Investment market digest for the week

Investment and the M&A market

- The EBRD's planned portfolio of support for Ukraine in 2023 will amount to €1.5 billion;

- Germany will provide Ukraine with another €111 million for reconstruction;

- Japan became the first country to cover war risks when investing in Ukraine;

- Ukrenergo and ENTSO-E have increased their capacity to import electricity;

- The NBU allowed banks to sell 20% more cash foreign currency than purchased non-cash foreign currency;

- 10% of agricultural land in Ukraine is mined;

- Flooding in Ukraine is a record for the last 10 years, and some say for 30+ years. Consequences for Ukraine in Mind's analysis;

- The peak of the spring floods in Kyiv is tentatively expected on 22 April;

- In late April – early May, a second wave of flooding is possible in Ukraine due to even more significant precipitation – Ukrhydroenergo;

- Foreign trade turnover in the first quarter decreased by 7% – State Customs Service;

- The Ministry of Agrarian Policy allowed seed breeders and suppliers to book conscripts;

- The EU plans to impose a centralised ban on imports of Ukrainian grain following unilateral decisions by Eastern European countries. This does not apply to transit;

- Poland resumed transit for Ukrainian carriers. Poland requires Ukrainian carriers to have enough fuel in the tank to cross the country without stopping at petrol stations (for at least 150 km). Failure to comply will result in a ban;

- Romania will not block the transit of Ukrainian agricultural products to its ports. This route accounts for 80% of exports by land, with another 10% going through Poland;

- Hungary has expanded the list of Ukrainian goods banned for import;

- The unstable operation of the grain corridor has led to a decline in prices for Ukrainian wheat;

- Ukraine is demanding a ban on imports of Polish dairy products. Poland imports 4 times as much dairy products as Ukraine exports;

- The State Property Fund sells the Izmail Winery for UAH 200 million and the Children's Health Centre in Cherkasy Oblast for UAH 10 million;

- The DGF sells the land plot of JSC Bank Sich near Kyiv for UAH 8.6 million;

- The DGF plans to hold an auction for the sale of the assets of Misto Bank on 1 May. The starting price of the lot is UAH 45.8 million;

- The DGF has put up for auction the real estate of Prominvestbank in the centre of Kharkiv. The total value of the assets is estimated at UAH 77.5 million;

- The State Service of Geology and Mineral Resources sold a salt deposit in Zakarpattia to Kosyuk's business partner;

- Ukreximbank will hold a reduction sale of claims on loans to Ukrplastic on 18 May. The starting price may drop from UAH 562.6 million to UAH 181.8 million;

- Ukreximbank has put up for sale claims secured by real estate in Kyiv and the oblast. The starting price of the lot is UAH 45.9 million;

- The Dnister hotel and restaurant complex in Khmelnytskyi Oblast was put up for auction for UAH 10.36 million;

The cost of an administrative building in the Kyiv region increased 700 times during e-auctions;

- Metinvest redeemed its 2023 bonds in full;

- Naftogaz announced that it would enter the Ukrainian Energy Exchange to purchase gas;

- UkrGasVydobuvannya paid UAH 6.3 billion in rent to the budget this year;

- Polish shareholders of Kernel demand approval of the delisting decision;

- The Deposit Guarantee Fund reimbursed depositors of Sich and Megabank for more than 90% of guaranteed payments;

- Dobrobut acquires TEFI dental clinic;

- Fozzy Group opened its first store in 2023;

- Fintech Farm, a platform for launching neobanks founded by Ukrainians, attracted $22 million in investment;

- Applications for the Visa Everywhere Initiative 2023 (VEI) competition for fintech startups have been opened. Grants range from $10,000 to $50,000;

- Beer production is recovering in Ukraine; 

- The Supreme Court upholds Zhevago's 40% stake in Poltava Mining;

- The SBU seized 18 million cubic metres of gas from Novynskyi's companies worth over UAH 144 million;

- The court arrested the corporate rights of Kolomoisky's Ukrnaftoburinnia and transferred them to the ARMA. The oligarch is appealing the arrest;

An entrepreneur is arrested in the United States on suspicion of trading with the sanctioned Kurchenko and his companies. The amount in question is $150 million.

World

- The Council of Europe approved the European Commission's proposal to extend EU mobile roaming to Ukraine;

- Credit Suisse recorded outflows of $4.4bn after the deal with UBS;

- Cryptocurrency market capitalisation fell by about 8% over the week – CoinGecko;

- The European Parliament supported a law that would provide the EU with rules for managing the crypto market;

- Chinese chipmaker CXMT plans to hold an IPO for about $14.5 billion;

- Jaguar Land Rover plans to invest £15bn in electric vehicle programmes over 5 years;

- Tesla has cut prices for electric vehicles in the US market for the sixth time;

- The American multinational Wells Fargo sold $3.8 billion worth of bonds and returned to the corporate bond market after the collapse of SVB;

- A consortium led by BWX Technologies will clean up radioactive waste at a former nuclear weapons plant in the United States for almost $45 billion. A 10-year agreement has been signed with the US Department of Energy;

- The United States issued a warning about schemes to circumvent the russian oil price ceiling;

- Saudi Arabia and the UAE are buying russian oil at great discounts;

- Bangladesh will pay russia in Chinese yuan for the construction of a nuclear power plant. The cost of the of the project is $12.65 billion.