Turkey’s Good Party (IP) leader Meral Akshener has announced that she is leaving the six-party opposition bloc over disagreement over a presidential candidate, the Daily Sabah reported Friday.
“We worked tirelessly to make the voice of the people heard in the opposition, to convey the expectations of the people to the opposition. At yesterday’s meeting, five parties nominated Kemal Kılıçdaroğlu, while we proposed Mansur Yavas and Ekrem Imamoğlu. Unfortunately, our proposal was rejected,” Akshener said. According to her, in this way the bloc proved that it “does not reflect the will of the people in its decisions,” and therefore the IP is leaving it.
At the same time, Akshener noted that her party will continue to oppose the ruling Justice and Development Party, whose leader is Turkish President Recep Tayyip Erdoğan.
She also called on her candidates, Yavas and Imamoglu, who are mayors of Ankara and Istanbul respectively, “to continue to fulfill their tasks” and try to win the elections.
For his part, Kemal Kılıçdaroğlu, head of the Republican People’s Party, who was nominated by the majority in the bloc, said there was no cause for concern.
“Don’t worry, everything will fall into place,” he said.
In January, Turkish leader Recep Tayyip Erdogan said Turkey’s presidential and parliamentary elections would be held on May 14.
The elections were originally scheduled for June 18, but Erdogan has repeatedly said the vote could take place earlier. His party has pointed out that the elections in June will coincide with the high tourist season, so it would be better to postpone them.
Pre-election polls show that the battle in both the presidential and parliamentary elections will be fierce.
Western media call the upcoming elections “the biggest test” for Erdogan in 20 years. At the same time, reports note that the opposition’s inability to decide on a single candidate could significantly weaken its position and give Erdoğan an additional chance of victory.
“Kernel, one of Ukraine’s largest agribusiness groups, earned $208.71 million in net income in the second quarter of fiscal year 2023 (FY, July-September 2022), down just 2.1% from the same period in the previous FY.
According to a financial report on the company’s Web site Friday evening, the agriholding’s revenue for the period fell 34.2 percent to $1 billion 235.28 million.
Gross profit was down 14.9 percent to $294.06 million, operating income was down 2.3 percent to $244.36 million and EBITDA was down 5.1 percent to $277.15 million.
These numbers are significantly better than the first quarter of this fiscal year.
The company attributed the 34% year-on-year decline in revenues to lower exports of grain, sunflower oil and meal.
The report notes that the net change in fair value of biological assets did not have a significant impact on the group’s results in the second quarter, with a profit of $0.3 million versus a profit of $27 million in the same period last year.
According to the document, shipping and handling costs accounted for 23% of cost of sales in October-December 2022, up 120% quarter-on-quarter and 64% quarter-on-quarter, reflecting sharply higher logistics costs in exporting goods from Ukraine. This caused a 15% decrease in gross profit.
“Kernel also recognized a $5 million gain from the reversal of previously recognized asset impairments, primarily related to inventories located in territories previously occupied by Russia, as the company was able to access and use such inventories in its operations.
General and administrative expenses in the second quarter of fiscal 2023 were $59 million, an increase of 33% over the first quarter of fiscal 2023, reflecting higher payroll-related accruals.
Regarding EBITDA, Kernel clarified that in the Oilseeds Processing segment, it increased 10% year-over-year to $66 million, mainly due to the second consecutive quarter of strong profitability for those players who were able to organize the logistics of sunflower oil exports from Ukraine.
“Despite improved profitability year-over-year in the reporting period for all businesses in the Infrastructure & Trading segment, a more than two-fold decline in export volumes led to a 46% year-over-year decline in segment EBITDA to $62 million,” the report said.
According to it, the Agriculture segment recorded a solid EBITDA of $204 million, up 45% from last year. This growth is largely due to the devaluation of the hryvnia, the document said.
Kernel added that its net profit from exchange rate differences in the reporting period amounted to $8 mln.
Kernel’s net debt, according to the report, decreased during the quarter by 30% – to $1.048 billion, and the ratio of net debt to EBITDA decreased from 13.5 to 11, but it is still much higher than a year ago, which was 1.9.
Overall, in the first half of 2023FG Kernel’s net profit decreased by 12.6% to $370.31 million compared to the same period last year, while revenues fell by 41.3% to $1 billion 889.78 million.
Gross profit was down 30.8% to $467.41 million, operating income was down 21.8% to $386.83 million and EBITDA was down 21.9% to $445.52 million.
As reported, Kernel ended FY 2022 with a net loss of $41 million versus $506 million in net income in the previous fiscal year on a 5% decline in revenue to $5.332 billion.
The adoption by the European Union of new carbon dioxide standards for cars and buses is postponed to a later date due to opposition from Germany, some other countries and the center-right wing of European lawmakers, the representative office of Sweden, which holds the EU Council presidency, said.
“The vote (originally scheduled for next week – IF) will take place at a later (EU) Council meeting,” the Swedish presidency said Friday, noting that no date has yet been set.
