Cherkassy regional military administration on the eve of Rosh Hashanah recommends Hasidim to refrain from visiting Uman, but takes measures to strengthen security measures, according to the head of Cherkassy OVA Igor Taburets.
“In a month – Rosh ha-Shana. We recommend pilgrims to refrain from visiting Uman as much as possible, given the war, regular massive shelling of our country and possible provocations from Russia,” the head of the OVA said in a message in his Telegram channel on Tuesday.
At the same time, as Taburets notes, some of the believers, as last year, will still decide to come, so the authorities are taking the necessary measures to strengthen security measures for guests and locals. “Today on this issue held a meeting of the special commission with the participation of the Deputy Ambassador Extraordinary and Plenipotentiary of the State of Israel in Ukraine Mrs. Liron Finkelstein,” – said Taburets.
“First of all, we coordinate the work on security measures. They, like last year, will be strengthened . …We are working on other areas, having the experience of previous celebrations. We are talking about the provision of medical care, the functioning of catering establishments, the work of utility workers, anti-epidemic measures and others. The key priority is unchanged – the safety of local residents and visitors,” Taburets wrote.
Rosh Hashanah is the Jewish New Year, which is celebrated for two consecutive days on the new moon of the fall month of Tishrei according to the Jewish calendar. From this day begins the counting of the days of the new Jewish year.
Investments of Ukraine’s largest mobile operator Kyivstar in energy independence amounted to UAH 920 million for the entire period of the full-scale invasion of the Russian Federation, the company’s press service said.
“The national telecom operator prepares in advance for possible winter blackouts and provides the telecom network with diesel generators, long-lasting batteries, uninterruptible power supplies. Since the beginning of the full-scale war Kyivstar has invested UAH 920 mln in energy independence of telecom networks,” the press release says.
In particular, Kyivstar has allocated more than UAH 680 mln for autonomous operation of mobile communications, and for Home Internet – UAH 240 mln.
The company uses more than 2.5 thousand stationary and mobile diesel generators, thanks to which all key base stations, switches and critical telecom equipment have backup power. The base stations are equipped with 37 thousand new long-life batteries, which can operate without external power supply for 4-6 hours.
“Kyivstar plans to install 50 thousand uninterruptible power supply units by the end of the year, which will allow to achieve autonomy of 70% of fixed Internet networks in case of power outages.
The company is also developing energy-efficient GPON technology.
“Development of “Home Internet” network with the use of GPON technology is planned in the fourth quarter of 2023″, – specified in the press service of the company.
Kyivstar communication services are currently used by 24 million subscribers, “Home Internet” services – more than 1 million subscribers.
In a week’s time, on August 17-18, Vinnytsia will host the Bread Industry 2023 conference and exhibition, which will bring together representatives of various businesses in the bread industry, from grain processors to suppliers of food equipment and technologies.
So far, more than 150 companies from the industry have confirmed their participation in the conference. In particular, the event is attended by the heads of the leading manufacturers of
– Concern Khlibprom, Skvyra Bakery, Stolychnyi Mlyn, Kyiv Bread, Kyiv BCC, Vinnytsia Bread Factory No. 2, Bread Investments, Formula Smaku, Mlyn Baza, HD Group, Bread Guild, Newsphere, Agrofirma Pole LLC, Khlibodar, Rivne Boroshno LLC, Energy Saving Technologies, Newsphere, Eldorado Trading House, Cascade Trading House and many other representatives of the grain processing and bakery business)
– ingredients, mixtures and spices for the food industry (Foodreform, Zealand, Lesaffre, Stern Ingredients Ukraine)
– equipment and technologies for the grain processing and food industry (Buhler Ukraine, OLIS, ProTek Systems, Kumkaya, Aventin, GVP Equipment Solutions, Basis, Habasit Ukraine LLC, Socktrade, etc.)
In total, more than 150 delegates have already confirmed their participation in the business conference, the list of participants is available at.
The participants of the Bread Industry conference will enjoy a rich program with hot discussions and time to communicate with colleagues and partners.
Register and join the professional business meeting on August 17-18!
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KSG Agro has been renewed its national scale rating of uaA+ (the Agency’s international scale rating of BOV) by Expert Rating Agency, the press service of the agroholding said.
“Rating Committee of RA Expert-Rating, despite the large-scale aggression of Russia and the difficult situation in the Ukrainian agro sector, has renewed long-term credit rating of KSG Agro on the national scale at the level uaA+. This means that the borrower or a separate debt instrument with a uaA rating is characterized by high creditworthiness compared to other Ukrainian borrowers or debt instruments”, – reported in the agricultural holding and added that the credit rating was assigned based on the analysis of data from the consolidated statements of KSG Agro for the first quarter of 2023.
Experts of the rating agency indicated that the predominant share in the structure of long-term liabilities of KSG Agro as of March 31, 2023 was occupied by long-term loans, the volume of which in the analyzed period decreased by 7.59% to $24 million. At the same time, the volume of short-term loans received by KSG Agro from March 31, 2022 to March 31, 2023 decreased by 21.97% and amounted to $2.67 million.
