THE LARGEST INSURANCE GROUP IN POLAND TO CONTINUE INVESTING IN UKRAINIAN MARKET
February 1, 2013
Poland's
PZU Group is ready to additionally invest in Ukraine, its President
Andrzej Klesyk said at a meeting with Ukrainian Prime Minister Mykola
Azarov.A press release of the insurer indicates that at the meeting Klesyk confirmed the readiness of PZU to additionally invest in Ukraine to consolidate the insurance market, or to participate in global projects in the insurance area, the most important of which are medical and agrarian insurance, and a pension reform.
At present, PZU has invested over PLN 300 million (96.79 million USD) in Ukraine. In the future the group plans to use free funds to develop the Ukrainian insurance market and strengthen its positions.
According
to the press release, the decisions were made due to the recent good
indicators of PZU in Ukraine. The group managed to increase gross
premium collection by over 23% in the first half of 2012 compared to the
first half of 2011.Assessing investment activity of the Ukrainian insurance market, Klesyk (photo on the right) said that western investors are hindered by the situation with licenses for certain types of insurance, which have a status of provisional licenses. The necessity to prolong the licenses in some types of insurance is considered to be an additional risk by potential investors.
He said that this did not impede the group to operate in Ukraine, although the requirements arose uncertainty with other western investors. The current level of powers of the state financial service market regulator is enough to deprive of a license if insurers violate the license rules or other laws.
Azarov
(photo on the left) took into account the problem and assured that the
government has several projects aimed at the deregulation of the various
economic sectors. He also confirmed the importance of some types of
insurance, which should be developed in the country.The premier also addressed Chairman of the League of Insurance Organizations of Ukraine Oleksandr Filoniuk expressing hope that the professional association of insurers would be an initiator of changes and would help drawing up laws in the sector.
The largest insurance group in Poland with over 200-year experience – PZU – is presented by two insurance companies in Ukraine – PZU Ukraine and PZU Ukraine Life Insurance, which have been providing a wide range of insurance services in the Ukrainian market since 1993.
According to Standard & Poor's ranking, PZU was affirmed at A with a stable outlook.
UINVESTOR PERSPECTIVE
The Polish PZU Group is one of many foreign companies that continues investing in Ukrainian economy, as well as evaluates the potential of its market with the population of 45.7 million people. In spite of initially facing legislative red tape in many areas of business, quite often companies find that the Ukrainian government and its officials have quite a favorable attitude towards foreign investors and, in a long run, are willing to accommodate their requests if the investors’ goals parallel development of the country’s economic infrastructure. For uinvestors with current financial interest in Ukrainian businesses this information provides additional assurance in security of their investments.
SLOVAKIA: ECONOMIC OVERVIEW
January 25, 2012With tremendous success of our last week’s Honey Project originating from Slovakia, we decided to provide our uinvestors with a brief overview of the economy of this country to help them understand the “nature of the beast” for the sake of future investments.
Slovakia's economy increasingly
resembles that of a so-called developed country. With the highest
sustained GDP growth in the European Union, reporting 10.4% in 2007 and
the highest rating from V4 countries (1) the Slovak economy has been
considered a tiger economy known as the Tatra Tiger. Slovakia has been
an EU member state since 2004 and adopted the euro currency at the
beginning of 2009. Its capital, Bratislava, is the largest financial
center in Slovakia. Unemployment has fallen considerably, although
long-term unemployment remains high. GDP per capita at purchasing power
parity was €18,100 in 2010, which was 74% of the EU average (2).Economic Growth
In 2007, Slovakia reached the highest economic growth among the members of OECD and the EU. The annual GDP growth was 10.4% at constant prices, with the record level of 14.3% reached in the fourth quarter (3). In 2010, Slovakia grew by 4.0%, which was the highest growth among new EU member states.
Foreign Investment
Foreign direct investment (FDI) in Slovakia has increased dramatically. Cheap and skilled labor, a 19% flat tax rate for both businesses and individuals, no dividend taxes, a weak labor code, and a favorable geographical location are Slovakia’s main advantages for foreign investors. FDI inflow grew more than 600% from 2000 and cumulatively reached
an
all-time high of, $17.3 billion USD in 2006, or around $18,000 per
capita by the end of 2006. The total inflow of FDI in 2006 was $2.54
billion. In October 2005 new investment stimuli introduced – more
favorable conditions to IT and research centers, especially to be
located in the east part of the country (where is more unemployment), to
bring more added value and not to be logistically demanding. Origin of
foreign investment 1996-2005 – the Netherlands 24.3%; Germany 19.4%,
Austria 14.1%; Italy 7.5%, United States (8th largest investor) 4.0%.
