Ukrainian State Postal Service Enterprise (USPS) “Ukrposhta” announced on October 23 its intention to conclude a contract with IC “European Insurance Alliance” (both – Kiev) for services of compulsory insurance of civil liability of owners of motor vehicles (OSAGO).
As reported in the system of electronic public procurement “Prozorro”, the expected cost of the service amounted to UAH 1.162 million, the company’s price offer – UAH 345,105 thousand.
The tender was also attended by insurance companies “Guardian” with an offer of UAH 350.799 thousand, “Inter-Policy” – UAH 350.8 thousand, “Kraina” – UAH 553.8 thousand, “Euroins Ukraine” – UAH 569.9 thousand.
The Committee on Legal Policy recommends that the Verkhovna Rada adopt the draft law (No. 9235) on certain issues of disclosure of banking secrecy and measures to establish custody of the property of a missing person, the press service of the Ukrainian parliament’s apparatus reports.
The draft law proposes to amend the Civil Code and the laws “On Notaries”, “On Banks and Banking” and “On the Legal Status of Persons Missing in Special Circumstances”.
The draft law, in particular, defines the procedure for notaries to establish guardianship over the property of an individual who has been declared missing or a person who has gone missing under special circumstances. The draft law expands the list of persons to whom banks may disclose information constituting bank secrecy. In particular, it provides for its disclosure at the request of notaries to perform a notarial act to take measures to establish guardianship over the property of an individual who has been declared missing or a person who has gone missing under special circumstances.
The adoption of the draft law will allow family members of an individual who has been declared missing or missing under special circumstances to receive a notarized certificate of guardianship over the property of such persons. The law will also ensure the protection of the rights and interests of Ukraine in foreign jurisdictions in cases related to compensation for damage caused as a result of an international armed conflict in the country.
On May 23, the Verkhovna Rada adopted in the first reading a draft law amending certain laws on certain issues of disclosure of banking secrecy.
OKKO Group has begun construction of the all-season mountain resort GORO Mountain Resort at the foot of the Vysokyi Verkh mountain range at an altitude of 650 m above sea level in Lviv region, the group’s website reported on Wednesday.
The total investment in the recreation project is estimated at $1.5 billion. OKKO Group plans to invest $500 million using its own and credit funds, and another $1 billion is planned to be raised from other investors.
The total area of GORO Mountain Resort will be almost 1200 hectares, of which 360 hectares are planned for mountain and ski infrastructure, and more than 800 hectares for the development of hotel, commercial and recreational facilities.
Over the next 15 years, it is planned to build 41 75 km long ski runs with 342 hectares of snow cover, 17.5 km of ski lifts, including two modern gondola lifts and 11 chair lifts, as well as Welcome and Mountain centers.
The construction of the first stage of GORO with a total area of 127 hectares has already begun 5 km from Slavske village and is expected to be completed in 2028-2029. It will include 10 ski slopes with a length of 13 km, five hotel complexes with 1100+ rooms, along with recreational infrastructure with spa areas, swimming pools, restaurants, children’s and business areas.
“We see the future, even despite the challenges of war, and understand the importance of such ambitious projects for the socio-economic development of the Lviv region. The new mountain recreational project should become a magnet for Ukrainian and foreign tourists and potential investors, putting a modern mountain location on the tourist map of Europe,” said Vasyl Danyliak, CEO of OKKO.
OKKO Group in GORO Mountain Resort acts as the sole owner, major investor, master developer, developer and operator to ensure the harmonious development and holistic concept of the all-season recreational project.
OKKO Group has engaged world-class Austrian experts to create an international format: PKF Hospitality (investment analysis and concept), ILF Group (master plan and ski infrastructure) and Doppelmayr/Garaventa Group (design of lifts and cable cars). GORO Development, an investment and development company, is engaged in the development and construction of real estate on the territory of GORO Mountain Resort, and a single operator will manage the complex.
OKKO Group unites more than 10 diversified businesses in the fields of production, trade, construction, insurance, maintenance and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.
The group’s founder and ultimate beneficiary is Vitaliy Antonov.
Centravis Production Ukraine, a part of Centravis Ltd. holding, paid UAH 405 million to the budgets of all levels in January-September this year, which is approximately the same as in the same period.
