The National Commission on Securities and Stock Market (NSCM) banned trading in shares of 39 joint-stock companies of public interest, which are located in the controlled territories and have not held annual general meetings of shareholders on the results of 2021 and 2022.
“To prohibit from 00 h. 00 min. 26.09.2023g. trading in shares of joint-stock companies listed in the annex to this decision, namely: the execution by investment firms of transactions with shares of these joint-stock companies, related to the transfer of rights to securities and rights on securities,” – stated in the decision of the NCSSM № 1064 of September 25.
The JSCs included, in particular, “ArcelorMittal Kryvyi Rih” (AMKR), “Kryvyi Rih Iron Ore Combine” (KZhRK), “Kryvbasvzvzryprom”, “Pokrovsky GOK”, “Kremenchug Steel Works”, “Hemoplast, Dniprovsky Iron and Steel Works, Sumykhimprom, Nasosenergomash, Dniproazot, Azot and Rivneazot, Sumy Machine-Building NPO, Dniprotyazhmash, and Odessa Brandy Factory.
They also include Lviv Iskra Electric Lamp Plant, Borschagovsky Chemical and Pharmaceutical Plant (BCPP), Inter TV Channel, Novokramatorsk Machine-Building Plant (NKMZ), and Concern Khlebprom, “Concern Galnaftogaz, Bilotserkivska TPP, Naftogazvydobuvannya, Elba, Prosto-Strakhovanie, IC Vona, IC Omega, Eximnaftoprodukt, Odessnaftoprodukt, and Tatarbunarsk ATP No. 15143.
The list also includes Volynoblenergo and Ternopoloblenergo, as well as seven regional gas companies: Poltava, Vinnytsia, Kirovograd, Rivne, Volyn and Chernivtsygaz.
According to the regulator, the JSCs are in a situation when further circulation of their securities will violate the rights of investors.
National depository of Ukraine, self-regulatory organizations UAIB and PARD, as well as trade organizers are instructed to inform the Commission about the implementation of this decision within three days.
We invite everyone to join the exclusive program for Ukrainians “ADONIS Family”.
“ADONIS Family” is a program of annual service for 3 500 UAH (instead of 5 900 UAH) + access to super prices for other services (discounts up to 25%).
The super offer “ADONIS Family” is valid at all our branches.
Take advantage of it till 31.12.2023.
Quantity is limited.
Discount on consultations for seniors
Our main goal is to take care of your health. The ADONIS team strives to make medical care as accessible and profitable as possible. That is why we are pleased to offer a special discount on medical consultations for pensioners.
The special offer is valid until 31.12.2023.
Dental CT for 650 UAH.
ADONIS makes quality diagnostics affordable! Start your way to a perfect and healthy smile with dental tomography. And with the new promotion with favorable prices for diagnostics it will be even easier to do it!
The special offer is valid until 31.10.2023.
Free consultation of pediatrician
Our experienced specialist Kachaluba I.V. will help to make the first days of your baby more comfortable. Take advantage of a unique offer: free consultation of a pediatrician. Take care of your child’s future now!
The special offer is valid until 31.12.2023.
Discount on Laser Treatment for Urinary Incontinence
Our advanced laser treatment technology will give you the opportunity to solve this problem with minimal inconvenience and maximum effectiveness. Don’t miss the chance to get back to your active and joyful life without restrictions.
The special offer is valid until 31.12.2023.
State-owned Ukrgasbank is launching a lending program for individual entrepreneurs (IEs) under the government’s Affordable Loans 5-7-9% program at 15% per annum without collateral requirements, the financial institution said in a press release on Tuesday.
“We have expanded the opportunities for entrepreneurs to attract financing by adapting our microloan to the Affordable Loans 5-7-9% program. Thanks to this, we can offer financing to individual entrepreneurs at a halved interest rate as opposed to the rate for a standard loan product,” Tetyana Kornienko, Director of Small and Medium Business Department of Ukrgasbank, said in the release.
It is specified that under the terms of the program, individual entrepreneurs can receive loans of up to UAH 1 million to replenish working capital, in particular for the purchase of goods and raw materials, for a period of 1 to 2 years.
It is noted that the bank makes a decision on such loans within one day, after which the credit funds are credited to a virtual card, which customers can use to pay in a retail network or on the Internet.
Ukrgasbank informed that several customers have already taken advantage of the program.
“The first to use the program were entrepreneurs from Lviv and Ivano-Frankivsk, who work in the field of wholesale trade in construction materials. Thanks to the funds raised, they will be able to expand the range of their products,” the statement said.
The state bank considers the requirement of a minimum package of documents, the ability to apply remotely without an in-person visit, the absence of collateral and surety, and a quick decision within 1 day to be its main advantages in microcredit.
