Business news from Ukraine

Business news from Ukraine

Restrictions for trucks have been imposed in Odessa

In Odessa and the region from July 10 introduce summer restrictions for trucks, movement is allowed from 6:00 pm to 10:00 am, reported the press service OVA.
“We remind you that from (10.07.2023) in order to preserve the road surface during the hot season come into force summer bans on the movement of trucks from 10:00 to 18:00,” – said in the telegram channel of the head of the Odessa OVA Oleg Kiper.
From 18:00 to 10:00 movement of freight transport is allowed, stressed in the OVA.
As noted, the restriction of traffic will act on the highways M-15 /Odessa-Reni /, M-05 /Kiev-Odessa /, M-14 /Odessa-Melitopol/ within the Odessa region for heavy vehicles with a total weight of over 24 tons and loading on the axle 7 tons.
“Exceptions are specialized purpose vehicles and vehicles transporting dangerous, perishable goods, live animals and poultry; goods related to the prevention or elimination of the consequences of emergencies; military goods, dual-use goods and/or property used for the needs of defense; humanitarian aid; people,” the OVA stressed.
In the department reported that also allowed the movement of vehicles engaged in international transport of goods, provided that the driver of the truck has a reserved place in the waiting list to cross the state border of Ukraine for road transport means of the electronic system (“eOrder”) two days before the waiting list for the next time.
At the same time, engaged in the transportation of grain, oilseeds and fuel and lubricants businesses are advised to contact the Odessa OBA for consultation and subsequent receipt of passes during curfew by phone: (048) 718 93 87, (048) 718 95 20.
“The consultation will be carried out from Monday to Friday from 09.00 to 18.00. In order to properly organize the issuance of passes, the relevant documents should be sent to the email address ytsatskoi@od.gov.ua,” explained in the administration.
It is noted that the observance of truck drivers and the requirements of road signs will be controlled by the territorial division of Ukrtransbezopasnost together with law enforcement officers.
It is also reported that at the same time the Service of restoration and development of infrastructure in the Odessa region will ensure the establishment of appropriate prohibitive and informational road signs and determination of places for placement of special sites or parking of heavy and/or large vehicles for the period of the special regime.

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Online platform to protect rights of Ukrainian citizens has appeared in Poland

Poland has launched an online platform to protect the rights of Ukrainians, which will help them navigate the labor market or get legal advice, the Ministry of Reintegration of the Temporarily Occupied Territories of Ukraine has announced.
“This is one of the sections of the International Rescue Committee (IRC) website. It explains their rights to Ukrainian asylum seekers. In particular, to navigate the labor market and protect themselves from unscrupulous employers. You can also get additional information or legal support from partners here,” the Ministry of Reintegration said in a statement on its Telegram channel on Sunday.
Reportedly, you can also get advice at the Support and Integration Centers.
They are located in Poznan: 35/3A Tovarowa St., 61-896, Katowice: 6 Chorzowska St. (ground floor), 40-101.

Uzbekistan GTL starts selling its own liquefied gas

The Uzbekistan GTL plant has launched wholesale sales of liquefied natural gas, the press service of Uzbekneftegaz reports.
The first batch of 161 tons of fuel was traded at the Republican Commodity Exchange on June 22. Liquefied gas is offered at a starting price of 3.12 million soums per ton and is supplied on the terms of the Shurtan gas chemical complex.
According to the report, LPG is produced from a mixture of propane and butane under pressure. Its small volume simplifies transportation and delivery to consumers, including to the most remote areas.
Shavkat Mirziyoyev launched Uzbekistan GTL in December 2021, after 5 years of construction. The plant processes natural gas into jet fuel, diesel fuel, liquefied gas, oil and other products.
In February 2022, the plant launched its own hydrogen production, and four months later, it started producing synthetic oil and diesel fuel from it. In September, the plant also started producing synthetic jet fuel.
The first batch of GTL diesel went on sale at the beginning of last July. Since then, the manufacturer has reduced the selling price of the fuel five times, by a total of almost 35% compared to the original price.
https://www.spot.uz

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President of Ukraine on NATO Summit: We agreed with President of Poland to act together

President of Ukraine Volodymyr Zelenskyy and President of Poland Andrzej Duda have agreed to coordinate their actions ahead of the upcoming NATO summit in Vilnius.
“At the events in Lutsk, Andrzej Duda and I had a brief but very substantive discussion about the upcoming NATO summit in Vilnius. We agreed to work together to get the best result for Ukraine,” Zelenskyy wrote on Twitter.
For his part, the Polish president also posted on Twitter: “Today in Lutsk, Ukraine, we met with Ukrainian President Volodymyr Zelenskyy to reaffirm friendship in the face of a difficult history and to hold final consultations before the NATO summit in Vilnius, which begins in two days.”
As Duda emphasized, “effective support for Ukraine in its aspirations for membership in the Alliance is very important for Poland.”

