At a meeting on September 21, the shareholders of Unives Insurance Company (formerly Professional Insurance, Kyiv) decided to allocate part of the profit received in 2022 in the amount of UAH 6 million to pay dividends.
As specified in the insurer’s message in the information disclosure system of the National Securities and Stock Market Commission of Ukraine (NSSMC), dividends will be paid only in cash within six months after the decision.
As reported, in January-March 2023, Unives collected UAH 1.223 million of net premiums, which is 9.4 times less than in the same period of 2022. Gross written premiums for the period amounted to UAH 144 thousand, while in the first quarter of the previous year they amounted to UAH 6.769 million.
The company paid out UAH 1.011 million in the three months under review, which is 3.1 times less than in the same period last year.
Administrative expenses of the insurer amounted to UAH 833 thousand (-18.8%), sales expenses – UAH 110 thousand.
Net profit decreased by 4.8 times to UAH 2.121 million.
Unives has been operating in the Ukrainian insurance market since 2003. It specializes in risk insurance. It is part of the Unives financial group. It holds 17 licenses for compulsory and voluntary insurance.
The authorized capital of the company is UAH 50 million.
Andriy Stavnitser, co-owner of TIS Terminal Group, has announced his intention to rebuild the railway station hotel on the waterfront in Odesa that was damaged by the Russian attack.
“It was my hotel – Kempinski Odesa. I didn’t like this hotel (…) as much as all Odessans, so I dreamed of finally reconstructing it. I dreamed about it for a long time, invested millions of dollars, bought a share from private investors and, despite the war, closed the deal with the state. I have even selected several world-class urbanists and architects. Everything will happen. We will rebuild everything,” Stavnitser wrote on Facebook on Monday.
The businessman also found partners willing to jointly invest in the construction of the waterfront area.
As reported, on the night of September 25, the occupiers attacked Odesa region with drones and missiles. As a result, the Sea Port in Odesa suffered significant damage, and a fire broke out in the building of the non-functioning station hotel.
Earlier in 2021, plans were announced to open an international chain hotel on the site of the defunct hotel.
The four-star, 19-storey Odesa Hotel with a total area of 26.8 thousand square meters and 158 rooms was opened in 2001. It is located at the Odesa Sea Port on 6-a Primorskaya Street. The first operator of the hotel was the international hotel chain Kempinski Hotel Group.
In 2015, the Ukrainian government withdrew the hotel from the management of Premier Hotel Odesa LLC.
The number of passengers transported in Ukraine in January-June 2023 increased by 28.3% to 946.4 million compared to the first half of last year, while passenger traffic increased by 15.5% to 17.697 billion passenger-km, the State Statistics Service (Ukrstat) reported.
As with cargo, the dynamics of passenger transportation is growing over the months: in January, the decline was 34.1% in terms of number and 45.3% in terms of passenger traffic, while in the first four months, growth of 17.7% and 0.1% was recorded, respectively, and in the first five months, 27.5% and 11.1%.
The volume of cargo transported in Ukraine in January-June 2023 amounted to 149.7 million tons, down 12% year-on-year, the State Statistics Service (Ukrstat) reported.
According to the agency, cargo turnover for this period amounted to 79.182 billion tons, which is 14.3% less than in the first half of last year.
At the same time, the information shows that due to the effect of the comparison base, the gap with last year’s figures is decreasing every month: in January, it was 52.2% in terms of cargo volume and 33.4% in terms of cargo turnover, while in the first four months it was 22.8% and 22.6%, respectively.
The State Statistics Service reminds that the data excludes the territories temporarily occupied by Russia and part of the territories where hostilities are ongoing.
In January-August 2023, the volume of commercial output of Kyiv Cardboard and Paper Mill (Kyiv Pulp and Paper Mill, Obukhiv, Kyiv region), Ukraine’s industry leader in this indicator, amounted to UAH 4 billion 941.4 million, up 9% compared to the same period in 2022.
