Ukraine’s total public debt in August 2023 increased by 3.1% to a new historic high: in dollar terms – by $4bn to $132.92bn, in hryvnia terms – by UAH 146.2bn to UAH 4 trillion 860.6bn, according to data on the website of the Ministry of Finance.
According to them, the direct state debt increased by 3.3% to $123.63 billion, or up to UAH 4 trillion 521.1 billion, and amounted to 93.0% of the total amount of public and state-guaranteed debt.
It is reported that external direct debt in August increased by 4.4%, or $3.52 billion, to $83.41 billion, while domestic direct debt increased by 1.1%, or UAH 15.8 billion, to UAH 1 trillion 470.75 billion (equivalent to $40.22 billion).
The total external public debt of Ukraine in August-2023 increased by 4.1%, or $3.58 billion, to $90.77 billion, while the total domestic debt increased by 1.0%, or UAH 15.2 billion, to UAH 1 trillion 541.4 billion.
As a result, the share of total external government debt increased to 68.3%.
As a result, the share of total external government debt rose to 68.3%.
According to the Ministry of Finance, the share of liabilities in euros at the end of August rose to 28.36%, in U.S. dollars – to 26.66%, while in hryvnia decreased to 28.87%, in SDR – to 12.89%, in Canadian dollars – to 2.48%, and in yen and British pounds remained at 0.72% and 0.02%, respectively.
The office also clarified that 64.86% of government debt has a fixed interest rate, while 12.89% is pegged to the IMF rate, 7.85% to SOFR, 3.88% to EURIBOR and 0.72% to TORF.
Another 2.99% of government debt is tied to the consumer price index, while 6.49% is tied to the NBU discount rate. We are talking about government bonds from the portfolio of the National Bank. The newest of them were securities linked to the discount rate, which were purchased by the NBU within the framework of emission financing of the budget.
Finally, 0.31% of government debt has a rate linked to the Ukrainian index of interest rates on individual deposits, used in portfolio guarantee programs.
As reported, Ukraine’s public and state-guaranteed debt increased by $13.4 billion to $111.45 billion in 2022. In the first eight months of this year, the state debt increased by $21.47 billion, or 19.3%.
In the framework of the first revision of the EFF extended financing program with Ukraine at the end of June, the IMF significantly improved the forecast of the government debt growth this year – from 98.3% of GDP to 88.1% of GDP, including by revising its estimate for the end of last year from 81.7% of GDP to 78.5% of GDP.
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Emergency level of fire danger has been declared in Kiev and Kiev region on September 4-8, according to the Telegram channel of the Ukrhydrometcenter.
On Tuesday, September 5, in Kyiv region it is cloudy with clearing, without precipitation. The wind is northeasterly, 5-10 m/s. The temperature at night 10-15°, in the afternoon 21-26°. In Kiev at night 13-15°, during the day 23-25°.
Registrations of new passenger cars in Ukraine in August this year almost doubled compared to August last year – up to 5.8 thousand units, which is also 9% more than in July this year, reported “Ukravtoprom” on its website.
The first place is held by Toyota with an increase in registrations by 49% to August-2022 – up to 1118 units, and the second place, having pushed away Renault, was taken by Volkswagen, whose registrations increased almost fourfold – up to 611 units.
Renault registrations increased 2.4 times by August-2023, up to 501 units.
BMW with a 2.2-fold increase in registrations to 433 units and Skoda with 394 cars (almost 2.5 times more) also made it to the top 5 of the month.
The bestseller of the Ukrainian market of new passenger cars is a compact crossover Renault Duster, which was chosen by 473 buyers in August.
According to “Ukravtoprom”, a total of 38.1 thousand new passenger cars were registered in Ukraine in January-August, which is 56% more than in the same period of 2022.
At the same time, information and analytical group AUTO-Consulting, analyzing car sales in August on its website, notes a “record figure” – 6153 cars, which is 92% more than in August-2022 and 16.5% more than in July this year.
“The main thing is that the Ukrainian car market has been growing for six months in a row, and August sales were better than the last 19 months. So the Ukrainian car market is approaching the new business season in a very good condition and on the rise”, – experts state, noting that the growth was recorded by almost all market operators.
Ultra Alliance Insurance Company PrJSC (formerly Ultra Insurance Company Kyiv) will increase its authorized capital to UAH 48 million by holding an additional issue of UAH 18 million.
According to the information disclosure system of the National Securities and Stock Market Commission, this decision was made by the shareholders during a meeting on August 21.
It is also noted that the issue is planned to be carried out by allocating to the authorized capital of the company the profit received for 2019-2022 in the total amount of UAH 18 million. The issue will be carried out by increasing the nominal value of shares from UAH 1 thousand to UAH 1.6 thousand.
The authorized capital is being increased to comply with the minimum authorized capital requirements for insurance activities in accordance with the provisions of the Law of Ukraine “On Insurance”.
Ultra Alliance Insurance Company was registered in 2004. The authorized capital is UAH 10 million. The company specializes in risk insurance. The ultimate beneficiary is Igor Yankovsky.
The National Rating Agency “Rurik” has assigned the long-term credit rating of the borrower at the level of uaAA of the investment category with the forecast “in development” and the rating of financial reliability (stability) of the insurer at the level of uainsAAA of the investment category.
KP MMP “Mykolaivelectrotrans” on September 1 announced a tender for compulsory insurance of civil liability of owners of land vehicles (OSAGO), according to the system of electronic public procurement Prozorro.
The expected cost of the purchase of services is UAH 334 thousand.
Security of the tender offer is not required.
The deadline for submission of tender offers is September 13.
The state-owned company Forests of Ukraine has transferred UAH 1.1bn more to the state budget for the first 8 months of 2023 than for the same period last year (up 35%). From the profit the company finances programs of assistance to the Armed Forces of Ukraine.
According to the report, another batch of equipment was handed over to the Armed Forces this week: five new L200 pickup trucks and four Ford trucks worth more than 24 million UAH, the company’s press service said.
“Since the beginning of the war, we have provided the AFU with more than 800 units of equipment, the total amount of assistance is more than 1.2 billion UAH. Additionally for tens of millions of hryvnias of aid for different units of the AFU collected by our employees. These are drones, thermal imagers, ammunition, generators, food. 43rd brigade, which has already become almost sponsored by us, this summer we have already transferred equipment worth more than 25 million hryvnias, and we will transfer it again”, – the press service quoted the head of the State Enterprise “Forests of Ukraine” Yuriy Bolokhovets at a meeting with the military in Kyiv Prigorodny forestry.
Since its establishment in December 2022, the State Enterprise “Forests of Ukraine” has not purchased a single vehicle for the administrative staff. Only special equipment for firefighting and forest protection has been purchased. Almost two-thirds of the purchase amount was spent on vehicles then transferred to the military.
“With the profit that remains after taxes, we try to buy what the military needs,” Bolokhovets noted.
He added that the state forestries suffered a lot during the occupation. It is necessary to rebuild forestry premises, but the priority for the company is investment in the development of production and assistance to the AFU.
“Our brigade was established at the beginning of the year and is holding the front in the Kharkiv direction, where it is very hot today. There is a shortage of equipment, and the help of the State Enterprise “Lesov Ukrainy” is very important. We especially appreciate that it is new equipment – it means that it will serve longer and will not need repairs. There is no time for it in the war”, – said the deputy commander of the 43 brigade Andriy Petrov.
The head of the State Enterprise “Forests of Ukraine” also said that the company has started the implementation of a program to support veteran foresters. Participants of those who have returned from the frontline of military operations receive a 20% salary supplement and an annual bonus.
