In January-April 2024, TAS Insurance Group (Kyiv) paid UAH 628.6 million in insurance claims under the concluded insurance contracts, which is 57.2% more than the total amount of the company’s payments for the corresponding period last year, according to the insurer’s website.
In addition, it is noted that 27.58% or UAH 173.34 million of payments were made on hull insurance, which is 40.4% more than in the same period last year, for MTPL – by 35.07%, or UAH 220.46 million (+44.4%), Green Card – by 19.34%, or UAH 121.56 million (+75.7%).
VHI payments increased even more – in fact, by 2.3 times – to UAH 93.42 million, which is 14.86% of the total amount of payments made by the insurer in the reporting period.
TAS IG paid UAH 3.43 million under property insurance contracts and UAH 16.39 million under other insurance contracts.
TAS IG was registered in 1998. It is a universal company offering more than 80 types of insurance products in various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.
“In January-March this year, Metinvest reduced steel production by 4% year-on-year and by 5% quarter-on-quarter to 469 thousand tons, according to a press release from the parent company Metinvest B.V.
According to the release, pig iron production decreased by 10% compared to Q1-2023 and by 5% compared to Q4-2023, to 448 thousand tons, and coke production by 11% and 3%, respectively, to 283 thousand tons. In particular, in 1Q2024, Kametstal produced 403 thousand tons of pig iron and 469 thousand tons of crude steel, which is lower than in 2023 and is mainly due to the shutdown of blast furnace No. 9 for scheduled overhaul in March 2024.
In 1Q2024, the output of semi-finished products amounted to 166 thousand tons, down 5% compared to 1Q2023 and 41% quarter-on-quarter, mainly due to the shutdown of BF-9 at Kametstal for repairs, as well as an increase in domestic consumption at downstream stages.
In the first quarter of 2024, finished product output increased by 4% quarter-on-quarter and by 8% year-on-year to 584 thousand tons. At the same time, flat products output increased by 12% compared to Q1-2014, but decreased by 1% compared to Q4-2013, to 282 thousand tonnes, due to an increase in the order book at rolling mills in Italy and the UK, while long products output decreased by 3% compared to Q1-2013, and increased by 17% compared to Q4-2014, to 302 thousand tonnes.
In particular, hot-rolled plate output increased by 8% year-on-year to 253 kt due to a shift in the order book in favor of these products at Ferriera Valider in Italy; galvanized cold-rolled coil output doubled year-on-year to 29 kt. tonnes due to the resumption of galvanized cold-rolled steel production in Italy; production of galvanized cold-rolled coils doubled year-on-year to 29 thousand tonnes. kt due to the resumption of production at Unisteel in Ukraine amid more stable electricity supplies in the first quarter of 2024 than in the first quarter of 2023; long products output increased by 17% as billet production at Kametstal stabilized and supplies to Promet Steel in Bulgaria returned to normal.
It should be noted that on February 24, 2022, Russia launched a full-scale military invasion of Ukraine. The Group’s plants in Ukraine, except for Mariupol and Avdiivka, continue to operate at different levels of capacity utilization, taking into account safety, personnel, electricity, logistics and economic factors.
In the first quarter of 2024, coke production decreased by 11% year-on-year and by 3% quarter-on-quarter to 283 thousand tons after some cells of coke oven battery No. 1 at KAMETSTAL were shut down.
It is also reported that Metinvest increased its total production of iron ore concentrate by 2.1 times year-on-year to 4.859 million tons in January-March 2024, pellets by 31% to 1.585 million tons, and total coking coal concentrate production decreased by 26% to 1.086 million tons.
“As a result, in the first quarter of 2024, iron ore production increased by 36% quarter-on-quarter to 4.859 million tons; production of commercial iron ore products increased by 41% quarter-on-quarter to 4.403 million tons; production of saleable iron ore concentrate increased by 53% quarter-on-quarter to 2.818 million tons; production of saleable pellets increased by 23% quarter-on-quarter to 1.585 million tons, partly due to increased orders for pellets,” the press release states.
