Business news from Ukraine

Business news from Ukraine

Agreement on accession of insurer “ASKA” to “VSO” is planned to be approved on March 14

The contract on the merger of UJSIC “ASKA” (Zaporizhzhia) to IC “VUSO” (Kiev), as well as the relevant transfer act is planned to approve the shareholders of IC “VUSO” at the meeting on March 14 of this year, reported in the agenda of the shareholders’ meeting, placed in the information base of the National Commission on Securities and Stock Market (NSCBM).

It is also planned to consider the issue of approval of the decision on the issue of shares for the purpose of converting the shares of UASKA to the shares of VUSO Insurance Company, to which the accession is carried out.

As reported, at the end of November 2021 Renat Akhmetov’s investment company SCM reported reaching preliminary agreements on the sale of UJSIC “ASKA” to shareholders of IC “VUSO”. The National Bank on December 22 has agreed the purchase of 99,593% of “ASKA”, as well as 62,2156% of the shares of Private JSC “Insurance company “ASKO-Donbass North” (Druzhkovka, Donetsk region), in which 62,4699% belonged to “ASKA”.

UJSIC “ASKA” is the first private insurance company which has appeared in independent Ukraine, and has been working for already more than 30 years. It belonged to the portfolio of international investment company SCM. On December, 22nd, 2021 NBU decided to cancel 34 its licenses for insurance, except the license for obligatory insurance of civil liability of motor vehicles owners (OSAGO) on the basis of the submitted application.

IC “VUSO” was founded in 2001. Nowadays it owns 50 licenses: 34 – for voluntary and 16 – for compulsory types of insurance. It is represented in all regions of Ukraine.

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Dog from Portugal was recognized as oldest dog in world

A dog named Bobi from Portugal is now officially the oldest dog ever to live on the planet. This achievement was fixed by the representatives of the Guinness Book of Records.
He managed to beat the previous record of the dog-longest living, held for decades.
Bobi is a purebred of Portuguese Raffeiro do Alentejo breed with an average life expectancy of 12 14 years.
The previous oldest dog recognized by the Book was Bluey from Australia, who died in 1939 at the age of 29 years and five months.
As of February 1, Bobi was 30 years and 226 days old, and I must say, he is doing well for his age.
Bobi’s age for the Guinness Book of World Records is confirmed by the Portuguese government’s pet database, which is administered by the National Union of Veterinarians.
Bobi has been a lifelong resident of the Costa family in the village of Conqueiros on the west coast of Portugal, and he was born there as well.
Owner Leonel Costa, who is eight years older than Bobi, says the secret to the dog’s longevity is the peaceful environment around him. Perhaps genes also influenced – Bobi’s mother lived 18 years.
“Between a can of pet food or a piece of meat, Bobi doesn’t hesitate to choose our food,” notes Leonel, who now always soaks the human food Bobi is given in water to remove excess spices.
However, age does take its toll on Bobi, who has mobility problems and vision problems.

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“Ukrnafta” plans to open about 100 new stores at its filling stations

PJSC Ukrnafta plans to equip and open about 100 new stores at its filling stations in 2023, the company said in a press release Thursday.
“Among the team’s goals for this year is to equip about 100 new stores at stations and increase the share of non-fuel sales,” the document said.
Ukrnafta said one such store is located at the company’s upgraded station in Kalush, 8a Yevshana St., which was opened by the company.
“At the modernized station expanded the range of services and began work store. Among the assortment: drinks, snacks, accessories for drivers,” – informed in PAO.
The complex is also equipped with an additional generator, a coffee machine and an Internet access point – if necessary, it can operate as an indestructible point.
As we earlier reported, on November 5, 2022, the Supreme Commanders Headquarters decided to confiscate Ukrnafta shares (excluding the controlling interest in Naftohaz Ukrainy) as state property during the martial law period. Before the seizure, the structures of Ihor Kolomoyskyy and Hennadiy Boholyubov owned about 42% of Ukrnafta shares.
“Ukrnafta owns 85 special permits for production of hydrocarbons. On its balance sheet there are 1791 oil and 147 gas wells. The company owns 537 gas stations, of which 449 were operational at the end of December 2022. The rest were either damaged as a result of military operations or were located in the temporarily occupied territories.

