Business news from Ukraine

Business news from Ukraine

EUROINS INSURANCE COMPANY ENDS 2020 WITH NET PROFIT IN UKRAINE

Euroins Ukraine insurance company (Kyiv) ended 2020 with a net profit of UAH 37.548 million versus a net loss of UAH 14.6 million in 2019, follows from the materials for the agenda of the meeting of shareholders, made public in the information disclosure system of the National Securities and Stock Market Commission.
According to it, the company’s assets over the past year grew by 47%, to UAH 433.2 million, cash and their equivalent – by 22%, to UAH 56.4 million, equity – by 39.8%, to 129.7 UAH million, accounts receivable – by 71.6%, to UAH 67.2 million.
Noncurrent liabilities of the company in 2020 rose by 27.7%, to UAH 209.1 million, current liabilities – by 83.9%, to UAH 94.419 million.
As reported, Euroins Ukraine collected UAH 320 million in insurance payments in 2020, which is 25% more than a year earlier.
The insurer said that, according to the data of the Motor Transport Insurance Bureau of Ukraine, in 2020 Euroins Ukraine entered the top ten insurers of Ukraine in terms of the number of compulsory civil liability insurance of land vehicle owners (OSAGO) policies sold. The total amount of insurance payments of the company over 2020 exceeded UAH 110 million.
PrJSC Euroins Ukraine has been operating on the Ukrainian market since 1992, is a part of Euroins Insurance Group AD (Bulgaria).

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UKRINFRAPROJECT COMPLETED ROAD SAFETY PROGRAM BY 72%

The State Agency for Infrastructure Projects of Ukraine (Ukrinfraproekt) has fulfilled the state road safety program by 72% in 2020, head of the agency Kyrylo Khomiakov said during the presentation of the report for the past year on Friday.
According to him, in 2018 the program was not completed, in 2019 it was completed by 30%.
“If we talk about the tasks of the state program, 42 out of 45 tasks for 2020 have been fully completed. One of the tasks – the construction of roundabouts – has not been fully completed due to the SACI (State Architectural and Construction Inspectorate) reform and weather conditions, but we will complete this by the middle of the second quarter,” he said.
Among the most important projects implemented by the agency in 2020, Khomiakov named: the installation of 20 Weigh-in-Motion (WiM) complexes on the roads; purchase of 220 auto-fixing complexes, which are now being installed on state roads; installation of four integrated speed control systems (Phantoms) and 72 TrueCam 2.
According to him, in general, in 2020, UAH 3.168 billion was allocated for this program, 100% of which were procured, contracts were signed in the amount of UAH 2.993 billion (95%).

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AMONG UKRAINIAN POLITICIANS, ZELENSKY, KLITSCHKO, PRYTULA, GROYSMAN ENJOY GREATEST TRUST– STUDY

Among Ukrainian politicians, Volodymyr Zelensky (39.5% of Ukrainians trust him), Vitali Klitschko (33.8%), Serhiy Prytula (31.6%) and Volodymyr Groysman (31%) enjoy the highest level of trust from the population among Ukrainian politicians, evidenced by the results of an all-Ukrainian public opinion poll conducted by the Kyiv International Institute of Sociology (KIIS) from February 23 to March 1, 2021.

According to the survey, 39.5% of Ukrainians trust President Volodymyr Zelensky, while 54.3% do not trust him (the balance of trust-distrust is -14.7%); Kyiv mayor Klitschko is trusted by 33.8%, 52.8% do not trust him (balance -19%); public activist, volunteer and TV presenter Prytula is trusted by 31.6%, 34% do not trust him (balance -2.3%); ex-prime minister Volodymyr Groisman has trust of 31%, 53.1% have no confidence in him (balance -22.1%); Chairman of the Verkhovna Rada Dmytro Razumkov has trust of 28.3%, no trust from 30.6% (balance -2.3%).

At the same time, 26.3% of Ukrainians trust MP Yulia Tymoshenko, 67.6% have distrust of her (the balance of trust and distrust is 41.3%); MP Yuriy Boiko has trust of 24.6%, 52.2% have no confidence in him (balance -27.6%), ex-MP Oleh Liashko is trusted by 23.2%, 69.5% do not trust him (balance -46.3%), 22.4% trust Ihor Smeshko, 22.6% do not trust him (balance -0.2%), the fifth president, Petro Poroshenko, is trusted by 21.9%, 73.5% have no confidence in him (balance -51.6%).

The level of trust in other politicians is below 20%.

If we compare the percentage of confidence in a politician with the same indicator in January 2021, the greatest changes can be traced in the case with Zelensky – an increase from 35.6% to 39.5%, Prytula – an increase from 27.3% to 31.6%, Boiko – a decrease from 28.9% to 24.6%, Medvedchuk – a decrease from 19.6% to 16.2%, Palytsia – a decrease from 5.3% to 3%.

The respondents were also asked a similar question about trust in the leaders of other states.

