The Spanish city of Palma de Mallorca hosted the opening of the Honorary Consulate of Ukraine in the Balearic Islands, the press service of the Spanish Embassy in Ukraine reports. During the event, a charity auction was held to support Ukrainian children affected by Russia’s armed aggression. UAH 8.4 million was raised for their needs.
The event was attended by state and cultural figures, representatives of local authorities, business, and the Ukrainian community.
Volodymyr Nosov was appointed Honorary Consul of Ukraine in the Balearic Islands, emphasizing that the newly created institution will respond to the requests of Ukrainian citizens and develop Ukrainian-Spanish relations in economic, cultural and humanitarian spheres.
“The Honorary Consulate of Ukraine will become a bridge of interaction between Ukraine and Spain in business, trade, technology and exchange of experience. We will be actively working in the cultural sphere, as well as supporting social and humanitarian initiatives aimed at helping Ukraine, paying special attention to children and youth. Our goal is to create favorable conditions for Ukrainian businesses seeking to enter the Spanish market and grow here. At the same time, we are ready to support Spanish companies wishing to develop business in Ukraine,” emphasized Vladimir Nosov.
A charity auction at the opening raised UAH 8.4 million to support Ukrainian children.
The Honorary Consulate will also provide consular services within its competence to Ukrainian citizens residing in the Balearic Islands. The institution will be open from Monday to Friday, from 9:00 to 17:00. For consultations, please contact the following phone numbers: +34 661 484 600, +38 075 10 21 730 and by e-mail: consulatepalma@gmail.com.
JSC Ukrgasvydobuvannya (UGV) has launched a new well with a depth of 4202 m and a flow rate of 170 thousand cubic meters of gas per day, the press service of Naftogaz Group reports.
According to the press service, this is the 15th well at the field since the beginning of 2024. Another one is planned to be drilled by the end of the year.
“The new well was drilled in the central part of the field. We plan to drill another one by the end of the year and four more next year. Thanks to the professional and well-coordinated work of all UGV specialists, we have been able to increase production for the second year in a row,” said Naftogaz CEO Oleksiy Chernyshov, as quoted by the press service.
According to Serhiy Lagno, the head of Ukrgasvydobuvannya, this result was achieved due to the successful choice of the well site.
“This was preceded by earlier 3D seismic surveys and their qualitative analysis, preliminary identification of promising horizons, as well as clarification of their capacity,” he explained.
As reported, in January-October 2024, Ukrgasvydobuvannya increased commercial gas production by 6% compared to the same period in 2023 – up to 11.6 bcm. At the end of 2023, commercial gas production amounted to 13.224 bcm, which is 0.679 bcm more than in 2022.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.
Arabica coffee is actively rising in price on Monday, reaching 13-year highs on weak forecasts for the Brazilian coffee harvest.
The price of arabica futures on the New York Stock Exchange ICE Futures rose by 1.2% to $3.0575 per pound.
Meanwhile, robusta futures jumped 4.1% to $5191 per ton.
The US Department of Agriculture has predicted that the coffee harvest in Brazil in the 2024/25 agricultural year will amount to 66.4 million standard 60-kilogram bags, while previously the harvest was expected to reach 69.9 million bags.
According to the Cemaden meteorological service, the current season in Brazil is the driest since 1981.
On November 19, PJSC Ukrnafta and TAS Insurance Group signed a contract for voluntary medical insurance (VMI) for employees, according to the Prozorro electronic public procurement system.
It is also noted that the place of performance of works or services: Ukraine, and the deadline: September 10, 2025. The contract is worth UAH 9.261 million.
As reported, at the end of August 2024, Ukrnafta announced its intention to enter into a voluntary health insurance agreement with TAS Insurance Group. The company’s price offer amounted to UAH 18.521 million, with the expected cost of the services procurement at UAH 18.709 million. The service delivery date is July 4, 2025.
TAS Insurance Group was registered in 1998. It is a universal company that offers its customers more than 80 types of insurance products in various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.
Quotes of interbank currency market of Ukraine (UAH for $1, in 01.07.2024-30.07.2024)
Open4Business.com.ua
In January-September 2024, MHP, Ukraine’s largest chicken producer, reduced sales of sunflower oil by 11% compared to the same period in 2023, to 330.24 thousand tons.
“The decline is primarily due to a change in the recipe for oilcake production, which led to a decrease in oil production,” the holding company said in a report to the London Stock Exchange.
“In January-September 2024, MHP also reduced sales of soybean oil by 9% compared to the same period in 2023, to 35.46 thousand tons.
Revenue of the vegetable oils segment in January-September 2024 decreased by 27% to $355 mln, which led to a decrease in adjusted EBITDA (excluding IFRS 16) to $42 mln compared to $71 mln in the same period last year, which the agricultural holding explains by a decline in both world oil prices and sales volumes.
“MHP is the largest chicken producer in Ukraine. The company produces cereals, sunflower oil, and processed meat products.
As reported, the company received $142 million in net profit in 2023 compared to $231 million in net loss a year earlier. The group’s revenue last year increased by 14% to $3.021 billion.
In the third quarter of this year, MHP earned $96 million in net profit, which is 75% higher than in the third quarter of 2023, while revenue increased by 5% to $773 million, gross profit grew by 47% to $249 million, operating profit by 62% to $154 million, and adjusted EBITDA by 56% to $173 million.
