Business news from Ukraine

Business news from Ukraine

Duration of power outage in Kyiv and region will be about 2 hours

By order of the chief dispatcher of NPC Ukrenergo, power supply to some industrial enterprises and household consumers was temporarily limited in Kyiv and the Kyiv region, the duration of the outages will be about two hours, DTEK Grids said.

“In order to maintain the integrity of the energy system, NPC Ukrenergo has decided to temporarily limit power supply in Kyiv and the region. With this order, Ukrenergo turned to DTEK Kyiv Electric Grids and DTEK Kyiv Regional Electric Grids,” DTEK Grids said in a release.

The outages are expected to last around two hours to balance the country’s power grid, according to the release.

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Prime Minister of Ukraine: On October 10, at 11:00, 11 important infrastructure facilities were damaged in 8 regions and Kyiv

Prime Minister Denys Shmyhal says that as of 11:00 am, 11 important infrastructure facilities in 8 regions and Kyiv have been damaged. The prime minister noted that the main goal of Russia is to sow panic, scare, leave Ukrainians without light and heat.

“All services are working on the ground, we are promptly restoring our infrastructure. We will do everything to restore all facilities as quickly as possible. Thanks to our rescuers and doctors who are now saving people’s lives in the epicenters of shelling. Thanks to our power engineers who are resuming the power supply of cities under shelling” he wrote.

Shmyhal also said that the air defense managed to shoot down more than 40 missiles out of 70.

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Tourist tax in Kyiv increased to UAH 47.3 million

Tourist tax in Kyiv for January-September 2022 amounted to UAH 47 million 360.9 thousand.

As Oleksandr Prokopenko, Deputy Director of the Department of Finance of the Kyiv City State Administration, told Interfax-Ukraine, for the same period in 2021, the tourist tax in the capital amounted to UAH 31 million 411.7 thousand. Thus, he noted, despite the war in the country, this figure is growing.

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Head of US Agency for International Development arrived in Kyiv

Head of the United States Agency for International Development (USAID) Samantha Power has arrived in Kyiv.

“I just arrived in Kyiv, Ukraine. This is a critical moment for the Ukrainian people as they defend their freedom from brutal attacks, liberate occupied lands, prepare for winter, and strengthen democratic institutions and the rule of law. USAID now and always stands with Ukraine,” Power wrote on Twitter.

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In Kyiv and almost in all other regions of Ukraine on October 2-3, rains and thunderstorms

In Ukraine on Sunday, it is expected to rain at times, at night in the western and northern regions, in the daytime on the Left Bank (except Luhansk region), in some places significant rain, in some places a thunderstorm, reports Ukrhydrometeorological center.

South wind with transition to northwest, 7-12 m/s, gusts of 15-20 m/s in the daytime on the Right Bank.

Temperature at night 9-14 °, in the daytime 13-18 ° (in the highlands of the Carpathians during the day 4-9 °); in the southern part and eastern regions at night 12-17 °, in the daytime 18-23 °, in the Crimea up to 26 °.

In Kyiv on October 2, it sometimes rains. South wind with transition to northwest, 7-12 m/s, daytime gusts of 15-20 m/s.

The temperature at night is 10-12°, during the day about 15°.

According to the Central Geophysical Observatory. Boris Sreznevsky in Kyiv on October 2, the highest temperature during the day was 26.2 ° in 1890, the lowest at night -2.5 ° in 1902.

On Monday, October 3, at times light rain, at night in most of the southern and central regions without precipitation.

Northwest wind with transition to southwest, 7-12 m/s, in Ukraine, except for the southern part, gusts of 15-20 m/s in places.

Temperature at night 3-8° warm, daytime 8-13°; in the southern and eastern parts at night 7-12 °.

In Kyiv on October 3 at night in some places, during the day light rains everywhere.

Wind northwest with transition to southwest, 7-12 m/s, gusts of 15-20 m/s in places.

Temperature at night 6-8° warm, daytime 11-13°.

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The National Bank canceled the licenses of two Kyiv insurance companies

On September 29, 2022, the National Bank of Ukraine applied to PJSC Ukrainian Industrial Insurance Company and ALC Nadiya Insurance Company (both Kyiv) measures in the form of license cancellation, according to the website of the regulator.

The reason for this decision was the repeated violation of license conditions and once again failure to provide information at the request of the regulator. Namely, observance of mandatory monetary standards, overdue obligations under concluded insurance contracts, cases of violation of the deadlines for the settlement of declared events that have signs of insurance (the composition of the reserve for claimed but not paid losses).

“Consequently, for a long time after the start of the Russian aggression, insurers did not take measures to establish operational activities and accounting. This makes it impossible to carry out full-fledged insurance activities,” the report says.

Decisions to cancel licenses come into force on September 30, 2022.

As reported on August 12, 2022, a measure of influence was applied to these insurers in the form of a temporary suspension of licenses.

Insurers, to which the National Bank has applied enforcement measures, operate in the non-life segment.

PJSC “Ukrainian Industrial Insurance Company” does not provide reports to the National Bank, starting from the reporting for 2021.

ALC IC “Nadiya” does not provide reporting, starting with the reporting for the 1st quarter of 2022.

Based on the results of 2021, IC Nadiya received UAH 3 million in insurance premiums and made UAH 3.1 million in insurance payments. At the same time, the company did not enter into insurance contracts with individuals. The company’s market share based on the results of 2021 is 0.006%. The insurer informed the National Bank of the temporary cessation of insurance activities after the start of the military aggression of the Russian Federation.

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