Consumer prices in the euro area increased by 2% year-on-year in October, according to a report by the European Union’s statistical office, which presented preliminary data. Thus, inflation accelerated compared to September, when it was 1.7%.
The consensus forecast of analysts, as cited by Trading Economics, predicted an increase in consumer price growth in October to 1.9%.
According to preliminary data, the increase in the cost of services this month amounted to 3.9%, the same as in September, the growth in prices for food, alcohol and tobacco products accelerated to 2.9% from 2.4%. Industrial products went up by 0.5% in October (+0.4% in September), while energy prices fell by 4.6% (-6.1% in September).
Consumer prices excluding food and energy (CPI Core) increased by 2.7%, the same as a month earlier. Experts had expected a slowdown to 2.6%.
Consumer prices in the euro area in October rose by 0.3% compared to the previous month. In September, they declined by 0.1% in monthly terms.
Source: http://relocation.com.ua/spozhyvchi-tsiny-v-ievrozoni-v-zhovtni-zbilshylysia-na-2/
Unemployment in the euro area in September amounted to the lowest ever recorded at 6.3%, according to the European Union Statistical Office. The August figure was revised from 6.4% to 6.3%. According to Trading Economics, analysts had expected unemployment last month to be 6.4%.
In September 2023, unemployment in the euro area was at 6.6%.
The number of unemployed in the region last month increased by 13 thousand compared to August, to 10.884 million. Youth unemployment (population under 25) rose to 14.4% from a revised 14.3% a month earlier.
The lowest unemployment rate among the largest eurozone countries was recorded in Germany (3.5%, the same as a month earlier), and the highest in Spain (11.2%, down 0.1 percentage point). In France, the unemployment rate increased by 0.1 percentage points to 7.6% in September, while in Italy it remained unchanged at 6.1%. Overall, in the European Union, unemployment last month amounted to 5.9%, the same as in August.
Yavir-Invest LLC (Berdychiv, Yavoriv district, Lviv region), a member of the Kormil agro-industrial group that processes soybeans, is issuing its debut bonds.
According to the National Securities and Stock Market Commission (NSSMC), it registered the issue of A and B series bonds of Yavir-Invest at its meeting on Tuesday.
According to the regulator’s website, these are private issues, and there is no information on their parameters.
According to Kormil’s website, Yavir-Invest processes 100 thousand tons of soybeans annually, producing more than 80 thousand tons of high-protein Herbal Soya and 15 thousand tons of soybean oil.
Kormil Group was founded in 2006 as an importer of Agrolife Feed, which later set up its own production. It also includes the Agrolife Transservice poultry farm with a capacity of up to 5 million broilers per year, a plant for the production of premixes, concentrates and mixed fodder, and Danylo Halytskyi LLC, which grows agricultural products on 4,000 hectares. The group employs over 400 people.
According to YouControl, Yavir-Invest’s revenue in the first half of this year decreased by 2.3% to UAH 303.38 million, and net profit by 3.4% to UAH 4.18 million. As of the middle of this year, the company’s authorized capital amounted to UAH 2.01 million, and its equity capital was UAH 60.08 million.
The company’s beneficiary is Ihor Patsula from Yavoriv.
Ukrnafta plans to drill about 30 new wells in 2025, as well as carry out workovers, equipment upgrades and production stimulation.
This was announced by the company’s CEO Sergiy Koretsky at the conference Supplier Day for State-Owned Oil and Gas Enterprises: Plans for 2025.
“In 2025, we plan to increase production by about 30 new wells. The vast majority of them will be completed with the help of third-party contractors. We also plan about 120 workovers – about 34 with the help of third-party contractors, and 52 hydraulic fracturing operations – about 30 with external support,” he said.
According to the CEO, the company will focus on upgrading equipment and improving energy efficiency: modernizing compressor stations, installing booster compressor stations and modular equipment for hydrocarbon preparation and measurement.
