Business news from Ukraine

Business news from Ukraine

“TAS Agro” harvested record winter wheat crop

TAS Agro has completed harvesting winter crops and threshed about 24 thousand hectares of wheat and rapeseed, with a winter wheat yield of 6.3 t/ha, a record high for the agricultural holding’s history, the company’s press service reports on Facebook.
“The harvest of early grain crops was completed quite successfully, despite the difficulties and additional risk factors that accompanied farmers this year. Early spring, abnormal heat in June and July, and power cuts had virtually no impact on our businesses due to the introduction of advanced technologies, upgraded equipment and employee responsibility. We managed to implement an effective strategy for the entire range of agrotechnical operations, harvested the grain in the best possible time and also produced a record winter wheat crop. The Northern cluster became the leader in the company in terms of yield of this crop with 7 tons per hectare,” said Oleg Zapletnyuk, CEO of TAS Agro.
The agroholding specified that in 2024, the company will use its own equipment, which was updated during the year, to the maximum extent possible. Only combine harvesters were rented due to economic feasibility. Along with the harvesting campaign, we worked on organizing logistics and marketing of the harvested crop. Currently, the grain is accepted at pre-prepared elevator facilities.
TAS Group was founded in 1998. Its business interests include the financial sector (banking and insurance) and pharmacy, as well as industry, real estate, and venture capital projects.
Before the war, TAS Agro Group cultivated 83 thousand hectares in Vinnytsia, Kyiv, Kirovohrad, Chernihiv, Mykolaiv, Sumy, Kherson, and Dnipro regions, where it grows soybeans, sunflower, rapeseed, wheat, barley, and corn. In addition, the agricultural holding is engaged in dairy farming (up to 5.5 thousand heads of cattle) and owns six elevators with a simultaneous storage capacity of 250 thousand tons.
The founder of TAS is Sergey Tigipko.

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Olga Harlan wins first medal for Ukraine’s national team at Olympics

Ukrainian sabre fencer Olha Harlan won a bronze medal at the 2024 Paris Olympics in a duel against Korean Choi Sibin, thus winning the first medal for the Ukrainian national team in the unofficial medal standings.
The match on Monday began with Harlan’s attacks, but the Korean seized the initiative and finished the first match with a score of 8:3, bringing it to 11:5 in the second match, but Harlan regained the initiative and held a series of seven successful shots in a row, bringing the score to 12:11. However, the Korean scored two successful touches to level the score at 13-13. The final two attacks were left to the Ukrainian, and the match ended with a score of 15:14.
For Olga Harlan, this is the fifth Olympic award in her career.

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International macrofinancial assistance to Ukraine (forecast to 2025 in billion USD)

International macrofinancial assistance to Ukraine (forecast to 2025 in billion USD)

Source: Open4Business.com.ua

Number of dead and wounded civilians in Ukraine from 24.02.2022 till 02.05.2024 un data

Number of dead and wounded civilians in Ukraine from 24.02.2022 till 02.05.2024 un data

Source: Open4Business.com.ua

Quotes of interbank currency market of Ukraine (UAH for 1 pln, in 01.05.2024-31.05.2024)

Quotes of interbank currency market of Ukraine (UAH for 1 pln, in 01.05.2024-31.05.2024)

Source: Open4Business.com.ua

IC ARX has re-elected management of its Kiev company for five-year term

The Supervisory Board of the insurance company ARX (Kiev) on July 28 re-elected the head of the board of the company Andriy Peretyazhko, first deputy head Maxim Mezhebitsky and deputy head of the board Vyacheslav Gavrilenko for a new term of five years, according to the information disclosure system of the National Commission on Securities and Stock Market.

In January-March 2024, the company collected gross insurance premiums of UAH 946.5 million, which is 21.08% more than in the same period a year earlier, net premiums increased by 20.46% to UAH 919.405 million, net earned insurance premiums – by 26.46% to UAH 934.380 million.

The volume of insurance payments made by the insurer, for the first quarter of 2024 has grown by 42,08% – up to UAH 431,185 mln. Thus, the level of payouts has grown by 6,73 p.p. – to 45,56%.

IC ARX is a part of the international Canadian insurance group Fairfax Financial Holdings, working in the Ukrainian market for 26 years, 11 of which under the brand AXA Insurance.

 

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