The Arsenal insurance company (Odesa) in January-September 2021 collected UAH 11.063 million in net premiums, which is 19.4% more than in the same period in 2020.According to a company’s report, posted in the information disclosure system of the National Securities and Stock Market Commission, its gross premiums for this period increased by 31.7%, to UAH 14.624 million. Some UAH 3.715 million was transferred to reinsurance (more by 67.5%).Over nine months, the company paid UAH 330,000, which is almost 50% less than in the same period a year earlier.Company’s administrative expenses amounted to UAH 2.452 million (more by 7.8%), and sales expenses – UAH 908,000.Gross profit amounted to UAH 10.733 million (more by 24.2%), net profit UAH 7.503 million, while in the same period a year earlier it was UAH 7.732 million.As reported, in October 2021, Vostok Capital LLC (Kyiv) became a new shareholder of the company with a block of 80.741% of shares, the main shareholder of which is PrJSC Fozzy Group.Fozzy Group is one of the largest Ukrainian retailers with nearly 690 points of sale throughout the country. As of 2019, the total area of its stores exceeded 1 million square meters.
National bank of Ukraine’s official rates as of 11/11/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of November 11
One troy ounce=31.10 grams
Ukraine in January-October this year reduced imports of aluminum ores and concentrate (bauxite) in quantity terms by 2.3% compared to the same period last year, to 4.189 million tonnes.
According to statistics released by the State Customs Service, during this period, bauxite imports in monetary terms decreased by 0.1%, to $190.706 million.
At the same time, the products were imported mainly from Guinea (60.74% of supplies in monetary terms), Brazil (21.1%) and Ghana (16.18%).
In January-October 2021, Ukraine re-exported 271 tonnes of bauxite for $65,000 to Belarus (52.31%), Poland (43.08%) and Germany (4.62%), while in ten months of 2020, some 184 tonnes of bauxite were re-exported to Poland for $29,000.
Israel’s Similarweb, one of the leading digital intelligence companies that carried out an IPO on the New York Stock Exchange in May this year, announced the opening of two new European offices in Kyiv, Ukraine and Munich, Germany.
“Similarweb’s Kyiv office will employ over 50 R&D and IT professionals, and this number is expected to triple in the next two years,” the company said on its website.
According to the report, the Kyiv office will serve as a technical center, employing a highly skilled workforce in Ukraine, and is intended to be an important part of Similarweb’s global success.
The Munich office will carry out mainly commercial, marketing and technical functions, in particular, among the company’s clients there are already a number of leading German brands, including Adidas and DHL.
Similarweb, headquartered in Tel Aviv, clarifies that it has increased its headcount in all 13 global offices this year and plans to continue its rapid global expansion in the new year.
At the IPO in May of this year, the company was valued at $ 1.6 billion. Its revenue for the nine months of this year amounted to $ 97.52 million, an increase of 45.9% over the same period in 2020, and net losses tripled to $ 45.17 million. Free funds of the company by the end of the third quarter amounted to $ 159.1 million.
The company, founded in 2007, monitors websites and mobile apps and provides analytics and digital data to customers. According to the website, the number of its staff exceeds 800 people.
The U.S. Department of Agriculture (USDA) in the November report increased the forecast for the export of Ukrainian wheat in 2021/22 (July-June) by 0.5 million tonnes compared to the previous month – from 23.5 million tonnes to 24 million tonnes, while maintaining the estimate of its harvest at the level of data for October – 33 million tonnes.The projected world export of wheat will be a record 203.2 million tonnes (3.5 million tonnes more than the USDA data in October), mainly due to the growth of its exports from the EU, India, Russia and Ukraine.In the November report, the U.S. Department of Agriculture also kept the forecast for the corn harvest in 2021/22 at 38 million tonnes for Ukraine, its exports at 31.5 million tonnes.
