Business news from Ukraine

Business news from Ukraine

Insurer “Providna” reduced this year collection of gross premiums and payments to customers

Providna Insurance Company (Kyiv) collected UAH 734.7 million in gross premiums in January-September 2022, which is 23.3% less than the volume for the same period a year earlier, according to the information of the company posted in the information the basis of the National Commission for Securities and the Stock Market (NKTSBFR).
At the same time, it is noted that during the reporting period, the company collected UAH 734.7 million in net premiums (-9.9%). At the same time, premiums transferred to reinsurance increased by 33.8% to UAH 5.309 million
For 9 months In 2022, the company paid UAH 371,167 million, which is 14% less than in the same period a year earlier.
Gross profit increased by 12.5%, to UAH 290.443 million, administrative expenses by 2.4%, to UAH 43.673 million, financial result from operating activities increased by 87%, to UAH 144.946 million, net profit increased by 75.5%, to UAH 130.503 million
The key shareholder of PrJSC IC Providna is IIC Ukraine BV (Netherlands), which owns 99.999692% of the shares of the insurer, and the ultimate beneficial owner is Willem Jakob Westerlaken.

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Ukraine has allocated more than UAH 320 million for grants for processing and development of orchards

At a meeting on Friday, the government allocated UAH 320.9 million to provide grants for the creation or development of processing enterprises and for laying orchards as part of the eWork project, the Ministry of Economy reported on Friday.
The agency clarified that UAH 306.5 million of the allocated funds will be directed to the development of processing: 47 applicants will receive grants – 40 legal entities, 5 sole proprietors and two individuals who intend to carry out entrepreneurial activities in the electrical equipment and non-metal mineral products industries.
UAH 14.5 million were allocated for grants for the development of horticulture. They will be received by three farms that plan to plant 40 hectares of land with orchards, raspberries, pigeons and blueberries.
As First Deputy Prime Minister – Minister of Economy Yulia Sviridenko noted, entrepreneurs who receive the allocated funds will be able to create more than 900 permanent and seasonal jobs when implementing their business projects.
“In general, we have already transferred more than UAH 220 million to grant recipients in various areas of eWork,” Sviridenko said.

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Dniprovagonmash received UAH 6 million in net profit

Dneprovagonmash JSC (DVM, Kamianske, Dnipropetrovsk region), a large railcar building company in Ukraine, controlled by the TAS financial and industrial group of businessman Serhiy Tigipko, completed January-September with a net profit of UAH 6.15 million, while in the first nine months of 2021 the loss was UAH 97.7 million.
According to the interim reporting of the company (non-consolidated), published on Friday in the information disclosure system of the National Commission for Securities and Stock Market (NCSMFR), its net income increased by 2.2 times – up to UAH 849.86 million.
The plant received UAH 81.6 million in gross profit (against a loss of UAH 28 million a year earlier), and operating profit amounted to UAH 11.75 million (a loss of UAH 101.4 million).
As reported, DVM in the first half of this year increased its net income by 2.3 times compared to the same period last year – up to UAH 493 million, and reduced the loss by 67%, to UAH 25 million.
Thus, in the third quarter of 2022, it more than doubled its net income to UAH 357 million and received UAH 31.14 million of net profit against a loss of UAH 22 million in July-September 2021.
The report says that in the first nine months of this year, DVM produced 468 railcars, mainly gondola railcars and flatcars for large-tonnage containers.
“Dneprovagonmash” is one of the leading Ukrainian enterprises in the design and manufacture of freight cars.
As reported, in January-September 2021, against the backdrop of a crisis situation in the railcar building of Ukraine, the plant received a net loss of UAH 97.7 million, with a decrease in net income by 38.7% to UAH 384.4 million.
In total, last year DVM reduced the production of freight cars by 39.2% – to 477 units, sales – by 44% to 461 units. In total, 1.9 thousand wagons were produced in Ukraine.

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Cabinet of Ministers, within framework of eWork program, allocated more than UAH 320 million for creation and expansion of new enterprises

The Cabinet of Ministers of Ukraine has allocated more than UAH 320 million for the creation and expansion of new enterprises under the eWork program, Prime Minister Denys Shmygal announced
“As for incentives to support and develop businesses, today we have a decision to allocate more than UAH 320 million for the creation and expansion of new enterprises under the eWork program,” he said at a government meeting on Friday.
The prime minister specified that UAH 306 million was allocated in the form of non-refundable grants for the creation of 47 new processing enterprises, and about UAH 15 million more for the creation of new agricultural enterprises in the field of growing berries and horticulture.

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Russia suspends participation in the agreement on the export of grain from the ports of Ukraine

The Russian military reported that Moscow was suspending its participation in the execution of agreements on the export of grain from the ports of Ukraine.

“The Russian side suspends participation in the implementation of agreements on the export of agricultural products from Ukrainian ports,” the Russian Defense Ministry said on Saturday.

The number of refugees from Ukraine in Europe has reached 4.43 million – UN

The number of refugees from Ukraine registered for temporary protection or similar national protection schemes in Europe reached 4 million 426.75 thousand as of October 25, 2022, the Office of the United Nations High Commissioner for Refugees (UNHCR) reported on its website.

For the month since September 30, the growth amounted to 242.9 thousand, while for the previous month – about 214.3 thousand, and in total since the end of May – about 1.5 million.

