Business news from Ukraine

Business news from Ukraine

Quorum Insurance Company increased insurance premiums by 40% in 2024

In 2024, Quorum Insurance Company (Kyiv) collected insurance premiums in the amount of UAH 69.451 million, which is 40.34% more than in 2023, the rating agency (RA) Standard-Rating reported in information on updating the company’s credit rating/financial strength rating on the national scale at uaAA.

It is specified that the rating was updated based on the analysis of the company’s performance for the specified reporting period.
The insurance company’s revenues from individuals increased by 37.91% to UAH 41.916 million for the year. There were no revenues from reinsurers. The share of individuals in gross premiums amounted to 60.35%.

Insurance payments sent to reinsurers in 2024 amounted to UAH 20.443 million, which is 27.24% higher than in 2023. The ratio of reinsurers’ participation in insurance premiums decreased by 3.03 p.p. to 29.44%.
The RA notes that the insurer’s net written premiums for the year increased by 46.64% to UAH 49.008 million, net earned premiums – by 47.32% to UAH 49.052 million.

The volume of insurance claims paid by Quorum Insurance Company in 2024 increased by 35.33% compared to 2023, to UAH 8.753 million. The level of payments fell by 0.47 percentage points to 12.60%.
As noted, the company’s activities during the period were profitable. In particular, profit from operating activities amounted to UAH 8.578 million, net profit – UAH 8.288 million.

As of January 1, 2025, the insurer’s assets increased by 9.26% to UAH 69.895 million, equity – by 9.62% to UAH 61.420 million, liabilities – by 6.78% to UAH 8.475 million, cash and cash equivalents – by 12.26% to UAH 49.854 million.
Quorum Insurance Company was established in March 2014 and specializes in risk insurance.

Number of prisoners in prisons – ranking by country

The map below shows the number of prisoners per 100,000 inhabitants in different countries of the world in 2023. The data allows us to identify several main groups of countries by the level of “imprisonment”.

Leaders in the number of prisoners

The absolute leader in terms of the number of prisoners is the United States, where there are 664 prisoners per 100,000 inhabitants.

High incarceration rate

This category includes countries with more than 200 prisoners per 100,000 people. Among them:

– Thailand (445)

– Brazil (357)

– Turkey (335)

– Russia (329)

– Iran (228)

Medium (100-200 prisoners per 100,000 people)

Most countries in Europe and Asia fall into this category. For example:

– Poland (188)

– Serbia (152)

– Ukraine (129)

– Spain (122)

Low incarceration rate (less than 100 people per 100,000 inhabitants)

This group includes countries with relatively lenient criminal justice systems or low crime rates:

– Norway (54)

– Germany (69)

– Austria (95)

– Japan (38)

Source: https://t.me/relocationrs/607

 

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Viktor Orban published 12 points of expectations of Hungarian people from Brussels

On his Facebook page, Hungarian Prime Minister Viktor Orban wrote 12 points of expectations of the Hungarian people from Brussels, including “the union, but without Ukraine.” Here are the points listed in the post:
– we want a Europe of nations;
– We want equality before the law for all member states;
– return to the member states the illegally taken away powers;
– national sovereignty, strong veto power for national governments;
– exclude Soros agents from the European Commission and corrupt lobbyists from the European Parliament;
– the future of our grandchildren should not be mortgaged;
– not to prevent our National Guard from defending our borders. Do not accept migrants, take away illegal immigrants from us;
– “corrupt” dollars and euros should not enter EU member states;
– prohibit the “unnatural” re-education of our children;
– we want to protect the Christian heritage of Europe;
– demand peace in Europe;
– Union, but without Ukraine.

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Ukraine sharply increased pork imports in February

In February 2025, Ukraine imported 963 tons of pork, which is three times more than in January of this year, according to the Ukrainian Pig Association (UPA).

