Last year, PJSC “Insurance Company ‘Persha’ (Kyiv) collected UAH 1.123 billion in gross premiums, which is 35.62% more than in 2023, according to the rating agency ‘Standard Rating’ in information on the confirmation of the credit rating/financial strength rating of the IC at the level of ‘uaAA’ on the national scale based on the results of activities for 2024.
It is also reported that revenues from individuals increased by 2.32% to UAH 417.581 million, while revenues from reinsurers, on the contrary, decreased by 30.54% to UAH 2.404 million. Thus, at the end of 2024, the share of individuals in the insurer’s gross premiums amounted to 37.19%, i.e. legal entities prevailed in the company’s client portfolio.
Insurance payments sent to reinsurers in 2024 increased by 4.38% to UAH 78.338 million compared to 2023, while the reinsurer participation ratio in insurance premiums decreased by 2.09 percentage points (p.p.) to 9.68%.
According to the RA, the insurer’s net written premiums increased by 38.73% to UAH 1.044 billion, and net earned premiums – by 39.56% to UAH 1.047 billion.
In 2024, Perva Insurance paid out UAH 452.743 million in insurance claims and indemnities to its clients, which is 55.09% higher than the volume of payments in 2023. Thus, the level of payments increased by 5.07 percentage points to 40.33%.
According to the results of 2024, the company’s operating profit increased to UAH 30.607 million, net profit – to UAH 36.279 million, return on equity amounted to 14.42%.
As of January 1, 2025, the insurer’s assets increased by 18.51% to UAH 1.099 billion, equity showed an increase of 33.64% and amounted to UAH 251.522 million, liabilities increased by 14.66% to UAH 847.291 million, cash and cash equivalents – by 2.54% to UAH 228.930 million.
At the same time, the RA notes that as of January 1, 2025, IC “Persha” formed a portfolio of current financial investments in bank deposits in the amount of UAH 16.625 million, which, together with cash and cash equivalents, covered 28.98% of its liabilities.
Thus, as of the beginning of 2025, the insurer had satisfactory levels of capitalization (29.69%) and the ratio between liquid assets and liabilities (28.98%).
“Persha” Insurance Company has been operating in the Ukrainian insurance market since 2001. The company’s main specialization is motor insurance. IC “Persha” is a member of MTIBU, the League of Insurance Organizations of Ukraine, and the National Insurer of International Road Transport Carnet (TIR).
Number of dead and wounded civilians in Ukraine from 24.02.2022 till 31.12.2024 un data
Source: Open4Business.com.ua
A large-scale international technical assistance project, the Belgian Initiative for the Recovery of Ukraine (BE-Relieve Ukraine), implemented by the Belgian government through the development agency Enabel, has officially started in Ukraine, the press service of the Ministry of Community and Territorial Development reports.
“BE-Relieve Ukraine is not just about technical assistance. It is a project aimed at a partnership between Ukraine and Belgium in the reconstruction of our country. The main principle of our cooperation is “To rebuild better than before.” BE-Relieve Ukraine will last until the end of 2028. During this time, Ukraine will receive €150 million from the Belgian Government to restore and maintain critical infrastructure, prepare for winter, and create an inclusive environment,” said Kostyantyn Kovalchuk, Deputy Minister of Communities and Territories Development.
The main areas of the project are the modernization of energy infrastructure, reconstruction of medical facilities, renovation of school and vocational education infrastructure, as well as promoting reforms and strengthening ties with Belgian partners.
Priority activities include the transfer of 212 generators for educational institutions, mobile boilers for hospitals and utilities, and the repair of medical infrastructure.
Experts Club Information and Analytical Center has analyzed the dynamics of industrial production in Serbia and its growth trends in Serbia in recent years. At the beginning of 2025, industrial production in Serbia shows a slowdown in growth compared to the previous year. According to Trading Economics, in January 2025, industrial production increased by 0.4% in annualized terms, but in February it recorded a decrease of 1.8% compared to the same period in 2024.
