Fitch Ratings has assigned Kernel Holding S.A.’s planned benchmark USD unsecured eurobond an expected rating of ‘B+(EXP)’, Fitch said in a press release. Fitch Ratings has placed Kernel’s Long-Term Local-Currency (LC) and Foreign-Currency (FC) Issuer Default Ratings (IDRs) on Rating Watch Positive (RWP). The final ratings of the bonds are contingent upon receipt of final…
A customs experiment introduced by the government of Ukraine in September 2015 allowed in 2015-2016 to collect an additional UAH 2.8 billion to local budgets for road infrastructure repairs, of which nearly UAH 1.5 billion was spent on road repairs and construction. According to the press service of the State Agency of Automobile Roads of…
Infrastructure Minister of Ukraine Volodymyr Omelian says that more low cost airlines would operate in Ukraine in 2017. “As to the low cost airlines – this year they definitely will operate in Ukraine. This year Wizz Air will perform even more flights than it previously performed. It has significantly expanded routes from Ukraine,” Omelian said.…
Gas stocks in Ukraine’s underground storage facilities declined by 25% or 3.677 billion cubic meters to 11.055 billion cubic meters since October 13, 2016 when the current heating season began, through January 14. Ukraine withdrew 52.84 million cubic meters from underground storage on January 14, and a total of 930.98 cubic meters on January 1…
The President of Uzbekistan Shavkat Mirziyoev had marked the main task of 2017 during his speech at the Cabinet of Ministers’ expanded session. “We have to ensure the export of products in the amount of $10.8 billion”, said the head of state and defined the tasks needed to be solved. The first task – within…
Amendments to the Tax Code of Kyrgyzstan, aimed at developing production of perfumes and cosmetic products, were submitted to Parliament for consideration. The deputies note that a lot of herbs and plants, which are used in perfumery and are of very good quality as they are growing in the mountains, clean area, grow in the…
Central Asia’s biggest industrial complex with an annual capacity of 1.4 million tons of potash fertilizer is being built in an area exceeding one hundred hectares in Turkmenistan’s Lebap Province. The ore-dressing and processing enterprise will be put into operation in late March. Currently, preparation is being carried out in the industrial area to launch…