On Thursday, August 18, UN Secretary General António Guterres will take part in a trilateral meeting in Lviv with Turkish President Recep Tayyip Erdogan and Ukrainian President Volodymyr Zelensky, Deputy Secretary General Stefan Dujjarik said on Tuesday.
“The UN Secretary General will arrive in Lviv on Thursday for a trilateral meeting with Turkish President Erdogan and Ukrainian leader Zelensky,” he said.
“The next day he will go to Odessa and visit the local port, one of the three busiest ports on the Black Sea,” he said.
Duzhzharik added that the UN expects a bilateral meeting between Guterres and Zelensky.
In Istanbul on July 22, with the participation of the UN, Russia, Turkey and Ukraine, two documents were signed on the creation of a corridor for the export of grain from three ports on Ukrainian territory – Chornomorsk, Odessa and Yuzhny.
Earlier, the “Club of Experts” released an analysis of the main events that should take place on August 15-21 in Ukraine and the world. For more video review, see the link
The share of state-owned banks in the total assets of the banking system in the first half of 2022 increased from 49.8% to 53.4%, including by 1.7 percentage points (pp) in the second quarter, reported in the review of the banking sector, published by the National Bank on Tuesday.
According to him, of the four state-owned banks, PrivatBank makes the main contribution, which increased its market share from 24.7% to 27% in the first half of the year, including by 1.2 percentage points in the second quarter.
As reported, after the banking crisis of 2014-2016, the nationalization of PrivatBank and the additional capitalization of state-owned banks, while many private banks were withdrawn from the market, the share of state-owned banks in the market increased significantly, but began to decline in subsequent years. In particular, in 2020-2021 it decreased from 60.4% to 49.8%, including PrivatBank – from 27.9% to 24.7%.
The increase in the share of banks during the war is mainly due to a decrease in the share of foreign groups, which fell from 30.1% to 27.2% in six months, while private banks – from 20.2% to 19.4%. At the same time, in the second quarter, private banks reduced their share faster – by 1.2 percentage points, while foreign banks – by 0.5 percentage points.
The same picture is observed in relation to net assets: the share of state-owned banks increased from 46.7% to 50% in the first half of the year, including PrivatBank – from 19.8% to 22.1%. The second quarter saw an increase of 2.2 percentage points, respectively. and 1.6 p.p.
The share of state-owned banks in attracting deposits is even greater: if in 2019-2021 it decreased from 63.5% to 55.5%, then in six months of this year it increased to 59.3%, including PrivatBank – from 31.2% % to 35.4%. The second quarter saw an increase of 3.4 p.p., respectively. and 2.6 p.p.
Over the past six months, the share of deposits in foreign banks has decreased from 25% to 22.9%, in private banks – from 19.5% to 17.8%, including in the second quarter by 1.6 percentage points, respectively. and 1.8 p.p.
In general, the NBU notes an increase in market concentration: the share of assets of the ten largest banks in total assets has increased from 73.8% to 77.6% since the beginning of the war
As a result, the Herfindahl-Hirschman Index (HHI), an indicator of concentration in the banking market, which at a value of up to 1000 indicates weak market concentration, rose during the war for total assets from 945 to 1116, returning to the level of the end of 2020, although at the end of 2019 year it was even higher – 1268.
And its value in terms of deposits – 1712 compared to 1395 before the war – has become significantly higher than at the end of 2019 (1597).
The NBU clarifies that the group of foreign banks at the middle of the year included 16 banks, while the group of private ones – 48.
JSC Chernigovgaz, which operates under the brand name of the Regional Gas Company, has issued technical conditions for connecting the first Ukrainian biomethane plant of Hals Agro LLC in the Chernihiv region, according to a press release from RGC.
“The regional gas company ordered the production of gas equipment for the plant at one of the RGC Production plants. The capacity of the first stage of construction, which will be completed by the end of this year, will be 330 cubic meters of biomethane per hour,” the document says.
According to RGC, the first phase of construction of gas networks involves the construction of a gas pipeline 800 m long, which will allow Hals Agro to transfer 330 cubic meters to gas distribution networks (GDS). m of biomethane per hour in winter. It is expected that the connection will take place before the end of 2022.
“This is the first project to connect a biomethane plant in Ukraine. We are ready to scale this experience in all regions where RGC operates. Our company has technical expertise and has access to technologies from leading gas equipment manufacturers, as well as the experience of European GDS operators who have been working with biomethane for many years “, – said Igor Gotsyk, head of decarbonization at RGC, quoted in the press release.
