The US dollar is depreciating against the euro, pound sterling and yen after a two-day meeting of the Federal Reserve System (FRS).
As reported, the US Central Bank raised its base interest rate by 75 basis points (bp) for the second meeting in a row, to 2.25-2.5%, and signaled that it intends to continue tightening monetary policy.
Fed Chairman Jerome Powell said during a press conference after the meeting that the central bank is ready to accelerate the pace of rate hikes, if necessary, to curb inflation. At the same time, he noted that at some point the Fed will have to slow down the pace of rate hikes, as the US economy is weakening.
Powell also declined to predict what the rate hike could be at the next meeting, noting that the Fed would make decisions “from meeting to meeting.”
Market participants considered Powell’s statements less “hawkish” than expected, seeing in them a hint that the Fed will raise rates more slowly going forward, Dow Jones notes.
The dollar fell 0.8% against the euro on Wednesday, more than 1% against the pound and 0.25% against the yen.
As of 09:20 Moscow time on Thursday, the euro/dollar pair is trading at $1.0218 compared to $1.0198 at the close of the previous session. The pound rose to $1.2171 from $1.2156 the day before.
The cost of the US currency against the yen is 135.37 yen against 136.6 yen on Wednesday.
The ICE-calculated index, which shows the dynamics of the dollar against six currencies (the euro, the Swiss franc, the yen, the Canadian dollar, the pound sterling and the Swedish krona), is losing 0.32%, the broader WSJ Dollar Index – 0.31%.
Truskavets is a balneological resort, in the past a resort of all-Union importance. Located in the foothills of the Ukrainian Carpathians. This is an amazing land of pristine nature, picturesque mountain landscapes, lush forests, crystal clear air, rapid mountain streams, mineral springs. This is a land of original culture and hospitable residents. Due to the absence of harmful industrial enterprises, this region is considered ecologically clean in Ukraine. It is here, on the shore of a picturesque lake, that the Hotel-resort complex “Karpaty” is located (previously, the Sanatorium “Karpaty”).
In the complex, you can choose one of the comfortable and modern rooms, which are equipped with everything necessary for a comfortable rest. From each room you can enjoy a picturesque view of the mountains or the lake.
One of the advantages of the complex is a powerful medical base. After all, most clients come precisely for the purpose of treatment. Modern medical technologies, innovative diagnostic equipment, specialists who manage to combine many years of experience in sanatorium-resort treatment and new methods in the world of medicine. You can undergo an examination, as well as procedures prescribed by a doctor, without leaving the “Karpaty” complex.
Now “Karpaty Hotel and Resort Complex” invites you to health and rehabilitation under the following programs:
– 15% for rehabilitation at the GKK “Karpaty”. “Psychological rehabilitation” program
The course of the program is 14 days
In the program:
● Diagnostic procedures (analyses, ECG)
● Consultation of specialized specialists (Therapist, ENT, neurologist, cardiologist, psychologist)
● Therapeutic and preventive procedures (massage, mineral baths, etc.)
● Treatment and preventive procedures “Yusla”
● Reception of mineral waters
– 15% for rehabilitation at the GKK “Karpaty”. “Post-traumatic rehabilitation” program
The course of the program is 14 days
In the program:
● Diagnostic procedures (analyses, ECG, radiography)
● Consultation of specialized specialists (Therapist, ENT, neurologist, cardiologist, orthopedic traumatologist)
● Therapeutic and preventive procedures (massage, mineral baths, etc.)
● Treatment and preventive procedures “Yusla”
● Reception of mineral waters
The main component of the treatment complex is sports and physical therapy. A swimming pool with a spa area, a gym, and an outdoor training ground are at the guests’ disposal. If necessary, the specialist will draw up a program of classes taking into account the specifics of the disease and your state of health. For children, classes in the pool with a trainer are provided.
Families with children come to “Karpaty Hotel and Resort Complex” Truskavets. In order for parents and children to rest and have interesting leisure time, the resort complex has developed a special program for young Ukrainians.
“Safe Carpathians for Children” program
Children’s age: 10-16 years.
Group – up to 20 people.
Arrivals – August 1; August 15
Special price – UAH 750/day.
Accommodation in double rooms.
A balanced diet and regimen will benefit any child. Favorite big games, themed parties, quests and master classes will be held in a safe place together with a friendly team of professionals from the Karpaty complex in Truskavets.
For the entire period of the shift (14 days), children are grouped into teams according to the floors of the residence. Quests and other activities involve uniting children in teams of different ages under the guidance of experienced teachers.
Children, accompanied by their parents, have the opportunity to visit the camp and live with their parents at a special price – 750 hryvnias.
The program includes:
● safe and comfortable accommodation;
● 4 meals a day;
● medical support and professional curators;
● master classes, entertainment events, contests, karateoke;
● classes in the pool (aqua aerobics);
● themed games, sports competitions, water activities;
● interesting excursion programs;
● free internet.
