Investment market digest for the week

Investments and the M&A market

The European Union extended the cancellation of duties on imports of Ukrainian food for another year;

Turkey imposes a 130% duty on grain imports starting from 1 May. The majority of Ukrainian grain is not affected by this duty;

Hungary banned imports of 25 types of food from Ukraine and tightened transit rules;

Poland may change the quality control system for Ukrainian grain if the sealing of transit freights is effective;

The NBU improved its forecast for Ukraine's economic recovery this year from 0.3% to 2%;

The Ministry of Finance raised 16 billion from the sale of domestic government bonds;

Ukraine's mineral resources are worth almost $15 trillion – Forbes;

The Ministry of Economy has named the sectors that will be the first to benefit from the "industrial visa-free regime". These include low-voltage electrical equipment, electromagnetic compatibility of equipment, and machinery;

The EU has allocated another €1.5 billion in financial assistance to Ukraine;

The Italian SACE agency to allocate an additional billion euros for Ukraine;

Modernisation of water supply systems at the expense of the EU will save EUR 1 million for local budgets and over 3,800 MWh of electricity annually;

The SPFU earned UAH 902 million from privatisation in Q1 2023;

The Trade Development Programme for SMEs was launched in Ukraine;

On 9 May, the DGF put up for auction loans of car dealers secured by car dealerships. The assets were put up for auction in one lot totalling UAH 497.4 million;

In Q1 2023, the amount of funds received by banks managed by the DGF reached UAH 1,559.2 million. Most of the funds came from the sale of property – UAH 1,200 million;

NEURC will check Ukrenergo on the termination of electricity exports to Slovakia;

Prozorro.Sale completes transformation into a joint-stock company;

The SPFU sells the State Committee for Television and Radio Broadcasting in Kyiv and asks for UAH 64 million;

The SPFU sold the building of the laboratory office in Odesa Oblast, the value of the asset exceeded the starting price by 7 times;

UkSATSE received the second tranche from the Aeronautical Solidarity Fund;

Naftogaz increased daily gas production at one of its largest fields by 300,000 cubic metres;

Naftogaz registered on the EU's joint gas procurement platform;

Naftogaz debuts on the Ukrainian Energy Exchange;

OKKO invests €500 million in the construction of solar and wind power plants;

DTEK intends to resume gas exports from Ukraine's commercial reserves;

NIBULON has invested $15.5 million in the development of river logistics;

How Ukrainian startups will impress Web Summit‘23 visitors;

Ukrainian all-terrain vehicle manufacturer Sherp opens a plant in Turkey;

The confiscated stake of Ocean Plaza shopping mall will be put up for auction with a starting price of $100 million;

Ukrposhta's net loss in 2022 reached UAH 1.3 billion. The Cabinet of Ministers revised the composition of its supervisory board;

Kyivmiskbud resumed work at 4 sites in the capital;

Odeskabel plans to increase production of LAN cables by 46% in monetary terms;

Akhmetov earned UAH 1 billion in March on the scheme to buy electricity from Energoatom – media;

Court changes Trukhanov's preventive measure in the Krayan Plant case.

World

EU launches new instrument for joint gas purchases;

Military spending in Europe and the world has been growing at record levels since the end of the Cold War;

Wise system bans hryvnia money transfers for Ukrainians;

Regulation of the crypto market: The European Parliament has adopted the relevant law;

Credit Suisse recorded $69 billion in outflows in Q1 2023;

Deutsche Boerse AG plans to buy Danish software manufacturer SimCorp A/S for $4.3 billion;

Deutsche Bank AG Group received revenues of $6.3 billion in Q1 2023 – media;

Microsoft launches Europe's largest "cloud region" – a data centre – in Poland;

The Italian government intends to withdraw from the Chinese Belt and Road Initiative;

The US allowed JPMorgan to process payments for russian grain exports;

The UK's Competition and Markets Authority has blocked Microsoft's deal to acquire Activision Blizzard for $69 billion;

Alphabet's Board of Directors authorised a $70bn shares buyback;

American PwC plans to invest $1 billion in generative AI technology;

First Republic's share price fell by 49.4% after it became known that its customers had withdrawn $100bn worth of deposits. FRBank is considering selling assets worth from $50bn to $100bn;

The electric car market could grow by 35% in 2023 – IEA;

General Motors and Samsung SDI plan to invest $3bn in a battery plant in the US;

Nestlé raises prices by 10% at the fastest pace in more than 30 years.