As explained in the company, in the future Hals Agro plans to increase the production of biomethane to 1100 cubic meters. m/h, and the specialists of RGC and Chernihivgaz will ring the coverage area of two adjacent gas distribution stations, building about 8 more km of the gas pipeline.
“Then the biomethane plant will have access to a larger number of consumers and will transfer biomethane to the network through two gas distribution stations at once. The work is planned to be completed by the beginning of the 2023/24 heating season,” the RGC informed.
The design capacity of the installed equipment for biogas purification into biomethane is about 3 million cubic meters. m per year, which is enough to provide local gas to 1,500 private households adjacent to the plant.
According to RGC, the gas control equipment and the gas metering unit required to connect to the grid are already being manufactured at one of the modern RGC Production plants. In this case, components and components from leading manufacturers Pietro Fiorentini and Emerson will be used, which have confirmed the quality of their equipment in working with biomethane in Europe and the world.
As reported, GDS operators operating under the RGC brand have simplified the connection of biomethane plants to gas distribution networks as much as possible and offer this service for 1 hryvnia. Biomethane producers must finance the construction of external and internal gas networks and equipment.
Gas distribution networks in Ukraine are the most suitable and promising for the connection of biomethane plants. They are the most branched across the country and have comparable system operation pressure with biomethane producers, which does not require the installation of additional equipment.
As of the beginning of June 2022, GTS Operator of Ukraine LLC (OGTSU) was approached by 26 companies planning to produce a total of 206 million cubic meters. m of biomethane per year.
According to experts of the Bioenergy Association of Ukraine, the production of biomethane in the country can reach 7.8 billion cubic meters. m per year.
The growth of consumer prices in Ukraine in July 2022 due to seasonal factors slowed down to 0.7% from 3.1% in June and 2.7% in May, returning to the level of the end of last year, the State Statistics Service reported (Gosstat) on Wednesday.
In July last year, inflation was 0.1%, so in annual terms, in July this year, it rose to 22.2% from 21.5% in June and 18% in May.
Core inflation over the past month also fell to 1.2% from 1.6% in June and 1.4% in May. However, taking into account the core deflation of 0.1% in July 2021 in annual terms, it increased to 16.7% from 14.9% in June and 13.7% in May.
Since the beginning of this year, for the first seven months, inflation in Ukraine amounted to 18.2%, and the base – 12.7%, said the State Statistics Service.
In the consumer market in July, prices for food and non-alcoholic beverages rose by 0.8%. Most of all (by 8.7%) the price of eggs rose. Prices for processed cereals, rice, pork, lard, fish and fish products, non-alcoholic drinks, bread and butter increased by 5.1-1.1%. At the same time, prices for fruits, beef and vegetables fell by 5.4–1.9%.
Prices for alcoholic beverages and tobacco products increased by 1.3%, incl. for tobacco products – by 1.8%, alcoholic beverages – by 0.8%.
Clothing and footwear fell in price by 3.5%, including footwear – by 3.8%, clothing – by 3.2%.
Transportation prices decreased by 0.3% mainly due to cheaper fuel and lubricating oils by 4.4%. At the same time, the cost of travel in road passenger transport increased by 2.9%.
In the field of communications, prices increased by 2.1%, which is associated with an increase in the cost of mobile communications by 4.1% and postal services by 2.6%.
As reported, in 2021 inflation in Ukraine rose to 10% from 5% in 2020 and 4.1% in 2019, while core inflation rose to 7.9% against 4.5% a year earlier.
The NBU predicts that inflation will accelerate to 31% this year, including up to 25.6% in the third quarter.
PZU Ukraine Insurance Company (Kyiv) in January-June 2022 collected UAH 558.1 million in gross premiums, which is 27.49% less than in the same period of 2021, reports RA Standard- Rating”, updating the company’s credit/financial stability (reliability) rating on the national scale at the level of “uaААА” based on the results of the specified period.
According to him, income from individuals of the insurer decreased by 13.42% – to UAH 383.578 million, from reinsurers – by 30.40%, to UAH 10.629 million. Thus, the share of individuals in the gross premiums of the insurer amounted to 68.73%, and the share of reinsurers – 1.90%. According to the results of the first half of 2022, individuals continue to dominate the company’s client portfolio.
