The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has increased tariffs for Green Card policies for those traveling abroad by 6.9% since November 17, 2022, according to the Bureau’s website.
According to the MTIBU, the last change in tariffs was on October 3, 2022 downward by 5.5%, and before that (July 26) – upward by 26.3%.
Green Card policies have been implemented since 2009 in two types: all of Europe, Moldova. Also, from January 1, 2016, Ukrainian Green Card policies began to operate on the territory of Azerbaijan.
According to the MTIBU, the cost of a “Green Card” in Ukraine for 15 days for trips around Europe for cars rises to UAH 923 (previously – UAH 863), for buses – up to UAH 3,469 thousand (UAH 3,244 thousand), for trucks – up to UAH 2,178 thousand (UAH 2,037 thousand).
The cost of the “Green Card” for one month for cars is now UAH 1,470 thousand (against UAH 1,375 thousand earlier), buses – UAH 4,818 thousand (UAH 4,506 thousand), trucks – UAH 2,891 thousand (UAH 2,703 thousand). ).
Semi-annual and annual “Green Card” policies for cars will now cost 6,525 thousand rubles. hryvnia and UAH 8.079 thousand, respectively, for buses – UAH 16.866 thousand and UAH 31.323 thousand, for trucks – UAH 13.685 thousand and UAH 25.829 thousand.
The cost of policies for trips to Azerbaijan and Moldova for cars for 15 days will be UAH 672 (previously UAH 629), for one month – UAH 989 (UAH 925), for six months – UAH 2,268 thousand (UAH 2,121 thousand), for a year – UAH 3,230 thousand. (UAH 3,102 thousand)
The amounts of unified insurance payments under international compulsory civil liability insurance contracts for owners of land vehicles are established by the Resolution of the Cabinet of Ministers dated January 6, 2005 and are defined in euros.
“Green Card” – a system of insurance protection for victims of a traffic accident, regardless of their country of residence and the country of registration of the vehicle. The “Green Card” covers the territory of 44 countries of Europe, Asia and Africa.
According to the decision of the General Assembly of the Council of Bureaux of the International Motor Insurance System “Green Card”, adopted in Luxembourg in May 2004, Ukraine has been a full member of this system since January 1, 2005.
Geographical structure of foreign trade in goods in 2018-2022 (%)
NBU
Ukrainian networks of filling stations have managed to master the European market of motor fuel after losing Russian and Belarusian fuel with the beginning of full-scale invasion of Russia thanks to the offer of competitive prices and fast contracts, Vasyl Danilyak, СЕО of OKKO group, said.
“Ukrainian companies did not enter their supply market, where everything was contracted a long time ago. Accordingly, they could outbid on price and fast contracts. Despite the unacceptable price, we started contracting 100 percent of possible resources in all corners of Europe,” he said at the Kiev International Economic Forum on Thursday.
At the same time, Danylyak noted that such decisions were made, among other things, emotionally, although they were not always economically justified.
He explained that the European chain of deliveries is much longer than the ones from the East and North directions, when “pipe deliveries were 3-4 days, by rail from the nearest Belarusian refineries to the average tank farm, the fuel took seven days at most.
“And in Europe the chain could stretch for two months or more. For example, we bought in the region of Amsterdam-Antwerp a fairly expensive resource. Supply logistics are complicated: first by small (because of the low level of the Rhine) barges to Germany, then it pours into big terminals, and then you wait for shipping windows because there are queues. So, in the middle of April we made an advance payment, and the last shipment arrived, if I’m not mistaken, in October,” Danilyak described the situation.
He noted, however, that even if the company had known in advance how difficult the delivery would be, it would still likely have made the contract.
“There was such a shortage that the decision was obvious. The fact that it would not be very profitable was not thought of then,” the CEO of “OKKO” assured.
He also stressed that changing the logistics of petroleum products as the war began was the biggest challenge not only for OKKO, but for the entire industry.
“It was the biggest challenge in the first month of the war that companies focused on. The whole market was confronted with the fact that on one day all deliveries were zeroed out, everyone fixed their losses at the time of February 24, who had prepayments, to whom the goods had not arrived in large quantities. Accordingly, everyone began to refocus on Western supplies. And in about three months, in June, the consumers felt a significant improvement, and in July everything was as if nothing had happened,” said Danilyak.
In addition, he expressed the opinion that dispersed business has more flexibility in crisis situations.
“Big and in one place is not always a good thing, although perhaps more cost-effective. Our business, where there are a lot of small businesses, has proven to be more resilient to stress than, for example, the steel industry, when the loss of two key businesses took out seventy percent of the business,” he argued his opinion.
