In Ukraine, prices for potatoes have started to gradually decline, analysts of the EastFruit project report. It should be noted that a week earlier sellers managed to keep selling prices at a fairly high level, but the activity of trade gradually decreased. It became obvious to producers that at the established price level it will be extremely difficult to realize the volumes of potatoes, especially those that are not suitable for further storage, before the onset of frost. As a result, most of them by the middle of this week began to synchronously reduce selling prices, trying to revive the interest of wholesalers to their goods.
Thus, at the moment farmers in the main regions of production are ready to ship quality potatoes at 18-28 UAH/kg ($0.43-0.68/kg), depending on the volume and quality of products offered, which is on average 10% cheaper than at the end of last week.
At the same time, wholesale companies, many of which succumbed to the hype in this segment, and having in stock volumes of expensive potatoes purchased on the external market earlier, are currently selling excessive quantities at a loss.
At the same time, owners of quality potatoes today prefer not to hurry with the realization of available volumes of their products, waiting for the improvement of the price situation in the market. It should be added that under the current conditions, potato prices in the Ukrainian market at the moment are still on average 2.3 times higher than in early November last year.
More detailed information about the development of the market of potatoes and other horticultural products in Ukraine you can get by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed information about the product can be found here.
https://east-fruit.com/novosti/v-ukraine-desheveet-kartofel-2/
In January-September 2024, the equity of Express Insurance (Kyiv) increased by 13.2% compared to the same period in 2023 – up to UAH 342.3 million, technical reserves – by 25.1%, up to UAH 450.5 million.
According to the insurer, as of September 30, 2024, its assets increased by UAH 133.4 million, or 18.7%, to UAH 848.4 million, while highly liquid assets amounted to 88.7%, which ensures the company’s operational ability to pay claims.
“This increase in capital and reserves confirms the company’s strategic focus on long-term financial stability and protection of clients’ interests. For consumers, this is a guarantee that the company has sufficient resources for stable and uninterrupted operation, ensuring reliable protection of their interests,” the statement said.
As reported, in January-September 2024, Express Insurance made payments of UAH 377.4 million, which is 62%, or UAH 144.5 million, more than in the same period of 2023,
In particular, payments under motor hull insurance amounted to UAH 317.2 million (+56.1%), under motor third party liability insurance – UAH 49.7 million (2.3 times more), under voluntary health insurance – UAH 4.5 million (-11.1%), payments under other insurance contracts – UAH 10.5 million (+19.4%).
The company’s insurance premiums for this period amounted to UAH 679.6 million, which is UAH 168.4 million, or 33% higher than the same indicator for 9M2023. 2023. In particular, motor hull insurance premiums increased by UAH 91.6 million (+20.6%) to UAH 535.6 million, MTPL premiums – by UAH 70.9 million (+130.5%) to UAH 125.2 million, and other types of insurance – by UAH 8.8 million (+87.8%) to UAH 18.8 million.
The total level of payments to customers in January-September 2024 amounted to 55.5% compared to 45.6% for the same period last year.
Express Insurance ALC was founded in 2008 and is part of the UkrAVTO group of companies. The company specializes in motor insurance. The company’s consistently high claims settlement rate is ensured by optimal cooperation with partner service stations.
Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.
In February-October 2024, Ukraine continued to suspend manganese ore exports, which resumed in January this year after a two-year break.
According to statistics released by the State Customs Service (SCS), there were no exports of manganese ore in February-October, while in January 44,903 thousand tons were exported to the US for $6.563 million.
At the same time, in ten months of 2014, the country imported 84.275 thousand tons worth $18.212 million from Ghana (99.34%), Brazil (0.50%) and Belgium (0.12%), and there were no imports in October.
Import growth occurred in July and August of this year, when 17.811 thousand tons of manganese ore were imported in July, 10.017 thousand tons in August, and in September it increased to 56.447 thousand tons. Ukraine imported 44.202 thousand tons of manganese ore in 10 months of 2013.
As reported, Ukraine did not export manganese ore in 2022 and 2023, exported 770 tons for $89 thousand in 2021, and imported 44.203 thousand tons for $7.020 million in 2023.
In 2022, Ukraine reduced imports of manganese ore and concentrate in physical terms by 68.1% compared to the previous year, to 135,798 thousand tons, and in monetary terms by 66.4%, to $18.098 million. The main imports were from Ghana (99.16% of supplies in monetary terms), Slovakia (0.71%) and Belgium (0.10%). In August-November 2022, there were almost no imports of manganese ore.
In addition, it was reported that the Pokrovsky Mining and Processing Plant (PGOK, formerly Ordzhonikidze Mining and Processing Plant), a part of the Privat Group, and Marhanetsky Mining and Processing Plant (MGOK, both in Dnipropetrovska oblast), in late October and early November, had been shutting down. ) stopped mining and processing crude manganese ore in late October and early November 2023, while NFP and ZFP suspended smelting of ferroalloys, and later ferroalloy enterprises slightly resumed production.
