IC “Express Insurance” (Kiev) in January 2025 collected insurance premiums in the amount of UAH 102.6 million, which is 71.9% more than in January 2024. According to the insurer’s website, in January payments amounting to more than UAH 34,4 mln were made, which is by 17% more than in the same period of 2024.
Including payments on hull insurance amounted to UAH 27 million (+5.3%), on MTPL – UAH 6.8 million (more in 2.4 times), payments on other insurance contracts – UAH 660 thousand.
“The growth of payouts on MTPL is a direct result of clients’ confidence in the company and increase in the number of concluded contracts”, – is noted in the message.
ALC “Express Insurance” was founded in 2008 and is part of the group of companies “UkrAVTO”. The company specializes in automobile insurance. Stably high speed of events settlement in IC is provided by optimal interaction with partner service stations.
Since April, 2012 IC “Express Insurance” is an associated member of the Motor Transport Insurance Bureau of Ukraine.
Schneider Electric Ukraine (Schneider Electric Ukraine, Kyiv), which signed a memorandum with the Ministry of Education and Science of Ukraine last year, plans to train 1 million people in energy management in 2025, CEO Mykhailo Bubnov said.
“The company’s priorities for 2025 include achieving sustainable development goals, including supporting 1000 leading suppliers in halving CO₂ emissions,” he said in a blitz interview withInterfax-Ukraine.
According to him, Schneider Electric views Ukraine as a strategically important market, and the company’s medium-term strategy involves the introduction of digital solutions to optimize energy consumption, reduce costs and ensure energy independence both at the business and household levels.
“One of our key objectives is to create conditions for the widespread adoption of smart technologies. We believe that every household in Ukraine can become independent in energy production and consumption by integrating solutions such as smart transformers or mini-wind turbines,” Bubnov said.
He clarified that as part of its strategy, Schneider Electric Ukraine actively cooperates with vocational education and has committed to modernizing the training facilities of vocational institutions. In addition to supplying training electrical stands and other technical equipment, the company has also created an innovative demonstration and training hub and is working on developing integrated training courses that include up-to-date knowledge of energy management, automation, and digital technologies.
The CEO clarified that Schneider Electric Ukraine is currently a multifunctional enterprise that includes commercial divisions in Kyiv, Dnipro, Lviv, Odesa, and Mykolaiv, a warehouse of equipment and components in Kyiv, a service and information support center, a design bureau, authorized training centers, and a support service. The company employs about 100 people and also has an extensive network of distributors, stores and specialized partners throughout Ukraine.
Bubnov added that in the near future the company plans to expand its product line focused on the development of renewable energy sources, including solar and wind power plants, and will continue to develop the infrastructure of charging stations for electric vehicles.
According to YouControl, in 9 months of 2024, Schneider Electric Ukraine increased its revenue by 12.7% to UAH 1 billion 352.24 million, while its net profit halved to UAH 154.56 million.
Source: https://interfax.com.ua/news/economic/1045984.html
In January, Ukraine increased pork imports, the total volume of which exceeded foreign purchases in October-December 2024, the Pig Producers of Ukraine (PUA) association reported, citing preliminary customs statistics.
“During the first month of the year, Ukraine imported about 323 tons of pork, which is more than twice the total volume of products imported in October-December last year, as well as in January 2024. Although there has been a revival in import activity, the import flow is not so active as to significantly affect the domestic market,” the industry association noted.
The analysts drew attention to the fact that the increased interest of Ukrainian meat market players in imported raw materials has led to an increase in domestic pork prices.
“The average purchase price of slaughterhouse pigs in January increased by 5.5% compared to December, which is an atypical price behavior for the winter period, as it was the market’s response to a decrease in domestic supply. European pork prices, on the other hand, continued their typical seasonal decline. Therefore, although the average customs value of a kilogram of imported pork was higher than it was recorded last year ($2.84 vs. $2.52 per kg excluding VAT on average in 2024), a number of meat processing enterprises took the opportunity to optimize raw material costs in this way,” the experts noted.
