TAS Insurance Group (Kyiv) in January-October paid 738.9 mln. UAH of indemnities under the concluded insurance contracts, which is 20.8% less than the amount of payments made in 10 months.
Most of the payments with a share of 39.96% took CMTPL – 295.3 million UAH (-15.3%), CASCO with a share of 27.36% (202.17 million UAH, -32.5%), VMI with a share of 13.05% (96.4mln UAH, -30%) compared to January-October of last year.
The company paid out UAH 114,65 mln on policies “Green Card”, which amounts to 15,52% of the total indemnities of the insurer (-1,4%).
In turn, 7,4 mln UAH have been paid out for 10 months on property insurance contracts, and 22,95 mln UAH on other insurance contracts, which is 9,5% more than the corresponding figure for the same period last year.
War and the decline of the domestic market force the Ukrainian business to pay maximum attention to expanding exports and entering foreign markets, TAS Group founder Serhiy Tihipko said.
“Now we are starting to create a project as a monobank in Poland – it is a unique product,” he said at the Kiev International Economic Forum (KIEF) in Kiev on Thursday.
Tigipko recalled that currently monobank has 6.5 million customers and a significant part of them abroad.
The businessman said that before the war he did not pay enough attention to the development of export opportunities. “Those businesses that I had focused on the domestic market are a problem,” he described the current situation.
At the same time, Tigipko said that in war conditions it is possible to increase exports, in particular, the group’s wagon building companies have signed two contracts for Europe, one – a startup for the construction of innovative cars.
According to him, apple concentrate, metalware and nails have good prospects.
The businessman also noted the importance of diversification. “We have both industrial and financial (sectors), and agriculture – diversification has worked. I believed in it and I believe in it now,” he stressed.
Tihipko also complained that before the war, he did not pay enough attention to the reserves in case of crises. According to him, if there were more of them, now he could make more profitable deals, but he already bought 49% in one of the companies from one of the partners, and before that he bought a share from another partner because “people are rushing around”.
TAS Group was founded in 1998. The sphere of its business interests covers the financial sector (banking and insurance segments), industry, real estate, venture projects.
Soccer simulator for PlayStation FIFA 23 predicted Argentina’s victory at the 2022 World Cup in Qatar.
Games in the FIFA series have previously successfully predicted the winners of the 2010, 2014 and 2018 championships. This time, the game simulated all 64 matches to be played in Qatar in November and December and concluded that Argentina and Brazil would advance to the final, with Argentina winning 1-0.
The new version of the game used technology HyperMotion2, which provides ultra-realistic gameplay, as well as current FIFA ratings of all national teams in the world. If the prediction of the simulator is correct, Argentina and Brazil will meet in the World Cup finals for the first time in history.
FIFA 23 also predicted that the Golden Boot, the prize for the tournament’s best striker, would go to Argentine captain and French club PSG striker Leo Messi. He will score eight goals in seven matches, including the decisive goal in the championship final.
The situation will be more complicated with the choice of the winner of the Golden Glove, the prize for the best goalkeeper of the tournament. The game predicted Portuguese goalkeeper Rui Patriciu, Brazilian Alyson Becker, Croatian Dominic Livakovic and Argentine Emiliano Martinez would have an equal chance of winning the award. In the end, Martinez will receive the award as the player who has gone the furthest with his national team.
FIFA 23 also predicted some unexpected outcomes, such as the U.S. team out of the group in first place and leaving only in the quarterfinals and semi-final between Brazil and Portugal 0-0, with Brazil winning on penalties (5:4).
The third-place match will pit Portugal against reigning world champion France, who will win 4-2.
After five years of restoration, the famous Big Ben clocks in London once again tell the time to the people of London.
The thousands of parts that make up the clock were meticulously cleaned and restored. The cost of all the work was about 80 million pounds sterling ($67 million).
Hundreds of people gathered in August 2017 at the tower on which the mechanism is installed to listen to the twelve last beats of the largest bell – Big Ben – and five smaller ones before the long “vacation” of the famous clock. Some Londoners could not hold back their tears, as if they were saying goodbye to a part of their city.
And so on November 13, 2022 the inhabitants of the British capital again gathered under the clock to hear this ringing symbol of London at 11:00 local time. Now the carillon of small bells will again chime every quarter hour and Big Ben will chime every hour, as it did for 158 years before the restoration.
The day of Big Ben’s return was not chosen by chance. It is Remembrance Sunday (Memorial Day), following November 11, the date on which the cessation of hostilities in World War I in Europe between the Entente and the Triple Alliance was declared in 1918 “at 11 o’clock on the 11th day of the 11th month.”
In the past five years, the clock on the tower has rung using a temporary electric device on a few rare occasions, such as the funeral of Queen Elizabeth II.
Mounted on the 96-meter-tall Elizabeth Tower of the Palace of Westminster, as it became officially known in 2012 to mark the 60th anniversary of Elizabeth II’s reign, the bells are protected from bats and pigeons on the outside.
