Poznyaki-Zhyl-Bud PJSC (Kyiv) made net profit amounting to UAH 5.9 mln according to the results of 2022, while 2021 ended with a loss of UAH 6.5 mln.
According to the company announcement in the information disclosure system of the National Securities and Stock Market Commission (SSMSC) about the annual general meeting of shareholders on April 28, the net profit per share last year was UAH 1.68 ths.
Poznyaki-Zhyl-Bud’s uncovered loss in 2022 decreased by 25% compared to 2021, to UAH 17.6 mln. Total accounts receivable increased by 36.8% to UAH 642.1 mln.
Last year current liabilities of PJSC increased by 24.6% up to 2.24 billion UAH, and long-term liabilities decreased to 5.6 billion UAH.
In general, the value of assets of Poznyaki-Zhyl-Bud in 2022 increased by 11% to more than 2.23 billion hryvnias.
According to the agenda of the meeting, the shareholders intend not to distribute dividends for 2022 and also elect new members of the supervisory board for three years.
In 2023 the company plans to continue the organization of residential, hotel, office complexes construction in Kiev, including residential complex with non-residential premises and underground parking in 12, John Paul II Str., and multifunctional complex in 7-9, Lesya Ukrainka Str. in Pecherskiy district of the capital.
According to the data of the National Commission on Securities and Stock Market, as for the fourth quarter of 2022 the shareholder of “Poznyaki Zhil-Bud” is Ruzanna Kagramanian (100%).
Poznyaki-Zhil-Bud PJSC was founded in 2002, specializing in construction of elite residential real estate, commercial real estate and social infrastructure objects.
According to the company web-site, its portfolio of completed construction projects includes residential and office complexes over 1 million sq.m.
Poznyaki Zhil-Bud Corporation since December 2015 is a part of investment and development group of companies Taryan Group (Kiev), founded in 2011 by ex-president of Poznyaki Zhil-Bud PJSC Arthur Mkhitaryan.
2022-2024 goods trade balance forecast (USD bln)
Source: Open4Business.com.ua and experts.news
The U.S. economy will enter recession in the coming months, Jeff Gundlach, head of investment company DoubleLine Capital, said on CNBC.
According to Gundlach, only a rise in unemployment is needed for a recession to begin under current conditions. The Federal Reserve (Fed) will need to take “very decisive” action, he believes, and expects the regulator to lower interest rates this year.
Since March 3, the two-year U.S. Treasury yield has fallen about 100 basis points to 4.078%. Until it recovers, the Fed won’t raise rates, Gundlach believes.
The Fed has been tightening monetary policy throughout the year. As Bloomberg notes, this forces investors to reallocate capital in favor of cash and instruments with yields higher than deposit rates, including Treasury bills and units of money market funds.
Reaching an agreement with the International Monetary Fund (IMF) on a four-year $15.6 billion EFF program allows us to talk about solving the problem of financing the state budget deficit 2023 and the possibility to more actively seek funds for reconstruction, Finance Minister Serhiy Marchenko said.
“We are also actively working to find funds for the recovery, and that will be the main focus and priority of our activities right now,” he said on Wednesday’s national telethon.
Marchenko said the EFF program is an anchor program, allowing donor support to come together. “If all those commitments made by the G7 countries are fulfilled, we can close the state budget deficit for 2023,” stated the head of the Ministry of Finance.
Talking about attraction of funds for reconstruction, the Minister noted that this year Ukraine will not be able to spend more than $14 billion, “these are the figures that have been agreed upon by the World Bank experts together with the relevant authorities: the Ministry of Reconstruction and other ministries.
According to him, the Russian frozen assets will not help in solving this problem this year, and the Ministry of Finance will try to seek funds on its own.
“We in pre-war times did not master any more than we are now proposing. We have a war going on right now, not always a business that does renovations, repairs, is willing to work with a country that’s at war. Therefore, after the war there will be a completely different reality and other opportunities, including the involvement of private investment and business in the reconstruction of Ukraine, “- Marchenko commented on the recently voiced general assessment of Ukraine’s needs for reconstruction in $411 billion and the need for 2023.
The Minister believes that the post-war capacity increase is not a difficult task.
As reported, the Ukrainian government, the World Bank Group, the European Commission and the United Nations recently raised Ukraine’s recovery needs estimate to $411 billion as of February 24, 2023 from $349 billion as of June 1, 2022.
RDNA2 estimates that Ukraine will require $14 billion in investment in 2023 for priority recovery and reconstruction.
The need to finance the state budget deficit in 2023 is estimated at a minimum of $38 billion.
