Ukrainian insurance companies in January-June 2021 received financial income of UAH 1.358 billion, which is 17.3% less than in the same period a year earlier (UAH 1.642 billion), according to the website of the National Bank of Ukraine.
At the same time, it is clarified that income from participation in capital amounted to UAH 17.8 million (2.9 times more), income from bonds – UAH 719.8 million (more by 28.4%), from deposits – UAH 566.3 million (less by 39.7%), dividends on shares – UAH 3 million against UAH 100,000 for the same period a year earlier.
Other revenues of insurers for the first half of the year amounted to UAH 1.972 billion, while a year earlier, UAH 2.863 billion.
The regulator also reports that during the reporting period, insurance companies reduced their net profit to UAH 1.361 billion from UAH 1.918 billion in the first half of 2020.
In addition, income tax from ordinary activities in January-June of this year amounted to UAH 833.2 million, which is 2% more than in the same period a year earlier (UAH 816.2 million). Tax on gross income from activities by types of insurance, other than life insurance, amounted to UAH 534.6 million (more by 10.6%), life insurance – UAH 63.7 million (more by 9.8%), for transactions with non-resident reinsurers – UAH 300,000 (less by 25%), tax on profits from extraordinary events – UAH 200,000, which corresponds to the indicator for the same period a year earlier.
According to the NBU, the total number of insurance companies in Ukraine as of June 30, 2021 is 181, while on the same date a year earlier – 215, including 19 life insurers (20). At the same time, 166 insurance companies submitted reports on their activities to the regulator.
The State Agency for Tourism Development has agreed to provide services for the popularization of river tourist routes in Ukraine for UAH 2.5 million.
According to the agreement, the text of which was published on the ProZorro portal, according to the results of tenders, State Agency for Tourism Development agreed with the private enterprise Ischuk Serhiy Mykolaiovych to provide services for the popularization of river tourist routes Kyiv-Kaniv-Kyiv and Kyiv-Chornobyl-Kyiv for UAH 2,498,144.
The aim is to organize promotional river tourist trips Kyiv-Kaniv-Kyiv and Kyiv-Chornobyl-Kyiv (four trips each) and organize focus groups to prepare research on attracting investments for organizing regular transportation.
The service includes renting a motor ship for 35 seats, catering for the participants of the promotional tour, guided tour, filming two promotional videos, PR support for the event, conducting a study of interest in the tourist product and developing investment proposals.
The 11th international squash championship “Zenit Black Sea Open 2021” took place in Odesa. The competition was attended by players from England, Australia, Germany, Wales, Egypt, Romania, the United States, Moldova, Belarus and other countries, as well as sportsmen from Kyiv, Lviv, Kharkiv, Dnipro, Khmelnytsky, Poltava, Kherson, Odesa.
The winner in the PRO category among men (the main category of the tournament) was squash player from Egypt Ahmed Mohamed, and among women in the PRO category the first place was taken by Anastasiya Kostiukova from Ukraine.
The tournament had been held for four days on the courts of the SPORT LIFE fitness center.
The organizers of the tournament, Dmytro Scherbakov and Maksim Urakin, previously stated the need to popularize squash in particular and sports in general through organizing tournaments and attracting Ukrainian business to support sports. The main goal of the tournament, according to the organizers, was to strengthen sports and cultural ties between the countries and sports players, to popularize and develop squash in Ukraine, as well as to improve the skill level of young squash players.
Some 150 participants competed for awards in eight categories. The winners of the competition became:
Men (PRO Category):
First place – Ahmed Mohamed (Egypt);
Second place – Clegg David (Australia);
Third place – Dmytro Scherbakov Jr. (Ukraine).
Women (PRO Category):
First place – Anastasiya Kostiukova (Ukraine);
Second place – Sofiya Zrazhevska (Ukraine);
Third place – Olga Khmelevskaya (Belarus).
Men (Amateurs category):
First place – Oleksiy Alekseyenko (Ukraine);
Second place – Jack Lake (England);
Third place – Yevhen Popko (Ukraine).
Men (Category 40+):
First place – Kostiantyn Rybalchenko (Ukraine);
Second place – Tymofiy Zheludkov (Ukraine);
Third place – Thornton Ben (England).
Men (Category 45+):
First place – Viktor Kovalchuk (Ukraine);
Second place – Oleksandr Kostevych (Ukraine);
Third place – Dmytro Baluta (Ukraine).
Women (Amateurs category):
First place – Olha Zadorozhna (Ukraine);
Second place – Maryana Batrshina (Ukraine);
Third place – Valentyna Khomovska (Ukraine).
