The National Bank of Ukraine (NBU) has categorized Ukrainian Construction and Investment Bank (Ukrbudinvestbank, Kyiv) as insolvent due to the lack of effective measures to improve its financial situation, the regulator said on its website.
“Since Ukrbudinvestbank was classified as a problem bank on August 4, its financial position has deteriorated significantly, and the management and owners of significant participation have not taken appropriate measures to prevent insolvency,” the NBU said.
He specified that the reason for recognizing the bank as a problem was its failure to comply with the National Bank’s decision to restrict certain types of transactions without reasonable cause.
The regulator noted that the share of the financial institution amounted to 0.04% of the assets of the country’s solvent banks as of September 1, 2023, so its classification as insolvent does not affect the stability of the Ukrainian banking sector.
The NBU reminded that during the martial law, each depositor of Ukrbudinvestbank will receive compensation from the Deposit Guarantee Fund in the full amount of the deposit, including interest accrued as of the end of the day preceding the day of the start of the bank’s withdrawal from the market. As of September 1, 2023, the total possible amount of guaranteed repayments to depositors of this financial institution was UAH 606 million, the press release said.
It is specified that Ukrbudinvestbank is classified as insolvent in accordance with the decision of the NBU Board of September 7, No. 310-rsh/BT.
Ukrbudinvestbank was founded in 2004. According to the NBU, as of July 1, 2023, it ranked 45th among 65 operating Ukrainian banks in terms of total assets (UAH 2.47 billion). Its net profit for the first half of this year amounted to UAH 19.07 million.
According to the financial institution’s website, its largest shareholders are Svetlana Demyanenko (74.93%), Yulia Podgornits and Lyudmila Minevich (9.90% each), and Natalia Shishova (5.27%).
At the end of July this year, Vadym Kachurovsky, who had held the position for almost 11 years, resigned as chairman of the board of Ukrbudinvestbank. His deputy, Natalia Vorobey, was appointed interim CEO until August 2.
The National Agency for the Prevention of Corruption (NAPC) has included Turkish Şişecam Group, which is the largest exporter in the Russian Federation in its industry, in the list of international sponsors of war, the press service of the NAPC reports.
The main areas of activity of the company are glass and chemical production. Şişecam Group is the world’s second largest producer of glassware, the fifth largest producer of glass containers and sheet glass, and a world leader in the production of soda ash and chromium-based chemicals.
Şişecam’s 2022 revenue increased to $3.6 billion and net profit to $740 million.
Since the start of Russian aggression in 2014, Sisecam Flat Glass has been producing architectural, construction and automotive glass in Russia at the Alabuga SEZ in the Republic of Tatarstan. In Russia, Şişecam’s consolidated production volumes of flat glass, glassware and glassware exceed 1.5 million tons per year, with total investments of $1.25 billion. The company provides jobs for 3,414 employees at its plants in Russia, thereby creating jobs and supporting the terrorist state’s economy.
In particular, Şişecam Group’s subsidiaries producing sheet glass, glassware and glass containers paid more than $11.2 million in taxes to the Russian Federation in 2022.
The NAPC release notes that there was no attempt to condemn Russia’s war against Ukraine from the company’s management.
Şişecam Group has two assets in Ukraine – Pivdenna Brewery LLC and Merefianska Sklana Kompaniya.
Japan’s financial, humanitarian and technical assistance to Ukraine has already exceeded 7.6bn dollars. Japan’s financial, humanitarian and technical assistance to Ukraine has already exceeded 7.6bn dollars, Verkhovna Rada Speaker Ruslan Stefanchuk has said.
“Ukraine is grateful to all G7 countries, especially Japan, which is chairing the G7 this year, for its consistent position in support of the territorial integrity and sovereignty of our state. We are grateful to Japan for its principled position in the UN structures, in particular, as a non-permanent member of the Security Council. Ukraine is grateful to Japan for its unprecedented decisions to provide non-lethal military assistance and for receiving Ukrainian evacuees. We are immensely grateful for Japan’s financial, humanitarian and technical assistance, which has already exceeded 7.6 billion dollars. The Ukrainian parliament speaker said in a statement at a press conference at the National Press Club of Japan on Thursday.
Stefanchuk also expressed gratitude to the Japanese side for consistent cooperation with Ukrainian and foreign partners to bring the aggressor to justice.
“The investigation of the UN International Court of Justice, the Special Tribunal for the Crime of Aggression against Ukraine, the International Center for the Punishment of the Crime of Aggression in The Hague, the Register of Damage Caused by Aggression and the Compensation Fund are the main tools on this path. Russia must be stopped. Criminals must realize that punishment is inevitable,” he stressed.
In addition, the head of the VR noted that Ukraine counts on Japan’s support not only during the war, but also in times of peace, as Ukraine will need assistance and investments for post-war reconstruction of the destroyed economy.
