Department of transport and urban mobility of Vinnytsia city council on August 10 announced its intention to conclude a contract with IC “Misto” (Vinnytsia) for insurance of 30 buses and 40 trolleybuses.
As reported in the system of electronic procurement Prozorro, the price offer of the company amounted to 131,358 thousand UAH at the expected cost of -131,610 thousand UAH.
As reported, a year earlier the winner of a similar tender was also IC “Misto”
IC “Misto”, registered in 2008, specializes in providing services in the field of risk insurance.
The city municipal enterprise Vinnytsia Fund of Municipal Investments is the owner of 24,59% of shares in IC Misto, the territorial community of Vinnytsia – 74,9508%.
The money supply (aggregate M3) in Ukraine after growth in June by 2.6% in July added another 2.2%, or UAH 59.5 billion, and reached UAH 2 trillion 788.4 billion, the National Bank said.
According to data on its website, deposit growth in the seventh month of this year slowed to 2.3% from 2.8% in June and was again provided mainly by hryvnia deposits, which, after rising by 3.7% in June, increased by another 3.3% or UAH 45.7 billion in July to UAH 1 trillion 420.2 billion.
Foreign currency deposits, which grew by UAH 6.7 billion in June, increased by only UAH 1.2 billion, or 0.2%, to UAH 690.3 billion (in hryvnia equivalent) in July.
Money in circulation outside banks (M0), after growing by 2.3% in June, added another 1.9% in July to UAH 677.0 billion, exceeding the level of the beginning of this year (UAH 666.1 billion).
The growth of the monetary base (reserve funds) after slowing down in June to 1.6% in July accelerated to 3.9%, amounting to UAH 35.6 billion – up to UAH 943.0 billion. Such dynamics is associated with an increase in July by 9.4%, or by UAH 22.9 billion, in banks’ reserve funds – up to UAH 266.0 billion and by 3.3%, or by UAH 15.7 billion in certificates of deposit – up to UAH 494.6 billion.
The volume of all loans in July increased for the first time in the last 12 months – by 0.5%, or UAH 4.8 billion – to UAH 943.0 billion. In particular, hryvnia loans increased by 0.4% or UAH 2.9 billion to UAH 697.4 billion, while foreign currency loans increased by 0.8% or UAH 1.9 billion to UAH 2457 billion.
Overall, in the first seven months of this year, money supply increased by 11.5%, base – by 19.0%, while money in circulation outside banks – by 1.6%.
Deposits increased by 15.1%, including hryvnia deposits – by 17.9%, foreign currency deposits – by 9.5%, while loans decreased by 4.7%, including hryvnia deposits – by 3.7%, foreign currency deposits – by 7.6%.
As reported, the money supply in Ukraine in 2022 after growth by 12% in 2021 increased by another 21%, or by UAH 435.2 billion.
Deposits for the past year increased by 23.6%, or by UAH 350.8 billion, including hryvnia deposits – by 19.1%, or by UAH 193.9 billion, while foreign currency deposits (in hryvnia equivalent) – by 33.1%, or by UAH 156.9 billion.
The monetary base in 2022 increased by 19.6% compared to 11.2% a year earlier. At the same time, money in circulation outside banks increased by 14.6%, or by UAH 85.1 billion over the year.
The volume of loans in 2022 decreased by 3.8%, or by UAH 39.1 billion. At the same time, hryvnia loans decreased by UAH 13.4 bln, while foreign currency loans decreased by UAH 25.7 bln.
The IMF in the updated in late June materials on the EFF program forecasts growth of the monetary base this year by 25.3%, mass – by 22.0% and reduction of loans to the non-government sector by 12.5%.
The National Bank in its forecast updated at the end of July expects the monetary base to increase by 24.1% this year, the mass – by 19.2%.
TAS-Logistics, a member of the TAS financial and industrial group, has increased its net income almost 3.3 times in January-June 2023 compared to the same period of 2022 – up to UAH 849.29 mln.
According to the interim statements of the company published in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM), its net profit increased almost 20 times – up to UAH 199.22 mln.
The company in January-June received UAH 323.26 mln of operating profit – 2.3 times more than a year earlier, while gross profit increased more than 2.5 times – to UAH 434.56 mln.
