on such topics. this autumn, ukrainian farmers will reduce the area of ​​grain crops by 25-35%. this was reported by the first deputy minister of agrarian policy and food taras vysotskyi . agricultural producers are betting on oil crops and alternatives to grains, because it is currently not clear how grain will act in the future . the agreement and the export of grain by sea will take place due to the blockade of ports and ports there are still stocks of last year's harvest, the government official added, so now entrepreneurs are increasingly sowing rapeseed, sunflower and soy in ukraine, a new online store made with

bravury appeared, that is, it was created with e-e brave. volodymyr zelenskyi market place will help the development of business and the reconstruction of ukraine on the platform various things are presented for any age, these are clothes, shoes, accessories, household goods , as well as available food for a long train expiration date and which can be exported abroad 5% of each sold product will be directed to the united t2 platform the funds will go to support our army a ban on the export of coking coal can undermine the reputation of ukraine abroad this statement was earned by the president of the ukrmetalorukhprom association oleksandr kalinkov he explains that this is fuel is going to be used at warm power plants during the heating season, but it has a low energy effect, notes an expert in metallurgy, but nowadays it does not need such amount of coal, so its surplus should be sold to europe for this, you can get a foreign currency exchange

, it is absolutely necessary for the country to support the hryvnia, we are talking about income of 200 million dollars a year without the association of ukraine-metallurgical industry, i hope that in the coming weeks the government will take up this issue in paid inflation , let's talk about price growth prices although they grew in august, they did not grow as fast as predicted, the national bank of ukraine said last month that annual inflation was only 23.8%, and the national bank notes that this indicator was affected by the cheapening of fuel , however, the cost of other goods and services only increased. analysts note that the situation on the consumer market is difficult due to the consequences of the war, because the supply chain of production is disrupted, and the supply and growth of production is less of business expenses is now observed in the

markets, the national bank notes that the risk of price growth remains and will continue to prevail . food prices are rising rapidly. we are talking with two experts at the same time, at the same time, this is an associate expert of the analytical center case ukraine yevgeny dubagres and a financial analyst of the invest group icu mykhailo demkiv greetings greetings good morning, i am glad to see you, let's talk about the sad unfortunately, about the budget deficit, the government approved- approved the draft budget for the year is 2023, and now i see that there is a budget deficit figure of 20% of gdp, probably on gdp, after all. help me understand these figures, and there are some scary figures on the deficit. is this ok, or what are the main parameters of the budget ? voice it and is it still possible to change it, let's

start with yevhen, if possible. good morning, in fact, yes, the numbers look quite threatening, it is 20% of gdp budget deficit or 50% budget deficit from e-e expenses, i mean the total budget expenditures are planned at the level of about 2 .6 billion total income is about uah 1.3 billion, that is, so that you understand, mr. yevgeny, i read and simply did not believe this figure and stopped and thought that somewhere i was wrong, up to 20% of gdp, that is, of the entire economy. i absolutely believed the normal figures, honestly that in we are currently at war with our expenditures. it seems to me that they are quite carefully planned, this is such an optimistic forecast of expenditures, because the spending on the army is 1.1 billion , which is included in the budget - it is actually not as much as it seems to me that it will be in reality, in

reality there should be a little more as well as revenues per ditch of three billion. i think this is quite an optimistic forecast, especially considering that it does not yet include the grants that we are going to receive, but i am leading to the point that do not be afraid of these scary numbers, scary numbers for myrny happy for wartime, such a budget deficit, such a level of expenses and income, it is quite acceptable, and yes, next year, we should receive more international aid and, by and large, finance a lot of expenses . saw in the draft budget, why is it possible that they were surprised to see an optimistic well, in principle, er, the budget and even for wartime, er, the ministry of finance issued er,

such a conservative well, of course 20% of gdp and more than 1.3 million uah is a colossal amount, but there is no excessive optimism regarding the revenue part of the budget . %, this year, next year, gdp is almost 4.6% of management - it almost does not grow very, very, very conservatively, the ministry of finance is, in principle, ok, we talked at the beginning about the fact that these figures can change, because this only the project approved by the cabinet of ministers will be voted on after that

at the first reading, the deputies will ask for various increases in spending, as you always do. although i think that during the war, their wishes will be very limited, and their wishes above all will probably be the sowing of the social sphere, the minimum wage and the living wage in the program of these according to the figures announced by mr. zaliznyak, the first published er published figures from the new budget, it does not increase, it does not increase, er, the minimum wage is at the initial minimum, and there may be complaints and problems and that's all about it we understand that inflation this year is more than 30%. well, now, mykhailo, do you think that this year the deputies will ask for money from the district, and as they always did in previous years, it was called the socio-economic fund, it is also a beautiful name, social, but in fact the money went to the majoritarians, so that they could spend

