Business news from Ukraine

Business news from Ukraine

VUSO officially confirmes plans to buy 99% of ASKA insurer

The majority shareholder of PrJSC Insurance Company VUSO (Kyiv) Closed Non-Diversified Venture Corporate Investment Fund Altituda JSC (Kyiv), whose beneficiaries are ex-member of the National Securities and Stock Market Market Mikhail Nazarchuk and Alexey Shuba, plans to acquire 99.592891% PJSC “Ukrainian Joint-Stock Insurance Company “ASKA” (Zaporozhye).
As stated in the message in the disclosure system of the National Securities and Stock Market Commission of PrJSC Asset Management Company Altera Asset Management, which manages the Altituda fund, at present this fund does not own ASKA shares and has no affiliates.
In general, it is about the purchase of 18 million 662.091 thousand common shares and 20.03 thousand preferred shares of ASKA.
As reported, even before the war, at the end of November 2021, the investment company SCM Renata Akhmetov announced that preliminary agreements had been reached on the sale of UASK “ASKA” to the shareholders of IC “VUSO”. On December 22, the National Bank approved Altitude’s purchase of 99.593% of the shares of ASKA, as well as 62.2156% of the shares of PJSC Insurance Company ASKO-Donbas Severny (Druzhkovka, Donetsk region), in which 62.4699% belonged to ASKA.
Altitude, in which Nazarchuk owned 31.693695% at the beginning of the year, Shuba – 21.129130%, 7.8249% was controlled by Viktor Aleshchenko, and another 39.352274% was not placed, owned 66.007486% of the shares of VUSO .
In addition, Nazarchuk directly owned 3.689926% of VUSO, and his wife Yana – 6.031608%, while Shuba – 6.924676%.
The wives of Nazarchuk and Shuba, Yana and Karina, were also co-owners of the AMC “Altera Asset Management” at the beginning of the year with stakes of 26.86% and 9.9%, respectively.
UASK “ASKA” – the first private insurance company that appeared in independent Ukraine, has been operating for more than 30 years. Included in the portfolio of the international investment company SCM. On December 22, 2021, the NBU decided to cancel 34 of its insurance licenses based on the application submitted by the company, except for the license for compulsory civil liability insurance of land vehicle owners (OSAGO).
According to the reporting submitted by UJSIC “ASKA” for the nine months of 2021, the volume of insurance premiums amounted to UAH 853.75 million, the value of assets – UAH 501.1 million, the market share in insurance reserves – 2.55%.
IC “VUSO” was founded in 2001. Currently owns 50 licenses: 34 – for voluntary and 16 – for compulsory types of insurance, represented in all regions of Ukraine. The Company is a member of MTIBU and UFS, a member of the Direct Loss Settlement Agreement and a member of the Nuclear Insurance Pool.
VUSO collected UAH 344.4 million in net premiums in January-March 2022, which is 1.1% more than in the same period a year earlier. The volume of payments to the IC decreased by 6.5% – to UAH 123.32 million.
Net profit increased compared to the first quarter of 2021 by 51.5% – up to UAH 51.66 million, the company’s assets reached UAH 969.23 million, shareholders’ equity – UAH 533.09 million, and cash and cash equivalents amounted to UAH 349. UAH 49 million.

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Citizens of Ukraine in Poland got access to medical care on par with Polish citizens

Citizens of Ukraine who were forced to move to Poland, fleeing Russian military aggression, received access to medical care on an equal basis with Polish citizens, the Ministry of Health of Ukraine reports.
“To do this, you need to have a passport of a citizen of Ukraine, which has a mark on crossing the border after February 24, 2022. If you crossed the border without a passport – a document confirming the date of crossing the Polish border by Polish services. The provision of medical care for Ukrainians is free of charge,” the statement reads. message.
In addition, Ukrainians must have refugee status or temporary protection status, as well as an analogue of the Ukrainian identification number – PESEL, which will provide access to healthcare services.
To date, Poland has provided Ukrainians with free access to medical care at all levels: basic medical care – visits to family doctors, calling an ambulance; specialized outpatient care; diagnostic studies (as directed by a doctor); hospital treatment; psychiatric treatment; rehabilitation (except resorts); dental services.
Also, citizens of Ukraine, children and youth under 19 years of age have the right to receive free preventive vaccinations, according to the Polish Preventive Immunization Program. To do this, you should contact your family doctor and get the appropriate referral. In addition, every adult Ukrainian, as well as a child from 5 years old who are in Poland, can also be vaccinated against COVID-19.