As it turned out, 30.3% Ukrainians trust Alexander Lukashenko, while 56.8% do not trust him, so his balance of trust-distrust is -26.5%. Moreover, compared to January 2021, the level of trust in him decreased.

Joe Biden is trusted by 29.4% of Ukrainians, and not trusted by 25.5%. Its balance is positive and amounts to + 3.9%, respectively. Compared to January 2021, no significant changes have been observed.

Vladimir Putin was the most unfavorable among Ukrainians – 82.4% do not trust him versus 10.8% of those who trust (-71.6% balance).

The public opinion poll was conducted by the Kyiv International Institute of Sociology from February 23 to March 1, 2021 using computer-assisted personal interviewing (CAPI). Some 1,207 respondents living in 86 settlements of all regions of Ukraine (except for the Autonomous Republic of Crimea) were randomly selected during three rounds with a quota selection at the final round, which is representative for the population of Ukraine aged over 18.

The margin of sampling error for the full sample is not more than 2.9% for indicators close to 50%, 2.5% for indicators close to 25%, 1.9% for indicators close to 12%, and 1.3% for indicators close to 5%.

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UKRAINIAN BUSINESS INTERESTED IN PLACING SERVER EQUIPMENT IN DATA CENTERS

The Parkovyi data center (Ante Mediam LLC, Kyiv) notes the growing demand for server equipment placement in data processing centers (data centers).
As member of the supervisory board of the Parkovyi data center Tetiana Honcharova has told Interfax-Ukraine, the lockdown and its consequences have caused great demand in the digitalization of business.
“We are seeing an increase in the demand for server equipment placement. The reason for the demand in this segment is the unprofitability for the business to maintain and provide its own server rooms with the required level of security,” she said.
According to Honcharova, the trends of 2020 were a noticeable increase in interest in cloud services from the public sector, as well as an increased attention to cloud data backup from large businesses.
She also noted that, despite the pandemic, 2020 turned out to be quite productive for the cloud services market.
“As for the Parkovyi, we see a 20% growth over 2020. On average in the market, according to our analysts, over the next five years, there will be a 15% growth annually. Considering that our team started work in the middle of the year, the growth of Parkovyi in 2020 exceeded the market average,” Honcharova said.
The Parkovyi data center, located in the territory of the Parkovy congress and exhibition center in Kyiv, was put into operation in May 2013. It is certified according to the TIER III security level, owns an international certificate in the field of information security ISO/IEC 27001:2013 and a certificate of conformity for technical information protection systems issued by the State Service of Special Communication and Information Protection of Ukraine.
The total area of the data center is 2,730 square meters, the number of racks is 400 units. The data center is connected to two independent energy sources with a capacity of 4 MW.

UKRAINE’S SERVICE-BUSINESS INCREASES SALES BY 10.4% IN Q4 2020 – STATISTICS

The volume of sales of companies operating in the service sector of Ukraine in the fourth quarter of 2020 amounted to UAH 264.2 billion, which in comparable prices was 10.4% higher than the level of the fourth quarter of 2019, the State Statistics Service has said.
According to the report, the volume of services provided to the population amounted to 17.4% of the total volume of services provided in the country (UAH 46.05 billion).
The State Statistics Service reminded that in the fourth quarter of 2020 the volume of service provided by companies grew by 10.9% compared with the previous quarter.

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CLEAR ENERGY GROUP PLANS TO LAUNCH ANOTHER BIOGAS PLANT

Clear Energy Group plans to launch the fourteenth biogas plant for the group this month, the group’s CEO, Andriy Hrinenko, has said.
“We have built 14 landfill stations on landfill gas. These are, in particular, Kharkiv, Bila Tserkva, Kryvy Rih, Kherson, Ivano-Frankivsk, Kremenchuk, Lutsk, Chernihiv, Poltava. In March, we are launching a biogas station in Ternopil,” he said in interview to the online portal Energy Reform.
Thus, the total capacity of all biogas plants of the group will be 15.1 MW, which is 75% of the entire market for electricity generation from landfill gas in Ukraine.
According to Hrinenko, the group sees great prospects in the development of landfills for the production of electricity and heat, and the decision to work in this area was made several years ago, based on the fact that the market for processing solid household waste remained underestimated.
“Now in Ukraine, 10 million tonnes of household waste is produced annually. This is gold under our feet, which we do not use. It can give 1.2 billion kWh of electricity and 3.5 million Gcal of thermal energy per year if properly utilized. We can also generate one billion cubic meters of biogas from this waste,” he explained.
At the same time, Hrinenko noted that the development of this sector needs to be streamlined at the legislative level, for which the group has developed a bill on energy waste disposal, the adoption of which will be sought in the Verkhovna Rada after the presentation to the mayors of the cities.
“Firstly, we want to achieve the same protected cost item for utilities for paying for heat generated from waste as they have for paying for gas. Secondly, we do not ask for any inflated tariffs. We want to sell electricity at the day ahead market price, but give the basic rules,” he defined the main points of the bill.

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