these funds in their constituencies, or will this fund already be liquidated, i don’t know if it will be. will it be like this? there are traditions in ukraine that will say only one thing that next year the central election commission will not money is provided for the regular elections to the verkhovna rada, since they were supposed to be held in the 23rd year, and it seems that the premiums in this draft budget are not planned because of the war. that is why it is possible that we will not see the elections this year . ukraine will receive 1 .4 billion dollars as part of the rapid response tool from the international monetary fund. yesterday, the media made such a statement with reference to the president of ukraine that he held such talks with the head of the imf. what is this moment ? do we need this money and will we need it?

to give, well, the main thing is, mykhailo, we talked with you, let’s give and continue with you, any money in ukraine is needed today in order to prepare the army, communicate and other expenses. when i saw the message from the president, to be honest, i didn’t believe it right away. new money because well, there was no uh about a new tranche from the imf. on the agenda, in principle, this is uh unexpected. from russian aggression due to the rise in food prices, and in order to support them, it allocates funds on a revolving basis, this will increase the debt of ukraine in the future, although it is a very favorable preferential rate, but these are still not the funds that the imf is talking about what ukraine is counting on, ukraine

is entering a much larger volume of funds within the framework of a full-fledged program, whether it will be or not , the question is not clear at the moment, but for sure, if you can say what i think about the fact that the imf does not give money to countries which are already completely in the war refuted, if it was refuted in the 15th year , hurry up, you can forget about it and the unexpected 1.4 billion dollars in order to feel better. it seems to me that many ukrainian families would like to receive money unexpectedly, but on an irreversible basis, not on a reversible basis mr. yevgeny, is it a good sign that the imf suddenly allocated such money to ukraine, i realized that not only ukraine, but other countries also receive this assistance, well, this is a good sign, and this is a completely new program. previously, the new instrument was only announced at the beginning of march, and it gives the imf this trafic finance

financing tool, it allows the imf to bypass its democratic procedures, which means not to make large deals with a large memorandum, but to provide directly and very quickly, as per the imf, within a month literally funds to countries who are in this er who needs this and ukraine is in one of the first places er and the fact that it will turn around seems to me on the contrary, this is a very good sign, it shows that they trust us, they give us money for the needs that we we consider it necessary to finance it because if there is a grant program, it is subject to such strict conditions as to where to spend it, how to control that often it just costs, taking into account all costs, much more expensive than this loan, and it takes 3.5 to 5 years to give this loan, which is enough

for a country that is at war, the deadline is long, and now the most important thing for us is to receive this money, of course, very well done, they said that the imf just doesn't give money, there must be some political conditions, conditions that we need to cut something there, raise tariffs constantly they asked me to increase it, but now this loan uh-uh, it uh-uh requires some political conditions. maybe we need to change some minister there , or we don't know the details of this loan, but from what we can see from what is known about this instrument, no, it's just a loan countries that have problems with the balance of payments and problems with the economy are temporary, but for those countries that solve these problems and solve them successfully, and this is the fact of providing. it shows that ukraine is really considered a country that can be trusted, countries that that is, it can cope with economic problems,

i would like to emphasize that the imf is not like this, a-ah, some kind of world government that manages countries, but in fact it is such funds last hopes, when you need money, you turn to the imf when you have nowhere else to take it well, for the country, eh another piece of news already concerns ukrainian realities and is connected with the russians of the ex-head of alpha bank, alpha bank ukraine is suspected of withdrawing money to russia. this one the case became russian business in ukraine in general, is it supposed to work, how is it supposed to work, mr. yevgeny , let’s continue with you. what can you say about alfa, whether they take money out of ukraine, i can’t say. because i’m not a law enforcement officer, whether they say money is coming from ukraine or not as for russian business in general, it should not work here. it is a

business that belongs to russian nationals, that is, there are no problems with alpha bank, it is profitable on an operationally profitable basis, it lends, it works well, but the problem is its shareholders, who are still there citizens of russia and who are still people who are close to putin. as for this particular case, there is such a phrase in the civil service, it is called executor access, when people, especially law enforcement agencies, who do not understand the economy very well, they are ordinary turncoats and often begin to be perceived as some kind of corruption schemes or withdrawal of money or something in this role, because a bank of this level does not make mistakes for such an amount and in such cases, in cases of payment of taxes, banks or large operations of this level never make such childish things mistakes that the law enforcement authorities are talking about, so i hope that it is simple at this stage, how can the

