Business news from Ukraine

Okhmatdet director accused foundation that collected money to rebuild hospital of fraud

The charity fund “Okhmatdet – Healthy Childhood”, which collected money for the restoration of the National Children’s Specialized Hospital (NCHS) after its destruction by a missile attack on July 8, is not going to transfer it to the accounts of “Okhmatdet”, said the director of NCHS Volodymyr Zhovnir.

“Since morning we have learned that BO “Charitable Foundation ‘Okhmatdet – Healthy Childhood’, does not plan to transfer funds to the account of VATB ‘Okhmatdet’. That is, as of August 16, 2024 UAH 378 million remain in the account of the BO “Charitable Foundation ‘Okhmatdet – healthy childhood’,” he wrote on Facebook on Friday.

According to Zhovnir, to raise funds, the details of the fund were made public on the pages in social networks of the hospital and its employees, in the media, as well as on the websites and pages of public authorities, public organizations and just concerned citizens.

“The fact that the fund contains in its name the name of Okhmatdet NDSB became for the benefactors an additional confirmation that the collected money will be used for the intended purpose and in no case will go for purposes unrelated to the recovery process”, – emphasized Zhovnir.

He also noted that no one had any doubts about the honesty of the fund, as they had always interacted normally with the hospital in the past. However, he argued, starting with the first public scandals and requests to transfer money, communication with the organization began to deteriorate.

“We are deeply shocked by the foundation’s decision. The hospital’s name is synonymous with responsibility, professionalism and hope. In my opinion, neither VATB nor the foundation, which bears the name “Okhmatdet”, has the right to let down Ukrainian society. However, the participants of the foundation (among whom there is not a single NDSB employee!) decided otherwise,” he said.

Zhovnir demands from the charity organization to transfer the money collected for the restoration of “Okhmatdet” to the hospital’s accounts and says that they are currently considering the possibility of breaking legal relations with the foundation because of the fact that their actions are “dishonest, as well as probably fraudulent”.

Meanwhile, an official statement from the BF says all funds raised for the hospital’s rehabilitation will remain in its accounts.

“The key thing is that all funds collected for the restoration of Okhmatdet after July 8th remain on the account of the Okhmatdet – Healthy Childhood Foundation. The fund is ready to pay for any urgent need of the hospital: medical equipment or restoration of buildings damaged as a result of the Russian attack. But we have not received a single letter from the Okhmatdet hospital about any such targeted need,” the website reported on Friday.

Representatives of the fund are also asking for legal grounds for transferring funds to treasury accounts without assignment.

“The Ministry of Health in its demands refers to Article 5 of the law “On Charity and Charitable Organizations.” However, this article of the law does not provide a legal mechanism for transferring funds collected by a benefactor to any state or other accounts without grounds. If we fulfill the requirement of the Ministry of Health to transfer the funds, we will grossly violate the law,” the statement says.

To confirm its transparency, the foundation invites the First Lady of Ukraine, Olena Zelenska, to become a member of its nabsoviet board to oversee and control the implementation of the reconstruction of the Okhmatdet hospital after the Russian terrorist missile attack.

https://interfax.com.ua/

 

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Okhmatdet director-general suspended from duty

Director General of the National Children’s Specialized Hospital “Okhmatdet” Volodymyr Zhovnir has been suspended from duty, Health Minister Viktor Lyashko said.

“Zhovnir is suspended from his duties until the completion of inspections by the National Police of Ukraine, other law enforcement agencies and a commission of the Ministry of Health,” Lyashko wrote in Telegram on Saturday.

“About further decisions will be reported additionally, including personnel decisions. My position – the acting should be a person from the heads of departments, who will receive the greatest support of colleagues. Now I am holding consultations,” he added.

According to the Minister, the facts related to the restoration of buildings Okhmatdet after the missile attack and the actions of the Charitable organization “Charitable Foundation ‘Okhmatdet’ – healthy childhood” are being studied by the National Police, there is a pre-trial investigation, investigation of the NABU and internal inspection of the Ministry of Health.

 

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Forecast of changes in discount rate of National bank of Ukraine, %

Forecast of changes in discount rate of National bank of Ukraine, %

Source: Open4Business.com.ua

Insurer “Grandvis” terminates its activity

The National Bank of Ukraine (NBU) has granted PJSC Insurance Company “Grandvis” (Chernihiv) permission to exit the market by executing the insurance portfolio and agreed on a plan for such exit, the regulator said on its website on Friday.