“We are preparing to conduct 3D seismic surveys over about 1,250 square kilometers of area. We also plan to conduct industrial and geophysical studies, design and survey work. In 2025, we will focus on pipeline surveys: about 2.5 thousand kilometers will need to be inspected to prevent gusts and emergencies,” Koretskyi said.
The company also repairs and modernizes the filling stations of the largest mono-brand network in Ukraine. About 100 existing filling stations will be partially modernized this year. Shops and cafes will be added. Modernization of the existing filling stations and construction of new complexes is the goal for the next few years.
“All Ukrnafta’s plans are impossible without reliable partners. That is why I sincerely invite everyone to follow the updates on the company’s official resources and participate in open tenders in the Prozorro public procurement system,” said the Ukrnafta CEO.
“Ukrnafta is Ukraine’s largest oil producer and operator of the national network of filling stations. In March 2024, the company took over the management of Glusco’s assets and operates a total of 545 filling stations – 460 owned and 85 managed.
The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, the company has been issuing its own fuel coupons and NAFTACard cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company, which belonged to private owners and is currently managed by the Ministry of Defense.
Agrotrade agricultural holding companies in Sumy and Chernihiv regions have completed the corn harvesting campaign on an area of about 6.5 thousand hectares, the company’s press service reported on its Facebook page.
According to the report, corn in the 2024 season had high quality indicators, in particular, lower than usual moisture content. It is at the baseline level or slightly (by 1-2%) higher than that. As for the yield of this grain, it was higher than planned.
“The price of corn on the market is much higher than last year and continues to grow. Given this, the crop is economically attractive this year,” said Oleksandr Ovsyanyk, Director of Agrotrade’s Agricultural Department.
He predicts that the market will react to such price trends and next year Ukrainian farmers will again allocate a significant part of their fields to corn.
Agrotrade Group is a vertically integrated holding company with a full agro-industrial cycle (production, processing, storage and trade of agricultural products). It cultivates over 70 thousand hectares of land in Chernihiv, Sumy, Poltava and Kharkiv regions. Its main crops are sunflower, corn, winter wheat, soybeans and rapeseed. It has its own network of elevators with a simultaneous storage capacity of 570 thousand tons.
The group also produces hybrid seeds of corn and sunflower, barley, and winter wheat. In 2014, a seed plant with a capacity of 20 thousand tons of seeds per year was built on the basis of Kolos seed farm (Kharkiv region). In 2018, Agrotrade launched its own brand Agroseeds on the market.
Vsevolod Kozhemiako is the founder and CEO of Agrotrade.
One of the largest grain market operators in Ukraine, JV Nibulon LLC, has built a gallery at the transshipment terminal for receiving cargo from water transport at the Mykolaiv Grain Hub, the grain trader’s press service reports on Facebook.
“From now on, Nibulon’s largest grain hub in Mykolaiv can work not only for unloading grains and oilseeds from rail to water transport, but also vice versa. The new gallery has the capacity to load one railroad car per day and, if necessary, can transship grain not only from Nibulon barges but also from Panamax vessels,” the statement said.
The agricultural holding intends to use these facilities to receive cargo from Voznesensk and Novoodessk branches after the resumption of water transportation on the route.
“This will reduce the burden on agricultural producers in terms of logistics costs, as it offers the cheapest way of transportation on the site with subsequent transshipment to wagons and transportation to the ports of Izmail and Greater Odesa,” the agricultural holding explained and invited colleagues to cooperate.
Nibulon JV LLC was established in 1991. Prior to the Russian military invasion, the grain trader had 27 transshipment terminals and crop reception complexes, a one-time storage capacity of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and owned the Mykolaiv Shipyard.
“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever volume of 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.
Nibulon’s losses due to Russia’s full-scale military invasion in 2022 exceeded $416 million.
Currently, the grain trader is operating at 32% of capacity, has created a special unit to clear agricultural land of mines, and was forced to move its headquarters from Mykolaiv to Kyiv.
Source: https://www.fixygen.ua/news/20241105/nibulon-vidkrivae-novu-galereyu-v-mikolaevi.html
