Business news from Ukraine

Business news from Ukraine

Kyiv museums ask for help in restoration

The capital’s museums that suffered from rocket fire are closed until approximately October 16, the liquidation of the consequences is underway, and fundraising for restoration work has been announced.

The Khanenko Museum, in particular, reported that the team was not injured, the collection has been safe since the beginning of Russia’s full-scale invasion of Ukraine.

“The work on assessing the damage is ongoing. You probably saw in numerous photos and videos from the scene that the windows of the museum were damaged. We have already blocked them and removed the broken glass. Thanks to the friends and volunteers of the museum for this!” on Facebook.

For those wishing to help financially, the accounts of the museum’s partners, the Mizhvukhami Fund charitable organization are published:

UA323052990000026001016208973 UAH/840

UA753052990000026001046225528 EUR/978

UA633052990000026006026228830 USD/840

In the appointment it is necessary to indicate “For the Khanenkiv Museum”.

The National Science and Natural Museum of the National Academy of Sciences of Ukraine reported that the windows of the courtyard of the museum in the exposition halls of the geological, paleontological and zoological departments were knocked out by the blast wave.

“We are forced to ask for help. We urgently need materials or funds to purchase materials for the prompt repair of broken windows,” the museum’s page says.

If you can help financially – charitable account of the National Science and Natural Museum:

UA 958201720313271001302009806

Code ЄDRPO19020229

Full name: National Science and Natural Museum of the National Academy of Sciences of Ukraine (abbreviated as NNPM NAS of Ukraine)

If there is an opportunity to help with materials – the phone number of the director for museum and scientific work Chervonenko Oksana Vladimirovna +380503113256.

The windows of the first and second floors were damaged at the Taras Shevchenko National Museum. According to the museum, the process of cleaning and assessing losses is underway. For those who want to help, the account is indicated:

UA 43 820172 0 3132 71001 30101 6007

EDRPOU 022 26 116

The building of the Kyiv Art Gallery (formerly the Museum of Russian Art) was left without a roof and windows due to the raid. Funds for the restoration are collected by the charitable foundation. Sholom Aleichem. Requisites:

EDRPOU code 41378964

p/r UA133052990000026009016711600 in JSC CB “PrivatBank”

Purpose of payment: “A charitable contribution to commemorate the National Museum “Kyiv Art Gallery” of the victim of a violent aggression, head of 10.10.2022.”

The rector of the Taras Shevchenko National University of Kyiv Volodymyr Bugrov called for support for the restoration of the damaged university buildings and published the details:

In Ukraine:

r/r UA188201720313271002301014095

bank code 820172

code ЄDRPOU 02070944

For assistance in foreign currency, accounts are opened in Oschadbank: https://bit.ly/3COMgC0

As reported, during a massive rocket attack on October 10, the buildings of the Taras Shevchenko National University of Kyiv (the Red Building and the building of the Institute of Philology), the Scientific Library named after M. Maksimovych, the Institute of Literature of the National Academy of Sciences of Ukraine, the Institute of Archeography of the National Academy of Sciences of Ukraine, the National Philharmonic, the House of the Central glad, which houses the Pedagogical Museum of Ukraine and the Museum of the Ukrainian Revolution of 1917-1921. Also, the National Museum of Arts named after B. and V. Khanenko, the National Museum of Taras Shevchenko, the Kyiv Art Gallery, the National Research and Restoration Center, the memorial museum-apartments of M. Bazhan and P. Tychyna, the National Science and Natural Museum of the National Academy of Sciences of Ukraine Ukraine, Museum of the history of the city of Kyiv.

https://www.facebook.com/khanenkomuseum/photos/a.10155621344004162/10161146499489162/

https://www.facebook.com/NationalMuseumofNaturalHistoryKyiv/photos/a.178271882368376/2008546586007554/

https://www.facebook.com/permalink.php?story_fbid=5550628474991631&id=100001335990722

https://www.facebook.com/photo/?fbid=8389957164378847&set=a.289508001090511

The Open4Business project is ready to process and post information about humanitarian requests from organizations in need of restoration free of charge.

