Investment market digest for the week

Ukraine

Ukraine has nearly multiplied its foreign trade deficit in goods by 40 times in the first four months of 2023 – State Statistics Service; 

Zelensky has signed a law allowing the nationalisation of banks belonging to sanctioned individuals;

Czech Republic plans to take stewardship over the restoration of Dnipro Oblast – Matula;

The National Bank of Ukraine (NBU) has kept the discount rate at 25% per annum;

The NBU has allowed residents to make foreign transfers for repayment of certain external loans and borrowings;

The NBU plans to update the Financial Sector Development Strategy by the end of June;

Ukrainian banks issued 11.3 million UAH more in mortgage loans in April than in March – NBU;

Further slowing of inflation in Ukraine will be significantly more restrained, believes NBU;

The European Investment Bank (EIB) will provide 100 million Euros for Ukraine's swift recovery;

In the first half of the year, since the full-scale invasion, the number of traders and suppliers in the energy market has halved – CEO of JSC ECU;

The electricity market price should allow free import – Halushchenko;

Monobank has begun opening accounts for self-employed individuals;

The government has provided state guarantees to 9 banks for partial debt repayment for small and medium business loans – Melnychuk;

Ukreximbank and the Investment programme Bureau will coordinate credit support for industrial parks of Volhynia;

Corruption and imperfection of the legislative base are among the main obstacles for Czech investors in Ukraine – Matula;

Irish Kingspan Group is implementing an investment project worth more than $280 million in Ukraine – Shmyhal;

Ukrainian defence-tech developers have a chance to get a contract worth $1 million – Ministry of Digital Transformation;

Ukrainian start-up Propertymate, which specialises in US real estate sales, has raised $5.5 million;

Start-up with Ukrainian founders, Masthead Data, raised a pre-seed round of $1.3 million;

The State Property Fund of Ukraine (SPFU) received almost 200 million UAH from the winner of a privatisation auction that took place one and a half years ago;

The SPFU plans to sell 1634.1 sq. m of property near Kyiv for 10.39 million UAH;

The SPFU has put up for auction on 5 July a children's health complex Prydniprovskyi in Cherkasy Oblast.

The Deposit Guarantee Fund (DGF) has auctioned the retail loan portfolio of Arkada Bank for 182.2 million UAH;

The DGF has put up for auction on 21 June a loan, secured by equipment of an asphalt plant in Kyiv Oblast;

The eighteenth attempt to sell the Magellan Shopping Centre was successful, with a willing payment of over 620 million UAH;

Part of a local architectural monument building in Lviv was sold at auction for about 25 million UAH;

An Odessa company is buying the state geospatial data fund of Ukraine for almost 100 million UAH;

Serhiy Rudyk, a real estate business owner, is buying the Zhytomyr Regional Cinema Centre for 40 million UAH;

An architectural monument, the palace of the Zhewuski-Lyantskoronski in Rozdol, went under the hammer for 20 million UAH;

FC Polissia, co-owned by ATB owner Hennadiy Butkevych, is buying the MC of a sports and health base for over 13 million UAH;

A berth in Kremenchug is going up for auction on 21 June;

Izmail Winery is going up for repeat auction on 28th June;

A 19th-century rental house in the centre of Chernivtsi is going up for auction on 30 June;

The Ministry of Digital Transformation has announced the winners of the EU4Business grant programme;

The Economic Court upheld the AMCU decision on conspiracy to sell shares of PJSC Ternopil Radio Factory Orion;

Kernel completed the quarter with a net profit of $69 million;

NovaPay has placed a debut open issue of three-year bonds for 100 million UAH;

Kernel will increase sunflower processing capacity by 1 million tonnes;

Corporatisation of Energoatom will be completed within a maximum of one year – Kotin;

Ukrtatnafta has taken over management of a number of gas production companies belonging to Kolomoysky and his partners;

ARMA has announced competitions for the selection of managers for 42.4% of shares in the Ukrainian Alpha Bank;

The Higher Administrative Court of Ukraine has recovered 9.8 million UAH from Trubitsin's collateral to the state revenue;

Nibulon has returned more than 1,000 hectares of land for cultivation in the de-occupied territories.

World

The US Federal Reserve maintains the base rate in the target range of 5–5.25%;

The US Federal Reserve plans to leave rates unchanged after 10 consecutive increases – Fed Chair;

The ECB has raised three key interest rates by 25 basis points;

UBS completed the takeover of Credit Suisse to create Swiss bank Titan;

Rheinmetall received a multi-billion contract to supply ammunition to the Armed Forces of Ukraine;

Prom plans to enter the Romanian or Turkish market in the coming months;

Binance's BNB token has lost 25% of its value in a week – CoinMarketCap;

According to analysts, the capitalisation of FemTech is expected to reach $1 trillion by 2027;

TSMC's market capitalisation reached $500 billion;

Intel will receive $11 billion in subsidies for a German microchip production plant – Bloomberg;

TikTok is investing billions of dollars in Southeast Asia to strengthen its position in this market – Reuters;

Bank of America has returned to the green bond market;

The European AT1 bond market is reopening – Bloomberg;

Bunge and Viterra plan to merge into an agro-trading company worth $34 billion;

Vodafone and Hutchison have agreed to a $19 billion merger;

Nasdaq is absorbing financial software developer Adenza for $10.5 billion;

Saudi Arabia signed a $5.6 billion agreement with Chinese Human Horizons;

Qatar plans to invest $5 billion in Iraq over the coming years;

Danish drug manufacturer Novo Nordisk plans to invest $2.3 billion in a production complex in Denmark;

German Siemens plans to invest $2.2 billion in developing its business;

Georg Fischer offers to buy Finnish company Uponor for €2.1 billion;

The UK regulator approved Amazon's deal to buy iRobot for $1.7 billion;

Rio Tinto plans to invest $1.1 billion in expanding an aluminium plant in Canada;

Micron plans to invest $1 billion in an Indian chip packaging plant;

Squarespace buys 10 million Google Domains for about $180 million;

putin is preparing a secret decree on the nationalisation of Western companies that failed to leave russia – FT;

Shell plans to increase dividends by 15% and increase natural gas production;

Entain plans to buy Polish bookmaker STS Holdings for $946 million;

American Chevron plans to invest $500 million in developing Argentina's shale reserves.