Business news from Ukraine

UKRAINIAN NOTARIES IN 2020 CERTIFIED 217,810 CONTRACTS FOR LAND PLOTS SALE

Ukrainian state and private notaries in 2020 certified 217,810 contracts for the sale of land plots, which is 27.8% more than in 2019.
As reported on the website of the Ukrainian Agrarian Association, an increase in the number of contracts provoked the adoption on March 31, 2020 of a law on the conditions for the turnover of agricultural land, although this law will come into force only on July 1, 2021.
According to the association, in the fourth quarter of last year, almost 75,000 sale contracts were certified, while in the third – about 60,000, and in the second – about 45,000.
As the association said, a similar situation is with donation agreements, the total number of which in the past year, according to notaries, increased by 9.6%, to 55,980 and in the fourth quarter the number was close to 20,000.
The association said that in 2019 the number of contracts for the purchase and sale of land plots increased by 12.9%, and in 2018 – by only 1.2%, donation contracts – decreased by 1.1% (in 2018 it increased by 3.1%).
As reported, at the first stage of the law on the turnover of agricultural land – until December 31, 2023 – it will be allowed to sell land plots only to citizens of Ukraine in the amount of no more than 100 hectares per person, as well as exclusion for public needs and exchange of land plots with a difference of the normative monetary evaluation of no more than 10%.

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DURING VISIT OF FRENCH PRESIDENT EMMANUEL MACRON TO UKRAINE MAJOR CONTRACTS MAY BE SIGNED

During the visit of French President Emmanuel Macron to Ukraine, several major contracts may be signed, in particular, an important contract with Alstom for the supply of electric locomotives, Ukrainian Ambassador to France Vadym Omelchenko has said.
“President Macron’s visit to Ukraine is, definitely, planned. We are working on this every day, first of all, on the substantial filling of the agenda of this visit,” Omelchenko said at the online conference titled “Seven years after the Maidan” on Monday. The ambassador believes several major contracts will be signed during the visit of the French President to Ukraine.
“This is, first of all, the major contract with Alstom and the Ukrainian government for the supply of electric locomotives, which also provides for local content in Ukraine. We also hope that we will have time to learn the issue of expanding cooperation with Alstom on the construction of high-speed railway tracks between Kyiv and Lviv, Kyiv and Odesa,” Omelchenko said.
It is also planned to sign contracts for the construction of drinking water stations.
“Such a station has already been constructed in Mariupol, it is tens of millions of euros, and we hope that such construction will also start in Kyiv and Luhansk,” the diplomat said.
Earlier, Head of Ukrzaliznytsia Volodymyr Zhmak said Ukrzaliznytsia has very outdated tracks and needs to be updated strategically. At this stage, according to him, Ukrzaliznytsya is interested in 50 two-system electric locomotives capable of transporting from 5,500 to 6,000 tonnes of cargo.

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NUMBER OF GREEN CARD INSURANCE CONTRACTS IN UKRAINE 21% UP IN 2020

The number of Green Card international insurance contracts signed by the member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 21.72% in January-February 2020 compared to the same period in 2019, to more than 59,536.
According to the MTIBU’s website, the amount of accrued insurance premiums for the indicated period decreased by 10.93% compared to the same period last year, to UAH 271 million.
At the same time, the amount of compensation paid on claims increased by 2.1 times, to EUR 2.704 million, while the number of claims paid by 87.7%, to 1,115.
The MTIBU is the only association of insurers that carry out compulsory insurance of vehicle owners’ civil liability for harm caused to third parties.

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1.030 MLN ELECTRONIC OSAGO INSURANCE CONTRACTS SIGNED IN UKRAINE

Insurance companies that are members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) as of October 31, 2019 had signed almost 1.030 million electronic OSAGO insurance contracts, the website of the bureau reports. According to the report, the total amount of premiums under such agreements exceeded UAH 757.3 million.
To date, OSAGO agreements in an electronic form are signed by 42 MTIBU member insurers.
Monthly, the number of electronic contracts is growing by 12-28%.
The leader in the number of electronic contracts is PZU Ukraine with 175,500 contracts worth UAH 147.8 million.
The share of top ten insurers in the number of signed electronic contracts in the total number of electronic policies is almost 74%, which is 6% less than the same indicator at the end of the first half of this year.
Electronic policies were introduced in February 2018 and became one of the first steps in the system of digitalization and the creation of a single digital OSAGO environment, which is defined as one of the priorities for the development of the industry and the work of the bureau.

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CONTRACTS WORTH $500 MLN SIGNED BETWEEN UKRAINE AND BELARUS

Ukrainian President Volodymyr Zelensky has hailed the strengthening of Ukraine-Belarus relations at both central and regional levels, as well as that of ties between certain businesses in the two counties.
“A forum like this strengthens the partnership between our countries in all spheres. And, which is highly important, this is not only at the level of capitals – Kyiv and Minsk – but also at the level of our regions and individual businesses,” Zelensky said at the 2nd Forum of Regions of Ukraine and Belarus in Ukraine’s Zhytomyr on Friday.
Commercial contracts valued at $500 million have been signed during the forum, he said.

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NUMBER OF GREEN CARD INTERNATIONAL INSURANCE CONTRACTS IN UKRAINE UP BY 48% IN H1, 2019

The number of Green Card international insurance contracts signed by the member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 48.2% in January-June 2019 compared with January-June 2018, to 501,449.
According to the MTIBU’s website, the amount of accrued insurance premiums for this period rose by 37.53% compared to the same period last year, to UAH 883.538 million.
At the same time, the amount of compensation paid on claims grew by 14.88%, to EUR 6.869 million, while the number of claims paid decreased by 2.26%, to 2,550.
The MTIBU is the only association of insurers that carry out compulsory insurance of vehicle owners’ civil liability for damage caused to third parties. Its members are 51 insurance companies, including ten full bureau members having the right to sign Green Card agreements.

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