The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has increased tariffs for Green Card policies for vehicles traveling abroad by 5% from 00:00 on July 19.
All insurance premiums under the compulsory motor third party liability insurance contracts established by the Cabinet of Ministers’ resolution of January 6, 2005, will remain in euros.
According to the MTIBU website, the cost of a Green Card policy for 15 days for cars will be UAH 1,214 thousand (previously UAH 1,156 thousand), for buses – up to UAH 4,542 thousand (UAH 4,325 thousand), and for trucks – up to UAH 2,598 thousand (UAH 2,474 thousand) starting July 19.
The cost of the Green Card for one month for cars is UAH 1,934 thousand (vs. UAH 1,841 thousand), for buses – UAH 6,342 thousand (UAH 6,039 thousand), for trucks – UAH 3,794 thousand (UAH 3,613 thousand).
Semi-annual and annual Green Card policies for cars will now cost about UAH 10,120 thousand and UAH 13,493 thousand (previously UAH 9,636 thousand and UAH 12,849 thousand), for trucks – UAH 17,019 thousand and UAH 32,196 thousand, for buses – UAH 22,129 thousand and UAH 41,110 thousand.
The cost of policies for traveling to Azerbaijan and Moldova is also increased by 5%. Thus, for cars for 15 days it is UAH 802 (previously UAH 764), for one month – UAH 1,180 thousand (UAH 1,124 thousand), for six months – UAH 2,706 thousand (UAH 2,577 thousand), for a year – UAH 3,853 thousand (UAH 3,669 thousand).
The last change in tariffs was on May 20, 2024, upward by 3.2%, on March 15, 2024, for cars – an increase of 11.8% in 15 days and 41.9% for the year, on December 22, 2023, upward by 5.6%, on September 29, downward by 3.4%, on April 21, 2023, upward by 3.15%, on December 30, 2022, upward by 3.1%.
Reportedly, the latest Green Card policies have been sold since 2009 in two types: all of Europe and Moldova. Also, as of January 1, 2016, Ukrainian Green Card policies started operating in Azerbaijan.
“Green Card is a system of insurance protection for victims of road accidents regardless of their country of residence and vehicle registration. It is available in 44 countries in Asia and Europe.
Rivne Azot, a part of Group DF’s nitrogen business, has launched a second production unit at its ammonia shop and increased its mineral fertilizer production capacity, the company’s press service reports.
“Scheduled repairs at Rivne Azot have been completed, and production of basic mineral fertilizers has been increased. The company’s basic ammonia and nitrate shops are 100% operational.
The producer is fully prepared for the autumn increase in demand for mineral fertilizers,” said Mykhailo Zabluda, Chairman of the Board of Rivne Azot.
According to him, as part of the systemic modernization, the plant has installed a distribution control system that reduces production risks and ensures the stability of the company’s operations in the face of power surges and shortages. The company has already implemented a number of energy-efficient solutions aimed at optimizing consumption coefficients, reducing losses of various types of energy and, accordingly, improving fertilizer costs.
According to the production plan, Rivne Azot will produce 1,260 tons of ammonia per day (over 50,000 tons per month), 1,300 tons of nitric acid per day at the nonconcentrated nitric acid shop, and over 1,630 tons of ammonium nitrate per day (over 50,000 tons per month).
Rivne Azot explained that the company managed to load the plant at 100% due to the established import of electricity from abroad and the implementation of projects to launch generating units at the plant, which cover 40% of electricity costs by generating its own. In particular, the company has built and launched special generating equipment (turbine generators) – units that generate electricity from steam utilized from chemical processes.
The design capacity of the generating equipment is about 30 MW.The electricity generated by the turbine generators is used for the company’s own needs.The construction of turbine generators at the enterprise is one of the steps aimed at stabilizing the operation of the equipment in the company’s shops.Ammonia production is the most dependent on stable electricity sources and is considered to be a basic one: the company uses ammonia to make other types of fertilizers, such as ammonium nitrate, UAN, and ammonia water.The commissioning of the generating equipment makes it possible to stabilize the
Ostchem Holding is systematically bringing its ammonium nitrate production facilities to full capacity, but the percentage of load depends on effective demand and import volumes.Cherkasy Azot and Rivne Azot plan to produce 260 thousand tons of nitrogen fertilizers by September 1 this year, and 1 million tons by the end of the autumn season to meet the needs of the Ukrainian market.
