The amount of remuneration to members of the Supervisory Board and Management Board of state-owned PrivatBank (Kyiv) in January-June this year increased by 26.4%, or UAH 24 million, compared to the same period last year, to UAH 115 million, according to the bank’s quarterly report.
According to the report, remuneration to members of the supervisory board and management board of the financial institution included salaries, pension fund contributions, and other short-term payments.
As reported, three state-owned banks, which are among the top five in terms of assets in the country, significantly reduced remuneration for the performance of job functions to members of the supervisory board last year, in particular: PrivatBank – by 38.8%, Oschadbank – by 32%, and Ukreximbank – by 45.8%.
Last year, PrivatBank paid UAH 51.6 million to six independent members of the Supervisory Board and three state representatives, while in 2022 it paid UAH 84.3 million. As for the remuneration of board members, Privat increased it by 1.9% to UAH 78.9 million in 2023.
According to the National Bank of Ukraine (NBU), as of June 1, 2024, PrivatBank was the leader in total assets (UAH 872.40 billion) among 63 banks operating in Ukraine. Net profit for the previous year amounted to UAH 37.76 billion.
The Cabinet of Ministers has amended the procedure for providing grants for the establishment of horticulture, berry and viticulture, as well as the development of greenhouse farming, which are aimed at the recovery of the grape and wine industry, the Ministry of Agrarian Policy and Food reported.
“Viticulture is a key industry that is now in stagnation. Therefore, realizing these conditions, we have updated the grant procedure. The changes will help winemakers integrate into the grape vertical. They will be able to use the grants to plant their own vineyards. We have also eliminated the mandatory requirement to install irrigation systems and water intake for grapes,” – commented on the Government Resolution No. 871 adopted by the Acting Minister of Agrarian Policy and Food Taras Vysotskyi.
According to his information, the order of granting grants for the establishment of horticulture, berry growing and viticulture presents an expanded list of regions for growing stone fruit species. The total area for planting peach, apricot, sea buckthorn, raspberry, currant, gooseberry, blackberry, currant has been increased at the expense of reducing the total area of planting under pigeonpea and blueberry. The document also clarifies the period during which a garden grant recipient is required to create an appropriate number of seasonal jobs. In addition, the requirement to install an irrigation system and water intake for grapes has been eliminated.
The decree expands the range of potential recipients of grants for orchards and greenhouses. They can be agrarians who are located and carry out economic activities in the territories of active hostilities, where the state electronic information resources are functioning, produce (without adding alcohol) and / or sale of wine grapes, fruit and berry, honey drinks.
The decree shall come into force from the date of its publication.
berry growing, CABINET OF MINISTERS, GRANTS, HORTICULTURE, VITICULTURE
The bitcoin exchange rate is falling sharply on Monday amid a global sell-off in risky assets.
Bitcoin fell by 10.8% to $52,827 thousand by 12:25 Kyiv time, according to CoinDesk. Over the past five sessions, the cryptocurrency has lost more than 21% of its value, although it has added almost 26% since the beginning of the year.
The Ether exchange rate fell by 15.3% to $2,330. This is a record drop since 2021.
The Japanese stock index fell by 12.4% on Monday, the fastest pace since October 1987, and futures on the US stock index Nasdaq Composite are down 4.2%.
The collapse of risky assets is caused by growing fears of a recession in the United States after weak statistics released last week. Goldman Sachs analysts now believe that the probability of a recession in the US economy in the next year is 25% instead of the previously expected 15%, and markets see a 60% chance that the Federal Reserve will hold an extraordinary meeting this week and cut its key interest rate by 25 basis points.
“The market is in a panic mode,” said Grace Chen, head of the Bitget cryptocurrency exchange.
Bangladesh’s army commander, General Waqer ul-Zaman, said on Monday that Prime Minister Sheikh Hasina had fled the country.
“The commander confirmed that Sheikh Hasina had fled the country and said he would help form an interim government,” The Times of India reports.
Earlier, a number of media outlets reported that Sheikh Hasina had resigned as prime minister and fled Bangladesh.
The commander assured that the authorities will investigate all cases of deaths during the unrest and called for trust in the army. The general also called on his fellow citizens to avoid acts of violence and to adhere to law and order. Meanwhile, according to some reports, protesters set fire to the office of the prime minister’s Awami League party in Dhaka. Meanwhile, India’s border security forces have been put on high alert along more than 4,000 kilometers of the border with Bangladesh.
Protests in Bangladesh began in July at a university campus – students opposed the return of the practice of quoting 30% of jobs to family members of veterans of the country’s 1971 war of independence. This practice was abolished in 2018, but returned by court order in June of this year. Students recognized it as discriminatory, especially given the high unemployment in the country.
Ukrainian athlete Ilya Kovtun brought Ukraine a silver medal in the parallel bars at the 2024 Olympic Games in Paris.
The athlete scored 15.5 points.
Another Ukrainian gymnast, Oleg Verniaiev, took eighth place with 13.3 points.
With these results, Ukraine has completed its performances in artistic gymnastics at the 2024 Olympic Games in Paris.
In these events, an athlete from China took the first place, and the third place went to Japan.
Forecast of dynamics of changes in Ukrainian GDP in % for 2022-2025 in relation to previous period
Source: Open4Business.com.ua