On March 28, 2023 the Henley & Partners company provided the annual report on prosperity of Africa.
According to the Africa Wealth Report 2023, published by Henley & Partners in partnership with New World Wealth, the total amount of private wealth currently owned by individuals on the African continent is USD 2.4 trillion. This figure is expected to rise by 42% over the next 10 years.
South Africa, Egypt, Nigeria, Kenya and Morocco are the “big five” in terms of concentration of private capital, together they account for 56% of all wealthy people (HNWI) of the continent and more than 90% of its billionaires. There are currently 138,000 HNWIs in Africa with a personal net worth of USD 1 million or more, as well as 328 cent-millionaires with a net worth of USD 100 million or more, and 23 dollar billionaires.
Despite a challenging past decade, South Africa still has at least twice as many wealthy people as any other African country and 30% of the continent’s cent-millionaires. Egypt leads in the number of billionaires, while Mauritius boasts the highest wealth per capita in Africa at USD 37,500, followed by South Africa at USD 10,880 and Namibia at USD 10,050.
The fastest growing markets in the world
Andrew Amolis, head of research at New World Wealth, notes: “Africa is home to some of the fastest growing markets in the world, including Rwanda, Mauritius and the Seychelles, where wealth growth has been 72%, 69% and 54% respectively over the past decade.” Mauritius is expected to show strong private capital growth of 75% over the next decade (until 2032). This would make it the fourth fastest growing country in the world for the period in terms of millionaire growth, behind Vietnam, India and New Zealand.
richest cities in africa
4 of the 10 richest cities in Africa are in South Africa: Johannesburg has the largest number of millionaires in Africa (14,600), Cairo is in second place with 7,400 ultra-wealthy residents, followed by Cape Town (7,200). Lagos (5,400) is fourth, Nairobi (4,700) is fifth. Two other South African cities, Durban (3600) and Pretoria (2400), are ranked sixth and eighth respectively.
Namibia – the new star of Africa
Namibia is predicted to become one of Africa’s fastest growing markets, with the ultra-rich projected to grow by more than 60% by 2032. By December 2022, the country’s total investment wealth was USD 26 billion, and the number of dollar millionaires was 2,100 people. Launched in March 2023, the Residential Residency (RP) offer by investment could attract even more wealthy investors from around the world.
Investment migration is an innovative financial instrument
Dominique Volek, head of private banking at Henley & Partners, notes that more and more African countries are aiming to attract wealthy people through the provision of residence permits and citizenship by investment. These direct investments have the potential to seriously transform the economy: “As wealth grows on the continent and countries realize the benefits of promoting economic progress, we expect investment migration in Africa to continue to gain momentum in the coming years. This applies not only to demand in the domestic market on the part of investors from African countries, but also on the supply side. More and more African countries are looking to launch their own investment migration programs to increase the influx of both capital and talent.”
About the Africa Wealth Report 2023
The Africa Wealth Report 2023 is published annually by Henley & Partners in association with South African think tank New World Wealth. The study provides a comprehensive analysis of private equity across the continent, including trends in high net worth consumption, the luxury market and wealth management in Africa.
For more than a decade, New World Wealth has been tracking the wealth movements and buying habits of the world’s richest people. The firm’s research covers 90 countries and 150 cities around the world. It uses a model to determine wealth levels in each country with key wealth parameters from HNWIs own database of over 150,000 contacts, stock market and real estate statistics, and household income, savings and debt statistics in each market. The New World Wealth model also displays the historical growth trends of wealth in each country, taking into account fluctuations in the exchange rate against the US dollar, as well as movements in the stock market and real estate prices.
Read the report
German authorities are planning to allocate another EUR12 billion for military support to Ukraine, Bloomberg reported, citing sources on Wednesday.
The Bundestag budget committee is expected to approve the plans of German Defense Minister Boris Pistorius on Wednesday. Thus, in case of approval of such a step, the total amount of funds, directed by Berlin for military aid to Kiev, will increase up to EUR14.2 billion.
In particular, the amount planned for 2023 will more than double and reach EUR5.4 billion. The rest of the funds – EUR8.8 billion – will be available if necessary in the coming years. The money will not come from the Defense Ministry’s budget or the special EUR100 billion fund for the modernization of the Bundeswehr.
In addition, on Wednesday, the Bundestag budget committee is expected to approve the purchase of 10 self-propelled rapid-fire howitzers from Krauss-Maffei Wegmann GmbH & Co KG worth EUR 185 million; these guns are to replace the howitzers transferred by Germany to Ukraine.
