The index of expectations of business activity, which the National Bank
calculates every month, showed that in February businesses significantly
softened negative assessments of their economic activity. Business activity is
gradually recovering in all sectors, except for construction, but the restraining
factors are low consumer demand and an increase in the cost of manufactured
goods.
At the moment, for the economy of Ukraine, there is an extremely
important issue regarding the continuation of the “grain initiative”, within
the framework of which Ukraine exports food through the “green corridors” in
the Black Sea. The current agreement expires on March 18. Representatives of
Turkey, which acts as a mediator for agreements with russia, have already
announced efforts to continue the grain agreement. For its part, Ukraine is
seeking to expand the grain export agreement to include steel supplies to
support the economy. In 2022, Ukraine exported more than 22mn tonnes of grain.
For the past few months, russia has been artificially slowing down the implementation
of the agreement by systematically delaying the inspection of ships passing
through the Bosphorus. Ukraine called on the international community, in
particular the UN and Turkey, to stop russia’s attempts to block the operation
of the “grain corridor”.
Among the shares of Ukrainian agricultural companies listed on the
Warsaw Stock Exchange, the biggest increase last week was in Astarta (AST),
which rose by 6.6% to PLN 25.00. Since the beginning of this year, Astarta
shares have risen in price by 22%. Kernel (KER) decreased by 0.5% to PLN 19.9
for the week even though the published financial results of the company for
October-December turned out to be better than expected.
On the Ukrainian Exchange, the indicative
quotes for CentrEnergo (CEEN) increased by 7.5% to UAH 2.58. The company
announced the holding of an extraordinary meeting of shareholders with the sole
issue of appointing the international company BDO to audit the financial
statements for 2022.
STOCKS IN THE NEWS
- Kernel Reports Net Profit of
USD 368mn for the Jul-Dec Period Implying Solid EPS of PLN 21.0
The National Bank of Ukraine has
opened a special fundraising account to support the Armed Forces of Ukraine.
Please find more at the National Bank’s official website
under the link below:
www.bank.gov.ua
full report
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