Weekly investment market digest

Economy, Investments, and M&A Market

The Grain Agreement has been extended for 60 days;

The Cabinet has cancelled the export licensing for certain agricultural goods;

This year, agrarians have received nearly UAH 32 billion in credits for the development of their business – Ministry of Agrarian Policy and Food of Ukraine;

Ukraine and Poland are planning to build a cross-border pipeline for the supply of vegetable oil;

In Q1, exports decreased by 26.1%, imports increased by 10.9% – State Statistics Service;

In Q1 2023, the average weighted rates for business fundraising rose to 13.2%, for the population – to 10.6% per annum;

The National Bank of Ukraine (NBU) is preparing a roadmap for easing currency restrictions;

Prozorro has resumed three-round auctions;

Ukraine has joined the OECD Global Income Statistics Database – Ministry of Finance;

The EBRD predicts that $250 billion in investments will be needed to restore the Ukrainian economy to pre-war levels;

The government has allocated UAH 4.4 billion for the eRecovery programme;

The government will provide UAH 77 million in micro-grants for start-ups and business development under the Own Business programme – Ministry of Economy;

The government has allowed for the financing of the restoration of power plants damaged by the war;

In Ukraine, a competition for eco-startups with a prize up to €10,000 has started;

The share of shadow production in the fuel market has decreased threefold in three years – research;

The share of the illegal tobacco products market has tripled since 2020 – research;

NBU: last year Visa increased its share in the Ukrainian market to 45.6%, Mastercard's share decreased to 53.9%;

More than UAH 21 billion was invested by the Deposit Guarantee Fund in government securities since the start of the full-scale war;

The Deposit Guarantee Fund plans to sell the rights of claim for loans totalling UAH 464.2 million;

Since the beginning of the full-scale invasion, Ukrainians have leased over 1,000 state-owned properties – State Property Fund;

Glovo has invested €80 million in the Ukrainian market over 5 years;

MHP ended Q1 with a profit of $49 million, according to the company's report;

Verevsky has submitted an application to withdraw Kernel shares from the Warsaw Stock Exchange;

The owner of the media holding organised a raid on a children's food factory in Poltava Oblast;

Kniazev took a bribe for a decision that could have helped Akhmetov in the Rotterdam+ case – Media;

Switzerland has arrested $113 million in Zhevago's accounts.

World

1st and 2nd of June may become the dates of the greatest risk of a potential US default – Bloomberg;

65% of investors surveyed expect a weakening of the global economy – Bloomberg;

Japan's Nikkei index has risen to its highest level since August 1990 – Reuters;

Gas prices in Europe have dropped to a 22-month low – Bloomberg;

The IEA has increased its forecast for global oil demand by 200,000 barrels – to 102 million barrels per day;

Buffett has increased his stake in the oil company Occidental Petroleum Corp to 24.4%

Twitter has accused Microsoft of unauthorised data use;

The European regulator has approved Microsoft's $69 billion deal with Activision Blizzard;

Goldman Sachs analysts predict a potential boom in AI industry profits;

The EU has decided to "close loopholes" in the use of cryptocurrency for tax evasion;

Pfizer plans to raise $31 billion to finance the acquisition of Seagen;

UBS expects losses of $17 billion from the acquisition of Credit Suisse;

Amazon plans to invest over $12 billion in the development of its data centres in India;

Chinese factories account for 54% of global electric car production – NYT;

In April 2023, new car sales in the EU market increased by 17.2% compared to the previous year;

In Q1 2023, cryptocurrency venture funds signed deals for $2.6 billion;

Australian Aristocrat plans to buy NeoGames, which has an office in Kyiv, for $1.8 billion;

Mitsubishi, along with a range of companies, invested $77.8 million in a nuclear energy startup.