The meeting of shareholders of “Busin” insurance company (Kyiv) on March 17 intends to terminate the authorities of Denis Ovchinnikov, the head of the board and to appoint Alexander Nepochatov to this position, the insurer reported in the information disclosure system of the National Commission on Securities and Stock Market.
As it was reported, Denis Ovchinnikov owns 12,495% of the company and has been heading the company for the last 5 years.
In March 2021, its shareholders Larisa Nepochatova and Alexey Ovchinnikov reduced their stake from 49.9% to 25%. In turn, Denis Ovchinnikov and Ivan Ovchinnikov have increased their stakes from 0.009% to 12.495%, Alexander Nepochatov – from 0.009% to 24.99%.
IC “Busin” in January-September 2022, the company has collected UAH 151,9 mln of gross premiums, which is by 71,57% less than a year before, net premiums have fallen by 23,70% to UAH 46,682 mln, earned premiums – by 30,91%, to UAH 52,596 mln.
During this period, the company has paid out UAH 649 th of insurance reimbursements, which is 76,59% less than during the same period of 2021. Thus, the level of payments has decreased by 0,09 p.p. – to 0,43%.
The financial result from operating activities of IC has amounted to UAH 11,269 mln, net profit has increased almost in six times – up to UAH 41,863 mln.
IC Busin was incorporated in February 1993. It specializes on risk kinds of insurance. It is a member of several professional and industry associations: League of Insurance Organizations of Ukraine, National Insurance Indemnity Club, International Association of Aviation Insurers (UA), Nuclear Insurance Pool, American Chamber in Ukraine, British Business Club.
On February 6, Ukrhazvydobuvannya announced a tender for the purchase of compulsory civil liability insurance (CMTPL) for owners of land vehicles.
According to the message in the system of electronic public procurement Prozorro, the expected cost -70,388 thousand UAH.
Documents will be accepted until 14 February.
Frankfurt am Main Airport (FRG) handled 48.918 mln passengers in 2022, which was 97.2% higher than the previous year.
At the same time, passenger traffic remains 30.7 percent below the pre-pandemic 2019 figure, according to a press release from operator Fraport.
“2022 was a very tumultuous and challenging year for the entire aviation industry,” said Fraport CEO Stefan Schulte. – After lockdowns at the beginning of the year, the sudden and dramatic increase in demand was a heavy burden for all partners ramping up operations. Due to the complexity of the systems at many airports, including Frankfurt, the resumption of air traffic was unstable.”
Nevertheless, the group’s airports in other countries that focus on tourist traffic performed well. In Greece, among others, performance even surpassed pre-demic levels, the head of the company said.
“Looking ahead, we are confident there will be further growth in 2023. People want to travel, and we are working at full capacity to provide passengers with the best airport experience possible. Nevertheless, the situation remains challenging,” he noted.
The number of aircraft takeoffs and landings jumped 45.9 percent last year to 382,211,000. Relative to 2019 levels, the figure was down 25.6 percent.
Meanwhile, the volume of freight and postal shipments decreased by 13.3% year-on-year to about 2 million tons. Compared to the pre-season year, shipments decreased by 5.6%.
Four million people used the airport’s services in December, up 46.2 percent from the same month a year earlier. The number of takeoffs and landings increased by 7.9% to 30,157,000. Cargo and mail traffic dropped by 19% to 159,671,000 tons.
Fraport Group also released data on airports in other countries it manages.
Thus, at the airport named after Jože Pučnik (Ljubljana, Slovenia) the group served 970.15 thousand passengers in 2022 (more than doubling over the previous year), and in two airports in Brazil (Fortaleza and Porto Alegre) – 12.4 million passengers (+41%).
In Lima, Peru, passenger traffic jumped 72% to about 18.6 million.
In Greece, where Fraport operates 14 airports, traffic has increased by 79% to 31.2 million passengers.
The combined passenger traffic of the airports in Varna and Burgas (Bulgaria) increased by 59.2% to around 3.1 million passengers.
Antalya Airport (Turkey) served about 3.1 million people last year, which is 41.8% more than in 2021.