Top investors by companies: Deutsche Telekom (Germany), Neusiedler
(Austria), Gaz de France (France), Gazprom (Russia), U.S. Steel (U.S.),
MOL (Hungary), ENEL (Italy), E.ON (Germany)... Foreign investment
sectors - industry 38.4%; banking and insurance 22.2%; wholesale and
retail trade 13.1%; production of electricity, gas and water 10.5%;
transport and telecommunications 9.2%. Agriculture In 2010, agriculture
accounted for 2.7% of GDP (compared to 6.9% in 1993) and occupied about
3.5% of the labor force (down from 10.2% in 1994). Over 40% of the land
in Slovakia is cultivated. The southern part of Slovakia (bordering with
Hungary) is known for its rich farmland. Growing wheat, rye, corn,
potatoes, sugar beets, grains, fruits and sunflowers. Vineyards are
concentrated in Little Carpathians, Tokaj, and other southern regions.
The breeding of livestock, including pigs, cattle, sheep, and poultry is
also important.Bee Products
The long-term annual Slovakian
honey yield is 12-15 kg per colony; however, top yields can surpass 80
kg per colony. Honey is used by the beekeepers themselves, sold
directly to consumers, or purchased by a number of companies and
exported, mostly to EU countries. 1,500-2,000 tons is exported annually,
representing 1/3 -1/2 of the total annual yield. The greatest demand
is for honeydew and unifloral honeys. Consumption of honey in Slovakia
is just 0.25 kg per capita, with many people using it only for
sweetening tea and to prevent colds, flu and other diseases. At
Christmas, honey is an essential item on every table. Honey is marketed
in a variety of packages: cakes and gingerbread, cereal bars,
honey-filled chocolate, nuts with honey, sweets, and sweetened drinks,
with mead increasingly popular. Attractively decorated honey pastries of
various shapes can be seen at exhibitions. Venom and royal jelly were
used as additives in famous pharmaceutical products (Virapin,
Vita-Apinol), but due to low prices of these raw materials on the global
market beekeepers are no longer motivated to produce them. Some cooled
pollen for bumblebee rearing and propolis for antibacterial products are
requested by foreign buyers on an annual basis (4).SOURCES:
1) http://www.etrend.sk/trend-archiv/rok-/cislo-December/ratingovy-primat.html
2) http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-21062011-AP/EN/2-21062011-AP-EN.PDF
3) "Gross domestic product in the 4th quarter of 2007". Statistical Office of the Slovak Republic. 2008-03-04. Retrieved 2008-02-14.
4) http://www.beesfordevelopment.org/uploads/BfDJ68%20Slovakia033.pdf
Accounting calculation and Uinvest not HYIP and not Scam.
One
Uinvestor, msrilakshmi, perform calculations to prove that the
accounting-based investment firm Uinvest not a HYIP system (ponzi
schemes). Based on these calculations, if Uinvest a HYIP investment
company, then Uinvest already colaps since November 2011.
Here are the excerpts Uinvestor calculation is:
Today I have done some interesting calculations to determine whether this Uinvest actually pay investors with profits generated from the business project or just paying investors with money collected from us (ponzi schemes) .. which usually occurs in the HYIP scams that are lost when the outflow of money is greater than the inflow.
Please read the following points before looking at the attached excel sheet (please login to the forums to see the excel sheet without a forum account .. You can see the attachment).
1.
(A)
I have done the calculations in this way, for example, Uinvest has sold 100 shares of an A for $ 1000 each which produces $ 100 per month per share. This means that now, Uinvest has collected $ 100,000 (100 shares * $ 1,000 per share) and pay $ 10,000 (100 shares * $ 100 profit per share) per month for a specific project. Now, after one month Uinvest a remaining $ 90,000.
(B)
Now Uinvest next month has added one more project B with the same number of shares and the price is the same (just to make simple calculations and for better understanding). Now, Uinvest return has raised $ 100000.Sekarang, the total amount of funds Uinvest is $ 190,000 and now must pay investors uinvest of both projects. So, this month Uinvest pay $ 20,000 to investors. Thus, the amount now remaining in Uinvest is $ 170,000 ..
See calculations in excel sheet.
2. I have taken the date of the project added as shown in the "Investment Project" forum section where projects start like Holiday Village etc are posted on Dec 19, 2010 but in fact the project is posted in September when Uinvest has started online. But the difference in dates is due Uinvest has started on the forums a few months after starting Uinvest. I have taken the date of the project are added as December 19, 2010 only and moreover does not make much difference to perhitungan.Tanggal of the project to Hotel VIP only posted on the topics above and for the rest of the project I have taken the date of the email I received from uinvest each time a new project is added.