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Dynamics of changes in discount rate of NBU

Dynamics of changes in discount rate of NBU

NBU , graphics of the Club of Experts

Most Asian stocks decline on Wednesday

Most of the stock indices of the largest Asian countries are falling on Wednesday.
Markets continue to be negatively affected by the threat of a recession in the global economy against the backdrop of persistently high inflation and tightening of monetary policy by major central banks, writes MarketWatch.
The International Monetary Fund on the eve worsened its forecast for global economic growth next year to 2.7% compared to 2.9% expected in July. At the same time, it is noted that the risks of a recession are especially high for Europe due to a sharp increase in energy prices.
China’s Shanghai Composite index fell 1.1% by 8:32 a.m. The Hong Kong Hang Seng shed 2.1%, falling for the fifth consecutive trading and is at its lowest level in the last 11 years.
Among the leaders of the decline in quotations on the Hong Kong Stock Exchange are securities of the owner of the restaurant chain Haidilao International Holding Ltd. (-7%), Budweiser Brewing Co. APAC Ltd. (-5.9%), casino operator Sands China Ltd. (-5.7%), developer Country Garden Holdings Co. (-5.6%).
Shares of Internet retailers Alibaba Group and JD.com fell 4.5% and 1.1%, respectively, while Internet giant Tencent Holdings Ltd. – by 2.2%, automakers Geely and BYD – by 3.1% and 0.5% respectively.
Among the components of Hang Seng, only three companies show an increase in value: insurer AIA (+0.7%), aluminum producer China Hongqiao Group Ltd. (+0.2%) and pharmaceutical CSPC Pharmaceutical Group Ltd. (+0.1%). Share price of China Mobile Ltd. is at the close of the previous day.
The value of the Japanese Nikkei 225 fell by 0.06% by 8:27 Moscow time.
The volume of orders for basic manufacturing equipment in Japan, an indicator of capital expenditure for the next 3-6 months, fell 5.8% in August compared to the previous month, the country’s cabinet said in a statement. This was the worst result in the last six months. Analysts, on average, had expected a contraction of just 2.3%, according to Trading Economics.
The leaders of the decline in quotations are papers of Tokyo Electron Ltd. (-4%), Pacific Metals Co. (-3.5%) and Mitsubishi Motors Corp. (-3.5%).
Meanwhile, the value of retailers Seven & I Holdings Co. is rising. (+3.7%) and Aeon Co. (+3.5%), as well as railway operators West Japan Railway Co. (+2.8%) and Central Japan Railway Co. (+2.5%).
The Australian S&P/ASX 200 fell 1.5%.
The capitalization of the world’s largest mining companies BHP and Rio Tinto fell by 1% and 1.9%, respectively
Meanwhile, the South Korean Kospi index increased by 0.35% by 8:27 Moscow time.
Quotes of securities of one of the world’s largest manufacturers of chips and electronics Samsung Electronics Co. rise by 0.9%, while the cost of automaker Hyundai Motor fell by 0.3%.
The Bank of Korea on Wednesday raised the base interest rate by 0.5 percentage points – up to 3% per annum, which coincided with the expectations of experts. The cost of lending has been increased for the eighth time since August 2021.
The Central Bank predicts that inflation in the country will peak in October, but will remain quite high in the near future – more than 5%, at least until the end of the first quarter of 2023. South Korea’s GDP is expected to increase by 2.6% in 2022, and by 2.1% next year.

Cost of cottages and townhouses in Kyiv increased by 74.5%

The average price of 1 square meter in the cottage towns of Kyiv as of October 1, 2022, according to the consulting company “RealExpo” and the suburban real estate portal www.zagorodna.com, was UAH 58,489, which is UAH 24,970. more than in January. The price increase in hryvnias since the beginning of the year was 74.49%.

This growth is associated with a 51% increase in the dollar since the beginning of the year, a 50% increase in the cost of construction materials. The real value of a square minus the rising dollar in hryvnias increased by +23.49% over 9 months.

As for the cost in the cottage villages of Kyiv, according to Viktor Kovalenko, the director of the CC “RealExpo” and the head of the portal www.zagorodna.com, “built cottage towns and apartments in new buildings put a lot of pressure on it.”

Average cost in cottage towns of Kyiv,
January-September 2022, UAH/sq.m
(according to www.zagorodna.com)

District of Kyiv January September
Holosiivskyi        43451       76324
Darnytskyi          23356       43747
Desnyanskyi       20440      30688
Dniprovsky                           22929
Obolonsky           39854
Pechersky            60300
Podolsky              54411       91039
Svyatoshinsky     28297     46397
Solomianskyi      26550      50392
MIDDLE              33519      58489

The minimum cost of 1 square meter. m – UAH 20,550. in the built townhouses “Pyrogovo” on the street Laureatska, 102 in Holosiivsky district.

The maximum cost of 1 sq.m. m – UAH 150,000. in the ready KM “Konyk” on the street Lyutnev in the Holosiiv district.

The leader in terms of the average cost of a “square” in the cottage villages of Kyiv is Podilsky district (91,039 UAH). The average cost has increased by 67.3% since the beginning of the year; in second place – Holosiivskyi district (76,324 hryvnias). The price per square meter in the district has increased by 75.65% since the beginning of the year; in third place – Solomyansky district (50,392 hryvnias), the average price per square meter has increased by 89.8% since January.