Youth tournament (Category BU-15):
First place – Roman Shkarupylo (Ukraine);
Second place – Artem Panchenko (Ukraine);
Third place – Danylo Kuryliak (Ukraine).
Category GU-15:
First place – Anastasiya Krykun (Ukraine);
Second place – Yelyzaveta Suprun (Ukraine);
Third place – Khrystyna Beheba (Ukraine).
Tournament organizers and sponsors:
Zenit Black Sea Open is the largest international squash tournament in the history of independent Ukraine. The scale of the championship is demonstrated both by the number of countries and participants, and by the large number of organizations involved in the preparation and holding of competitions.
The main organizer and fitness partner of the event was traditionally the national chain of fitness centers number one “Sport Life,” as well as the MaxEvents company.
The title sponsor was the SOCAR fuel and energy company.
The championship is sponsored by SOLARIS AGROLUX, Tecnifibre, Reima.
Official beer of the tournament is from TERMOPUB.
Official wine partner is SHABO.
The partner of the party and the hotel of the tournament is Premier Hotel Odesa.
The medical partner of the championship is the Adonis medical group.
The fruit partner is USPA fruit.
The main media partner of the tournament is Interfax-Ukraine.
MAXEVENTS, ODESA, SCHERBAKOV, SHABO, SOCAR, SPORTS, SQUASH, URAKIN, ZENIT_BLACK_SEA_OPEN, АДОНИС
Viktor Yushchenko visited International European University on the eve of the 30th anniversary of Ukraine’s Independence. Students and lecturers had a unique opportunity to talk to the living legend, dip into history and get answers to relevant questions.
Alla Navolokina, a co-founder and vice-rector for educational and scientific work and international relations, introduced the honored guest to the university team, as well as to Franz-Volodymyr von Habsburg-Lothringen, President of International European University, Anatolii Tolstoukhov, the head of the University Development Council, and Mykhailo Polianchych, a member of the University Development Council.
Alla Navolokina stressed that the meeting with Mr. Yushchenko brought together the audience motivated to knowledge required for further professional activities. She also introduced the teaching staff, student population and partners of the university.
As part of his speech, Viktor Yushchenko shared memories of his life journey, stages of professional growth, scientific achievements and plans.
“Education is a key to Ukraine’s prosperity: those who win education win the future,” Mr. Yushchenko said.
The third President of Ukraine told the teaching staff and the young generation about challenges faced by Ukraine at the current development stage.
“Nowadays, your University is a new powerful complex. I believe that great traditions will be continued by a new generation whom I’m addressing today. You’re teaching true citizens of Ukraine,” Viktor Yushchenko stated.
To express acknowledgement, respect and recognition, Alla Navolokina presented author’s painting to the Ex-President. Viktor Yushchenko highly appreciates art. He confessed to taking paints, brushes, canvas and drawing.
“A talented person is all-around talented… These words are referred to an incredible individual and wonderful vice-rector of International European University,” Viktor Yushchenko mentioned.
At the end of the meeting, the honored guest congratulated International European University on the 30th anniversary of Ukraine’s Independence and wished prosperity and talented graduates to become worthy representatives of the Ukrainian nation. By the way, International European University can boast solid international relations encouraging the implementation of major projects.
Impressed with a university atmosphere and warm welcome, the third President of Ukraine left unique feedback and author’s drawing in the IEU’s comments book.
ALLA NAVOLOKINA, FRANZ_VLADIMIR_FON_GABSBURG_LOTHRINGEN, IEU
The situation of reservoir pollution is critical in Ukraine!
The Dnieper River is annually contaminated with tons of garbage and emissions from different enterprises. Most people know about this problem but keep throwing away garbage and polluting our wonderful river.
There are a lot of beach areas near the river and waste affects our health. Together we can not only clean the riverfront but also get out trash of the river on canoes in the sports rhythm.
Our journalists talked to the organizers of the action, SD Platform non-governmental organization, and discovered all the details.
“Sometimes we see our Dnieper river through rose-colored spectacles. But putting them off, we can notice how much dirt, plastics and strange things are in the river. We have gathered activists who care about its destiny. We made the Dnieper cleaner on our own,” Kateryna Davydkova, a coordinator of the environmental sector at SD Platform, said.
Plastics, bottles, toys and even stolen stuff are just a brief list of the “treasure” found by activists in the Dnieper. This garbage was left by common vacationers who don’t want to keep the Dnieper clean.
