The property belonging to former president of Motor Sich Viacheslav Bohuslayev and his business partner, director of the representative office in the Russian Federation Petr Kononenko, has been transferred to the management of the State Property Fund (SPF) of Ukraine. “In accordance with the decision of the High Anti-Corruption Court [HACC], sanctions have been applied … Read more
The Cabinet of Ministers of Ukraine, if necessary, can temporarily suspend payments on external public debt until October 1, 2024; the corresponding law No. 3880-IX was signed by Ukrainian President Volodymyr Zelenskyy. As reported on the website of the Verkhovna Rada, the law adopted on July 18 (passed by parliament under No. 11396) was sent … Read more
Over 11 months of operation, the Ukrainian maritime corridor has transported 60 million tonnes of cargo, the Ukrainian Sea Ports Authority (USPA) reported on Facebook. “Sixty million tonnes is the cargo turnover of the Greater Odesa ports over 11 months of operation of the Ukrainian corridor,” USPA said in a statement on Friday. Some 40.6 … Read more
The National Bank of Ukraine (NBU) has worsened the price growth forecast for 2024 and 2025 by 0.3 and 0.6 percentage points (p.p.), respectively – to 8.5% and 6.6% primarily due to increased business costs for labor and electricity. “Price pressure will continue in the coming months due to further increases in business costs, higher … Read more
The producer price index (PPI) of industrial products in Ukraine increased by 14% in June compared to May, the State Statistics Service reported. According to the calculations of analyst Oleksiy Blinov from Forbes, such industrial inflation has not been observed in Ukraine for 30 years. The last time higher rates were only during the hyperinflation … Read more
Ukraine has reached an agreement in principle with the committee of owners of Eurobonds of Ukraine regarding debt restructuring. Ukraine struck a deal with its creditors at the onset of the Russian full-scale invasion to postpone the payments due to the war’s pressure on the country’s economy. The deal to freeze payments of around $23 … Read more
The Ukrainian parliament adopted a bill on July 18 granting the government the right to suspend payments on external public debt until Oct. 1. The bill was passed immediately in two readings and supported by 231 votes, lawmaker Yaroslav Zhelezniak said. The new law gives the government the right to suspend the payments – if … Read more
A group of Ukrainian bondholders have signed nondisclosure agreements to begin a second round of formal talks with the Ukrainian government to restructure more than $20 billion in debt, reported Bloomberg with reference to its sources. Negotiations began this week on the eve of the end of the moratorium on Ukrainian debt payments on August … Read more
The pace of the hryvnia weakening over the past few weeks may create additional risks for the resilience of the foreign exchange (FX) market and, consequently, for price stability, according to the National Bank of Ukraine (NBU). “Therefore, the National Bank is ready to take appropriate steps to build greater FX market resilience required for … Read more
Export of goods from Ukraine amounted to $19.5 billion in six months of 2024, while import stood at $33.2 billion, the press service of the State Tax Service reports. Ukraine exported the most to Poland — $2 billion, Spain — $1.6 billion, China — $1.6 billion. The top three goods exported from Ukraine include: The … Read more