Moody’s Public Sector Europe has upgraded the ratings of two Ukrainian cities – Kyiv and Kharkiv – to Caa1 from Caa2, which reflected Moody’s upgrade of Ukraine’s sovereign bond rating to Caa1, with a stable outlook, from Caa2 (positive outlook) on December 21. The outlook for the two cities was also changed to stable from…
Ukraine’s state and government-guaranteed debt in November grew by 0.6%, or by $0.44 billion, to $74.76 billion. The amount of the debt in the hryvnia equivalent increased by 1.4%, or by UAH 29.4 billion, to UAH 2.122 trillion, the Ukrainian Finance Ministry said. Since the beginning of the year, the country’s state debt in the…
Ukrainian Infrastructure Minister Volodymyr Omelyan has said he expects the construction of toll roads in Ukraine to begin next year. “The last word will be for Ukravtodor. I fully trust Ukravdotor Chief Slawomir Nowak. He has built many toll roads in Poland. I hope that we will be able to start it next year. We…
In January-November, water transport of Ukraine carried 5.3 million tons of cargo, down by 2.1% YoY, says State Statistics Committee of Ukraine. Cargo turnover fell by 20.8%, to 3,155.1 million ton-km. All types of transport carried 517 million tons of cargo (-1.5%). (PortNews/Business World Magazine)
PrivatBank declared a profit of UAH 9.03 billion in January-November. Earlier, Deputy Head of the Board at PrivatBank Halyna Pakhachuk said that about half of the bank’s interest income was generated by government bonds received during additional capitalization – UAH 8.7 billion since the beginning of the year (the Finance Ministry’s coupon payments on government…
The Union of Entrepreneurs and Employers of Poland believes that the possible outflow of Ukrainian workers to Germany could inflict serious damage to the Polish economy. On December 9, the German government approved a bill that provided for the abolition from 2020 of priority conditions in employment of own citizens and those of other EU…
The first official fight from the city of Mykolaiv in the south of Ukraine to the capital city of Kyiv, which was scheduled for December 22, was postponed due to low demand. “The first flight was rescheduled for December 26 over the low percentage of sold tickets. There was not enough time for people to…