The unblocking of Ukrainian ports on the Black Sea and an increase in the order book for pellets had the following effects in 1Q2024 compared to 1Q2023: gross iron ore concentrate output increased by 2.2 times, commercial iron ore products by 2.3 times, commercial iron ore concentrate by 4 times, and commercial pellets by 31%, the report says.
The press release explains that the Group’s decrease in coal concentrate output by 4% quarter-on-quarter and 26% year-on-year was due to a 6% drop in production at Metinvest Pokrovskugol in Q4 2021 and a 9% drop in production in Q1 2021, to 640 thousand tons, and a deterioration in the quality of coking coal and a decline in production. At the same time, the production of coal concentrate at United Coal (USA) remained almost at the same level as in the previous quarter – 446 thousand tons, but decreased by 41% due to the downtime of the Carter Roag mine and a decrease in production at some Wellmore mines.
As reported, in 2023, Metinvest increased its total production of iron ore concentrate by 4% compared to 2022 to 11.092 million tons, pellets by 66% to 5.283 million tons, and total coking coal concentrate production increased by 10% to 5.455 million tons.
In 2023, the Group decreased steel production by 31% compared to 2022 to 2.025 million tons, pig iron by 36% to 1.765 million tons, and coke by 25% to 1.241 million tons.
“Metinvest comprises mining and metallurgical enterprises located in Ukraine, Europe and the United States. Metinvest’s major shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage the company. Metinvest Holding LLC is the management company of Metinvest Group.
“Metinvest Group comprises mining and metallurgical enterprises located in Ukraine, Europe and the USA.
The major shareholders of Metinvest are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage the company.
Metinvest Holding LLC is the management company of Metinvest Group.
The event featured the awarding of the first independent construction award “Creator of the Year” to the best builders and architects of Ukraine
On May 15 and 16, the Ukrainian Construction Congress was held in Kyiv for the second time, with the key topic of the event being the restoration of Ukraine in line with the requirements of barrier-free and inclusive development.
According to the Minister of Social Policy Oksana Zholnovych, there are 3 million people with disabilities in Ukraine, and this number is constantly increasing, including due to the hostilities. Therefore, the requirements of barrier-free and inclusive accessibility in rebuilding the country are extremely important.
“Today, barrier-free design and construction is about showing respect for people, social responsibility, and the professionalism of your teams,” said Tetiana Lomakina, Advisor to the Presidential Commissioner for Barrier-Free Access, addressing the congress participants at the opening of the congress. When we get older, we will need an elevator. Or when we can’t get to the entrance of our own house with a baby carriage. Or when we can’t find a route to a safe shelter during an air raid. Especially in the context of active hostilities, barriers that were previously out of focus have become visible. Especially for all those who have been injured. That is why we all have to work together to create accessible and inclusive spaces – even during blackouts or rocket attacks. I thank everyone who joined the event and discussions today. I am confident that by working together we can truly rebuild Ukraine without barriers.”
Other topics included “Strategies and Challenges of Ukraine’s Recovery,” “Government Programs and Tools to Address the Housing Issue,” “Veteran Enterprise as a Guarantee of Public Safety,” “Industrial Reconstruction as an Important Driver of the Ukrainian Economy,” “New Approaches to Construction in Times of War,” “Prospects for Resumption of Housing Construction,” and others. A separate important part of the congress was the panel “The work of international and Ukrainian funds, main directions, key projects and initiatives.”
