Delta-Lotsman branch of the state enterprise Administration of Sea Ports of Ukraine announced a tender for voluntary insurance of employees against accidents on December 3, according to the electronic public procurement system Prozorro. As reported, the expected cost of services is UAH 4.333 million. Tender offers are accepted until December 11.
SE “Delta-Lotsman” was established by order of the Ministry of Transport of Ukraine in 1998 in order to improve the conditions for ensuring safety of navigation, protection of human life at sea and the environment, in the territorial sea of Ukraine in accordance with the requirements of international agreements and conventions, as well as to streamline the structure of marine pilot services in the north-western part of the Black Sea.
IC “Express Insurance” (Kiev) in January-October 2024 collected insurance premiums in the amount of UAH 759,1 mln, which is by 31,3% more than the same period of 2023.
According to the insurer’s website, twice as many contracts were concluded during this period.
Premiums on CASCO amounted to UAH 593,8 mln (+18,6% to 10 months-2023), on MTPL -145 mln UAH (2,3 times more), VHI -9,8 mln UAH (+9,1%). On other types of insurance UAH 20,3 mln (+36,8%).
The company also reports that in October 2024 attracted UAH 82.7 mln of premiums, which is 20.2% more than in October last year. Including premiums on CASCO amounted to UAH 63,1 mln (+8,6%), on MTPL – UAH 17,5 mln (+95,5%).
As reported, IC “Express Insurance” in January-October 2024 made payments in the amount of UAH 427,2 mln, which is by 57,5%, or by UAH 155,9 mln more than in the same period of 2023.
Including payments under CASCO amounted to UAH 357.5 mln (+51.1%), under CMTPL insurance – UAH 58.5 mln (2.3 times more), payments under other insurance contracts – UAH 11.2 mln (+16.7%).
At the same time, the company reports that in October-2024 payments to clients amounted to UAH 48 mln (+33.7%) more than in October-2023. In particular, the company paid UAH 38.4mn (+22.4%) under hull insurance contracts, and UAH 8.7mn (+2.5 times) under CMTPL insurance contracts.
Express Insurance was founded in 2008 and is a part of UkrAVTO group of companies. The company specializes in automobile insurance. Stable high speed of events settlement in IC is provided by optimal interaction with partner service stations.
Since April, 2012 IC Express Insurance has been an associated member of the Motor Transport Insurance Bureau of Ukraine.
NAEK Energoatom and Kyivzelenstroy in October became the biggest violators of the localization law, having purchased a total of more than UAH 20 million worth of machine-building goods from foreign manufacturers, Deputy Head of the Parliamentary Committee on Economic Development Dmytro Kisilevskyy said with reference to the monitoring of public procurement by the analytical center CMD Ukraine.
“It is impossible not to note the cynicism with which the heads of some state enterprises steal from the Ukrainian state. “Energoatom” directly in the title of the tender as the subject of purchase specifies the Turkish international bus ”AR-Temsa Prestij SX or equivalent.” Can you imagine that, for example, the mayor’s office of Istanbul indicated “Etalon bus of Chernihiv automobile plant or equivalent” as the subject of purchase in its tender?” – wondered the MP on his Facebook page.
He added that “Kyivzelenstroy” also specified a Turkish backhoe loader TLB 870 Mecalak or equivalent as the subject of the purchase.
Kisilevskyy reminded that Ukrainian manufacturers can 100% meet the needs of Ukrainian state institutions and communities, in particular, in buses or excavators.
The parliamentarian once again emphasized that he was sending information about the eight purchases with the most gross violations to the Ministry of Economy and the State Audit Service for response.
Among the eight biggest violators of the localization legislation are the State Enterprise “Ukraine”, which purchased a Turkish bus for UAH 7.15 million, a village council in Dnipropetrovsk region, which bought a Chinese bus JAC Sunray for UAH 1.85 million, as well as other local companies with purchases of a Turkish diesel generator for UAH 1.09 million and a Chinese tractor for UAH 0.62 million.
According to the monitoring data CMD Ukraine, cited by the MP, in October in “Prozorro” published information about 810 purchases of engineering goods worth 10 billion UAH, which are subject to the requirement of localization, with violation of the requirement revealed in 151 tenders (18.6%).
The legislation on localization in 2024 requires in public procurement of machine-building products to contain at least 20% of the component produced in Ukraine. At the same time, new rules for keeping the Register of localized goods have been in force since July 2.
The number of foreign tourists who visited Spain in October increased by 9.5% year-on-year to 8.96 million people, according to the national statistics office INE.
This is a record figure for October in the entire history of observations, that is, since 1995.
Most of the tourists came from the UK last month – 1.79 million (+4.8% compared to October 2023), followed by Germany (1.3 million, +14% yoy), and France (1.16 million, +16.7% yoy).
