SP Investments LLC (the United States) on April 22 acquired 77 million shares, or 100% of the charter capital, of PrJSC Etalon Insurance Company (Kyiv), according to the insurer’s official information. Prior to the acquisition of shares, SP Investments LLC or its affiliates did not hold shares in Etalon. According to the report, the highest price of shares, which were purchased within 12 days, was UAH 0.205 per share.
Etalon insurance company was established in 1993. It has 24 licenses for nine compulsory and 15 voluntary types of insurance. The company offers more than 50 insurance products for individuals and legal entities. It has an extensive regional network of representative offices in Ukraine.
Ukraine could receive a tranche under the Stand-By Arrangement with the International Monetary Fund (IMF) in June, First Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova has reported. “Most likely, in June Ukraine may receive a tranche, because if they the IMF mission come in May, they simply won’t be able technically to provide the tranche in May,” she said in an interview with the LB.ua online portal. According to Rozhkova, the first unexpected and unpleasant surprise for the IMF was the cancellation of the article on illegal enrichment in Ukraine, the second one was the situation with the court rulings on PrivatBank.
“Of course, we’ve informed them about the events and that first we need to get the decisions of courts and only after that we will be able to comment on some legal position, the arguments of the courts … As you know, the IMF makes its decisions at a meeting of the executive board. The mission comes to the board, reports on the trip, on the results of the borrower’s work. What will they say this time: look, they reverse the reform?” she said.
The net profit of JSC Raiffeisen Bank Aval (Kyiv) in January-March 2019 amounted to UAH 1.079 billion, which is 21.9% less than in the same period of 2018 (UAH 1.381 billion). According to the quarterly statements of the bank on its website, its net interest income for the first three months of the current year increased by 6.3% compared to the corresponding period last year, to UAH 1.740 billion.
Since the beginning of the year, its assets decreased by 3.8%, to UAH 70.526 billion, in particular loans to customers were down by 3.3%, to UAH 45.278 billion.
Since the beginning of the year, the bank’s liabilities have decreased by 6.3%, to UAH 57.804 billion.
The charter capital of the bank in the first quarter did not change and remained at UAH 6.153 billion, while net worth grew by 9.4%, to UAH 12.721 billion.
Raiffeisen Bank Aval was founded in 1992. According to its data, on January 1, 2019, Raiffeisen Bank International owned 68.27% of the charter capital of the financial institution, the EBRD held 30%.
The European Commission intends to study and give its assessment to the law on the functioning of the Ukrainian language as the state adopted by the Verkhovna Rada of Ukraine, said Maya Kocijancic, spokeswoman for High Representative of the EU for Foreign Affairs and Security Policy and Vice President of the EU Commission Federica Mogherini.
We know that the Ukrainian parliament adopted a new law on language. Now we are waiting for the publication of the final version of this law in order to study its content, she stated at a briefing in Brussels on Friday.
At the same time, Kocijancic reminded that the EU constantly said that the Ukrainian authorities should send a law on language to be assessed by the Venice Commission of the Council of Europe before it comes into force.
As reported, on April 25, the Verkhovna Rada, Ukraine’s parliament, passed as a whole a draft law on the Ukrainian language, which provides for the mandatory use of the national language by government agencies, local self-government and in other spheres of public life. Corresponding bill No. 5670-d on ensuring the use of Ukrainian as the national language passed its the second reading and was generally supported by 278 lawmakers at a plenary session of the parliament on Thursday.
Zhovtnevy district court in Mariupol has declared inaccurate information regarding Interchem pharmaceutical company (Odesa) posted by one of Odesa websites.
According to the press service of the pharmaceutical company, the court issued such a decision, having considered the suit of Interchem regarding the article “Does the Odesa enterprise kill Ukrainian youth?”
Interchem noted that this text was made public on one of the online portals in Odesa, 048.ua, and then was actively disseminated on the Internet in order to put pressure on the enterprise.
“Interchem pharmaceutical company was called the manufacturer of cheap drugs in the report. It was pointed out that its director general Anatoliy Reder was repeatedly involved in criminal proceedings, there was also other information discrediting honor and dignity. After the authors [of the article] had failed to confirm the information, the court obliged the owner of the resource to refute the report,” the company said.
The court satisfied the claims on recognizing the disseminated information as false, violating the honor, dignity and business reputation of Reder and Interchem.
Interchem is one of the leading pharmaceutical companies in Ukraine. It was founded in 1992. It is the only Ukrainian manufacturer of medicines for hard and cancer patients, as well as one of the drug suppliers under the Global Fund to Fight AIDS, Tuberculosis and Malaria programs.
If an early parliamentary election is announced in Ukraine, the country’s Central Elections Commission (CEC) will be ready to hold it despite possible difficulties that may arise due to a tight timeframe for organizing the vote, CEC head Tetiana Slipachuk said. “I think that if a relevant decision is made based on all legal grounds, we have little chance of being unprepared. I’d rather ask how promptly all the issues will be resolved in order to make such things happen? Because we have a question about legislation that regulates elections the timeline and procedure for public procurement that will be a far greater problem during parliamentary elections than in a presidential election,” Slipachuk said at a press briefing on Tuesday in answering a question from Interfax-Ukraine.
All of the abovementioned aspects are interconnected, and the CEC will do everything in its power to take steps needed within the electoral process, she said.