In Ukraine, Pokrovske and Marhanets mining and processing plants mine and enrich manganese ore.
Manganese ore is consumed by ferroalloy enterprises.
In January-October this year, Ukrainian companies increased imports of copper and copper products in value terms by 11.7% compared to the same period last year, to $116.252 million.
According to customs statistics released by the State Customs Service of Ukraine, exports of copper and copper products increased by 19.4% to $72.981 million over the period under review.
In October, the country imported copper worth $11.742 million and exported it for $7.466 million.
As reported, in 2023, Ukraine increased imports of copper and copper products by 2.2 times compared to 2022 – up to $140.795 million, while exports decreased by 20.1% to $72.078 million.
Copper is widely used in electrical engineering, pipe manufacturing, alloys, medicine and other industries.
The bitcoin exchange rate rose above $81 thousand for the first time on Sunday and continues to grow after Donald Trump’s victory in the US presidential election, MarketWatch reports.
Traders hope that Trump will ease regulations on cryptocurrencies, as he has publicly spoken in support of the development of this sector.
Bitcoin rose by 2.8% to $81,241 thousand during trading on Monday, according to Coindesk. Over the past week, the world’s most popular cryptocurrency has risen by 14%, with the increase over the past month exceeding 25%. Its rate has more than doubled in a year.
In addition to the victory of their candidate in the presidential election, the Republicans are approaching full control of Congress, the Financial Times notes.
Although the final result of the House of Representatives elections has not yet been confirmed, the Republicans are on the verge of taking control, which “will allow the new administration to implement supportive policies for digital assets shortly after Trump takes office,” according to Standard Chartered analysts.
“We expect positive changes early on in the administration,” including ‘changes at the Securities and Exchange Commission that will lead to a more lenient regulatory stance on digital assets,’ said Jeff Kendrick, head of digital asset research at Standard Chartered.
“Bitcoin, one of the riskiest assets, is experiencing a surge in popularity,” said Eswar Prasad, professor of economics at Cornell University. – “Regulatory clouds are dissipating. Financial conditions are becoming looser, and the macroeconomic outlook for the US continues to look bright.”
“America is going to go down the road to economic freedom,” said Brian Armstrong, CEO of Coinbase Global.
Ethereum, the second most popular cryptocurrency in the world, has risen by almost 20% over the past month and by 52% over the year. At the same time, it fell by 0.9% to $3,149 thousand during trading on Monday, according to Kraken.
AI Development and Ribas Hotels Group are planning to open Dzen Residence hotel complex in Ivano-Frankivsk region in 2025, the press services of the companies report.
“Dzen Residence is a new product for the Ukrainian real estate market. We are confident that the combination of Japanese aesthetics with the Carpathian nature will create consistently high demand and provide a stable income for our investors,” said AI Development co-founder Igor Didyk.
According to the release, the complex will be located in the village of Yablunytsia, Ivano-Frankivsk region, at an altitude of 960 meters above sea level, with a panorama of the Chornohora ridge. The 8-hectare area will accommodate 86 houses of 5 categories with an area of 42-110 sq.m. and a condo hotel with 60 rooms of 3 categories. Dzen Residence is designed in such a way that each house has a view of Hoverla, and the rooms of the condo hotel – of Petros.
The infrastructure of the complex includes a biobasin, a 655 sq. m. spa complex with an infinity pool and 5 types of saunas; a recreation area with a fireplace, places for tea ceremonies, yoga classes, two padel tennis courts; two restaurants with a panorama and a food court in the coworking area; parking for cars. A grid bridge will be built at a height of 15 meters and a pedestrian zone around the river will be arranged; there is a water source with a high mineral content; ponds with trout and Japanese carp. A large event hall (2 thousand square meters) was designed for business conferences or other events.
The project developer is AI Development. The integrated management of the hotel complex will be provided by Ribas Hotels Group. The project is designed for two stages of construction: the opening of the first stage is scheduled for Q3 2025, the second – for Q1 2025. Investors can buy cottages with an area of 55 m² with a minimum investment of $203.5 thousand, as well as apartments in condominiums with an area of 29 m2 and a price of $107.3 thousand.
“We forecast an average occupancy rate of 63% for this complex with an average room rate of $144. In terms of operating profitability, we forecast 11.1%. The total profitability, taking into account operating activities and capitalization, is 15.7%,” said Artur Lupashko, founder of Ribas Hotels Group.
AI Development is a development company founded in 2023, with an authorized capital of UAH 50 thousand. The company’s founders are Igor Didyk and Andriy Babula, with 50% of the authorized capital each.
Ribas Hotels Group is a full-service international management company with 10 years of experience, with 55 hotels under management and construction in its portfolio, including 8 projects in Bali, 1 in Moldova, and 1 in Poland. The total number of rooms is over 1000.