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Chairman of Verkhovna Rada of Ukraine to visit Latvia

Chairman of the Verkhovna Rada of Ukraine Ruslan Stefanchuk will be on a working visit to the Republic of Latvia on July 9-10, according to the press service of the Ukrainian parliament.
“The main purpose of the visit is to achieve international consensus on Ukraine’s path to NATO on the eve of the Vilnius summit of the Alliance, to strengthen assistance to Ukraine in countering the aggressor, support on the path of European integration,” the report said.
In Riga Stefanchuk will take part in the Summit of the heads of the parliaments of Latvia, Lithuania, Estonia, the Sejm of the Republic of Poland and Ukraine. This meeting will be the last high-level parliamentary event ahead of the NATO summit, which will be held July 11 in Vilnius.
The visit also includes meetings with newly elected Latvian President Edgars Rinkevics, former President Egils Levits, and talks with Latvian Saeima Speaker Edvards Smiltens and Prime Minister Krisjanis Karins.

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National Bank has identified most profitable banks in Ukraine in May

In May 2023 state-owned PrivatBank again topped the list of the most profitable banks with UAH 4 billion 597.1 million net profit, followed by the bank with Ukrainian capital FUIB with UAH 756.4 million.
According to the data published by the National Bank of Ukraine on its website, in the top five banks with the greatest net profit in May there are also three banks with foreign capital: Ukrsibbank – UAH 577.7 million, OTP Bank – UAH 560.8 million and Raiffeisen Bank – UAH 436.4 million.
The second top five banks were state-owned Ukrgasbank and Ukreximbank (UAH 376.2 mln and UAH 292.5 mln, respectively) and banks with foreign capital: Citibank (UAH 324.0 mln), Credit Agricole Bank (UAH 301.1 mln), and Credobank (UAH 231.2 mln).
Four more banks made profit ranging from 200m UAH to 100m UAH: Pivdenniy Bank – 168.6m UAH, Oshchadbank – 160.8m UAH, Universal Bank (mono) – 149.4m UAH, and ING Bank Ukraine – 139.4m UAH.
Among these 14 banks, the largest reserves in May were disbanded Ukrexim – 1 billion 253.2 million UAH and Oschadbank – 315.8 million UAH, while the largest new reserves were formed by Privat – 784.0 million UAH and Raif – 647.2 million UAH.
The list of 9 unprofitable banks in May was headed by Motor Bank – 12.8 million UAH and First Investment Bank – 9.5 million UAH, while the rest of the banks have less than 5 million UAH.
In May, the net profit of banks decreased to 9.59 billion UAH from 9.94 billion UAH in April and 12.58 billion UAH in March, which, however, is more than 6.61 billion UAH in February. Excluding Privat, the net profit of the banks in May was UAH 5.35 billion against UAH 5.52 billion in April.
At the same time if in April total assets of all banks increased by 61.53 billion UAH, in May – only by 2.23 billion UAH due to decrease of Privat by UAH 16.88 billion, Raif – by UAH 7.26 billion, and OTP – by UAH 5.04 billion.
The leaders in increase of assets in May were Ukrgas – UAH 6.90 billion, City – UAH 3.80 billion, FUIB – UAH 3.38 billion, Credit Agricole – UAH 3.35 billion, and Pivdenniy Bank – UAH 2.97 billion.
According to May results, this increase in assets allowed Crédit Agricole to enter the top ten largest Ukrainian banks with UAH 96.74 bn., leaving behind Sense-Bank (former Alfa-Bank), whose assets decreased by UAH 0.55 bn. in May and reached UAH 96.64 bn. We remind that at the beginning of 2022, Alfa Bank was the 6th largest bank by assets on the market with UAH 125.36 bln.
Increase of obligatory reserves in May caused increase of UAH 13.26 bn. in bank portfolios after decrease by UAH 5.39 bn. in April.
Raif increased its portfolio the most, by UAH 6.19 bln, Ukrsib by UAH 4.75 bln, Oschad by UAH 3.03 bln, Citi by UAH 1.20 bln, and ING Bank by UAH 0.90 bln.
In general, according to the results of five months of the year the most profitable bank by a wide margin remains PrivatBank – UAH 25.48 billion, or 47.5% of the total net profit of the banking system for the period.
In January-May, Raif received UAH 3.26 billion in net profit, FUIB – UAH 2.99 billion, Ukrsibbank – UAH 2.89 billion, OTP Bank – UAH 2.60 billion, City – UAH 2.27 billion, Oschad – UAH 2.23 billion and UKrgas – UAH 2.18 billion.
Among the 11 banks, whose net profit for the five months exceeded 1 billion UAH, also Ukrexim – 1.54 billion UAH, Sens-Bank – 1.40 billion UAH and Universal (mono) – 1.31 billion UAH.