Business news from Ukraine

Business news from Ukraine

MAP OF INTERNET COVERINGS OF UKRAINIAN BASIC MOBILE OPERATORS IN JAN 2021

Map of internet coverings of Ukrainian basic mobile operators in Jan 2021.

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RETAIL TURNOVER IN UKRAINE BY REGIONS IN 2020 (UAH MLN)

Retail turnover in Ukraine by regions in 2020 (UAH MLN).

UKRAINIAN INSURERS INCREASE PREMIUMS BY 20% IN 2020

Insurance companies that are members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in 2020 signed 8.334 million contracts of compulsory insurance of civil liability of land vehicle owners (OSAGO), which is 4.1% more than in 2019.
According to data posted on the website of the bureau, out of the total volume of contracts, 3.096 million were concluded in electronic format, which is 2.6 times more than in 2019.
The members of the Bureau increased the collection of OSAGO insurance premiums by 20.6% compared to the same period last year, to UAH 6.137 billion, including via signing electronic policies in the amount of UAH 2.584 million, which is 2.8 times more than a year earlier.
The total amount of accrued insurance claims under internal insurance policies in 2020 grew by 12.9% – to UAH 2.852 billion, including UAH 503.2 million paid using European accident report forms, which is 12.4% more than a year earlier.
The bureau also recorded an increase in the number of settled claims for insurance compensation by 5.4%, to 147,200, of which 50,300 (a rise of 5.8%) using European accident report forms.
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. It has 49 members.

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USA IMPOSES SANCTIONS AGAINST KOLOMOISKY, HE, HIS IMMEDIATE FAMILY BANNED FROM ENTERING UNITED STATES

U.S. Secretary of State Antony Blinken has announced sanctions against oligarch and former Ukrainian official Ihor Kolomoisky due to his involvement in major corruption.
“This designation is made under Section 7031(c) of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2020. In addition to Ihor Kolomoisky, I am publicly designating the following members of Ihor Kolomoisky’s immediate family: his wife, Iryna Kolomoiska, his daughter, Andzelika Kolomoiska, and his son, Israel Zvi Kolomoisky. This action renders Ihor Kolomoisky and each of these members of his immediate family ineligible for entry into the United States,” Blinken said in a statement released by on the website of the U.S. Department of State on Friday.
Blinken said that in his official status as the head of Dnipropetrovsk region of Ukraine from 2014 to 2015, Kolomoisky was involved in corrupt acts that undermined rule of law and the Ukrainian public’s faith in their government’s democratic institutions and public processes, including using his political influence and official power for his personal benefit.
“While this designation is based on acts during his time in office, I also want to express concern about Kolomoisky’s current and ongoing efforts to undermine Ukraine’s democratic processes and institutions, which pose a serious threat to its future,” the secretary of state said.
“This designation reaffirms the U.S. commitment to supporting political, economic, and justice sector reforms that are key to Ukraine’s Euro-Atlantic path. The United States continues to stand with all Ukrainians whose work drives reforms forward. The Department will continue to use authorities like this to promote accountability for corrupt actors in this region and globally,” Blinken said.
Aforementioned Section 7031 of the Department of state, Foreign Operations and Related Programs Appropriations Act gives the Secretary of State the power to deny entry to the United States of foreign government officials and their immediate family members, in respect of whom there is reliable information that they are involved in significant corruption (including related to the extraction of natural resources) or in gross violation of human rights.
An exception may be entry into the United States if it will contribute to the achievement of important goals of the U.S. law enforcement agencies or occurs within the UN Headquarters Agreement.

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US IMPOSES SANCTIONS AGAINST FORMER UKRAINIAN OFFICIAL IHOR KOLOMOISKY

U.S. Secretary of State Antony Blinken has announced sanctions against oligarch and former Ukrainian official Ihor Kolomoisky due to his involvement in major corruption.
“This designation is made under Section 7031(c) of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2020. In addition to Ihor Kolomoisky, I am publicly designating the following members of Ihor Kolomoisky’s immediate family: his wife, Iryna Kolomoiska, his daughter, Andzelika Kolomoiska, and his son, Israel Zvi Kolomoisky. This action renders Ihor Kolomoisky and each of these members of his immediate family ineligible for entry into the United States,” Blinken said in a statement released by on the website of the U.S. Department of State on Friday.
Blinken said that in his official status as the head of Dnipropetrovsk region of Ukraine from 2014 to 2015, Kolomoisky was involved in corrupt acts that undermined rule of law and the Ukrainian public’s faith in their government’s democratic institutions and public processes, including using his political influence and official power for his personal benefit.
“While this designation is based on acts during his time in office, I also want to express concern about Kolomoisky’s current and ongoing efforts to undermine Ukraine’s democratic processes and institutions, which pose a serious threat to its future,” the secretary of state said.
“This designation reaffirms the U.S. commitment to supporting political, economic, and justice sector reforms that are key to Ukraine’s Euro-Atlantic path. The United States continues to stand with all Ukrainians whose work drives reforms forward. The Department will continue to use authorities like this to promote accountability for corrupt actors in this region and globally,” Blinken said.
Aforementioned Section 7031 of the Department of state, Foreign Operations and Related Programs Appropriations Act gives the Secretary of State the power to deny entry to the United States of foreign government officials and their immediate family members, in respect of whom there is reliable information that they are involved in significant corruption (including related to the extraction of natural resources) or in gross violation of human rights.
An exception may be entry into the United States if it will contribute to the achievement of important goals of the U.S. law enforcement agencies or occurs within the UN Headquarters Agreement.

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UK TO DESIGN MISSILE BOATS FOR UKRAINIAN NAVY

New missile boats for the Ukrainian Navy will be designed in the UK as part of a previously signed memorandum on re-equipping the Naval Forces of the Ukrainian Armed Forces, Defence Attaché at the British Embassy Tim Woods said.
“These missile boats are designed specifically for Ukraine, so they will be original and will have a length of approximately 50 to 65 meters, which will provide a speed of 40 knots. It is planned to install artillery systems and missiles on them. It depends, among other things, on what kind of missiles are needed. And these can be short- or long-range missiles. This is the issue that British companies are considering right now. But these will be missiles of a new class, specially designed for Ukraine by the British industry,” Woods said in an interview with the Day newspaper.
He said that the first four boats will be constructed in the UK. At the same time, Ukrainian shipbuilders will be able to observe construction, learn and train.
Woods said that the second part, namely, four missile boats, will be constructed in Ukraine. It will be great for Ukrainian shipbuilding and also for the Navy, so these capabilities will be available in Ukraine.
The attaché believes the construction of the first ship will start early 2022.
Woods also said another option that we they studying has not yet been formalized, it is the joint design of warships of the British industry with the Ukrainian design bureau in Mykolaiv.

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