Turkish President Recep Tayyip Erdogan may visit Russia to discuss with his Russian counterpart Vladimir Putin the extension of the Black Sea Grain Initiative, Yeni Şafak reported on Tuesday, citing sources in the administration of the Turkish president.
According to the publication, “the upcoming visit of President Erdogan to Russia is of critical importance for the deal.” The estimated dates of the trip are not named.
In Kyiv, 42 thousand square meters of office space is expected to be commissioned by the end of the year, according to CBRE Ukraine’s office real estate market research.
According to the study, in the first half of 2023, only one small office building Unit.City B4 (13.2 thousand square meters) was commissioned. The total volume of competitive office space remained almost unchanged at 2.22 million sq m.
It is expected that in the second half of 2023, about 42 thousand sq m will be commissioned in four business centers. At the same time, BC Twelve (14 thousand sq m) and BC Heritage (16.8 thousand sq m) account for 73% of the new supply. CBRE Ukraine does not rule out delays in construction and commissioning.
The study states that the full-scale war has reduced development activity in the office segment; the amount of office space under construction has decreased. In particular, several office projects originally scheduled for completion in 2023 have been suspended until at least 2024. At the same time, no new development projects were recorded in 2022, and it is unlikely that they will appear before the end of 2023. Therefore, it is predicted that over the next two to three years, the volume of office real estate can only grow if suspended development projects are restarted.
CBRE, headquartered in Los Angeles (USA), is the world’s largest commercial real estate consulting and investment company, with revenues of $30.8 billion in 2022. According to Fortune, it is one of the world’s 500 largest companies.
CBRE Group Inc. shares are traded on the New York Stock Exchange.
CBRE’s Ukrainian office was opened in January 2008 and is part of the company’s affiliate network.
If necessary, Poland will impose a unilateral ban on imports of Ukrainian grain after September 15, while the transit of goods will be maintained, Agriculture Minister Robert Telusz told Polsat News at a press conference on Tuesday.
He denied media reports that a split in the coalition of countries banning Ukrainian grain imports had occurred and that the number of EU member states opposing Poland’s position on extending restrictive measures after September 15 had increased from 13 to 20.
“This is the first time I’ve heard that more countries are against it. I have talked to many ministers from the European Union about this. I see an understanding that we need to build a coalition. We have to build a mechanism. I am convinced that Romania is a member of the coalition,” Telusz was quoted as saying by the Polish publication farmer.pl.
He also said that next week he will hold talks with representatives of Slovakia to determine together “in which direction we will move.”
“At the moment, I have no doubt that there is a coalition,” Telusz assured.
The Polish minister emphasized that keeping the ban on the import of Ukrainian grain only until September 15 is “a political argument to further destabilize the situation in Poland.”
“We will not allow this,” he assured.
The Polish government wants this issue to be resolved “amicably in the European Union, so that there is no need to break down the door.”
“If it is necessary (…) to introduce unilateral bans, we will introduce them, because we are concerned about the interests of farmers (…), and there is no discussion on this topic,” Telusz stated.
Answering a question about possible risks of penalties being imposed on Poland if it violates the rules of the single market, the Minister said that “I don’t want to hear how we, the Poles, are being scared by fines (…)” and added that Poland “will pursue a tough policy in the interests of the Poles.”
Telusz said that Poland is in dialogue with Ukraine, Lithuania, and Latvia to transit grain through Poland.
“We are in dialogue with Ukraine, as well as with Lithuania and Latvia, to use their ports,” he said, and assured that the grain that leaves Poland does not return.
“If we are talking about the food security of Poland, the food security of Europe, then the grain must flow to Europe and must flow outside of Europe. We will help you on the way,” the head of the Polish Ministry of Agriculture said.
According to him, before the ban on the import of Ukrainian grain, about 114 thousand tons of grain entered Poland in transit, and in June – 260 thousand tons. At the same time, about 6 million tons of grain “left” Poland. Poland has about 3-4 million tons of grain left, “but this is a reserve that should always be there,” as the monthly demand for it is 2.5 million tons, the Polish Minister of Agriculture explained.
On June 5, the European Commission agreed to extend until September 15 the restrictions on exports of wheat, corn, rapeseed and sunflower from Ukraine to Bulgaria, Hungary, Poland, Romania and Slovakia. “The restrictions do not imply a ban on the transit of these goods through Bulgaria, Hungary, Poland, Romania and Slovakia,” reads the document signed by EC President Ursula von der Leyen.
ALC Insurance Company ARKS Life (ARX Life, Kyiv) has collected insurance premiums in the amount of UAH 152,2 mln in January-June 2023, that is by 11,2% more than in the same period a year earlier, according to the website of RA Standard-Rating. According to RA information on the company’s renewal of credit rating/rating of financial stability (reliability) of the insurer at the level “uaAAA” according to the national scale, the volume of payments and indemnities, performed by the insurer for the first half of 2023, has grown in comparison with the same period of 2022 by 32,05%, to UAH 31,818 mln. Thus, the level of payments of the insurer has increased by 3,32 percentage points (p.p.), up to 20,91%.
At the same time, acquisition costs have grown by 6,51%, up to UAH 77,997 mln.
The company’s net profit for January-June amounted to UAH 33.963 mln, which is 2.44 times more than the profit obtained in the first half of 2022.
Assets as of June 30 increased by 15.77% to UAH 267.289 mln, equity – by 28.38% to UAH 153.655 mln, liabilities – by 2.19% to UAH 113.634 mln, cash and cash equivalents – by 33.25% to UAH 88.221 mln.
RA also notes that as of July 1 of the current year the insurer has made financial investments in the amount of UAH 159,267 mln, which consisted of government bonds (85,09%), OVDP (2,35%) and deposits in banks (12,56%).
ARX Life, like ARX, is part of the international insurance holding Fairfax Financial Holdings Ltd. ARX Life is among the top 10 companies in the life insurance market in Ukraine.
JSC Ukrgasvydobuvannya transferred UAH 13.88 billion of rent payments to the consolidated budget of the country based on the results of its activities from January to August 2023.
“Of this amount, 5%, or UAH 693.9 million, will go to the budgets of local and regional levels in 11 regions where the company produces hydrocarbons,” the company said in a press release.
In particular, Kharkiv region will receive UAH 336.9 million, Poltava region – UAH 292.21 million, Lviv region – UAH 31.8 million, Dnipropetrovs’k region – UAH 18.38 million, and other regions – UAH 14.62 million.
“The amount of rent payments is calculated according to the sale price of Ukrgasvydobuvannya’s natural gas in favor of Naftogaz of Ukraine.
Turkey’s Onur Group has acquired Rokytnivsky Spetskarier LLC, which produces granite, granodiorite and gabbro-diabase at the Rokytnivsky deposit in Rivne region.
According to Nadra.info, in May 2023, Onur Construction International LLC became the sole participant of Rokytnivsky Special Quarry LLC, and on June 1, Turkish citizens Iskhan and Onur Cetinjeeviz were named as the ultimate beneficiaries of the quarry.
The former co-owners of the company were Inna Samoilik and Ihor Vivchar, the latter being the director of Rokytnivsky Special Quarry.
According to the protocol of the State Commission of Ukraine for Mineral Resources dated June 15, 2017, the reserves of Rokytne deposit amount to 9.6 million cubic meters. The special permit for subsoil use issued to Rokytnivsky Special Quarry is valid until 2038.
According to the publication, as of August 2023, Onur Group controls eight mining assets in Ukraine.
Source: https://nadra.info/2023/08/onur-acquired-another-mining-company-in-ukraine
