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…
National joint-stock company Naftogaz Ukrainy on January 11, signed a contract valued at $6.31 million with Covington & Burling LLP (New York, the United States). The company will represent the interest of the Ukrainian company in arbitration against Russia under a claim to refund losses over the annexation of Crimea by Russia. Naftogaz said in…
Grain harvest in Ukraine 2016 has broken a record being 66 million tons (in standard weight), up by 5.9 million tons YoY. Ukraine’s Agricultural Policy and Food Ministry reported that in 2016 grain yield records were hit: wheat – 42.1 hundredweights per ha, rye – 27.3 hundredweights per ha, corn – 66 hundredweights per ha…
PC Bank (People’s Capital Bank, Kyiv) with largest shareholders as of early December 2016 Russian citizen Valery Makarenko (14.24%), Svitlana Ostapenko (9.84%), Ruslan Parkhomenko (9.68%), Oleksiy Yaroshenko (9.07%), Oleksandr Voroniak (8.6%) and Oleh Lutsky (8.07%) could be liquidated under an initiative of its owners. The issue was put on the agenda of an extraordinary general…