Business news from Ukraine

Business news from Ukraine

“Kyivstar” joins BankID NBU

Ukraine’s largest mobile operator Kyivstar has joined the National Bank of Ukraine’s (NBU) BankID electronic remote identification system for individuals, the bank’s press service said on Friday.
“Another large mobile operator, Kyivstar, has joined the NBU’s BankID system. Now, using BankID NBU system, Kyivstar prepaid subscribers in mobile application “My Kyivstar” will be able to pass identification for switching to a contract form of service,” – explains the report.
Switching to contract form of service or mobile number registration is the most effective protection of subscriber’s SIM-card from fraud, the NBU pointed out.
Now NBU BankID System is used by all three major mobile operators in Ukraine: in April 2021 Lifecell Ukraine and in April 2022 Vodafone Ukraine joined to it.
As reported, BankID NBU provides access to services of more than 40 state and public institutions, allows users to be verified remotely to gain remote access to financial, administrative and commercial services.
As of April 14, 2022 the BankID NBU System had 40 BankIDs, including PrivatBank, Ukrgasbank, Ukrsibbank, Ukreximbank, Alliance Bank, Forward Bank, PUMB, Oschadbank, Alfa-Bank, OTP Bank, Accordbank, Globus Bank, Piraeus Bank, Pravex Bank, Raiffeisen Bank Aval, TAScombank, Kristallbank (all – Kyiv), Motor Bank (Zaporizhia), Vostok, Radabank, Concord Bank, A-Bank (all – Dnipro), Credobank, Idea Bank, Lviv Bank (all – Lviv), Pivdenny Bank (Odessa), MTB Bank (Odessa obl. ), Asvio Bank (Chernihiv), as well as virtual monobank and izibank.

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Export of goods in Jan-Nov 2022 to most important positions and in relation to same period of 2021

Export of goods in Jan-Nov 2022 to most important positions and in relation to same period of 2021

Source: Open4Business.com.ua and experts.news

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TAS IG in January-February has attracted UAH 486 mln of insurance premiums

TAS IG (Kyiv) in January-February 2023 collected UAH 486,39 mln of insurance premiums, which is 6,6% more than in the corresponding period of 2022, according to the web-site of the company.
It is specified that UAH 99,88 mln of payments have been collected on CASCO contracts, or 20,54% of the total amount of premiums and this is by 33,9% more than during the same period of 2022.
Sales of MTPL insurance increased by 17.3% up to UAH 145.54 million or 29.92% of the total receipts of the insurer for two months. Sales of “Green Card” increased by 68.3% to UAH 101.83 million (20.93%).
VMI accounted for 18.3% of Company’s receipts in January-February: UAH 89,01 mln. was collected on voluntary health insurance contracts.
The company attracted UAH 11,8 mln of payments on property insurance contracts for two months. The receipts of the insurer under other insurance contracts amounted to UAH 38,33 mln.

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Vishnevsky Casting and Forging Plant doubled its profit

Vishnevskiy Casting and Forging Plant PJSC (VLKZ, Kyiv oblast) increased its net profit by 2.1 times last year compared to the previous year – up to UAH 7.099 mln.
According to the information for the annual general shareholders meeting of the company, appointed for April 24 of this year, which will be held remotely, the undistributed profit by the end of 2022 amounted to UAH 13.077 mln.
The shareholders intend to summarize the results of work in 2022, to distribute the net profit received last year in the amount of 7 million 98.521 thousand UAH in the following way: 50% of the profit, which amounts to 3 million 554.643 thousand UAH, to be allocated to the payment of dividends (2.48 UAH per share); the rest will be left undistributed.
Besides, the company plans to elect a new Supervisory Board, to make changes to its charter and to approve major transactions.
PJSC VLKZ was founded in 1990 on the basis of foundry and forging shops of Kiev Artem Production Association. It specializes in producing forging and foundry products.
According to the data from the National Depository of Ukraine as of the fourth quarter of 2022, “Golf and Country Club” (Ukraine) is the property of 18,5947% of the company, “Company of Aviation and Rocket-Technical Engineering” – 51,0001%.
Authorized capital is 358 th. UAH, par value – 0.25 UAH.

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Farmers sowed 210.3 thou hectares of grains and pulses last week

Over the past week, farmers sowed 210.3 thou hectares of grains and legumes compared to 66.6 thou hectares a week earlier, with Ternopil region leading the way with 47.2 thou hectares, the Ministry of Agrarian Policy reported on Friday.
According to its data, as of March 23, the sowing campaign is already underway in 18 regions of Ukraine, while a week ago it was in 10.
It is noted that since the beginning of this campaign, all categories of farms have sown 293 thousand hectares of grain and leguminous crops, of which 76.1 thousand hectares (26 thousand hectares a week earlier) – spring wheat, 168.1 thousand hectares (44.2 thousand hectares) – spring barley, 35.3 thousand hectares (12 thousand hectares) – peas and 14.2 thousand (0.5 thousand hectares) – oats.
The Ministry clarified that since the beginning of the sowing campaign, farmers in Ternopil region have planted the largest amount of grain and legumes – 67.6 thousand hectares.
Agrarians in Vinnytsia, Volyn, Rivne, Khmelnytsky and Cherkasy regions have started sowing sugar beet, while farmers in Odesa region have started sowing sunflower, the ministry added.
As reported, as of March 25 last year, 150 thousand hectares of agricultural areas were sown in 11 regions, and in 2021, as of the same date, 106 thousand hectares were sown.
As of March 21, 2023, the Ministry of Agrarian Policy forecasted the area under grain and leguminous crops for the 2023 harvest in the territory controlled by Ukraine at 10.24 mln ha, which is 1.41 mln ha or 12.1% less than in 2022.
According to the data and forecasts of the Ministry of Agrarian Policy, winter wheat plantings amounted to 4166 thou hectares (-834 thou hectares y-o-y), winter barley – 536 thou hectares (-255 thou hectares).
The agency expects spring wheat to be planted on 285 thou hectares (+67 thou hectares), spring barley – on 1041 thou hectares (+111 thou hectares), corn – on 3618 thou hectares (-451 thou hectares).

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ARX insurance company joined leaders of Ukrainian insurance market in 2022

Insurance company ARX (Kyiv), according to the National Bank of Ukraine, according to the results of 2022 took a leading position in four indicators, the company said in a statement.
In particular, the company was the first in terms of net premiums earned and collected more than 2.9 billion UAH, labor costs – 373.6 million UAH, profit – more than 537 million UAH, income tax expenses – 212.6 million UAH.
Besides, the company has taken the second position on payments to customers by reimbursing about 1,04 mln UAH and written premiums – more than 2,7 bn UAH
In total the gross premiums of ARX and ARX Life insurance companies for the year 2022 amounted to more than UAH 3,03 billion. The net profit of the two companies is UAH 559 mln.
IC “ARX” has been working in the insurance market for 26 years. According to its data, the company is the leader in CASCO insurance for the 12th year in a row. It takes the first place among the insurers of Ukraine on the amount of net premiums and net indemnities for 2021. It is a part of the international insurance holding Fairfax Financial Holdings Limited (Canada).

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