Business news from Ukraine

Business news from Ukraine

STATE-OWNED UKRGASBANK DOUBLES NET PROFIT IN JAN-JULY

The net profit of state-owned Ukrgasbank (Kyiv) in January-July 2021 amounted to UAH 1.135 billion, which is twice as much as in the same period in 2020 (UAH 554 million), the bank’s press service said.
According to the report, in July the bank’s profit amounted to UAH 408 million, which is 3.4 times more than in July last year (UAH 120 million).
Ukrgasbank was established in 1993. The state, represented by the Ministry of Finance, owns 94.9409% of the shares of the financial institution.
According to the National Bank of Ukraine, as of June 1, 2021, in terms of total assets (UAH 133.5 billion) Ukrgasbank ranked fourth among 73 banks operating in the country.

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SYNEVO INVESTS EUR 500,000 IN NEW LABORATORY

Synevo laboratory, part of the Swedish medical holding Medicover, has invested EUR500,000 in the launch of a new laboratory with a capacity of more than 400,000 tests in Kherson.
According to a press release from Synevo, the new laboratory will be opened on the basis of the Taurt Medical center and will serve both the clients of the clinic and the orders of Synevo’s clients in Kherson region.
In the near future the laboratory plans to fulfill orders for Synevo clients from Mykolaiv, Zaporizhia, Dnipropetrovsk and Donetsk regions.
The laboratory plans to carry out general clinical, biochemical, immunochemical, hematological and cytomorphological studies.
The Synevo laboratory in Kherson is the eighth operating laboratory of the company in Ukraine. Synevo laboratories also operate in Kyiv, Odesa, Kharkiv, Lviv, Vinnytsia, Dnipro, Chernivtsi.
Similarly to other Synevo laboratories, the laboratory in Kherson complies with international standards for laboratory diagnostics and is equipped with automated equipment from leading manufacturers from the United States, Japan, Switzerland, Germany (Zeiss, Roche, Sysmex and others), which performs all stages of research in an automatic mode without human intervention.
Synevo is the largest network of laboratories in Ukraine, part of the Swedish medical holding Medicover. The Synevo network includes 320 laboratory centers operating in 125 settlements of Ukraine, as well as eight laboratories in which more than 1,000 types of tests are performed.

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UKRAINIAN MANUFACTURERS INITIATE RESTRICTIONS ON IMPORT OF SULFURIC ACID AND OLEUM

The Interdepartmental Commission on International Trade on August 5 made a decision to revise special measures that are coming to completion – quotas in relation to the import of sulfuric acid and oleum to Ukraine (foreign economic activity code 2807 00 00 00).
According to the commission’s publication in the Uriadovy Kurier government newspaper, the initiators of extension of the special measures were Skhidny (Eastern) Ore Mining and Processing Plant, PJSC Sumykhimprom, Scientific and Production Enterprise Zorya and First Chemical Association.
“The commission found that the appeal contains enough information indicating that the use of special measures had a positive effect on the applicants’ activities, but did not completely eliminate the consequences of the harm caused to them, the appeal provides enough information indicating that the applicants may be in the process of adapting to conditions of competition,” the report says.
The Ministry of Economy has been entrusted with the revision of the restrictions, and it carries out the registration of interested parties by August 13.
As reported, in the summer of 2018, the commission introduced quotas for these products for three years. For the first year, the import quota for sulfuric acid and oleum from Belarus amounted to 30,800 tonnes, Russia – 8,600 tonnes, other countries – 4,300 tonnes. In the second year, quotas were increased, respectively, to 32,300 tonnes, 9,100 tonnes and 4,500 tonnes, in the third year – to 33,900 tonnes, 9,500 tonnes and 4,800 tonnes.
The special measures do not apply to imports from about 50 countries, including Kazakhstan.
A number of Ukrainian metallurgical companies opposed the introduction of restrictions on the import of sulfuric acid, while chemical enterprises insisted on their introduction.

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INGO RAISES PREMIUM COLLECTION IN UKRAINE

INGO Insurance Company (Kyiv) in January-June 2021 collected more than UAH 966 million in insurance premiums, which is 26% more than in the same period in 2020.
According to the company, in the first half of this year, more than UAH 416.5 million were paid to customers, more than 92,000 insurance events were settled.
The formed insurance reserves of INGO as of June 30, 2021 amounted to more than UAH 1.226 billion, which is 13% more than on the same date a year earlier, the cost of highly liquid assets – UAH 1.929 billion.
The actual solvency margin is UAH 687.1 million, which exceeds the norm by UAH 390.3 million.
The company’s net worth is UAH 32.950 million (more by 5%), the charter capital is UAH 305.543 million.
INGO Insurance Company has more than 25 years of experience in the market. Since 2017, its main shareholder has been DCH business group of Oleksandr Yaroslavsky.
The company has 28 licenses for various types of compulsory and voluntary insurance, and provides insurance services to corporate and retail clients.
INGO is a full member of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU), a member of the American Chamber of Commerce, the European Business Association and the International Chamber of Commerce.

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UKRAINE INCREASES COKE OUTPUT

Ukrainian coke plants in January-July of this year increased the production of metallurgical coke with a 6% moisture content by 2% compared to the same period last year, to 5.749 million tonnes.
The Ukrkoks association of coke and chemical enterprises (Dnipro) told Interfax-Ukraine that in July 826,000 tonnes of coke were produced.
The director general of Ukrkoks, Anatoliy Starovoit, told Interfax-Ukraine that the enterprises continue to work at the request of metallurgical plants, satisfying them with coke in full, taking into account imports.
According to him, coke chemical plants are provided with coking coal for production programs.
According to Ukrkoks, in 2020 coke plants reduced the production of metallurgical coke with a 6% moisture content by 3.9% compared to 2019, to 9.66 million tonnes. The enterprises were supplied with 27.2% of domestic coal and concentrate and 72.8% of imports. In general, 3.618 million tonnes of raw coal and concentrate of domestic production were supplied to the coke plants over the year, some 9.675 million tonnes were imported. In general, 13.293 million tonnes of coal were supplied to the plants, including 5.202 million tonnes imported from the Russian Federation, 3.523 million tonnes from the United States and Canada, 873,300 tonnes from Kazakhstan, and 76,000 tonnes from Poland.

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51,000 CORONAVIRUS VACCINATIONS MADE IN UKRAINE PER DAY

During the day on August 8, some 51,445 people were vaccinated against coronavirus in Ukraine, while 30,988 Ukrainians received the first vaccination, another 20,457 completed the immunization process, having received both doses of the vaccine, the press service of the Ministry of Health reports on the Telegram channel on Monday.
“Some 277 mobile teams, 816 vaccination points, 340 vaccination centers worked during the day,” the message says.
The information says that since the beginning of the vaccination campaign in Ukraine, 4,137,073 people have been vaccinated, of which 4,137,071 people received one dose, 2,401,647 people received two doses and are fully immunized.
“A total of 6,538,718 vaccinations were carried out,” the Ministry of Health said.

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