Ukrainian insurance companies in January-March 2019 collected net premiums in the amount of UAH 9.673 billion, which is 19.1% more than in January-March 2018, according to the website of the National Commission for Financial Service Markets Regulation.
According to the regulator, the volume of gross insurance premiums collected by insurers for this period amounted to UAH 13.331 billion (14.7% more).
The commission notes that the increase in gross insurance premiums was recorded in almost all types of insurance: in voluntary car insurance (KASKO), compulsory vehicle owners’ civil liability (OSAGO) and Green Card by UAH 670 million, or by 24.9%, medical insurance by UAH 443 million, or by 49%, insurance against fire risks and natural hazards by UAH 421 million, or 35.5%, property insurance by UAH 284.5 million, or by 16.3%, life insurance by UAH 195 million, or 23.6%, medical expenses insurance by UAH 183.4 million, or 74%, and aviation insurance by UAH 72.9 million or 90%.
The share of net insurance premiums in gross insurance premiums for Q1 2019 was 72.6%, which is 2.7 percentage points more compared to Q1 2018.
In January-March 2019, insurers paid UAH 3.249 billion in net payments in claims, which is 4.8% more than a year ago. The level of net payments fell from 38.2% to 33.6%.
Gross payments in claims grew by 4.5%, to UAH 3.311 billion. The level of payments fell from 27.3% to 24.8%.
Representative of the head of state in the Ukrainian government Andriy Gerus has said that amendments to the Constitution of Ukraine should be made for the creation of independent regulators. “This should be regulated by the adoption of a new law on the NCER [the National Commission for Energy, Housing and Utilities Services Regulation], which will envisage slightly different appointment procedures. In addition, in our opinion, the Constitution should be amended to ensure that there are different regulators, not only energy, but also some anti-corruption bodies,” Gerus said at a briefing in Kyiv on Friday.
He said that this will avoid such situations in the future.
At the same time, Gerus said that after the reformatting of the NCER some existing members might remain in it, but new ones will be appointed.
Asked whether the decision of the Constitutional Court applies only to the NCER or also to the National Commission for Securities and the Stock Market and National Commission for the Financial Service Markets Regulation, Gerus said that the decision concerns only the national commission in the field of energy.
As reported, the Constitutional Court of Ukraine, which declared unconstitutional some provisions of the law on the NCER, ruled that they will cease to be in force from December 31, 2019.
The share of vacant space of street retail in Khreschatyk Street and the Pasazh buildings in Kyiv is falling and reached 6% in May 2019, which is lower than a year and two years ago. According to a study of Colliers International, growth in the number of cafe and restaurant operators is seen in this area: as of May 2019 their share is 27% (32 operators) of the total number of retailers in Khreschatyk Street, while the number of fashion operators has not significantly changed in the past two years (31%).
The number of other operators grew: banks, pharmacies, jewelry stores, children stores, food and souvenir stores, reaching 36% of the total number of retailers.
According to Colliers, the highest rent on main retail streets in Q1 2019 did not change compared with the same periods of the previous two years, being $83 per square meter a month.
Baltic Beverages Invest AB (BBI, Sweden) has increased its stake in PrJSC Carlsberg Ukraine (Zaporizhia), one of the largest brewing companies in Ukraine, to 100%.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission, the squeeze-out procedure was completed on June 12, 2019. As reported, Baltic Beverages Invest planned to buy out 12.6 million shares of Carlsberg (1.2% of the number of its shares) for UAH 185 million.
Carlsberg Ukraine in 2018 saw net profit rise by 1.5 times compared with 2017, to UAH 1.634 billion. Carlsberg Ukraine is part of Carlsberg Group, one of the leading brewing groups in the world, whose products are sold in more than 150 countries. Carlsberg Group in Ukraine consists of three breweries in Zaporizhia, Kyiv, and Lviv.
Milk production in Ukraine in Jan-May decreases by 3%
KYIV. June 14 (Interfax-Ukraine) – Milk production in Ukraine in January-May 2019 decreased by 2.8% compared to the same period of 2018, to 3.8 million tonnes. According to the State Statistics Service, over the five months, farmers produced 1.4 million tonnes of meat (live weight), which is 5.2% more than in the same period of 2018.
Egg production rose by 6.7%, to 7.026 billion units.
Batkivschyna leader Yulia Tymoshenko has said “a coalition of actions” should be created in the new parliament, and a coalition agreement should be based on the New Course program developed by her party. She said it is a clear plan for saving Ukraine.
“We proposed to create a coalition of actions and stop talking about reforms and dreams. We must make the New Course program the basis for a coalition of actions. This is the program that we have and which provides a timetable. There are certain indicators showing what we will achieve, for example, 7% economic growth per year. No party has such a professional comprehensive plan for Ukraine,” Tymoshenko said during an interview broadcast by the NewsOne TV on Thursday evening.
Tymoshenko said it is important not to waste time.
“We need to quickly get to work. There are many statements, conversations, memoranda, but this is white noise. We must act and give people results,” she said, adding that if the program is implemented successfully Ukrainians will live like Polish people do in five years.
“We have set ourselves such a task. And we will have at least 7% of economic growth per year,” she said.
Tymoshenko said the Servant of the People, the Batkivschyna and Holos party parliament factions would form a coalition in the new parliament.
“Our experience and knowledge of how to act daily to save the country […] will help the president’s team,” she said.
