Business news from Ukraine

Business news from Ukraine

UKRAINE DISCUSS ECONOMIC COOPERATION WITH FRANCE IN PARIS

A Ukrainian delegation headed by First Deputy Prime Minister, Economy Minister Yulia Svyrydenko is on an official visit to Paris, it is planned to pay special attention in the talks to joint infrastructure projects, as well as the participation of French companies in the Big Construction program and the creation Ukrainian national air carrier.
“During the one-day stay of the delegation, the First Deputy Prime Minister of Ukraine will meet with Minister of Economy, Finance and Recovery of France Bruno Le Maire. In addition, a number of meetings are planned with French partners, in particular, leading French companies Airbus, Alstom and Bouygues,” the Economy Ministry said on its wesite on Wednesday.
The visit takes place in order to implement the agreements between the leaders of Ukraine and France and in the context of the planned visit of French President Emmanuel Macron to Ukraine, the ministry said.
Svyrydenko said on Facebook that among the issues of French-Ukrainian cooperation are the attraction of financial guarantees or a direct loan from the French government, the development of promising nuclear energy projects: cooperation between the Ukrainian Energoatom and EDF is essential, as well as consultations on holding the World Exhibition EXPO in Ukraine 2030.
In addition, within the signed memorandum of understanding, the parties will touch upon the issues of cooperation between the national air carrier and Airbus, under the signed intergovernmental agreement on the supply of 130 locomotives manufactured by Alstom for Ukrzaliznytsia, the organization of the conversion of Airbus passenger aircraft into cargo aircraft on the basis of SOE Antonov (Kyiv).

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SHMYGAL PLANS TO SIGN THE ACAA AGREEMENT WITH THE EU IN 2022

Prime Minister of Ukraine Denys Shmyhal announces the possibility of signing an Agreement on Conformity Assessment and Acceptance of industrial products (ACAA) with the European Union, the so-called “industrial visa-free travel” until the end of 2022.
“The interaction of the parties in the framework of the preliminary assessment and regular reports on the implementation of the recommendations provided give us reason to hope for the signing of the ACAA Agreement by the end of 2022,” Shmyhal said at a meeting of the Commission on Coordinating the Implementation of the Association Agreement between Ukraine and the EU on Wednesday.
In addition, according to him, Ukraine expects to join the joint EU transit procedure also in 2022.
In addition, among the priorities of the government is the conclusion of an agreement with the EU on the liberalization of international transit freight traffic.

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TAS INSURER PAYMENTS INCREASES BY 8% IN DEC

TAS Insurance Group (Kyiv) in December 2021 paid UAH 102.86 million under insurance contracts, which is 8% more than the amount of compensation paid by the insurer in December of the year before last, according to the company’s website.

Thus, according to the policies of compulsory insurance of car owners’ civil liability, TAS reimbursed the victims UAH 39.13 million, which is 38.04% of the company’s total payments for the month.

The second place in the December portfolio of payments of the insurer with a share of 25.54% is occupied by KASKO with UAH 26.27 million.

Under Green Card policies, the company paid UAH 16.34 million, which is 15.89% of the company’s total payments for the month and is 25.9% higher than the corresponding figure for the reporting period of 2020.

The share of voluntary medical insurance in the insurer’s payout portfolio in December amounted to 15.5%, or UAH 15.94 million.

At the same time, under property insurance contracts, the company reimbursed UAH 2.42 million, which is 4.4 times more than the corresponding figure for December of the year before last.

Under other insurance contracts, TAS paid compensation in the amount of UAH 2.76 million for the 12th month of last year.

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UKRAINE’S TRANSPORTATION OF GOODS RAISES UP BY 3.3% IN 2021

The transport enterprises of Ukraine (excluding the territory of the Autonomous Republic of Crimea and Sevastopol, as well as part of the JFO zone) in 2021 increased transportation of goods by 3.3% compared to 2020 – up to 619.9 million tonnes, the State Statistics Service reported.
According to its data, the cargo turnover of carriers for 2021 amounted to 99.7% of the figure for 2020 – 289.254 billion tonne-kilometers.
According to statistics, in 2021, some 314.3 million tonnes of goods were transported by rail in domestic traffic and for export, which is 2.9% more than in 2020. Some 222.6 million tonnes (up 16.2%) were transported by road, 5.3 million tonnes (down 4.8%) by water, 77.6 million tonnes (down 20.4%) by pipeline, 100,000 tonnes by air (down 7.3%).

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THANKS TO INTERNATIONAL COOPERATION, MEGABANK ATTRACTED MORE THAN 360 MILLION DOLLARS TO THE ECONOMY

Loan programs implemented by MEGABANK JSC in cooperation with international institutions to support local SMEs, finance energy efficiency projects, support export and other areas.
Today MEGABANK JSC cooperates with a number of international institutions, and the main strategic direction of the bank remains support of SMEs.
According to Olexandr Shypilov, Deputy Chairman of the Management Board of MEGABANK, since the beginning of cooperation with foreign institutions (since 2007), the bank has concluded 62 international agreements for a total of USD 366,731,000.
In particular, in 2021, the bank continued cooperation with the European investment bank within the framework of the project ‘APEX loan for SMEs and MID-CAPs’. Thanks to it additional 10 million euros were raised for the investment needs of small and medium-sized enterprises and working capital financing.
In 2022 MEGABANK JSC plans to continue working on the implementation of joint projects with international partners. Among them are Triodos, FMO (the Netherlands), BlueOrchard and responsAbility (Switzerland) and EFSE (Luxembourg), as well as launching new projects with European funds, including Incofin (Belgium), OeEB (Austria), Triple Jump (the Netherlands) Enabling Qapital (Switzerland).
– It is planned that the funds within the framework of this cooperation will be used to finance micro, small and medium-sized businesses, – said Olexandr Shypilov.
MEGABANK JSC has been operating in the financial market of Ukraine for 31 years. As of December 1, 2021, the bank serves 723,811 clients, and 155 branches operate in Ukraine. The bank’s assets amount to UAH 9,819 million.