In November 2023, TAS Insurance Group (Kyiv) increased the volume of premiums collected by 40.1% to UAH 299.31 million compared to the same period in 2022, according to the group’s website.
The collected premiums under hull insurance contracts for the period amounted to UAH 71.66 million, which is 23.94% of the company’s total premiums and 16.5% higher than the corresponding figure for November 2022.
MTPL accounted for 35.81% of the premiums collected, or UAH 107.18 million of premiums, which is 31.8% more than last year, while Green Card accounted for 27.14% or UAH 81.23 million of payments (+88.3%).
In turn, under voluntary health insurance contracts, TAS IG attracted UAH 6.89 million of insurance premiums, which is 63.2% more, under property insurance contracts – UAH 6.09 million of insurance payments, under other insurance contracts – UAH 26.26 million, which is 52.4% more than last year.
TAS Insurance Group was registered in 1998. It is a universal company offering more than 80 types of insurance products in various types of voluntary and compulsory insurance. It has an extensive regional network of 28 regional directorates and branches.
In November 2023, the company increased payments by 96.1% to UAH 145 million.
Structure of foreign exchange reserves as of 30.09.2023
Source: Open4Business.com.ua and experts.news
Ukraine’s public debt to GDP ratio from 2009 to 2023 (UAH mln)
Source: Open4Business.com.ua and experts.news
In January-November this year, Ukrainian mining companies reduced exports of iron ore in physical terms by 30.5% year-on-year to 16 million 145,920 thousand tons.
According to the statistics released by the State Customs Service (SCS), foreign exchange earnings from iron ore exports amounted to $1 billion 624.403 million (down 42.8%) in the period under review.
Iron ore was exported mainly to Slovakia (28.73% of supplies in monetary terms), Poland (20.20%) and the Czech Republic (20.18%).
In January-November of this year, Ukraine imported iron ore worth $131 thousand in the total volume of 244 tons. Imports during this period came from Norway (35.88%), the Netherlands (29.77%) and Italy (26.72%). At the same time, during the same period in 2022, iron ore worth $62 thousand was imported in a total volume of 96 tons.
As reported, in 2022, Ukraine decreased the export of iron ore in physical terms by 45.9% compared to 2021 – to 23 million 984.623 thousand tons, while foreign exchange earnings decreased by 57.8% to $2 billion 912.974 million.
Iron ore was exported mainly to Slovakia (19.23% of supplies in monetary terms), the Czech Republic (17.32%) and Poland (16.49%).
Last year, Ukraine imported iron ore worth $65 thousand in a total volume of 101 tons, while in 2021 – $184 thousand in a volume of 1,202 thousand tons.
Imports were carried out from Norway (36.92%), the Netherlands (27.69%) and the UK (16.92%).
Internal and external debt of Ukraine in 2009-2023
Source: Open4Business.com.ua and experts.news
In January-November this year, Ukrainian enterprises increased their consumption of rolled metal products by 2.06 times compared to the same period last year, up to 3 million 246.6 thousand tons.
According to a press release issued by Ukrmetallurgprom on Monday, 1 million 26.6 thousand tons, or 31.62% of the domestic rolled steel market, were imported during this period.
According to Ukrmetallurgprom, in January-November 2023, Ukrainian steelmakers produced 4.86 million tons of rolled metal products (92.8% compared to the same period in 2022), of which, according to the Expert and Scientific Council of UAVtormet, about 2.64 million tons, or 54.4%, were exported. In the same period of 2022, the share of exports amounted to 80.4% (4.21 million tons with a total production of 5.24 million tons of rolled metal products).
The share of semi-finished products in export deliveries for 11 months of 2023 amounted to 41.79%, which is significantly lower than in the same period of 2022 (43.31%). The share of flat products in export deliveries in 11 months of 2023 is slightly higher than in January-November 2022 (38.46% and 36.64%, respectively). The share of long products is comparable to the figure for 11 months of 2023 (19.74% in 2023 vs. 20.05% in 2022).
“In January-November 2023, the domestic market capacity amounted to 3246.6 thousand tons of rolled steel, of which 1026.6 thousand tons or 31.62% were imported. In the same period of 2022, the domestic market capacity amounted to 1577.6 thousand tons, of which 549.6 thousand tons or 34.86% were imported. Thus, in 11 months of 2023, there was an increase in the domestic market capacity by 105.79% compared to January-November 2022, while the share of the import component decreased by 3.22%,” the press release states.
The structure of imports in January-November 2023 is still characterized by a significant dominance of flat products over long products (75.78% and 24.16%, respectively); in the same period of 2022, the dominance of flat products over long products was also significant (67.69% and 31.30%, respectively).
The main export markets for Ukrainian steel products in January-November 2023, according to the data of the ETS “UAVtormet”, are the countries of the European Union (78.5%) and the rest of Europe (7.2%).
Among metallurgical importers for 11 months of 2023, the first place is occupied by other European countries (41.2%), the second – by the EU-27 (32.4%), and the third – by Asian countries (18.9%).
