Bitcoin fell to a two-year low in trading Friday on news that cryptocurrency exchange FTX has initiated bankruptcy under Section 11 of the U.S. Bankruptcy Code.
The company’s CEO, Sam Bankman-Fried, has stepped down, according to a statement circulated by FTX via Twitter. John Ray III has been named the company’s new CEO.
Bitcoin is losing 3.8% in trading, at $16,803 as of 5:40 p.m. Ksk. Earlier in the session, it was down to a two-year low of $16,351.52, Coindesk notes.
Ether (Ethereum) fell 4.5% to $1255.8 and Binance Coin fell 6.2% to $285.11.
Earlier on Friday, the head of the world’s largest cryptocurrency exchange Binance, Changpeng Zhao, said during a conference in Indonesia that the cryptocurrency sector is facing a crisis similar to the financial crisis of 2008, which could lead to the collapse of several companies in the sector in the coming weeks.
PJSC “Promarmatura” (Dnipro) following the results of work in 2021 received a net profit in the amount of UAH 13,212 mln. and finished the year 2020 with a net loss of UAH 3,917 mln.
According to the note to the published agenda for the annual general meeting of shareholders, which will be held remotely on December 13, 2022, the company’s undistributed profits at the end of last year amounted to 149.208 million UAH.
The shareholders intend to summarize the results of 2021 and distribute profits received last year. According to the agenda, it is proposed not to distribute profits and not to pay out dividends for 2021.
Besides, the meeting intends to preliminarily approve major transactions.
The company “Promarmatura” was founded in December 1994 and is on the market of pipeline valves.
According to the NDU as of the end of 2021, two individuals – Ukrainian citizens Igor Mezhebovsky and Alexander Chelyadin – each hold 50% of the company.
The charter capital of the company is UAH 7.218 mln.
Centravis Production Ukraine PJSC (Centravis Production Ukraine), part of Centravis Ltd. holding, is provided with electricity in the necessary quantity and works in three shifts.
Artem Atanasov, chief sales officer (CSO), said in a letter to customers Friday that Ukraine continues to be in an active defense against the aggressor country.
“But the situation on the front is changing dynamically. Our Armed Forces are moving closer to Kherson and the Russian military command has announced the withdrawal of troops from the right bank of the Dnieper River. Nevertheless, Ukrainians perceive everything with restraint and this is how it should be in wartime,” states the Sales Director.
According to him, “Centravis” production continues to work effectively, the plant receives electricity without interruption. Key sectors of hot and cold shops continue to work in 3 shifts. All equipment is up and running and production is stocked with all necessary materials.
“Our logistics team is constantly looking for the best and safest ways to deliver finished products. Our sales offices around the world in Essen, Milan, Krakow, Lugano, Houston and Dubai are open,” Atanasov noted.
And he added that Centravis is optimistic about the future.
“After ADIPEC in Abu Dhabi, we got new partnerships and we see a high interest of the world’s leading companies in our products. This allows us to plan to expand our production in the near future,” summarized the top manager.
“Centravis” is one of the world’s largest manufacturers of seamless stainless steel pipes, founded in 2000. Its production capacities are located in Nikopol (Dnepropetrovsk region). It ranks among the top 10 world players and supplies pipes to over 70 countries from different regions of the world, in particular to Thyssenkrupp, Buhlmann, BMW, Alstom, Linde, Samsung, and Volkswagen.
Before the Russian aggression the company employed over 1400 people.
Holding Centravis Ltd. was created on the basis of Nikopol Stainless Pipes Plant CJSC, service and trading companies of Industrial and Commercial Enterprise Yuvis Ltd. Its shareholders are members of the Atanasov family.
Centravis Ltd. owns 100% of shares of Centravis Production Ukraine PJSC.
Fozzy Group PJSC (Vyshneve, Kyiv region), which is part of Fozzy Group trading and industrial group (TIG), is going to pay out UAH 120 mln in dividends to its shareholders in 2021.
According to the company’s announcement made by the National Securities and Stock Market Commission (SSMSC) about the December 12 annual general meeting of shareholders, the dividends will be paid on the basis of UAH 3.75 per one common registered share.
