Business news from Ukraine

Business news from Ukraine

Almost 14 thousand companies have right to provide medical services

Where are the most companies with medical licenses?

Almost 14 thousand companies have the right to practice medicine in Ukraine, according to the Ministry of Health of Ukraine (MoH) as of mid-October 2024. In 2024, 16% more medical licenses were issued than in the same period last year. Nursing, healthcare organization and management, and therapy are in demand. Every fifth licensed medical company is located in Kyiv.

13,887 companies and 28,054 sole proprietors have received licenses from the Ministry of Health. You cancheck whether a medical institution is legally operating and has the right to provide medical services in the Openatabot.

However, since the Ministry of Health does not publish TINs of sole proprietors, it is currently impossible to check whether such an entrepreneur has a medical license.

The peak of medical licenses was in 2019: 910 companies in 9 months. Since then, the number of new permits to work in the medical field has only been decreasing.

355 medical licenses have been issued to Ukrainian companies since the beginning of the year. This is 16.4% more than in the same period in 2023, but still less than before the full-scale war. During the same period in 2021, 670 licenses were issued.

Most of the issued medical licenses are valid: 81,1%.

Most licenses were issued for nursing – 87% of the total number of companies. Healthcare organization and management is next (81%), and therapy is the most popular (39%). It should be noted that one company can hold licenses for several areas.

Ultrasound diagnostics (30.6%), neurology (28.3%), obstetrics and gynecology (27.7%), and dentistry (26.9%) are somewhat less popular.

However, there are also areas that are almost not in demand. For example, forensic psychiatric examination or such narrow fields as forensic toxicology and cytology – only a few companies have licenses in these areas.

In general, most medical companies with valid licenses operate in Kyiv – 20%. This is followed by Dnipropetrovs’k region (8%), Donetsk, Lviv and Kharkiv regions (6% each).

The list of the largest licensed companies by revenue includes a large number of businesses that do not have a leading medical business. Mostly, these are companies that offer medical services to their employees. For example, the top company is Nibulon, one of the leaders of the Opendatabot’s Rating of the Largest Employers in Ukraine, which had UAH 22.9 billion in revenue last year.

“Obtaining a medical license was necessitated by the need to have professional medical support for the employees of the Transshipment Terminal in Mykolaiv, the largest facility in NIBULON’s network of transshipment complexes and elevators.

Since then, we have a first aid room here, which now provides services to employees, primarily to drivers of the company’s own vehicles at the stages of pre-trip and post-trip inspection,” comments Yana Romanenko, HR Director at NIBULON.

However, there are companies in the top that provide medical care to everyone – this is the M.T.K. Medical Center with a turnover of 4.2 billion in 2023.

Also, the top companies are Dobrobut Polyclinic Medical Center with a revenue of UAH 2.2 billion, Dila Medical Laboratory, which earned UAH 2 billion, and Cinevo Ukraine with a turnover of UAH 1.9 billion.

It is worth noting that the top list also includes pharmaceutical companies such as: “Darnitsa, Kyivmedpreparat, Zdorovye, and Borshchahivskiy Chemical and Pharmaceutical Plant.

https://opendatabot.ua/analytics/moz-licenses

DnSZ doubles its net profit

Dnipro Switch Plant JSC (DnSZ, Dnipro), a major Ukrainian manufacturer of turnouts for mainline railways, doubled its net profit in January-September to UAH 296.6 million compared to the same period in 2023.
According to the company’s financial report on its website, net sales revenue for the period increased by 47.8% to UAH 1 billion 585 million.
From operating activities, the company earned UAH 394.8 million in profit (up 9.4%), and gross profit amounted to almost UAH 607 million (+19.3%).
According to the company’s report for the first half of the year, its net profit increased by 57.7% to UAH 114.3 million in January-June 2023, while net income increased by 13.6% to UAH 641.3 million.
Thus, in the third quarter of 2024, the plant increased its net profit by 2.4 times year-on-year to UAH 182.4 million, while net revenue increased by 85.8% to UAH 943.6 million.
Founded in 1916, DnSZ currently produces various types of turnouts for mainline and industrial transport, subways, and track superstructure elements.
The company has a full production cycle, including its own design bureau.
The plant ended 2023 with a net profit of UAH 510.86 million, up 52% year-on-year in 2022, with revenue up 77% to UAH 1 billion 790 million.
In 2023, the company shipped 410 turnouts, 2.33 thousand frame rails and 1.59 thousand individual crosspieces.
The share of exports was 10.4%, with the main importing countries being: Germany, the Baltic States, Turkey, and Georgia.
The average number of employees at the plant was 606 at the beginning of this year.

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Exports of honey from Ukraine to EU amounted to 45.8 thousand tons in 2023

