Number of unemployed in Ukraine and job opportunities, Apr 22 – Apr 23
Source: Open4Business.com.ua and experts.news
The National Securities and Stock Market Commission of Ukraine on May 30 registered the report on the results of issue of interest-bearing unsecured bonds of Nova Posta LLC of Series D with the total nominal value of UAH 800 mln without making a public offering.
According to Standard-Rating, which assigned uaAA credit rating to Nova Posta D-series bonds, they were issued with maturity from 27 to 31 January 2025 with quarterly interest payments and nominal rate of 23% per annum.
It is indicated that 29% of the funds raised will be used to support the issuer’s operating facilities, 25% to create safe spaces for the issuer’s employees and 46% to invest in BDF containers, container ships and plastic parcel containers.
As reported, in February this year, Nova Posta redeemed UAH 700 million worth of Series B bonds issued in March 2020.
The circulation term of the bond series “C” – until January 12, 2024, the nominal interest rate on it – 24% per annum.
According to “Standard-Rating”, the revenue of “New Post” in the first quarter of 2023 rose by 2.1 times or 113.2% to 8 billion 83.1 million UAH, EBITDA – almost 4.4 times to 1 billion 307.8 million UAH and net profit – almost 8 times to 1 billion 54.91 million UAH.
The company “ATB-Market” after the restoration and reconstruction on Thursday, June 1, opened the fourth store “ATB” in Bucha, Kiev region on Tarasovskaya Street 2-V, the press service of the company said.
As specified to Interfax-Ukraine agency in press-service, the total area of a store makes 1261 sq. m, useful – 771,9 sq. m. In the renovated store eight cash desks. Working hours are from 7 a.m. to 10 p.m. Near the store is a parking lot for 22 parking spaces.
ATB Corporation – a union of large Ukrainian companies, operating in such business areas as retail, asset management, production and sale of food, and the provision of services in the field of sport and recreation. More than 70 thousand people work at the enterprises of corporation.
The retail network of the corporation as of June 1, 2023, consists of 1188 stores against 1316 in January 2022. Following the results of the last year in conditions of full-scale war unleashed by Russia against Ukraine, the corporation “ATB” paid to the budgets of different levels 20,4 billion UAH of taxes and fees, which exceeds the previous year’s figure almost by 1 billion UAH.
The ban on the export of wheat, barley, rapeseed and sunflower seeds from Ukraine to Poland, Hungary, Slovakia, Romania and Bulgaria, imposed on May 2 for the period until June 5, will be extended until September 15, the Polish Minister of Agriculture and Rural Development Robert Telusz said.
“It (the relevant regulation) has not yet been approved or published, but we have information that the European Commission has extended the ban on imports of wheat, corn, rapeseed and sunflower from Ukraine until mid-September 2023,” the minister was quoted by the press service of the Polish agency on Monday evening.
According to Telusz, if the information about the ban on imports is confirmed, as of tomorrow, Poland will not be able to receive grain on contracts concluded before May 2, 2023.
Polish minister also said that negotiations with the so-called Eastern European border countries and the European Commission will continue. They will discuss the prospect of further extending the ban on the import of Ukrainian grain to these countries after September 15, 2023.
The Polish Agriculture Ministry said that the ban can be made more flexible taking into account the specifics of individual countries.
Speaking about grain exports, Telusz said 1.054 million tons of grain were exported from Poland in March, 1.152 million tons in April and the same amount was exported in May.
“That brings the total to more than 3 million tons of grains exported from Poland. At the same time, imports are falling. In February it was 270 thousand tons, in March 260 thousand tons, and in April only 49 thousand tons,” summarized the minister.
As reported, on Monday morning Telush reported receiving from the EU a new draft regulation to extend the ban on imports of four types of grains and oilseeds from Ukraine to five countries until September 15, 2023 and expressed hope that it will be introduced as early as June 6.
The European Commission’s speaker for agriculture and trade, Miriam Garcia Ferrer, clarified at a briefing at noon that no decision has been made at this stage, discussions are ongoing.
The EU ban on imports of wheat, corn, rapeseed and sunflower from Ukraine came into force on May 2 and replaced unilateral import bans imposed by countries bordering Ukraine, particularly Poland, Bulgaria, Hungary and Slovakia, in violation of the Association Agreement and EU internal regulations as of April 28.
As noted by the EU, Bulgaria, Hungary, Poland and Slovakia undertook to cancel unilateral measures on these and all other goods originating from Ukraine and to allow free transit.
Danube ports in May handled a record volume of cargo – more than 3 million tons, the Administration of Sea Ports (AMPU) reported on Facebook.
“According to operational data, more than 3 million tons were transshipped by Danube ports in May. This is an absolute record for the ports of this region,” stated in AMPU.
Such result, as the report says with reference to the head of AMPU Yuriy Litvin, was achieved due to responsible and coordinated actions of business, the team of AMPU and the Ministry of Development of Communities, Territories and Infrastructure.
“Development of the Danube cluster is one of the priority tasks of our company. Already now well-known world companies are investing in the development of port facilities and fleet on the Danube, which allows us to constantly increase the volume of exports and imports. This month, public and private stevedoring companies have renewed their historical records,” he said.
Development of the ports of the Danube cluster, the report points out, is a priority for the European partners. The European Commission and the Danube Commission for Cooperation with the Lower Danube Administration and the Romanian Ministry of Transport are working on increasing the throughput capacity of the Sulina channel, as the productive work of the Danube ports depends on it.
It is expected that by the end of 2023, the volume of cargo handled in the Danube ports could grow to 20 million tons, compared to 16 million tons in 2022, which is three times higher than before the war.
Oil prices strengthened their rebound Monday afternoon as investors assessed the outcome of last weekend’s OPEC+ meeting.
Futures on Brent crude oil for August at London’s ICE Futures Exchange rose by $1.37 (1.8%) to $77.5 per barrel by 2:24 pm.
WTI July futures traded on the NYMEX rose by $1.37 (1.91%) to $73.11 per barrel by that time.
Last Friday, Brent gained 2.5% and WTI gained 2.3%.
OPEC+ countries at a meeting in Vienna on June 4 decided to reduce oil production quotas by another 1.4 mln bpd – to 40.46 mln bpd. The states voluntarily reducing production since May by 1.66 million bpd will extend the cuts for the entire year 2024.
Meanwhile, Saudi Arabia will reduce production by an additional 1 million b/d as early as this year and will think about a possible extension of such measure every month depending on the market situation to stabilize it.
“Saudi Arabia is more active than most other OPEC members in seeking to maintain oil prices above the $80 a barrel mark because it is important to the country’s budget balance for this year,” DBS Bank analyst Survo Sarkar wrote.
Rystad Energy, a consultancy, estimates that additional production cuts by the kingdom will increase the global market deficit to 3 million bpd in July, which will support prices in the coming weeks.
