As of August 25, 2022, Ukrainian agricultural producers harvested 25.3 million tonnes of grain. The relevant statement was made by the Ukrainian Agrarian Policy and Food Ministry. In particular, Ukrainian farmers have already threshed 18.8 million tonnes of wheat from 4.6 million hectares (98% of the projected area) with a yielding capacity of 40.8 quintals per hectare … Read more
Fitch Ratings has upgraded Ukraine’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CC’ from ‘RD’ (restricted default). “The upgrade of Ukraine’s LTFC IDR to ‘CC’ follows the execution of consent solicitation on 11 August to restructure external debt, which we deem constitutes completion of a distressed debt exchange (DDE), curing the ‘restricted default,” Fitch … Read more
NJSC Naftogaz Ukrainy failed to obtain consent to a two-year deferral of interest payments and redemption on any of its three eurobond issues, the company said on the Irish Stock Exchange. According to the report, the required quorum (over 2/3) was reached only at a meeting as for eurobonds worth $335 million maturing in July … Read more
JSC Energy Company of Ukraine (ECU), 100% state-owned, has made its first deliveries to the domestic market and is starting to export electricity to leading European trading companies, the company said. According to the report, the company made the first deliveries of electricity under bilateral contracts in the domestic market. As for supplies to the … Read more
President of Ukraine Volodymyr Zelensky signed the law on amendments to certain legislative acts of Ukraine on the peculiarities of activities of the financial sector in connection with the introduction of martial law in Ukraine (No. 2463-IX, as the bill passed under No. 7465-1), which, in particular, extends the law on financial restructuring until January … Read more
The Verkhovna Rada adopted law No. 7420 amending the Customs Code of Ukraine for joining the convention on a common transit procedure of May 20, 1987 and participating in the New Computerized Transit System (NCTS), which is used by the contracting parties to the convention – the so-called “customs visa-free regime.” Some 275 MPs voted … Read more
The Cabinet of Ministers has tabled in the Verkhovna Rada a bill on the abolition of preferential tax rates for fuel. Yaroslav Zhelezniak, first deputy head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, wrote this on Telegram. The text of the bill has yet to be published but, according to Zhelezniak, the … Read more
Spain has launched a pilot project to transport grain by train from Ukraine as an alternative or supplement to sea transport. Ministry of Transport of Spain stated it, EP reports. Railway operator Renfe Mercancías sent 25 units of 40-foot containers to the border between Poland and Ukraine to transport 600 tons of Ukrainian corn to … Read more
The first 39 wagons of coal from Australia arrived at the Ukrainian TPP. The Ministry of Energy reports it. It is noted that the Minister of Energy, Herman Halushchenko, visited one of the generating enterprises of Centrenergo, where the first 39 wagons with Australian coal of the H brand are being unloaded today. A total … Read more
Prime Minister of Ukraine Denys Shmyhal has said that from September 1, mass privatization should start in Ukraine. “The President of Ukraine has set the task of launching privatization from September. To this end, the Verkhovna Rada adopted the relevant legislation. The government has developed all the bylaws. We must make this process as fast … Read more