Prometey Group has received a EUR1.27 million loan from ULF-Finance LLC to purchase vehicles, the agricultural holding’s press service said.
“The company continues to expand its own vehicle fleet to minimize dependence on hired vehicles. In this way, we solve the problem of vehicle shortages during peak loads, such as during the harvest period, and avoid additional costs,” the press service quoted Maxim Voloshin, Prometey financial economist, as saying.
According to the report, Prometey Group plans to receive DAF tractors, Wielton trailers, cars and other automotive equipment from the financial institution.
In total, 23 agreements are in place between Prometey Group and ULF-Finance LLC.
Prometey Group provides storage, processing and logistics services for agricultural crops. Prior to the Russian aggression, it owned 34 elevators in Mykolaiv, Kirovohrad, Kyiv, Khmelnytskyi, Zaporizhzhia, Sumy, Odesa, Kherson, and Dnipro regions.
By the end of 2021, the group planned to generate $45 million in EBITDA, while in 2020 this figure reached $32.6 million, and in 2019 – $30.5 million.
“In 2023, Prometey plans to increase its land bank from 20 thousand hectares to 50 thousand hectares, and in the long term, to increase it to 100 thousand hectares.
Dynamics of reserves of Ukraine from 2012 to 2023
Source: Open4Business.com.ua and experts.news
The volume of industrial production in Germany in June decreased by 1.5% compared to the previous month, reported the Federal Statistical Office of the country (Destatis).
Experts surveyed by Trading Economics expected a decline of 0.5%.
In May, industrial production in Germany decreased by 0.1%.
The production of capital goods in June fell by 3.9%, consumer goods – increased by 1.8%, intermediate goods – increased by 0.4%.
Construction output fell 2.8% and electricity generation rose 0.6%.
German industrial production in June was 1.7% below the same month in 2022.
Prometey Group has completed the early grain harvest and harvested 45 thousand tons of grain from 6.5 thousand hectares in Mykolaiv region, the company’s press service said.
“This year’s weather conditions have been favorable for grain growing in southern Ukraine, so we have an excellent result. At the same time, the result was facilitated by the coordinated work of the team and technical preparation for threshing,” the statement said.
Prometey next step will be to prepare fields for sowing winter rape. In particular, the company is purchasing fertilizers, tilling the soil and preparing machinery for the sowing season.
Prometey Group provides storage, processing and logistics services for crops. Prior to the Russian aggression, it owned 34 elevators in Mykolaiv, Kirovohrad, Kyiv, Khmelnytskyi, Zaporizhzhia, Sumy, Odesa, Kherson, and Dnipro regions.
By the end of 2021, the group planned to generate $45 million in EBITDA, while in 2020 this figure reached $32.6 million, and in 2019 – $30.5 million.
“In 2023, Prometey plans to increase its land bank from 20 thousand hectares to 50 thousand hectares, and in the long term, to increase it to 100 thousand hectares.
Net sales of dollars by the National Bank of Ukraine (NBU) in the first week of August rose to $458.3m from $349.3m in the last week of July.
According to the NBU on its website, from July 31 to August 4, 2023, its purchase of currency slightly increased from $1.1m to $2.0m, while its sale increased from $350.5m to $460.3m.
At the same time, on the cash market, the dollar, which rose in price by 45 kopecks a week earlier, lost about 20 kopecks this week and at the end of the week was quoted at a rate of about UAH 37.40/$1.
In total, since the beginning of this year, the NBU has purchased $192.4m on the market, while it sold $14bn 741.4m.
As reported, the volume of the National Bank’s interventions in July rose slightly to $1.946 bln from $1.848 bln in June and $1.93 bln in May. However, international financial support amounted to about $4.4 billion last month. As a result, international reserves, which grew by 4.5% in June to a new historic high of $39.00 billion, will exceed this record at the end of July and, according to experts, will reach $41 billion.
In a conversation with the Secretary of State of the Presidential Chancellery, Andriy Yermak expressed hope that Ukraine’s neighbors would abandon the blockade of Ukrainian agricultural exports after September 15.
“The interlocutors discussed in detail the issue of ensuring the export of Ukrainian grain by land to the EU countries in the context of the continued blockade of Ukrainian ports. The head of the Presidential Office expressed hope that Ukraine’s neighboring countries would refrain from imposing unilateral restrictive measures on the export of Ukrainian agricultural products after September 15,” the press service of the Presidential Office said in a statement on Sunday following the meeting in Jeddah.
“During a meeting with the State Secretary of the Office of the President of the Republic of Poland, Head of the Bureau of International Policy Marcin Przydach, the head of the office expressed gratitude to Polish partners for their comprehensive assistance and solidarity with Ukraine in countering the armed aggression of the Russian Federation,” the statement also said.
The press service also reports that “Yermak praised Poland’s readiness to join the implementation of the Ukrainian peace formula.”