“In terms of calendar days, our company pays about UAH 1.5 million in taxes every day. This is a significant amount and an important result of our entire team,” said Alexander Joseph, CFO of Centravis, as quoted in the company’s press release on Wednesday.
According to him, the company pays great attention to social responsibility and strives to support its employees working in difficult circumstances in frontline Nikopol. In particular, in 2024, the salary level was revised twice, which now averages UAH 27,912.
It is also recalled that in 2023, Centravis transferred UAH 0.56 billion to the budgets of all levels. Thus, the company is expected to pay approximately the same amount of taxes and fees in 2024 as in 2023.
As reported, Centravis increased its pipe production by 8% year-on-year to 10.18 thousand tons in 9M2024 (9.4 thousand tons in 9M2023). The share of exports in total production in 2024 reached 98.9%.
“In 2023, Centravis increased production by 12% to 12.2 thousand tons. More than 98% of its products are supplied to foreign markets. The company has exported its products to 38 countries, including Germany, Italy, the USA, Japan, South Korea, the UAE, Oman, and others.
Today, Centravis is one of the world’s ten largest producers of seamless stainless steel pipes.
“Founded in 2000, Centravis is one of the ten largest producers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovska oblast). In 2023, the company opened a branch in Uzhhorod.
Centravis Holding Ltd. was established on the basis of Nikopol Stainless Pipe Plant CJSC, service and trading companies of Production and Commercial Enterprise YUVIS LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares in Centravis Production Ukraine.
In January-June 2024, Varus supermarket chain paid UAH 700 million in taxes and fees to the state budget, the retailer’s press service reports.
“Every hryvnia of taxes paid to the state budget is another brick in building a strong economy of Ukraine. We are grateful to all the customers of Varus supermarkets, thanks to whom we continue to work and contribute to the support of our country,” comments Marina Panina, CFO of Varus.
In the first three quarters of 2024, Varus opened new stores in Pokrov, Zaporizhzhia, two in Odesa and renovated the store in Kryvyi Rih.
The release notes that the expansion of the network and the opening of new stores allows Varus to create and provide jobs for Ukrainians in different regions. The company pays special attention to internally displaced persons. First of all, the company helped evacuate and provided new jobs to its employees from the regions where active hostilities are ongoing. The IDPs are employed in all cities where the chain has stores. In the city of Dnipro alone, more than 500 IDPs have been employed in the chain’s stores.
In 2023, Varus paid UAH 1.1 billion in taxes and fees to the state budget.
The growth of potato prices in Ukraine continues, analysts of the EastFruit project report. According to regular monitoring, positive price trends have been recorded for more than a month, starting from the last decade of September this year. Traditionally, prices for potatoes in Ukraine during the first autumn month do not increase, as there is an active harvesting and the market receives large volumes of products, which farmers are trying to sell in the shortest possible time. During this period, both medium and low quality potatoes, which are not subject to long-term storage, and high-quality products, which the producer does not plan to store or does not have such an opportunity, are sold. As a result, this season on the potato market in Ukraine has already become exceptional.
Thus, today in the main regions of production potatoes are offered for sale at UAH 20-30/kg ($0.48-0.73/kg), depending on the variety, quality and volume of offered batches of products, which is on average 18% more expensive than at the end of the last working week. It can be stated that potato prices continue to set new price records of the last decade.
According to key market players, the positive price trend in this segment is due to several factors at once. Thus, this week the majority of Ukrainian farmers reported about the completion of potato shipment directly from the field, so the farms offered for sale this product from storage, the prices for which are traditionally higher. Even more confident support for prices continues to be provided by limited supply of potatoes on the market due to a significant decrease in yields of this crop in the current season. Recall, the maximum damage to the future crop, according to producers, caused by dry and hot weather in Ukraine throughout July this year.
Potato prices in Ukraine remain the highest among all countries in the project monitoring region. This fact allows to make forecasts that the domestic market will receive significant volumes of imported products in the first half of the current season. According to experts, it is with the beginning of mass imports price situation on the potato market in Ukraine may stabilize.
It should be noted that today the price of potatoes in Ukraine is already on average 2.9 times higher than at the end of October 2023. At the same time, major market players are not in a hurry to sell the main volumes of potatoes, as they expect further price growth in this segment.
For more detailed information on the development of the market of potatoes and other horticultural products in Ukraine you can get by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed product information is available here.
