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Showing posts from December, 2022

German railway carrier Deutsche Bahn sent 63 generators to Ukrzaliznytsia, plans to transfer 325 more in January

  The German railway carrier Deutsche Bahn sent generators to Ukrzaliznytsia to help it operate in the face of a shortage of electricity caused by Russia's shelling of its energy infrastructure. The first batch of 63 generators was sent on Friday from the railway station in Hannover to Kyiv, and in January, Deutsche Bahn plans to transfer 325 more smaller emergency generators. The transfer is gratuitous assistance of Ukrzaliznytsia. As Deutsche Bahn CEO Richard Lutz explained, the generators will provide electricity and heating to railway stations and repair plants, and will also be used directly on trains. 325 emergency power generators, which will be received by Ukrzaliznytsia in January, will be used to provide electricity to passengers and jobs of Ukrainian railway workers. In September, Deutsche Bahn and Ukrzaliznytsia signed a memorandum of understanding in which they agreed on a long-term partnership. First of all, we are talking about assistance in the post-war res...

Two insurance associations have merged in Ukraine

  The insurance market associations LSOU and ASB (League of Insurance Organizations of Ukraine and Insurance Business Association) have decided to merge. This is stated on the Facebook page of the ASB. "The decision was made by the relevant associations on December 22, 2022," the message reads. The parties signed the relevant memorandum of association. The new association will become the largest in the insurance market of Ukraine and will include 50 participating insurance companies. In 9 months of 2022, insurers participating in LSOU and ASB together collected more than UAH 4 billion in insurance premiums and paid out more than UAH 1 billion in insurance compensation. As the members of the new association note, other associations of insurance market participants and professional groups carrying out activities related to insurance (intermediaries, experts, accident commissioners, etc.) will also be able to join it. LSOU and ASB believe that the unification will allo...