Business news from Ukraine

Business news from Ukraine

NBU has selected European Insurance Alliance as insurer for compulsory motor third-party liability insurance

On May 1, the National Bank of Ukraine (NBU) announced its intention to conclude an agreement with the European Insurance Alliance insurance company for compulsory motor third-party liability insurance (CMTPL) and accident insurance for drivers (AI), according to the Prozorro public procurement system.

The company’s price offer was UAH 641,587 thousand against the expected cost of purchasing the services – UAH 1.044 million.

The tender was also participated in by insurance companies VUSO, whose offer was 28 kopecks higher, and Guardian Insurance Company – UAH 899,940 thousand.

As reported, SK Guardian was the winner of a similar tender a year earlier.

European Insurance Alliance PJSC has been operating in the Ukrainian insurance market since 1994. It is a member of the MTIBU Audit Commission, a participant in the agreement on direct settlement of losses under compulsory civil liability insurance for owners of land vehicles, and a member of the Nuclear Insurance Pool of Ukraine.

The company offers 30 types of voluntary and compulsory insurance, including property, motor vehicle, liability, and personal insurance.

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First stage of repairs to polyclinic in Irpin has been completed with funding from Azerbaijan

The first stage of major repairs to a city polyclinic damaged during the Russian occupation of 2022 has been completed in Irpin, Kyiv region. The reconstruction was carried out with financial support from the State Oil Company of the Republic of Azerbaijan (SOCAR). The Azerbaijani Embassy in Ukraine also contributed to the restoration.

The first stage included major repairs and insulation of the facades and roof, replacement of windows, and renovation of the entrance areas. The SOCAR Blago Charitable Foundation allocated 60 million hryvnias for this work.

The second stage of the clinic’s restoration, also financed by SOCAR, involves the construction of a shelter, the installation of a fire alarm system, and ventilation. The overhaul of the clinic is scheduled to be completed by the end of this year.

Earlier it was reported that the city of Irpin had already been 80% restored after the destruction caused by hostilities in the spring of 2022.

Azerbaijani-Ukrainian diplomatic relations were officially established on February 6, 1992, after Azerbaijan recognized Ukraine’s independence. During Russia’s full-scale invasion of Ukraine in March 2022, the Azerbaijani embassy in Kyiv temporarily suspended its work, but resumed operations on April 30, 2022.

SOCAR (State Oil Company of the Azerbaijan Republic) is Azerbaijan’s state-owned oil and gas company, founded in 1992. Its headquarters are located in Baku. SOCAR extracts oil and natural gas onshore and offshore in the Caspian Sea, operates the country’s only oil refinery and gas processing plant, and operates several export oil and gas pipelines.

SOCAR began operations in Ukraine in 2009. Today, the SOCAR network in Ukraine has more than 60 gas stations in various regions of the country, including Kyiv, Lviv, Odesa, Kharkiv, Dnipro, and other cities.

 

https://interfax.com.ua/news/diplomats/1068732.html

 

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Thunderstorms and strong winds forecast for northern and central Ukraine tomorrow

Dangerous weather conditions in the form of strong winds and thunderstorms are expected in Ukraine on Sunday, according to the Ukrainian Hydrometeorological Center.

“On May 4, during the day, thunderstorms are expected in the northern, Vinnytsia, and Cherkasy regions, and in Ukraine, except for the southeast, wind gusts of 15-20 m/s (I level of danger, yellow). Weather conditions may complicate the work of energy, construction, and utility companies and transport,” the report said.

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“Kyiv Radio Plant” to pay UAH 285 thousand in dividends to shareholders

Kyiv Radio Plant JSC, 50% of which is owned by the State Committee of Ukraine (SCU), will pay dividends to shareholders totaling UAH 285.6 thousand from May 14 to June 14 this year at the rate of UAH 0.001019 per share of UAH 0.25.

According to the publication in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the relevant decision was made by the general meeting of shareholders on April 28, 2025.

The State Treasury owns 140 million 181 thousand 999 shares of the company, while the second shareholder, Sodruzhestvo-Progress PrJSC, owns two more shares. The authorized capital of Kyiv Radio Plant JSC is UAH 70.09 million.

The plant’s main specialization is the production of aircraft and spacecraft and related equipment. The company also designs and manufactures elevators.

According to Opendatabot, in 2024, the plant earned UAH 0.357 million in net profit (a year earlier – UAH 0.285 million), while net income decreased by 9% to UAH 162.3 million.

At the beginning of this year, the plant employed 115 people.

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“Zaporizhstal” produced over 1 mln tons of steel in January-April 2025

In January-April this year, Zaporizhzhia Iron and Steel Works “Zaporizhstal” increased its rolled steel output by 2.5% year-on-year to 865.7 thousand tons from 844.8 thousand tons.

According to the company’s press release on Thursday, steel production for the period amounted to 1 million 18.9 thousand tons (1 million 9.3 thousand tons in January-April 2024), and pig iron production amounted to 1 million 132.4 thousand tons (1 million 50.4 thousand tons).

In April, Zaporizhstal produced 282.8 thousand tons of iron, 270.6 thousand tons of steel, and shipped 228.3 thousand tons of rolled products.

As reported, in 2024, Zaporizhstal increased its rolled steel output by 18.1% compared to 2023 – to 2 million 426.7 thousand tons from 2 million 54.7 thousand tons, steel – by 17.2% to 2 million 890.8 thousand tons, pig iron – by 14.2% to 3 million 106.3 thousand tons.

“In 2023, Zaporizhstal increased its rolled steel output by 57.2% compared to 2022, to 2 million 54.7 thousand tons, steel by 65.4%, to 2 million 466.9 thousand tons, and pig iron by 35.3%, to 2 million 718.9 thousand tons.

“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries of the world.

“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding Group (23.76%).

Metinvest Holding LLC is the management company of Metinvest Group.

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Dynamics of export of goods in january-november 2024 by the most important items in relation to the same period of 2023, %

Dynamics of export of goods in january-november 2024 by the most important items in relation to the same period of 2023, %

Source: Open4Business.com.ua