PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) is gradually restoring production after a forced shutdown in March this year.
According to the company, during the visit to the enterprise, head of Dnipropetrovsk regional military administration Valentyn Reznichenko, chairman of Dnipropetrovsk regional council Mykola Lukashuk and head of Kryvy Rih military administration Oleksandr Vilkul discussed the restart of metallurgical production.
At the same time, it was stated that one blast furnace, two coke oven batteries, three pouring machines, a rolling mill, a converter and one of the three continuous casting machines are currently operating at the enterprise.
“One of the largest mining and metallurgical plants, ArcelorMittal Kryvyi Rih, resumes work. It is still a long way before the launch of all capacities, but the company has embarked on this path. The company is building new logistics and looking for new sales markets. Thousands of employees of the plant have a salary, and the budget – taxes,” the head of Dnipropetrovsk regional military administration said.
Vilkul, in turn, stated that important production facilities had resumed work in the industrial sector over the past two weeks.
Serhiy Lavrynenko, Deputy General Director for Metallurgical Production at ArcelorMittal Kryvyi Rih, added that thanks to the support of the parent company ArcelorMittal, the government of Ukraine, Ukrzaliznytsia managed to restore part of the production operations at ArcelorMittal Kryvyi Rih.
“We are optimistic… We hope to arrange coal supplies in sufficient quantities to restart another blast furnace in the near future, and then increase the level of rolled products production,” Lavrynenko said.
At the same time, it is recalled that in early March, the company’s management decided to stop all blast furnaces of the enterprise and the processes of metallurgical production. The coking plant is now in a state of hot downtime – this is a necessary measure to avoid causing irreparable damage to the equipment. The work of the mining department did not stop after the Russian invasion, although the level of ore production was reduced due to interruptions in the operation of logistics routes and the shutdown of blast furnaces, the company said.
However, since April, the plant has been gradually resuming production processes. The restart began with the return to operation of blast furnace No. 6, it resumed operation on April 9.
Ukrainians receive $85 mln worth of transfers through PrivatBank, Western Union from UN WFP
KYIV. June 16 (Interfax-Ukraine) – Ukrainians have received more than 600,000 transfers worth $85 million through the state-owned PrivatBank (Kyiv) and the Western Union international payment system from the UN World Food Program (WFP), the bank’s press service reported on Wednesday.
According to the report, 95% of transfers were received online to a PrivatBank card.
The press service recalled that in May, the UN WFF began disbursing cash assistance to internally displaced persons in Ukraine through Western Union. The amount of assistance is UAH 2,220 per person and up to UAH 6,660 per family.
According to the statistics of the National Bank of Ukraine, as of April 1, 2022, PrivatBank ranked first (UAH 592.38 billion) among 69 banks operating in the country in terms of total assets.
In March-April 2022, the Synevo laboratory paid UAH 35 million in taxes and fees to the budget, commercial director of the Synevo laboratory Mykola Skavronsky said.
“For March and April 2022, the Synevo company still paid about UAH 35 million in taxes and fees to the state,” he wrote on his Facebook page.
Skavronsky also said that in March and April 2022, the Synevo laboratory paid UAH 67 million to its employees “1.5 times more money than the entire revenue for these two months”, the total cash receipts of Synevo during this time amounted to UAH 47 million.
“Financial support for our employees in the first months of the war was provided exclusively at the expense of Synevo’s own reserves,” Skavronsky wrote.
Synevo is the largest network of laboratories in Ukraine, part of the Swedish medical holding Medicover. The Synevo network includes 320 laboratory centers operating in 125 settlements of Ukraine, as well as eight laboratories that perform more than 1,000 types of tests.
Every year, the company’s laboratory centers serve more than 4 million customers.
The agricultural holding KSG Agro has signed a contract with a Ukrainian oil extraction plant for production of sunflower and soybean oil from its raw materials with subsequent export of finished products to the European Union, according to a press release from the agrarian group on Thursday.
