Ukrainian athletes have received 124 licenses to participate in the 2024 Olympic Games in Paris (France), said Vadym Gutzeit, president of the National Olympic Committee of Ukraine (NOC).
“As of today, we have 124 licenses in total. These are 140 sportsmen and women who will participate in the Olympic Games. We have completed the selection for the Olympic Games, Ukraine finally has 124 licenses,” Gutzeit said at a press conference in Kyiv on Tuesday.
According to him, on July 8, the NOC has already submitted an application to the International Olympic Committee (IOC) for the team composition.
The head of the NOC said that Ukraine will be represented at the Olympics in almost all sports, except for the games.
At the same time, he emphasized that for the first time since the country’s independence, the Ukrainian national football team qualified for the Olympics.
As reported, the Summer Olympics in Paris will be held from July 26 to August 11.
On June 17, the National Bank of Ukraine (NBU) has agreed with MetLife PJSC, specializing in life insurance, to expand the scope of the license for direct insurance and incoming reinsurance.
According to the regulator’s website, the company has received the right to carry out insurance in the classes of accident insurance (including industrial injury and occupational disease) and sickness insurance (including health insurance).
The message also underlines that taking into account this extension the license of PJSC “MetLife” is considered to be reissued.
According to the statements of PJSC “MetLife”, the volume of insurance premiums of the company in the specified period amounted to UAH 2,489 billion, insurance reserves – UAH 6,186 billion.
For 2023 the insurer has paid out insurance indemnities in the amount of UAH 516,6 mln.
The share of the company by the volume of insurance reserves in the life insurance market is 31,3%.
Private JSC “MetLife” is a part of the leading world corporation MetLife. The company has been operating in Ukraine since 2002. The main lines of business are accumulative life insurance, accident and critical illness insurance, corporate insurance and bancassurance.
The National Bank of Ukraine has decided to apply to PJSC Insurance Company Salamandra (Kiev) a measure of influence in the form of revocation of all licenses, according to the regulator’s website.
Also, in compliance with the requirements of the law “On Insurance”, in connection with the presence of the company’s obligations under insurance (reinsurance, coinsurance) contracts on May 14, 2024 decided to appoint a temporary administration in PJSC “IC “Salamandra” and removal of the governing bodies from the management of the company.
These decisions have been taken according to the results of planned inspection, conducted in October-December 2023, during which it was established the fact of realization by IC of risk activity, threatening the interests of creditors and insurers, namely formation of insurance reserves in insufficient amount (more than 10% of their sufficient amount, determined by the legislation of Ukraine) three times during the calendar year.
The decision on application of the measure of influence came into force on May 14, 2024.
After taking this decision, the temporary administrator should immediately begin to fulfill his duties, is noted in the message.
IC “Salamandra” (formerly – “DIM Insurance”) is part of the eponymous non-banking financial group, the ultimate beneficiary and owner of which is Yuri Yavtushenko.
IC Salamandra is a member of the Motor (Transport) Insurance Bureau of Ukraine.
The Cabinet of Ministers has approved the form of the declaration of compliance of the material and technical base of small distillers with the requirements of the law and determined the procedure for its submission and registration.
The relevant Resolution No. 56 of January 19, 2024 was published on the website of the Ministry of Agrarian Policy and Food.
According to the document, small distillers will be able to submit a declaration of compliance of the material and technical base with the legal requirements to the territorial bodies of the State Service of Ukraine for Food Safety and Consumer Protection. Instead of the production certificate, they will be able to use the declaration of compliance of the material and technical base registered by the State Service of Ukraine on Food Safety and Consumer Protection to obtain licenses for the production of alcohol distillates and alcoholic beverages, which will greatly simplify this procedure.
It is expected that the adopted innovations will ensure the development of the market for alcohol distillates and alcoholic beverages, stimulate the development and legalization of small businesses, and contribute to the creation of new jobs, particularly in rural areas.
Earlier, Interfax-Ukraine news agency held a press conference to support the new industry, for more details, please follow the link
On September 7, the National Bank of Ukraine (NBU) revoked the licenses of Gestalt Group Insurance Company and INTO Insurance Company (both based in Kyiv) to conduct financial services business.
According to the regulator’s website, the decision was made with respect to Gestalt Group due to the fact that the insurer’s ownership structure does not meet the requirements of Ukrainian legislation, and with respect to INTO for failure to comply with the National Bank’s decisions to eliminate violations of license conditions.
According to the latest financial statements submitted by Gestalt Group Insurance Company, as of June 30, 2023, the company’s insurance premiums amounted to UAH 5,971 million, assets amounted to UAH 81,642 million, and insurance reserves amounted to UAH 1,952 million. The company’s market share in terms of insurance premiums amounted to 0.03%.
According to the latest reports submitted by INTO Insurance Company, the volume of insurance premiums amounted to UAH 28.767 million, the value of assets – UAH 139.178 million, insurance reserves – UAH 18.028 million. The company’s market share in terms of insurance premiums amounted to -0.2%.
The NBU emphasizes that the decisions come into force on September 8. In the event of license revocation, a financial services representative must fulfill its obligations under contracts with clients for the type of financial services specified in the decision, concluded before the date of entry into force of the decision to revoke the license.
The National Bank of Ukraine (NBU) has revoked the licenses of Financial Company No. 1 LLC, which ranked 97th in terms of market revenue in the first half of this year.
“The said financial company does not comply with the legal requirements for maintaining the minimum amount of equity capital. This negatively affects its real and potential financial capabilities, in particular, the level of liquidity, solvency, financial stability, and working capital (equity),” the regulator explained its actions on its website.
According to the NBU, the decision was made by the Committee for Supervision and Regulation of Non-Banking Financial Services Markets on August 28 and came into force on August 29.
According to the NBU, Financial Company No. 1 finished the first half of this year with revenues of UAH 14.9 million and a net loss of UAH 7.96 million.
In terms of labor costs (UAH 1.23 million), FC “No. 1” was 87th in the market in the first half of the year, and 403rd in terms of assets (UAH 15.1 million).
According to OpenDataBot, Financial Company No. 1 LLC was founded in August 2013 by Andriy Stepanenko, co-owner of four IT-related companies (IT Nonstop, Finayti, IT Finance, 24. IT) with a registered capital of UAH 8 million.