Sales volumes of the holding company’s products in the analyzed period increased significantly: income from sales for the first quarter of 2023 compared to the first quarter of 2022 increased by 44.52% and amounted to $5.12 million, which is explained by the increase in exports of grain crops in the current year.
Analysis of KSG Agro’s consolidated financial statements by the agency’s experts showed that EBITDA for the first quarter of 2023 compared to the first quarter of 2022 increased by 22.90% to $1.87 mln, and the ratio between EBITDA for the first quarter of 2023 and loans as of March 31, 2023 increased by 1.72 p.p. to 7.08% compared to last year’s figure.
There has been no fighting in the immediate vicinity of Agroholding’s assets since the start of the Russian invasion. Also, they have not suffered from flooding as a result of Russia’s undermining of the Kakhovskaya HPP dam and have alternative sources of water supply. As in the previous year, in the first quarter of 2023 KSG Agro used more of its own grain to produce feed instead of buying it, reducing the holding’s dependence on external suppliers of feed ingredients during the war, analysts said.
“The company has successfully completed the spring sowing campaign and KSG Agro’s management does not expect significant disruptions in its production cycle or a meaningful negative impact of the Russian invasion on business operations in the near future. The Agency notes the increase in sales volumes and efficiency indicators of the holding, as well as the growth of EBITDA/loans ratio”, – summarized RA Expert Rating.
Vertically integrated holding KSG Agro is engaged in pig breeding, as well as in the production, storage, processing and sale of grain and oilseeds. Its land bank is about 21,000 hectares in Dnipropetrovsk and Kherson regions.
According to the agroholding, it is among the top 5 pork producers in Ukraine.
Last year KSG Agro ended 2022 with a net loss of $1.68m compared to $17.71m net profit in 2021 due to the full-scale war launched by Russia, its EBITDA decreased 5.5 times to $1.79m and revenue decreased 47.3% to $16.2m.
GGBET LLC acquired the rights to use the GG.BET brand in Ukraine and received a decision to issue licenses from the Commission for Regulation of Gambling and Lotteries for its activities (decisions No. 128, No. 129 of 08.08.2023). The date of the start of GGBET UA operations will be announced shortly.
GG.BET is an international esports bookmaker with Ukrainian roots, known for its partnerships with the world’s largest CS:GO and Dota 2 tournaments. The brand actively supports the development of global esports and acts as an official partner of major esports tournaments. In addition, the brand is a sponsor of the legendary NAVI and Team Vitality clubs.
GGBET UA will develop the esports community and promote the principles of responsible betting and online casinos. It also plans to support Ukrainian sports through investments, implementation of thematic social projects, and collaborations with sports leaders.
“Ukraine has a great potential for the development of the betting market, so obtaining licenses for the GG.BET brand is an expected and balanced decision. Ukrainian esports is characterized by a developed fan base and its own history of tournaments and high-profile victories. In addition, we are confident that fans of classic sports will also find attractive conditions and gain new interesting experience. We will offer Ukrainian bettors an excellent betting product and high-level service that the GG.BET brand provides to users in the global market,” the company’s press service commented.
As a reminder, the GG.BET brand has recently started operating in the UK under the license of the UK Gambling Commission, which is considered one of the most standardized and prestigious in the world.
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About GG.BET
GG.BET is an international eSports betting brand with operations in the UK, Europe, South America and Asia, operating under the licenses of the UK Gambling Commission, Antillephone (Curacao) and Malta Gaming Authority. GG.BET is a member of the ESIC public organization and stands for fair play in esports.
Ukraine has already harvested 12.5 million tons of wheat with record yields, but due to weather conditions 60% of the crop will be sold as fodder, which is twice as much as last year’s figure, according to the analytical cooperative “Pusk”, established within the framework of the All-Ukrainian Agrarian Rada (VAR).
“The key problem of the new harvest was its low quality: due to weather conditions, the grain has a low protein content. Most exporting countries also have problems with the quality of grain,” analysts said.
According to their information, the volume of feed grain in the season-2023 may amount to 60% of the new harvest. In previous years, this figure was at the level of 30%, and the remaining 70% was food grain.
Ukraine will get no more than 40% of high-protein wheat in 2023, which will affect prices.
“The spread between fodder and high-protein wheat is already $15-18/ton, in the future it may exceed $20/ton,” experts noted.
The current season will be problematic with the supply of food grain worldwide, stated the WAR and added that a lot of feed grain will be produced by France, Germany and the Russian Federation, which are experiencing problems with grain quality.
“Those who have high-protein wheat are selling to Lithuania, to Germany, and at small ports the supply is low. If last season the markets were surplus, traders dictated prices, now we are moving to a deficit model. Farmers are not taking wheat to the ports, and prices will rise,” the analysts explained.
They reported that prices in Danube ports on the basis of CPT are $170-175/tonne, by the end of the week they are expected at $180/tonne, and by the end of August may exceed $200/tonne.
“World demand is just starting to grow, there will be news of quality problems in other regions as well,” predicted the CAP.
