Six dubious investment projects were identified by the National Securities and Stock Market Commission as part of the monitoring of scam projects, the press service of the regulator has said.
The list includes NPBFX, Gerchik & Co, Want. Broker, GoldenStanley, Kiexo and TrustMacquarieCapital.
At the time of publication there were 70 scam projects in the list of the National Securities and Stock Market Commission.
The Commission recalled that scam projects include investments in the quasi-market Forex and projects that offer investment services, but aim only at illegal seizure of investors’ funds.
Ukraine since the beginning of the new 2019/2020 agricultural year (July-June) and as of August 6, 2019 had exported 4.189 million tonnes of grain and legumes.
According to the Ministry of Agricultural Policy and Food, farmers exported 1.59 million tonnes of corn, 1.58 million tonnes of wheat, and 1.02 million tonnes of barley.
For the same period last year, 2.606 million tonnes of grain and leguminous crops were exported.
As of the indicated date, 27,700 tonnes of flour were also exported.
As reported, with reference to the ministry, Ukraine exported a record 50.4 million tonnes of grain in the 2018/2019 agri-year, and this is 23% more than in the previous agri-year.
Ukraine’s forex reserves in July 2019 grew by $1.2 billion or 5.8%, to $21.84 billion thanks to net purchase of currency on the interbank currency market by the National Bank of Ukraine (NBU), according to preliminary data posted on the central bank’s website.
Ukrainian businesses expect a slowdown in inflation and not so strong devaluation of the national currency, according to findings of a regular survey of business expectations, conducted by the National Bank of Ukraine in the second quarter of this year. “The average forex rate in 12 months is UAH 28.82 per U.S. dollar (the forecast given in Q1 was UAH 29.32 per U.S. dollar),” the NBU said in a document.
According to it, if in the first quarter of this year, respondents estimated inflation in the next 12 months at 9%, their forecast given in the second quarter is 7.7%.
The National Bank adds that Ukrainian companies have also improved their expectations for economic growth in Ukraine and the development of their own business, although the Business Expectations Index (BEI) for the next 12 months slid slightly to 117.8% from 119.7% a quarter earlier.
According to the survey, entrepreneurs began to better assess their current financial and economic situation – a positive response balance of 12.6% versus 8% in the first quarter. They expect to improve the situation thanks to the increase in production and sales, primarily for export. In this connection, companies plan to increase investment in equipment and more actively borrow funds.
Ukrainian metal companies saw a fall of 11.1% in foreign currency revenues from exports of ferrous metals in January-June 2019 year-over-year, to $4.797 billion.
According to customs statistics published by the State Fiscal Service, the share of ferrous metals of total income from exports was 19.6% compared to 23.21% from a year ago.
In June 2018 alone, receipts from ferrous metal exports amounted to $728.422 million.
In January-June 2018, Ukraine decreased imports of similar products by 4.5%, to $600.651 million including imports reaching $106.97 million in June.
In January-June 2018, Ukraine decreased metal products exports by 1%, to $534.622 million including June deliveries being $100.516 million. During this period, imports of metal products grew by 28.9%, to $528.524 million, including June imports worth $81.691 million.
As reported, in 2018 Ukraine saw its forex earnings from ferrous metal exports rise by 23.8%, to $9.937 billion. Ukraine saw imports of these products increase by 20.4%, to $1.367 billion.
Ukraine experienced a 23.8% rise in metal products exports, up to $1.11 billion. Metal imports grew by 19.9% last year, to $967.674 million.
The National Bank of Ukraine (NBU) only purchased foreign currency on the interbank foreign exchange market during the period from June 18 until June 21, 2019 and replenished its forex reserves by $40.5 million as compared with $135.1 million last week. Some $40.5 million was acquired at the best purchase and sale price (using the matching tool), the NBU said on its website.
In total, since the beginning of this year, the NBU has bought $1.595 billion on the interbank market, including $278.3 million in June, and sold $231.43 million there (the central bank did not sell foreign currency in June).