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Number of enterprises relocated under relocation program is growing in Ukraine

As of July 15, the number of enterprises relocated to safe regions under the relocation program reached 678, while at the end of May there were 601, the Ministry of Economy reported on Saturday.
“Of these, 68% (467 enterprises) have already resumed their work,” the ministry said, which is also 77 more than at the end of May.
According to the Ministry of Economy, a total of 1,732 companies have applied through the digital engagement platform to help with relocation.
Among the enterprises that have already resumed their activities in a new location, the largest share is made up of enterprises in wholesale and retail trade, repair of vehicles and motorcycles (38.7%), processing industry (33.1%), information and telecommunications (5.9%), professional, scientific and technical activities (5.3%).
Most companies have moved their facilities to Lviv (24.6% of relocated enterprises), Zakarpattia (16.1%) and Chernivtsi (11.4%) regions, the agency said.
As reported, the program to move Ukrainian production from the zone of active hostilities started in mid-March. According to the head of the parliamentary committee on finance, tax and customs policy of Ukraine, Danila Getmantsev, as of March 27, 1,120 applications were received under the evacuation program, of which 368 were transferred for transportation. By this date, the number of displaced enterprises under the evacuation program has reached 89, of which 47 have already resumed work in a new location.
The Ministry of Economy then updated the data as of April 5: the number of applications for relocation increased to 1424, relocated enterprises – up to 178, resumed work – up to 67.
According to the Ministry of Economy on May 12, the number of relocated enterprises increased to 510, resumed work – up to 303, so the topic of relocation and filing applications for it has slowed down recently.

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U.S. Ambassador to Ukraine: USA to continue efforts to provide safe passage for Ukrainian grain

U.S. Ambassador to Ukraine Bridget Brink had a “valuable discussion” with Infrastructure Minister Oleksandr Kubrakov on negotiations with UN and Turkey on establishing grain transport corridors through the Black Sea.

“Ukraine is ready to export grain to countries in need; the United States continues engaging with partners to provide safe passage for grain,” she said on Twitter on Saturday following the discussion.

In addition, Brink met with Mayor of Kyiv Vitali Klitschko. “So proud to call the beautiful city of Kyiv our home… With victory, we can’t wait to realize Kyiv’s future as a great European capital,” the U.S. Ambassador said.

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Ukraine increases oil imports in Jan-June

In January-June 2022, Ukraine increased the import of oil and crude oil (under economic activity code 2709) by 2.2% (by 11,116 tonnes) compared to the same period last year, to 516,807 tonnes.
According to the State Customs Service, raw materials worth $346.377 million were imported in six months, which is 1.7 times more than in January-June 2021 ($207.806 million), including from Azerbaijan – for $346.195 million, and Libya – $0.182 million.
Ukraine in January-June 2022 did not export oil, while for the same period in 2021, some 89,963 tonnes of oil were exported from the country to Romania for $27.133 million.

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France donated mobile laboratory for DNA analysis to Ukraine on July 14

France has donated a mobile laboratory for DNA analysis to Ukraine, according to the Ministry of the Interior and the Ministry of Europe and Foreign Affairs of France.
“On July 14, 2022, the Center for Crisis and Support of the Ministry of Europe and Foreign Affairs handed over to the Office of the Prosecutor General of Ukraine a new mobile laboratory for express analysis and DNA examination,” the French Foreign Ministry said in a joint press release published on Friday.
This DNA lab, similar to the one deployed on site by the French IRCGN Forensic Support Mission and funded by the Ministry for Europe and Foreign Affairs, is a deployable facility unmatched in the world of forensic genetics, allowing rapid genetic analysis of large numbers of biological samples. .
It was developed by the French company TRACIP (Deveryware Group) together with IRCGN, which is an expert in victim identification (DNA sampling and processing) and evidence collection.
The departments assured that, as a sign of solidarity with the Ukrainian people, France will continue to support the fight against impunity in Ukraine.

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