Non-banking financial institutions of Ukraine in January-June 2018 paid profit tax in the amount of UAH 353.9 million to the national and local budgets, which is UAH 148.4 million or 72.2% more than a year ago, a member of the national commission for financial service markets regulation of Ukraine Oleksandr Zaletov has told Interfax-Ukraine.
“The aggregate amount of the paid profit tax by non-banking financial institutions, according to the Treasury, exceeded the similar indicator of banks by 8.7%, or UAH 28.2 million,” he said.
He also said that the upward pace of fiscal revenues is associated with the growth of services provided by non-banking financial institutions.
In the first quarter of 2018, the following financial services were most popular: third-party liability insurance (94.7% increase), financial leasing (76.2%), pension contributions to private pension funds from individuals (34%), life insurance (30.6%), tourist insurance (26.8%), contributions to the construction financing funds (23.3%), medical insurance (21.7%), car insurance (20.9%), deposits in credit unions (14.7%) and loans granted by credit unions (7.3%).
In Zaletov’s opinion, if several years ago the driver of growth in non-banking financial markets was financial risk insurance and factoring, now growth is primarily related to the activation of financial services oriented to the social needs of the population. The further development of this segment will depend on the adoption of bill No. 8415 dated May 25, 2018 amending some laws of Ukraine regarding state regulation of financial services markets aimed at creating a systemic basis for the recovery and development of non-banking financial services markets in modern conditions.
FINANCIAL INSTITUTIONS, INCREASE PROFIT, NON-BANKING, PAYMENT, TAX
One troy ounce=31.10 grams
Active Motors, Renault’s official dealer in Kyiv, has opened a modernized conceptual dealer center, Renault Store, in Holosiyevsky district of the capital, which became the largest one in Ukraine in terms of area, the press service of Renault Ukraine reports.
The Active Motors dealer center is the first Renault Store in Kyiv and the third one in Ukraine (after Poltava and Lviv), executed in the concept of a new design.
The concept of Renault Store assumes a clear designation of the areas of sales, service, accessories, exposure of the range of cars, financial services.
The modernization of the center lasted six months, its area is 3,675 square meters. The showroom with an area of 850 square meters allows placing 15 cars. The service station has an area of 2,000 square meters. The service capacity is 64 cars per day, car wash is 60 cars.
The press service also notes that two online reception stations allow avoiding misunderstandings arising from service at conventional stations.
PJSC Renault Ukraine, a 100% subsidiary of France’s Renault, was registered in 2005. Its network has 30 dealers.
The Ukrainian-German joint enterprise Autostrada (Lviv) has commissioned a mobile asphalt plant in the village of Chervone (Vinnytsia region).
According to the press service of the company, the maximum production capacity of the plant is 160 tonnes of asphalt concrete per hour, the production is fully automated. The plant was launched to produce asphalt for the construction of the M-12 highway on the Vinnytsia-Uman section, which is part of the international transport corridor Go Highway, which will connect the ports of Mykolaiv and Odesa with Poland’s Gdansk.
“In fact, we are building a new road: it will be expanded to three lanes. The new asphalt plant, due to the location, will reduce logistics costs for the delivery of asphalt mixture and, accordingly, the cost of work,” the company noted.
JV Autostrada was registered in Lviv in 2015. Its core business is the construction of roads and highways.
According to the state register of legal entities and individual entrepreneurs, Volodymyr Voloschuk (Odesa) is the owner of the company.
The charter capital of the company is UAH 115 million.