The largest increase over the past month was shown by Germany (data for October 8) – about 106 thousand, Poland – about 60 thousand, Czech Republic – about 14 thousand.

According to UNHCR data collected from national governments, the largest number of refugees with temporary protection status in Poland is 1 million 469.03 thousand, while 7.365 million people have arrived in the country from Ukraine, according to the Polish border service, since the beginning of the war, and in the opposite direction departed to Ukraine 5.547 million.

Following are Germany and the Czech Republic, where the number of refugees registered for temporary protection from Ukraine amounted to 815.13 thousand and 452.91 thousand, respectively.

The UN, referring to government data, indicates that in total in Germany, where Ukrainians were allowed to stay without registration until the end of August, 1 million 2.67 thousand refugees from Ukraine were recorded, which is only 5 thousand more than a month ago.

In the Czech Republic, the situation, according to UN information, is different: almost all arrivals applied for protection status – 452.91 thousand out of 453.10 thousand.

In the vast majority of other countries, the picture is similar to the Czech Republic: the statistics of registered refugees is completely or almost equal to the statistics of those who applied for protection status, which is probably due to the peculiarity of their registration and the completion of the 90-day period of stay under the visa-free regime. An exception, similar to Germany, is only Estonia – 37.66 thousand with the status of 60.98 thousand refugees registered in the country and partly Romania – 76.16 thousand out of 86.21 thousand.

Italy is still in fourth place in terms of the number of registered refugees from Ukraine – 160.67 thousand (an increase of 3 thousand), and Spain closes the top five – 149.21 thousand (an increase of 4.5 thousand).

Following are Bulgaria with an indicator of 142.81 thousand (an increase of 6.6 thousand), the only one in which the number of registered with the status of temporary protection is much higher than the number of registered refugees from Ukraine – 55.26 thousand, the UK – 138.4 thousand. (growth by 6.7 thousand) and France – 105 thousand (data as of September 26).

From 50 thousand to 100 thousand refugees from Ukraine with the status of temporary protection also in Slovakia – 98.57 thousand (an increase of 3.4 thousand), Austria – 84.76 thousand, the Netherlands – 79.25 thousand ( data as of September 30), Lithuania – 68.93 thousand, including Switzerland – 66.81 thousand (an increase of 5 thousand), Ireland – 60.51 thousand (an increase of 5.7 thousand), Belgium – 57.83 thousand and Portugal – 52.88 thousand (data as of October 3), as well as Romania mentioned above.

Following with indicators from 25 thousand to 50 thousand are Sweden – 47.38 thousand, Latvia – 40.67 thousand, Finland – 42.29 thousand. Denmark is also in this category – 34.41 thousand, Hungary – 31.29 thousand, Norway – 30.57 thousand, as well as Estonia, which was discussed above.

From 10 to 25 thousand refugees from Ukraine with the status of temporary protection in Greece – 20.0 thousand, Croatia – 18.93 thousand and Cyprus – 17.63 thousand.

In addition, the UN statistics on those who received the status of temporary protection include refugees of Ukraine in Slovenia – 7.90 thousand, Luxembourg – 6.76 thousand, Montenegro – 6.65 thousand, Iceland – 1.77 thousand, in Malta – 1.42 thousand, in Serbia and Kosovo – 1.04 thousand and Liechtenstein – 0.4 thousand.

The UN also indicated the countries in which refugees from Ukraine were recorded, but there is no data on their status: Turkey (data as of May 19) – 145 thousand, Moldova – 95.73 thousand, Georgia – 26.79 thousand, Northern Macedonia – 6.16 thousand, Azerbaijan – 3.93 thousand, Albania – 2.62 thousand, Armenia – 0.49 thousand and Bosnia and Herzegovina – 0.13 thousand.

Separately, the UN indicates Russia and Belarus, the Ukrainian border with which 2 million 852.4 thousand and 16.7 thousand people, respectively, crossed, however, after October 3, data for Russia ceased to be updated, while for Belarus they are even older. According to the UN, all those who crossed the border were recorded in the Russian Federation, while in Belarus – 15.93 thousand. There is no data on obtaining the status by them, as well as data on crossing the border of Ukraine in the opposite direction.

According to UNHCR data, as of October 25, a total of 14.592 million people have left Ukraine since the beginning of the war (excluding entry flow), of which 7.114 million went to Poland, 2.852 million to Russia (data as of October 3), and Hungary to 1.629 million people, Romania – 1.426 million people, Slovakia – 888.4 thousand people, Moldova – 670.2 thousand people, Belarus – 16.7 thousand people.

At the same time, according to the UN, from February 28 to October 25, 7.144 million people entered Ukraine (excluding data from Hungary, the Russian Federation and Belarus).

“Since the beginning of the Russian invasion, almost a third of Ukrainians have been forced to leave their homes. This is one of the largest displacement crises in the world today. In Ukraine, about 6.2 million people remain displaced by war,” says UNHCR, which downgraded its estimate of internally displaced people in October persons per 0.8 million people.

UNHCR indicates that by mid-2021 there were only 53.47 thousand Ukrainian refugees in the world who applied for the appropriate status, of which 36.49 thousand were in Europe.

As of mid-2020, the UNHCR estimated the Ukrainian diaspora in the world at 6.1 million, including 5 million in Europe.

Source: https://data.unhcr.org/en/situations/ukraine#_ga=2.228732760.514168680.1646989952-176134281.1646551413

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