executor be reminded of the amounts involved ? about the non-payment of taxes during the transaction to the address of a cypriot resident who is technically one of the shareholders well, i am an intermediate company that is technically one of the shareholders that is, the amount of uah 18 million is taxes for this bank - it is nothing, mykhailo do you support such a point of view that can be said about case-alphas and in general pro-russian companies in ukraine well, it seems to me that this story is not a very good e-e claim to the bank, it’s e-e actually that it used the wrong e-e rate, the tax rate, the word withdraw funds abroad, well, i’m sorry

if you do you want foreign investments? investors bring money to ukraine. money earns money and profit. one way or another, they bring it back. this is the very essence of the operation. why can we invest money? any withdrawal of money abroad can absolutely be equated with a crime. if you you are a foreign investor, so if we turn away for a second from the fact that these are russian shareholders and simply to the very essence, it turns out that the bank applied a lower rate than it thinks to the very complex legislation of the penetration of double taxation between countries and the taxman will only use the rate more because he wants to carry out the plan and put people in prison for it. well, this is probably wrong from the point of view of the investment climate, we will want to start companies here, but their the management will be criminally

liable if the bank really applied the tax law incorrectly. that is , it needs to be fined, but somehow it is about some kind of mistake . if even it is proven, we will see the outcome of this case in court. i suspect that alpha will be sued. i also want to emphasize that alpha bank e-e ukraine is a ukrainian legal entity, and the structure of alpha itself is an international structure with the head office in luxembourg and russia only connects the citizenships of a few shareholders, so i cannot say that this is a russian business and this is but this business is invented was invented by what kind of bulach are some russians are quite famous and because of this all the problems and the last topic is also related to russia here is putin threatening to disrupt the grain corridor says that we do not export grain there, not in the country in which we

promised that we promised to feed the hungry countries of africa, and here we take and sell grain to uh, wealthy europe. well, he has such a uh, radical rhetoric that shows that he does not like that ukraine trades in grain, how will it all end? can putin disrupt the grain agreement, what threats does it bring to us for literally 2.5 minutes, two minutes, even a minute at a time, if possible, mr. mykhailo, this is your answer, and then mr. yevhen, it’s just disgusting russian propaganda that changes the whole point, ukraine is successfully using the grain corridor to saturate the world grain market, as a result of which the price of food products falls and they become available to poorer countries, and the fact that some part of more than 100 ships went to spain, for example

it absolutely does not cross out everything that the grain corridor was for, in order to save many people from hunger, and russian propaganda takes it head on and simply distorts the fact, just what can be said, putin is right or wrong, we really import and sell grain to the rich so that they live holier and poor countries continue impoverish is it just stupid russian propaganda like this then there can be no problems like all russian propaganda it's just ordinary manipulations we sell grain to those who buy it and to those and to those who distribute it and between between their own and between those and between the poor, so there are no problems here, this is how business works all over the world, we sell grain to those who need it, and to cut off these supplies, and russia at this stage, i believe, is no longer able even with its threats of missile strikes and uh, other military

actions, let's hope for that, let's hope that putin won't be able to do anything at all and that the ukrainian army will liberate this territory of ukraine and help russia and it can become a free country someday , let's see with us yevhen dubogrets was associated expert of e-e analytical center case ukraine and mykhailo demkiv, financial analyst and icu group of companies, as usual, we are in the middle with the two of them, talking about the main economic news, have you watched economic news on the espresso tv channel, if you watched us on the internet, please like, favorite, send a link to my family friends, let people know the truth, i am andriyanovskyi, together we will win if you have an

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create the future, the main and interesting thing in program verdict by serhiy rudenko from monday to thursday at 1:00 p.m. repeat at 9:30 p.m. we continue our broadcast good morning 8:21 dana valevska with you and serhii is full of words military expert and director of defense express e-e mr. serhiy we greet you good morning i am reading about the counteroffensive ukraine with the help of the usa and its allies was preparing another counteroffensive writes about it ukraine is true but the plans have changed well, i understand this information of this institute for the study of war which we constantly quote perhaps you have read about the plans of the counteroffensive, they write that the work began shortly after that. well, the planning of the counteroffensive after zelenskyi told the generals that he wanted to

take a tangible step to demonstrate that his country could fight back, and on his orders, the military began planning a broad offensive in the south to retake kherson and cut off mariupol from of russian troops in the east, however, both ukrainian generals and official us representatives believed that this would lead to significant losses among the military armed forces of ukraine and time was crucial because the counteroffensive had to be carried out until the cold. accordingly, we have this counteroffensive that began in kharkiv oblast p serhiu no how do you assess that everyone expected it to be kherson how do you assess the plans and what actually happened is happening well when you say about this story, the actual details of this story, published by the new york times, which yesterday around noon published a publication that reveals certain details of the formation of the offensive

