Business news from Ukraine

Business news from Ukraine

Chairman of Board of Agency for Reconstruction of Ukraine dies

On the morning of February 15, Ihor Viktorovych Kulakov, the chairman of the board of the Reconstruction Agency of Ukraine, was found dead in his apartment.

The circumstances of his death are under investigation.

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MTIBU member insurers increased collection of MTPL payments by 19.3%, payments by 40.7%

In January 2024, insurance companies-members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) concluded 556,241 thousand contracts of compulsory insurance of civil liability of owners of land vehicles (CTP), which is 1.37% less than in the same period in 2023.

According to the data published on the MTIBU website, 411 thousand contracts were concluded in electronic form, which is 14.31% more than in January last year.

In January 2024, the Bureau’s members increased the collection of insurance premiums under MTPL policies by 19.25% compared to the same period in 2023 – up to UAH 706.7 million, including UAH 560 million (+34.05%) under electronic contracts.

The total amount of accrued insurance claims under domestic insurance contracts increased by 40.7% to UAH 400.7 million, including UAH 81.951 million paid using the Europrotocol (+23.02%).

The Bureau also recorded an increase in the number of settled insurance claims by 22.2% to 12,498 thousand, including 4,550 thousand (+5.25%) using the Europrotocol.

MTIBU is the only association of insurers in Ukraine that provides compulsory insurance of civil liability of owners of land vehicles for damage caused to third parties. The Bureau’s members include 35 insurance companies.

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10% discount on laser grinding from ADONIS

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Terms of the promotion

The special offer is valid from 01.01 to 29.02.2024.
The offer includes the following services at a special price:
Laser resurfacing of the face – promotional price 4410 UAH, (instead of 4900 UAH)
Laser resurfacing of the neck and décolleté – special price 3330 UAH (instead of 3700 UAH)
Laser resurfacing of the face, neck and décolleté – promotional price 7110 UAH (instead of 7900 UAH)
Laser resurfacing of hands – promotional price 1890 UAH (instead of 2100 UAH).
The promotion does not apply to people who are covered by insurance programs. And also for patients under the age of 18.

*Where is it available?

The promotion is valid in ADONIS clinics at the following locations:

– м. Kyiv, 26-K Dniprovska naberezhna St. (Osokorky);
– м. Kyiv, 39 Spaska St. (Kontraktova Square);
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How to take advantage of the promotion

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0 800 707 707

During the appointment, please inform us that you want to take advantage of the special offer.

ADONIS: making quality medicine affordable.

ADONIS is a network of private medical centers for adults and children. The Adonis private clinic was founded more than 20 years ago.

Its network includes 12 branches in Kyiv and the region, including two own maternity hospitals and a stem cell laboratory.

In the clinic’s branches, doctors treat patients in 66 medical areas.

During the war, the branches with surgical units continue to help patients by providing quality medical care to military and civilians.

“Astarta” exported its products to 44 countries around world

Astarta Agroholding, Ukraine’s largest sugar producer, supplied more than 1 million tons of products to global markets in 2023 and received EUR325 million in export revenue, up 17% compared to 2022, the agroholding’s press service reported on Facebook.

“The year 2023 was characterized by a number of next logistical hurdles: the termination of the grain agreement; significant limitation of export opportunities across land borders with the EU; regular Russian air attacks on Ukraine’s energy, railway and port infrastructure. On the other hand, these challenges mobilized our team to look for new opportunities. Diversifying logistics flows, we used combined types of transportation – the lion’s share of our products was exported through the sea corridor from the ports of Greater Odessa, guarded by the Ukrainian Armed Forces. We also delivered shiploads overland to Polish ports and through the Danube ports,” the press service quoted Astarta Commercial Director Vyacheslav Chuk as saying.

According to the information of the agricultural holding, the main consumers of corn from Astarta are China, Spain, Portugal, Netherlands, wheat – Spain, Indonesia, Portugal, Sri Lanka. Astarta’s sugar, soybean oil and meal were supplied mainly to European markets. Astarta’s organic products were exported to Germany, France, Switzerland and the Czech Republic.

In general, the agricultural holding exported agricultural products to 44 countries.

Astarta said that it intends to continue working on diversification and expansion of sales markets, optimizing export logistics and increasing export volumes.

“Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It includes six sugar factories, agricultural farms with a land bank of 220 thousand hectares and dairy farms with 22 thousand cattle, an oil extraction plant in Globino (Poltava region), seven elevators and a biogas complex.

The agroholding earned EUR1.24 mln of net profit in the third quarter of 2023, which is 27.7 times less than in the same period of 2022. Astarta’s revenue decreased by 14.4% to EUR104.75m, gross profit decreased by 2.7 times to EUR26.96m, operating profit decreased by 7.6 times to EUR6.79m and EBITDA decreased by 42.7% to EUR97.25m.

Thanks to a stronger performance in the first half of this year compared to the first half of last year, for the first nine months of 2023 as a whole, net profit decreased by 9.8% to EUR55.97m on revenue growth of 14.8% to EUR392.00m. The company’s gross profit increased by 3.0% to EUR151.91m, while operating profit decreased by 15.9% to EUR79.91m and EBITDA decreased by 10.8% to EUR116.63m.

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Green Card premiums in Ukraine decreased by 2%, payments increased by 8.25%

In January 2024, accrued insurance premiums under Green Card international insurance contracts concluded by member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) decreased by 1.93% compared to January 2023, to UAH 422.6 million.

According to the MTIBU website, the number of Green Card contracts concluded during this period decreased by 11.3% to 113.6 thousand.

At the same time, the amount of compensation paid on claims increased by 8.25% to EUR 3.684 million, while the number of paid claims increased by 20.3% to 1.166 thousand.

MTIBU is the only association of insurers that provides compulsory insurance of civil liability of owners of land vehicles for damage caused to third parties.

“Green Card is a system of insurance coverage for victims of road traffic accidents, regardless of their country of residence and country of vehicle registration. “The Green Card covers 45 countries in Europe, Asia and Africa.

According to the decision taken by the General Assembly of the Council of the Bureau of the International System of Motor Insurance “Green Card” in Luxembourg in May 2004, Ukraine became a full member of the system on January 1, 2005.

Number of unemployed people registered in public employment service as of 01.12.2023 (in thousands)

Number of unemployed people registered in public employment service as of 01.12.2023 (in thousands)

Source: Open4Business.com.ua and experts.news