Ukraine’s Verkhovna Rada has passed at second reading bill No. 2241 with amendments to the Tax Code on the reduction of the amber production royalty from 25% to 10% from 2022, and by the end of 2020 the interim rate of 5% will be in effect and in 2021 – 8%. An Interfax-Ukraine correspondent reported … Read more
The volume of government domestic loan bonds bought by nonresidents grew by 6.1% or UAH 7.2 billion, to UAH 124.9 billion, the Finance Ministry said on its Facebook page last week. According to the report, thus, as of January 31, 2020, the share of foreigners of the total volume of government bonds issued in Ukraine … Read more
The Board of the National Bank of Ukraine (NBU) has decided from January 31, 2020 to decrease the refinancing rate from 13.5% to 11% per annum. “The National Bank continues mitigating its monetary policy in order to ensure inflation at 5% and maintain strong economic growth,” the NBU said on Thursday. According to the central … Read more
On January 27, Ukraine completed the settlement of its new EUR 1.25 million 4.375% eurobond due 2030, the Finance Ministry of Ukraine said on its website. The investor base of the new issuance was dominated by asset managers, which accounted for 85% of the notes issued and followed by hedge funds (7%), insurance and pension … Read more
The ratio of the state and state-guaranteed debt of Ukraine to the forecast GDP at the end of 2019 is about 50%, and the public debt is 44% compared to 60.9% and 52.3% at the end of 2018 respectively, the Ministry of Finance has said. According to its data, in absolute terms the total national … Read more
Fitch Ratings has assigned PJSC VF Ukraine, the second largest mobile operator in Ukraine, a Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B’, the outlook on the IDR is positive, Fitch has said on its website. “Fitch has also assigned VFU Funding plc’s (VFU Funding) proposed loan participation notes (LPNs) an expected rating of ‘B … Read more
The shareholders of PrJSC VF Ukraine (provides mobile services under the Vodafone-Ukraine brand) on January 20 decided to provide prior consent to raising funds of up to $1 billion, but the company plans to gradually raise up to $500 million from external sources for the implementation of the development strategy, the operator’s press service has … Read more
Siemens business in Ukraine has doubled over the past three years, the company expects to maintain such growth rates in the next three years, Director General of Siemens Ukraine Maciej Tomasz Zielinski has said. “In the industries where we work – in energy, in the food industry, in business processes – we consider this possible … Read more
Industrial production in Ukraine in 2019 decreased by 1.8% compared to 2018, while in December 2019 from December 2018 the decline was 7.7%, the State Statistics Service has reported. The agency said that with the adjustment to the effect of calendar days, industrial production in the country in December 2019 compared to December 2018 decreased … Read more
Ukraine has announced the issue of new 10 year eurobonds pegged to euros, the Finance Ministry has reported on its website. “The new EUR-denominated Reg S/144A senior unsecured notes are offered with a bullet maturity of 10 years,” the ministry said on Wednesday. FCA/ICMA stabilization applies, the ministry added. In the middle of June 2019, Ukraine placed … Read more