Rostyslav Karandieiev, acting Minister of Culture and Information Policy of Ukraine, also took part in the congress:
“Today, Ukraine needs universal solutions in reconstruction that will create an effective mechanism for the most cost-effective and fastest restoration of cultural sites in communities. We see it as possible to use standard architectural forms in small towns and settlements during the reconstruction, following the example of the same houses of culture, but taking into account the needs of communities and aesthetic appeal. Such solutions are already being actively developed: negotiations with donors are underway, and we plan to start discussing such projects with communities in the near future. We urge businesses to preserve the cultural value of the building and not just look for economic benefits. In particular, this will be reflected in the legislation.”
As part of the concept of rebuilding Ukraine, conceptual plans for Steel Dream Bakhmut and Steel Dream Mariupol were presented.
“Reconstruction is something that is already underway. Communities affected by the occupation are being restored, fortifications and shelters are being built. And all of this requires steel,” says Tatyana Skrypka, Head of the Construction Sector Project Office at METINVEST-SMC. “We have restored pre-war stocks of products in warehouses and are actively involved in construction, because if there is a goal, there is metal. We are currently implementing many steel construction projects, such as schools on a steel module and underground shelters for the military on a steel platform. We are also continuing our work on developing plans for destroyed cities. After the Mariupol quarter, we developed Steel Dream Bakhmut for the destroyed Yubileiny quarter for 17,000 people, and are now holding public discussions with citizens across Ukraine. We are currently engaged in a dialogue with international foundations and organizations about their involvement in the project. And in the fall, we will present a reconstruction plan to international partners in Warsaw.”
Vitaliy Melnyk, Vice President of the UDP development company, moderated the panel “Barrier-Free and Inclusive: Challenges of Today.”
“From the point of view of modern Ukraine, it is important to draw several conclusions about inclusiveness and barrier-free access. Prioritization of the issue: inclusiveness and barrier-free accessibility should become a priority for the government and society as a whole. Public initiatives and organizations aimed at increasing inclusiveness and barrier-free society should be supported.
The need for systemic changes: systemic changes in legislation, infrastructure and education are necessary to ensure inclusiveness and accessibility for all groups of the population.
Creating accessible infrastructure: Communities and businesses should invest resources in creating barrier-free workplaces and environments that will help ensure accessibility for all.
Global context: Ukraine can and should learn from other countries that have successfully implemented inclusive policies and programs.”
This year, the Ukrainian Construction Congress has significantly scaled up, consolidated the Ukrainian government, business, public organizations and structures, and became a platform for a number of events of international and Ukrainian organizations.
As part of the congress, the Association of Small Cities of Ukraine organized a two-day marathon called the Supermarket of Solutions for Communities, a digital communication platform for community support. It became a kind of portal that connected congress guests with community representatives from across the country. Community representatives presented their ideas at the Community Investment Projects Fair and the Donor Fair.
The Association of Entrepreneurs of ATO Veterans raised important issues of socialization of veterans through entrepreneurship, effective veteran policies, the benefits of partnership with veteran businesses, etc. During the event, a Memorandum was signed with the Future of Ukraine 2050 Foundation, which envisages joint activities aimed at supporting veteran entrepreneurship through the formation of a joint consolidated database of business projects that require investment for business development; joining efforts to improve and amend regulations to take into account the specifics of veteran business and veteran rehabilitation; highlighting the problems and needs of rehabilitation of wounded soldiers and families of fallen soldiers.
The congress also included a panel discussion: “Simplifying the procedure for changing the designated purpose of land for economic recovery”, moderated by Liudmyla Shemelynets, Deputy Minister of Agrarian Policy and Food of Ukraine.
Borys Goldenstein, Founder and CEO of ZEZMAN HOLDING, took part in several panel discussions:
“The strategic task facing all developers is to prepare for Ukraine’s recovery. One of the aspects I consider crucial is ensuring inclusiveness.
In addition to a barrier-free environment, the social component is very important – physical limitations should not hinder the need for communication and participation in public life. Therefore, we create conditions for the integration of new residents into the life of the towns and the formation of neighborhood communities. I believe that ensuring inclusiveness is the responsibility of the entire society. And developers play a leading role in this matter. I urge all developers to create a comfortable and barrier-free environment for Ukrainians. Glory to Ukraine!”
