The Bureau of Economic Security of Ukraine will cooperate with the University of California at Berkeley on the methodology of analysis of large data sets, economic analysis, macroeconomic forecasting, risk identification, and practical application of major scientific achievements.
The University of California, Berkeley, according to most ratings, is the best public university in the world and the only public university that is among the top ten best educational institutions in the world. The BEB’s request for cooperation in the scientific and applied development of the analytical unit of the Bureau was supported by the University of California.
It is planned to develop a joint long-term project. The first online meeting of BEB employees took place with Yury Horodnichenko, Professor of the Faculty of Economics of the University of California, Berkeley. At the beginning of the meeting, the Director of the BEB, Vadym Melnyk, noted that an urgent aspect of the BEB’s activity is institutional formation, development of the structure, acquisition of new competencies by employees, development of methods for getting ahead. “For representatives of the main analytical body of Ukraine, it is very important to feel the support of our strategic partners, like-minded people. And it’s even nicer than the fact that Berkeley has identified our compatriot as the main contact person”, – emphasized Vadym Melnyk.
On the part of the Bureau, we guarantee transparency, systematicity, result-oriented, high-quality implementation of the best scientific recommendations.” It is particularly important that a significant part of Professor Horodnichenko’s research is devoted to monetary policy, fiscal policy, taxation, economic growth, pricing and business cycles.
The parties agreed on further cooperation and academic support, which is the first step in the cooperation between BEB and the academic community.
The University of California, Berkeley (English: University of California, Berkeley) is a higher scientific and educational institution in the United States, founded in 1868. Located in Berkeley, a suburb of San Francisco, California. It is the oldest and most prestigious campus of the University of California system, which has ten campuses in California. Berkeley’s academic programs, which number more than 300, are considered among the best in the world of higher education. Since 2007, Professor Yury Horodnichenko has been cooperating with the National Bureau of Economic Research (NBER) and the US Institute of Labor Economics. Since 2009, he has been a visiting researcher at the Federal Reserve Bank of San Francisco.
Consultant of the European Investment Bank and the European Central Bank and is the chairman of the International Academic Council of the Kyiv School of Economics (KSE).
https://esbu.gov.ua/news/beb-realizovuvatyme-spilnyi-proekt-z-odnym-z-naikrashchykh-universytetiv-svitu
In Ukraine, with the start of the Russian military invasion, food prices rose by at least 20%, and in late autumn they will rise by another 10-15% due to the inflationary weakening of the hryvnia, disruption of supply chains, rising fuel prices, energy and storage costs.
The corresponding forecast was announced by Deputy Head of the Ukrainian Agri Council (UAC) Denys Marchuk during the broadcast at the Ukraine Media Center.
“Now is August, the vegetable harvest season, so we are seeing a decrease in prices due to an increase in supply. Potatoes, cucumbers, tomatoes and other vegetables have fallen in price, and the seasonal factor will last until October. Considering that a certain number of Ukrainians went abroad, this also contributed to a decrease in prices for seasonal vegetables. But in the autumn, the cost of storing vegetables will increase, so we should expect a 10-15% increase in prices for all groups after October,” Marchuk said during his speech.
The UAC deputy head recalls that the population of Ukraine spends more than half of its income on food, which has risen in price by at least 20% since the beginning of the war due to inflation, disruption of food supply chains, rising prices for fuel, energy and storage costs.
PJSC Alfa Insurance Company (Kyiv) collected UAH 509.015 million in gross premiums in January-June 2022, which is 24.7% less than in the same period of 2021, Expert Rating RA reported in information on confirmation of the company’s financial strength rating at the level of “uaAA +” on the national scale based on the results of work for the first half of the year.
According to the RA press release, the share of insurance premiums owned by reinsurers decreased by 60.5% – to UAH 1.836 million.
During the reporting period, the company made insurance payments in the amount of UAH 194.026 million, which is 0.42% more than in 6 months. 2021
As of June 30, 2022, the company’s equity increased by 21.97%, to UAH 378.43 million, and its gross liabilities – by 15.13%, to UAH 549.74 million. As a result, there was an increase in the indicator of covering the company’s liabilities with equity capital by 3.87 percentage points. – up to 68.84%. The volume of cash and cash equivalents on the accounts of IC Alfa Insurance increased by 16.33% – up to UAH 424.19 million, and the ratio between cash and gross liabilities of the insurer increased by 0.80 percentage points. – up to 77.16%.
