Business news from Ukraine

Business news from Ukraine

Dynamics of reserves of Ukraine from 2012 to 2023

Dynamics of reserves of Ukraine from 2012 to 2023

Source: Open4Business.com.ua and experts.news

“Euroins Ukraine” increases premiums by 20.4%, claims by 41.5%

In 2023, Euroins Ukraine Insurance Company (Kyiv) increased premiums by 20.4% compared to 2022, up to UAH 565 million, according to the insurer’s information.

Last year, the company concluded more than 662 thousand insurance contracts, which is 17% more than in the previous year.

The largest growth was recorded in hull insurance – by 24.3%, or UAH 69.737 million, health insurance (VHI) – by 109.9% (UAH 56.285 million), accident insurance – by 24.4% (UAH 2.528 million), and civil liability insurance for owners of land transport (including carrier liability) – by 2.6% (UAH 305 thousand).

The volume of paid indemnities in 2023 increased by 41.5% compared to 2022 to UAH 265.343 million.

“Euroins Ukraine is a universal insurance company that has been operating in the Ukrainian market since 1992. It is a part of the Bulgarian insurance group Euroins, which is one of the largest independent insurance groups operating in Central, Eastern and South-Eastern Europe. EIG is a subsidiary of Eurohold Bulgaria, a leading energy and financial group in Central, Eastern and South-Eastern Europe.

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Confectionery producers paid UAH 2.6 bln in taxes in 2023

In 2023, bun and cookie producers paid taxes worth UAH 2.6 billion, which is UAH 0.4 billion or 17.7% more than a year earlier, Danylo Hetmantsev, chairman of the parliamentary committee on finance, tax and customs policy, said on Telegram.

According to the report, the leaders in paying taxes and financing the Ukrainian Armed Forces among bun and cookie producers in 2023 were Vinnytsia Bakery No. 2, Dnipro Food Concentrates Plant, Stolychnyi Mlyn, Dnipro Mlyn, and Kviten Confectionery.

“These producers have a higher VAT and income tax burden than the industry average, and at the same time covered a fifth of tax revenues,” summarized the chairman of the parliamentary financial committee.

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IC Inter-Policy plans to increase its authorized capital by UAH 17.7 mln

Inter-Policy Insurance Company (Kyiv) plans to increase its authorized capital by 58.4%, or by UAH 17.691 million to UAH 48 million, according to the agenda of the shareholders’ meeting scheduled for February 29, 2024, in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).

According to the document, the issue will be carried out through the issue of 31,422 thousand shares of the existing nominal value.

As reported, Inter-Policy Insurance Company was founded in 1993. It has 20 licenses for voluntary and compulsory insurance, as well as branches and representative offices in all major regional centers of the country.

According to the NSSMC, as of the second quarter of 2023, 50.0046% of the insurer’s shares were owned by JSC Ukrzaliznytsia, 9.9608% by IC Vostok-Zakhid, 9.96%, 9.786%, 5.312% and 5.076% by individuals.

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Ukrainian entrepreneurs are able to export fish and fish products to Kuwait

Ukrainian entrepreneurs have been granted the opportunity to export fish and fish products to Kuwait, the press service of the State Service of Ukraine for Food Safety and Consumer Protection reports.

“This is the second foreign market for Ukrainian exporters that the Foreign Ministry and the State Service of Ukraine for Food Safety and Consumer Protection are opening this week. The first was the Chinese market for honey producers, and now the Qatari market for fish and fish products. Negotiations with foreign partners to facilitate the entry of Ukrainian goods to foreign markets are ongoing. This is an important part of our work and a broader strategy to create new opportunities in the world for Ukrainian business,” said Dmytro Kuleba, Minister of Foreign Affairs of Ukraine.

According to Serhiy Tkachuk, head of the State Service of Ukraine for Food Safety and Consumer Protection, the work on opening markets is ongoing, with the priority being Asia and North America.

The agency advised fish and fish products producers to familiarize themselves with the requirements for importing these products to Kuwait.

The health certificate for the export of marine and river aquatic animals (fish, mollusks, crustaceans, needlefish, including those grown on farms) and products from them from Ukraine to the State of Kuwait is published on the official web portal of the State Service of Ukraine on Food Safety and Consumer Protection in the section “International Cooperation”, heading “Certificates for export from Ukraine”.

The State Service of Ukraine on Food Safety and Consumer Protection reminded that Ukraine has already agreed on the forms of bilateral certificates for exports of fish and fish products to the European Union, Azerbaijan, Great Britain, Israel, Iraq, Kuwait, Moldova, Qatar, Saudi Arabia, Serbia, Tajikistan, Turkey, Turkmenistan, and Uzbekistan.

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Over 1 mln doses of Bulgarian diphtheria and tetanus vaccine delivered to Ukraine

More than 1 million doses of the Bulgarian diphtheria and tetanus vaccine (ADP-M) with a reduced antigen content, procured by the state-owned enterprise Medical Procurement of Ukraine (MPU), have been delivered to Ukraine.

According to the Ministry of Health’s website, the next delivery will be 18,300 doses.

The Ministry of Health specifies that 75% of the vaccine will be distributed to medical institutions in the regions, and 25% of the vaccine will be stored at the national level as a reserve and can be distributed to the regions if necessary.

The vaccine is intended for free vaccinations in the diphtheria and tetanus preventive vaccination schedule and contains purified antitoxins.

Vaccination for the prevention of diphtheria and tetanus with ADP-M vaccine is carried out at the age of 16 and during the revaccination of adults.

“Despite the military challenges, the Ministry of Health managed to secure the supply of vaccines for routine vaccination,” commented Deputy Minister of Health, Chief Medical Officer Ihor Kuzin.

The vaccination calendar includes vaccinations against 10 infectious diseases: tuberculosis, hepatitis B, measles, mumps, rubella, diphtheria, tetanus, pertussis, polio and hib infection.