Ukrtruboizol, a research and production enterprise with foreign investments, has launched a new workshop for the production of polyethylene and pre-insulated pipes intended for main water supply and heating networks in housing and communal services.
According to a press release, the investment in the new project is more than UAH 150 million, including a 1.3 MW solar power plant that provides electricity to the new shop.
Dmytro Kysylevskyi, Deputy Chairman of the Verkhovna Rada Committee on Economic Development, announced this on his Facebook page.
According to him, the design capacity of the new shop is to produce 1200 mm diameter polyethylene pipes with a volume of up to 3.5 km per month, as well as 133 mm diameter pre-insulated pipes with a volume of 12 km per month. The shop will employ 30 people.
To partially finance this project, Ukrtruboizol took advantage of the government’s 5-7-9 affordable loan program. This program is part of the Made in Ukraine policy and allows manufacturing companies to receive concessional loans of up to UAH 150 million for investment needs.
Ukrtruboizol is Ukraine’s largest producer of large-diameter (426-1422 mm) longitudinal SAW steel pipes with anti-corrosion external and internal coating. The company employs 200 people.
The company is owned by individuals Sergiy Krasnopilsky and Igor Bilakovsky with 31.40% each, and Nikolay Kundiev with 27.4%.
“Nova Poshta, the largest logistics operator in Ukraine, has opened its first stationary branch in the Netherlands in Utrecht, and plans to open mini-branches in Amsterdam, The Hague, and Rotterdam by the end of the year. “Nova Poshta entered the Dutch market in October 2024 by launching fast targeted delivery services. The company is currently expanding its customer experience and has opened its own branch in Utrecht,” the press service said in a statement on Monday.
According to it, the branch is located at Overvliet, 2 and is open from Monday to Friday from 09:00 to 20:00, and on Saturday from 09:00 to 18:00.
Customers can send and receive documents and parcels weighing up to 100 kg at the branch.
Delivery time from Ukraine to the Netherlands is 6 days or more.
“We always strive to provide choice and convenience for our customers. That is why, in addition to fast targeted delivery, we have opened a branch in Utrecht. We see a great interest in the services of Nova Poshta from local residents, so we plan to expand further by opening mini-branches in the largest cities of the country: Amsterdam, The Hague, and Rotterdam this year,” the press service quoted Anton Chernysh, CEO of Nova Post in the Netherlands, as saying.
It is noted that each parcel is insured at the company’s expense. In the event of damage or loss, Nova Poshta guarantees full reimbursement of the estimated cost of the shipment.
It is also reported that Nova Poshta customers can call a courier to any address in the Netherlands to pick up a paid and packaged shipment. This can be done through a multilingual website, personal account or mobile application available on Google Play and the Apple Store.
The company’s digital services also allow you to create invoices, find the nearest service points, find out their working hours, and track the parcel’s movement in real time. You can pay for delivery online, including through the IDEAL payment system.
The cost of delivery between European countries is determined by the weight of the parcel and the distance to the destination country. Tariffs can be found here: https://novaposhta.ua/delivery_to_Netherlands/.
Earlier it was reported that Nova Poshta has launched courier delivery in the Netherlands, and in the near future plans to open its own branches in Amsterdam and Utrecht.
Source: http://relocation.com.ua/new-post-opens-first-stationary-office-in-utrecht-the-netherlands/
Last year, BUSIN Insurance Company (Kyiv) collected UAH 397.48 million in gross premiums, which is 35.55% more than in the same period of 2023, the Expert Rating agency reported in information on updating the insurer’s financial strength rating at the level of “uaAA” on the national scale based on the results of the specified period.
At the same time, revenues from reinsurers in 2024 increased by 55.2% to UAH 301.020 million, and the ratio between premiums due to reinsurers and gross premiums increased by 9.59 percentage points (p.p.) to 75.73%.
During this period, the company paid UAH 32.304 million in insurance claims and indemnities to its clients, compared to UAH 1.317 million in 2023.
RA also reports that last year the equity of BUSIN decreased by 19.94% to UAH 157.91 million, while its gross liabilities increased by 14.26% to UAH 133.48 million. The multidirectional movement of indicators led to a decrease in the ratio between equity and liabilities by 50.55 percentage points to 118.3%.