They reminded that imports of pork have historically played a role of leverage on domestic prices, but currently its volumes do not put pressure on quotations, as most meat processors do not currently feel the inflow of imported raw materials.
Exports of pig meat in January were slightly lower than imports, amounting to 295 tons. In addition to the main sales markets (UAE, Hong Kong, Malaysia, Liberia), pork supplies to Georgia resumed at the beginning of the year, the USBA stated.
Indonesia’s parliament has approved a draft law to create the Danantara sovereign fund, the Jakarta Globe reported.
Danantara’s main tasks will be to consolidate the management of state-owned enterprises and deal with their investments and dividends, and the passed law will allow it to raise start-up capital of at least 1 quadrillion Indonesian rupiah ($61.3 billion).
Authorities have signaled that the fund’s portfolio will be based on seven large state-owned enterprises from the banking (Bank Mandiri, Bank BRI, Bank BNI), mining, energy (Pertamina, PLN) and telecommunications (Telkom Indonesia) sectors.
Danantara will manage approximately $600 billion in assets, including from the existing sovereign fund Indonesia Investment Authority (INA). The figure is expected to grow to $982 billion over time, making Danantara the world’s fourth-largest sovereign fund after structures in Norway, the UAE and China.
The finance ministry-controlled INA is expected to be integrated into Danantara, which will report directly to the president. INA was formed in 2020 to manage $10.5 billion in assets and capital, but began operations the following year. Danantara was originally scheduled to launch in November 2024.
In 2024, Guardian Insurance Company paid out UAH 509.2 million in indemnities, which is 29.4% more than in 2023, according to the insurer’s website.
It is noted that hull insurance payments increased by 81% to UAH 37 million, while premiums for this type of insurance increased by 58% to UAH 76.2 million.
The company also reports that in 2024, reimbursements under the international Green Card insurance policy increased by 35% to UAH 286.5 million, while premiums amounted to UAH 371.8 million.
Claims under the MTPL insurance policy increased by 15% to UAH 182.4 million last year, with premiums collected amounting to UAH 401.6 million (+10%).
The company allocated UAH 0.5 million (+80%) for medical expenses, while premiums collected amounted to UAH 77.2 million (+28%).
Accident insurance premiums amounted to UAH 27.8 million (+5%).
The amount of payments from customers who chose Guardian Insurance Company in 2024 amounted to UAH 1.06 billion.
Guardian Insurance Company is a member of the Presidium of the League of Insurance Organizations of Ukraine. Since January 2020, it has acquired the status of a full member of the MTIBU and has the right to sell Green Card policies.
In October 2020, by the decision of the general meeting of members of the Nuclear Insurance Pool of Ukraine, Guardian Insurance Company became a member of the pool.
In 2025, Nestlé intends to invest UAH 8 billion in commercial activities in Ukraine, in particular, in the promotion of goods in retail chains, as well as UAH 1.5 billion in the modernization of factories to improve products, said Alessandro Zanelli, CEO of the company in Ukraine and South-Eastern Europe.
“The consumer goods category will continue to grow until 2025. But in 2025, everyone will feel a lot of pressure on margins. You can’t put everything on consumers alone, because inflation is already high in the country. We will have to work hard to create the right narrative about our business model,” he said at the ‘Global Outlook Enduring Change!’ organized by the European Business Association.
Zanelli advised entrepreneurs to identify the driving forces of their business, understand what creates consumer power and work to improve efficiency.
Speaking about Nestlé in Ukraine, he noted that the company intends to increase its presence in Ukraine in 2025, for which it plans to invest about UAH 8 billion in commercial activities, in particular, in the promotion of consumer goods in retail chains. In addition, about UAH 1.5 billion will be invested in improving the condition of the company’s plants.
The CEO of Nestlé in Ukraine added that the company has been delaying the launch of a new plant in Volyn region for six months due to constant air hazards, lack of builders and labor, but intends to launch in March 2025.
Nestlé’s business in Ukraine is represented by the following areas: coffee and beverages, confectionery, cooking (cold sauces, condiments, soups, convenience foods), baby and specialty foods, breakfast cereals, and pet food.
