Official rates of banking metals from national bank as of October 21
One troy ounce=31.10 grams
Ukraine’s Verkhovna Rada passed at first reading bill No. 2144 with amendments to the Budget Code with 264 supporting votes on October 18.
The bill sets the amount of government support for agricultural producers at a level of no more than 1% of agricultural output due to insufficient spending of these funds.
“For these purposes, the national budget for 2018 earmarked UAH 5.3 billion of expenses, of which UAH 4.2 billion was actually used, or 79.2% of planned amount, which is 0.66% of agricultural output,” the authors of the bill said in the explanatory note.
In addition, the bill determines the amount for the state fund for regional development at the level of no more than 1% of the forecasted income of the general fund of the draft national budget, according to the document.
At the same time, the parliamentary budget committee pointed out the need to refine the bill for second reading.
The opening of tenants’ space on the second floor of the Cherry Mall in Vyshneve, Kyiv region is scheduled for November 10, 2019.
“Today the second floor of the Cherry Mall is almost ready, most of the floor tenants are completing repairs. In particular, Budynok Іhrashok, Foxtrot, as well as a food court on the second floor, in particular, New York Street Pizza, Kryla, burger’s place and other fast food establishments. We set the task to open the second and second+ floors by November 10,” Technical Director of the shopping center Viktor Bleskin told Interfax-Ukraine.
He also said that Sport Life is actively carrying out repair work, which occupied the entire third floor, as well as the Linia Kino cinema chain and the Play & Jump children’s entertainment center on the fourth level.
“The official opening of the entire mall is tentatively planned for the middle of December. By this time, all tenants must complete repairs at their facilities,” Bleskin added.
According to CEO of Edelburg Development (the project developer) Serhiy Kucher, the development of megamalls today is an erroneous strategy.
“It is clear now that local facilities of 20,000-30,000 square meters will live much longer and grow faster,” he said.
As reported with reference to the project manager, partner of UTG (exclusive agent for the rental of retail space in the Cherry Mall), Artiom Neposedov, the first floor in the new Cherry Mall shopping center of 3,400 square meters was opened in September 2019.
Ukrainian President Volodymyr Zelensky has begun a working visit to Japan; he will attend the ceremony of the new Japanese emperor’s enthronization amongst other events, the Office of the Ukrainian President said in a statement on Facebook. “The visit program includes the chief of states’ meetings with Japanese Prime Minister Shinzo Abe, heads of both chambers of the Japanese parliament, members of the Japan-Ukraine Parliamentary Friendship Association, heads of the Japan International Cooperation Agency and the Japan Association of New Economy, and representatives of the Japanese business community,” the statement said.
The work schedule of the Ukrainian president also includes a series of bilateral meetings with foreign leaders, it said.
Metinvest has completed a deal on the repurchase of $440 million eurobonds with a maturity in 2023 out of a total issue of $944.515 million through the placement of two new issues of eurobonds: $500 million due in 2029 and EUR 300 million due in 2025. The group’s debut two-currency offer, consisting of tranches denominated in U.S. dollars and euros, helped to effectively extend the maturity of $440 million 2023 eurobonds out of the amount of $944.515 million by six and a half years, while the net proceeds from the transaction amounted to approximately $350 million, the company said last week.
According to the Irish Stock Exchange, the new securities (in U.S. dollars with a coupon of 7.75% per annum and in euros with a coupon of 5.625% per annum) were admitted to circulation on October 17.
Metinvest said on the stock exchange that the total applications for the repurchase of eurobonds 2023, which were also issued with a coupon of 7.75%, amounted to $639.886 million.
As reported, the company held meetings with investors in the United States, the United Kingdom and continental Europe from September 18 to 27. The purpose of the offer is proactive management of debt repayment, extension of debt repayment terms and reduction of refinancing risks, Metinvest said.
Ukraine since the beginning of the new 2019/2020 marketing year (MY, July-June) and as of October 18, 2019 had exported 16.106 million tonnes of grain and legumes, which is 40.8% more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, to date, Ukraine exported 10.06 million tonnes of wheat, 3.05 million tonnes of barley, and 2.76 million tonnes of corn.
As of October 11 this year, some 99,000 tonnes of flour had been also exported.
As reported, with reference to the ministry, in the 2018/2019 MY Ukraine exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.
The U.S. Department of Agriculture (USDA) in September raised its forecast for grain exports for the 2019/2020 MY by 400,000 tonnes compared with the August forecast, to 54.44 million tonnes.