3. To make the calculation simple, I just ignore the date and only considered just months. For example, if a project is added on March 1 and another on March 22 .. I have taken both as added in March and that the dividend will be paid in April.
4. I do not consider the remaining shares at a chemical plant and the newly added alcohol. I assume that all shares of chemical and alcoholic beverages are sold out ..
5. I have taken a buy it now price of INCA to each project as a standard price for such shares. Because the value of the stock has increased by several projects, such as stocks vip hotel was $ 1600 when I purchased and the purchase price of the shares by the INCA is $ 1800. So, I can not find the share prices of all the project when it was added. So I have taken only the purchase price at this time indicated the INCA.
6. I assume that all shares added to the project in the month are sold in that month alone, just to make a simple calculation. For example, shares of the project added in January may have been sold out after 2 or 3 months but I assume that all of the shares purchased in the month of January.
7. I do not consider the amount of reinvestment because there is no way we can know how much money is invested back without attracting funds.
8. Excel sheet may be confusing. So I explain the title of each row
A. Project Name, Number of shares, price per share, earnings per share and the Monthly Date added, general terms, no need to explain.
B. Total Project (Total Project Amount). This term is the total amount collected by Uinvest for that particular project.
C. Total Revenues Total (Total Earnings). This term is the total amount to be paid by uinvest to investors who bought shares of that particular project.
D. Month & Year. Date project is ignored and considered only the month and year.
E. Total for a month. The total amount collected for the month for all projects added in the month, for example, two projects worth $ 100,000 each added in January, the total amount collected for that month would be $ 200,000.
F. Earnings per month (Earning per month). This term is the amount that will be paid by uinvest in it for all the projects added in the month, for example, if there are two projects as described in the 'E' which resulted in a 10% per month .. the total income per month would be $ 20000 (10000 $ for each project).
G. Paid for the month (Paid for the month). The term is actually earning per month minus 10% commission Uinvest management. In the example above, Uinvest only pay $ 9,000 to his investors take 10% commission.
H. Money to be paid monthly. (Money to be paid monthly). This is explained at the beginning of the topic. eg Uinvest adding the project this month and pay $ 10,000 to investors and next month it adds one more project. So had to pay for both projects is, $ 20,000 and a project next month and now have to pay for the 3 projects and so on.
I. The rest of the money (Money Remaining). This is the money left in Uinvest after paying dividends to investors, such as the first month uinvest collect $ 100,000 and paid $ 10,000 so that the money that was left was $ 90,000. Next month the project added and collected a total of $ 100,000 and $ 190,000 and pay $ 20,000 this month so the money left this month would be $ 170,000.
Conclusion:
According to these calculations, if Uinvest not benefited from these projects and only paying investors from money of new investors coming (ponzi schemes), Uinvest will be closed prior to November 2011 for the November 2011 itself Uinvest has got a negative balance of $ -698,716. Months earlier had actually because I've been calculating from December though Uinvest starting in september online.
The actual number and month can be a variety of reasons I have mentioned before ... But more or less the actual numbers would be very similar to this ..
This in turn proves that Uinvest is a good investment financially, even today Uinvest pay $ 2590722 (if not reinvested) per month for all investors. If uinvest have to pay the amount with money received only from new investors (Ponzi scheme) and not from the profits generated by the project, then uinvest will have a negative balance of approximately $ -4,970,993 are very unlikely to continue to operate and next month will be $ - 7561715 (-4970993 -2590722 +) ...
So there is no way Uinvest deceive people and hope this will be a good answer for those who do not feel good uinvest and also people can invest in peace now that I know that some people still have some fear to invest huge amounts here though many of us have invested amount.
Table Excel Calculation Accounting
1. https://public.sheet.zoho.com/public/srilupretty/uinvest-1
2. http://www.thebig1.tk/uinvest.html
Here are the excerpts Uinvestor calculation is:
Today I have done some interesting calculations to determine whether this Uinvest actually pay investors with profits generated from the business project or just paying investors with money collected from us (ponzi schemes) .. which usually occurs in the HYIP scams that are lost when the outflow of money is greater than the inflow.
Please read the following points before looking at the attached excel sheet (please login to the forums to see the excel sheet without a forum account .. You can see the attachment).
1.
(A)
I have done the calculations in this way, for example, Uinvest has sold 100 shares of an A for $ 1000 each which produces $ 100 per month per share. This means that now, Uinvest has collected $ 100,000 (100 shares * $ 1,000 per share) and pay $ 10,000 (100 shares * $ 100 profit per share) per month for a specific project. Now, after one month Uinvest a remaining $ 90,000.