Insurance payments sent to reinsurers for the first half of 2022 compared to the same period in 2021 decreased by 69.48% to UAH 91.473 million. Thus, the participation rate of reinsurance companies in insurance premiums decreased by 22.55 percentage points. – up to 16.39%.
Net premiums decreased by 0.71% to UAH 466.66 million, earned insurance premiums increased by 20.27% to UAH 525.751 million.
The volume of payments and indemnities made by the insurer for the first half of 2022 amounted to UAH 272.106 million, which is 6.41% higher than the amount of indemnities for the same period in 2021. Thus, the level of payments increased from 33.22% to 48.75%, or by 15.53 p.p.
During the specified period, operating profit of IC PZU Ukraine increased 2.82 times, to UAH 86.301 million, its net profit increased by 93.07%, to UAH 79.753 million.
As of July 1, 2022, the company’s assets decreased by 12.00% – to UAH 2.508 billion, equity increased by 1.69% – to UAH 839.439 million, liabilities decreased by 17.59% – to UAH 1.669 billion, cash and cash equivalents increased by 2.41 times – up to UAH 263.522 million.
Thus, as of the beginning of the third quarter of 2022, the company had a sufficient level of capitalization (50.29%), and 15.79% of its liabilities were covered by cash.
At the same time, it is noted that as of the indicated date, the insurer made financial investments in the amount of UAH 465.179 million, which consisted of government bonds (55.19% of the investment portfolio) and deposits in banks with an investment grade credit rating (44.81% of the portfolio).
According to the report, IC PZU Ukraine has the support of one of the largest insurance groups in Central and Eastern Europe – PZU Group (which includes the parent company PZU S.A., IC PZU Ukraine).
JSC Chernihivgaz, which operates under the brand name of the Regional Gas Company, has issued technical conditions for the connection of the first biomethane plant in Ukraine to the Hals Agro LLC in the Chernihiv region, according to the press release of the RGK.
“The regional gas company ordered the production of gas equipment for the plant at one of the RGC Production plants. The capacity of the first stage of construction, which will be completed by the end of this year, will be 330 cubic meters of biomethane per hour,” the document states.
According to RGK, the first phase of construction of gas networks involves the construction of a gas pipeline 800 m long, which will allow Hals Agro to transfer 330 cubic meters to gas distribution networks (GDM). m of biomethane per hour in winter. It is assumed that the connection will take place by the end of 2022.
“This is the first project to connect a biomethane plant in Ukraine. We are ready to scale this experience in all regions where RGK is present. Our company has technical expertise and access to the technologies of leading manufacturers of gas equipment, as well as the experience of European gas-fired power plant operators who have been working with biomethane for many years “, said Ihor Gotsyk, head of the decarbonization department of RGK, whose words were quoted in the press release.
As the company explained, in the future “Hals Agro” plans to increase the production of biomethane to 1.1 thousand cubic meters. m/h, and RGK and Chernihivgaz specialists will encircle the area of operation of two adjacent gas distribution stations, building another 8 km of gas pipeline.
“Then the biomethane plant will gain access to a larger number of consumers and will transfer biomethane to the network immediately through two timing systems. The work is planned to be completed by the beginning of the heating season of 2023/24,” – informed the RGC.
The design capacity of the installed equipment for cleaning biogas into biomethane is about 3 million cubic meters. m per year, which is enough for the local gas supply of 1,500 private households adjacent to the plant.
According to RGC, the gas regulation equipment and gas metering unit required for connection to the network are already manufactured at one of RGC Production’s modern plants. Nodes and components from leading manufacturers Pietro Fiorentini and Emerson, which have confirmed the quality of their equipment in working with biomethane in Europe and the world, will also be used.
As reported, timing operators operating under the RGK brand have simplified the connection of biomethane plants to gas distribution networks as much as possible and offer this service for UAH 1. Biomethane producers must finance the construction of external and internal gas networks and equipment.
Gas distribution networks in Ukraine are the most acceptable and promising for connecting biomethane plants. They are the most widespread in the territory of the country and have comparable system pressure with biomethane producers, which does not require the installation of additional equipment.
As of the beginning of June 2022, 26 companies that plan to produce a total of 206 million cubic meters have applied to “Operator GTS of Ukraine” LLC (OGTS). m of biomethane per year.
According to the estimates of experts of the Bioenergy Association of Ukraine, the volume of biomethane production in the country may reach 7.8 billion cubic meters. m per year.
BIOMETHANE PLANT, Chernihivgaz, connecting, technical conditions