In 2023, Ukraine exported 45.8 thousand tons of honey to the European Union, with 28% of imports of this product from Ukraine, said Olena Dadus, Deputy Director of the Agrarian Development Department of the Ministry of Agrarian Policy and Food.
“The markets of the European Union are key for honey exports, as Ukraine is the second largest exporter of honey to the EU, accounting for 28% of all imports of this product by the bloc. According to the Register of Export Capacities, about 72 Ukrainian enterprises are engaged in the supply of honey abroad,” the press service of the Ministry of Agrarian Policy and Food quoted her as saying at the Honey Forum ”European Integration of the Ukrainian Honey Industry: Challenges and Opportunities.”
According to the State Customs Service and the State Statistics Committee, honey exports in 2023 amounted to 55.4 thousand tons worth $121.4 million, including 45.8 thousand tons (93.6% of total exports) worth $94.9 million. At the same time, in the first half of 2024, honey exports to the EU amounted to 40.6 thousand tons worth $70.7 million.
The Ministry of Agrarian Policy recalled that the main countries of honey export in 2023 were the European Union (Germany, Poland, Spain, France, Belgium, Romania, Italy, Hungary, Greece) and the United States.
As reported, as part of Ukraine’s association with the European Union, Ukrainian companies were entitled to supply 18.507 thousand tons of honey to the EU market free of duty starting June 5, 2024. After this volume was exhausted, the EU resumed quotas on August 21. From January 1, 2025, and until June 5, 2025, a new tariff quota will be introduced, which corresponds to 5/12 of the threshold set for the emergency braking.

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Current Moldovan President Sandu wins second round of presidential elections

The current President of Moldova, Maia Sandu, won the second round of the presidential election held on November 3. According to preliminary data published on the website of the Central Election Commission, she received 55.41% of the vote, while her opponent, former Prosecutor General of Moldova Alexandru Stoianoglo, received 44.59% of the vote.
As of Monday morning, 99.86% of the voting protocols have been counted. Votes from three polling stations in the United States have not been counted.
According to these data, 1,679,293 Moldovan citizens took part in the elections, which is 54.31% of the voters on the voting lists. Sandu received 930,512 votes, while Stoianoglo received 748,781 votes.
Stoianoglo, who ran as a candidate of the opposition Socialist Party, conceded defeat on Sunday evening, thanking voters for their support.
At the same time, Sandu lost the election in Moldova, gaining 48.81% of the vote against Stoianoglo’s 51.19%. In the Gagauz autonomy, Stoianonglo (a Gagauz by nationality) won 97% of the vote, with almost 80% of the residents of the Transnistrian region who took part in the elections also voting for him. More than 26 thousand voters cast their ballots at 30 polling stations open to residents of the left bank of the Nistru River on the right bank.
Sandu won the election with a large margin thanks to the vote abroad. A total of 328,877 voters cast their ballots at 231 polling stations abroad, which is more than 20% of the total number of voters. This is an absolute record of participation in elections by Moldovan citizens abroad. Sandu received more than 270 thousand votes at polling stations abroad, almost 83% of those who voted.
Sandu pledged to “be a president for all”. She said this at a briefing on Monday night, when it became clear that she had won.
“Dear Moldovans, I am grateful to each of you who came to the polls. I heard your voice: those who supported me and those who voted for Mr. Stoianoglo. I pledge to be president for all of you. No one will lose in our choice of a decent future. We may hold different points of view, speak different languages, but we all want peace, understanding and a decent life for our children. This is my main goal for Moldova in the coming years. We need to unite the society,” Sandu said.

Earlier, the Experts Club think tank presented an analytical material on the most important elections in the world in 2024, more detailed video analysis is available here – https://youtu.be/73DB0GbJy4M?si=eGb95W02MgF6KzXU

You can subscribe to the Experts Club YouTube channel here – https://www.youtube.com/@ExpertsClub

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Milk production at agricultural enterprises increased by 3.4% in September

Agricultural enterprises increased milk production by 3.4% in September 2024 compared to the same period last year, Infagro, an industry news and analysis agency, reported citing data from the State Statistics Committee.
Analysts predict that in 2024, milk production by this category of producers will increase by 4% to 2.9 million tons.
“The total milk production by all categories for the first nine months of the year is 5.6 million tons, which is 2.9% lower than in the same period of 2023. The volume of milk production in the category of agricultural enterprises in the first nine months is 5.1% higher than in the same period last year (2.2 million tons),” the experts explained.
As of October 1, the number of cows in Ukraine was estimated at 1.24 million, which is 6.6% lower than on the same date last year. At the same time, there are 0.38 million heads in agricultural enterprises (-1.8%), Infagro summarized.

IC ARX increased premium collection by 14%, payments by 28%

In January-September 2024, ARX Insurance Company (IC ARX Kyiv) collected more than UAH 3.1 billion in insurance premiums, which is 14% more than in the same period a year earlier, according to the insurer.
According to the company, payments for the first nine months amounted to UAH 1.3 billion, up 28%. On average, insurance claims payments per day amounted to UAH 6.5 million.
The company also reports that over UAH 1.7 billion in premiums were collected for motor hull insurance, which is 24% more than in the first nine months of the previous year, UAH 360.8 million (+10%) for property insurance, and UAH 256.1 million (+23%) for MTPL insurance.
In the 13 months since the launch of property insurance against war risks, ARX has insured more than 200 companies with a total coverage of UAH 2.659 billion.
The company’s total insurance premiums, including life and non-life segments, amounted to UAH 3.40 billion (+14% yoy). In the life insurance segment, insurance premiums amounted to UAH 251.2 million (+7% by 2023).
According to the report, ARX and ARX life insurance companies paid UAH 358 million in taxes in the first nine months of 2024. In total, since the beginning of the war, they have paid more than UAH 1 billion in taxes to the state budget.
ARX and ARX Life are part of the international insurance holding Fairfax Financial Holdings Ltd.
ARX Insurance Company is one of the five leading insurance companies in Ukraine in terms of premiums collected and payments made. It has been a leader in the hull insurance segment of the Ukrainian market for 13 years.
ARX Life is among the top ten companies in the life insurance market in Ukraine.