The document notes that the company sees no reasons for a significant drop in income, despite the hostilities, but the situation with transportation requests in the second quarter of 2023 worsened due to two important factors: the ban on agricultural exports to Eastern Europe and the termination of the grain corridor in July.
“In the following years, we expect a general optimization of the number of railcars in the network and an increase in demand and price, and therefore an increase in profitability. In addition, a positive lever for the market increase should be the growth of the harvest compared to 2022,” the report said.
At the same time, it is planned to continue expanding its presence in the logistics market of Ukraine and development in the markets of neighboring countries.
“Over the past three years, the company has attracted more than 900 million UAH of investment in the formation of its own fleet of railcars, which allowed it to take a leading position among the owners of private rolling stock. According to the estimates of the management, the company ranks fourth in the number of grain cars among the private fleet of grain cars and its share among railcar operators, taking into account “Ukrzaliznytsia”, is 5.5%”, – is reported in the report.
It is specified that the company takes the first place among the owners of new grain carriages (up to 10 years) with the share of 14%, and among grain carriages with non-extended service life, with the share of 13% of the market.
The company notes that it builds stable partnership with agricultural holdings and traders on the terms of long-term cargo transportation deals.
This year, in particular, 55 flat cars, 21 tank cars have been purchased and a contract for purchase of 21 more tank cars has been concluded, the receipt of which is expected in the third quarter of this year.
At the same time TAS-Logistics prefers to purchase modern wagons with increased body volume and increased load capacity, which allows to reduce the cost of transportation of a ton of cargo and adds additional advantages in attracting new customers.
Among the competitive advantages among the rolling stock owner-operators, TAS-Logistics notes, in particular, one of the largest private car fleets, most of which consists of new cars (1,000 cars manufactured in 2018-2023); low debt load compared to competitors; provision of a full range of transportation and logistics services for the transportation of grain and oilseed cargoes.
“TAS-Logistics” was founded in 2008 and is part of the financial and industrial group “TAS” of businessman Sergei Tigipko.
According to information on its website, the company has a fleet of more than 2020 railcars, including 1,700 grain carriers, 160 gondola cars, 161 platforms and 32 tank cars. In 2017-2021, it purchased more than 1,700 freight cars from Dneprovagonmash JSC (part of the TAS group) and Krukiv VSZ. In 2022, the company bought 161 railroad platforms.
According to the financial report on the company’s website, in 2022 the net income of TAS-Logistic grew 4.4 times to 2021 – up to UAH 1 billion 630 million, net profit – more than tripled to UAH 386.5 million.
TAS Group was founded in 1998 by businessman Tigipko. Its business interests include financial sector (banking and insurance segments) and pharmacy sector, as well as industry, real estate and venture projects.
Insurance company “Universalna” (Kiev) in January-June 2023 collected UAH 982.4 million of gross insurance premiums, which is 2.06 times more than in the same period of 2022, according to the website of the rating agency “Standard-Rating”.
It is indicated that the agency confirmed the credit rating / financial strength (reliability) rating of IC “Universalna” at the level of “uaAAA” on the national scale based on the analysis of work for the reporting period.
According to the published data, receipts from individuals increased by 83.83% to UAH 430.9 mln, and from reinsurers – by 72.43% to UAH 838 thousand. Despite the growth of premiums from individuals, following the results of H1 2023 legal entities prevailed in the client portfolio of the company. At the same time, the largest share of premiums received (more than 35%) came from voluntary health insurance (continuous health insurance).
Insurance payments sent to reinsurers in the first half of 2023 compared to the same period of 2022 decreased by 3,86% – to UAH 32,909 mln. Thus, the ratio of reinsurers’ participation in insurance premiums has decreased by 3,86 p.p. – to 3,35%.
Net premiums of the insurer have grown in 2,15 times – up to UAH 949,471 mln, and earned premiums have shown growth by 40,43% – up to UAH 747,399 mln.
The volume of insurance payments made by IC “Universalna” for the first half of 2023 compared to the same period of 2022 has grown by 86,48% – up to UAH 288,5 mln. Taking into account the high growth rates of gross premiums over insurance payments and indemnities, the level of payments decreased by 3,22 p.p. – to 29,36%.
