Oil prices are falling slightly on Friday after rising in the previous session due to data on the decline in US stocks.
Commercial oil inventories in the United States last week decreased by 2.55 million barrels, the country’s Energy Ministry said on Thursday. Commercial gasoline stocks fell by 2.28 million barrels, distillate stocks by 1.73 million barrels.
The cost of August futures for Brent on the London ICE Futures exchange as of 8:20 a.m. is $85.63 per barrel, which is $0.08 (0.09%) lower than at the close of the previous trading. On Thursday, these contracts rose in price by $0.64 (0.8%) to $85.71 per barrel, the highest since April 30.
Futures for WTI for August in electronic trading on the New York Mercantile Exchange (NYMEX) fell by $0.06 (0.07%) to $81.23 per barrel by this time. As a result of the previous session, the value of these contracts increased by $0.58 (0.7%) to $81.29 per barrel.
Since the beginning of this week, both Brent and WTI have risen in price by about 4%.
The oil market is supported by signals of growing demand for petroleum products in the country, in addition to data on declining stocks in the United States. According to the American Automobile Association, a record number of Americans will travel this year during the US Independence Day holidays.
“In general, the inventory data shows that the oil market is shrinking,” said Vivek Dhar, an analyst at Commonwealth Bank of Australia, as quoted by Bloomberg. – “The key risk that could lead to a decline in oil prices in the short term is the possibility of a weaker-than-expected increase in oil demand in China.
Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The study was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:
The results of the survey are as follows:
Completely positive – 7.9%.
Mostly positive – 38.8
Mostly negative – 13.4
Completely negative – 1.2
Difficult to answer – 38.8%.
Positive – Negative – 32.1
On January 25, 1992, diplomatic relations between Ukraine and the Arab Republic of Egypt were established.
The joint research by Active Group and Experts Club on the attitudes of Ukrainians towards the countries of East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at
International chain JYSK on June 20 opened a new store in Ternopil in XL format in the shopping mall “Podolyany” (28h Tekstilna street), the press service of the retailer reported.
“In June it is planned to open 17 new JYSK stores in 12 European countries. It is nice that JYSK Ukraine is part of this expansion. Despite air alerts, we opened two new stores this month,” the press service quotes Country Director of JYSK in Ukraine Eugene Ivanytsu.
The new store is the second in Ternopil, its sales area is 1238 square meters, warehouse – 410 square meters, plus a separate office space of 51 square meters. m. The new store in Ternopil is built according to the 3.0 concept, which implies better spot lighting, more modern design and more comfortable for the customer zonal arrangement of goods.
The press-service added that the expanded area allows to offer customers a wider range of goods. In particular, some of the goods, which are usually available only online, are presented here.
Currently, 97 stores and the online store jysk.ua operate in Ukraine. By the end of 2024 it is planned to reach the mark of 100 stores. The candidate cities where the 100th store will be opened have been preliminarily determined, it will be either Kalush or Krivoy Rog already in August.
JYSK has over 800 employees in the country.
JYSK is a part of family Lars Larsen Group with more than 3.4 thousand stores in 48 countries.
JYSK’s revenue in fiscal year 2022/23 amounted to EUR5.2 billion.
International rating agencies S&P Global and Fitch have downgraded their outlooks for China’s residential real estate market.
real estate, despite Beijing’s announced package of measures to support it.
S&P forecasts a 15% decline in housing sales in China this year, while earlier it expected a 5% decline. According to the agency’s forecast, published on Thursday, the volume of sales of residential real estate in the country will total less than 10 trillion yuan ($1.4 trillion) this year, about half the peak level recorded in 2021.
Fitch this week also worsened its forecast for home sales in the PRC: the agency now expects sales to fall by 15-20% this year, rather than the 5-10% previously estimated.
The lowered forecasts show that rating agencies are not confident in the success of a large-scale package of market support measures, the launch of which the Chinese authorities announced in May. In particular, it includes the abolition of the lower limit on mortgage rates, as well as lowering down payment requirements for real estate buyers using mortgages. In addition, Beijing urged authorities in cities with a surplus stock of ready-made houses to buy back properties at reasonable prices for later use as affordable housing.
Prices of new buildings in China’s major cities fell for the 11th straight month in May. According to a report by China’s State Statistics Office (SSO), the cost of new housing in the country’s 70 largest cities fell 3.9% year-on-year last month, the most since June 2015.
Real estate accounts for about 78% of Chinese residents’ wealth, Bloomberg notes.
