NEQSOL Holding has announced successful financing by J.P. Morgan Securities Plc and Raiffeisen Bank International A.G. and the completion of the acquisition of a 100% stake in Vodafone Ukraine. The holding said on Tuesday, J.P. Morgan acted as a financial consultant to LLC Bakcell, which is part of NEQSOL Holding, as well as together with … Read more
The Ministry of Infrastructure of Ukraine is considering the function of an intermodal transport hub for Lviv airport, according to the website of the ministry. “The airport could become a full-fledged intermodal transport hub, which will allow merging a lot of connections and it will be convenient, first of all, for business,” Minister of Infrastructure … Read more
JSC Ukrtransnafta, the operator of the oil transmission system of Ukraine, on Tuesday, November 26, after checking quality of oil, started accepting El Sharara Libyan crude oil to the country’s oil transmission system for transporting it to the Kremenchuk oil refinery (Ukrtatnafta). The company said in a press release that Libyan oil will be transported … Read more
PJSC MTS, Russia’s leading mobile provider is selling its telecommunications business in Ukraine, which operates under the Vodafone brand, to an Azerbaijani provider, and the Russian company’s shareholders will receive special dividends as a result of the deal. MTS said in a press release that it has signed a legally binding agreement with Telco Solutions … Read more
Moody’s Investors Service on November 22 changed the outlook on the Government of Ukraine’s ratings to positive from stable. At the same time, Ukraine’s long-term issuer and senior unsecured ratings have been affirmed at Caa1. “The affirmation of Ukraine’s Caa1 ratings reflects its – while showing signs of improvement – significant external vulnerability,” Moody’s said. … Read more
The National Bank of Ukraine (NBU) plans to launch transactions with derivatives in the second quarter of 2020, according to a presentation of open markets by the NBU on its website. At the first stage, the interest rate swap (IRS) and the conventional swap will be introduced, at the second – forward operations and a … Read more
The Ministry of Economic Development, Trade and Agriculture of Ukraine has launched a portal with the public cadastre map where the results of processing remote land sensing data will be collected. “The land monitoring system will allow you to see online what is happening with land use and land ownership, how it changes, where taxes … Read more
The Verkhovna Rada has eliminated inconsistencies with the European norms of the law on the separation of natural gas transportation activities from Naftogaz Ukrainy. Some 292 MPs voted for the relevant decision on November 15, of whom 235 were parliamentarians from the Servant of the People faction, 18 from European Solidarity, and 19 from Holos … Read more
The Verkhovna Rada at first reading adopted presidential bill No. 2300 on the abolition of state monopoly in alcohol production from January 1, 2020. Some 293 MPs voted for the relevant bill. The parliamentarians also supported the decision to halve the term of preparation of the bill for second reading. As reported, the parliamentary committee … Read more
The State Property Fund of Ukraine (SPF) plans to privatize at least five state-owned enterprises in 2020, SPF Head Dmytro Sennychenko has said. “We plan to privatize at least five large enterprises,” he said during a meeting at the SPF with the participation of Prime Minister Oleksiy Honcharuk. According to the head of the fund, … Read more