The congress was also attended by representatives of local governments, politicians and government officials, large and small businesses, developers, builders, investment funds, etc. Among them were Pavlo Kozyrev, Chairman of the Association of Small Cities of Ukraine, Vitaliy Koval, Chairman of the State Property Fund of Ukraine, Kateryna Pryimak, head of the Veteranka movement, a volunteer paramedic, Maksym Kushnir, Deputy Minister of Veterans Affairs, Serhiy Poznyak, Chairman of the Association of Veteran Entrepreneurs, Oleksandr Maksymenko Head of the Investment Protection and Specialization of Prosecutors Division of the Department of Criminal Policy and Investment Protection, Office of the Prosecutor General, Volodymyr Popereshniuk, co-owner of NOVA Group, Garik Korogodsky, writer, founder of the Zhyttelyub Charitable Foundation, owner of the Dream shopping mall, Ihor Liski, co-founder of the Ukrainian Institute for the Future, Mark Kestelboim, CEO of Well-Being contech, Budova, Andriy Dligach, Ph. D., Chairman of Advanter Group, Vlad Goldakovsky, founder of Goldakovsky Group Architects, Yaroslav Horbushko, Director of Capital Markets at CBRE Ukraine, Dmytro Kovalchuk, founder of Alterra Group, Oresta Brit, Chairman of BON Charitable Organizations (Ukraine, Lithuania, USA), military volunteer.
For the first time, the Congress hosted the announcement of the winners and the awarding ceremony of the independent construction award “CREATOR OF THE YEAR – 2024”.
The awards were given to companies, industry professionals and projects in 11 nominations in the categories of Construction, Architecture, and Business in the Construction Industry.
The winners were selected by an honorary jury and a qualification commission consisting of leading Ukrainian architects, chief architects of cities, restorers, and accessibility experts. The jury was chaired by Yulian Chaplynsky, chief architect of Lviv in 2015-2018.
The winners of the Creator of the Year 2024 award are:
Residential Complex of the Year – Club Township 12 (HydeArt, Atelier Architecture Plus);
Project for Future Generations – Memorial “Cross of Heroes” (Kabluka Light & Digital Sculptures, Saga Development), Reconstruction of the Tustan Fortress (RE^ARCH Studio), Center for the Accommodation of Children with Cancer Dacha (AIMM);
Residential architecture – MYTRAKA (MYTRYCHKO SYMA);
Private sector architecture – Kvitka Tsisyk (KUDIN architects);
Architecture of commercial facilities – UniClinic (AIMM);
Architecture of educational facilities – Restoration of Lyceum №2 in Gostomel (Archimatika);
Urban planning project – Concept of spatial development of the territory “Manuylivskyi residential area” in Dnipro (FILIMONOV & KASHIRINA architects);
Landscape architecture – “Fine Town” residential complex (Archimatika);
Restoration of the cultural and historical heritage of Ukraine – Jam Factory (AVR Development);
Renovation. Reconstruction. Revitalization – MOVA Brewery. Beer space (ArchObraz);
Team of the Year – Best Lighting Company LUMINAL, Best Landscaping Company – Beloded Landscaping;
Special nomination “Contribution to the Future of Ukraine” – METINVEST represented by Tatiana Skrypka;
Special nomination “Phygital Integration Leader” – ZEZMAN HOLDING represented by Boris Goldenstein;
The Grand Prix goes to the work “Architecture of Housing” (unrealized) (AEDIA).
Link to the photo report: https://fex.net/ru/s/drbcfcz
Interfax-Ukraine is a media partner of the forum.
Bank Clearing House has bought back 5.2727% of shares from Ivan Fursin, as a result of which its share has decreased from 6.8773% to 1.6046%, according to the information in the disclosure system of the National Securities and Stock Market Commission (NSSMC).