Poland is becoming an increasingly popular destination for real estate investment among foreigners. This is due to economic stability, a growing real estate market and attractive prices. In this article, we will look at the peculiarities of buying and selling real estate in three key Polish cities: Wroclaw, Krakow and Warsaw.
Wroclaw: The city of a thousand bridges
Buying real estate in Wroclaw
Wroclaw, with its rich history and cultural heritage, is one of the most attractive cities for investment. Buying real estate in Wroclaw offers a variety from historic buildings in the city center to modern apartments in new residential complexes.
– Prices: The average price per square meter in Wroclaw ranges from 7000 to 11000 PLN, depending on the neighborhood and the condition of the property.
– Buying process: The process begins with selecting a suitable property, checking its legal purity and finalizing the transaction through a notary.
Additional costs such as purchase tax (2%) and notary fees should also be taken into account.
Real estate for sale in Wroclaw
Selling real estate in Wrocław can be profitable, especially if the property is located in a prestigious area or has unique characteristics.
Preparation for sale: It is important to properly prepare the property for sale by making the necessary repairs and putting it in an attractive condition.
Marketing: Effective marketing, including professional photos and advertising on popular platforms, can significantly speed up the sale process.
Krakow: The cultural capital of Poland
Buying real estate in Krakow
Krakow is known for its old town and universities, which makes it attractive for students and tourists. Buying real estate in Krakow can be a great investment for both living and renting.
– Prices: The average price per square meter in Krakow is between 8000 and 12000 PLN.
– Buying process: Buying real estate in Krakow requires a thorough check of the documents and the legal purity of the property. Notary fees and purchase tax should also be taken into account.
Selling real estate in Krakow
Selling real estate in Krakow can be particularly lucrative due to the constant demand from students and tourists.
– Preparing for the sale: Before putting a property up for sale, it is important to assess the market value and, if necessary, improve the condition of the property.
– Marketing: Placing ads on popular websites, using social media and professional photography will help attract more potential buyers.
Warsaw: The capital and economic center of Poland
Buying real estate in Warsaw
Warsaw, as the capital of Poland, attracts investors from all over the world. Many international companies have their headquarters here, which makes the real estate market very active.
– Prices: The average price per square meter in Warsaw varies from 9000 to 15000 PLN.
– Buying process: Buying real estate in Warsaw requires attention to detail and legal aspects. It is recommended to use the services of professional realtors and lawyers.
Selling real estate in Warsaw
Selling real estate in Warsaw can be very profitable, especially in central areas and areas with good infrastructure.
Preparation for sale: High-quality preparation of the property, including renovation and decoration, will help to increase its attractiveness.
– Marketing: The use of various marketing channels, including online platforms and social media, will help to reach a wide audience.
Conclusion.
Buying and selling real estate in Wroclaw, Krakow, and Warsaw has its own peculiarities, but in all cases it is important to take into account legal aspects, market trends, and effective marketing strategies. Whether you are looking for a home for yourself or an investment, Poland offers many opportunities for successful real estate transactions.
More than a thousand families have received monetary assistance from the Ukrainian Red Cross for rehabilitation.
“1,196 families from Kiev and Mykolaiv have received monetary assistance from the Ukrainian Red Cross for the rehabilitation of children and adults totaling more than 35 million hryvnias,” the Ukrainian Red Cross said on Facebook on Thursday.
The Ukrainian Red Cross provided cash assistance to patients undergoing rehabilitation at the National Children’s Specialized Hospital of the Ministry of Health of Ukraine “Okhmatdet” in Kiev and several rehabilitation centers in Mykolaiv under the Cash for Rehabilitation program supported by the British Red Cross. Each patient under the program received 30 thousand hryvnias.
“This amount was determined based on the results of a preliminary survey among families whose children or relatives are undergoing or need physical rehabilitation in medical institutions of the country, in particular, in the Okhmatdet hospital in Kiev and institutions in Mykolaiv,” said Elena Skrypnikova, head of the Innovative Financing Department of the Ukrainian Red Cross.
According to her, the categories of injuries and illnesses for which monetary assistance is provided have also been defined: rehabilitation after wounds received as a result of hostilities or the action of explosive objects; rehabilitation services due to congenital diseases; rehabilitation due to chronic diseases, in particular, oncological, cardiovascular and others.
The majority of children and adults who received cash assistance already have disability status or are in the process of obtaining it. In addition, families surveyed indicated a need for auxiliary aids such as wheelchairs, walkers, hand or foot orthoses.
