Business news from Ukraine

Business news from Ukraine

Croatian Prime Minister Plenkovic assured of continued support for Ukraine

Croatian Prime Minister Andrej Plenkovic, during the opening of the Ukraine-Southeast Europe summit in Dubrovnik, assured continued support for Ukraine, which is suffering from Russian aggression.
“Today I want to focus on three points. The first is Croatia’s continued assistance to Ukraine, the second is the relations of Southeast European countries with Ukraine, and the third is why Ukraine, which is suffering from Russian aggression, matters to the world and how we behave in the international community,” he said during his opening remarks at the Ukraine – Southeast Europe summit in Dubrovnik on Wednesday.
Prime Minister pointed out that the total amount of aid to Croatia since February 2022 amounted to about 300 million euros. In addition, Croatia has received about 30 thousand Ukrainian refugees, as well as Ukrainian wounded soldiers, who are being rehabilitated in centers for veterans and specialized hospitals.
“In this context, President Zelenski and I signed an agreement on long-term cooperation and support between Croatia and Ukraine, which lays the foundation for our relations for many years to come, and its content is in line with what we believe we can best contribute,” Plenkovic emphasized.
According to him, “it is a natural reflex of Croatia, as a country that in the past survived aggression and war with much less international assistance, to stand today next to a country that defends the same values of freedom, democracy and peace.”
“We believe this is the right thing to do, and I am proud that today we are all gathered to reaffirm our joint support for Ukraine,” Plenkovic said.
The prime minister noted that Ukraine supported Croatia in 1991, becoming one of the first countries to recognize Croatia internationally, its independence, and provided the country with military equipment and weapons.
“Today Croatia supports Ukraine with equal strength and assistance,” Plenkovic emphasized.

 

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30% of officials “made mistakes” in their declarations, on average, by UAH 15 million

Every tenth declaration was subsequently corrected

1,246,435 declarations were filed by September 11, 2024, according to the National Agency for the Prevention of Corruption. The number of corrected documents has almost doubled compared to last year.

As of mid-September, the number of all declarations (1.2 million) is already 2.8 times higher than in the same period in 2023, when there were 445 thousand. More than 134 thousand, or 11% of the submitted declarations were subsequently corrected.

This year, the NACP has started verifying 734 declarations of officials. In half of them – 392 cases – the checks have already been completed.

Among the fully examined declarations, 46% contain violations totaling UAH 1,856.1 million. In general, all errors are related to incorrectly stated amounts in the declarations. The difference is in the amount of inaccuracies: the amounts were less or more than 500 subsistence minimums.

In 30% of all audited declarations, the data totaling UAH 1,808.7 million were incorrect (Article 366-2 of the Criminal Code). On average, officials “made a mistake” in each such declaration by UAH 15.2 million.

In another 16% of the audited declarations, officials made mistakes, on average, by UAH 790 thousand per declaration (part 4 of Article 172-5 of the Code of Administrative Offenses). In total, such errors amounted to UAH 47.3 million.

The amount of errors was less than UAH 268 thousand or up to 100 subsistence minimums in every second audited declaration.

Only 1 declaration out of all those checked had no violations.

In some cases, the declarations violated 2 articles at once. 7 declarations also have signs of illicit enrichment totaling UAH 146.3 million (Article 368-5 of the Criminal Code). In another 8 documents, officials could not explain the origin of money in the amount of UAH 30.1 million (Article 290 of the Civil Procedure Code).

https://opendatabot.ua/analytics/fault-declaration-2024

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IC “Express Insurance” increased payments by 61.6%

In January-September 2024, Express Insurance (Kyiv) made payments in the amount of UAH 379.2 million, which is 61.6% or UAH 143.8 million more than in the same period of 2023, according to the insurer’s website.
In particular, payments for hull insurance amounted to UAH 319 million (+55.5%), for MTPL – UAH 49.8 million (2.3 times more), for voluntary health insurance – UAH 4.5 million (-11.1%), payments under other insurance contracts – UAH 5.9 million (+65.2%).
At the same time, the company reports that in September 2024, payments to customers amounted to UAH 39 million (+35.9%) more than in September 2023. In particular, the company paid UAH 31.6 million (+28.9%) under hull insurance contracts and UAH 5.5 million (+58.4%) under MTPL contracts.
Express Insurance ALC was founded in 2008 and is part of the UkrAVTO group of companies. The company specializes in motor insurance. The consistently high speed of claims settlement in the IC is ensured by optimal interaction with partner service stations.
Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.

