Business news from Ukraine

Business news from Ukraine

PARIMATCH LEAVES BELARUS AND TRANSFERS BUSINESS TO A LOCAL TEAM

The decision to leave Belarus was made a long time ago – and this means a complete termination of all relations that takes time to finalize. When the war started we did not want to leave our people in Belarus. However, the compromises are no longer possible – we transfer business control to a local team so they could decide their destiny. We finally take the Parimatch brand away from Belarus.

The holding transfers the services and client support to the management of the local team in Belarus, which is no longer part of the Parimatch holding. The holding will no longer receive profit from the company operating in Belarus, either today or in the future. We expect to bear substantial losses as a result of this decision.

We are in the process of breaking off relations with the Republic of Belarus in compliance with all laws and ensuring the continued safety and support of our employees and customers. During the transition period, the services will remain available in Belarus and will be managed by the new owner.

Earlier, the company announced the withdrawal of the franchise from the Russian Federation. The platform has not been available there since March, and Parimatch brand is prohibited to use.

Despite the magnitude of this decision, we as a company are confident in the future of our business and strive to deliver quality and reliable services to our customers worldwide.

We urge you to stop speculation on this topic.

Parimatch has been building its reputation over the years. We are proud of numerous worthy deeds for society, honesty to customers and partners, and care for employees.

We are ready to defend our position in court. The strongest argument on our side is the truth. And the funds that competitors sent to black PR and custom publications would be better directed to the needs of the Armed Forces of Ukraine.

Ukraine is above All!

SALES OF NEW PASSENGER CARS IN UKRAINE IN MAY INCREASED BY 2.1 TIMES COMPARED TO APRIL – UP TO 2.7 THOUSAND UNITS

Sales of new passenger cars in Ukraine in May 2022 increased by 2.1 times compared to April – up to 2.7 thousand units, but by May 2021 the drop was 69%, reports AUTO-Consulting.
“May brought quite good results for the new passenger car market. For the second month in a row, the market has almost doubled compared to the previous month. However, sales figures were 69% lower than in May 2021,” according to the website of the information and analytical group .
At the same time, according to its data, the decline in sales since the beginning of this year has slowed down a bit: 15.5 thousand cars were sold in five months (61% less), and dealer networks began to work actively.
By the end of May, Toyota became the sales leader, which managed to increase sales by 2.6 times compared to April (up to 412 cars), and this breakthrough made it possible to get ahead of Renault, which took second place in May with sales growth of 45% – up to 290 units. .
According to AUTO-Consulting, Volkswagen and Skoda are steadily increasing sales (keeping the third and fourth positions in the ranking with a 2.3-fold increase in sales by April and 90% respectively), which do not have problems with logistics.
Sales of Hyundai, which returned to fifth place (from sixth in April), also increased by almost 2.8 times, while BMW dealers more than tripled sales, which made it possible to move to sixth place against eighth a month earlier.
According to statistics provided by analysts, Nissan improved its position in the rating, increasing sales by 2.8 times – up to 120 units, and Kia managed to climb to eighth place from 14th in April with a growth of 3.6 times – up to 115 cars. Volvo dealers showed a significant improvement in their position, with sales growing from 7 cars in April to 51 in May.
“So the car market is reviving and gaining momentum, and this is a good sign. However, not all operators have yet been able to build new logistics and there is a subsidence in the market,” the group’s experts state.
They draw attention to the changing priorities of new car buyers during the war: if the Toyota Rav4 and Renault Duster are the constant leaders in sales, then in May the Kia Rio, Skoda Kodiaq and Toyota Yaris Cross also became leaders.
“May will be a record in the share of sales of electric vehicles. Ukrainian buyers have scooped up almost all available electric cars,” AUTO-Consulting emphasizes.
As reported with reference to Auto-Consulting data, in 2021 the market for new passenger cars grew by 20% to 103.65 thousand units.

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QUOTES OF INTERBANK CURRENCY MARKET OF UKRAINE (UAH FOR €1, IN 01.04.2022-30.04.2022)

Quotes of interbank currency market of Ukraine (UAH for €1, IN 01.04.2022-30.04.2022)

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NBU CONTINUES TO EXCLUDE SOME INSURERS FROM NATIONAL REGISTER

The National Bank of Ukraine (NBU) has excluded from the registers three insurers that do not have valid licenses and one insurance broker.
As reported on the website of the regulator, PJSC Insurance Company Ukrainian Financial Alliance, ALC Insurance Company VIP Capital (the licenses of both were canceled on January 21, 2022 at the request of insurers) and PJSC Insurance Company OSTRA were excluded from the State Register of Financial Institutions. ” (licenses canceled on February 9, 2022 as a measure of influence).
In addition, from the State Register of Insurance and Reinsurance Brokers – Subsidiary “SINKO Group (UKRAINE)” on the basis of the submitted application.
IC “Ukrainian Financial Alliance” (Kyiv), registered in 2003, specializes in providing services in the field of risk insurance.
IC “VIP-Capital” (Kyiv) was registered in 2007 and specializes in providing services in the field of risk insurance.
IC “Ostra” (Odessa) is one of the first insurance companies in Ukraine. Established in December 1990 on the basis of the regional representative office of Ingosstrakh Insurance Company (RF) in Ukraine.

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CABINET OF MINISTERS OF UKRAINE APPROVES PETRO KOTIN AS PRESIDENT OF ENERGOATOM

The Cabinet of Ministers of Ukraine by resolution No. 430-r dated May 31, 2022 appointed Petro Kotin President of Energoatom.
The text of the document is posted on the government portal.
As reported, Kotin has so far served as interim president of the company, effective April 2, 2020. Prior to that, he worked as the general director of Zaporizhia Nuclear Power Plant, a separate subdivision of Energoatom.
Energoatom is the operator of all four operating nuclear power plants in Ukraine. It operates 15 power units equipped with water-cooled power reactors with a total installed electrical capacity of 13,835 GW.
As reported, the Cabinet of Ministers at its meeting on May 31 canceled the competitive selection of managers, chairmen of executive bodies and members of supervisory boards of economic entities in the public sector of the economy for the period of martial law.

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CANADA WILL PROVIDE UKRAINE WITH LOAN FOR CAD 1 BLN FOR 10 YEARS

Canada will provide Ukraine with a loan in the amount of CAD 1 billion for a period of 10 years, a draft government decree testifies, and the terms of such a loan are being agreed.
As stated in Decree No. 639 of May 31, the interest rate on the loan will be equal to the base interest rate of the IMF, while the grace period will be 4.5 years.
Interest will be paid every six months after the end of the grace period, the document states.

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