Business news from Ukraine

Business news from Ukraine

TAS INSURANCE GROUP IN MAY RAISES PREMIUM COLLECTION BY 32%

TAS Insurance Group in May 2019 collected UAH 133 million of insurance premiums, which is 32.3% more than in May last year, according to the insurer’s website.
OSAGO occupied the largest share of the insurer’s revenues in May with 38.69% and UAH 51.46 million of premiums attracted, which is 23.2% more than the figure for the fifth month of 2018.
The volume of revenues on Green Card policies, in turn, increased by 64.7%, to UAH 33.13 million of premiums in May, which is 24.91% of the total premiums for the month. KASKO ranked third in the revenue portfolio of TAS group with a share of 18%: some UAH 23.95 million of premiums were collected under land transport insurance contracts during the fifth month of the current year, which is 40.5% more than in the reporting period of 2018.
TAS Insurance Group in May raised UAH 3.81 million in premiums under property insurance contracts, UAH 3.13 million under voluntary medical insurance contracts, while revenues from other insurance contracts amounted to UAH 17.53 million.
In May, TAS Insurance Group paid UAH 58.69 million in insurance claim fees, which is 12.6% more than the amount paid by the company for the fifth month of last year.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JUNE 19

Official rates of banking metals from national bank as of june 19

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 19/06/19

National bank of ukraine’s official rates as of 19/06/19

Source: National Bank of Ukraine

ANTONOV STATE ENTERPRISE AND INTERIOR MINISTRY IN AUTUMN TO SIGN CONTRACT FOR PRODUCTION OF 13 NEW TRANSPORT AN-178S FOR EMERGENCY SERVICE, NATIONAL GUARD

Antonov State Enterprise (Kyiv), part of Ukroboronprom state concern, is expected by the end of the year to receive a firm order from the Interior Ministry for the production of 13 new transport An-178 aircraft with a lifting capacity of 18 tonnes for the State Emergencies Service and the National Guard of Ukraine.
According to the press service of the state concern, within a preliminary agreement of the parties announced by Interior Minister Arsen Avakov at the 53rd international aerospace show Le Bourget 2019 (France), the signing of a contract to build 13 new An-178s for the ministry agencies is scheduled for autumn.
According to President of Antonov State Enterprise Oleksandr Donets, in the near future the enterprise plans to complete the design and certification of new An-178 airplanes, which is expected to be equipped with Ukrainian, American and European equipment. The transfer of the first aircraft to the customer is preliminarily scheduled for 2021-2022.
Head of Ukroboronprom Pavlo Bukin noted the production of aircraft for the domestic customer is considered to be the key condition for the resumption of serial production of aircraft in Ukraine.

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RYANAIR LOW COST AIRLINE STARTS FLYING FROM KHARKIV TO KRAKOW

Ireland’s low cost airline Ryanair on Monday serviced the first Kharkiv-Krakow flight, Ukrainian Infrastructure Minister Volodymyr Omelyan has said.
“It is time for Kharkiv. Today, the first Kharkiv-Krakow flight by to Europe’s number one low-cost airline was made,” Omelyan wrote on his Facebook page.
According to him, the cost of tickets will start from EUR 12.
In addition, according to the minister, on June 19, Ryanair is expected in Odesa.

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KSG AGRO PLANS TO LAUNCH NEW SOW HOUSE

KSG Agro plans to increase pig numbers by 50% in 2019, according to a company report on the Warsaw Stock Exchange (WSE).
“We want to double the number of pigs by 50% – from the existing 60,000 at the fattening stage to about 100,000 heads. This is a level that is safe in terms of availability of feed,” KSG Agro CEO Andriy Skorokhod said.
The Ukrainian holding also plans to set up an enterprise for the selection of sows with a capacity of 2,000 heads with a group of investors at the first stage (a total of three stages of the project are planned).
“Negotiations with partners continue, the project will involve the Danish fund and the Ukrainian retail chain, and we intend to cover 30% of the project’s shares. We plan to sell sows not only to the Ukrainian market, but also to foreign markets, and we have some experience in selling to China and Georgia,” Skorokhod said.
According to him, a fall in the number of pigs in the world, in particular because of the ASF, contributes to the plans of the agricultural holding. More detailed information will become known in a few months.
KSG Аgro is a vertically integrated agricultural group, working in almost all the segments of the agricultural market, including the production, storage, processing, and sale of agricultural products.

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