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DTEK to build 20 MW energy storage facility in Bohuslav

At the end of September, Bohuslav City Council authorized DTEK Kyiv Regional Grids to lease a 0.5 hectare plot of land for the construction of a 20 MW energy storage facility.

According to a post on the website of the Bohuslav city community, the purpose of the construction is to enable automatic frequency regulation in the integrated power system of Ukraine to avoid the introduction of emergency outage schedules for consumers.

The construction of the storage system will help reduce fluctuations and emergency outages and the likelihood of system accidents.

“We ask citizens who were engaged in gardening in this area to vacate the land plots after harvesting,” the statement said.

As reported, DTEK will build energy storage facilities in Ukraine with a total capacity of 200 MW, and investments in the project will amount to EUR140 million. The batteries will be commissioned in a number of regions of the country no later than September 2025.

“DTEK is also a participant in the construction of the first large-scale electricity storage project in Poland. The goal is to create a pan-European energy system designed to unite Ukraine and the EU.

“DTEK was established in 2005 to manage the energy assets of Rinat Akhmetov’s System Capital Management (SCM, Donetsk). The corporation has been delegated the functions of strategic management of the group’s enterprises, which make up a vertically integrated chain of coal mining and enrichment, electricity generation and sales.

The energy holding strives to transform into a more efficient, environmentally friendly and technologically advanced business, guided by ESG principles. The group plans to achieve carbon neutrality by 2040.

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PrivatBank has put up for sale shopping center “Priozerny” for UAH 353 mln

For the third time, PrivatBank has put up for auction on the Openmarket electronic platform (SE SETAM of the Ministry of Justice of Ukraine) the Priozerny shopping center in Dnipro for UAH 352.7 million (including VAT).
According to the press service of SETAM, the lot includes a six-story shopping center with an area of 32.4 thousand square meters and 12 land plots.
The winning bidder is also obliged to purchase fixed assets worth UAH 2.2 million.
Built in 2009, Priozerny shopping center is located in the city center near the Central Market and the railway station. The facility includes shopping galleries, office and warehouse space, entertainment and sports areas. The shopping center’s infrastructure includes an underground parking lot for 100 cars and a surface parking lot for 40 cars.
The auction is scheduled for October 16. The guarantee fee is UAH 17.6 million.
As reported, in April 2024, the Supreme Court finally confirmed PrivatBank’s ownership of the Priozerny shopping center, upholding the decisions of the courts of first and appellate instances on the legality of the acquisition of ownership of the facility and dismissing the cassation appeal of Mission-1, which the bank associates with its former owners.
Earlier in 2016, PrivatBank acquired ownership of the shopping center as a loan repayment, at which time its value was over UAH 778 million.
In 2021, the former owner of Priozerny, Mission-1 LLC, filed a lawsuit to challenge the state bank’s ownership of the shopping center and return it to its ownership.
The Commercial Court of Dnipropetrovska oblast dismissed the company’s claim, and later, PrivatBank defended the legitimacy of its ownership of the shopping center in the Central Commercial Court of Appeal (Dnipro).

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Demand for buses in Ukraine increased by 14% – Ukravtoprom

Initial registrations of new and used buses (including minibuses) in Ukraine in September 2024 increased by 14% compared to September 2023, to 247 units, Ukravtoprom reported in its telegram channel.
At the same time, the share of new buses, as in the previous year, amounted to 63% (155 units), which is 10 percentage points more than in August this year.
“Ukravtoprom notes that compared to August of this year, when 161 buses were registered, the demand for them increased by 53%.
The leader in the top three most frequently registered new buses in September was Etalon produced by Chernihiv Automobile Plant with 60 vehicles registered, up 76% or 24 buses from last September, when it was ranked second.
Ataman buses, which were in the lead in September 2023 and August 2024, took second place with 37 units registered against 56 units a year earlier.
ZAZ buses took the third position – 24 units, which in September 2023 were also third with 17 vehicles, and in August this year they took the sixth place in the ranking with three buses.
The top three leaders in September among used buses are: Mercedes-Benz – 31 units, Volkswagen – 16 units and MAN – 9 units.
According to the association, in January-September, a total of 1415 buses were added to the Ukrainian bus fleet (-29% compared to the same period in 2023). Of these, 803 units were new (-35%); 612 units were used (-19%).
In Ukraine, buses are produced by Cherkasy Bus, Chernihiv Automobile Plant of Etalon Corporation, Zaporizhzhia Automobile Plant of UkrAuto Group, and Bas Motor LLC (Bogdan buses), but their main range is school buses purchased by regions under the School Bus state program.