GRAWE Ukraine insurer (Kyiv) in January-September 2021 collected UAH 92.503 million in net premiums, which is 18.4% more than in the same period last year, according to the company’s report posted in the information disclosure system of the National Securities and Stock Market Commission.
It is also noted that the company’s gross premiums for the reporting period increased by 24.5%, to UAH 104.247 million. Some UAH 6.031 million was transferred to reinsurance (more by 5.6%).
For the nine months, the company paid out UAH 56.727 million, which is 18.5% more than in January-September 2020.
Administrative expenses of the company amounted to UAH 11.363 million (less by 5.7%), sales expenses – UAH 37.271 million (more by 12.7%).
Pretax financial result was a loss of UAH 10.037 million against a negative financial result of UAH 4.539 million for the nine months a year earlier. Net loss was UAH 13.164 million against its indicator of UAH 7.050 million in January-September last year.
INPRO insurance company became a member of the Austrian financial concern GRAWE (Grazer Wechselseitige Versicherung AG) on April 10, 2008 and was renamed PrJSC Insurance Company GRAWE Ukraine. The regional network of the company includes about 23 customer service centers throughout Ukraine.
Kyiv authorities will not close public transport in connection with the tightening of quarantine restrictions in the capital, however, passengers will need to provide a certificate of vaccination against coronavirus or a negative PCR test, mayor of Kyiv Vitali Klitschko has said.
“We are not going to close public transport, it will work, but only passengers who have a vaccination certificate or a negative PCR test must travel in it. Documents will be checked not at the entrance to the transport, but by special groups of law enforcement officers on a selective basis,” Klitschko said at a briefing on Thursday.
The mayor stressed that the measures are being introduced because “there are no other options” to save lives and health of people and prevent the collapse of the medical system, which may not withstand a large number of patients.
Sberbank in the third quarter classified the assets of its subsidiary bank in Ukraine as blocked owing to legislative restrictions that do not allow full disposal of these assets, Sberbank said in a statement.
According to Sberbank’s Q3 2021 International Financial Reporting Standards (IFRS) statement, the Russian credit institution is prohibited from transferring funds and other assets of the Ukrainian subsidiary to other companies of the group. Consequently, Sberbank has created reserves for these assets totaling 33.3 billion rubles.
The Supreme Court of Ukraine in August 2021 ruled in favor of Oschadbank, thereby banning the Ukrainian subsidiary of Russia’s largest bank from using the Sberbank trademark in Ukraine.
“We are now considering various options. Perhaps before the New Year, we will come up with a decision; however, unfortunately for now, this is a sore subject for us. Thus far there is no obvious decision,” Sberbank CEO and Chairman of the Executive Board Herman Gref said in September when commenting on the situation.
Gref noted the high uncertainty regarding the fate of the Ukrainian subsidiary.
“We have a court decision regarding the non-use of our brand, and now we are engaged in the renaming of our Ukrainian subsidiary, though new sanctions have come into force there as of July 1, thereby formally rendering the sale process extremely difficult for us, adding of course to the uncertainty of the fate of our Ukrainian assets,” Gref said.
Ukrainian Sberbank, previously NRB bank, was founded in 2001. Russian Sberbank is its sole owner.
For the oxygen needs of patients with COVID-19, some 35 oxygen producers have been involved, including 23 medical and 12 technical oxygen producers, Minister of Health of Ukraine Viktor Liashko has said.
“Today, not a single patient, not a single hospital in the country is left without oxygen. Yes, in certain hospitals and regions there is increased demand for oxygen, but it is controlled and issues are resolved promptly and in a team,” he said at a briefing on Thursday.
Liashko said that Ukraine is currently at its maximum values in terms of the daily number of new cases, hospitalizations and deaths. Thus, 47,380 patients with a diagnosis of COVID-19 were hospitalized.
Currently, 480 hospitals provide medical care to patients with COVID-19, they have more than 70,000 beds for patients with COVID-19, of which more than 66,000 are with oxygen. Patients with COVID-19 or with suspected disease occupy 67% beds.
At the same time, Liashko noted that the actual occupancy of beds with oxygen by patients in need of oxygen therapy is 50%. “The situation is uneven, and 46 out of 480 hospitals [about 10%] have oxygen beds already 100% occupied, and 193 [about 40% of hospitals] have the oxygen bed occupancy at 75%. The remaining 60% of clinics are without critical load,” he said.
Oschadbank sales at online auction OpenMarket the right of claim under the loan agreement, as well as the right under the security agreements (mortgage, collateral, pledge) with the borrower LLC Ukrkava.
The estimated opening lot price is UAH 229,753,161.
The agreements are secured by:
The lot will be sold at the classic English auction through electronic trade based on the establishment of opening price as minimum for further trading over the course of which it increases, and the asset sale price includes the maximum bid offered by one of the participants.
Auction will take place on November 12.
Initial fee for participation is UAH 11,487,658
Find out more details about the lots on web-sites of SETAM and Oschadbank
Companies with the status of an authorized economic operator (AEO) at the moment cannot yet take advantage of all its opportunities, since bylaws and algorithms for the implementation of preferences granted to AEO status holders have not been developed.
Director General of PrJSC JT International Ukraine (Kremenchuk, Poltava region) Viktor Ivanov told Interfax-Ukraine agency on Tuesday about the influence of this status on the activities of the tobacco manufacturer JTI Ukraine, the first and only holder of the AEO status in the country.
“The AEO status has not yet become a real competitive advantage, although there is indeed an image advantage in relations with the customs authorities. Even before the AEO status was obtained, we had a constructive dialogue and effective cooperation with the customs. Now, there are new mutual opportunities. We are waiting for customs simplifications begin to be fully realized,” Ivanov said.
Legally, possession of the status of the AEO, as a kind of “certificate of trust” to the enterprise from the side of customs, provides it with significant advantages and simplifications in its work. In particular, the out-of-turn registration of customs declarations, a simplified declaration procedure by the customs authority, the use of a specially defined traffic lane at a checkpoint, etc.
Ivanov said that this status provides exclusively logistical advantages, and affects production indirectly through the acceleration of logistics (customs clearance and delivery of necessary materials, spare parts, tobacco, etc.). “In terms of logistics, in recent months we have felt that customs clearance of our goods is a priority and comes first. Also, the number of occurrences of automatic risks when importing/exporting our goods has decreased, therefore, the number of more thorough procedures for checking or inspecting goods has decreased. We believe that it was the AEO status that made it possible to reduce the number of automatic risks,” the director general said.
Ivanov said that apart from the right of priority customs clearance of goods and reduction of automatic risks during customs clearance, the company did not feel any other changes. So, for example, the announced separate traffic lanes for the transport of companies with the AEO status at customs points have not yet been equipped.
“As far as we know, there are still no bylaws, the algorithms for the implementation of these simplifications have not yet been developed. According to our information, they are still under development. Therefore, we cannot use all the advantages that the AEO status gives,” the director of JT International Ukraine said.
According to him, to improve the situation, it is necessary to accelerate the development and implementation of bylaws that provide benefits for companies with AEO status.
Ivanov also said that JTI Ukraine has repeatedly received offers from various organizations to participate in roundtables or seminars to share the experience of preparing for the assessment and the very assessment of compliance with the AEO criteria. Customs representatives also took part in these events, shared their experience and talked about the aspects that need to be paid attention to when submitting an application and self-assessment questionnaire, and the assessment procedure.
As reported, the AEO authorization program was launched in Ukraine in August 2020.