(B)
Now Uinvest next month has added one more project B with the same number of shares and the price is the same (just to make simple calculations and for better understanding). Now, Uinvest return has raised $ 100000.Sekarang, the total amount of funds Uinvest is $ 190,000 and now must pay investors uinvest of both projects. So, this month Uinvest pay $ 20,000 to investors. Thus, the amount now remaining in Uinvest is $ 170,000 ..
See calculations in excel sheet.
2. I have taken the date of the project added as shown in the "Investment Project" forum section where projects start like Holiday Village etc are posted on Dec 19, 2010 but in fact the project is posted in September when Uinvest has started online. But the difference in dates is due Uinvest has started on the forums a few months after starting Uinvest. I have taken the date of the project are added as December 19, 2010 only and moreover does not make much difference to perhitungan.Tanggal of the project to Hotel VIP only posted on the topics above and for the rest of the project I have taken the date of the email I received from uinvest each time a new project is added.
3. To make the calculation simple, I just ignore the date and only considered just months. For example, if a project is added on March 1 and another on March 22 .. I have taken both as added in March and that the dividend will be paid in April.
4. I do not consider the remaining shares at a chemical plant and the newly added alcohol. I assume that all shares of chemical and alcoholic beverages are sold out ..
5. I have taken a buy it now price of INCA to each project as a standard price for such shares. Because the value of the stock has increased by several projects, such as stocks vip hotel was $ 1600 when I purchased and the purchase price of the shares by the INCA is $ 1800. So, I can not find the share prices of all the project when it was added. So I have taken only the purchase price at this time indicated the INCA.
6. I assume that all shares added to the project in the month are sold in that month alone, just to make a simple calculation. For example, shares of the project added in January may have been sold out after 2 or 3 months but I assume that all of the shares purchased in the month of January.
7. I do not consider the amount of reinvestment because there is no way we can know how much money is invested back without attracting funds.
8. Excel sheet may be confusing. So I explain the title of each row
A. Project Name, Number of shares, price per share, earnings per share and the Monthly Date added, general terms, no need to explain.
B. Total Project (Total Project Amount). This term is the total amount collected by Uinvest for that particular project.
C. Total Revenues Total (Total Earnings). This term is the total amount to be paid by uinvest to investors who bought shares of that particular project.
D. Month & Year. Date project is ignored and considered only the month and year.
E. Total for a month. The total amount collected for the month for all projects added in the month, for example, two projects worth $ 100,000 each added in January, the total amount collected for that month would be $ 200,000.
F. Earnings per month (Earning per month). This term is the amount that will be paid by uinvest in it for all the projects added in the month, for example, if there are two projects as described in the 'E' which resulted in a 10% per month .. the total income per month would be $ 20000 (10000 $ for each project).
G. Paid for the month (Paid for the month). The term is actually earning per month minus 10% commission Uinvest management. In the example above, Uinvest only pay $ 9,000 to his investors take 10% commission.
H. Money to be paid monthly. (Money to be paid monthly). This is explained at the beginning of the topic. eg Uinvest adding the project this month and pay $ 10,000 to investors and next month it adds one more project. So had to pay for both projects is, $ 20,000 and a project next month and now have to pay for the 3 projects and so on.
I. The rest of the money (Money Remaining). This is the money left in Uinvest after paying dividends to investors, such as the first month uinvest collect $ 100,000 and paid $ 10,000 so that the money that was left was $ 90,000. Next month the project added and collected a total of $ 100,000 and $ 190,000 and pay $ 20,000 this month so the money left this month would be $ 170,000.
Conclusion:
According to these calculations, if Uinvest not benefited from these projects and only paying investors from money of new investors coming (ponzi schemes), Uinvest will be closed prior to November 2011 for the November 2011 itself Uinvest has got a negative balance of $ -698,716. Months earlier had actually because I've been calculating from December though Uinvest starting in september online.
The actual number and month can be a variety of reasons I have mentioned before ... But more or less the actual numbers would be very similar to this ..
This in turn proves that Uinvest is a good investment financially, even today Uinvest pay $ 2590722 (if not reinvested) per month for all investors. If uinvest have to pay the amount with money received only from new investors (Ponzi scheme) and not from the profits generated by the project, then uinvest will have a negative balance of approximately $ -4,970,993 are very unlikely to continue to operate and next month will be $ - 7561715 (-4970993 -2590722 +) ...
So there is no way Uinvest deceive people and hope this will be a good answer for those who do not feel good uinvest and also people can invest in peace now that I know that some people still have some fear to invest huge amounts here though many of us have invested amount.
Table Excel Calculation Accounting
1. https://public.sheet.zoho.com/public/srilupretty/uinvest-1
2. http://www.thebig1.tk/uinvest.html
