Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 14/08/19

National bank of ukraine’s official rates as of 14/08/19

Source: National Bank of Ukraine

UKRAINIAN EXPORT OF POULTRY RISES BY 32%

Ukraine in January-July 2019 exported 243,710 tonnes of poultry, which is 32% more than in the same period in 2018, the State Fiscal Service has reported. According to its data, in monetary terms exports of these products increased by 23%, to $356.57 million.
Poultry and offal imports for the seven months fell by 2.9%, to 71,240 tonnes, in monetary terms by 2.3%, to $28.62 million.
According to the State Fiscal Service, exports of pork in January-July 2019 rose by 2.7% compared to the corresponding period of 2018, to 1,200 tonnes. In monetary terms exports of this product amounted to $2.65 million (1.3%).
Pork imports to Ukraine during this period grew by 11.7%, to 13,580 tonnes. The country received this meat for a total of $25.71 million that is 14% more compared to the previous seven months.

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NUMBER OF UNEMPLOYED IN UKRAINE

Number of unemployed in Ukraine

GERMANY’S LOW COST BUS OPERATOR FLIXBUS STARTS COOPERATION IN UKRAINE

Germany’s low cost bus operator FlixBus (Berlin) has signed an agreement of cooperation in Ukraine with Gunsel company, according to which starting from August 19, 2019 three joint bus lines will be serviced, FlixBus Managing Director in Poland and Ukraine Michal Leman and Gunsel Group General Manager Kocak said at a press conference in Kyiv on Tuesday, an Interfax-Ukraine correspondent has reported.
Leman said that, in particular, in cooperation with Gunsel, the following lines will be added to the FlixBus network: Kyiv-Warsaw (via Lublin, daily), Kyiv-Wroclaw (via Zhytomyr, Rivne, Lviv, Krakow, Katowice, three times a week), Kyiv-Prague (via Zhytomyr, Rivne, Lviv and Hradec Králové, three times a week).
“The new lines that will be added to our network will allow Ukrainian FlixBus passengers to get access to several hundred of our European destinations, thanks to transfers that can be made at FlixBus hubs in Warsaw, Krakow, Wroclaw and Prague,” Leman said.
He added that currently FlixBus services five routes from Kyiv in conjunction with the Euroclub company (Berlin, Vienna, Budapest, Krakow and Paris). At the same time, FlixBus plans to open routes from Odesa, Kharkiv and Dnipro by the end of 2019.
“I am very glad that today the Ukrainian company Gunsel became a FlixBus partner in Ukraine. This is only the beginning of the journey… I had a conversation yesterday with the new governor of Kyiv region, Mykhailo Bno-Airiian, and he is very interested in meeting with FlixBus and launching internal trips in Kyiv region. I am interested to hold a meeting of your office [FlixBus] with Kyiv carriers,” Infrastructure Minister of Ukraine Volodymyr Omelyan said at the press conference.

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ODESA SEAPORT SEES 14% RISE IN CARGO HANDLING

Odesa maritime merchandise port in January-July 2019 handled 13.937 million tonnes of cargo, which is 14.12% more than a year ago.
According to the Ukrainian Sea Ports Authority, over the period the port increased handling of exported cargo by 15.08%, to 10.316 million tonnes and imported cargo – by 13%, to 2.75 million tonnes, and coastal cargo three times, to 111,390 tonnes. Transit cargo transshipment fell by 2.5%, to 759,910 tonnes.
Handling of liquid cargo at the Odesa seaport over the period totaled 360,417 TEU (a rise of 9.29% year-over-year).
Odesa port is located on an area of 109.5 hectares.
The port accepts vessels with lengths of up to 270 meters and maximum draughts of 13 meters. The total length of the port’s berths exceeds 8 kilometers.

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INGO UKRAINE SEES 35% RISE IN PREMIUMS

INGO Ukraine insurance company (Kyiv) in January-June 2019 collected UAH 750 million in insurance premiums, which is 35% more than a year ago, the company’s press service has reported.
According to the company, premiums for vehicle insurance amounted to UAH 388 million, for property and liability – more than UAH 157 million, for personal types of insurance – more than UAH 165 million, and for special types – more than UAH 37 million.
The company showed the highest dynamics in premiums under voluntary fire and natural disaster insurance policies (a rise of 138%), voluntary medical insurance (a rise of 85%), voluntary and compulsory motor liability insurance (a rise of 64%) and voluntary property insurance (a rise of 63%).
As of June 30, 2019, the size of acceptable assets, taking into account the criteria of liquidity, profitability and quality, amounted to UAH 1.937 million (a rise of 12%). The actual solvency margin reached UAH 593.5 million, which exceeds the standard indicator by UAH 368.7 million.
In January-June 2019, the company paid UAH 311.5 million (a rise of 18.4%) as its obligations to customers and settled more than 66,000 insurance events. Formed reserves for payments by June 30 amounted to UAH 202.4 million.
Over the period, the company concluded more than 132,000 insurance contracts, of which more than 101,000 with individuals and more than 31,000 with legal entities.
INGO Ukraine has 25 years of experience in the market. Since 2017, the Ukrainian business group DCH of Oleksandr Yaroslavsky has been the main shareholder of the company.
The company has 28 licenses for various types of compulsory and voluntary insurance, provides insurance services to corporate and retail customers.

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