“After the completion of the procedure of exit from the market through the execution of the insurance portfolio “Grandvis” is obliged to apply to the National Bank with an application for annulment of the license for insurance activities,” the publication said.

It is specified that such a decision of the Committee on supervision and regulation of non-banking financial services markets of the NBU adopted on August 14. This was preceded by the decision of the company’s shareholders to withdraw from the market at the general meeting on August 9.

According to the regulator, in the first half of 2024, 86% of the insurance portfolio of IC “Grandvis” was formed at the expense of payments under hull insurance contracts, 8% – liability insurance and 4% – health insurance.

It is noted that the volume of insurance premiums of the company for January-June amounted to UAH 1,24 million, and formed insurance reserves – UAH 574 thousand. The NBU emphasized that the share of the insurer on the above-mentioned premiums in the market is 0.01%. For six months of 2024 IC “Grandvis” has paid out insurance indemnities in the amount of UAH 179 th.

IC “Grandvis” has been working in the insurance market since 1995. It specializes in risky types of insurance. The authorized capital of the company is UAH 14,3 mln.

As it was informed, in November 2023 the NBU has applied to PJSC IC “Grandvis” a measure of influence in the form of temporary suspension of licenses for activity on rendering financial services in the sphere of insurance.

The reason for the decision was the insurer’s failure to comply with the decision of April 24, 2023 on violation of accounting requirements and non-compliance with solvency and capital adequacy norms.

 

 

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Dynamics of changes in discount rate of NBU – from 2013 to April 2024

Dynamics of changes in discount rate of NBU – from 2013 to April 2024

Source: Open4Business.com.ua

Arricano paid almost UAH 82 mln in taxes and fees to budgets in first half of year

Arricano Real Estate PLC (Cyprus), a leading Ukrainian shopping center developer, paid UAH 81.6 million in taxes and fees to the budgets of all levels in the first half of 2024, and transferred more than UAH 2.5 million in charitable assistance, the company’s press service reports.
“Despite the pressure of law enforcement agencies on Arricano Real Estate PLC’s business in Ukraine in 2023-2024, the leading developer of shopping malls does not lose faith in justice and victory of Ukraine and continues to reinvest in the development of its four shopping malls, the restoration of the Sun Gallery shopping mall (after a missile attack) and the construction of the Lukianivka shopping mall, work in frontline cities, create jobs and pay taxes and fees to the state budget of Ukraine,” the company said in a release.
It is noted that the group’s companies continue to systematically support the Ukrainian defense forces and help the military, charities and public organizations. Since the beginning of the year, the amount of financial assistance has amounted to more than UAH 2.5 million.
Investments in the renovation of frontline shopping malls and the restoration of the Sun Gallery shopping mall, which was damaged by a missile attack on Kryvyi Rih in January 2024, have amounted to about UAH 51 million as of today. The release emphasizes that it took less than a month to reopen some of the stores and facilities of the Sun Gallery shopping mall. Currently, the shopping center has 74 operators, and this number continues to grow.
In the first half of the year, 84 stores and establishments with a total area of 25.4 thousand square meters were opened and renovated in Arricano shopping malls.
As reported, on June 17, 2024, at the request of the prosecutor of the Kyiv Regional Prosecutor’s Office, the investigating judge of the Solomianskyi District Court of Kyiv seized the accounts of Prisma Alpha LLC and Livoberezheinvest PrJSC, which manage CITY MALL (Zaporizhzhia) and RayON shopping mall. Later, on July 25, 2024, the Solomyansky District Court of Kyiv decided to cancel the arrest of the RayON shopping center imposed in October 2023, recognizing the prosecutor’s arguments as insufficient.
Arricano Real Estate Plc specializes in the construction of shopping malls and is one of the leading developers in the Ukrainian real estate market. The company owns and operates five shopping centers in the country with a total area of 147.6 thousand square meters: RayON and Prospekt in Kyiv, Sun Gallery in Kryvyi Rih, and City Mall in Zaporizhzhia. The company also owns 49.9% in Sky Mall (Kyiv) and land plots for further construction of three projects that are currently under design. The company is also engaged in the construction of the Lukianivka shopping center in Kyiv.
According to Opendatabot, Arricano Real Estate Plc’s revenue for 2023 amounted to UAH 36 million 155.9 thousand, which is 52.8% higher than in 2022, while net profit increased 2.28 times to UAH 7 million 167.7 thousand.