“Our military realities are pushing for the search for new strategic solutions. So we decided that rapeseed and sunflower seeds will be processed, since there are more chances to sell such products abroad in the form of the same vegetable oil, ready for consumption, at a better price than just sunflower seeds,” KSG Agro quotes its board chairman Serhiy Kasyanov.
He recalled that the blockade of Ukrainian seaports due to Russian military aggression makes traditional supply chains and export supplies of grain and oilseed agricultural products impossible.
It is specified that the refinement and packaging of vegetable oil will be carried out in the EU countries, and relevant negotiations are currently underway with European partners.
Sunflower and soybean oil from Ukraine to Europe will be transported by trucks, for which KSG Agro has already purchased flexitank containers in Turkey, which will allow transporting 22-24 tonnes of oil in conventional trucks.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as production, storage, processing and sale of grains and oilseeds. Its land bank is about 21,000 hectares.
According to the agricultural holding itself, it is among the top five pork producers in Ukraine.
Insurance companies UNIQA and UNIQA Life (both – Kyiv), included in the nonbank financial group UNIQA Ukraine, in May of this year paid out UAH 86.9 million in insurance claims, according to the website of the UNIQA insurance company.
At the same time, under car insurance policies, the total amount of insurance payments reached UAH 39.4 million, of which payments under voluntary car insurance policies were UAH 33.7 million, for compulsory insurance of land vehicle owners’ civil liability and voluntary insurance of land vehicle owners’ civil liability – UAH 5.7 million.
The amount of payments under voluntary medical insurance policies totaled UAH 20.7 million. The amount of life insurance payments is UAH 4.4 million.
The largest payment was UAH 6.9 million under a property insurance policy.
Medical assistance UNIQA for the reporting period processed more than 51,322 appeals, technical assistance – more than 10,944, the group said.
UNIQA Group (Austria) entered the Ukrainian market in 2006. Its companies in Ukraine – UNIQA and UNIQA Life with headquarters in Kyiv – offer most types of risk and life insurance through a nationwide network.
The insurance company “Prince Life Vienna Insurance Group” (Kyiv) collected UAH 14.275 million in insurance payments in January-March 2022, which is 21.84% less than in the same period a year earlier.
This was reported on the website of the Standard-Rating rating agency, which confirmed the financial strength/credit rating of the UK at uaAA+ in the first quarter of 2022.
According to the report, the volume of payments and compensations made by the insurer for the specified period amounted to UAH 3.627 million, which is 41.21% lower than the volume of payments for the first quarter of 2021. Thus, the level of payments decreased by 8.37 percentage points. – up to 25.41%.
Acquisition costs of the insurer decreased by 16.76% – to UAH 2.681 million.
At the same time, the insurer received a net profit of UAH 3.556 million, which is 3.10% higher than the profit for the first three months of 2021.
As of March 31, 2022, the company’s assets increased by 4.49% – to UAH 634.504 million, equity showed an increase of 1.79% – to UAH 107.241 million, liabilities increased by 5.06% – to UAH 527.263 million, cash and their equivalents – by 98.74%, up to UAH 109.027 million.
At the beginning of the second quarter of 2022, equity covered 20.34% of the insurer’s liabilities, of which 20.68% were secured by cash and cash equivalents.
At the same time, it is noted that as of April 1, 2022, the insurer formed a portfolio of investments in bank deposits in the amount of UAH 39.900 million, as well as investments in government bonds in the amount of UAH 445.808 million. Thus, at the beginning of the second quarter, liquid assets (cash and cash equivalents, bank deposits and government bonds) covered 112.80% of the insurer’s liabilities, which indicates a very high level of the company’s provision with liquid assets.
The RA notes that the company’s high level of external support is provided by its shareholder, the international insurance group headquartered in Austria, Vienna Insurance Group Wiener Städtische Versicherung AG., which is represented by 50 companies in 30 countries and is the leader in the insurance market in Central and Eastern Europe.
According to preliminary data from VIG for the first quarter of 2022, premiums increased by 11.2% compared to the same period in 2021 to 3.45 billion euros, profit before tax decreased by 3.3% to 124 million euros, and combined ratio improved by 0.6 p.p. – up to 94.6%.
