Business news from Ukraine

Business news from Ukraine

Ukrainian Agri-Insurance Company increased gross premiums by 56.2%, payments by 32.7%

In January-September 2023, PJSC “Ukrainian Agrarian Insurance Company” (UASC, Kyiv) collected UAH 17.863 million in gross premiums, which is 56.2% more than in the same period of 2022, according to the rating agency “Standard Rating”, confirming the company’s financial strength rating at the level of “uaAA” on the national scale.

According to a report on the RA website, in particular, revenues from individuals decreased by 22.41% to UAH 180 thousand, and there were no premiums from reinsurers in the period under review.

Insurance payments sent to reinsurers for the three quarters of 2023 compared to the same period of 2022 increased by 65.52% to UAH 8.592 million, and the reinsurer participation ratio in insurance premiums increased by 2.70 p.p. to 48.1%.

In addition, the insurer’s net written premiums increased by 48.53% to UAH 9,271 million, and earned premiums by 27.71% to UAH 10,540 million.

In the first nine months of 2023, the company paid UAH 2,761 million in insurance claims and reimbursements to its customers, which is 32.68% higher than in the first nine months of 2022. Given the higher growth rate of gross premiums compared to insurance claims, the level of payments in the analyzed period decreased by 2.74 p.p. to 15.46%.

According to the results of January-September 2023, the company received a net profit of UAH 1.099 million. Its assets increased by 13.64% to UAH 89.405 million, equity showed an increase of 1.86% to UAH 60.316 million, liabilities increased by 49.52% to UAH 29.089 million, cash and cash equivalents decreased by 76.92% to UAH 1.738 million.

RA informs that as of October 1, 2023, the company has formed a portfolio of current financial investments in the amount of UAH 78.054 million, consisting of deposits in banks with a credit rating of at least uaAA (UAH 18 million) and investments in government bonds (UAH 60.054 million).

IC Ukrainian Agricultural Insurance Company (formerly IC Salamandra-Dnipro) has been operating in the country’s market since 1995.

According to the company, 84.75% of its authorized capital is owned by Dobrobut Agrofirm, 5.5% by Astarta-Kyiv Firm LLC, and 9.75% by Poltavazernoproduct LLC.

As reported, in August this year, the NBU approved Astarta Holding PLS’s indirect ownership of 100% of the insurer’s shares.

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Scrap collectors increased scrap supplies to steelmakers by 8.2%

In January-November of this year, ferrous scrap enterprises increased scrap supplies to Ukrainian steelmakers by 8.2% year-on-year to 910.9 thousand tons from 841.9 thousand tons.

As reported in the operational information of the Ukrainian Association of Secondary Metals (UAVtormet) on Thursday, scrap metal procurement for 11 months of this year increased by 27.3% compared to the same period last year – up to 1 million 127.6 thousand tons from 886.1 thousand tons.

At the same time, exports of scrap metal for the period amounted to 161 thousand tons compared to 42 thousand tons in January-November 2022 (an increase of 3.83 times). At the same time, imports of scrap amounted to 0.9 thousand tons, while for 11 months of 2022 – 2.3 thousand tons.

As of December 1, 2023, the level of scrap metal stocks at Ukrainian steelmaking enterprises was estimated at 35-40 thousand tons.

As reported, in 2022, Ukraine reduced scrap procurement by 75.9% compared to 2021 – to 996.7 thousand tons from 4.136 million tons. Last year, scrap exports amounted to 53.6 thousand tons, which is 11.5 times less than in the previous year (615.7 thousand tons). At the same time, scrap imports amounted to 1.8 thousand tons (in 2021 – 23 thousand tons).

In 2022, scrap supplies to the country’s steelmaking companies decreased by 73% compared to 2021, to 895.7 thousand tons from 3 million 323.4 thousand tons.

“UAVtormet forecasts ferrous scrap procurement of 1.25-1.3 million tons in 2023. In addition, it is expected that scrap supplies to the country’s steelmakers will amount to 1-1.05 million tons. Exports of scrap metal are expected to reach 180-200 thousand tons, while imports are expected to reach 0.8-1.2 thousand tons. Steel production is expected to reach 5.7-5.9 million tons.

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Promotional offers from ADONIS

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The number is limited.

 

Special offer in Bucha “Believe and live”

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Terms of the special offer:

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– Medical support of a patient in a ward for two or more people – UAH 1,100;
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The special offer is valid until 12/31/2023.