In 2024, industrial production in Serbia showed positive dynamics. In December 2024, growth amounted to 2.7% in annual terms, which was the result of a 9.9% increase in production in the extractive industry and a 5.6% increase in manufacturing.
In order to understand the current trends, let us look at the changes in industrial production in Serbia in recent years, based on the analysis of data collected by the Experts Club for the period from 2000 to 2024.
2000: growth by 10.2%
2001: growth by 1.5%
2002: growth by 1.7%
2003: 3.5% growth
2004: 7.1% growth
2005: 0.8% growth
2006: 4.7% growth
2007: 4.9% growth
2008: increase of 1.1%
2009: decrease of 12.1%
2010: increase of 2.5%
2011: increase of 2.1%
2012: decrease of 1.5%
2013: increase of 5.5%
2014: decrease of 6.5%
2015: increase of 8.3%
2016: growth of 4.7%
2017: increase of 3.9%
2018: growth of 1.3%
2019: increase of 0.3%
2020: decrease of 1.0%
2021: increase of 6.0%
2022: increase of 1.9%
2023: increase of 5.8%
2024: 3.1% growth
The data reflect fluctuations in Serbia’s industrial production over the last 25 years, with periods of both growth and decline. For the last 4 years, industrial production in Serbia has been growing steadily.
Experts Club Information and Analytical Center has analyzed the inflation rate and its trends in Croatia in recent years. In 2025, inflation in Croatia shows a downward trend after the peak values of previous years. According to Eurostat, in March 2025, annual inflation amounted to 3.2%, down from 3.7% in February and 5.0% in January .
The decline in inflation is due to several factors.
Stabilization of energy prices: after sharp fluctuations in previous years, energy prices have started to stabilize, which has reduced pressure on the overall price level.
Moderate increase in food prices: despite the continuing impact on inflation, the rate of increase in food prices has slowed down.
Slowdown in service price increases: the services sector has seen a reduction in inflationary pressures, which has also contributed to the overall decline in inflation.
According to the European Commission’s forecasts, inflation is expected to fall further to 2.9% in 2025 and 2.2% in 2026.
To understand current trends, it is important to look at Croatia’s inflation rate in recent years.
2021: 2.7%
2022: 10.7%
2023: 8.4%
2024: 4,0%
These data suggest that after a significant increase in inflation in 2022, associated with global economic turmoil, Croatia is gradually returning to a more moderate rate of price growth .
Taras Kachka, Deputy Minister of Economy and Trade Representative of Ukraine, notes that the investment fund of Ukraine and the US, which will be created within the framework of the agreement on minerals, will have the right to invest both in the development of deposits and in infrastructure projects: road, port, energy.
“This fund as a financial instrument will have the privileged right to invest in a wide range of facilities in Ukraine as soon as there are investment opportunities for it,” Kachka, who is leading the Ukrainian negotiating delegation, said on the air of a national telethon.
“First of all we are talking about minerals, …. but we are also interested in American investments in infrastructure…. By no means does this mean that we are talking a priori about transferring (infrastructure) directly to the fund. … It is only about us giving this fund the opportunity to invest in projects and … create conditions for earning money in favor of Ukraine and the American people,” Kachka explained.
Regarding the so-called debt of Ukraine, Kachka emphasized that “it is necessary to clearly and unambiguously deny … we are not talking about any new debt or transformation of the previous aid into debt, i.e. there is no logic of debt obligations in the proposals of the USA and, accordingly, in the proposals of Ukraine…. it is about… how much both the US and Ukraine want to earn from investments in Ukraine.”
He said that next week there will still be talks and “certain positive news” regarding military aid from the US.
On April 24, the two negotiating teams will continue talks in Washington on the agreement. In a memorandum, Kachka said, they agreed to report back on what was achieved on April 26.