It is specified that the shares were bought back on May 17 this year.
As reported, Clearing House Bank planned to buy back 2,540 ordinary registered shares, or 5.2727% of the authorized capital.
According to the National Bank of Ukraine (NBU), as of January 1, 2024, its shareholders were: Yulia Lyovochkina – 63.4068%, Ivan Fursin – 16.7791% (6.8773% direct participation and 9.9018% indirectly through Vistaki Ventures Limited), Ihor Voronin – 9.7855%, Fabian Bonneleim – 6.4642%, Ng Ching Yu – 2.5408%, Yuriy Boyko – 1.0172% and Oleksandr Danchenko – 0.0005%.
As of April 1, 2024, in terms of total assets, Clearing House Bank ranked 34th (UAH 5.48 billion) among 63 banks operating in the country. Last year, the bank increased its net profit to UAH 143.56 million from UAH 83.58 million in 2022, and its assets increased to UAH 5.5 billion from UAH 5.2 billion, according to the annual report.
Olga Harlan won the fourth medal of the World Cup sabre fencing season, taking second place at the Plovdiv stage, Suspilne Sport reported on Saturday.
Since the beginning of the season, the Ukrainian has already won three medals in the series. In particular, Harlan opened the year 2024 with a gold medal at the World Cup in Lima, Peru.
The Ukrainian started in the 1/32 finals with a 15:8 victory over the “neutral” Anna Smirnova. Last year, Harlan was disqualified from the singles competition of the World Championships because she refused to shake hands with Smirnova.
In the next round, Harlan defeated Italian Eloise Passaro (15:8) and qualified for the 1/8 finals.
Olga defeated another Italian, 30th in the world ranking Rossella Gregorio, with a 10-point advantage – 15:5. And Elizabeth Tartakovsky from the United States got into the top 4 after defeating the 17th world saber fencer, 15:8.
Harlan’s most difficult fight on the way to the final was with Misaki Emura of Japan. With the Ukrainian leading 14:10, her opponent came as close as possible to equalizing the score, but lost 13:15.
Harlan had to compete for gold with the world ranking leader, Sarah Balzer from France, who has already won three World Cups this season. The final fight ended in defeat for the Ukrainian – 8:15 and a silver medal for Harlan.
Harlan was the only Ukrainian team to qualify for the last 16.
PrJSC United Mining and Chemical Company (UMCC), which manages Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipropetrovska oblast) and Irshansk Mining and Processing Plant (IGOK, Zhytomyrska oblast), spent over UAH 37 million on equipment repairs and maintenance in January-March this year.
According to the company’s press release, active repairs and restoration of mining equipment at UMCC are underway.
It is specified that in the first quarter of 2024, one of the key areas was the repair and purchase of necessary spare parts to ensure that the equipment operated smoothly.
Thus, VGMK’s branch purchased spare parts for critical process chains, purchased 5 running parts for bulldozers, restored 5 BelAZ mining dump trucks, and put all 5 operating BELL dump trucks on line.
At the branch of IGOK, the funds were used to maintain machinery and equipment in good working order to quickly get involved in work processes if necessary.
“These measures preceded the operational launch of the enrichment production in April 2024. Thus, step by step, we continue to establish the stable operation of the company,” UMCC said in a statement.
As reported, UMCC received UAH 30 million in net profit in Q1, while in the same period last year it made a loss.
The United Mining and Chemical Company has been operating since August 2014, when the Ukrainian government decided to transfer the property complexes of Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipropetrovska oblast) and Irshansk Mining and Processing Plant (IGOK, Zhytomyrska oblast) to its management. On December 8, 2016, the state-owned enterprise was transformed into PJSC UMCC, and on December 26, 2018, it was transformed from PJSC to PrJSC.
UMCC used to sell its products to more than 30 countries. The main sales markets were the EU, China, Turkey, as well as the USA and African countries.