 

Birthday discounts

For you, dear birthday people, we are launching a permanent loyalty program:

– 45% off comprehensive professional teeth cleaning!

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The special offer is valid until 12/31/2023.

 

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The special offer is valid until 11/31/2023.

All special offers

Charity boom: number of charitable organizations has almost doubled since beginning of full-scale war

The number of charitable organizations has increased by 74% since the beginning of the full-scale invasion. At the same time, the total number of non-profit organizations, including charities, has remained almost unchanged.

As of early December 2023, there were 20,671 charitable organizations in Ukraine. Their number has increased by 74% since the beginning of the full-scale war.

At the same time, the total number of non-profit organizations has remained almost unchanged, with 1,600 organizations added. This is less than 1% of the total number of organizations. In total, there are currently 208,385 nonprofit organizations in Ukraine.

Among all nonprofit organizations, the largest number of them are public associations – 57,497 or 27.5% of the total number. Before the start of the full-scale war, various state employees were in second place, but now they have been replaced by apartment building co-owners associations – 33,402 or 16.03%. The top is rounded out by 31,293 non-profit budgetary institutions.

The number of budgetary institutions and creative unions decreased most significantly – by 27.6% and 26.9%, respectively.

The capital has the largest number of registered nonprofit organizations – 11.8% of the total number in the country. Their number is growing every year. Over 4,000 such institutions have been added to the capital during the full-scale war.

The second place is occupied by Lviv region – 7.8%. Dnipropetrovs’k region is in third place: 7.3%. Odesa and Kyiv regions round out the top five with 5.8% and 5% respectively.

You can check the nonprofit status of an organization in the Opendatabot. To do this, send the bot the company code.

https://opendatabot.ua/analytics/non-profit-2023

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SE SETAM sells seized building in Pechersk district of Kyiv

The Enforcement Division of the State Enforcement Service Department of the Ministry of Justice of Ukraine has put up for sale at an electronic auction on OpenMarket (SE SETAM of the Ministry of Justice of Ukraine) a building located at 139 Saksaganskogo Street in Kyiv.

The building has an area of 10,182.30 sq. m. (according to the technical inventory – 10,160.50 sq. m.). The price per square meter is UAH 27,510.

The lot is subject to a mortgage.

“The seized building on Saksaganskogo Street has been re-auctioned for the third time, so the lot is discounted by 30% from the first one. The building is located between Universytet and Vokzalna metro stations. Nearby, you can find a parking lot, public transport stops, shops, bank branches, a bus station, and much more. You can take part in the auction on December 18 by paying the guarantee fee in advance, namely UAH 14,005,740,” said Oleksandr Mamro, CEO of SETAM.

For more information, please follow the link: setam.net.ua/auction/537447

The OpenMarket auction (SE SETAM of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014. The total amount of sales since its launch is UAH 21.4 billion.

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Skoda double-decker electric train to run on Kyiv-Lviv route

Ukrzaliznytsia JSC (UZ) has assigned a double-decker Skoda electric train to the Intercity+ route No. 741/742 Kyiv-Lviv for the New Year’s Eve and holidays, the company’s press service said on Wednesday.
According to the telegram, the train will depart from Kyiv on December 22, 24, 28, 30, and January 1, 2, 5, 7 at 14:58 and arrive in Lviv at 20:56.
The train will run back from Lviv on December 23, 25, 29, 31, and January 2, 3, 6, 8, departing at 8:05 a.m. and arriving in Kyiv at 14:10 a.m.
“A convenient transfer to Lviv from a Warsaw flight via Rava-Ruska has also been agreed in this direction,” UZ emphasized.
The company added that at the time of the Skoda electric train’s arrival in Lviv, a train with seating cars will run to Cherkasy on the route No. 729/730 according to a changed schedule.
In addition, an additional train No. 159/160 Kyiv – Truskavets (via Lviv) has been scheduled. It will depart from Kyiv on December 23 and 29 at 10:24 and arrive in Truskavets at 19:35.
In the opposite direction, the train will depart from Truskavets on December 23 and 29 at 8:26 a.m. and arrive in Kyiv at 18:44.
“Tickets for the upcoming dates are already available in the Ukrzaliznytsia app, chatbot, website, and at the ticket offices of the stations,” UZ said.
The Skoda EJ 675 Elephant electric train consists of six double-decker cars, has 636 seats and can accelerate to 160 km/h.
“Ukrzaliznytsia has purchased two Czech electric trains Skoda EJ 675 Elephant in preparation for Euro 2012.

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