Business news from Ukraine

Business news from Ukraine

STATE AGENCY ON ENERGY EFFICIENCY AND UKRAINIAN HYDROGEN UNION SIGN MEMO OF COOPERATION TO DEVELOP HYDROGEN ENERGY

The State Agency on Energy Efficiency and Energy Saving and the Ukrainian Hydrogen Union signed a memorandum of cooperation in the development of hydrogen energy, the agency said on its website on Friday.
The parties agreed to work together to identify and remove legislative barriers to the introduction of hydrogen technologies and to develop partnerships in this area with the EU, the United States and others.
“Ukraine is considered by the European Union as one of the strategic partners in the development of hydrogen energy. Taking into account our potential, we have every chance to integrate into Europe’s hydrogen plans and must create conditions for the effective functioning of this market,” Head of the State Agency on Energy Efficiency Kostiantyn Hura said. He added that, together with the Ministry of Energy and the United Nations Economic Commission for Europe (UNECE), work on the Hydrogen Energy Development Strategy until 2050 is underway.
According to President of the Ukrainian Hydrogen Union Oleksandr Repkin, there are a number of common initiatives that are planned to be implemented for the development of the hydrogen economy.

,

U.S. PRESIDENT BIDEN SUPPORTS UKRAINE – HEAD OF PRESIDENT’S OFFICE OF UKRAINE

U.S. President Joe Biden in a phone conversation with Ukrainian President Volodymyr Zelensky said that he expects the opportunity to visit Ukraine again and assured him of his support in reforming the country, Head of the President’s Office of Ukraine Andriy Yermak said.
“President of Ukraine Volodymyr Zelensky held a telephone conversation with President of the United States of America Joe Biden. President Biden supports Ukraine in everything, and his team highly appreciates everything that President Zelensky does in reforming the country. Joe Biden said that he is waiting for the opportunity to visit Ukraine again and also remembered his speech in the Ukrainian parliament,” Yermak wrote on his Facebook page.
Earlier, President of Ukraine Zelensky, following the conversation with U.S. President Biden, said that he appreciates the support of the United States and intends to seriously reform the country.

, ,

RETAIL TURNOVER IN UKRAINE BY REGIONS IN JAN 2021 (UAH MLN)

Retail turnover in Ukraine by regions in Jan 2021 (UAH MLN).

TODAY U.S. PRESIDENT TO HOLD PHONE CONVERSATION WITH UKRAINIAN PRESIDENT

U.S. President Joseph Biden will hold his first telephone conversation with Ukrainian President Volodymyr Zelensky on Friday evening, April 2, an informed source from the President’s Office of Ukraine told Interfax-Ukraine.
“We confirm the fact of the call, yes,” the source said.
Earlier, the upcoming conversation between the presidents was reported by the Politico ezine, citing two people who were aware of the planned call.
“Ukrainian officials had been pushing for a call between Zelensky and Biden for weeks, including in a recent call between national security adviser Jake Sullivan and top Zelensky aid Andriy Yermak, according to one person familiar with their conversation,” according to the Politico’s statement on Friday.
It is noted that the conversation follows at least three high-level calls between the United States and Ukraine this week between Secretary of State Antony Blinken, Joint Chiefs Chairman General Mark Milley, Defense Secretary Lloyd Austin and their Ukrainian counterparts.

, ,

STATE AIR TRAFFIC SERVICE ENTERPRISE ENDS 2020 WITH NET LOSS OF UAH 1.5 BLN

The State Air Traffic Service Enterprise (UkSATSE) ended 2020 with net loss of UAH 1.489 billion, which is 32.5% more than in 2019 (UAH 1.123 billion).
According to the company’s financial statements published on its website, in 2020 the gross loss amounted to UAH 664.4 million versus UAH 156.4 million in gross profit in 2019.
Net income from the sale of services over the past year decreased 56.5%, to UAH 1.5 billion.
UkSATSE was founded in 1992. It provides a full range of air navigation services: air traffic services, air traffic flow management, airspace organization and management, radio communications, navigation and surveillance, provision of meteorological and aeronautical information for all types of flights.

MTIBU MEMBER INSURERS RAISE PREMIUMS – BY 7.4% IN 2021

Insurance companies that are members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January-February 2021 signed 1.159 million contracts of compulsory insurance of land vehicle owners’ civil liability (OSAGO), which is 2% more than for the same period a year earlier.
According to the data published on the MTIBU’s website, out of the total volume of contracts, 528,400 were concluded in an electronic format, which is 56.8% more than in the two months of 2020.
The members of the bureau increased the collection of insurance premiums under OSAGO policies by 7.4% compared to the same period last year, to UAH 899.7 million, including under electronic contracts – in the amount of UAH 450.9 million, which is 60.4% more than a year earlier.
The total amount of accrued insurance claims under internal insurance contracts in January-February 2021 increased by 18.8%, to UAH 538.4 million, including UAH 99.9 million paid using European road accident record forms, which is 18% more than a year earlier.
The bureau also recorded an increase in the number of settled claims for insurance compensation by 4.8%, to 26,400, including with the use of European road accident record forms – 9,529 (more by 6.2%).
The MTIBU is the only association of insurers that provides compulsory insurance of land vehicle owners’ civil liability for damage caused to third parties. The bureau members are 48 insurance companies.

, ,