Sunflower prices increased last week and fluctuated in the range of 25-27.5 thsd UAH/t CPT, due to the activity of purchases and the amount of supply of raw materials on the market, according to the analytical cooperative “Start”, created within the framework of the All-Ukrainian Agrarian Council. “A number of companies reported fairly good receipts of the oilseed, while some small enterprises suspended operations until the price situation on the market improved,” the analysts said. According to their information, prices for sunflower oil in the domestic market continued to grow, while prices for sunflower meal continued to decline significantly. Processors, trying to balance in such a situation, in some cases refused to sell the meal on the domestic market, while oil was offered at rather high prices, but left the market, they stated.
The portfolio of loan agreements concluded by state-owned Oschadbank with agricultural, food and processing companies in the large corporate business segment has tripled during the war and as of October 1, 2024, reached UAH 9.9 billion compared to UAH 3.3 billion in 2021, Yuriy Katsiyon, Deputy Chairman of the Board of the bank in charge of corporate business, said in an interview with Interfax-Ukraine.
According to him, the volume of agreements concluded to support enterprises in these segments among Oschad’s corporate business clients in 2024 amounted to UAH 1.4 billion, or 20% of the total volume of agreements concluded during this period.
“We finance companies that have suffered from military aggression, such as Nibulon. We financed the first military sowing season, setting an example for all other banks to start lending. As a result, we more than doubled our corporate loan portfolio among agricultural, food and processing companies in the year from 2022 to 2023, from UAH 4 billion to UAH 8.8 billion. As of October 1, 2024, this corporate business portfolio reached UAH 9.9 billion,” he said.
Mr. Katsion also said that Oschad’s share in financing businesses in all industries has reached 14% of the total market, which is the second place among Ukrainian banks. In addition, Oschad ranks second among all legal entities in financing in the agricultural business segment and food production. These loans account for UAH 23.7 billion, or more than 15% of the financial institution’s portfolio.
The Deputy Chairman of the Board added that the volume of concluded loan agreements in the agrarian, food and processing industries, food trade in the segment of large corporate business in 2021 amounted to UAH 0.87 billion, in 2022 – UAH 4.6 billion, in 2023 – UAH 11 billion, and in 2024 – UAH 4 billion. In total, during the war, Oschad provided almost UAH 20 billion in loan agreements for corporate business.
The number of Oschad’s clients in this segment reached 15 business groups or 30 companies. At the same time, more than 80% of them started borrowing from the bank for the first time during the war.
“Since the beginning of 2023, we have increased our market share by 1.5 times. This year alone, the growth is 4%,” summarized the Oschadbank’s corporate business manager.
According to the financial institution, the top five banks in agricultural financing are as follows: Raiffeisen, Oschadbank, Ukreximbank, FUIB, and Credit Agricole Bank.
According to the National Bank of Ukraine, as of September 1, 2024, Oschadbank ranked 2nd (UAH 425.75 billion) in terms of total assets among 62 banks in the country. The financial institution’s net profit for the first eight months of this year amounted to UAH 11.18 billion.
In January-October this year, Ukrainian enterprises reduced their consumption of rolled steel by 9.93% year-on-year to 2 million 617.7 thousand tons.
According to a press release from Ukrmetallurgprom, 1 million 35.7 thousand tons, or 39.25% of the domestic rolled steel market, were imported during this period.
According to Ukrmetallurgprom, in January-October 2014, steel companies produced 5.264 million tons of rolled steel (120.6% compared to the same period in 2023). According to the State Customs Service of Ukraine, about 3.682 million tons, or 69.9%, were exported. During this period, the share of exports amounted to 54.9% (2.398 million tons with a total rolled steel production of 4.365 million tons).
The share of semi-finished products in export deliveries in January-October 2024 amounted to 46.31%, slightly higher than in January-October 2023 (44.87%). The share of flat products in exports is slightly higher than last year (39.35% and 37.07%, respectively). The share of long products is much lower – 14.34% versus 18.06%.
“In 10 months of 2024, the domestic market capacity amounted to 2 million 617.7 thousand tons of rolled steel, of which 1 million 35.7 thousand tons, or 39.25%, were imported. In January-October 2023, the domestic market capacity amounted to 2 million 906.4 thousand tons, of which 939.4 thousand tons, or 32.42%, were imported. Thus, for 10 months of 2024, there was a decrease in the domestic market capacity by 9.93% compared to 10 months of 2023, while the share of the import component increased by 6.83%,” the press release states.
The structure of imports for 10 months of 2024 is still characterized by a significant dominance of flat products over long products (79.50% and 18.93%, respectively). In January-October 2023, the dominance of flat products over long products was also significant (80.51% and 18.62%, respectively).
According to the State Customs Service, the main export markets for Ukrainian rolled steel products in January-October 2024 were the European Union (70.1%), Africa (11.1%) and the rest of Europe (7.6%).
