Business news from Ukraine

Business news from Ukraine

Hourly blackout schedule introduced from Thursday

On Thursday, NPC Ukrenergo put into effect schedules of hourly shutdowns for consumers in Kyiv, Kyiv, Chernihiv, Cherkasy, Zhytomyr, Sumy, Kharkiv and Poltava regions.
According to the operator, for all categories of consumers in the Dnepropetrovsk, Zaporozhye and Kirovohrad regions, the schedules of emergency shutdowns introduced on Wednesday evening continue to operate.
“We remind you that consumption restrictions are necessary to reduce the load on the networks, ensure the constant balancing of the power system and avoid repeated accidents after the power grids were damaged by rocket attacks and attacks by Russian drones,” the NEC notes.
In addition, the measures allow power engineers to restore damaged power facilities as soon as possible, balance the system and provide power to all consumers.
Source

Map of destruction of agricultural sector of Ukraine has been created

On November 3, the All-Ukrainian Agrarian Rada (VAR) public organization, with the support of the US Agrarian and Rural Development Program (USAID), launched an interactive map of the destruction of the agricultural sector in Ukraine, created to demonstrate the real damage caused to the industry by Russian aggression.
As reported on the VAR website, the disclosure of such information can help Ukrainian agricultural producers record the war crimes of the Russians against the Ukrainian agro-industrial complex, which have inflicted over $6 billion in direct losses since the start of the full-scale aggression.
According to the organization, the interactive map posted on the resource agrirecovery.com.ua will become a reliable source of data for the world community, potential investors and government authorities of Ukraine.
During the presentation, the head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, Daniil Getmantsev, said that the resumption of Ukraine’s agricultural sector after its victory over the Russian Federation should bring it to a higher level, while it is important to record it in detail in order to compensate for the damage.
“We must understand how and how much to collect damages from the aggressor, have a clear legal mechanism that will be acceptable for conducting cases in international courts. So, we urgently need to record the destruction in order to collect the necessary evidence to recover funds from the aggressor after our victory” , – VAR quotes Getmantsev.
According to the organization, the interactive map is designed to document damage and crimes in the interests of the farmers themselves, since the information posted there will be seen by international organizations that make political decisions to support Ukraine. At the same time, it is important that private investment and charitable foundations have access to this information, which will be able to find potential enterprises on an interactive map for further targeted assistance in their restoration.
It is specified that the Vkurse Agro project became the technical developer of the map. The map is bilingual: information is presented in Ukrainian and English. The portal provides opportunities for searching and downloading data, photo materials of destruction for each farm, displays information about damaged land plots, land reclamation facilities, crops, etc. A simple algorithm has also been developed for adding new objects, it is possible to use feedback.

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Maersk decides to liquidate Russian subsidiary

The sole participant of Maersk LLC has decided to liquidate the company, according to materials on Fedresurs.
Creditors can file claims with the company within two months from the date of publication of the announcement in the State Registration Bulletin. Natalia Polukeeva has been appointed head of the liquidation commission.
According to the Unified State Register of Legal Entities as of November 2, 100% of the registered capital of Maersk LLC is owned by the founder – Danish Maersk Line Agency Holding A/S (the marine container transportation division of Maersk).
Maersk LLC (St. Petersburg) was registered through the reorganization of CJSC Maersk in 2014. According to the SPARK-Interfax system, the company’s revenue to RAS in 2021 was 845.9 million rubles.
As reported, the Danish transport and logistics company A.P. Moeller-Maersk A/S in March announced the termination of its operations in Russia and notified Russian customers that it had begun winding down its business activities in Russia.
Through APM Terminals (APMT, a terminal subsidiary) Maersk owned a 30.75% stake in Global Ports, the largest operator of container terminals in Russia, and Delo Group closed a deal to buy that stake from APMT in September.
“The process of selling the remaining assets is ongoing,” Maersk said in the company’s Q3 2022 report Thursday.
According to financial reporting, Maersk’s revenue rose 37% year-on-year in Q3 2022 to $22.77 billion, while profit in July-September was $8.88 billion compared to $5.44 billion in the prior year.

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Stock indices of Asia-Pacific countries fall following dynamics of US stock market