In this connection Danilyak marked that “OKKO” would adhere to the policy of diversification in future too, that, in principle, the essence of the company business allows.
He also paid attention that war experience will teach many companies to follow fire safety rules strictly in accordance with all the requirements that “earlier they looked through the fingers” to some extent.
Sukhaya Balka mine (Krivoy Rog, Dnipropetrovsk region), which belongs to Oleksandr Iaroslavskyi’s DCH group, increased its net profit in 2021 by 3.62 times compared with the previous year – up to UAH 1 billion 326.460 million from UAH 366.802 million.
According to the official information of the company to the agenda of the annual meeting of shareholders, scheduled for December 22, which will be held remotely, the undistributed profits at the end of last year amounted to 3 billion 418.682 million UAH.
The shareholders intend to summarize the results of work in 2021, approve reports and approve significant transactions of the company.
The draft resolution proposes to use the profit to replenish working capital.
At the meeting, there will be considered staff issues: termination of the power of the current members of the Supervisory Board and the Audit Committee and election of new members.
As reported, the Sukhaya Balka mine in 2020 decreased its net profit by 59.7% compared to the previous year – to 366.802 million UAH from 909.636 million UAH.
DCH Group acquired the mine from Evraz Group in May 2017.
Sukhaya Balka mine is one of the leading mining companies in Ukraine. It mines iron ore using the underground method. The mine includes the Yubileynaya and Frunze mines. Frunze.
“Sukhaya Balka” specializes in the extraction and production of marketable iron ore, which includes sinter ore (iron content 56-60%) and blast furnace ore (47% – 50%).
According to the NDU for the fourth quarter of 2021, Yaroslavskyy, who is listed as a citizen of the United Kingdom and a non-resident of Ukraine, directly owns 77.4193% of the mine, and a resident individual, Artem Aleksandrov, owns 20%.
The charter capital of Sukhaya Balka is UAH 41.869m, and the par value of a share is UAH 0.05.
British Finance Minister Jeremy Hunt presented the country’s new draft budget, noting that he is forced to make “difficult decisions” to provide the best “path to stability” for the economy.
According to Hunt, estimates by the Office for Budget Responsibility (OBR) of Great Britain show that a recession in the economy has already begun. Nevertheless, by the end of 2022 the British GDP is expected to grow by 4.2%.
The OBR forecasts for the U.K. economy in 2023 and 2024 were worsened, mainly because of high energy prices, he said.
British GDP is expected to decline by 1.4 percent in 2023 and increase by 1.3 percent in 2024. The OBR’s March forecasts called for growth of 1.8% and 2.1%, respectively.
Forecasts of economic recovery for 2025 and 2026 were improved to 2.6% from 1.8% and to 2.7% from 1.7%, respectively.
National inflation will be 9.1% this year and slow to 7.4% in 2023, OBR forecasts.
“They confirm that our actions today will lead to a significant slowdown in inflation from the middle of next year,” Hunt said.
He noted that his budget blueprint calls for two new rules.
“First, government debt as a percentage of GDP must decline in five years. Second, government borrowing over the same period must be less than 3 percent of GDP,” the Financial Times quoted Hunt as saying.
In the current fiscal year, Britain’s borrowing will amount to 7.1% of GDP, Hunt noted. The budget deficit, according to new estimates of the OBR, this fiscal year will be 177 billion pounds (March forecast – 99,1 billion pounds).
The U.K. government will keep the plan to subsidize household and business energy costs totaling 55 billion pounds, drafted by former Prime Minister Liz Truss and former finance minister Kwasi Kwarteng, Hunt said.
Hunt’s draft includes a number of tax measures that should increase budget revenues. In particular, it is planned to reduce the threshold of the annual income of Britons, which will be subject to the maximum tax, to 125.14 thousand pounds from the current 150 thousand.
In addition, the income tax and inheritance tax cuts planned by Kwarteng will be frozen. It is also expected to eliminate the excise tax exemption for electric cars starting in 2025.
The draft budget also includes an additional 2.3 billion pounds for education.
Heavy snowfall is expected in Kiev on Friday, in connection with which the Kiev city state administration urges residents to leave cars at home to prevent traffic jams.
“Weather forecasters are predicting heavy snowfall tomorrow. The snow will start tomorrow afternoon, intensify in the evening and will last until the middle of the day Saturday. Please do not create traffic jams. After all, snow removal equipment and cars of special services are also standing in them”, – said in the message of the KSCA.
The administration also urges Kyiv residents to take care of parking in advance and not to leave cars on the roadsides of streets and roads, so that road workers can overcome the consequences of precipitation.
“Pedestrians are reminded of reflective elements on clothing. Take care of yourself and be careful on the road,” summed up in the KSCA.
