Business news from Ukraine

Business news from Ukraine

GREEN CARD PREMIUMS IN UKRAINE 37.5% UP IN JAN-AUG

Accrued insurance premiums under Green Card international insurance agreements concluded by the member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January-August 2021 increased by 37.52% compared to the same period in 2020, to UAH 1.075 billion.

According to the MTIBU website, the number of Green Card agreements concluded during this period increased by 22.04%, to 496,200.

At the same time, the amount of compensations paid on claims decreased by 35.54%, to EUR 7.865 million, the number of claims paid – by 20.26%, to 3,302.

The MTIBU is the only association of insurers that provide compulsory insurance of civil liability of land vehicle owners for damage caused to third parties.

Green Card is a system of insurance coverage for victims of road traffic accidents, regardless of their country of residence and the country of registration of the vehicle. The Green Card program covers the territory of 47 countries in Europe, Asia and Africa.

According to the decision adopted by the General Assembly of the Council of the Bureaux of the Green Card international auto insurance system in Luxembourg in May 2004, Ukraine since January 1, 2005 has been a full member of this system.

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OVER 1,200 PATIENTS WITH CORONAVIRUS NOW IN KYIV HOSPITALS

More than 1,200 patients with coronavirus are being treated in the capital’s medical institutions, the vast majority of them are in serious condition, Kyiv Mayor Vitali Klitschko said.
“Today in the city’s hospitals there are more than 1,200 patients with coronavirus. These people are in serious condition. The vast majority of them need oxygen support. Almost 100% of those hospitalized are unvaccinated. And this is one of the main arguments why you need to be vaccinated. Therefore, if you do not care about your health, think about your parents, relatives, friends. Their safety is your responsibility too. I really do not want to go back to the period when more than 50 people died from the virus in a day. And now the virus is more aggressive. The disease is more difficult and causes complications,” the mayor said on the air of the Freedom of Speech (Svoboda Slova) program on Ukraina TV Channel.
According to Klitschko, more than 1.7 million vaccinations were made in Kyiv today, more than 880,000 vaccinations with the first dose and more than 890,000 – with two doses. In particular, almost 90% of teachers are vaccinated. Nevertheless, the percentage of people vaccinated remains high.
“We cannot make vaccination compulsory. But if strict restrictions are imposed, if, for example, you want to go to a catering establishment or to some public events, you will not do this without vaccination. Sorry, but this is a concern, first of all, about the most valuable thing – people’s health and lives,” Klitschko said.

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HUNGARIAN LOW-COST AIRLINE WIZZ AIR LAUNCHES FLIGHTS FROM KIEV TO STOCKHOLM

The Hungarian low-cost airline Wizz Air will launch flights on the Kyiv-Stockholm Skavsta (Sweden) route from December 16, 2021.
The press service of the airline said on Friday that the flights will be operated twice a week: on Thursdays and Sundays.
According to Wizz Air Internal Communications Manager Paulina Gosk, the launch of this flight will strengthen cultural and economic ties between Ukraine and Sweden.
There are currently no direct flights between cities.

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UKRAINE IN TALKS WITH FOREIGN INVESTORS ON BUILDING SOLID WASTE TREATMENT PLANTS

Deputy Head of the President’s Office Yulia Svyrydenko notes that all local communities in Ukraine by the end of this year must create regional plans for solid household waste treatment, which was decided at a meeting of the National Security and Defense Council.
According to the website of the President’s Office, at a meeting of the Congress of Local and Regional Authorities with the participation of President of Ukraine Volodymyr Zelensky, Svyrydenko said that negotiations are now underway with representatives of Scandinavian countries, which are leading in the construction of modern waste processing plants. At the same time, according to her, investors should receive market tariffs and transparent cooperation with local authorities.
She noted that 462 million tonnes of waste were generated in Ukraine last year, and 10 million tonnes of solid household waste are accumulated annually. The expert also said that there are 33,000 unauthorized landfills in Ukraine.
Zelensky also noted the importance of the issue of waste treatment, since only 4% of municipal solid waste is sorted in Ukraine at overcrowded landfills and illegal landfills.

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LOAN PORTFOLIO OF UKRAINIAN BANKS UP BY 3%

The loan portfolio of Ukrainian banks in August 2021 increased by 3%, to UAH 1.124 trillion, while the volume of non-performing loans (NPL) decreased by 0.7%, to UAH 393.178 billion, according to reports on the website of the National Bank of Ukraine (NBU). According to the report, the share of non-performing loans in the country’s banking system in August fell to 34.99% from 36.3% in July.
The National Bank indicated that over the month the portfolio of loans in the corporate sector increased by 2.6% – to UAH 827.583 billion (the NPL volume in it decreased by 0.2% – to UAH 344.99 billion), and the portfolio of loans to individuals increased by 2.4% – to UAH 238.463 billion (NPL decreased by 3.7% – to UAH 47.738 billion).
At the same time, the volume of interbank loans increased by 3.9% – to UAH 41.1 billion (NPL by 1.3% – to UAH 450 million), and the volume of loans issued to public authorities and local governments – by 1.5 times, to UAH 16.7 billion (NPL remained at 0%).
According to the National Bank, in August the share of NPL in the portfolio of loans provided to the corporate sector decreased by 1.2 percentage points (to 41.69%), loans to the population – by 1.3 percentage points (to 20.02%), interbank loans – by 0.03 percentage points (to 1.10%), while the share of loans to state authorities remained at the level of 0%.
The central bank’s report indicates that the loan portfolio of state-owned banks (excluding PrivatBank) in August-2021 increased by 4.7% – to UAH 303.856 billion (the NPL volume in it decreased by 0.9% – to UAH 111.195 billion). PrivatBank’s loan portfolio grew by 0.9% – to UAH 250.674 million (NPL – by 0.1%, to UAH 176.9 billion).
In addition, over the month, the loan portfolio of banks with foreign capital increased by 3.5% (to UAH 372.39 billion), with private – by 2.2% (to UAH 196.257 billion). At the same time, the volume of NPL in them decreased by 2.5% (to UAH 82.956 billion) and by 1.1% (to UAH 21.592 billion), respectively.
Thus, in August 2021, the share of NPL in the loan portfolio of state-owned banks (excluding PrivatBank) decreased by 2 p.p. (to 36.59%), and in PrivatBank – by 0.6 p.p. (to 70.57%). At the same time, the share of NPL in the loan portfolio of banks with foreign capital decreased by 1.4 percentage points (to 22.28%), with private – by 0.4 percentage points (to 11%).

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MAYOR OF ZAPORIZHIA RESIGNS

Mayor of Zaporizhia Volodymyr Buriak announced his intention to resign from the post of mayor for health reasons.
“Today, during a session of the Zaporizhia City Council, I announced my intention to resign from the post of mayor. You know that I was on sick leave and was examined. Considering that I was on the operating table three times, the doctors recommend that I take care of my health, because there are still several examinations to take,” Buriak wrote on his Facebook page.
He also said that he is not going to leave the city, he will not leave politics, and the party of Volodymyr Buriak “Yednannia” (Unity) will continue to participate in the development of the party and the city.
On November 25, 2015 Buriak took the oath of the mayor. On October 25, 2020, he was elected mayor of Zaporizhia for a second term.

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