“We would also like to utilize Japan’s incredible experience in rebuilding after wars and natural disasters. Therefore, I am pleased to welcome Japanese government agencies and companies to Ukraine to work together,” the speaker added.
As reported, on September 6-10, Chairman of the Verkhovna Rada of Ukraine Ruslan Stefanchuk is on a working visit to Japan. In Tokyo, the speaker will take part in the parliamentary summit of the G7 countries (G7). He has been invited as a special guest of the summit. The program of the visit includes a number of bilateral meetings and Stefanchuk’s speech before the participants of the G7 parliamentary summit.
The working visit of the speaker of the Ukrainian parliament takes place against the background of an active dialog with Japan on Ukraine’s support in countering the Russian aggressor (in 2023 Japan will chair the G7).
Among the main goals of the visit are to strengthen the assistance to Ukraine from the G7 countries, to complement the efforts of the President and the Government of Ukraine and to expand cooperation with the parliaments of the G7 countries.
In addition, the aim is to strengthen bilateral relations between Japan and Ukraine and expand cooperation.
The regions of Western Ukraine became the leader in terms of agricultural land prices in the summer of 2023, according to the data of the Opendatabot service.
According to the infographics of the resource, in June of this year, the most expensive agricultural land was in Lviv (139.4 thousand UAH/ha), Ivano-Frankivsk (84.391 thousand UAH/ha) and Kyiv (61.611 thousand UAH/ha) regions. The minimum price was recorded in Kharkiv region – 26.3 thousand UAH/ha.
In July, the leading regions in terms of land prices were Rivne (144.2 thousand UAH/ha), Ivano-Frankivsk (140.9 thousand UAH/ha) and Lviv (103.647 thousand UAH/ha) regions. During this period, the cheapest land was bought in Donetsk region – 19.08 thousand UAH/ha.
Ivano-Frankivsk region was the leader in terms of the cost of agricultural land in August, although prices were lower – 111.5 thousand UAH/ha. Lviv (91.987 thousand UAH/ha) and Khmelnytsky (53.019 thousand UAH/ha) regions were in the TOP-3. Zaporizhzhia region became the anti-leader in the last month of summer – 26.57 thousand UAH/ha.
The average cost of agricultural land in Ukraine in June amounted to 39.86 thousand UAH/ha, in July – 44.9 thousand UAH/ha, in August – 39.85 thousand UAH/ha.
At the same time, the area of land sold during the summer decreased from 14.9 thou hectares in June to 13.4 thou hectares in July and 10.45 thou hectares in August.
According to the report, the average cost per hectare for the entire period of work on the land market is about 37 thousand UAH/ha. In the first month after the resumption of work in May 2022, prices reached 43 thousand UAH/ha.
As reported, the Kyiv School of Economics (KSE), with the support of the USAID AGRO Program, is conducting a study of the land market in Ukraine. During the last analysis, analysts identified two systemic problems: the low level of price registration in the State Register of Rights and the underestimation of land prices during transactions.
“Since the beginning of 2023, the share of transactions with a registered price has amounted to only 18.8% of all sales transactions, while in 2022 this figure was 34.4%, and in 2021 – 55.0%. At the same time, in 60% of cases where the price of the land plot was indicated, it was at the lowest possible level, i.e. at the level of the normative monetary value (NMV). The ratio between purchase and sale prices and lease prices at electronic land auctions at 1:4.5 indicates that the registered prices of purchase and sale transactions are twice lower than the market prices,” the study says.
Source: https://opendatabot.ua/open/land
Primary registrations of new buses (including minibuses) in Ukraine in August increased by 97.2%, or 103 units, compared to July this year – up to 209 units, according to the statistics of the association “Ukravtoprom”.
At the same time, compared to August last year, when 59 buses were registered, the demand increased more than 2.5 times.
As reported, in July-2023 the registration of new buses decreased by 17.2% compared to June.
The position of the leader last month (as in July) was retained by Citroen buses with registration of 72 units, which is by 20 vehicles more than a month earlier (in August-2023 – one bus), the second place is held by Ataman buses produced by JSC “Cherkassy Bus” with registration of 52 vehicles against 23 in July-2023 and 17 – in August last year.
The third place was held by Ukrainian “Etalon” with registration of 51 buses against 8 in July, and another Ukrainian manufacturer – ZAZ – moved up to the fourth line, 11 buses of this brand were registered (in July – one).
Next are Ford (8 buses), the same number of registered buses “Bogdan”, which were not registered neither in July this year, nor in August last year.
Volkswagen (3) JAC (2) Iveco and MAN buses (one each) were registered in August in insignificant volumes.
Thus, in January-August 2023 the total primary registrations of new buses of all classes in Ukraine amounted to 1094 units. – Almost 2.4 times more than in the same period of 2022.
As market experts noted earlier, the bus market is “gradually reviving” (except for the extra large class).
Fertility in Ukraine as of 31.07.2023
Source: Open4Business.com.ua and experts.news
