Grave Ukraine Insurance Company (Kyiv) has increased its authorized capital by 41.2% to UAH 130.151 million through an additional issue of shares worth UAH 38 million.
This is stated in the report on the results of the issue of shares of IC Grave Ukraine, posted in the information disclosure system of the NSSMC.
As reported, the decision to hold an additional share issue was made at the insurer’s meeting on November 22, 2024. It was planned to additionally place 38 million shares with a par value of UAH 10.
As expected, the issue will be carried out at the expense of additional contributions without a public offer. Its terms provide for the preemptive right of shareholders to purchase shares in the course of their placement.
On April 10, 2008, INPRO Insurance Company became a member of the Austrian financial concern GRAWE (Grazer Wechselseitige Versicherung AG) and was renamed into Grave Ukraine Insurance Company.
PrJSC “Grave Ukraine Life Insurance” and PrJSC “IC ‘Grave Ukraine’ are part of the NFG ‘Grave Ukraine’, the ultimate beneficiary of which is GRAWE-Vermögensverwaltung (Austria).
As part of a joint project with the European Bank for Reconstruction and Development (EBRD) to develop logistics for implementation in 2025, Ukrposhta JSC has announced a tender for the purchase of 31 modular premises for post offices.
According to the announcement on the EBRD’s tender procurement portal, bids will be accepted until February 14, 2025.
As reported, as part of the EBRD-funded logistics development project, Ukrposhta announced several tenders for the purchase of vehicles at the end of last year, including the repeated purchase of 100 trucks and 60 tractor-trailers in November.
In October last year, tenders were announced for the purchase of 880 courier electric scooters and 1,745 electric postal tricycles.
The results of these tenders have not been made public.
Ukrposhta is the only national postal operator in Ukraine.
According to its website, its network covers more than 27,000 settlements in Ukraine, except for the temporarily occupied ones. It consists of 24 regional branches, the Directorate of Mail Processing and Transportation, and Avtotransposhta. The company’s vehicle fleet includes more than 5.3 thousand vehicles.
In 2024, Express Insurance (Kyiv) collected insurance premiums in the amount of UAH 932.5 million, which is 29.1% more than in 2023, according to the insurer’s website.
It is noted that the increase in insurance premiums was made possible due to a significant increase in new customers and a doubling of the number of contracts concluded compared to the previous year.
Thus, premiums under hull insurance contracts for 2024 amounted to UAH 723.9 million, which is UAH 101.9 million, or 16.4%, higher than the same indicator in 2023, for MTPL – UAH 184.4 million (+125.9%), for other types of insurance – UAH 24.2 million (+29.9%).
As reported, in 2024, the company made payments in the amount of UAH 512.6 million, which is 54.8%, or UAH 181.6 million, higher than in 2023.
In particular, payments under motor hull insurance amounted to UAH 426.7 million (+47.9%), under MTPL – UAH 73 million (2.3 times more), payments under other insurance contracts – UAH 12.9 million (+15.8%).
Express Insurance was founded in 2008 and is a part of UkrAVTO group of companies. It specializes in motor insurance. The consistently high speed of claims settlement in the IC is ensured by optimal interaction with partner service stations.
Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.
In 2024, Nova Poshta, the leader of express shipments in Ukraine, increased the volume of shipments by 16% compared to 2023 – up to 480 million shipments.
“According to the results of 2024, Nova Poshta set a new record for parcel delivery – 480 million shipments. This is 16% more than in 2023, when Nova Poshta transported 412 million parcels,” the company’s press service said on Tuesday.
The number of international parcels delivered by Nova Poshta in 2024 increased by 86% compared to 2023, to 19 million. The company delivered 4 million international shipments between countries.
The company’s customers ordered goods from China, the US, Poland, and the UK. The most popular items were cases and covers, headphones, T-shirts, children’s accessories, and household items. The favorite stores of Ukrainians in the NP Shopping service were eBay, Amazon, Zara, H&M and Nike.
“Ukrainians are a people who like to look good, dress stylishly and read a lot. At the same time, they are happy to print something on a 3D printer,” Nova Global (a division of Nova Poshta) reported on Linkedin.
According to the data, in 2024, 57% of goods were ordered by Ukrainians in the United States, 19% in Poland, 10% in the UK, and 9% in Germany.