According to statistics provided by UkrPapir Association to Interfax-Ukraine, the plant’s production of corrugated boxes increased by 25.2% in volume terms, to 148.7 million square meters. Cardboard output increased by 10.4% to 111 thousand tons, driven by a 16.6% increase in containerboard production to 91 thousand tons, while boxboard production decreased by 11.2% to 20 thousand tons.
At the same time, according to UkrPapir, the output of the base paper for sanitary and hygiene products remains negative: in January-August, it decreased by almost 27% to 29 thousand tons, while the production of toilet paper in rolls decreased by 25.6% to 194.95 million units.
Despite the decline in toilet paper production, the plant maintains a strong leadership in its production in Ukraine. In total, in the first eight months of 2023, the country’s major enterprises produced 393.84 million rolls (down 2%).
According to the industry association’s data from the main industry enterprises, in January-August this year, Ukraine recorded a 10.2% increase in paper and cardboard production (up to 361.56 thousand tons) and an 18.3% increase in cardboard boxes (335.19 million square meters).
Kyiv Pulp and Paper Mill is one of Europe’s largest cardboard and paper products producers, employing over 2,500 people.
As reported, in 2022, the mill produced UAH 7 billion 432 million worth of products, which is 3.5% less than in 2021.
In August this year, Ukrainian steelmakers increased steel production by 64.5% year-on-year to 602 thousand tons from 366 thousand tons.
At the same time, Ukraine took 20th place in the ranking of 63 countries that are major global producers of this product, compiled by the World Steel Association (Worldsteel).
According to Worldsteel, in August 2023, half of the top ten countries, except for Japan, South Korea, Germany, Turkey and Vietnam, recorded an increase in steel production compared to August 2022.
The top ten steel producing countries in August are as follows: China (86.41 million tons, up 3.2% by August 2022), India (11.904 million tons, up 17.4%), Japan (7.146 million tons, down 2.9%), the United States (6.980 million tons, up 1.1%), and the Russian Federation (6.4 million tons, up 8.9%), South Korea (5.583 million tons, down 5.9%), Germany (2.844 million tons, down 1%), Turkey (2.756 million tons, down 2.9%), Brazil (2.719 million tons, down 5.9%) and Vietnam (1.6 million tons, down 0.1%).
Overall, in August this year, steel production increased by 2.2% year-on-year to 152.619 million tons.
For the first eight months of 2023, the top ten steel-producing countries are as follows: China (712.930 million tons, up 2.6%), India (92.209 million tons, up 10.5%), Japan (58.366 million tons, down 3.8%), the United States (53.830 million tons, down 1.9%), and the Russian Federation (50.796 million tons, up 3.9%), South Korea (44.969 million tons, down 2.3%), Germany (24.328 million tons, down 4.2%), Turkey (21.599 million tons, down 12.1%), Brazil (21.335 million tons, down 8.3%), and Iran (19.672 million tons, down 1.1%).
In total, 63 countries produced 1 billion 256.378 million tons of steel in January-August, up 0.2% compared to the same period in 2022.
At the same time, Ukraine produced 4.032 million tons of steel in the first eight months of 2023, which is 22.3% lower than in January-August 2022. The country ranks 23rd in the first eight months of 2023.
As reported, in 2022, the top ten steel-producing countries were as follows: China (1.013 billion tons, down 2.1%), India (124.720 million tons, up 5.5%), Japan (89.235 million tons, -7.4%), the United States (80.715 million tons, -5.9%), and the Russian Federation (71.5 million tons, -7.2%), South Korea (65.865 million tons, -6.5%), Germany (36.849 million tons, -8.4%), Turkey (35.134 million tons, -12.9%), Brazil (33.972 million tons, -5.8%) and Iran (30.593 million tons, +8%).
In 2022, Ukraine ranked 23rd with the production of 6.263 million tons of steel (minus 70.7%).
In total, 64 countries produced 1 billion 831.467 million tons of steel in 2022, which is 4.3% less than in 2021.
