The National Commission for the State Regulation of the Financial Services Market received 2,598 complaints about the work of insurance companies in February-July 2019, which is 1.3% (62) less than for the same period 2018, according to the website of the regulator.
According to the commission, the leaders in the number of complaints received were ASKA (158, UAH 6.17 million paid), Omega Insurance Company (173, UAH 8.99 million paid), Oranta Insurance Company (136, UAH 2.71 million), and U.S.I. (88, UAH 1.3 million).
According to the regulator, a total of 555 complaints were received against these companies over the specified period. The total amount of insurance claim fee payments based on the results of consideration of applications was UAH 19.17 million.
In general, the total amount of insurance compensation by insurance companies following the consideration by the commission of applications for the indicated period was UAH 44.57 million.
The commission said complaints came from individuals and legal entities, including people’s deputies, the Cabinet of Ministers, the Office of the President, parliamentary committees, ministries, and departments.
The capacity of facilities generating electricity from renewable sources of energy in Ukraine by the end of 2019 could reach 5.473 GW, which is 2.6 times (by 3.356 GW) more than at the end of 2018.
This is evidenced by the presentation posted on the website of the National Commission for Energy, Housing and Utilities Services Regulation (NCER).
Over the year, the total capacity of wind farms will be 1.136 GW (2.1 times more than the amount established at the end of 2018), solar stations some 4.087 GW (three times more), biomass some 140 MW (42.8% more), and small hydroelectric plants some 110 MW (up by 11.1%).
The estimated cost of energy produced from renewable energy sources in the period will double to UAH 28.016 billion.
According to the commission, as of September 10, the total installed capacity of renewable energy facilities was 3.387 GW. Since the beginning of this year, Ukraine has installed 1.27 GW of “green” capacities, which is 1.7 times more than for the whole of 2018.
President of Ukraine Volodymyr Zelensky has called on international business to invest in Ukraine and presented a number of promising projects.
“We have a number of projects to which I, under my personal guarantees, the guarantees of protection, invite foreign businesses. These are energy, infrastructure, transparent land circulation,” he said at the 16th Annual Meeting of the Yalta European Strategy (YES) in Kyiv.
In particular, Zelensky presented a project on land irrigation in the southern regions of the country, an inter-university IT cluster in Kharkiv, a film production center in Kyiv, a new resort on the Black Sea coast in a completely new city, ski resorts in Slavske and Borzhava, the development of Khortytsia island, a large-scale entertainment park for guests from Eastern and Central Europe.
“This is not a complete list of reasons why we invite you to invest in Ukraine,” the president added.
ENERGY, INFRASTRUCTURE, INVEST, PRESIDENT OF UKRAINE, TOURISM
The new UAH 5 coin could be issued this autumn, Governor of the National Bank of Ukraine (NBU) Yakiv Smolii has said.
“Now I am not ready to say when the issue of UAH 5 [coins] will be. But I think it is expected in the autumn,” he told reporters on Thursday.
Earlier, the NBU announced its intention to issue coins with a face value of UAH 5 in 2019, UAH 10 – in 2020.
From October 1, 2019, the NBU will withdraw from circulation coins in denominations of 1, 2, and 5 kopecks. The central bank will gradually withdraw from circulation a coin with a face value of 25 kopecks, but for now it will remain a means of payment.
The volume of purchase of cash currency by the population in August 2019 exceeded the volume of sales by $97 million.
According to the National Bank of Ukraine (NBU), the volume of currency purchase for the second month in a row exceeds the volume of sales, while in June and May Ukrainians sold more currency than they bought.
In general, since the beginning of 2019 the population has sold $56.4 million more currency than bought.
The NBU said that in August compared with July Ukrainians reduced the purchase of foreign currency by 5.1%, to $1.424 billion, sales by 5.7%, to $1.327 billion.
The National Bank of Ukraine (NBU) and the International Monetary Fund (IMF) have begun joint work on a new cooperation program, the NBU press service said on Facebook. According to the report, on September 12 the first meeting of the NBU board with the IMF mission, which arrived in Ukraine, took place.
It was attended by NBU Governor Yakiv Smolii, his first deputy Kateryna Rozhkova and deputy Oleg Churiy, as well as representatives of the IMF mission led by Ron van Rooden.
During the meeting, Smolii emphasized that cooperation with the IMF is extremely important to support macro-financial stability in Ukraine, primarily because it is the key to further reforms in the country, without which a long-term growth of the Ukrainian economy is impossible. Also, cooperation with the IMF provides Ukraine with access to official and private financing.
IMF representatives expressed their intention to continue a constructive dialogue on a new cooperation program, the report said.
