Business news from Ukraine

Business news from Ukraine

Quotes of interbank currency market of Ukraine (UAH for €1, IN 01.09.2022-30.09.2022)

Quotes of interbank currency market of Ukraine (UAH for €1, IN 01.09.2022-30.09.2022)

Kyivstar subscribers provided equipment for two hospitals in Dnipro and one in Lviv

Subscribers of Kyivstar mobile operator provided equipment to two hospitals in Dnipro and one in Lviv thanks to regular SMS donations as part of the Children’s Hope project, the company’s press service said Thursday.
“For almost four years of existence of “Children’s Hope” thanks to small SMS donations our subscribers managed to collect more than 12.5 million UAH, and 51 departments of Ukrainian hospitals have already received help. On behalf of Kyivstar I would like to thank all our subscribers who care and continue to systematically support this initiative during this full-scale war”, said Anna Zakharash, Corporate Communications Director of Kyivstar.
According to the report, the pediatric department of the Children’s Hospital № 6 in Dnipro purchased ECG recording device “AMEDTEC ECGpro CardioPart 12 Blue”-mr-wt with consumables and updated ECG Holter analysis software “ECGpro Holter”.
DOR Regional Family Health Center received Rescue LIFE 9 portable defibrillator with synchronization function and pediatric electrodes, which will allow resuscitation of children in case of deterioration of their condition during surgeries.
In addition, the Lviv Regional Children’s Clinical Hospital “Okhmatdet” received new equipment within the framework of the “Cardiology” project. The raised funds were used to buy sectoral 6S-RS and 3ScRS transducers for the existing ultrasound device.
This equipment will enable cardiac diagnostics of children’s diseases at a higher quality level.
As reported, since the beginning of full-scale war Kyivstar transferred almost 104 million UAH for humanitarian aid to the AFU, hospitals, the elderly and war victims. In particular, funds were transferred to the “Come back alive”, “Your support”, “Let`s help”, ICF “Caritas Ukraine” and ICF “Ukrainian Charity Exchange”.

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IT company DeepL adds Ukrainian to its translation service

The German IT company DeepL, in response to the huge demand from users, has added the Ukrainian language to its translation service. According to a DeepL press release, Ukrainian has become the 29th language available in the translation service.
“Ukrainian has become the top user request this year, so the DeepL team of engineers and language experts has accelerated development and launch to make it happen as soon as possible,” the press release says.
DeepL translations use neural network technology that detects linguistic subtleties to make these translations look natural.
DeepL is a German artificial intelligence company with more than half a billion people worldwide using the company’s services. The quality of DeepL machine translation is based on proprietary enhancements to neural network mathematics and methodology. The company is headed by CEO and founder Jaroslaw Kutylowski.

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Four companies fined UAH 7.1 mln for collusion in tenders for repair of premises – AMCU

The Antimonopoly Committee of Ukraine (AMCU) fined four companies UAH 7.1 million for collusion in tenders for construction and repair of premises in the military and medical sectors, the agency’s press service said.
According to the report, LLC “Kraevid+”, LLC “Interval Bud”, LLC “BVK “Altera” and LLC “Prospect Budcenter” were fined for collusion in bidding for the construction of a training class of a military unit and a dormitory, repair of a unit training center and a gym for military personnel. In addition, the procurement included the reconstruction of the infectious disease department of Smelyanska city hospital and reconstruction of the Vyshgorod central district pharmacy.
The AMCU found that the above-mentioned companies financially supported each other during the procurement and synchronized their actions at the auction, involved the same person for the preparation of financial statements, management of bank accounts, etc.
In addition to the fine, the companies are prohibited from participating in public procurement for three years.
According to Opendatabot, the owner of “Kraevid+” (Chernihiv) is Fedor Filipov, “Interval Bud” (Cherkasy) – Igor Shchur, “BVK “Altera” (Cherkasy) – Dmitry Zaporozhets, “Prospect Budcenter” (Cherkasy) – Vladimir Diachok.

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Ukrainian insurers reduced the number of MTPL contracts by 22% in 9 months

In January-September 2022, insurance companies – members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) concluded 5.228 million contracts of compulsory civil liability insurance of motor vehicles owners (CMTPL), which is 22.9% less than during the same period of 2021.
According to data released on the website of MTSBU, 3.184 million of the total number of contracts were concluded electronically – 3.86% less than for the same period last year.
During nine months of 2022 the Bureau members reduced the amount of insurance payments on CMTPL policy by 5,8% compared to the same period of 2021 – up to UAH 4,962 billion, including UAH 3,346 billion (+17%) on electronic contracts.
The total of accrued insurance reimbursements under domestic insurance contracts in January-September reduced by 22,77% – up to UAH 2,015 bn. Including UAH 414,562 mln. was paid out using the “Europrotocol (-14,54%).
The Bureau has also reduced the number of settled claims for insurance compensation by 34.2% – to 82.795 thsd. – up to 32,583 thousand (-28,23%).
MLIBU is the only union of insurers providing compulsory insurance of civil liability of ground transport owners for damages, caused to third parties. There are 42 insurance companies that are members of the bureau.

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Ukraine in past agri-year almost halves export of tomato paste

Exports of tomato paste from Ukraine in 2021/22 (marketing year, July-June) amounted to 62,180 tonnes, which is 45% (or 27,980 tonnes) less than the previous year.
As reported on the industry website tomatonews.com, the main reason for this reduction was the Russian occupation and hostilities in Mykolaiv and Kherson regions, where the largest Ukrainian tomato paste producer, the Agrofusion agricultural holding, is located.
According to the publication, the export of tomato paste from Ukraine in February 2022 amounted to 4,090 tonnes (37% less compared to the same month in 2021), in March – 196 tonnes (a drop of 97.2%), in April – 861 tonnes (80% less), in May – 1,120 tonnes (72.2% less), in June – 473 tonnes (85.7% less).
Agrofusion is a vertically integrated group of companies engaged in the cultivation and processing of tomatoes for manufacturers of juices, ketchups and tomato sauces. Before the full-scale Russian invasion, it included 10 departments, two greenhouses, three plants for the production of tomato paste (two in Mykolaiv region, one in Kherson region) with a total capacity of up to 750,000 tonnes of tomatoes per season. The total land bank of agricultural enterprises in Kherson and Mykolaiv regions amounted to more than 32,000 hectares of irrigated land.
The group of companies was founded in 2005 by businessman Serhiy Sypko. In 2019, Agrofusion launched a vegetable drying plant in Snihurivka (Mykolaiv region) and began the production of tomato powder.

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