“The revival of import activity took place against the backdrop of an unconventional increase in purchase prices for the season. Instead, the average price of a kilogram of imported meat raw materials was lower than the minimum price level of last year, which was recorded in January – $1.89 per 1 kg and $1.92 per 1 kg at the end of winter,” analysts said.

According to their information, the products imported to Ukraine do not compete with Ukrainian pork, so imports still do not affect prices.

“Since the domestic supply of pork this year is less than the previous year, during the period of increased demand for meat in spring and summer, imports may increase, and the range of such products will be more diverse. For example, if prices in European markets, where we import the lion’s share of pork, decline while prices in Ukraine remain high, it will be economically justified to import cheaper raw materials. In this case, the pressure on the domestic market and its pricing from imports will increase, but we are not seeing this yet,” the industry association said.

Although February imports are the largest in the last 14 months, according to representatives of the meat industry, its presence on the market is still almost imperceptible, experts say.

In January and February 2025, pork exports remained at least 292 tons per month, so the total for the first two months amounted to 587.4 tons, or $1.6 million in monetary terms.

At the same time, the geography of foreign trade in Ukrainian pork remains limited. The main buyer countries for Ukrainian pork are Hong Kong, where 30% of external shipments were sent, the UAE – 22%, Malaysia and Georgia – 13% and 10%, respectively. The remaining Ukrainian pork was exported in small volumes to Bahrain, Liberia, and South Korea.

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Trump promised that on March 17 there would be news about ceasefire talks with Ukraine and Russia

President of the United States Donald Trump has promised that on Monday, March 17, there will be news about the ceasefire talks with Ukraine and Russia. He said this in an interview with journalist Sheryl Attkisson, answering a question about his communication with Putin.

“We are dealing with him, and I think it’s a reasonable thing to do. The situation is very complicated, you know, it’s a bloody, terrible war. I think everything is going well. You know, we have a ceasefire agreement with the Ukrainians. And we are trying to get it with Russia. And I think that so far it’s gone well. We’ll know a little bit more on Monday. And I hope it goes well,” Trump said.

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Ukraine will get very cold, in Kiev on Monday night up to 3 ° frost on Monday

On Sunday, March 16, at night in Ukraine (except southern and south-eastern regions) rain, in the north and west of the country with wet snow; in the afternoon in the south-western, central and most eastern regions rain (in the Carpathians wet snow), in the rest of the territory without significant precipitation, reported Ukrhydrometcenter.

At night in the western and northern regions in places sticking of wet snow, ice, on the roads icy. The wind is northeastern, northern, 5-10 m/s.

Temperature at night in western, northern, Vinnitsa and Cherkassy regions from 3° warm to 2° frost (in Volyn and Rivne regions up to 5° frost), during the day 3-8° warm; in the rest of the territory at night 4-9° warm, in the extreme south up to 12°, during the day 8-13° warm, in the south and south-east of the country 15-20°.

In Kiev on Sunday night wet snow, in the afternoon without significant precipitation. The wind is northeast, north, 5-10 m/s. The temperature at night 0-2° frost, during the day 5-7° warm.

According to the Central Geophysical Observatory named after Boris Sreznevsky. Borys Sreznevsky in Kiev on March 16, the highest daytime temperature was 13.7 in 1937, the lowest nighttime temperature was -18.0 in 1942.

On Monday, March 17, in Ukraine, light wet snow and rain (moderate rain in the east of the country); at night in most western, northern and central regions without significant precipitation.

Wind is predominantly north-westerly, 7-12 m/s, with gusts of 15-20 m/s in the afternoon in western regions.

The temperature in the western, northern, Vinnitsa, Cherkassy and Poltava regions at night 1-6° of frost, in the afternoon 0-5° of heat; in the rest of the territory at night 2-7° of heat, in the afternoon 6-11° of heat.

In Kiev on Monday night without significant precipitation, in the afternoon a little wet snow. The wind is predominantly northwesterly, 7-12 m/s. The temperature at night 1-3° of frost, during the day 2-4° of heat.