Prometey Group has bought 5 new DAF grain trucks with Wielton semi-trailers, thanks to which its truck fleet has expanded to 45 units, follows from a press release from the grain trader on Friday.
It is specified that the next delivery of 10 tractors with semi-trailers will take place in the first ten days of October. In total, by the end of the year, the group of companies plans to increase the fleet of grain carriers to 100 units.
“An appropriate strategy for the development of transport logistics will become a competitive advantage and will reduce the group’s logistics costs. In addition, in connection with the war, the issue of mobility of any company is more than relevant. The Grain Corridor partially reoriented logistics routes leading to the western border of Ukraine to the south , but it cannot be said that this change will lead to a significant reduction in the need for trucks,” the grain trader specified in a press release.
As reported, in June Prometey announced its intention to expand its fleet of cargo grain carriers to 100 units by the end of 2022. Also in June, the grain trader signed an agreement with the state-owned Ukrgasbank to receive UAH 450 million in financing for a sowing campaign and trading activities in agricultural products.
In August, the group of companies received the first batch of 19 new MAN TGX tractors coupled with Wielton semi-trailers.
GC “Prometey” provides services for the storage, processing and logistics of grain and leguminous crops on the basis of 29 elevators in Mykolaiv, Kirovograd, Kyiv, Khmelnytsky, Zaporozhye, Sumy, Odessa, Kherson and Dnepropetrovsk regions.
At the end of 2021, the group of companies planned to receive $45 million in EBITDA, while in 2020 this figure reached $32.6 million, and in 2019 – $30.5 million.
Dynamics of gold and foreign reserves of Ukraine from 2012 to 2022
NBU
Oil prices fall on Friday, once again ending the week in the red.
The pressure on the market is exerted by fears of a recession in the global economy as a result of raising interest rates by central banks around the world. At the same time, the decline in prices is constrained by expectations of a reduction in supply on the market, including supplies from Russia.
The cost of November futures for Brent crude on the London ICE Futures exchange by 8:15 am CST on Friday is $90.17 per barrel, which is $0.29 (0.32%) lower than the closing price of the previous session. As a result of trading on Thursday, these contracts rose by $0.63 (0.7%) to $90.46 per barrel.
The price of futures for WTI oil for November in electronic trading on the New York Mercantile Exchange (NYMEX) fell by this time by $0.25 (0.3%), to $83.24 per barrel. By the close of the market on Thursday, the value of these contracts rose by $0.55 (0.7%) to $83.49 per barrel.
OPEC countries may resort to further cuts in oil production if the market continues to decline as the current level of prices affects the budgets of members of the cartel, Nigerian Oil Minister Timipre Silva said in an interview with Bloomberg on Thursday.
Fitch Solutions experts note the presence of signals of weakening demand for oil in the physical market. “The near-term outlook remains highly uncertain,” Fitch said in a review.
Since the beginning of the Russian military aggression in Ukraine, the insurance market of Ukraine has decreased by five participants in the non-life segment, Yulia Khristolyubskaya, deputy head of the department for supervision of insurance companies of the National Bank of Ukraine, said at a meeting with insurance market participants on Thursday.
According to her, of these insurers, three left the market after the cancellation of licenses as a measure of influence, one – upon application, and one insurer, which was registered in January 2022 and did not receive a single license.
“We do not observe any rapid exit of companies from the market as a result of supervisory actions of the NBU or at the request of insurers. The market is stable and continues to work in most of its participants,” Khristolyubskaya said.
She also clarified that as of September 22, 2022, licenses for insurance activities were temporarily suspended for three companies, and they were canceled for one.
According to her, as of September 1, 2022, 140 insurance companies were registered in the State Register of Financial Institutions, 13 of them specialize in life insurance.
With reference to NBU data, Khristolyubskaya also said that 91% of insurers filed reports for 2021, 96% of those entered into the State Register for the first half of 2022, and 97% of companies included in the state register for the first quarter.
At the same time, she stressed that of all segments of the non-banking financial market, the insurance market has the highest level of reporting discipline. This is a consequence of the constant communication of the supervisor with problematic insurance companies by sending requests for information disclosure and applying adequate enforcement measures.
The share of the US dollar in international settlements increased in August for the third month in a row, while the use of the euro fell to a minimum in more than two years, according to the SWIFT settlement system.
The share of the single European currency fell to 34.5%, which is 1 percentage point lower than in July. Meanwhile, the dollar continued to hold a leading position for the fifteenth month with a figure of 42.6% against 41.2% in July.
In August 2021, the euro accounted for 36% of global settlements, the US national currency – 39%.
Demand for settlements in dollars, considered a safe haven currency, has grown significantly in recent months, including due to the energy crisis in Europe and the ongoing full-scale war unleashed by Russia against Ukraine, Bloomberg notes.
The share of the Chinese yuan in international settlements last month reached a maximum since January – 2.3%. In July, it was 2.2%, and in August 2021 – 1.9%.
The pound sterling in the last month of the summer accounted for 6.5%, as in July. The share of the yen fell to 2.7% from 2.8%. In August last year, the figures were at the level of 6.7% for the British currency and 3.6% for the Japanese.
President of Ukraine Volodymyr Zelenskyy had an online call with American actress and singer Barbra Streisand, who became the UNITED24 fundraising platform ambassador.
“During an online call, I discussed the details of our cooperation with Barbra Streisand, who became the UNITED24 Fundraising Platform Ambassador in the direction of Medical Assistance. The world can get a little tired of thinking about Ukraine every day, but communities in the US and European countries continue to support and help us. It is very important for us that such talented and world-famous people support the platform. Mrs. Streisand, thank you for supporting Ukraine!”
