Non-residents decreased by 21.5% (UAH 11.565 bln) to UAH 42.274 bln, compared to UAH 53.839 bln the previous day.
Portfolio of government bonds owned by legal entities decreased by 2.747 billion UAH (2.4%) to 113.614 billion UAH from 116.361 billion UAH on the previous day. Individuals reduced government bonds portfolio by UAH 1.049 billion (2.6%) to UAH 38.627 billion from UAH 39.675 billion the previous day, banks of Ukraine – by UAH 0.539 billion (0.1%) to UAH 543.739 billion.
According to the NBU, UAH 15.919 bln (1.1%) decreased from UAH 1451.694 bln to UAH 1435.775 bln.
Official exchange rate on May 25 – 36.5686 UAH/USD1
JSC “Dnipropetrovsk aggregate plant” (DAZ, Dnipro) in January-March 2023 received a net profit of 14.06 million UAH, which is 23.6% less than in the first quarter of 2022.
According to the company’s interim statements, published on Thursday in the information disclosure system of the National Commission on Securities and Stock Market (NKTSBFR), its net income increased by 8% – to UAH 55.47 million.
DAZ reduced its operating profit by 20.5% to UAH 20.31 mln, and its gross profit by 3.2% to UAH 34.39 mln.
Compared with the beginning of 2023 current liabilities of DAZ increased by 6.3% to UAH 281.34 million, while long-term liabilities decreased by 4.6% to UAH 68.13 million.
As noted in the report, the main risk factor for DAZ remains the military aggression of the Russian Federation against Ukraine. This affects the inflationary processes, affecting the growth of prices for materials, equipment and energy resources, and reduces the possibility of receiving funds amid growing needs for them.
DAZ is an enterprise with many years of experience in the production of aircraft equipment, which accounts for more than 2/3 of the total production volume, as well as hydraulic equipment for mines and general technical products (fuel and other liquid pumps).
Most of the products are sold in Ukraine, but in recent years there has been a significant increase in supplies to the EU
As it was reported, in 2022 the plant received UAH 36.72 mln of net profit, which is 15.6% more than a year before, while net profit increased by 1.4% to UAH 175.56 mln. The profit was directed to the development of production
DAZ believes that one of the key factors for its development in 2023 is to expand its stock of orders by 1.5 times by 2022.
Passenger flow through western border of Ukraine in march 2023, thousand (graphically)
Source: Open4Business.com.ua and experts.news
Oil prices are falling sharply on Thursday afternoon amid a strengthening U.S. dollar and after Wednesday’s release of data on a significant reduction in U.S. inventories.
July Brent crude futures on London’s ICE Futures exchange stood at $76.94 a barrel by 2:26 p.m. Thursday, down $1.42 (1.81%) from the previous session’s closing price.
The price of WTI crude futures for July on the New York Mercantile Exchange (NYMEX) electronic trading was down $1.46 (1.96%) to $72.88 a barrel by that time.
The DXY index, which shows the value of the U.S. dollar relative to the six major world currencies, is up 0.2% in trading, making oil less attractive to holders of other currencies.
Meanwhile, the oil and gas industry is expected to increase upstream investment by 7% in 2023, to more than $500 billion, the International Energy Agency (IEA) points out in its annual World Energy Investment Outlook.
“Many major oil and gas companies have announced expansion of investment programs due to record revenues,” the IEA notes. – However, due to uncertainty about relatively long-term demand, cost concerns, and calls from many investors and owners to focus on profitability as opposed to production growth, only the major oil state companies in the Middle East will spend much more in 2023 than in 2022, and this is the only part of the sector where investment will exceed pre-pandemic levels.”
The day before, we also learned that U.S. oil inventories fell by 12.456 million barrels last week. This is the sharpest drop since November 2022, Trading Economics wrote.
Gasoline reserves fell by 2.05 million barrels and distillates by 561,000 barrels.
Experts polled by S&P Global Commodity Insights expected oil reserves to decrease by 500 thousand barrels, gasoline reserves to decrease by 2.1 million barrels and distillates reserves to decrease by 600 thousand barrels.
The European Investment Bank (EIB), together with the Ministry for Communities, Territories and Infrastructure Development of Ukraine, announced the launch of the selection of projects for the recovery, rebuilding and overhaul of schools, kindergartens, administrative centers and housing and utility services, and providing housing for internally displaced persons (IDPs), the press service of the Ministry of Restoration has said.
The projects will be implemented through financial agreements between Ukraine and the EIB. These are the Ukraine Recovery Programme (projects from local governments) and the Emergency Loan Program for the Reconstruction of Ukraine (projects of public utilities and municipalities).
As the ministry said in the press release, the projects will be implemented in regions affected by the armed aggression of the Russian Federation and faced a burden on social infrastructure due to a significant number of IDPs. The project implementation period is from one to three years, depending on the programme. The funds will be sent to the communities as a subvention from the state budget.
The deadline for submitting projects for participation in the Ukraine Recovery Programme is until June 25, 2023, in the Emergency Loan Program for the Reconstruction of Ukraine – until June 2.
A group of Israeli investors is planning to open a modern sports complex of 2.7 thousand square meters in Bucha with an expected investment of $1.2 million, writes The Jerusalem Post.
“Like many other cities in Ukraine, Bucha is in the process of reconstruction and is receiving an influx of international budgets. However, funding is not enough. Many cities in the country are unable to cope on their own and need the help of entrepreneurial companies and foreign executive companies in a variety of sectors, especially in real estate, health and recreation, and infrastructure,” Alex Sotovsky, a representative of investors, was quoted as saying.
It is reported that the future sports complex in Bucha, located in a new modern shopping center, built in the city two years ago. Opening of the sports complex is scheduled for August of this year.
There will be swimming pool, heated swimming pool for children, special pool for infants, spa-area with locker rooms, Jacuzzi, sauna, specialized halls for various sports disciplines, gym, functional training zone, special areas for individual and group trainings, martial arts complex and center of fun activities for children, including summer camps, various sports sections and play rooms.
Sotovsky said the physical revitalization of Ukrainian cities must be complemented by the psychological and emotional healing efforts needed by residents, especially those who live in conflict-ridden areas.
“Many studies show that exercise has a positive effect on the psyche and is very helpful in reducing stress, combating anxiety and improving mood. In Ukraine, people are craving it. They are looking for familiar points of sanity and normality. Ukrainians are trying to get back to normalcy and rebuild their lives, including through sports,” he added.
He said there has already been a significant increase in demand for gym registrations in the country’s main cities, and the flow is expected to increase as the country returns to normalcy.