The number of visitors from other European countries increased by 14.7% to 817.28 thousand people.
In October, 7.49 million tourists arrived in Spain by air (+7.8% yoy), 1.19 million by road (+17.7%), 265.48 thousand by water (+30.7%), and 27.18 thousand by rail (-2.5%).
Catalonia received the largest number of tourists (20.4% of the total), followed by the Balearic Islands (17.8%) and Andalusia (15.3%).
Total expenditures by visitors to the country increased by 15.5% year-on-year to 11.9 billion euros, or an average of 1,327 thousand euros per person. Tourism accounts for 12-13% of Spanish GDP.
In January-October, tourist arrivals to Spain increased by 10.8% to approximately 82.9 million people.
State-owned Ukrgasbank (UGB, Kyiv) has provided a UAH 226.6 million loan to Silpo supermarket chain to purchase more than 60 diesel generators, according to a press release from the financial institution.
“Uninterrupted power supply to supermarkets will contribute to their stable operation and, most importantly, guarantee the country’s food security,” the press service quoted Tetyana Parchevska, Director of Corporate Banking and Transaction Business at Ukrgasbank, as saying.
The state-owned bank did not disclose the rate at which the financing was provided or its term, citing the terms of the agreement.
According to the National Bank of Ukraine, as of October 1 this year, Ukrgasbank ranked 30th (UAH 199.05 billion) among 62 banks operating in the country in terms of total assets. The financial institution’s net profit for the first nine months of this year amounted to UAH 4.67 billion, while in the same period last year it was UAH 2.92 billion.
Silpo-Food LLC was established in early August 2016. According to Opendatabot, the founder of the company is PJSC Closed Non-Diversified Venture Corporate Investment Fund Retail Capital (100%, Kyiv), with Volodymyr Kostelman as the ultimate beneficiary. The chain’s total revenue in 2023 amounted to UAH 84.73 billion, which is 21% higher than in 2022.
According to its website, Silpo has 306 supermarkets in 60 cities of Ukraine and four Le Silpo delicatessens in Kyiv, Dnipro, Kharkiv and Odesa.
Maksim Urakin, Founder of the Experts Club Information and Analytical Center, PhD in Economics, shared his observations on key indicators and risks for the Ukrainian and global economies as of November 2024.
Macroeconomic situation in Ukraine
According to Maksim Urakin, Ukraine’s economy continues to show slow growth.
“According to the National Bank, in October 2024, Ukraine’s GDP grew by 1.3% compared to October last year. This is worse than the September figures, but significantly better than the data for the summer months. However, there are negative trends in agriculture. This year’s harvest was significantly lower than last year’s, which hit the agricultural sector, one of the key drivers of the economy,” said Maksim Urakin.
The expert also pointed to a sharp deterioration in the foreign trade balance.
“The deficit of foreign trade in goods increased by almost 6% over the first nine months, reaching a frightening $20 billion. The main reasons for this were the growth of energy imports and the lack of labor at export-oriented enterprises,” Urakin added.
According to the expert, Ukraine’s national debt is also a cause for great concern.
“As of October 2024, the debt is already 6.4 trillion hryvnias, or about $155 billion. At the same time, international reserves have decreased by more than $2 billion and amount to $36 billion,” Urakin emphasized.
Global economy: challenges and prospects
At the global level, the key risks are associated with the growing debt burden.
“Global public debt already exceeds $100 trillion, which is 93% of global GDP. In the coming years, this figure will continue to grow, which puts additional pressure on the budgets of most countries,” Urakin said.
The economies of developed countries, according to the expert, show heterogeneous dynamics. The United States is showing steady growth, with its GDP increasing by almost 3% in the third quarter. At the same time, the eurozone economy is actually stagnating, and Germany has faced zero dynamics, the economist said.
At the same time, China continues to play a key role in the global economy. “In the third quarter, China’s GDP growth remained at 5%, but the pace slowed due to geopolitical tensions and internal problems, particularly in the construction sector,” said Maksim Urakin.
Looking to the future
Maksim Urakin expressed cautious optimism about the long-term prospects.
“The global economy is facing many challenges, including inflation, geopolitical conflicts and protectionism. However, despite all the difficulties, there are reasons to believe that growth will continue at least within moderate limits,” he concluded.
The expert also called for more active international coordination to overcome economic challenges.
“Stability requires joint efforts, and only through dialogue and cooperation will we be able to minimize risks,” summarized Maksim Urakin.
You can learn more about current trends in the global economy in the video on the Experts Club YouTube channel: https://www.youtube.com/watch?v=grE5wjPaItI
You can subscribe to the channel here: https://www.youtube.com/@ExpertsClub