The insurer’s assets increased by 17.8% to UAH 928.2 million.
The RA also notes that as of the reporting date, the company formed a portfolio of investments in government bonds (OVGZ and OZGP) in the amount of UAH 238.174 million, which had a positive effect on the provision of liquid assets.
The financial result from the operating activities of the insurer for the first half of 2022 compared to the same period in 2021 increased by 3.64 times – up to UAH 15.93 million, and its net profit increased by 4.18 times – up to UAH 19.38 million.
IC Alfa Insurance was founded in 2000 and is one of the top 10 leaders in the Ukrainian insurance market. Offers a versatile portfolio of services, including comprehensive business protection programs and a wide range of insurance products for individuals.
Prometey grain trader signed an export contract for the supply of 25,000 tons of food wheat from the Chornomorsk seaport in mid-September, the passage of the vessel became possible due to the deblockade of Ukrainian ports under the Istanbul grain agreements.
“In accordance with the contract, to load agricultural products, the bulk carrier will arrive in the territorial waters of Ukraine in 2-3 weeks. After the inspection, the dry cargo ship will follow from the port of Chornomorsk to its destination in mid-September,” the group of companies said in a press release on Monday.
“Prometey” emphasized that the conclusion of this contract gives the holding a reason to raise the minimum export bar at the level of 70-80 thousand tons of agricultural products per month.
The grain trader also clarified that it would take months to send a comparable amount of cargo by rail or road.
“This is already a victory on the front of global food security, in the structure of which Ukrainian grain trading companies play an important role. Another important component of the launch of the “grain corridor” is the trend towards improving the situation on the domestic agricultural market,” Prometey summed up in a press release. .
Prometey Group of Companies provides services for the storage, processing and logistics of grain and leguminous crops based on 33 elevators with a total storage capacity of 1.7 million tons.
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.
A new video has been released on the YouTube channel “Club of Experts”, dedicated to the announcements of the main events that are planned in Ukraine and the world this week.
In the next issue, the founder of the club of experts Maxim Urakin, together with co-host Olga Levkun, announced the main events, which are scheduled for the period from August 22 to 28, 2022.
Thus, in Ukraine, one of the main events of the week, in addition to honoring the 31st anniversary of Independence, will be the second summit of the Crimean Platform. For security reasons, the summit will be held online. Also this week there will be a number of events, round tables, seminars and exhibitions dedicated to Independence Day, most of which will also be held online.
Recall that in the period from August 22 to 25, holding mass events in Kyiv is prohibited.
Among world events, one can single out the continued development of the situation around the island of Taiwan, near which China intends to conduct regular military maneuvers. Asia will also host a number of major events dedicated to economic development in the region. Among them are the international exhibition “EXPO China-Eurasia” in Urumqi, China and the Asia-Pacific Business Forum in Bangkok, the capital of Thailand.
You can learn about these and many other events by watching the video on the Club of Experts channel at the link:
In Ukraine, with the start of the Russian military invasion, food prices rose by at least 20%, and in late autumn they will rise by another 10-15% due to the inflationary weakening of the hryvnia, disruption of supply chains, rising fuel prices, energy and storage costs.
The corresponding forecast was announced by the Deputy Head of the All-Ukrainian Agrarian Rada Denis Marchuk during the broadcast at the Ukraine Media Center.
“Now is August, the vegetable harvest season, so we are seeing a decrease in prices due to an increase in supply. Potatoes, cucumbers, tomatoes and other vegetables have fallen in price, the seasonal factor will last until October. Considering that a certain number of Ukrainians went abroad, this also contributed to a decrease in prices for seasonal vegetables. But in the fall, the cost of storing vegetables will increase, so we should expect a 10-15% increase in prices for all groups after October,” Marchuk said during his speech.
The deputy head of the VAR recalled that the population of Ukraine spends more than half of its income on food, which has risen in price by at least 20% since the beginning of the war due to inflation, disruption of food supply chains, rising prices for fuel, energy and storage costs.