Last year, Ukrainians most often received clothes, household goods, decorative cosmetics, spare parts and components for various equipment, shoes, household items, and food at Nova Poshta offices, the company said.
“Nova Poshta operates in 16 European countries: France, the United Kingdom, Spain, Poland, Italy, Austria, the Netherlands, the Czech Republic, Romania, Germany, Lithuania, Estonia, Latvia, Slovakia, Hungary, and Moldova.
http://relocation.com.ua/lider-ekspres-vidpravlen-v-ukraini-n/
Consumer prices in the euro area increased by 2.4% year-on-year in December, according to the latest data from the European Union’s statistical office. Thus, inflation accelerated from November’s 2.2% to its highest level since July. The final data coincided with both the preliminary estimate and analysts’ expectations.
Inflation in the service sector accelerated to 4% last month from 3.9% in November, while the rise in prices for food, alcohol, and tobacco products slowed to 2.6% from 2.7%. Industrial products went up by 0.5% (0.6%), and energy prices by 0.1% (down 2% in November).
The lowest inflation among the eurozone countries was recorded in Ireland (1%) and Italy (1.4%), and the highest in Croatia (4.5%).
In December, the growth in consumer prices excluding food and energy (CPI Core) amounted to 2.7% in annual terms, the same as in the previous month.
Consumer prices in the euro area in December rose by 0.4% compared to the previous month. In November, the figure fell by 0.3%.
Source: http://relocation.com.ua/infliatsiia-v-yevrozoni-v-hrudni-pryskory/
In 2024, ArcelorMittal Kryvyi Rih (AMKR, Dnipro region) increased its rolled steel production by 72.1% compared to 2023, to 1 million 534,519 thousand tons from 891,438 thousand tons, and steel production by 69.9%, to 1 million 651,410 thousand tons from 971,846 thousand tons.
According to the company’s press release on Tuesday, pig iron production increased by 42.7% to 2 million 167.616 thousand tons from 1 million 519.183 thousand tons.
In addition, AMKR increased production of coke with 6% moisture by 48.5% to 1 million 254,743 thousand tons from 845,068 thousand tons, and iron ore concentrate by 71.7% to 7 million 820,682 thousand tons from 4 million 555,365 thousand tons. Iron ore production increased by 68.3% to 19 million 189.037 thousand tons from 11 million 401.600 thousand tons.
At the same time, it is noted that due to a number of problems, including a shortage of electricity supply, high electricity prices and the need to import a significant portion of it, as well as expensive logistics, and unfavorable price situation in the steel markets, AMKR was unable to break even in 2024.
In the middle of the year, the plant managed to temporarily achieve 50% utilization of its steelmaking capacity. The mining department operated at around 70-75% of pre-war production.
Mauro Longobardo, CEO of AMKR, stated that the war continues to affect all production-related processes.
“We have made every effort to achieve zero losses, we have done everything in our power to reduce costs within the company and optimize consumption. But this (breakeven – IF-U) did not happen for a number of reasons. The operation of one blast furnace and the fire at the coke oven battery due to blackout in the summer and its loss played a role here. In addition, costly logistics, unstable energy supply due to constant enemy attacks, a personnel crisis, depressed foreign markets where we can export our products – all this negatively affects our competitiveness and, accordingly, our financial results,” explained the CEO.
According to him, the plant’s business plan is focused on survival.
“So far, we are very cautious in our forecasts and realize that our results are far from the pre-war ones. We continue to invest only in a project that is strategically important for production – the construction of the Third Map tailings dump, the first phase of which we completed this year. For 2025, our goal remains the same: to be able to do it on our own without the financial assistance of the group that supports us in these difficult times. Despite all the challenges, AMKR remains in Ukraine and with Ukraine. We believe in the Victory and are ready to take part in the country’s recovery,” Longobardo summarized.
“ArcelorMittal Kryvyi Rih is the largest rolled steel producer in Ukraine. It specializes in long products, including rebar and wire rod. The company has a full production cycle and its production capacity is designed to produce over 6 million tons of steel, over 5 million tons of rolled products and over 5.5 million tons of pig iron annually.
ArcelorMittal owns the largest mining and metallurgical plant in Ukraine, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Berislav.
