Universalna Insurance Company (Kyiv) has paid out UAH 10.585 million for a burnt-out combine harvester, its website reports.
It is noted that the insured event occurred in Zhytomyr region, where a fire broke out at the bottom of the combine during field work as a result of a malfunction in the electrical system. Due to strong winds, the fire quickly spread to the right side of the machine. The cab, all electrical equipment, engine and auxiliary elements, variators of drive units, threshing systems, chassis, and frame elements were damaged.
Universalna Insurance Company has an international shareholder base, with the European Bank for Reconstruction and Development holding a 30% stake and Fairfax Financial Holdings Limited holding a 70% stake.
Fairfax Financial Holdings Limited (Canada) is a holding company that, through its subsidiaries, is primarily engaged in accident insurance, property insurance and investment management.
In January-March of this year, Zaporizhstal Iron and Steel Works increased its rolled steel output by 88.9% year-on-year to 615.3 thousand tons from 325.7 thousand tons.
According to the company, steel production during this period increased by 85.7% to 731 thousand tons, and pig iron production by 61.8% to 785.4 thousand tons.
In March, Zaporizhstal produced 273.1 thousand tons of iron, 260 thousand tons of steel, and 219.4 thousand tons of rolled products.
As reported earlier, in 2023, Zaporizhstal increased its rolled steel output by 57.2% compared to 2022, to 2 million 54.7 thousand tons, steel by 65.4%, to 2 million 466.9 thousand tons, and pig iron by 35.3%, to 2 million 718.9 thousand tons.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries of the world.
“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding Group (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.
The shareholders of PJSC “Ukrainian Agrarian Insurance Company” (UASC, Kyiv) have increased the authorized capital by 16.3% to UAH 32 million through an additional issue of shares worth UAH 4.473 million.
This was reported by the company in the information disclosure system of the National Securities and Stock Market Commission of Ukraine (NSSMC).
The issue was held from December 20, 2023 to January 12, 2024. During the issue, 11,374 thousand shares were placed.
As reported, the funds raised from the placement of shares will be invested in eligible assets in accordance with the requirements of the regulation on mandatory criteria and standards of capital adequacy and solvency, liquidity, profitability, asset quality and riskiness of the insurer’s operations, namely: bank deposits – 90%, government bonds of Ukraine and/or other securities – 10%.
IC “Ukrainian Agrarian Insurance Company” (formerly IC “Salamandra-Dnipro”) has been operating in the country’s market since 1995.
According to its data, 84.75% of the authorized capital is owned by Dobrobut Agrofirm, 5.5% by Astarta-Kyiv Firm LLC, and 9.75% by Poltavazernoproduct IPC LLC.
Zaporozhkoks, one of Ukraine’s largest coke and chemical producers and part of Metinvest Group, increased its blast furnace coke output by 1% year-on-year to 214.8 thousand tons from 211.3 thousand tons in January-March this year.
According to the company, it produced 74 thousand tons of coke in March.
As reported, Zaporozhkoks increased its blast furnace coke output by 16% in 2023 compared to 2022, up to 856.8 thousand tons from 737.4 thousand tons.
“Zaporozhkoks produces about 10% of coke in Ukraine and has a full technological cycle of coke products processing. It also produces coke oven gas and pitch coke.
“Metinvest is a vertically integrated mining group of companies. Its 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.
Import of goods in 2023 in most important positions to previous 2022
Source: Open4Business.com.ua and experts.news
Oil prices are steadily rising on Wednesday afternoon ahead of the release of US inventory data.
The cost of June futures for Brent on the London ICE Futures exchange as of 14:40, is $89.68 per barrel, which is $0.76 (0.85%) higher than at the close of the previous trading.
Futures for WTI for May in electronic trading on the New York Mercantile Exchange (NYMEX) have risen in price by this time by $0.73 (0.86%) to $85.88 per barrel.
Trading Economics notes a sharp increase in the risk of oil supply disruptions after Iran’s announcement of a planned response to the Israeli air strike on its consulate in Damascus.
On Wednesday, the OPEC+ monitoring committee also met. According to an Interfax source, the committee’s ministers did not make any recommendations to the alliance based on its results; a full meeting of OPEC+ is scheduled for June 1.
In addition, at 17:30, the US Department of Energy will publish a weekly report on oil, gasoline, and distillate stocks in the country. The data released the day before by the American Petroleum Institute (API) showed a drop in oil reserves by 2.286 million barrels in the week ended March 29.
