Ukrainian insurance companies in January-September 2018 collected net premiums for the amount of UAH 25.389 billion, which is 22.1% more than a year ago, the national commission for financial service markets regulation has told Interfax-Ukraine.
Some UAH 8.713 billion was collected under car insurance policies (voluntary car insurance (KASKO), compulsory vehicle owners’ civil liability (OSAGO) and Green Card), which is 22% more than a year ago, UAH 2.451 billion under medical insurance policies (a rise of 21%), UAH 2.407 billion – property insurance (25.9% up), UAH 1.479 billion – fire and natural disaster risk insurance (33.2% up), UAH 1.321 billion – insurance of responsibility to third parties (25% up), UAH 1.251 billion – financial risk insurance (14% down), UAH 1.113 billion – cargo and luggage insurance (42.2% up), UAH 981 million – accident insurance (35.5% up), UAH 838.8 million – medical expenses insurance (32.2% up), UAH 371 million – loan insurance (66.3% up) and UAH 337.4 million – aviation insurance (37.7% down).
During the reporting period, insurance companies specializing in life insurance collected UAH 2.741 billion of net insurance premiums, which is 35.6% more than in January-September 2017, and paid out UAH 536.8 million of insurance claims (a rise of 29.8%).
According to the regulator, the volume of net insurance payments in January-September 2018 increased 18.3%, to UAH 8.467 billion.
Of these, the majority of payments fall on car insurance (KASKO, OSAGO, Green Card) – UAH 4.149 billion, which is 19.6% more than in the same period a year earlier, medical insurance – UAH 1.470 billion (22.9% up) financial risks insurance – UAH 1.050 billion (11.4% down), property insurance – UAH 397 million (2.1 times more), medical expenses insurance – UAH 222.8 million (a rise of 14.1%), fire and natural disasters risk insurance – UAH 170.8 million (4 times more), accident insurance – UAH 139 million (21.6% up), and loan insurance – UAH 63.5 million (a fall of 38.8%).
The regulator also said that reinsurance operations for the first nine months of the current year decreased 11.6%, to UAH 11.719 billion, including a 16.2% fall in nonresident reinsurance, to UAH 2.232 billion.
A group of people’s deputies on the initiative of the Ukrainian Agrarian Council on December 4 registered in the Verkhovna Rada of Ukraine bill No. 9355-5 extending the land moratorium until January 1, 2020, the association said. “Despite the fact that Ukraine is constantly debating on the possible introduction of the land market, we have not yet been submitted a draft law on farmland turnover. This issue is extremely worrying for domestic farmers and raises many questions. Under such circumstances, it’s too early to talk about lifting the moratorium,” deputy chairman of the Ukrainian Agrarian Council Denys Marchuk said.
The authors of the draft law on amendments to the Transitional Provisions section of the Land Code of Ukraine regarding the extension of the ban on alienation of agricultural land were Oleksandr Bakumenko, Petro Yurchyshyn, Mykola Kucher, Valeriy Davydenko, Leonid Kozachenko, Andriy Kot, Mykola Liushniak, Serhiy Labaziuk, Valentyn Didych, Ivan Kyrylenko, Anatoliy Kuzmenko, Oleh Kulinich, and Vadym Ivchenko.
The association noted, with reference to the explanatory note to draft law No. 9355-5, that political speculation that the land market will be introduced from January 1, 2019 creates tension in the society and does not contribute to citizens’ confidence in the reforms that are implemented in the state.
There are almost two million Ukrainians in Poland who are working in Poland, Polish Foreign Minister Jacek Czaputowicz has said. “According to different estimates, almost two million Ukrainians are already in Poland working in key areas of the economy: construction, agriculture, services. We appreciate their efforts and contribution to the development of our state,” he said at a meeting of the Ukrainian-Polish Partnership Forum in Kyiv.
In addition, the Polish foreign minister said almost 40,000 from Ukraine study at Polish universities.
The Polish minister added that in 2017 the Polish consuls issued 1.2 million visas to Ukrainian citizens.
PJSC Fozzy Group (Vyshneve, Kyiv region), part of Fozzy Group trade and industrial group, intends to raise UAH 1.94 billion and increase its charter capital by 15 times, to UAH 32 million from UAH 2 million. According to a company report in the information disclosure system of the National Securities and Stock Market Commission, the corresponding decision was made at an extraordinary general meeting of shareholders on October 31, 2018.
The company plans to place 30 million common registered shares, which exceeds 25% of its charter capital, with a nominal value of UAH 1 per share due to additional contributions. The placement price is UAH 64.88 per share. According to the company, the funds raised as a result of private share placement are to be invested in the corporate rights of wholesale and retail enterprises. PJSC Fozzy Group was established in 2005. Its core business is the activities of holding companies. Currently, the charter capital of PJSC Fozzy Group is UAH 2 million.
Two agricultural exporters Kernel Trade and ADM Trading Ukraine, as well as Mariupol Illich Steel Works affiliated with the Metinvest Group, are in the top three largest recipients of VAT refunds from the budget in November 2018, according to information on the website of the State Treasury Service of Ukraine. The largest recipient of the budget reimbursement of VAT in November was Kernel-Trade – UAH 1.35 billion (the company had no VAT refunds in October), followed by ADM Trading Ukraine with UAH 1.05 billion (UAH 707.9 million in October).
At the same time, the Mariupol Illich Steel Works dropped from first to third place in November, slightly decreasing its figure from UAH 761.7 million in October to UAH 759.5 million, according to the State Treasury Service.
The top five recipients also included one of the largest operators in the grain market Nibulon – UAH 741 million and ArcelorMittal Kryvyi Rih steel works – UAH 485.4 million (compensation information in October is not available for both companies).
The top ten largest VAT recipients in November also included Azovstal steel works affiliated with Metinvest – UAH 473.4 million (UAH 166 million in October), and AT Cargill – UAH 396.6 million (no refund data available in October).
ADM TRADING, KERNEL, METINVEST’S COMPANIES, RECIPIENTS, VAT REFUNDS
The interagency commission for international trade at a meeting on Monday decided to stop the countervailing investigation into imports of new passenger cars originated from Uzbekistan to Ukraine, the Economic Development and Trade Ministry of Ukraine has said in a press release. “During the investigation, the Embassy of Uzbekistan in Ukraine presented official explanations: according to the presidential decree No. pp-800 dated August 21, 2008 on the creation of an enterprise with foreign investment (CJSC general Motors Uzbekistan) benefits were provided to Uzbek manufacturers, which starting from 2018, are no longer valid,” the Economic Development and Trade Ministry said.
The Ministry of Foreign Trade of Uzbekistan also informed the commission that the main share of exports of Uzbek cars in Ukraine is accounted for small class A cars, which are not produced in Ukraine, the ministry said.
“Thus, the interagency commission for international trade found that the use of compensatory measures is not necessary, and also decided to stop the countervailing investigation regarding the import to Ukraine of passenger cars originating from Uzbekistan without the application of measures,” the Economic Development and Trade Ministry reported.
