Oleksandr Buryak and Serhiy Buryak each became owners of 25% shares in PJSC Brokbiznes Insurance Company (Kyiv), according to information posted in the database of the National Securities and Stock Market Commission.
In addition, it is noted that Sergei Buryak did not previously own shares of the company, Alexander Buryak was the owner of 0.002723%.
As reported, IC Brokbusiness has been operating on the Ukrainian insurance market for more than 25 years and is represented in all regions of Ukraine. The insurer has 39 licenses for voluntary and compulsory types of insurance.
In January-June 2022, the company collected UAH 120.14 million in gross premiums, which is 3.46% more than in the same period a year earlier, made insurance payments and indemnities for UAH 29.56 million, which is 33.16% less than for the same period in 2021, and the level of payments decreased by 13.48 p.p. and amounted to 24.61%.
The equity capital of the company as of June 30 increased by 48.29% – up to UAH 135.85 million, while its gross liabilities decreased by 13.07% and amounted to UAH 121.25 million. As a result, there was an increase in the level of coverage of the insurer’s obligations by equity capital by 46.36 percentage points. Therefore, as of the beginning of the second half of 2022, equity covered 112.04% of the company’s liabilities. The volume of cash and cash equivalents amounted to UAH 117.99 million, an increase of 17.15%.
According to the results of the first half of 2022, compared to the first half of 2021, the insurer’s operating profit increased 14 times – to UAH 46.22 million, and its net profit increased almost 29 times – to UAH 44.53 million.
Due to lockdown restrictions in April-May 2020, some 55% of car owners reduced the number of trips made with a privately owned car, while 26% of respondents reduced the number of trips by more than 40%, according to the results of a sociological survey conducted by Factum Group on demand of A-95 Consulting Group, the group said in a press release.
In addition, Factum Group conducted the sociological survey in three stages, namely, at the end of March, when lockdown restrictions were the strictest, in April and May, when the population’s activity began to increase sharply.
At the beginning of the survey, the number of respondents who reduced fuel consumption by personal vehicles was 46.4%, this figure increased to 55% in May.
A fifth of the car owners surveyed said that lockdown did not affect the intensity of personal vehicles’ use. However, some 24% of respondents, on the contrary, increased the number of trips for that period.
According to the results of the Factum Group survey, more than half of the respondents positively evaluated the safety measures taken by filling station’s operators during lockdown.
In addition, Factum Group studied consumer sentiment, according to which the price remains the key criterion for choosing filling stations for 44% of car owners. About a third of the respondents are ready to change the usual operator of fuel station in case of a difference in price from UAH 3 to UAH 5 per a liter. A quarter of respondents value the brand of the filling station chain and its reputation the most.
According to the analysts of the A-95 Consulting Group, the price gap that has developed between different filling station chains, largely redistributed sales.”Lockdown in Ukraine has strengthened the polarization of petroleum products consumers, namely, already 44% of car owners are ready to change the usual filling station to cheaper one, while traditionally this figure does not exceed 30%. According to our data, the filling station chains, which are discount stations lost less the volume of sales compared to brand chains with high price positions,” the group said in the press release, citing analyst at A-95 Consulting Group Artem Kuyun.
As a result of the next wave of privatization, investors who are ready to invest in their development of Ukrainian companies should become their new owners, EBRD Managing Director for Eastern Europe and the Caucasus Francis Malige is convinced.
Our task is to organize privatization in such a way that a real investor who will invest money will come, we need to prepare this process, he told Interfax-Ukraine.
On the one hand, it is unacceptable that sometimes this process takes so much time, but on the other hand – I would not want to see that the new owners of the companies have nothing to do with them, investors should be real, Malige noted.
As reported, in early 2018 the working group on privatization was updated. It included representatives of the Reforms Delivery Office under the Cabinet of Ministers of Ukraine, SAGSUR, the World Bank, the EBRD, the International Monetary Fund, the USAID, and the EU Delegation to Ukraine.
The working group was renewed to effectively coordinate the authorities, prepare recommendations and proposals for the draft resolutions of the Cabinet of Ministers on privatization and conditions of the sale of public property, attract international financial and technical assistance to prepare for privatization and put up the objects for sale and analyze the main problems of ensuring transparent and competitive privatization.
EBRD, FINANCE DEVELOPMENT, INVESTORS, OWNERS, PRIVATIZATION, UKRAINIAN ENTERPRISES
The PR Group (Lviv), implementing a project on construction of the Sigma Park Yarychiv industrial park in Lviv region, plans to build at least 10 industrial parks with a gross area of almost 2,000 ha in two years and enter the Frankfurt Stock Exchange and the Singapore Exchange (SGX). “In addition to the park in Yarychiv, there will be 10 more industrial parks. The largest project for 560 hectares is located on the border of Lviv region in Rivne region. In Yarychiv there will be the smallest one – 15.7 hectares. In general, the entire portfolio of industrial parks is designed for almost 2,000 ha. We are planning to start all projects in two years. We are trying to make a stake on the social component. One of the projects will be located near Chervonohrad, Sokal, where the mines are closed and new jobs need to be created,” Managing Partner and co-owner of PR Group Roman Protsak told reporters on the sidelines of the Industrial Development and Construction Forum in Kyiv.
He said that the development company PR Development, which is part of the group, accompanies development of industrial parks. All the facilities will be united under the Sigma Park joint brand with the prefix of the name of the settlement near which they are located. This year, the company plans to provide two industrial parks for registration at the Ministry of Economic Development and Trade, and in 2019 to launch Sigma Park Yarychiv.
“There are already participants interested in locating their production facilities. Negotiations are currently under way with 48 companies. We will attract them on competitive terms. Each of them will present a development plan for the next 10 years, including offering the best conditions for employees’ salaries, Protsak said.
According to him, in August-September, the company will announce a tender for occupying land parcels in Sigma Park Yarychiv, in which only the food industry will be represented. The implementation of this project (greenfield) is at the utilities design stage. In other parks, the automotive, pharmaceutical, and other industries are located.
“We are currently using our own funds. We are not attracting credit resources, but we plan to enter foreign markets to raise funds through the sale of bonds… There are plans for two platforms – Frankfurt, Singapore and possibly additionally Warsaw. We plan to enter them in 2019-2020. One of our investment funds that deals with real estate in Ukraine and abroad will enter [the exchanges],” the co-owner of PR Group said. He said that the company had previously specialized in the construction of residential real estate, but three years ago, the co-owners decided to switch to commercial and industrial real estate.
FRANKFURT, INDUSTRIAL PARKS, OWNERS, SIGMA PARK, SINGAPORE, YARYCHIV
