Business news from Ukraine

Business news from Ukraine

NABU, SAPO HEADS EXPECT LAUNCH OF HIGH ANTI-CORRUPTION COURT

Head of the National Anti-Corruption Bureau of Ukraine (NABU) Artem Sytnyk and Head of the Specialized Anti-Corruption Prosecutor’s Office (SAPO) Nazar Kholodnytsky are expecting the launch of the High Anti-Corruption Court and hope the Verkhovna Rada will adopt a number of bills that are important for the work of anti-corruption authorities.
At a press conference in Kyiv on Friday, Sytnyk emphasized that it is necessary to return criminal liability for illegal enrichment, as well as resolve the situation that developed after the decision of the Constitutional Court on depriving the NABU of the right to file claims under agreements in criminal proceedings.
“There is an option on how to return these powers to the NABU and the SAPO. Therefore, I hope that with the start of work of the new parliament, these bills will be adopted,” Sytnyk said.
The NABU director expressed hope that the anti-corruption court will begin its work on time, on September 5.
“We have developed a sufficiently large baggage of cases, which is now awaiting its decision in courts,” he said.
“I hope that the law on the High Anti-Corruption Court will be amended in terms of eliminating the risks of blocking its work by a very large number of cases,” the NABU director said.

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KRAYINA INSURER RAISES GROSS PREMIUMS BY 40%

Krayina Insurance Company (Kyiv) in January-June 2019 received UAH 205.1 million of gross insurance premiums, which is 39.46% more compared to the same period in 2018, the Expert-Rating agency has said updating the rating of the company at the level of “uaAA+” according to the national scale for the specified period.
Part of insurance premiums owned by reinsurers grew by 2.4 times and amounted to 3.71%.
Insurance payments for the first six months of 2019 increased by 19.74%. The ratio between payments and gross premiums amounted to 48.26%, which is quite a high level of payments for companies specializing in conventional types of insurance, the agency notes.
The company’s assets as of June 30, 2019 remained practically unchanged and amounted to UAH 234.930 million, gross liabilities increased by 5.5%, to UAH 127.370 million, net worth decreased by 5.56%, to UAH 107.560 million. As a result, the company’s capitalization decreased by 9.89 percentage points, to 84.44%.
Krayina insurer has been operating in the insurance market of Ukraine since 1994. It has licenses for 23 types of insurance.

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REIKARTZ CHAIN REPLENISHED WITH HOTEL IN KHMELNYTSKY

Reikartz Hotel Management LLC (Kyiv), the managing company of the national hotel chain Reikartz Hotel Group, has signed an agreement to manage the Soniachny Provans (Sunny Provence) hotel in Sataniv (Khmelnytsky region), which has become part of the network under the Vita Park brand.
“The Soniachny Provans hotel in Khmelnytsky region has become a new member and the seventh resort hotel in the Reikartz Hotel Group chain. From August 1, the hotel starts operating under the name Vita Park Soniachny Provans ” Reikartz said on its website.
According to the report, the hotel has 99 rooms of various categories, as well as a restaurant, a conference room, a swimming pool, as well as a SPA center.
“Work on the implementation of operating, sales and marketing standards is already underway. The company plans not only to develop a finished product, but also expand the range of services for guests. Soon, a full-fledged Swedish line and a team of animators will begin to work in the hotel,” the operating director of Reikartz Hotel Group, Andriy Dema, said.
Reikartz Hotel Management LLC was established in 2008.

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RISOIL OPENS CROWDING PEN FOR 70 TRUCKS IN CHORNOMORSK PORT

Risoil S.A. Group of Companies has opened ‘Bond’ crowding pen for the motor vehicles that can afford 70 trucks at Risoil Terminal grain terminal in Chornomorsk port (Odesa region).
As the company said on Facebook, this is the second crowding pen for the vehicles due to which Risoil Terminal will accept up to 100 motor vehicles.
“The main function of the facility is the accumulation and dispatching control of the movement of the cargo vehicles following unloading at the Risoil Terminal,” Risoil said.
Besides, along with the opening of the pen, the terminal launches a system of automatic control and a system of motor recording based on Jit+ program.
“This mobile application is purposed for the truck drivers. Only tested elevators and vehicles can use the platform. Using the application, documents are processed quickly, and the cargo is delivered in time. Thanks to Jit +, you can also monitor the location of all machines,” reads the report.
Risoil S.A. was founded in 2000 in Geneva, Switzerland. The company’s structure allows it to utilize its resources to be stable and efficient, to develop actively, to be in touch with the world’s markets, and to adapt to their rapid changes. Over the years of development, the company has established offices and manufacturing facilities in Ukraine, and a number of countries in the European Union.

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DELIVERING COMPANY NOVA POSHTA DOUBLES VOLUME OF DELIVERIES IN MOLDOVA AND TRIPLES IN GEORGIA

Nova Poshta Moldova through January-June 2019 doubled a number of deliveries compared to the same period in 2018, Nova Poshta Georgia saw 32% rise in the similar indicator, Nova Poshta Group of Companies reported on its website.
According to the group, its offices in Moldova and Georgia managed to increase a number of processed deliveries and to shorten the terms of delivery thanks to launch of deliveries in any part of the country, delivery speed-up and attraction of the new large business clients.
“Fast and reliable delivery in Moldova favors development of the local online stores since the customers started to arrange online orders…As in Ukraine, one of the key segments of Nova Poshta in Moldova is e-commerce, a developing market with free niches. Therefore, the task of Nova Poshta Moldova is to create an effective logistics infrastructure mean to facilitate the development of e-commerce,” Nova Poshta International Operations Director Aliona Stepina said.
She said Georgia’s complex landscape and geography are such that not all the logistics companies operating in this country are ready to deliver parcels and cargo to remote mountain settlements. Meanwhile, Nova Poshta Georgia managed to ensure delivery to each client, which became an important competitive advantage and allowed the company to enter the top three market leaders and improve the quality of work with business clients.
The group stressed that the companies in both states continue to expand the list of the services both for domestic deliveries, as well as for international destinations, will introduce digital-tools, which have already proved to be effective in Ukraine.
Nova Poshta Moldova and Nova Poshta Georgia are parts of Nova Poshta Group.
Nova Poshta, founded in 2001, is the leader in the local delivery market. The company’s network consists of more than 3,300 offices throughout Ukraine.

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FIRST MEETING OF NEW UKRAINIAN PARLIAMENT TO TAKE PLACE ON AUG 29

A group of Members of Parliament in charge of preparations for the first meeting of the Verkhovna Rada of the 9th convocation has decided to hold such a meeting on August 29. “Our political force proposes holding the first meeting of the Verkhovna Rada of the 9th convocation on August 29,” MP from the Servant of the People Party Dmytro Razumkov, who was tapped to head the group, said at a meeting on Friday.
He put the motion to the vote, and most members of the group supported it.

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