Ultra Alliance Insurance Company PrJSC (formerly Ultra Insurance Company Kyiv) will increase its authorized capital to UAH 48 million by holding an additional issue of UAH 18 million.
According to the information disclosure system of the National Securities and Stock Market Commission, this decision was made by the shareholders during a meeting on August 21.
It is also noted that the issue is planned to be carried out by allocating to the authorized capital of the company the profit received for 2019-2022 in the total amount of UAH 18 million. The issue will be carried out by increasing the nominal value of shares from UAH 1 thousand to UAH 1.6 thousand.
The authorized capital is being increased to comply with the minimum authorized capital requirements for insurance activities in accordance with the provisions of the Law of Ukraine “On Insurance”.
Ultra Alliance Insurance Company was registered in 2004. The authorized capital is UAH 10 million. The company specializes in risk insurance. The ultimate beneficiary is Igor Yankovsky.
The National Rating Agency “Rurik” has assigned the long-term credit rating of the borrower at the level of uaAA of the investment category with the forecast “in development” and the rating of financial reliability (stability) of the insurer at the level of uainsAAA of the investment category.
KP MMP “Mykolaivelectrotrans” on September 1 announced a tender for compulsory insurance of civil liability of owners of land vehicles (OSAGO), according to the system of electronic public procurement Prozorro.
The expected cost of the purchase of services is UAH 334 thousand.
Security of the tender offer is not required.
The deadline for submission of tender offers is September 13.
PJSC Ukrnafta will provide fuel to the National Children’s Specialized Hospital Okhmatdyt (Kyiv) to operate during blackouts, the company said in a press release on Thursday, citing a post by Director Sergiy Koretsky on its Facebook page.
Koretsky signed a memorandum with Okhmatdyt CEO Volodymyr Zhovnir.
“While we are working in the energy rear, doctors are saving lives. It is important that doctors can work and children can receive medical care under any conditions. I am very grateful to the medics who continue to save lives in all circumstances – during air raids, shelling, blackouts,” said the Ukrnafta CEO.
“Okhmatdyt is the largest specialized children’s hospital in Ukraine. It performs over 10 thousand surgeries annually. 20 thousand of its patients are treated, and about 270 thousand receive consultations.
Since the beginning of the full-scale invasion, Okhmatdyt has not stopped working. It provided emergency care to the victims of the hostilities, worked during the occupation of Kyiv region and blackouts.
Pharmacy sales for January-June 2023 increased in monetary terms by 19% compared to the same period of 2022 – to UAH 84.126 billion, but in physical terms decreased by 10.4% – to 612.11 million packs.
Business Credit reported to Interfax-Ukraine that according to its research, the weighted average price of goods of the pharmacy basket in the first half of 2023 amounted to 137.44 UAH – 33% more than in the same period of 2022.
In addition, pharmacy sales of medicinal products in the first half of the year in monetary terms amounted to UAH 65.96 billion (by 16.9%).
At the same time, in physical terms, pharmacy sales of drugs decreased by 8.12% to 430.899 mln packs.
According to “Business Credit”, in monetary terms, the greatest sales dynamics in January-June 2023 were demonstrated by household chemicals (58.6% growth), mineral water (52.1%) and dietary supplements, sales of which increased by 51.2% – to UAH 8.452 billion.
At the same time, in physical terms, almost all products of the pharmacy basket showed negative dynamics, except for dietary supplements, sales of which increased by 22% – to 50.611 mln packs, household chemicals (17.64% growth), medical cosmetics (13.15% growth) and mineral water (9.62%).
As reported, in January-May 2023, pharmacy sales in Ukraine increased by 15.4% compared to the same period of 2022 – up to UAH 70.398 billion, sales of medicines – by 12.84%, up to UAH 55.249 billion.
The World Bank will provide Ukraine with $232 million in compensation for minor repairs to private houses and apartments affected by the Russian invasion under the Housing and People’s Empowerment (HOPE) project.
“The HOPE project will help thousands of Ukrainian families receive funds to begin repairing their homes before winter sets in. The project will also support the Government of Ukraine in laying the groundwork for a sustainable, inclusive, and green recovery – a huge task that will take time and significant international support. The World Bank is supporting Ukraine on its path to rebuild housing and other urban infrastructure,” said Antonella Bassani, World Bank Vice President for Europe and Central Asia, as quoted in the press release.
The initial financing of the project is $232 million, of which $70 million is a loan from the International Bank for Reconstruction and Development secured by a guarantee from the Government of Japan, and $162.5 million is a grant from the multidonor Trust Fund for Supporting the Recovery and Reform of Ukraine.
The current funding will help to reimburse the costs of repairing partial damage and repairs to 98,000 individual homes and 8,000 families in 160 apartment buildings in five regions. The press release notes that the program beneficiaries will receive compensation for the repairs.
Later, additional funding of up to $800 million is expected from the World Bank and partners in the form of loan guarantees, grants and other contributions, the statement said.
“As of February 2023, the total cost of damage to Ukraine’s housing sector was estimated at more than $50 billion. This project aims to help repair approximately two-thirds of the country’s damaged residential buildings that are considered suitable for repair,” the press release said.
The project will be launched by the Ministry of Communities, Territories and Infrastructure of Ukraine (Ministry of Reconstruction).
It is noted that the HOPE project is the fourth World Bank framework project approved in Ukraine this year.
It is estimated that 1.4 million housing units have been damaged by the Russian invasion, which is 7% of the total housing stock of 3.5 million people. At the same time, 87% of the damaged housing is apartment buildings, mostly in urban areas.
Preparation of new framework projects “Lifting up Education And Results in Times of Need” (LEARN) and “Investing in Social Protection for Inclusion, Sustainability and Efficiency” (INSPIRE) was discussed by the Ministry of Finance of Ukraine and representatives of the World Bank on August 29.
According to the Ministry of Finance on its website on Wednesday, the estimated cost of these projects is $500 million and $1.2 billion, respectively.
It is specified that also in the center of attention was a new project “Strengthening the health care system and preservation of life” (Heal Ukraine), announced earlier this year in the amount of EUR 368 million.
The Ministry of Finance reminded that the projects “Improvement of Higher Education in Ukraine for Results” in the amount of $200 million and “Modernization of the System of Social Support of the Population of Ukraine” in the amount of $750 million are currently being implemented.
It is indicated that at the meeting Deputy Minister of Finance Roman Yermolichev noted the importance for Ukraine to implement measures aimed at the formation of human capital, in particular the development of health care, education and social protection.
“For us now one of the main challenges is to work out effective measures and incentives for our citizens to return to Ukraine and invest their capital in the development and restoration of the state. In addition, we also have to work out the necessary solutions to make school education qualitative and effective for children,” he said.
In his opinion, the new joint LEARN project will provide the urgent needs for the reconstruction of the education sector in Ukraine.
The deputy minister added that special attention was paid to the continuation of the New Ukrainian School reform.