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Oil prices decline, Brent at $84.3 a barrel

Oil prices are down on Friday, but finished the week in the plus.
The price of April futures on London’s ICE Futures Exchange for Brent was $84.32 a barrel by 7:15 a.m. on Friday, down $0.18 (0.21%) from the previous session’s close. Those contracts fell $0.59 (0.7%) to $84.5 a barrel at the close of trading on Thursday.
The price of WTI futures for March crude oil at NYMEX fell by $0.29 (0.37%) to $77.77 per barrel by that time. By the close of previous trading the cost of those contracts declined by $0.41 (0.5%) to $78.06 a barrel.
Both Brent and WTI gained more than 5% YoY on optimism about prospects for Chinese demand, which rose after Saudi Arabia raised March prices for its main oil grade supplied to Asia.
At the same time, traders fear that the protracted tightening of monetary policy in the U.S. could weaken the country’s economy and, consequently, fuel consumption.
Earlier this week, several U.S. Central Bank executives made it clear that they believe it is necessary to continue raising the U.S. benchmark interest rate because the fight against high inflation is not over.
“Oil will continue to rise in price if fears of a downturn in the economy subside,” said CITIC Futures Co. Gui Chenxi, cited by Bloomberg. – The market is hoping for higher energy demand as we see mobility growth in China, as well as in the U.S. and Europe.

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After two years of interruption due to COVID 19, carnival in Venice begins

After two years with a small-scale event, limited by health regulations due to COVID 19, the Carnival of Venice 2023 returned to Venice in all its unfading splendor for inhabitants and guests of the most romantic city in Italy, giving journalists reason to compare it to the mythical phoenix bird rising from the ashes.
Therefore, the color and sound performance of the opening in February on the canals of this eternal holiday had not only a special charm, but also a clear symbolic meaning that life wins. And Venetians make no secret of their joy that the carnival is once again taking place in its traditional form.
“It is a moment of self-identification for the people of Venice and for Venetians all over the world,” says Giovanni Gusta, municipal councilor in charge of Venice’s traditions.
The city on the water is dressed in bright colors, and its inhabitants in fantastic costumes that make you think everything happens in a fairy tale. And everywhere there are masks and masks. In public, in shop windows, on souvenir piles for tourists. Masks in the form of wall decorations, brooches, hairpins, bracelets and magnets.
A resident of Milan, Massimo Candelora, who came to Venice especially for the Carnival, claims that the masks evoke memories and nostalgia of the Venetians. After all, they have been worn in Venice since ancient times. “Today I’m in Venice, and I’m wearing a costume and a ‘bauta’ mask, a typical Venetian mask. It is a simple mask, but it could be worn even when other masks could not be worn. That’s why it is a unique and typically Venetian mask,” the Milanese explains.
A bauta is a papier-mache mask, usually white in color. It has a quadrangular shape, and its half, which covers the lower part of the face, is clearly protruding forward, leaving enough space to be able to drink and eat without removing the mask. In addition, this shape also changes the speaker’s voice, further enhancing his anonymity.
Over time, masks became an attribute of carnival. And before that, in economically prosperous Venice, hiding a person’s identity was commonplace in everyday life. It played a pragmatic role as people hid from competitors, envious people and stooges their deals, which were not necessarily in accordance with the laws of the time.
The carnival festivities will last until February 21, and until then, people in colorful costumes and the most unimaginable masks will be seen in Venice as a natural part of the cityscape, the local order and traditions.
Venice has regained its soul with the revival of carnival, say the Venetians.

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London and Kiev intend to act as organizers of the Conference on Reconstruction of Ukraine

London and Kiev intend to co-host the Ukraine Reconstruction Conference scheduled for June, according to a joint British-Ukrainian declaration issued Wednesday.

“We will co-host the Ukraine Recovery Conference in London on June 21-22. The UK will continue to provide Ukraine with access to British private financing, insurance, technical expertise,” the document, which was adopted following talks between British Prime Minister Rishi Sunak and Ukrainian President Vladimir Zelensky, stressed.

At the same time, the British side recalled that over the past 12 months “military, humanitarian and economic aid from the UK to Ukraine amounted to almost 4 billion pounds”.

As reported, the last conference on the reconstruction of Ukraine was held in Lugano (Switzerland) in early July 2022, and then it was announced that in 2023 a similar conference will be held in London.