Business news from Ukraine

Business news from Ukraine

CANADIAN FAIRFAX COMPLETES ACQUISITION OF UKRAINIAN INSURER

FFHL Group Ltd., a subsidiary of Fairfax Financial Holdings Limited (Canada), a financial services holding company headquartered in Toronto (Canada), on November 6, 2019 acquired a controlling stake in Universalna insurance company (Kyiv), according to the insurer’s website. The company also reports that as a result of the transaction, no changes are planned in the operating activities of Universalna insurance Company, and all insurance contracts remain valid in accordance with the conditions under which they were concluded.
In addition, under this agreement, no additional actions are required from the clients or partners of Universalna, and the company continues its operations.
As reported, at the beginning of October 2019 FFH Ukraine Holdings LLC (Kyiv) announced its intention to acquire 136.021 million shares, or 70.58% of the charter capital of Universalna insurance company. It was planned to purchase shares at a nominal value of UAH 1 per share.
Universalna insurer was founded in 1991. It specializes in providing services in the field of risk insurance. It offers services on 42 types of insurance, the regional network has more than 300 sales points throughout Ukraine.

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“THE WORLD OF HORSES” NEAR KYIV

On November, 9-th and 10-th a show-program “The World of Horses” will take place in the «Kyivan Rus Park».
An interesting program with horse shows, live vocal, theatrical performances on historic theme, traditional Slavic funs 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 13:30.
The ticket price: a full adult ticket – 190 UAH, for pensioners and students – 150 UAH, for schoolchildren – 80 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Details on the website www.parkkyivrus.com

The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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INTERNATIONAL MEDICAL TRAVEL SHOW TO TAKE PLACE IN DUBAI

We are honored to greet you on behalf of the Organizing Committee of the International Medical Travel Show. Dubai 2020 to be held on 2rd of February 2020 at Dubai World Trade Center, UAE.
IMTS. DUBAI – it is an advanced Medical and Healthcare Travel networking platform that brings together healthcare professionals from all over the world.
In the framework of the IMTS.Dubai:
Exhibition Networking and Demonstration Zone
comfortably designed area for efficient communication in between the sector stakeholders.
International Medical Travel Congress
educational part of the IMTS. Dubai that serves to the participants as a knowledge transfer platform.
International B2B VIP Hosted Buyers Program
efficient business tool that exclusively tailored for all participants to guarantee effectiveness. We will connect you with potential business partners from markets which you are targeting!
Meet our Buyers from MENA, GCC, Africa, Europe and Asia!
JOIN International Medical Travel Show DUBAI now and use our efficient marketing tools to expend your business!

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 07/11/19

National bank of Ukraine’s official rates as of 07/11/19

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF NOVEMBER 07

Official rates of banking metals from national bank as of November 07

One troy ounce=31.10 grams

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DEVELOPER FROM AZERBAIJAN INTENDS TO INVEST $7 MLN IN HOUSING COMPLEX IN UKRAINE

Caspian Service developer (Azerbaijan) intends to invest $7 million in its first own development project in Ukraine, the BASA City residential complex of the comfort+ class in the village of Khodosivka (Kyiv-Sviatoshynsky district, Kyiv region). “BASA City is the first full-scale project of Caspian Service in Ukraine as a developer. Despite temporary difficulties due to political processes, the Ukrainian housing market is very promising. The pilot project is being implemented in the comfort+ class, since, according to our estimates, today this is the most demanded and least risky segment in residential construction,” Chingiz Kishiyev, the CEO of Caspian Service in Ukraine, told Interfax-Ukraine.
According to him, the project includes nine five- to seven-storey houses, designed for 504 apartments. The land plot is located on the lake, not far from the Manufactura outlet village. Its area is 3.5 hectares, the total construction area is 35,000 square meters. The project will be implemented in two phases. The commissioning of the first of them is planned for the first quarter of 2021.
The expert noted the plan for the long term is to enter the segment of business and premium class housing in Ukraine.
“We also intend to develop business and premium class housing, as the company has gained successful experience in implementing such projects in Azerbaijan, Kazakhstan, and other CIS countries: we have built dozens of high-quality projects,” he stressed.
Caspian Service was founded in 2001. Its portfolio includes 71 projects in Azerbaijan, six in Kazakhstan, two in Georgia, one in Poland, eight in Ukraine. Since its foundation, the company has built and commissioned about 1.5 million square meters of facilities.

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