Business news from Ukraine

Business news from Ukraine

MTIBU increases cost of policies for those traveling abroad by more than quarter

The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) introduces new tariffs for Green Card policies for those traveling abroad from July 26, 2022, according to the Bureau’s website.
According to a message on the bureau’s website, MTIBU has recalculated the cost of Green Card insurance certificates, which are being introduced upward by 26.3%.
The last change in tariffs was on July 18, 2022, downward by 4.4%.
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 913 (previously – UAH 723), for buses – up to UAH 3,429 thousand (UAH 2,715 thousand), for trucks – up to UAH 2.153 thousand (UAH 1.705 thousand).
The cost of the “Green Card” for one month for cars is now UAH 1.453 thousand (previously UAH 1.150 thousand), buses – UAH 4.763 thousand (UAH 3.772 thousand), trucks – UAH 2.858 thousand (UAH 2.263 thousand) .
The cost of semi-annual and annual Green Card policies for cars is UAH 6,451 thousand and UAH 7,986 thousand, respectively, for buses – UAH 16,673 thousand and UAH 30,964 thousand, for trucks – UAH 13,529 thousand and UAH 25,534 thousand respectively.
The cost of policies for trips to Azerbaijan and Moldova for cars for 15 days will be UAH 665, for one month – UAH 978, for six months – UAH 2.242 thousand, for the year – UAH 3.193 thousand.
The amounts of unified insurance payments under international compulsory civil liability insurance contracts for owners of land vehicles are established by the Cabinet of Ministers on 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 47 countries of Europe, Asia and Africa.
According to the decision adopted by the General Assembly of the Council of Bureaux of the International Auto Insurance System “Green Card” in Luxembourg in May 2004, Ukraine has been a full member of this system since January 1, 2005.

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Central bank official rates of banking metals as of July 26

Central bank official rates of banking metals as of July 26

One troy ounce=31.10 grams

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Centravis resumed its production in Nikopol

PJSC Centravis Production Ukraine (Centravis Production Ukraine), part of the Centravis Ltd. holding, has resumed the production process after it was suspended last week due to shelling by Russian invaders of the city of Nikopol, Dnepropetrovsk region, where the company’s assets are located.
“Last week, we suspended production due to the tense situation in Nikopol. The shelling of Nikopol, fortunately, stopped. The employees of Centravis were not injured. The production equipment was not damaged. Today, the company’s team decided to resume production,” said the director of Chief Sales Officer, CSO Artem Atanasov in a letter to clients on Monday.
According to him, the production works in one shift.
In turn, sales managers continue to take orders.
“We are observing all security measures,” Atanasov stressed.
As reported, Centravis last week continued to ship products despite the suspension of production. At the same time, the supply of blanks to the enterprise was stable.
Centravis is one of the world’s largest manufacturers of seamless stainless steel pipes, founded in 2000. Its production facilities are located in Nikopol (Dnepropetrovsk region). Included in the top 10 global players, supplies pipes to more than 70 countries from different regions, in particular to Thyssenkrupp, Buhlmann, BMW, Alstom, Linde, Samsung, Volkswagen.
Before the Russian aggression, more than 1,400 people worked at the enterprise.
Holding Centravis Ltd. was created on the basis of CJSC “Nikopol Stainless Pipe Plant”, service and trading companies LLC “Production and Commercial Enterprise “UVIS”. Its shareholders are members of the Atanasov family.
Owned by Centravis Ltd. 100% of the shares of PJSC “Centravis Production Ukraine” is located.

