Changes in revenue of the consolidated budget in 2021-2023 (%)
Source: Open4Business.com.ua and experts.news
Oil prices continue to rise moderately on Tuesday morning, recovering from a decline over the past seven weeks.
The price of February futures for Brent on the London ICE Futures exchange at 7:07 a.m. is $76.54 per barrel, which is $0.51 (0.67%) higher than at the close of the previous session. On Monday, these contracts rose in price by 19 cents to $76.03 per barrel.
Quotes for January futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) by this time increased by $0.54 (0.76%) to $71.86 per barrel. At the end of the previous session, they rose by 9 cents to $71.32 per barrel.
Prior to that, both brands had been in the red for seven weeks in a row, which has not been seen since 2018.
The day before, oil rose in price “due to short-term oversold conditions in the futures market” after WTI quotes tested a key resistance level, said Tyler Ritchie, editor of Sevens Report Research. The market was also supported by improved investor sentiment and demand for risky assets, he added.
At the same time, a negative factor was the data that consumer prices in China in November fell by 0.5% in annual terms, the highest rate in three years. Deflation in China was recorded for the second month in a row, which indicates a weakening in demand for raw materials for the industrial sector, Market Watch notes.
“We see that growth is weakening in China, Europe is in recession or on the verge of recession, and the US economy has also slowed down, although not as much as others,” said JonesTrading analyst Mike O’Rourke. – “That’s why the price of WTI remains around $70 per barrel.
The Antimonopoly Committee of Ukraine (AMCU) has fined Zdorovye Pharmaceutical Company (Kharkiv) for unlawful use of the packaging design of the drug Panthenol Plus, which is similar to the packaging design of the drug Bepanten Plus used by Bayer LLC.
According to the AMCU, the pharmaceutical company “Zdorovye” was fined UAH 719.348 thousand.
According to Bayer, the design of the package of the drug Panthenol Plus is similar to the design of the package of Bepanten Plus to the extent of mixing, and Bayer did not grant permission to use a similar design of the package of Bepanten Plus.
AMCU, Antimonopoly Committee of Ukraine (, Bayer LLC., Bepanten Plus, Panthenol Plus, Zdorovye Pharmaceutical Company
The state specialized economic enterprise “Forests of Ukraine” on December 8 for compulsory insurance of motor civil liability of owners of land vehicles (MTPL).
As reported in the system of electronic public procurement Prozorro, the expected cost of the purchase of insurance services is 189.786 thousand UAH.
The deadline for submitting bids for the tender is December 16.
Kyivstar and the Come Back Alive Foundation are raising UAH 175 million as part of the We Live Here project to provide transport and equipment for 146 engineering and demining groups of the Armed Forces Support Forces. SOVA jewelry house joined the initiative by creating silver pendants inspired by the motifs of a historic Ukrainian hut. All the proceeds from the sale of the limited edition jewelry will be used to help sappers in demining.
“Kyivstar is grateful to all its partners and those who care, thanks to whom UAH 154 million have been accumulated for the demining project “We Live Here” to provide 128 demining teams. Together with the SOVA jewelry house, we are launching a special piece of jewelry – a silver house, with all proceeds going to the project. By buying a piece of jewelry, you bring someone’s return home closer, because many people dream of returning to a safe home where there are no more mines,” says Hanna Zakharash, Kyivstar’s Corporate Communications Director.
SOVA Jewelry House joined the “We Live Here” project by Kyivstar and the Come Back Alive Foundation back in June and donated funds to equip two demining teams to clear the de-occupied territories. The mobile operator’s contribution to the project has now reached more than UAH 55 million.
“We joined the “We Live Here” project by Come Back Alive and Kyivstar because we share a common crucial goal – demining the country. It is symbolic that we are presenting the project with the houses on the eve of the Christmas holidays, when everyone makes wishes. We hope that this decoration will become special for Ukrainians and will always remind them of home, wherever they are,” said Anna Koval, SOVA’s Marketing and Sales Director.
All the houses of the limited edition jewelry are different, but they are united by the light from the windows, which is associated with coziness, home, and warmth. To create this effect, the jewelers made the windows of fancy enamel that glows in the dark. Each piece of jewelry combines the area code of your region with a unique number.
The “House” pendant is available in stores or on the SOVA jewelry house website at a price of 1690 UAH. The shades of the jewelry’s laces may vary.
“We live here” is a joint initiative of the telecom operator and the Come Back Alive Foundation for competent assistance to the army with the partnership support of 1+1 media group. 100% of the funds raised will be used to purchase gear, equipment and vehicles for 146 engineer and sapper groups of the Armed Forces of Ukraine. The modern equipment will help protect the lives of the defenders engaged in demining and speed up the liberation of Ukraine’s territory and its waters from the dangerous legacy of war and occupation.
The project started in May 2023 and will continue until the target amount of UAH 175 million is reached. Anyone who cares can make a contribution and send a donation on the project website.
About Kyivstar
Kyivstar is Ukraine’s largest electronic communications operator, serving more than 24 million mobile subscribers and more than 1 million Home Internet subscribers as of September 2023. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, Cloud solutions, cybersecurity services, digital TV, etc. Kyivstar helps subscribers, society and the country to overcome the challenges of wartime. Since the beginning of the full-scale war, the company has allocated more than UAH 1.4 billion in aid to meet the humanitarian needs of the Armed Forces, society and subscribers. Kyivstar’s sole shareholder is the international VEON Group. The Group’s shares are listed on NASDAQ (New York) and Euronext (Amsterdam). Kyivstar has been operating in Ukraine for 25 years and is recognized as the largest taxpayer in the telecom market, the best employer and a socially responsible company.
Sweden is donating 1.4 billion kronor ($133 million) to Ukraine, which will be used, among other things, to support the population in the winter.
According to the website of the Swedish public broadcaster SVG, the new support package was presented by Prime Minister Ulf Kristersson and Aid Minister Johan Forsell on Monday.
“This is the largest support so far in Sweden’s bilateral assistance to Ukraine,” Kristersson said at a press conference.
Of this package, 900 million kronor will go to the World Bank’s Ukraine Recovery Fund, which supports Ukraine’s energy, housing, healthcare and transportation infrastructure. In addition, money taken from Sweden’s aid budget will be used to purchase heaters and energy equipment. According to Forsell, this was the request made by the Ukrainian side to Sweden.
He also accused Russia of conducting “energy terrorism” against Ukraine. “Russia is deliberately targeting civilian infrastructure to ensure that civilians, who are already under severe pressure, will have an even harder time. With this package, we want to help Ukraine both build new and rebuild what has been destroyed,” Forssell said.
At the same time, Kristersson warned of the consequences if the EU countries fail to agree on an expanded long-term budget at this week’s summit in Brussels. “I still hope that everything will work out. But I want to emphasize that we are not talking about the usual European disagreements that we sometimes have, because then you just have another meeting later, and that would have huge consequences if we don’t agree,” he said.