As of January 1, 2025, the amount of cash and cash equivalents on the company’s accounts remained virtually unchanged and amounted to UAH 253.78 million, and the level of cash coverage of liabilities decreased by 27.88 pp, to 190.13%.
According to the results of 2024, Busin’s activities were unprofitable, while in 2023 the insurer received net and operating profits. In particular, the loss from operating activities of the insurer for 2024 amounted to UAH 37.56 million, and its net loss amounted to UAH 27.29 million.
BUSIN Insurance Company was registered in February 1993. It specializes in risky types of insurance. It is a member of a number of professional and industry associations: League of Insurance Organizations of Ukraine, Insurance Claims Club, International Association of Aviation Insurers (UA), Nuclear Insurance Pool, American Chamber in Ukraine, British Business Club.
The Supervisory Board of IC “Arsenal Insurance” (Kiev) on March 20 decided to close regional directorates in Kramatorsk (Donetsk region), Kherson and Chernivtsi, according to the company’s information in the information disclosure system of the National Commission on Securities and Stock Market.
The decision has been made in connection with the change of the structure of the regional network.
IC “Arsenal Insurance” is the legal successor of IC “Arsenal-Dnepr”, operating in Ukraine since 2005. It is represented in all regional centers and some large cities of the country.
According to the NBU, the company is among the top ten leading insurers of Ukraine in terms of premiums collected in the first nine months of 2024.
In January-February this year, Ukraine’s metallurgical enterprises reduced their revenues from ferrous metal exports by 19.8% year-on-year to $419.199 million.
According to statistics released by the State Customs Service (SCS) on Tuesday, ferrous metals accounted for 6.67% of total export revenues during this period, compared to 7.67% in January-February 2014.
In February, export revenues amounted to $200.430 million.
At the same time, Ukraine increased imports of similar products by 3% to $228.165 million in January-February 2025. In February, products worth $113.656 million were imported.
In addition, in January-February 2025, Ukraine reduced exports of metal products by 5% to $144.730 million. In February, they were exported for $66.058 million.
Imports of metal products decreased by 4.7% to $137.982 million over the same period. In February, these products were imported for $61.614 million.
As reported earlier, in 2024, Ukrainian steelmakers increased revenues from ferrous metal exports by 16.9% year-on-year to $3 billion 96.343 million. At the same time, Ukraine increased imports of similar products by 13.1% to $1 billion 478.814 million last year. In December, products worth $108.227 million were imported.
In 2023, Ukraine reduced revenues from exports of ferrous metals by 41.6% compared to 2022, to $2 billion 647.72 million, with ferrous metals accounting for 7.3% of total revenues from exports of goods in this period, compared to 10.3% in 2022. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.05 million.
In addition, in 2023, Ukraine decreased exports of metal products by 16.6% year-on-year to $877.92 million, while imports of metal products increased by 40.3% to $902.57 million.
The State Property Fund of Ukraine (SPFU) has put up the single property complex of the State Enterprise Zhytomyr Distillery (Zhytomyr) for privatization at auction via Prozorro.Sale at a starting price of UAH 101.1 million, the SPFU press service reports.
According to the report, the asset includes 147 units of real estate, 47 vehicles, 1457 units of equipment, furniture, inventory, etc. It is noted that in addition, the single property complex includes a separate subdivision of the Chudniv branch of the Zhytomyr Distillery (Chudniv), non-residential premises (Vilshanka village), a built-in premises (Korosten district, Olevsk), an artesian well (Korochenky village) and two shops (Zvyagel and Lyubar village). The total area of the asset is 24,320 square meters.
The state-owned enterprise has two valid licenses: for the production of alcoholic beverages valid until April 10, 2026, and for the right to wholesale alcoholic beverages, except cider and perry, which is valid until December 27, 2026.
As of December 31, 2024, the carrying value of assets amounted to UAH 101 million 90 thousand, accounts payable – UAH 161 million 196 thousand, including UAH 11 million 133 thousand in payroll and UAH 26 million 349 thousand to the budget. The company employs 205 people.
The company has a protection agreement for a local cultural heritage site. All of the company’s property has been seized, and it is not leased. Registration for the auction will last until April 10 at 20:00. The auction will take place on April 11.