“We found a bag with car and apartment keys, a purse, personal documents and bank cards. Without losing any time, we found the owner of lost things via Facebook and returned them the next day. The things have been in the water for more than a year. Thus, the environmental action is referred not just to reservoir rescue, but also to good deeds like in this case,” Said Mechkour, a foreign student of International European University, added.
Be eco-friendly conscious! If you like resting near the Dnieper, throw away your trash in a garbage can so that other activists won’t find your “treasure”.
Let’s make our river cleaner by small but progressive steps!
ALLA NAVOLOKINA, ECOLOGY, FRANZ_VLADIMIR_FON_GABSBURG_LOTHRINGEN, IEU
The Black Sea Trade and Development Bank (BSTDB, Thessaloniki) intends to achieve an annual increase in the value of its portfolio by 5-7% in 2021-2030 and increase its volume to EUR 4 billion from the current approximately EUR 2.3 billion, President of the bank Dmitry Pankin told reporters at the conference in Thessaloniki (Greece), which takes place on August 27-28.
“In June 2021, the bank approved a long-term strategy for 2021-2030. Among the goals are signing 30-35 projects per year, increasing commitments (on projects) for the year to EUR 1.7 billion from the current EUR 800 million, in order to achieve EUR 12 billion,” Pankin said.
The President also said that in the face of lower interest rates and increased availability of borrowed funds in most markets where the bank operates, the BSTDB also decided to strengthen its potential for generating projects and subsequently organizing their financing and become a cheaper competitor to leading consulting companies and investment banks.
“Traditionally, development banks have offered long-term cheap financing, but now everyone is ready to provide it. Therefore, our 10-year strategy involves reorienting the bank to a project organizer, a provider of feasibility studies and risk calculation,” Pankin explained.
He added that, unlike consulting companies, BSTDB is ready to take risks in such projects.
In connection with this new strategy, the bank will hire specialists of appropriate qualifications, as well as people for the potential sale of part of the portfolio in order to free up capital for new operating activities, which will also become new in the work of the BSTDB, the president of the bank said. According to him, the BSTDB intends to become more active in marketing and in the search for new projects, whereas clients themselves come to him more often today.
Talking about other institutional goals of the new strategy, Pankin said that the bank would continue to maintain a diversified and balanced portfolio of operations with a public sector share of about 30%, more actively connect to the fast-growing class of “green” investors and remain open to new shareholders – sovereign states and development institutions.
The BSTDB President recalled that member states of the Black Sea Economic Cooperation Organization (BSEC) may become the bank’s shareholders. Since 2014, Serbia has become a member of the BSEC, which has not yet participated in the bank, and since 2021 – Macedonia. According to Pankin, discussions and negotiations are underway with them, but they are still far from over.
Within the framework of the medium-term strategy for 2019-2022, the BSTDB puts an aim of an annual growth of more than 12% and exceeding EUR 2.5 billion of the portfolio at the end of the period, promoting the export of goods and services with a focus on small and medium-sized enterprises, with a special focus on the real economy and infrastructure, including energy, transport and communal infrastructure.
In 2020, the bank signed projects for EUR 624 million, and allocated EUR 785 million for them and for previous projects, increasing the portfolio by 12%. Net profit increased to EUR 14.2 million from EUR 13.7 million in 2019, and the share of bad loans in the bank’s balance sheet is 0.2%.
BSTDB is an international organization uniting 11 states of the Black Sea Economic Cooperation organization. The shares of Turkey, Russia and Greece in the capital are 16.5% each, Romania – 14%, Ukraine and Bulgaria – 13.5% each, Azerbaijan – 5%, Albania – 2%, Armenia – 1%, Georgia and Moldova – each 0.5%. The bank aims to promote economic cooperation, trade and cooperation of the countries of the Black Sea region. The bank’s paid up authorized capital is EUR 0.69 billion, and its long-term credit ratings are “A-” from S&P and “A2” from Moody’s.
The Bank provides medium and long-term corporate loans for up to 10 years, and for project financing – up to 15 years. In the case of the private sector, the volume of a loan can be up to EUR 90 million, for the public sector – EUR 120 million.
At the end of 2020, the largest volume of BSTDB projects was in Turkey – 23.14%, followed by Greece – 18.38% and Russia – 15.6%, while Ukraine accounted for 11.62%, Bulgaria – 7.58%, and Romania – 5.86%.
They were followed by Azerbaijan – 5.09%, Georgia – 4.88%, Armenia – 4.4%, Moldova – 1.77%, and Albania – 1.67%.
