulia Svyrydenko, First Deputy Prime Minister and Minister of Economy.
The Ministry of Economy clarified that the funds will be transferred to 25 authorized banks based on buyers’ applications submitted in September. The largest amounts of compensation will be paid to buyers of machinery through PrivatBank (over UAH 52 million), Oschadbank (UAH 31.8 million) and ProCredit Bank (UAH 15 million).
In total, over UAH 395 million has been accrued to farmers since the program’s inception (including the current order), including UAH 220 thousand in April, UAH 18.6 million in May, UAH 66.4 million in June, UAH 61.5 million in July, UAH 98.5 million in August, and UAH 149.98 million in September.
More than 1700 farmers participated in the 2024 program and purchased Ukrainian machinery worth almost UAH 1.9 billion.
The largest number of applications for compensation for purchased agricultural machinery and equipment were submitted in the following regions: Odesa – 178, Kirovohrad – 170, Poltava – 157, Mykolaiv – 148, Cherkasy – 135, Vinnytsia – 120.
As reported, the state program to compensate farmers for the purchase of Ukrainian-made agricultural machinery and equipment is part of the Made in Ukraine policy. Farmers who have purchased machinery and equipment from the list on the Ministry of Economy’s website can receive compensation. To do this, they need to submit an application and documents confirming the purchase to an authorized bank.
Producers wishing to include their equipment in the list can contact the Ministry of Economy via the official e-mail address – meconomy@me.gov.ua. The application must be submitted in electronic form using an electronic signature or other means of identification that allow to establish the identity of the manager or authorized person.
The list of machinery and equipment is regularly updated after the localization of production is verified. The level of localization must exceed 60% (40-45% for tractors, combines, special equipment, etc.). The compliance of manufacturers is determined in accordance with the criteria specified in the Cabinet of Ministers’ Resolution No. 130 (as amended), the Ministry of Economy reminded.
Oil is losing 4.5% in price on Monday, as the market assesses news from the Middle East.
As reported, on the night of October 26, Israel launched a series of air strikes on Iranian military targets. The attack was Israel’s response to the strike on the country by Iranian forces on October 1.
The fact that Israel did not attack Iran’s oil facilities, as well as the smaller-than-expected scale of the attack in general, eased traders’ fears of a possible escalation of the conflict, Market Watch notes.
“Israel’s attack did not affect energy infrastructure and was limited in scope. This is likely to ease fears of a direct conflict with Iran,” said Jay Hatfield, CEO of Infrastructure Capital Advisors.
The cost of December futures for Brent on the London ICE Futures exchange as of 7:15 a.m. is $72.63 per barrel, which is $3.42 (4.5%) lower than at the close of the previous trading. On Friday, these contracts rose by $1.67 (2.3%) to $76.05 per barrel.
December futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) fell by $3.34 (4.65%) to $68.44 per barrel. At the end of the previous session, the value of these contracts increased by $1.59 (2.3%) to $71.78 per barrel.
Price Futures Group analyst Phil Flynn notes, however, that the oil market’s concerns about the Middle East conflict will persist.
“The bottom line is that the immediate threat of oil supply disruptions from the region has passed. However, if you think this will put an end to the conflict, I don’t think so. Even if Iran doesn’t respond to this strike, I think it will try to make sure that its proxies regroup and respond one way or another,” the Market Watch expert said.
