Business news from Ukraine

Business news from Ukraine

FRENCH AXA RAISES PREMIUM COLLECTION IN UKRAINE BY 14%

AXA Insurance (Kyiv) in January-June collected more than UAH 915.6 million in gross insurance premiums, which is 14% or UAH 115 million more than for the same period in 2017, according to the press release of the insurer.
The total volume of insurance claim fee payments for this period was UAH 455 million, which is 17% more than in 2017 (UAH 390 million).
According to the press release, in the six months of 2018 the volume of premiums on KASKO was UAH 522 million, showing an increase of 10%. At the same time, 66% of premiums or UAH 346 million are due to contracts concluded with individuals.
According to the programs of voluntary medical insurance (the company is included in the top three of the market leaders) for six months of this year, AXA collected UAH 138 million of premiums (a 32% increase), undertaking obligations on more than 346,000 contracts. In the first half of 2018, voluntary health insurance programs for individuals were successfully launched.
AXA Insurance belongs to AXA Group (France). It is represented in the Ukrainian insurance market since 2007. The company employs more than 780 people and 1,220 agents throughout Ukraine.

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AFTER OVERHAUL OF BIG ORBITAL ROAD BURDEN ON STREETS IN KYIV TO DECREASE – VITALI KLITSCHKO

After the overhaul of the big orbital road the transport burden on central streets in Kyiv would decrease, as transit vehicles would avoid central roads, Kyiv Mayor Vitali Klitschko has said. The press service of the mayor of Kyiv reported that during the inspection of the construction of the overpass and the junction on the orbital road, in the section from Marshal Rokosovsky Street to Bohatyrska Street, Klitschko said that the main thoroughfare in this section will be about 2 kilometers. The plan provides for the construction of 2 new overpasses, an underground pedestrian crossing, the installation of an embankment, the re-laying of all communications and utility networks. Also landscaping of the adjacent territory will be provided.
According to him, now work has been done to prepare for the construction of overpasses through Bohatyrska Street and through the railway. The tunnel part of the underground pedestrian crossing was made. The development of earth embankment has begun. All the work at the site should be completed next autumn.
Also Klitschko checked up how works on overhaul of Kulzhenko Family Street are being conducted. After the repair there will be a direct exit to the orbital road, which is currently under construction. This will significantly relieve the area of Taras Shevchenko Square from especially transit transport, this will reduce the number of “traffic jams” in the area. Klitschko reminded that over the previous two years more than 500 kilometers of roads were repaired in Kyiv. And at least 300 kilometers are planned to be renewed this year.

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UKRAINE THRESHES 22 MLN TONNES OF GRAIN, YIELD IS 32.2 CENTNERS PER HA

Ukraine as of July 30 had threshed 22.4 million tonnes of early grain and leguminous crops from 7 million hectares (70% of the forecast for these crops) with the yield being 32.2 centners per ha. According to the Ministry of Agrarian Policy and Food, farmers harvested 17 million tonnes of winter wheat from 4.9 million hectares (76% of the forecast) with the yield of 34.8 centners/ha, 54,400 tonnes of spring wheat from 22,700 hectares (12%) with a yield of 23.9 centners/ha, 3 million tonnes of winter barley from 850,500 hectares (97%) with the yield being 34.9 centners per ha, 1.6 million tonnes of spring barley from 793,000 hectares (49%) with a yield of 20.8 centners/ha, and 590,500 tonnes of peas from 342,400 hectares (79%) with a yield of 17.2 centners/ha.
The country also harvested 86,000 tonnes of rye from 36,000 hectares (24%) with a yield of 22.4 centners/ha and 25,600 tonnes of oats from 14,300 hectares (7%) with a yield of 17.9 centners/ha. In addition, farmers threshed 2.4 million tonnes of winter rapeseeds from 930,000 hectares (95%) with a yield of 25.9 centners per ha and 21,000 tonnes of spring rapeseeds from 12,000 hectares (17%) with the yield standing at 17.3 centners/ha.

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