Fitch Ratings has upgraded Ukraine’s Long-Term Foreign-Currency Issuer Default Rating to CC from RD (restricted default). As the agency explained, the upgrade followed the execution of consent solicitation on August 11 to restructure external debt. “Near $6 billion of principal and interest on Ukraine’s Eurobonds has been deferred by 24 months, alleviating external debt servicing…
A total of 710 businesses have been relocated in Ukraine since the relocation program was launched, and 500 of them have already resumed operation. The relevant statement was made by Ukrainian Economy Deputy Minister Oleksandr Hryban during a nationwide telethon. “Today, we have registered 1,796 requests from businesses. 710 enterprises have already been relocated, and…
Over the past week, banks issued UAH 1.2 billion of affordable loans to entrepreneurs. Since the beginning of the “5-7-9 Affordable Loans” program launch, businesses have received 46,400 loans for a total amount of UAH 135.9 billion. Entrepreneurs took the most anti-crisis loans – UAH 59.6 billion, and UAH 28.3 billion – resource for refinancing…
As part of the “grain initiative”, the Brave Commander bulk carrier left the Ukrainian port of Pivdennyi on the morning of August 16 with 23,000 tons of wheat for Ethiopia, the press service of the Ministry of Infrastructure reported on Facebook. “The ship Brave Commander with grain for Africa has left the Pivdennyi port. The…
Over the past week, 271 preferential loans for the total amount of UAH 1.21 billion were issued within the framework of the State Program Affordable Loans at 5-7-9%, including 250 credit agreements to the tune of UAH 939.9 million concluded by banks of the public sector of the economy. Since the start of the program,…
Last week, the National Bank of Ukraine (NBU) sold $521.69 million on the interbank foreign exchange market. The relevant data were posted on the NBU’s website. In particular, following the foreign exchange interventions, between August 8 and August 12, the NBU acquired $93.4 million and sold $521.69 million on the interbank foreign exchange market. In…
In January-June, Energoatom National Nuclear Energy Generating Company of Ukraine generated over 34.3 billion kilowatt-hours of electricity, or 55.4% of the country’s total electricity output. The relevant statement was made by the company’s press service. “In the first half of 2022, Energoatom generated over 34.3 billion kilowatt-hours of electricity, or 55.4% of the country’s total…