Ostchem is a nitrogen holding of Dmitry Firtash’s Group DF that unites the largest mineral fertilizer producers in Ukraine. Since 2011, it has included Rivne Azot and Cherkasy Azot, as well as Severodonetsk Azot and Stirol, which are out of operation and located in the occupied territories.
Cherkasy Azot PJSC (Cherkasy, Ukraine) is one of the largest Ukrainian chemical enterprises with a design capacity of 962.7 thousand tons per year of ammonia, 970 thousand tons per year of ammonium nitrate, 891.6 thousand tons of urea, and 1 million tons per year of UAN.
Rivne Azot is one of the largest Ukrainian chemical companies in Western Ukraine. On April 12, 2024, Group DF and South Korean Hyundai Engineering signed an agreement to build a chemical hub in Rivne. The project envisages the construction of green ammonia and hydrogen plants based on renewable energy sources; new enterprises and production sites for nitrogen fertilizers and chemical derivatives.
According to the State Tax Service, more than 3.3 thousand inspections of companies and individual entrepreneurs are planned for this year. Almost 73% of them will be for companies, and the rest will be for private entrepreneurs. In June, the number of companies “under supervision” increased by 42.
Therefore, 2,450 companies and 915 individual entrepreneurs should expect inspections this year. In June, 42 more businesses were added to the list, which will be inspected in the second half of the year.
Most inspections will be conducted in Kyiv – 26%. It will also be carried out in Dnipropetrovska and Lvivska oblasts – 8.1% and 6.9% respectively. Kherson region attracted the least interest from tax authorities – only 2 companies.
What businesses are on the updated list?
Among the new companies is SENS BANK with a revenue of UAH 12.9 billion, which took the 7th position in the Opendatabot Index among banking activities.
The tax authorities will also inspect AGROPROINVEST 08 LLC with almost UAH 2 billion and ALMA VIN LLC with UAH 1.6 billion. Instead, TRADING PRODUCT COMPANY LLC with a revenue of more than UAH 326 million closes the top ten.
Top 10 new companies to be inspected by the tax authorities
You can find out if your business or partners are scheduled for an audit for free in the Opportunity Bot. To do this, send the bot the company code. If the business is on the State Tax Service’s plan, the relevant information will appear in the company card.
https://opendatabot.ua/analytics/dps-audits-update-2024-7
On July 19, the State Property Fund (SPF) sold Okhtyrka Bread Products Plant in Sumy region for UAH 49.7 million at an auction, according to the Prozorro.Sale website. According to the report, Golovanivske Grain Receiving Enterprise LLC was the only bidder in the auction and purchased Okhtyrka CPP at the starting price.
The Okhtyrka elevator was part of the system of enterprises of the State Reserve Agency. It is engaged in flour production and employs 128 people. The company has systematically incurred losses: in 2023, they exceeded UAH 12.5 million on revenues of UAH 19 million, and in the first quarter of 2024, they amounted to UAH 4.6 million on revenues of UAH 2.9 million.
The amount of accumulated debt amounted to UAH 32.2 million. The future investor is obliged to pay off wage and budget debts within six months.
Golovanivske Grain Receiving Enterprise LLC was registered in 1998 in Kirovograd region. It specializes in warehousing, wholesale of grain, unprocessed tobacco, seeds and animal feed, dairy products, eggs, edible oils and fats. The authorized capital of the company is UAH 317.1 thousand.
The company was previously owned by Vinnytsia Industrial Company (ViOil Group). In the summer of 2023, the company was re-registered to Karina Nastenko, while the previous director, Valentyn Gorokhovsky, remained in charge.
Japan has handed over new trucks to Kherson’s utility companies, said Roman Mrochko, head of the city’s military administration. “We received the new Japanese equipment under the Grant Agreement for the Emergency Recovery Program between the Japan International Cooperation Agency (JICA) and the government of Ukraine,” Mrochko said in a telegram on Saturday.
He noted that Kherson really needs such equipment and thanked international partners for their help.
Ukraine has reached an agreement in principle with the Eurobond Holders Committee on restructuring, Prime Minister Denys Shmyhal said.
“We are restoring debt sustainability. Today, we have reached agreements in principle with the Eurobond Holders Committee of Ukraine. This is an important step in the debt restructuring process that will save USD 11.4 billion in debt service over the next few years. It will save USD 11.4 billion on its servicing over the next three years and USD 22.75 billion by 2033,” Shmyhal wrote on his Telegram channel.
According to him, this way, Ukraine will be able to free up resources for urgent needs: defense, social protection and recovery.
