Business news from Ukraine

DYNAMICS OF BALANCE OF PAYMENTS OF UKRAINE (USD MLN)

Dynamics of balance of payments of Ukraine (USD mln).

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DYNAMICS OF BALANCE OF PAYMENTS OF UKRAINE (USD MLN)

Dynamics of balance of payments of Ukraine (USD Mln)

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UNIQA INCREASE INSURANCE PAYMENTS BY 25% IN UKRAINE

UNIQA and UNIQA Life insurers (Kyiv), members of the non-bank financial group UNIQA Ukraine, paid UAH 82.1 million of insurance claim fees in July 2020, which is 25% more than the amount of payments for June this year, according to a press release from UNIQA.
It is noted that under auto insurance contracts, the total amount of insurance payments in July amounted to UAH 37.4 million (46% of the total payments), of which payments for KASKO amounted to UAH 29.5 million, on OSAGO and DSAGO some UAH 7.9 million.
The total amount of payments under voluntary medical insurance contracts in July was UAH 32.7 million. The amount of payments for life insurance totaled UAH 2.8 million.
The largest sum for July was paid for the KASKO risk in the amount of UAH 1.1 million.
In July 2020, the UNIQA medical assistance processed 85,533 requests from insured clients. In July, technical assistance was contacted by 17,544 clients insured under KASKO, OSAGO, and property risks.
UNIQA Group (Austria) entered the Ukrainian market in 2006. Today its companies, namely UNIQA and UNIQA Life, headquartered in Kyiv, offer most types of risk and life insurance through a nationwide network.

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DONBASENERGO INCREASES PAYMENTS TO BUDGET BY 1.8 TIMES

PJSC Donbasenergo in July 2020 transferred UAH 68.4 million of taxes and other mandatory payments to the state and local budgets, which is almost 1.8 times more than in July 2019 (UAH 38.3 million).
According to the press release of the company, UAH 59.6 million (VAT and other state taxes) were transferred to the state budget and UAH 0.2 million to the local budget of Donetsk region.
The company has also paid UAH 8.6 million of excise duty, which is 3.2% for every UAH 1 per kWh of generated electricity.
As reported, Donbasenergo in 2019 reduced electricity production by 2.4% (by 84.5 million kWh) compared to 2018, to 3.371.7 billion kWh. In the overall structure of electricity generation in Ukraine for the year the company occupied 2.2% of the market, in the structure of thermal power generation – 7.5%.
Donbasenergo owns the Starobesheve Thermal Power Plant (TPP, located in the occupied territory) and Sloviansk TPP with their total installed capacity of 2,880 MW, including the capacity of Sloviansk TPP – 880 MW. At the end of March 2017, the general company announced the loss of control over the operation of Starobesheve TPP, as well as part of the structural units located in a temporarily occupied territory.
PJSC Energoinvest Holding owns 60.86% of Donbasenergo shares, another 25% of the general company is owned by the state. Currently, the company is controlled by Maksym Efimov.

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SHARE OF CASHLESS PAYMENTS IN UKRAINE GROWS BY 5.7 PP IN H1

The share of cashless payments in Ukraine in January-June 2020 increased by 5.7 percentage points, to 55.1%, and the total number of cashless transactions rose by 4.1 percentage points, to 86.1% (3.36 billion) year-over-year, according to the website of the National Bank Ukraine (NBU).
According to the NBU, the total number of transactions (non-cash and cash withdrawals) using payment cards issued by Ukrainian banks in H1 2020 increased 16.6% (year-over-year), to 2.743 billion, and their amount – by 7% (year-over-year), to UAH 1.784 trillion.
At the same time, in H1 2020, the number of cash withdrawal operations decreased 12%, and the amount – by 5.0% (year-over-year), according to the NBU data.
“In January-June 2020, as before, the largest number of transactions using cards were payments in retail chains – 49.5%, transfers from card to card dominated in terms of amount – 42.3% (the average check of one such operation was UAH 1,420),” the press service said.
According to the report, as of July 1, 2020, the number of payment cards in Ukraine amounted to 71.7 million, which is 4.9% more than at the beginning of the year.
During June, 36.4 million payment cards (50.7% of all payment cards) were used for debit transactions (non-cash and cash withdrawals), a third of them (33.9%) were contactless and tokenized cards.
The number of contactless cards used in June increased 25.6%, to 9.6 million compared to January 2020, and tokenized ones rose by 22.5%, to 2.7 million.
According to the central bank, over the year the network of contactless merchant ATMs expanded by 33.5%, to 292,000, and the number of POS-terminals – by 11.2%, up to 340,600.
The ability to make contactless payments is provided by 84.3% of POS-terminals, while last year this figure was 86%, the NBU said.
As of July 1, 2020, the ratio of the total number of ATMs (contact and contactless) and the resident population was 8,500 per 1 million people, while last year this figure was 8,000 per 1 million people.
According to the NBU, the regional distribution of the ATM network, as before, remains uneven: Kyiv city, Kyiv, Dnipropetrovsk and Kharkov regions are in the lead in the number of payment cards and payment devices. At the same time, the smallest number of payment devices is observed in the west of the country, in Luhansk and Donetsk regions.
As of July 1, 2020, 70 participants of card payment systems were working in Ukraine.

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DYNAMICS OF BALANCE OF PAYMENTS OF UKRAINE (USD MLN)

Dynamics of balance of payments of Ukraine (USD MLN)

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