Last year, EU lawmakers and member state governments agreed that manufacturers must cut emissions from new cars by 55 percent by 2030 from 2021 levels and 100 percent in 2035. In effect, this means that sales of new cars that run on hydrocarbon fuels, such as petroleum products, will be banned.
Some countries, including Germany, have asked the European Commission (EC) to make an exception for cars running on “green fuel. It can be made from renewable energy sources and carbon emitted from the air. However, the EC is still silent.
The center-right European People’s Party (EPP), the largest faction in the European Parliament, opposes the ban and calls on the governments of the Union to do so.
The EPP’s chief negotiator on the issue, Jens Gieseke, motivated the conservatives’ position by the fact that the ban would hinder innovation, lead to the loss of thousands of jobs and the decline of a crucial European industry.
“The world will continue to drive cars with internal combustion engines. Our job is to make them as CO2-efficient as possible, not to ban them. Green fuels can help,” Gieseke said.
The European Greens are of a different opinion. Their leader in the European Parliament, Philippe Lambert, believes that this should not be a topic for further debate. Germany has already agreed to phase out internal combustion engines, and Brussels has already decided on this. Germany must remain a reliable European partner, he said in a statement sent to journalists.
Ukraine will receive a $170 million grant from Japan to implement Ukraine’s “Rapid Recovery Plan,” Japanese Ambassador Matsuda Kuninori and Deputy Prime Minister for Reconstruction and Minister of Community Development, Territories and Infrastructure Oleksandr Kubrakov signed the agreement on Friday.
According to the Ministry of Reconstruction, the day before, the deputy prime minister also signed a memorandum under which the United Nations Development Program (UNDP) will independently oversee the use of funds for housing reconstruction in the Kiev region.
“Transparency and accountability are the basic principles of the approach to reconstruction. Without fulfilling these conditions, the involvement of international partners and, in general, the effective restoration of the destroyed is impossible (…) We plan to scale the successful experience of supervision and cooperation with UNDP in matters of independent supervision to other restoration projects in different regions of Ukraine”, – Kubrakov noted.
According to him, similar cooperation is planned with other international organizations – financial or expert.
In addition to independent oversight, UNDP will support digitalization of reconstruction, development and monitoring processes in regional development, work on enhancing the capacity of local governments to implement infrastructure projects, community access to international donor funding and energy efficiency of social infrastructure.
In addition, the UN Development Program will provide technical support to Ukraine in reconstruction.
As reported, the Government of Japan has allocated $170 million for Ukraine’s reconstruction, and before that another $95 million, which was sent to the UNDP Development Program in the framework of a partnership agreement.
In addition, in January, the “Recovery” direction was launched within the framework of the fundraising platform United24. Due to it, 18 apartment buildings in Irpen, Borodyanka, Gostomel, Buzova and Mily will be fundamentally repaired and about 4000 residents will be able to return into their homes by the end of 2023. For this purpose, according to the decision of the government, more than 500 million UAH collected at the special account of United24 will be directed.
The head of the European Parliament (EP), Roberta Metsola, arrived in Kyiv late Friday night.
“It is good to be back in Ukraine. To these brave people who inspired the world. To the heroes who refuse to give up. To those who sacrificed everything for our values. To the Europeans whose home is in our European Union,” Metsola wrote on Twitter’s microblog on Saturday night.
She stressed that “the future of Ukraine is membership in the European Union” and that Europe will “go all the way with you.”
Metsola also met with the speaker of the Verkhovna Rada of Ukraine, Ruslan Stefanchuk.
“It’s good to see my friend Ruslan Stefanchuk again. Cooperation between the European Parliament and the Ukrainian Parliament will be strengthened”, – said the head of the European Parliament.
In turn, Stefanchuk stressed that the European Parliament is undoubtedly at the forefront of support for Ukraine.
The MP added that during the meeting the sides discussed sanctions against Russia, noting that “all possibilities of circumventing restrictions should be stopped”.
Also Stefanchuk thanked the European Union for financial support, for macrofinancial assistance.
In addition, the head of the Ukrainian parliament raised the topic of China’s proposals on the so-called “peace treaty.”
“He said that there is a formula for peace, proposed by Ukrainian President Zelensky. And it is to the support of this initiative we call the world”, – summed up Stefanchuk.
In Kiev, as part of the “Bold Blood” project, the first long-term blood storage bank in Ukraine was opened at the Kiev City Blood Center, which allows freezing and preserving rare blood groups for up to 30 years.
According to a press release from the project, the center will also allow for prompt logistics under the most difficult conditions, including at the site of military operations to rescue military and civilian casualties.
According to the acting director of the city’s blood center, Vitaly Demsky, previously such critical blood components as red blood cells could retain a maximum of 42 days, the new blood bank will make it possible to extend the life of red blood cells up to 30 years.
“Today we have new special equipment that can preserve red blood cells at temperatures of -80°C and below, as well as allowing us to freeze and thaw blood components,” Demsky said.
The project was implemented in partnership between the Ministry of Health, Parimatch Ukraine and the Kyiv City State Administration.
