NJSC Naftogaz Ukrainy announced that the proposal to postpone payments on eurobonds, which was due to the government’s position to use these funds for natural gas import, did not find support among the eurobond holders and plans to take actions regarding the execution of the company’s eurobonds transaction in connection with the government’s ban on … Read more
Fitch Ratings has downgraded Ukraine’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘C’ from ‘CCC’, the rating agency said on its website. “Fitch typically does not assign outlooks to sovereigns with a rating of ‘CCC+’ or below. Fitch has removed all of the ratings from Under Criteria Observation (UCO),” it said. “On July 20, … Read more
The German railway concern Deutsche Bahn plans to send several trains with Ukrainian grain per week. The official representative of the DB Cargo company, a “daughter” of the concern, announced it, DW reports. The publication reports that the German concern will begin transporting Ukrainian grain to German ports for further transportation to other countries. To … Read more
From 09:00 on July 21, 2022, the National Bank of Ukraine adjusted the official exchange rate of the hryvnia against the U.S. dollar by 25% – from UAH 29.2549/$1 to UAH 36.5686/$1, taking into account changes in the fundamental characteristics of the Ukrainian economy during the war and strengthening of the U.S. dollar against other … Read more
The wheat harvest in 2022 will be 18-19 million tonnes, which will exceed the forecast indicators when it is sown, in general, a cautiously optimistic forecast can be made for the yield of all crops, said Minister of Agrarian Policy and Food of Ukraine Mykola Solsky. “The new harvest is sufficient, although it is much … Read more
NJSC Naftogaz Ukrainy, through the issuer of its eurobonds, Kondor Finance plc, has approached the holders of these securities in the amount of almost $1.5 billion with a proposal to defer coupon payments on them for two years, including postponing the repayment of 2022 eurobonds for $335 million for the same period. “In light of … Read more
Businessman Rinat Akhmetov has announced that his investment company SCM will exit its media business and surrender for the benefit of the state all Ukrainian media licenses due to entering into force of the anti-oligarch law. “I made an involuntary decision that my investment company SCM will exit its media business. This week Media Group … Read more
Recycled materials sorting and processing communal enterprise within the borders of the Boryspil community to be established. It was announced by Brovary’s mayor, Ihor Sapozhko. The deputies will consider the draft decision on the enterprise project developments at the Brovary and Boryspil city councils’ upcoming sessions. According to Sapozhko, Kyiv, as well as neighboring communities … Read more
Ukraine is restoring and expanding some of its long-decommissioned river ports on the Danube to facilitate the exportation of grain due to Russia’s Black Sea blockade. Before the war, Ukrainian river ports on the Danube were seldom used, with some of them in complete disrepair. But following Russia’s invasion of Ukraine and its control of … Read more
Romanian Prime Minister Nicolae Ciucă said that after the commissioning of the Greece-Bulgaria interconnector on Thursday, his country has the opportunity to supply natural gas to Moldova and Ukraine, European Truth has reported with reference to the Romanian news portal Digi24. “In fact, this interconnector will connect the network passing through Anatolia and the Adriatic, … Read more