Quotes of interbank currency market of Ukraine (UAH for €1, in 01.06.2024-30.06.2024)
Open4Business.com.ua
The price of gold hit a record on Thursday, while silver rose to a 12-year high on increased expectations of active monetary easing by the Federal Reserve.
Gold futures on the Comex exchange climbed to $2707.9 an ounce during trading.
Silver on the spot market rose 2.8% to $32.71 an ounce, a record since December 2012.
Since the beginning of the year, silver has gained 34% in price, demonstrating the best dynamics among commodities. Gold has risen by almost 30% since the beginning of the year.
The precious metals are supported by expectations of rate cuts by the world’s leading central banks. Traders see about 62% probability of another Fed rate cut, by 50 basis points in November.
The media also write that gold was rising in price in anticipation of the speech of the head of the Federal Reserve Jerome Powell at the opening of the 10th annual conference of the FRB New York, dedicated to the U.S. government bond market. However, in his speech he limited himself to formal greetings to the participants and did not touch upon monetary policy issues.
Prices for the purchase of slaughter pigs in the third decade of September continued to recover, according to the Pig Producers of Ukraine industry association.
“Last week’s trading ended with a noticeable strengthening of prices for the purchase of live pork: most industrial pig farms “signed” commodity lots by 3-5.5 UAH/kg more expensive than a week earlier. Thus, the main volumes of live pork this week were purchased at 61-63 UAH/kg, although in some places quotations fluctuated by 1 UAH/kg both up and down. The weighted average market price amounted to 61.76 UAH/kg (+9.7% compared to last week), analysts said.
According to representatives of meat processing, the course of pork sales remains relatively stable, without any particular jerks or recessions. At the same time, some procurers say that the supply of conditioned pork is lower than they would like, so in some places there is a shortage of it. This is also confirmed by feedback from pork producers, who are increasingly interested in cooperation from former or new contractors, as well as requests for additional volumes.
“The operators of the live pork market currently see no prerequisites for lowering prices, but rather at least strengthening at the current level or increasing them to 65 UAH/kg,” the industry association summarized.
JSC “Oschadbank” has re-launched the Atmosfera shopping center and Ramada Encore Kyiv hotel and the rights of claim to Niteko Company LLC for UAH 1.018 billion through the OpenMarket electronic trading system (SE “SETAM” of the Ministry of Justice of Ukraine), the SETAM service reports.
The lot includes real estate in Kyiv, 103 Stolychne Shosse (buildings 1, 2, 3, 4), including an administrative and hotel center with a total area of 39.6 thousand square meters (Ramada Encore Kyiv), a two-level parking lot, and the Atmosphere shopping center with a parking lot with a total area of 48.5 thousand square meters. The lot also includes the sale (assignment) of the right of monetary claim to Niteko Company LLC.
“One of the biggest advantages of the lot is its location at the intersection of three major highways towards the elite villages of Obukhiv district and Koncha Zaspa. It is an excellent choice for shopping and recreation due to the large number of popular shops, food courts and entertainment areas. This makes Atmosfera a profitable business that has already gained a reputation and is known not only in Kyiv but also abroad,” said Oleksandr Mamro, CEO of SETAM.
The guarantee fee is UAH 50 million 905 thousand 257. The auction is scheduled for October 18, 2024.
In March 2024, when Oschadbank first put up for sale the mall and hotel at 103 Stolychne Shosse, the lot also included 11 land plots in Kozyn with a total area of 17.3 hectares for residential construction. The starting price of the full lot was UAH 1.79 billion.
According to Opendatabot, the owner of Niteko Company LLC is FC NGI Management LLC, and the ultimate beneficiary is Dmytro Buriak. At the end of 2023, the company reduced its net loss by 4.9 times compared to 2022 – to UAH 70.2 million, while net income increased by 69% to UAH 146.2 million.
As reported, Wyndham Hotel Group (WHG) opened its largest four-star hotel under the Ramada Encore brand in June 2012 as part of the Stolychnyi mixed-use complex (formerly Domosfera) at 103 Stolychne Shosse in the Holosiivskyi district of Kyiv.
The 22-storey hotel has 332 rooms and 58 apartments. The hotel’s infrastructure includes a conference center with a total area of more than 4 thousand square meters with 20 meeting rooms, a two-level parking lot for 1150 cars, two fitness centers, restaurants, a sushi bar and a summer terrace. The hotel is managed by DBI Hotels & Resorts (Switzerland).
The Atmosphere shopping and entertainment center (SEC) in Stolychny was opened on April 12, 2014. The mall has about 50 premium shops and boutiques, a food court, an entertainment zone, a karting center, a fitness center, a cinema with restaurant service and an event hall with 800 seats.
The developer of the project is DeVision Group. The mixed-use complex also includes Domosfera shopping center with a leasable area of 30.7 thousand square meters, opened on May 16, 2009, and Europe, a B+ business center with a total area of 22 thousand square meters and a parking lot for 300 cars. The total area of the mixed-use complex is 158.2 thousand square meters.
Optima Distance Learning School announced on its Facebook page that it has joined the European Business Association (EBA), one of the largest and most influential business communities in Ukraine.
According to the school’s founder, Maria Miletska, this step is intended to accelerate the further development of the educational institution and improve educational programs based on innovative approaches and methods.
“EBA membership opens up new opportunities for Optima to cooperate with leading companies and experts, which will help improve the quality of educational services and allow the school to invest more effectively in educational projects using modern technologies and approaches to learning. Students and their parents will have access to even more innovative and high-quality curricula that meet international standards,” Miletska said.
She also emphasizes that membership in the European Business Association is a recognition of its reliability and professional level. This confirms that Optima continues to move towards providing high-quality education for its students, helping them prepare for a successful future.
Thus, joining the EBA is an important step in strengthening Optima’s position in the educational services market, providing additional opportunities for its students, their parents and teaching staff.
Earlier, at a press conference at Interfax-Ukraine, Optima School Director Olga Bilodid announced that Optima School had received a permit to conduct educational activities in Poland and had started teaching high school students (grades 10-11) in this country.
Optima School was established and licensed in 2015. Currently, the school has 20 thousand students and is the largest online school in Ukraine.
N-Trans, a member of the NIKO group of companies, increased its turnover by 10% to UAH 1.4 billion in January-June 2024, the company said on its website.
“Our main goal remains to expand the geography of optimal logistics routes and improve the quality of service for our customers,” CEO Denis Fomenko said in the release.
It is specified that the geography of transportation currently covers Europe and Asia, with such companies as Mitsubishi, Hyundai, Volkswagen, Audi, Scania, Iveco, BYD, and Haval among its customers.
“As of September 1, 2024, N-Trans has more than 400 active legal entities in its portfolio, which is 20% more than in 2023,” Fomenko told Interfax-Ukraine.
According to the release, N-Trans operates a functional logistics terminal located at 45 km of the Kyiv-Chop highway, which includes a 24.1 thousand square kilometers of vehicle arrival area, a 164 square meters closed temporary storage warehouse, a 36.3 thousand square meters open customs warehouse, and a 60 thousand square meters open commercial warehouse. The terminal also includes a customs post of the Kyiv Customs Service and a phytosanitary control point of the State Service of Ukraine for Food Safety and Consumer Protection in Kyiv region.
According to its website, N-Trans LLC was founded in 2004 as a transport company of NIKO Trading House, a Ukrainian importer of Mitsubishi cars. In 2008, the company made changes to its business strategy, expanded its range of services and became a logistics operator. Currently, the company is one of the leading operators of integrated logistics services in Ukraine. The main activities include international road and container transportation, customs terminal services, customs clearance and warehouse logistics.
