Insurance company ARX in January-June 2023 collected UAH 1.7 billion of insurance premiums, which is 43% more than in the same period last year, according to the press release of the insurer.
It is also noted that the sum of gross premiums of ARX and ARX Life for 6 months of 2023 amounted to more than UAH 1,8 billion, which is 40% more than in the past. The profit of the two companies amounted to UAH 345.4 million.
ARX’s payout amounted to UAH 625 million in the first quarter, and it is 26% higher than in 2022. Every day the company pays more than UAH 4.7 mln of insurance indemnities.
Under hull insurance contracts in the reporting period was collected more than UAH 837 million, which is 43% more than last year. CASCO from ARX works abroad, allowing Ukrainians to get the necessary protection of their car outside Ukraine.
The sum of premiums on MTPL insurance is more than UAH 124 mln (+29% ), on medical insurance – UAH 332,6 mln (+16%), property insurance – more than UAH 185 mln (+46%).
ARX notes that it constantly develops new products and services. Within 6 months was launched a new product Pro_Vita – insurance for critical illnesses, which covers cancer at the initial stages (T1N0M0) and is valid in the territory of the whole world, except for Crimea and settlements where the state authorities of Ukraine temporarily do not exercise their powers.
Also an innovative service “CASCO policy without visiting the office” was introduced, which allows, when buying a CASCO policy abroad, to independently carry out photo and video fixation in the application for smartphones MyARX and send the received photos and video files to the insurance company.
IC “ARX” has been working in the insurance market for 26 years. According to its data, the company is the leader of CASCO insurance for the 12th consecutive year. It occupies the first place among insurers of Ukraine on the size of net insurance premiums and net insurance payments for 2021. It is part of the international insurance holding Fairfax Financial Holdings Limited (Canada).
The Gambling and Lotteries Regulatory Commission (GGRC), at its first meeting after a six-month break on August 8, made 10 decisions to issue various licenses to operate in the market, a significant number of them to companies of the Favbet brand and a new market participant, GGBET, which will operate in Ukraine under the international brand GG.BET.
“There is a new participant in the gambling market, which, subject to payment of fees for the first year of validity of the relevant licenses in the manner and timeframe defined by law, will be issued two licenses at once to carry out activities to organize and conduct gambling – casino on the Internet and betting activities,” – the regulator indicated on its website.
In turn, created in February this year LLC “GGBET” reported that acquired the rights to use in Ukraine cybersport betting brand GG.BET, represented in the UK, Europe, South America and Asia. It is stated that GG.BET – has Ukrainian roots, is known for its partnerships with some of the world’s biggest CS:GO and Dota 2 tournaments, and is a sponsor of NAVI and Team Vitality clubs.
“Ukraine has great potential for the development of the betting market, so for the GG.BET brand, obtaining licenses is an expected and balanced decision. Ukrainian cybersport is characterized by a developed fan base and its own history of tournaments and high-profile victories”, – commented in the press service of the company. It is also said that the line of offers will include betting on classic sports.
According to Opendatabot, the authorized capital of LLC “GGBET” is 30.47 million UAH, its founder is LLC “GGBET Holding”, in turn owned by Cyprus Terasida Ltd. created in late November last year. The beneficiary of the company since mid-July became Petro Kozyrev instead of Konstantinu Argiro.
KRAIL also reported that it issued a license for a betting shop in the Mercure Kyiv Congress hotel, which became a precedent, introduced a new type of service in the gambling market and “will serve as an example for other market participants and potential investors”.
In addition, “Favbet Game Slots” received three licenses for gambling machines in the hotels “IBIS Kiev railway station”, “Tisa” and Siesta in Petropavlivska and Sofievska Borschagivka respectively.
Similar licenses were also obtained by Volna 4444 LLC (Bratislava) and Aifar Group LLC (Dnipro). At the same time, Aifar Group was simultaneously deprived of its license for certain gambling machines due to non-payment of funds, and one of its applications was left unsuccessful.
Finally, Favbet TEC LLC and Sharkscod LLC were granted licenses for gambling services.
The regulator reminded that the licenses are issued after receiving a document confirming the payment of the fee for the first year of their validity, and said that at the next meeting will also consider the first application for an investment license.
“The above demonstrates the investment attractiveness of Ukraine even under the current martial law conditions,” CRAIL pointed out.
Major Ukrainian cable plant Odeskabel ended January-June this year with a net profit of UAH 5.05 million, while in the first half of 2022 the loss amounted to UAH 2.52 million.
According to the interim statements of the company released on Friday in the information disclosure system of the National Securities Commission, its net income increased by 31.2% to UAH 903.44 million
The company earned an operating profit of UAH 48.62 million (11% more than a year earlier), while gross profit rose 42.5% to UAH 164.9 million.