RA notes that following the results of the first half of 2023 the operating profit of the insurer has amounted to UAH 50,661 mln, and net profit – UAH 63,681 mln.
Assets of the company on June 30, 2023 have grown by 9,20% – up to UAH 2,032 billion, shareholders’ equity has shown growth by 11,09% – up to UAH 637,9 million, liabilities have increased by 8,35% – up to UAH 1,395 billion, cash and cash equivalents have grown by 1,34% – up to UAH 239,1 million.
As of the reporting date, the company has formed a portfolio of current financial investments, consisting of bank deposits (UAH 564,829 mln) and government bonds (UAH 227,905 mln). As of the beginning of H2 2023, cash and cash equivalents covered 17.14% of the company’s liabilities, liquid assets – 73.99%, and the indicator of coverage of liabilities by its capital in the company amounted to 45.74%.
IC “Universalna” has an international structure of shareholders, in particular, the European Bank for Reconstruction and Development owns 30% of shares and Fairfax Financial Holdings Limited – 70% of shares.
Fairfax Financial Holdings Limited (Canada) is a holding company, which through its subsidiaries is mainly engaged in accident insurance, property insurance and investment management.
The Ministry of Agrarian Policy and Food of Ukraine has updated its forecast for gross production of grain and oilseeds. This year Ukrainian agrarians can harvest about 56.4 million tons of grains, as well as 20.3 million tons of oilseeds, the ministry’s press service reported.
“At the beginning of spring 2023, the total gross harvest for the current year was projected at 63.5 million tons, which was 13% less in relation to the indicator of 2022. In June, after harvest began, the forecast was raised to 68 million tons, which was 7% less than the 2022 figure. Now, thanks to favorable weather conditions, there is every reason for another change in the forecast in a positive direction to 76.7 million tons, which is 5% more than the figure of 2022,” – noted on the website of the Ministry.
According to the report, despite the fact that the total area of sown spring and winter cereals this year was less by 980 thousand hectares than last year and amounted to 10,895 thousand hectares, weather conditions contributed to almost record yields of grain crops (up to 51.8 c/ha), which allows to significantly increase the volume of crop production.
According to preliminary estimates of the Ministry of Agrarian Policy, in 2023 agrarians will be able to harvest grain in the following volumes: wheat – 20.9 million tons, barley – 5.8 million tons and corn – 28.1 million tons.
Gross production of oilseeds, according to the Ministry’s forecasts, will reach 20.3 million tons, in particular, sunflower – 12 million tons, rapeseed – 4 million tons, soybeans – 4.2 million tons.
Agrarians will harvest 13.7 million tons of sugar beet this year.
Ukraine in January-July this year reduced imports of coke and semi-coke in physical terms by 63% compared to the same period last year – to 116.485 thousand tons.
According to statistics released by the State Customs Service (SCS), coke imports in monetary terms for this period decreased by 64.1% to $55.411m.
Ukraine did not export coke in January-March this year, as it did in December of the previous year. In April, 668 tons were delivered, in May and June there were no exports, in June exports resumed, total for 7M-2023 was exported 1.352 thousand tons, which is lower than the same period last year by 63.4%.
In monetary terms, it decreased by 66.2%, to $334 thousand. Exports were made to Moldova (100% of shipments in monetary terms), imports were mainly from Poland (93.87%), Colombia (3.70%) and Hungary (1.49%).
As reported, Ukraine in 2022 reduced exports of coke and semi-coke in physical terms by 98% year-on-year to 3.856 thousand tons, in monetary terms by 97.6% to $1.011 million. The main exports were to Hungary (42.63% of supplies in monetary terms), Georgia (37.69%) and Turkey (17.41%).
Ukraine imported 359.192 thousand tons of coke and semi-coke in 2022, which is 54.5% less compared to 2021. In monetary terms, imports decreased by 50.3% to $174.499 million. Imports were mainly from Russia (43.43% of supplies in monetary terms, before the war), Poland (30.07%) and the Czech Republic (13.15%).
As a result of the war, a number of mines and coke plants are located in territories temporarily outside of Ukraine’s control.