Modern man leads a very active and eventful lifestyle. Every day we are faced with stress, important matters and a lot of work. And, as always, everything must be done qualitatively and quickly. A wellness vacation will provide you with good health and a positive mood. And taking into account the state of war in Ukraine, which significantly affected the incomes of citizens, sanatorium “Karpaty” reduces prices by up to – 20%, subject to the reservation of a full package of services (accommodation, food and treatment) from 16 days. The promotion is valid from 09.06.2022.
Hotel and resort complex “Karpaty” Truskavets is an ideal choice for rest for adults and children in an atmosphere of fabulous nature and comfort.
You can get detailed information on the website of the “Karpaty Hotel and Resort Complex” or by calling: +38 (03247) 62 000, +38 (095) 27 62 000, +38 (067) 82 62 000
The National Bank of Ukraine withdrew from Lime Capital LLC, Enot Finance LLC, Profinance Group LLC, Globa LLC, Toccata LLC, FC FIN.COM LLC, FC LLC Financial partner” all available licenses for the provision of financial services based on their applications, according to the website of the regulator.
In addition, the license to provide guarantees to Optima Factoring LLC was revoked on the basis of the submitted application.
At the same time, information about Lime Capital LLC, Raccoon Finance LLC, Profinance Group LLC, Global Infinity Ukraine LLC, Financial Partner LLC are excluded from the State Register of Financial Institutions based on the documents submitted by them.
The Committee for Supervision and Regulation of the Activities of the Non-Banking Financial Services Markets of the NBU adopted such decisions on July 26, 2022.
Ukraine’s GDP in 2022 will decrease by 30%, however, the unblocking of seaports would reduce the economic decline to 22-25%, Olena Bilan, chief economist at Dragon Capital, believes. The real gross domestic product (GDP) of Ukraine in the first quarter of 2022 fell by 15.1% compared to the first quarter of 2021 after growing by 6.1% in the fourth quarter of last year, the State Statistics Service published such a preliminary estimate.
The economy of Ukraine is gradually recovering from the level of the greatest fall in March thanks to the regions where there are no active hostilities, as a result, the decline in May this year (against the same month last year) slowed down to 35-40%, Deputy Governor of the National Bank of Ukraine Serhiy Nikolaychuk said.
The National Bank expects Ukraine’s GDP to fall by at least a third in 2022, Deputy Governor of the NBU Serhiy Nikolaychuk said during the presentation of the report on financial stability.
The National Bank of Ukraine (NBU) estimates Ukraine’s losses from destroyed housing, business and infrastructure due to Russian aggression at 50% of GDP in 2021, or $100 billion, according to a financial stability report published on the central bank’s website on Tuesday.
The real GDP of Ukraine will decrease by more than a third in 2022, inflation accelerated to 20% in the first half of the year, according to bankers surveyed by Interfax-Ukraine.
The deficit of Ukraine’s foreign trade in goods in January-April 2022 fell by almost 97.6% compared to the same period in 2021, to $29.6 million from $1.237 billion.
Consumer price growth in Ukraine in May 2022 slowed down to 2.7% from 3.1% in April and 4.5% in March, but exceeded 1.6% in February and 1.3% in January, the State Statistics Service said on Thursday.
The state budget deficit in January-May 2022 exceeded annual deficits of the previous two years, the National Bank of Ukraine (NBU) said in its June macroeconomic and monetary review.
Ukraine’s total state debt in April grew by 0.84% in U.S. dollars to $97.62 billion, in hryvnias – by 0.84% to UAH 2.855 trillion, according to data on the website of the Ministry of Finance.
Economic Monitoring’s Project Manager – PhD in Economics, Maksim Urakin
The construction of another plant began in the Bila Tserkva industrial park (Kyiv region), the launch is scheduled for November 1, UFuture founder Vasyl Khmelnytsky told Interfax-Ukraine.
“During the war, we felt a big request from Ukrainian manufacturers from the regions to relocate to the Bila Tserkva industrial park. They have an alternative – moving to the EU, but it is important for the economy to leave producers in the country: these are taxes, jobs and development. Today we’ve started the construction of a new modern facility for a plant on 4,000 sq m. The amount of investment will be approximately $2 million,” he said.
Khmelnytsky added that this project will be the company’s record for the speed of construction.
“Already on November 1, we will launch production there. Now we are negotiating with several applicants from Mykolaiv and Kharkiv,” Khmelnytsky said.
UFuture holding company of businessman Khmelnytsky, as part of a business strategy in 2022, planned to expand the number of production facilities in Bila Tserkva industrial park from five to 11. Earlier, in an interview with the Interfax-Ukraine agency, he said that 11,000 sq m of industrial premises will be built in this park for the relocation of enterprises, the estimated investment is $6.5 million. In general, the entrepreneur announced plans the construction of 30 factories in Bila Tserkva.
Fenerbahce lost at home to Dynamo Kyiv (1:2) in the second leg of the 2nd round of the 2022/23 Champions League qualification. The first game in Kyiv ended in a 0-0 draw, in the game in Turkey we had to play overtime.
The winner of this pair goes to the Austrian Sturm. The loser is waiting for the Czech club Slovacko already in the Europa League. The first game with the Austrian Sturm at Dynamo (Kyiv) will take place on August 2.
