TAS Insurance Group (Kyiv) has collected UAH 275.8 mln of insurance payments in May 2023, which is 62.2% more than the company’s revenues in the same period of 2022.
According to the message on the insurer’s web-site, UAH 55,24 m of premiums have been attracted due to hull insurance contracts, which makes up 20,03% of the total monthly payments of the company and exceeds the specified indicator for May 2022 by 82%.
The proceeds from MTPL insurance increased by 46.9% up to UAH 96.89 mln, or 35.13% of the total May premiums.
The part of “Green Card” in company’s portfolio was 19.9%, or UAH 54.89mln, which is 37.9% more than in May of the last year.
At the same time, the company collected UAH 15,74 mln of payments according to voluntary health insurance contracts during the reporting period, and UAH 4,69 mln – to property insurance contracts, which is 72,4% more than the corresponding index for the last month of spring 2022.
The amount of receipts of TAS IG on other insurance contracts has reached UAH 48,35 mln according to the results of May.
Minister of Agriculture and Rural Development of Romania Florin Barbu intends to ask the European Commission to extend restrictions on imports of agricultural products from Ukraine until the end of the year and expand the list of banned for the import of agricultural products.
“The ban is valid until September 15. I will hold a discussion with my colleagues from other countries, and we will ask for an extension until December 31. In addition to rapeseed, wheat, corn, sunflower, I will try to add up to 10 more products,” Euractiv quoted Barbu as saying in the Romanian Parliament on Wednesday.
He said the list of import bans could include honey and meat, as well as “other Romanian priorities so that farmers can sell local products.”
As reported, the EU ban on imports of wheat, corn, rapeseed and sunflowers from Ukraine came into force on May 2 and replaced unilateral decisions to ban imports by countries bordering Ukraine, particularly Poland, Bulgaria, Hungary and Slovakia, in violation of the Association Agreement and EU internal regulations as of April 28.
As noted by the EU, Bulgaria, Hungary, Poland and Slovakia undertook to cancel unilateral measures on these and all other types of agricultural products originating from Ukraine, as well as to allow free transit.
On June 5, the European Commission extended until September 15 restrictions on imports of wheat, corn, rapeseed and sunflower seeds from Ukraine to Bulgaria, Hungary, Poland, Romania and Slovakia, considering that the problems provoked by such imports have not yet been overcome. The new regulations do not allow these grains and oilseeds to be supplied to the markets of these countries under contracts concluded before May 2.
Romania was the only one of the five frontline countries that did not impose a ban on imports of Ukrainian agricultural products before the official decision of the European Commission.
JSC “Ukrzaliznytsia” (UZ) in January-May this year carried in communication with the European Union 2.3 times more passengers (786 thousand) compared to the same period of 2022, reported the press service of UZ in Telegram-channel.
In addition, for five months carried 6.4% more passengers than for the same periods of 2016-2019, when in communication with the EU and back by rail was carried a total of 735 thousand people, calculated in the press service.
“In 5 months of 2023, Ukrzaliznytsia carried more passengers in communication with the EU than in the same period cumulatively during the previous four (dokovidnye) years,” said in the message of UZ on Wednesday.
It is specified that in the five months of 2016 was carried 19.8 thousand passengers, 2017 – 98.2 thousand, 2018 – 230.4 thousand, 2019 – 387.2 thousand, 2020 – 171.7 thousand people. Data for January-May 2021 are not given, but in 2022 during this period UZ carried 341.6 thousand passengers in the EU.
The Company notes that there is a clear trend of Ukrainians returning home: the number of people who have left the country since the beginning of 2023 is 369 thousand, and in the opposite direction – to Ukraine – 417 thousand people.
In the UZ also clarified that if in 2016 in communication with the EU were only 8 trains, now their number has increased to 27, of which 15 formed “Ukrzaliznytsia”, and the rest – foreign carriers.
The company recalled that given the increase in demand since last year due to the full-scale invasion of Russia, UZ is expanding connections with other countries, in particular launched seven new trains: № 19/20, № 23/24 “Kiev-Khelm”, № 32/31 “Zaporozhye-Permyshl”, № 53/54, № 89/90 “Kiev-Permyshl”, № 73/74 “Kharkiv-Permyshl” and № 93/94 “Kharkiv-Khelm”.
Ukraine’s exports by world region in 2022
Source: Open4Business.com.ua and experts.news
Lithuania together with Great Britain, Norway, the Netherlands, Denmark, Sweden and Iceland took part in the purchase of air defense equipment for Ukraine worth a total of EUR 107.5 million, the Lithuanian Ministry of National Defense said on its website.
“Lithuania constantly finds various ways to support Ukraine. The air defense assets purchased by seven countries will strengthen Ukraine’s ability to protect critical infrastructure, civilians and soldiers,” National Defense Minister Arvydas Anušauskas said.
According to the ministry, Lithuania’s contribution to this purchase will amount to EUR 6 million.
The Lithuanian Defense Ministry notes that the purchase of air defense equipment for Ukraine is the first of five planned support packages in the second round of purchases by the International Fund for Ukraine (IFU). At the first stage, the IFU is buying combat and reconnaissance drones, which will arrive in Ukraine as early as this summer.
The UK, which manages the IFU, has pledged an additional EUR292m to the fund in the near future.
Oil prices are falling Thursday on data about a significant increase in U.S. inventories and signals that the Federal Reserve (Fed) has not yet ended its cycle of monetary policy tightening, despite a break in the rate hike at its June meeting.
The U.S. central bank kept rates in the 5-5.25 percent annual range at the end of Wednesday’s two-day meeting. Median forecasts from Fed policymakers suggest the rate will be 5.6% by the end of 2023 and 4.6% by the end of 2024.
August Brent crude futures on London’s ICE Futures exchange are at $73.01 a barrel by 8:05 a.m. Thursday, down $0.19 (0.26%) from the previous session’s closing price. Those contracts fell $1.09 (1.5%) to $73.2 a barrel on Wednesday.
The price of WTI futures for July oil fell by $0.17 (0.25 percent) to $68.1 per barrel at electronic auctions of New York Mercantile Exchange (NYMEX) by that time. The contract value fell by $1.15 (1.7%) to $68.27 per barrel at the end of previous session.
The pressure on the market caused by an increase in stocks is exacerbated by risks of weakening demand as a result of Federal Reserve policies, said Mizuho Bank Ltd. Vishnu Varathan, cited by Market Watch.
U.S. commercial oil inventories rose 7.92 million barrels to 467.12 million last week, the Energy Department said Wednesday. Commodity gasoline reserves rose 2.11 million barrels and distillates rose 2.12 million barrels.
Stocks at the Cushing terminal, where Nymex-traded crude is stored, rose by 1.5 million barrels last week, to a two-year high.