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PM of Ukraine said that in autumn international conference on restoration of Ukraine could be held in Germany

Prime Minister of Ukraine Denys Shmihal says that the Ukrainian authorities expect to hold an international expert conference in Germany on the restoration of Ukraine in autumn.
“We appreciate Germany’s contribution to ensuring the unity of the European Union in support of Ukraine and measures to counter full-scale Russian aggression. I also want to thank the German side for the fact that, following the results of the G7 summit, German Chancellor Olaf Scholz announced the convening of an international expert conference on the restoration of Ukraine and the creation of an appropriate recovery plan within the framework of the German G7 presidency,” the government press service quotes Shmyhal after a meeting with German Federal Minister of the Interior Nancy Feser and German Federal Minister of Labor and Social Affairs Hubertus Geil.
The prime minister stressed that Ukraine expects such a conference to be held this autumn in Germany, and according to him, the European Commission also expressed its readiness to join the event.
In addition, Shmigal thanked Germany for providing Ukraine with 1 billion euros in grant financial assistance.
The parties also discussed the development of projects in the social sphere, as well as the issue of recognition of Ukrainian documents in the Diya application.
In turn, German Federal Minister of the Interior Nancy Feser said that Germany is ready to help in clearing Ukrainian territories and will do everything in its power to help Ukraine in the war.

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President of European Commission Ursula von der Leyen: EIB approves EUR1.59 bln for Ukraine

The European Investment Bank (EIB), with the support of the EU budget, has approved funding for Ukraine in the amount of EUR1.59 billion, of which EUR1 billion will be provided immediately, President of the European Commission Ursula von der Leyen said.
“The EIB, with EU budget support, approved EUR1.59 billion of financing for Ukraine, with EUR1 billion to be released immediately. It will help rebuild infrastructure and resume services. And support energy, transport and education projects for the future,” she said on Twitter.
“This is the second package of support for Ukraine under the EIB Ukraine solidarity urgent response developed in close cooperation with the European Commission. It follows an emergency support package of EUR668 million fully disbursed within a month of the war’s beginning. Like the first one, this new financing is offered at favorable terms including long tenors,” the EIB said on its website.
“Immediate financial assistance will total EUR1.05 billion. This will consist of upfront disbursements under eight existing finance contracts. It will help the Ukrainian government to cover priority short-term financing needs, provide support to strategic state-owned companies, ensure urgent repairs of damaged infrastructure, resume the provision of disrupted municipal services, and support urgent energy and energy efficiency measures in preparation for the cold season,” the report says.
“The second block will be resuming implementation of EIB-financed projects in Ukraine totaling EUR540 million where possible, excluding areas of active hostilities and territories not controlled by the Ukrainian government. The selected projects will cover energy, energy efficiency, roads, transport, education and infrastructure, as well as reconstruction and recovery programs. The exact timing of these disbursements will depend on the state of advancement of underlying projects,” the release reads.
“The European Commission will keep working with EU member states and our international partners to support Ukraine on every level — for as long as it takes,” Valdis Dombrovskis, European Commission Executive Vice President, said.
“To rebuild Ukraine, we need strong global support and growing financial assistance. I am grateful to the EIB and the European Union for the long-standing cooperation and financial support and for standing with Ukraine for as long as it takes,” Finance Minister of Ukraine Serhiy Marchenko said.

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Construction of over 5,700 objects starts in Ukraine since war start

The State Inspectorate for Architecture and Urban Planning of Ukraine processed over 16,000 requests from customers during the period of martial law, its press service reported.
“It is too early to talk about the restoration of the pre-war pace of construction, there are areas where it is not being carried out at all, however, we note a positive trend towards intensifying construction compared to previous months,” the inspectorate said in a Facebook post.
According to it, for the period from March 15 to July 15, the chief inspectors of the construction supervision processed 5,700 messages about the start of construction work and 420 permits for their implementation, as well as 8,900 declarations about the readiness of the facility for operation (including amnesty), and 344 certificates of acceptance of the object into operation. At the same time, 1,300 changes were made to messages, declarations and permits.
The inspectorate notes that most of the applications for the acceptance of objects into operation during martial law came from Kyiv region. At the same time, customers from Lviv, Kyiv, Khmelnytsky regions most actively applied for a permit for construction work.
According to it, a significant part of the issued construction permits relate to the overhaul or reconstruction of social infrastructure facilities, especially medical facilities. Among the applications received for new construction: a sheet glass plant in Kyiv region, a kindergarten-nursery in Dnipropetrovsk region, a water park in Zakarpattia regions, etc.