Business news from Ukraine

NON-LIFE INSURERS RAISE PAYMENTS BY 31% IN JAN-SEPT

Insurance companies that are members of the League of Insurance Organizations of Ukraine (LIOU), specializing in risk insurance and participating in the Open Insurance project, in January-September 2018 increased gross insurance premiums by 19.6% compared to the same period in 2017, to UAH 7.7 billion, according to the LIOU’s website. Gross insurance payments in the nine months of 2018 rose by 31.1%, to UAH 2.8 billion.
The total amount of insurance reserves as of September 30, 2018 grew by 40%, to UAH 5.5 billion.
The assets of insurance companies participating in the Open Insurance project amounted to UAH 11.5 billion (19.8% up), and the total net worth to UAH 4.5 billion (4.6% more).
In the structure of gross insurance premiums for the nine months of 2018, the largest share belonged to the types of voluntary property insurance with UAH 3.742 billion (48.8%), personal insurance (except for life insurance) with UAH 1.869 billion (24.4%), non-state compulsory insurance with UAH 1.676 billion (21.8%), voluntary liability insurance with UAH 386.8 million (5%).
In the structure of gross insurance payments, the largest share belongs to the types of voluntary property insurance with UAH 1.281 billion (46.3%), voluntary personal insurance (except for life insurance) with UAH 872 million (31.5%), non-governmental compulsory insurance with UAH 599.3 million (21.7%), and voluntary liability insurance with UAH 14.2 million (0.5%).

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SHOW-PROGRAM “THE WORLD OF HORSES” TAKES PLACE IN «KYIVAN RUS PARK» ON 17-18 NOVEMBER

An interesting and cognitive program with horse-trick performances, live vocal, theatrical performances on historic theme, ancient Slavic amusements will be waiting for the guests. Also the guests will be presented a historical horse breeds collection from all over the world in the Princely stable.
Ancient Kyiv opens at 10:00. The program starts at 13:00 and will last till 18:00.
The ticket price: a full ticket for an adult – 150 UAH., for pensioners and students – 100 UAH., for schoolchildren – 50 UAH., preschool children – for free.
Ancient Kyiv in the Principality of «Kyivan Rus» is not far from the modern Kyiv – only in a 45-minutes drive – in the Kyivan region, Obukhivskiy district, vill. Kopachiv. Route taxis from Kyiv leave from the «Vydubychi» metro station (the exit from the metro to the side of the «Fourchette» supermarket), according to the schedule on the website.
The Interfax subscribers can spare money using the promo code “openbusiness-20” for the 20% discount when buying a ticket for an adult (at full price) to the Principality of Kyivan Rus:
– by previous booking by tel.: +38 044 461-99-37, +38 050 385-20-35
– at the cash desk at the entrance to the «Kyivan Rus Park».

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UKRAINE PRODUCES MORE THAN 1.1 MLN TONNES OF SUGAR

Sugar production in Ukraine as of November 9 amounted to 1.121 million tonnes.
According to the Ukrtsukor National Association of Sugar Producers, as of this date 40 sugar factories were operating in the country, which have processed 8.5 million tonnes of sugar beets.
As reported, Ukraine on August 31 started a new sugar making season. In 2018, the area under sugar beets was 280,000 hectares, which is 13% less than last year.
Ukraine exported 560,400 tonnes of sugar in the 2017/2018 marketing year (MY, September-August), which is 27.2% less than in the previous MY.

TENDER TO BUILD SUBWAY TO VYNOHRADAR DISTRICT IN KYIV COMPLETED

Municipal enterprise Kyiv Metropoliten, the customer for construction of a subway line to the Vynohradar residential area in Kyiv, has reported that after a tender OJSC Kyivmetrobud offered the lowest price for the implementation of works and the acceptation procedure has been launched.
“In the ProZorro public procurement system, a tender for the construction of the Syretsko-Pecherska subway line section from the Syrets station to the Vynohradar residential area with a depot in the Podilsky district (the section from the Syrets station to the Pravdy Avenue station with two stations (Mostytska and Pravdy Avenue) and the section towards the Vynohradar station (the first stage of construction) was completed,” Kyiv Metropoliten reported last week on its Facebook page.
According to the report, the lowest price for the work was offered by OJSC Kyivmetrobud – UAH 12.214 million below expected value.
“In accordance with the legislation, the procedure for acceptance has begun,” Kyiv Metropoliten reported.
According to the screenshot of the corresponding tender from the Prozorro website posted in the same message, Kyivmetrobud offered to perform the said work for UAH 5.981 billion with VAT.
Kyiv Metropoliten announced a tender for the construction of a subway line from the Syrets station towards the Vynohradar residential area in the Podilsky district worth UAH 6.3 billion in January 2018. The date of the tender was repeatedly postponed. The tender completed recently was announced on September 11, 2018. The expected cost of work at the last auction fell to UAH 5.99 billion.

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