operation. indeed, the first stage planned by the ukrainian side involved an attack on kherson on mariupol, that is, such a broad offensive that is really directly related to the priority tasks of going to the sea and knocking out the enemy from the land corridor, but we can see that this process was coordinated with the united states from britain, as we understand that the mathematical modeling of this process showed that er, such an operation will be too burdensome for the ukrainian armed forces and will be associated with numerous losses just then, at the second stage, the priorities just changed and a bet was made on exactly two directions, this in particular the exhaustion of forces in the south, which continues and will continue. and now we are conducting this lightning

counteroffensive in the kharkiv region, taking into account the fact that there was a reduction in the number of russian forces that were donors for other combat operations of parts of the front, and at the expense of intelligence it was predicted that russia would not have time to transfer any forces in the kharkiv direction. the direction in the izu zone and where the main events took place. and actually this was confirmed so that we can say that the success of the operation in the kharkiv direction was collective, which combines the provision foreign aid although i am limited and most importantly due to such a collective brainstorming taking into account the mathematical predicted actions that are in the united states and just a clear new de intelligence data that constantly ensured our actions in the entry into the liberation operation, but we also have to give credit and the ukrainian army from the point of view that this plan was carried out accurately

taking into account all the limited possibilities because, i repeat, we carried out the following actions without having a numerical advantage over the enemy in personnel composition and not having a quantitative advantage in heavy weapons. well, here you know, it is noted that despite the fact that there are weapons and aid, and also britain, but they say that the ukrainian military has a huge merit in this. and you said insufficient aid, or something we were not given what we expected in terms of armaments. and what we are mainly waiting for now is that we have a large number of formed units that have undergone training, but where is the main component of these units, in particular , armored vehicles, artillery, it comes from somewhat late and now if we see the dynamics of yesterday's statement of the main intelligence agency that germany should ensure

the supply of tanks and technicians and uh, a new request from the ministry of defense of ukraine to the pentagon regarding a new package of military aid, where tanks and attack tanks are listed and and bmp, this is just a sign of the fact that we really have human potential, prepared and motivated, we need to rely on this iron that we expect from the west . western countries that we can not only restrain the enemy but also defeat him on the field are afraid of such an additional factor for foreign politicians to increase aid to ukraine because the ukrainian army has shown all the signs that russia can be defeated on the battlefield. from the military point of view of our partners regarding the increase in the pace of aid provision, this is also the expected lend-lease, this is also

other programs that should be dosed already in the format of e-e reproduction of the work of defense and industrial of complexes in europe in europe is increasing in capacity until now serhiy would like to hear your opinion about this list of security guarantees for ukraine, which was prepared for the head of the entire president, andrii yarmak and the former secretary of state undersecretary of defense rasmus what is there in this list, first of all, ukraine needs resources to maintain powerful armed of forces capable of resisting russia, the second multi-year stable investment in the defense-industrial base, the transfer of weapons, intelligence support from allies, intensive training missions, joint exercises third, the security guarantees must outline a number of obligations to be taken by a group of guarantors together with ukraine. they must be politically and legally binding. australia , turkey, as well as the countries of northern europe and

the baltic states of central and eastern europe, the following package of guarantees contains quarantine measures and measures that must be taken immediately in case of a new invasion, the next treaty provides for a full-fledged sanctions package against the aggressor country. it may also contain additional components, in particular agreements on the provision of modern anti -aircraft defense systems and security guarantees. finally, they do not replace ukraine's desire to join nato . another opinion, mr. serhiu, that if ukraine joins nato, then what are all the security guarantees for? aspiration to join us and if ukraine does not join nato, then no security guarantees can all security guarantees turn out to be the same guarantees as the budapest memorandum was, your position on these two positions, please well, actually, when we talk about the drafts of this future security agreement which is of interest to

the ukrainian side, to a large extent all of these first items listed are already being implemented on the one hand at the bilateral level in ukraine's negotiations with the united states they are partly reflected in nato's position regarding the strengthening of its capabilities on the eastern flank and the issue of long-term assistance to ukraine in the economic sphere, in the military-military sphere, in the military-technical sphere, they are now just beginning to acquire new features on the basis of the transformations that are currently being carried out in in the united states regarding the same defense-industrial complex and in european countries and in what way should we now look at the prospects of nato guarantees not a guarantee i think that from the point of view of political experts it the question is really interesting and important, but from the point of view of practical benefit at the current stage, everything is equal