Stock indices of the countries of the Asia-Pacific region fall at the auction on Thursday, following the dynamics of the US stock market.
Exchanges in Japan are closed due to the celebration of the Day of Culture in the country.
Investors evaluate the results of the November meeting of the US Federal Reserve System. The American Central Bank expectedly raised the interest rate by 75 basis points, now its range is 3.75-4% per annum. It was increased by this amount following the results of the fourth meeting in a row. The rate is now at its highest level since January 2008.
At the same time, the Fed pointed to the possibility of slowing down the pace of rate hikes in the future. Fed Chairman Jerome Powell said at a press conference after the meeting that the issue would likely be discussed at the December meeting or early next year.
The Chinese Shanghai Composite index fell by 0.6% by 7:05 a.m. The Hong Kong Hang Seng lost 2.8%.
PC maker Lenovo Group is down 0.8%. The company in the second financial quarter increased net profit by 6%, but reduced revenue by 4%.
Papers of pharmaceutical CanSino Biologics Inc. cheaper by 26.5%. The company said it does not expect strong growth in profits from the sale of China’s first inhaled COVID-19 vaccine due to strong domestic competition and declining global demand.
Shares of other Chinese pharmaceutical companies also fall on this news. Stock quotes CSPC Pharmaceutical Group Ltd. lose 10.1% and lead the decline as part of Hang Seng, Sino Biopharmaceutical (SPB: 1177) Ltd. – decrease by 5.9%.
In addition, the securities of the video game developer Netease Inc. are actively losing in price on the Hong Kong Stock Exchange. (SPB: NTES) (-6.7%), casino operator Sands China (SPB: 1928) Ltd. (-6.1%) and online retailer Alibaba Group Holding (SPB: BABA) Ltd. (-6%).
China’s Purchasing Managers’ Index (PMI) fell to 48.3 in October from 48.5 in September, according to data compiled by Caixin Media and S&P Global. The indicator value above 50 points indicates an increase in business activity, below – its decline. The October indicator is below 50 points for the second month in a row and has updated the minimum since May.
Analysts note that the continued strict coronavirus restrictions in China contribute to the decrease in activity.
The South Korean index Kospi fell by 0.12% by 7:25 a.m.
Quotes of securities of one of the world’s largest manufacturers of chips and electronics Samsung Electronics Co. decrease by 0.5%, the cost of automaker Hyundai Motor decreased by 2.1%.
The Australian S&P/ASX 200 fell 1.8% on Thursday.
Share prices of the world’s largest mining companies BHP and Rio Tinto lost 3.1% and 2.3%, respectively.

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All participants in the playoffs of the Champions League determined

Following the results of the matches of the sixth round of the UEFA Champions League group stage, a complete list of teams that won tickets to the 1/8 finals of the tournament was formed.

By the second session of the matches of the reporting round, one ticket remained vacant, for which the local Milan and the Austrian Salzburg were fighting for it face-to-face in Italy. Milan won 4-0, scored 10 points and qualified for the play-offs from second place in Group E. Chelsea finished first with 13 points.

Bayern Munich (Germany), Manchester City, Tottenham, Chelsea (all England), Porto (Portugal), Napoli (Italy), Real “(Spain), “Paris Saint-Germain” (France).

From the second places, in addition to Milan, Liverpool (England), Brugge (Belgium), Inter, Milan (both Italy), Eintracht Frankfurt, RB Leipzig were selected for the 1/8 finals , “Borussia Dortmund” (all – Germany), “Benfica” (Portugal).

Consolation trips to the playoffs of the Europa League, the second-highest club tournament on the continent, were taken by the teams that became third in their Champions League groups: Ajax (Netherlands), Bayer (Germany), Sporting CP (Portugal), Salzburg (Austria), Shakhtar (Ukraine), Barcelona, ​​Sevilla (both Spain), Juventus (Italy).

Group outsiders dropped out of European competition: Rangers (Scotland), Atletico (Spain), Victoria (Czech Republic), Marseille (France), Dynamo Zagreb (Croatia), Celtic (Scotland), ” Copenhagen (Denmark), Maccabi Haifa (Israel).

The draw for the 1/8 finals of the Champions League will take place on 7 November in Nyon.

“Ukrspetsexport” increased its net income by 10 times

The State Company for the Import and Export of Military and Special Purpose Services Ukrspetsexport in January-September 2022 received a net income of UAH 11 billion 479.5 million, which is almost 10 times more than in the same period of 2021.
According to the interim financial report of the state-owned company in the disclosure system of the National Commission for Securities and Stock Market (NKTSBFR), while net profit decreased by 45.4% – to UAH 22.21 million.
From operating activities, the company received UAH 85.48 million of profit – 22% more, and gross profit increased by 5.5% – to UAH 558.14 million.
As reported, in the first quarter of this year, Ukrspetsexport reduced its net income by 3.7 times compared to January-March last year, to UAH 124.66 million, while net profit increased by 2.4 times, to UAH 41.24 million.
At the same time, according to the company’s report to the National Securities and Stock Market Commission, in the first half of the year, Ukrspetsexport increased its net income by more than 7 times by January-June 2021, up to UAH 5 billion 496 million, with a decrease in net profit by 33.9% – up to 19 .25 million UAH.
Thus, according to the results of the third quarter, the net profit of the state-owned company decreased by 3.9 times by July-September 2021, to UAH 2.96 million, with a 16-fold increase in net income, to UAH 5 billion 983 million.
As reported, by decision of the government, in March, Ukrspetsexport and its two subsidiaries: the specialized foreign trade firm Progress and the foreign trade enterprise Spetstechnoexport were temporarily excluded from the state concern Ukroboronprom and transferred to the Ministry of Defense.
In 2021, the state-owned company reduced its net profit by 2.2 times by 2020, to UAH 122.28 million, while net income increased by 2%, to UAH 2 billion 015 million.
By the beginning of this year, the company employed 427 people.