According to “Odeskabel”, in the first half of the year the largest share (41%) in total sales amounted to wires and power cables, compared to January-June 2022 their share increased by 8.4 p.p..
At the same time, the share of cables for structured cabling systems (LAN-cable) decreased by 8 p.p. to 22.85%, fiber optic cables increased by 8 p.p. to 22.85%. – To 22.85%, fiber-optic cables – by 2.9 p.p., to 16.6%.
As reported, in the first quarter of this year Odeskabel received UAH 0.8 mln of net profit compared to a loss of UAH 21.64 mln for the same period of 2022, with net income growing by 32.6% to UAH 433.28 mln.
Thus, in the second quarter, the plant increased net income by 30% by April-June 2022, to UAH 470.16 mln, while net profit decreased 4.5 times to UAH 4.27 mln.
The main risks for the company, according to the statements, remain uncertainty of the timing of the end of the military aggression of the Russian Federation against Ukraine; dependence on the fact that prices for 90% of materials are formed on the world market, and the sales market is mainly Ukraine and neighboring countries; complication of supplies of materials; reduction of purchases of products for capital construction by telecom operators.
In turn, according to information on the website of “Ukrzaliznytsia”, during the meeting held on July 19 with manufacturers of cable products, representatives of UZ urged Ukrainian plants to participate in tenders directly, which will “minimize the risks of participation of unscrupulous intermediaries and get the best products at a favorable price”.
“Odeskabel” produces a wide range of copper and fiber optic cables, digital or LAN cables, power cables, cords and wires.
As reported, the company’s net income in 2022 decreased by 24.7% by 2021 to UAH 1 billion 561 million, the loss amounted to UAH 27.24 million against net profit of UAH 55.4 million.
On August 12, at 16:00, the legends of Ukrainian rock, the Vopli Vidoplyasova band, which stood at the origins of modern Ukrainian music and today continues to create the history of quality rock music, and the unassailable musical group Vasya Club will meet in the Yasnohorodka Family Ecopark.
Together they will present fierce energy, incendiary rhythms and powerful drive at the charity event “ROCK on the Glider”.
The event is organized by the RI GROUP group of companies, the information partner is the Angel’s Booking event agency.
During the event, a charity auction will be held, the proceeds from which will go to support the Goryachenko family-type orphanage. The family became the first family in Ukraine to adopt 14 children, and by Presidential Decree in 2012, mother Natalia was awarded the Order of Princess Olga III Degree, and in 2021 was awarded the title “Mother Heroine” (Decree of the President of Ukraine of 07.05.2021). Since the beginning of the war, the family has been volunteering. The father of the family was involved in evacuating people from hot spots, repairing equipment, and providing the military with much-needed medicines, clothing, and equipment.
The event will be hosted by actor and host Ilya Prokopov
The joint concert will strengthen friendship and mutual support!
Tickets are available here: https://yasnogordka.ticketsbox.com/ua/event/vopli-vidoplyasova.html
Kyiv region, Makariv district, Yasnogorodka village, 32 Pidlisna str.
Ukraine in January-July this year increased exports of ferroalloys in physical terms by 23.2% compared to the same period last year – up to 299.458 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, ferroalloys exports decreased by 40.5% to $260.870 mln.
The main exports were to Poland (57.24% of shipments in monetary terms), Turkey (11.36%) and the Netherlands (6.76%).
In addition, during this period Ukraine imported 4.379 thousand tons of these products, which is 72.9% less compared to January-July-2022. In monetary terms, imports decreased by 69% – to $18.561 mln.
Imports were mainly from Armenia (18.37%), India (17.86%) and China (15.15%).
As reported, Ukraine in 2022 reduced exports of ferroalloys in physical terms by 47.7% compared to the previous year – to 349.560 thousand tons, in monetary terms by 46% – to $ 564.136 million. At the same time, the main supplies were made to Poland (53.25% of exports in monetary terms), the Netherlands (13.13%) and Romania (5.66%).
In addition, last year Ukraine imported 20.546 thousand tons of these products, which is 65.5% less compared to 2021. In monetary terms, imports decreased by 59.1% to $72.705 million. Imports were mainly from Norway (22.67%), China (15.60%) and Kazakhstan (14.10%).
The business of Stakhanov and Zaporizhzhya Ferroalloy Plants (NWF and ZZF) was organized by PrivatBank (Kiev) before the nationalization of the financial institution. Nikopol Ferroalloy Plant is controlled by EastOne Group, established in the fall of 2007 as a result of restructuring of Interpipe Group, as well as by Privat Group.
Generation distribution in power system of Ukraine in 2022
Source: Open4Business.com.ua and experts.news
