Investment market digest for the week

Ukraine 

• Ukraine's total state debt increased by 46.6 billion UAH in May.

• The Council ratified an agreement with the EU on Ukraine's participation in the Single Market programme;

• The Council cancelled the 2% single tax for private entrepreneurs effective from August 1;

• The amount of international aid to Ukraine reached 170 billion euros;

• The State Security Service approved a loan for Ukraine of $1.5 billion under the Japanese government's guarantee;

• The IMF approved the provision of a second tranche to Ukraine amounting to $900 million under the extended funding programme;

• The Ministry of Finance attracted $1.2 billion in grant financing from the US and Finland;

• The Cabinet of Ministers approved the conditions for restructuring Naftogaz's Eurobonds for 2022 and 2026;

• Ukrzaliznytsia plans to close 70 stations. This refers to 5% of the 1,400 stations of the company;

• The government simplified the seed certification procedure;

• The microcredit market in Ukraine is hypertrophied, the annual rate can reach 1,000% – Hetmantsev;

• The National Commission for State Regulation of Energy and Utilities set limit prices in the electricity market at 3,000–7,200 UAH per MWh from June 30;

• The Cabinet approved a plan to transform Energoatom into a Joint Stock Company;

• Ukroboronprom was finally reformed into a joint-stock company;

• The cost of land in Ukraine increased by 13.5% in hryvnia compared to last year;

• MasterCard and Visa plan to raise interchange fees in Ukraine;

• Three companies will receive $1 million each for the development of technology to destroy "drone mines";

• The gambling business paid taxes in May totalling over 800 million UAH;

• Naftogaz absorbed Kyivoblgaz, Zhytomyrgaz, and Lvivgaz;

• Ukrainian start-up Mate Academy launched a product for e-commerce;

• Ukrainian AgroTech startup FarmFleet raised $550,000 and is entering the US market;

• The owner of ATB will build a factory based on the Balakhivka graphite deposit in the Kirovohrad Oblast;

• The company, which had already won the auction for the sale of the Izmail winery but could not pay for the lot, is buying it again for almost 36.1 million UAH;

• The Individual Deposit Guarantee Fund plans to auction off rights of claim on loans amounting to 2.1 billion UAH on July 4;

• The Individual Deposit Guarantee Fund plans to sell commercial property in the centre of Kyiv for 83.5 million UAH;

• The Individual Deposit Guarantee Fund has put up for auction the restaurant Shchekavytsia in Kyiv for the ninth time;

• The State Property Fund has put up for sale 29 real estate objects, including an architectural monument in the centre of Odessa for 2.94 million UAH;

• Ukreximbank plans to sell a family entertainment centre building in Kyiv for almost 167.26 million UAH;

• An unfinished house in Lemko Region with an area of 1,569.4 sq. m will be auctioned off on July 21;

• A rabbit farm in Rivne Oblast will be put up for a repeated auction on July 27;

• The pavilion Flowers of Ukraine in Kyiv is for sale for $5 million;

• Nova Poshta opened its first branches in Germany and Romania;

• Darnytsua started exporting medicines to Australia;

• Only 40% of the fuel market in Ukraine operates legally – Zhelezniak;

• PrivatBank decided not to change its acquiring fees. 

World

• The ECB intends to continue tightening monetary policy – Christine Lagarde;
• The world's largest energy traders are helping eussia trade oil products despite promises to cut business with moscow – FT;
• Norway is investing $18 billion in oil and gas extraction amid cessation of supplies from russia;
• Apple is approaching a market value of $3 trillion;
• Binance's market share is nearing its annual low – Bloomberg;
• Amazon announced it will increase its investments in India to $26 billion by 2030;
• A sharp rise in interest rates complicated Generali's sale of insurance liabilities totalling $22 billion;
• Outflows from Credit Suisse continue, with $6 billion withdrawn from the bank – Bloomberg;
• Swedish Northvolt plans to sign a deal with the Canadian government for the construction of a battery factory worth $5.3 billion;
• Japan Investment Corp, with the support of the Japanese government, is buying chipmaker JSR for $6.4 billion;
• IBM is buying cloud services developer Apptio for $4.6 billion;
• Salesforce plans to invest $4 billion in artificial intelligence innovation;
• Brookfield plans to acquire insurer American Equity for $4.3 billion;
• PacWest is selling its asset-backed loan portfolio worth $3.5 billion to Ares;
• Blackstone has agreed to sell warehouses and industrial properties to Prologis for $3.1 billion;
• Apollo Global Management, along with other creditors, is providing $2 billion in financing to Wolfspeed;
• Startup Inflection AI, founded by LinkedIn co-founders, raised $1.3 billion from Reid Hoffman, Bill Gates, and Nvidia;
• Databricks is buying MosaicML, an OpenAI competitor, for $1.3 billion;
• Since 2017, Fortune 100 companies have made 109 private venture investments in 80 crypto-blockchain startups – Coinbase;
• Visa announced the purchase of fintech company Pismo for $1 billion;
• GQG Group announced it is investing $1 billion in Gautam Adani's flagship company Green Arm;
• Bolivia has signed a series of lithium mining deals with Rosatom and China's Citic Guoan Group – Reuters;
• Thomson Reuters is buying legal tech company Casetext, which provides AI-based services to lawyers, for $650 million;
• Authentic Brands Group has raised $500 million in investments from General Atlantic;
• Chipmaker Hua Hong plans to raise $414.2 million from a Chinese sovereign fund;
• Electronics company Foxconn plans to invest $246 million in two manufacturing projects in northern Vietnam;
• AI startup Typeface raised $100 million in investments, with Google among the investors;
• Private investment company Creador is buying 40% of shares in Malaysian pet food manufacturer Pet World International;
• Bayer reported successful first phase of cell therapy trials for Parkinson's disease;
• Call of Duty maker plans to open an office in Barcelona after the EU approves its deal with Microsoft.