Milk production in Ukraine in January and February 2019 (excluding the temporarily occupied territory of Crimea and Sevastopol, part of the Joint Forces Operation (JFO) area) decreased by 1.6% compared with January and February 2018, to 1.14 million tonnes.
According to the State Statistics Service, meat (live weight) production in the country was 558,500 tonnes, which is 4% more than in January and February 2018.
Egg production increased by 6.8%, to 2.263 billion pieces.
One troy ounce=31.10 grams
AXA Insurance (Kyiv) in 2018 increased its assets by 8%, to UAH 1.933 billion, according to the materials to the agenda of a general meeting of its shareholders scheduled for April 11.
The retained earnings at the end of the year totaled UAH 108.4 million, which is 15.5% less than a year ago. Net profit of the insurer came to UAH 69.9 million, while in 2017 the company saw UAH 127.6 million in net loss.
Net worth of AXA Insurance in 2018 slightly grew compared with the previous year, to UAH 489.075 million. Cash and cash equivalents grew by 28.5%, to UAH 677.111 million.
Noncurrent liabilities rose by 11%, to UAH 1.357 billion, and current liabilities – by 10.9%, to UAH 86.272 million.
Total receivables remained almost at the level of 2017, being UAH 326.607 million.
The charter capital did not change, being UAH 261.975 million.
AXA Insurance has been operating on the Ukrainian market since 2007. In 2018, the company collected UAH 1.9 billion in insurance premiums, which is 13% more than in 2017.
Fairfax Financial Holdings Limited Group LTD (FFHL Group LTD, Canada) in 2018 acquired 99.98% of the charter capital of AXA Insurance (Kyiv).
JPMorgan Chase & Co. directly lent around $350 million to the government of Ukraine on March 12, 2019, two weeks before the first round of the presidential election in the cash-strapped country, WSJ has reported, referring to people familiar with the deal.
WSJ said that the bank, declared the only organizer of the additional issue of 10-year loan participation notes (LPNs) of Ukraine, bought them itself, which is not a common practice.
The deal could deliver millions of dollars in gains for JPMorgan, which bought the bonds at a discount.
WSJ said that in the past weeks Ukrainian government officials met with the bond management funds in Miami and New York to unofficially discuss the issue of new LPNs, although investors called to postpone the sale of new LPNs after the election.
In this situation, JPMorgan offered Ukraine to add $350 million in eurobonds maturing in 2028 and sell them privately to the bank, people familiar with the deal told the publication. According to their data, the bank bought bonds at around 98.88 cents on the dollar and has started selling them to bond funds at around 100.50 cents on the dollar. If JPMorgan sells all the bonds at that price, it would make a profit of some $5.7 million on the deal, WSJ said.
According to WSJ, Wall Street firms from time to time made such transactions through the so-called proprietary trading desks before the 2008 financial crisis, but rarely did this later, since the new rules require them to be significantly redundant in such transactions.