Attendants approach Big Ben only in special gear that protects their ears, otherwise the ringing of the 13.7-ton bell can cause serious concussion.
It is said that in the days when the tower towered over the city, the ringing of the big bell was heard 15 miles away from London in the quiet of the night. Since then, the capital has been built up with many imposing buildings, and Big Ben can at best be heard within a block of Westminster.
During restoration work, various parts of the bells were cleaned and painted, but the bells themselves remained in place. Big Ben is so large that to remove it from the outside would have required tearing down the floors of the tower. The most difficult task during the restoration was to move the clock mechanism, made in 1859 and weighing 11.5 tons, out of the tower.
And now 28 lamps illuminate the four clock faces with a light that changes from green to white to resemble as much as possible the gas lighting of the Victorian era. And another lamp, a white one, sits above the bells and lights up, indicating that Parliament is sitting in the Palace of Westminster.
On November 16, the National Bank of Ukraine cancelled licenses for 17 non-bank financial institutions and excluded 13 from the State Register of Financial Institutions, the regulator’s website reported.
Thus, on the basis of their own applications, all the licenses of the following LLCs were cancelled: FC Favorit, Capital Properties, Fin2go, Professional Payment System, Agema Finance, ICC Finance, Skye FC, Favorit FC, Parus FC, FC “Finex Capital”, FC “Tessella Asset Finance”, PO “Lombard Creditom” LLC “Autodoc” and company, FC “Center of factoring services”, FC “Sokur”.
In addition, some licenses were revoked on the basis of the applications received: FC Technofinance – for the provision of financial leasing services, Profitgid – for the provision of factoring services, the provision of financial leasing services, FC Fin Pay – for the provision of factoring services, lending funds, including a financial loan.
Based on the received applications and documents the following companies were excluded from the State register of financial institutions: PA “Lombard “Creditom”, LLC “Agema Finance”, LLC FC “Favorit”, LLC “Professional Payment System”, LLC “ICC Finance”, LLC “Capital Prospect”, FC “Tessella Asset Finance”, LLC “FC “Favorit”, LLC FC “Finex Capital”, LLC “FC “Factoring Services Center”.
LLC “Financial company “Whitepay” and LLC “Financial company “Pung” were excluded from the State register of financial institutions due to the lack of licenses for activities.
Agro-industrial group of companies Ovostar Union, one of the leading producers of eggs and egg products in Ukraine, in January-September 2022 received $2.39 million in net profit, down 16.1% compared to the same period in 2021.
According to the company report published on the Warsaw Stock Exchange website, Ovostar’s revenues fell 4.3% to $90.29 million in the reporting period, while its gross profit rose 41.1% to $15.46 million and operating profit rose 63.1% to $3.63 million.
At the same time, because of negative exchange differences of $27.55 million, the cumulative loss was $25.16 million, while in the first nine months of last year the exchange differences were positive – $6.74 million, which led to a cumulative profit of $9.59 million.
The report forecasts that egg production in 2022 will decline 14.1% to 1.452 billion eggs.
“Ovostar clarified that its 9-month revenue in the egg segment was down 3.5% to $62.76 million and 6.1% in the egg products segment, to $27.53 million.
At the same time, export revenues increased 31.6% to $37.5 million, including a 40% increase in the egg segment to $21.91 million and a 21.3% increase in the egg products segment to $15.59 million.
The amount of the company’s free cash flow at the end of September was $5.93 million, compared to $2.44 million at the beginning of the year and $0.62 million a year ago, while in Ukraine it has decreased from $1.96 million to $0.90 million since the beginning of the year.
The company’s loan debt stood at $10.8 million, compared to $12.88 million at the beginning of the year and $10.09 million a year ago.
According to the report, by the end of September 2022, Ovostar Union shares were owned by: Prime One Capital Limited (67.93%), controlled by Ovostar CEO Boris Belikov and Chairman Vitaly Veresenko; Generali Otwarty Fundusz Emerytalny (11.93% vs. 10.93% at the beginning of the year), Fairfax Financial Holdings Limited (9.09% vs. 10.39% at the beginning of the year), Aviva Otwarty Fundusz Emerytalny (5.02%).
Ovostar Union Group is a vertically integrated public holding company, one of the leading producers of chicken eggs and egg products in Europe. The producer has been a certified exporter to the EU since 2015.
The group’s holding company, Ovostar Union N.V., held a 25% IPO on the Warsaw Stock Exchange in mid-June 2011 and raised $33.2 million. The majority stake in the company is owned by Prime One Capital Limited, which is controlled by its CEO Boris Belikov and Chairman of the Board Vitaliy Veresenko.
“Ovostar reported a net income of $2.6 million in 2020 compared to a net loss of $20.0 million in 2019. Its revenue last year was down 5% to $98.9 million.