“Fozzy Group also plans to accrue reserve capital for 2020 in the amount of 540.1 thousand UAH, and for 2021 – 3.95 million UAH.
According to preliminary financial statements of the company, its net profit in 2021 increased 11 times compared with the previous year – up to 124.3 million UAH.
The total accounts receivable of PrJSC at the end of last year increased 1.7 times and amounted to 1.6 billion UAH. Current liabilities decreased by 3.3% to UAH 1.58 billion, while there were no long-term liabilities at the end of 2021.
Undistributed profits last year amounted to UAH 137.3 mln.
The total assets of Fozzy Group at the end of 2021 amounted to UAH 3.67 billion.
As reported, Fozzy Group ended 2020 with a net profit of 8.6 million UAH, while in 2019 received a net loss of 5 million UAH.
PJSC Fozzy Group was founded in 2005. According to the NCSSM, its shareholder is Fozzy Group LLC (98.7%). Vladimir Kostelman is listed as the ultimate beneficiary.
Fozzy Group is one of the biggest Ukrainian retailers with more than 690 outlets all over the country. The company develops retail chains of different formats: Silpo supermarkets, Fozzy Cash&Carry wholesale hypermarkets, Fora convenience stores, Thrash! discounters, Bila Romashka pharmaceutical supermarkets, Ringoo personal electronics stores.
On the 28th of October the scientific and practical seminar on “Vintage (molesime) wines and cognacs” was held in Kiev analytical center “Club of experts” with the assistance of the public association “Association of gardeners, winegrowers and winemakers of Ukraine” (“Ukrsadvynprom”) and with the participation of an expert collector of vintage alcoholic beverages Igor Magalyas.
There were 17 kinds of wine drinks, produced in Ukraine and Europe, aged up to 80 years. During the tasting the expert group evaluated the individual qualities of drinks with different ageing and determined their organoleptic characteristics.
According to Maxim Urakin, the organizer of the conference, in the future holding of such events will help to develop the market of vintage beverages in Ukraine and increase the export potential of domestic producers.
“At the moment vintage wines and cognacs are considered elite and unattainable for the average buyer. In reality this is not the case. In EU countries this category of drinks is available for all segments of the population and their prices are not much higher than the average price for ordinary wine on the supermarket shelves”, he said.
Co-organizer of the conference, wine expert Igor Magalyas stressed the importance of popularization of Ukrainian brands of vintage beverages in Europe.
“The market of vintage wines and cognacs in the European Union is quite extensive. The main exporters of such products are Italy, Spain and France. Ukraine has no less potential in this direction,” Magalyas emphasized.
Vintage (molesim) in wine-making means a year of vintage of a certain type of grapes, from which wine, cognac or other drink on its basis is produced. This indicator is important in determining the characteristics of the drink because weather and climatic conditions change every season, which can both positively and negatively affect the organoleptic characteristics of beverages of the same brand.
The Club of Experts is Kiev analytical center, which is engaged in researches in the field of economics, sociology and other scientific disciplines. In particular, with the assistance of the Club of experts during the last year there were held several events for the promotion of the national winemaking products.
Public Union “Ukrsadvindindprom” was a partner of the seminar and tasting. “Ukrsadvindwinprom” unites about 200 producers of fruits, berries, nuts and grapes, enterprises that process fruits and berries and produce wine, as well as scientific institutions for implementation of new scientific approaches in production.
CLUB OF EXPERTS, CONFERENCE, SCIENCE, UKRSADVINPROM, URAKIN, vintage wine, WINE, WINEMAKING, Магаляс
President of Ukraine Volodymyr Zelensky thanked the United States for a package of assistance, including Avenger air defense systems
“Thank you Joe Biden and friendly U.S. people for showing solidarity once again – an aid package including Avenger air defense systems and missiles for Hawk air defense systems. Together we’re building an air shield to protect Ukraine’s civilians. We’re bringing victory over the aggressor closer!” He said on Twitter on Thursday evening.