Other European countries ranked first among metallurgical importers for the period under review (49.6%), followed by the EU-27 (28.2%), and Asian countries (20.4%).
As reported, Ukraine’s rolled steel market increased 2.19 times in 2023 compared to 2022, to 3 million 505.6 thousand tons. The company imported 1 million 118.6 thousand tons, or 31.91% of the domestic market for these products.
Urban transport manufacturer Concern Electron has delivered the first four 12-meter buses, Electron A18501, out of the 13 units provided for in the contract to Uzhhorod Municipal Transport, the company said on Facebook.
“By the end of the year, nine more buses will be added to the fleet of the utility company,” the statement said.
The concern informed that 27 buses of this brand are already in operation in Uzhhorod, which means that upon completion of the delivery there will be 40 of them.
“Unlike many other cities, Uzhhorod has a systematic and pragmatic approach to renewing its bus fleet. The city deliberately replenishes it with vehicles of the same brand, which facilitates the maintenance and repair of rolling stock. Electron buses have been in operation in the regional center since 2018,” the company said.
As reported, the contract for the supply of 13 low-floor Electron buses for a total of UAH 126.5 million was signed on September 29, 2023, after the Electronmash plant, part of the concern, won the relevant tender.
The delivery date was set for August 31, 2023.
Other bidders were Zernotrade, which offered Chinese buses for UAH 127.8 million, and Bas Motor LLC with Bogdan buses for UAH 130 million.
In addition, Etalon Avto Trading House tried to challenge what it considered to be discriminatory tender conditions at the Antimonopoly Committee of Ukraine, but was unsuccessful.
The famous Kyiv restaurant Veranda na Dnipre is proud to present the new face of its advertising campaign – Olympic champion and talented Ukrainian fencer Olga Harlan.
“We are pleased to collaborate with this inspirational personality, who is a symbol of modern patriotism and national pride with her achievements and love for Ukraine,” – comments Tatiana Avramenko, the restaurant’s managing partner.
“Olga Harlan is not only an example for the younger generation, but also a symbol of beauty, strength and dedication to sports. As an active supporter of a healthy lifestyle, Olga perfectly embodies the values that underlie the restaurant’s concept – love for quality food, nature and health. Her perseverance, determination and ability to conquer the world’s peaks are admirable, as she demonstrates Ukrainian strength and talent on the international stage.
“Veranda na Dnipro is a place for meetings and inspiration, so it is a real honor not only for the restaurant but also for its guests to work with Olga, a person who embodies the future of Ukraine. Her bright career and patriotism inspire millions of Ukrainians every day, and the partnership with such an outstanding personality is a confirmation of the common values of the restaurant and the athlete.
“We are happy to share her success and believe that this cooperation will inspire many Ukrainians to choose a healthy lifestyle and be proud of their roots,” adds Tatiana Avramenko.
The three-deck Veranda na Dnipro restaurant, which prides itself on its diverse menu of 12 cuisines, organic products, and the largest wine list in Ukraine, invites everyone to experience the hospitality and atmosphere of a place created with love for Ukraine and for Ukrainians together with its new ambassador, Olga Harlan.
Olga Harlan
Instagram: https://www.instagram.com/olgakharlan/
“Veranda on the Dnipro”
Address: Naberezhne Shosse, 11A
Phone: +380 68 400 9898
Website: https://veranda.ua/
On November 6, 2024, Charge d’Affaires of the Embassy of the People’s Democratic Republic of Algeria in Ukraine Y.V. Ahmed Ouail held a reception dedicated to the 70th anniversary of the Algerian Liberation Revolution at the Fairmont Grand Hotel in Kyiv.
70 years ago, on November 1, 1954, the Algerian people began an almost eight-year armed struggle against the French colonizers, which resulted in the country’s independence.
On March 19, 1962, the French government and the Algerian National Liberation Front signed the Evian Accords, which put an end to the bloody war (the death toll, according to various estimates, reaches 350 thousand to 1.5 million people).
And on July 1, 1962, during a referendum, Algerians supported the independence of their country.
The event traditionally began with the performance of the national anthems of the two countries – Algeria and Ukraine.
First, the Algerian diplomat, H.E. Mr. Ahmed Ouail, delivered a festive speech, in which he cordially greeted all the participants and expressed hope for further strengthening of multilateral ties and friendly relations between Algeria and Ukraine.
On behalf of the Ukrainian government, Deputy Minister of Foreign Affairs of Ukraine for Digital Development, Digital Transformation and Digitalization Anton Demokhin expressed his congratulations on the occasion.
After Ukraine declared independence on August 24, 1991, Algeria recognized Ukraine on December 27, 1991. On August 20, 1992, Ukraine and Algeria established diplomatic relations. On November 16, 1992, the first Ambassador of Algeria to Ukraine, Belramoul Camerzerman, presented his credentials to President Leonid Kravchuk.
Source: https://www.facebook.com/UkrDiplomatic