In the Dnipro district, the average cost of a “square” is the lowest in Kyiv – UAH 22,929.

The average price per square meter in the cottage towns of Kyiv varied depending on the type of real estate. As of 01/10/2022, it looked like this:

The cost of types of real estate in cottage towns of Kyiv,
UAH/sq.m, January-September 2022

Property type January September
Duplex                25829     36989
Townhouse        28164      52944
Quadrex              47369     93717
Cottage                41817      64203

“Square” in quadrexes turned out to be the most expensive, since there are only 2 towns with quadrexes, and the price in one of them is very high and affects the average cost.
In second place in terms of cost are cottages (64,203 UAH). Their cost is 21.27% more expensive than a square meter in townhouses. A square meter in townhouses is 43.13% more expensive than in duplexes.

The average price per square meter in the cottage towns of Kyiv varied depending on the state of construction/readiness. As of 01/10/2022, it looked like this:

The average price per square meter in the cottage towns of Kyiv varied depending on the state of construction/readiness. As of 01/10/2022, it looked like this:

under construction – UAH 58,005;
built – UAH 59,835.

The average cost of a “square” in built towns is 3.15% more expensive than in towns under construction.

Conclusions:
The growth of prices in the cottage towns of Kyiv is influenced by:

– lack of solvent demand;
– lack of buyer-investors;
– increase in the dollar rate;
– the increase in the cost of construction materials and the increase in the price of logistics;
– fuel price increase;
– migration processes;
– labor shortage;
– unpredictability of war;
– difficult economic situation and inflation;
– lack of lending to developers;
– destruction of the installment mechanism

The price of a “square” depends on the location: the closer to the center of Kyiv, the more expensive it is; depending on the type of real estate: “square” townhouses are cheaper, cottages are more expensive; from the state of construction: in built towns, the cost of a “square” is higher than in towns under construction.

Buy and sell cottages and townhouses in Kyiv on the suburban real estate portal zagorodna.com

Author: Viktor Kovalenko, director of the RealExpo consulting company

Ukraine exports 7 mln tonnes of food from ports

Another seven ships with 177,500 tonnes of foodstuffs left the Ukrainian ports of Odesa, Pivdenny and Chornomorsk on Tuesday for the countries of Africa, Asia and Europe, the Ministry of Infrastructure of Ukraine has reported.
“In particular, among the ships leaving the Ukrainian ports is the bulk carrier Sea Pearl J, which will deliver 30,000 tonnes of wheat to Tunisia,” the ministry said on its Facebook page.
Five ships were sent from the port of Chornomorsk: Hazar S, Sea Pearl J, Ince Evrenye, Milina, Magnum Power, while Lucky Trader and Erdek departed from Odesa and Pivdenny, respectively.
In general, since the launch of the first ship with Ukrainian food, 7 million tonnes of foodstuffs have been exported, and the number of ships with food sent to Asia, Europe and Africa has reached 316.

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Dollar is declining against euro, has updated a maximum for 24 years in tandem with yen

The dollar is moderately declining against the euro, but growing against the Japanese yen, renewing its maximum value in 24 years.

The ICE-calculated index, which shows the performance of the US dollar against six currencies (the euro, Swiss franc, yen, Canadian dollar, pound sterling and the Swedish krona), is practically unchanged on Wednesday morning, as is the broader WSJ Dollar.

The euro/dollar pair is trading at $0.9721 by 8:52 p.m. compared to $0.9707 at the close of the session on Tuesday, the euro adds about 0.1%.

Meanwhile, the rate of the American currency against the yen rose by almost 0.3% and amounted to 146.25 yen compared to 145.86 yen the day before. This is the highest rate since August 1998. The last time the yen fell to a 24-year low at the end of September, after which the Japanese Ministry of Finance intervened in the foreign exchange market to support the national currency.

The dollar is strengthening against the yen due to mixed monetary policy rates: while the Fed is actively raising interest rates, the Bank of Japan continues to adhere to extremely soft monetary policy.

The pound rose 0.4% to $1.1012 compared to $1.0968 at the close of the previous session.

Traders are evaluating conflicting signals about the Bank of England’s emergency government bond purchase program.

British Central Bank Chairman Andrew Bailey said that the regulator will complete the purchase of bonds on Friday, as planned. “The essence of interventions to stabilize financial markets is partly that this is a temporary phenomenon,” he said.

However, the Financial Times then wrote, citing three anonymous sources, that the Central Bank privately hinted to representatives of some banks about the possibility of extending the bond purchase program in order to protect UK pension funds from losses.

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