Archaeologists in Egypt have found a mummy 4.3 thousand years old: in all likelihood, this is the oldest such find ever made in this country and preserved in such good condition.
The mummy was found near the oldest Egyptian pyramid of Djoser (the village of Saqqara, 25 km south of Egypt) at the bottom of a 15-meter deep mine. The head of the archaeological team, former Egyptian antiquities minister Zahi Hawass, told reporters that burials dating back to the V (ca. 2504 to 2347 B.C.) and VI (ca. 2347 to 2216 B.C.) dynasties of ancient Egypt were found here.
“This mummy may be the oldest and most preserved found in Egypt to this day,” he stressed.
The mummy of a man named Hecashepes was placed in a limestone sarcophagus and sealed the lid with mortar.
Another tomb belonged to Khnumdjedef (Khnumdjedef in English), a priest, an “inspector” who supervised officials and aristocrats, and who served under the last pharaoh of the fifth dynasty, Unis (c. 2367 – 2347 BC). His tomb was decorated with scenes of daily life of those long ago times. Another tomb was the resting place of Meri, “keeper of secrets and assistant to the great lord of the palace. Numerous statuettes were also found in the underground crypt.
Concrete market in 2022 fell in 5 times, reinforced concrete – three times, the general director of Kovalskaya PSG Sergei Pilipenko said in an exclusive interview with Interfax-Ukraine.
“The concrete market has fallen almost five times, reinforced concrete – three times. A lot of production space has been lost due to military operations. Many of the (existing) producers may not survive the year,” – said Pilipenko.
At the same time the CEO of the group noted that the construction of new housing showed the lowest dynamics, and 2022 market lived mainly at the expense of commercial construction and infrastructure
Kovalska Construction Group has been working on the construction market of Ukraine since 1956. It unites more than 20 enterprises in the sphere of extraction of raw materials, production and construction. The production is presented by brands “Concrete from Kowalska”, “Avenue”, Siltek and others. The enterprises of Kowalska operate in Kyiv, Zhytomyr, Lviv, Kherson and Chernihiv regions.
In addition, the group includes Kovalska Real Estate, which is engaged in construction of residential buildings in Kiev. Its portfolio includes 20 completed residential projects.
The U.S. dollar is getting cheaper against the euro, the yen and the pound sterling in trading on Tuesday after a strong strengthening following the previous session.
The ICE index showing the dollar’s movement against six currencies (euro, Swiss franc, yen, Canadian dollar, pound and Swedish krone) was losing 0.14% while the broader WSJ Dollar Index lost 0.27%.
The euro/dollar pair is trading at $1.0744 as of 8:20 a.m., up from $1.0726 at the close of the previous session.
The pound is at $1.2054, up from $1.2018 the day before.
On Monday the euro fell by 0.7% against the dollar, while the pound gained 0.3%. The U.S. currency was bolstered by strong U.S. labor market statistics for January, which showed that the Federal Reserve (Fed) still has enough room to maneuver in terms of further tightening monetary policy.
Rafael Bostic, president of the Federal Reserve Bank (Fed) of Atlanta, told Bloomberg on Monday that the Fed may have to raise rates higher than previously expected because economic activity in the U.S. is slowing weakly. “It’s going to mean we’re going to have to do a little bit more work,” Bostick said. – And I believe the Fed will have to raise the rate higher than I’m currently forecasting.”
Traders are waiting for more signals from Federal Reserve (Fed) Chairman Jerome Powell, who will speak at the Economic Club in Washington on Tuesday.
The dollar fell to 132.12 yen against 132.65 yen at the close of previous trading.
The yen weakened more than 1% against the dollar on Monday after the Nikkei newspaper reported that the Japanese government is offering the post of the central bank head to the current deputy Haruhiko Kuroda, who is retiring in April.
Masayoshi Amamie has been Kuroda’s deputy since 2018 and is considered one of the authors of the Bank of Japan’s ultra-soft policy. Experts believe that his appointment as head of the Central Bank increases the chances of preserving the current approach of the Japanese regulator to monetary policy, notes Bloomberg.