As reported, on September 15, the Ukrainian government announced a revision of the terms of the 5-7-9 program, in particular, an increase in the interest rate on working capital loans to 13% per annum.
According to the NBU, Ukrgasbank was ranked 5th among 64 Ukrainian banks in terms of total assets (UAH 167.9 billion) at the beginning of July. Its profit for January-July 2023 amounted to UAH 2.9 billion.
On September 26, Boryspil International Airport (Kyiv) announced a tender for compulsory insurance of drivers against transport accidents.
According to the electronic public procurement system Prozorro, the expected price offer was UAH 43,972 thousand.
Applications for participation in the tender are accepted until October 4.
As reported, the winner of a similar tender a year earlier was Guardian Insurance Company.
Boryspil International Airport accounts for over 68% of Ukraine’s passenger air traffic and is the only Ukrainian airport that serves long-haul flights. More than 50 airlines operate regular flights from the airport to more than 100 routes around the world.
Oil prices continued to decline on Tuesday amid concerns about the global economy and high interest rates in the United States.
November futures for Brent on the London ICE Futures exchange by 14:47 by $0.75 (0.8%) to $92.54 per barrel.
Quotations for November futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) by this time decreased by $0.77 (0.86%) to $88.91 per barrel.
Earlier in September, oil prices reached annual highs on the news that Saudi Arabia and Russia were extending voluntary production cuts.
However, last week, the Federal Reserve made it clear that interest rates could be raised again and could remain at high levels for a long time. In this regard, uncertainty about the outlook for oil demand has recently increased.
Meanwhile, “oil supply is expected to lag behind demand for the foreseeable future, and therefore periods of weakness in quotations, even severe weakness, are unlikely to last long,” wrote Tamas Varga, an analyst at PVM Oil Associates.
Douglas Lawler, head of Continental Resources, believes that oil prices could reach $120-150 per barrel, provided that production does not start to grow.
On Tuesday, the American Petroleum Institute (API) will publish data on the weekly dynamics of oil reserves in the country, and on Wednesday, the Ministry of Energy will present official statistics. Traders on average expect a reduction in oil reserves by 1.65 million barrels over the week, according to Trading Economics.
Centravis Production Ukraine, a part of Centravis Ltd. holding, will invest over EUR3.5 million in the company’s production and development this year.
According to the company’s press release on Tuesday, Oleksandr Hripas, Head of Technical Development at Centravis, said that in 2022, Centravis focused on adapting to work in a full-scale war.
“We managed to quickly rebuild and maintain a high level of production and exports. This year, the team decided to resume investments. In total, we plan to invest over EUR 3.5 million in the modernization and development of production facilities. Most of the investments have been utilized, and the work is ongoing,” he said.
He also clarified that the main areas of investment are energy modernization, primarily energy efficiency measures and reduction of electricity consumption.
The company is strengthening its capabilities to operate in the face of electricity supply restrictions. A process metering system has already been launched, and electricity consumption has been significantly reduced, by up to 30% in some production areas. The company is also working to ensure uninterrupted water supply after the Kakhovka hydroelectric power plant was blown up.
In addition, the company invests in environmental modernization and environmental impact reduction. Thus, the chemical pipe treatment area was reconstructed, a system of specialized software for monitoring chemical indicators was launched, and a water recycling system was set up at certain units of technological equipment.
Investments are also being made in the modernization of non-production infrastructure, which includes the repair of premises, roads, stormwater drainage, roofs, etc.
A separate investment project is the launch and development of a new production facility in Uzhhorod. The company is creating one of the leading centers for the production of tool pipes for cars in Zakarpattia. The company plans to purchase another rolling mill soon, the third one.
The press service reminds that the new facility started operating in February this year and has already reached a production volume of about 255 thousand meters of pipes per month, or more than 60 tons. The main customers are well-known global automakers, including Volkswagen, Audi, BMW, Chevrolet.
“There will be no development without investment. That is why we are looking for investment opportunities despite the difficult operating environment. At the end of the year, we will evaluate the entire scope of work and plan for 2024. It is important not to stop and to provide our customers with the appropriate level of quality and service,” said Yuriy Atanasov, CEO of Centravis, as quoted by the press service.
“Founded in 2000, Centravis is one of the ten largest producers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovska oblast), and in 2023, a branch of the company was opened in Uzhhorod.
The company employs over 1400 people.
The company’s supply geography exceeds 50 countries. Currently, Centravis has offices in the United States, Germany, Italy, Switzerland, Poland, and the United Arab Emirates. “Centravis cooperates with Benteler Automotive, Buhlmann Group, Webco – with various companies on different continents.
Centravis Ltd. holding was established on the basis of Nikopol Stainless Pipe Plant CJSC, service and trading companies of Production and Commercial Enterprise YUVIS LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares in Centravis Production Ukraine.
