The European Bank for Reconstruction and Development (EBRD) has opened a credit line for the OKKO chain of fuel stations in the amount of $35 million for a period of seven years, the press service of the company said. “The funds will be used to finance the company’s capital expenditures and meet its working capital … Read more
President of Ukraine Volodymyr Zelensky has signed the law on amendments to certain legislative acts of Ukraine on facilitating the attraction of investments and the introduction of new financial instruments (bill No. 2284). The relevant information has been posted on the website of the Verkhovna Rada. As reported, Ukraine has undertaken to adopt this law … Read more
The Cabinet of Ministers on Wednesday, August 12, approved the program for reforming and developing the alcohol industry in 2020-2023. According to the draft resolution, the text of which is available to Interfax-Ukraine, the action plan for implementation of the program provides for consideration by the Cabinet of a draft law on the accounting of … Read more
Radio workers were unable to reach an agreement with the Ukrainian Music Alliance (UMA) on royalty tariffs for the use of music works and phonograms. Representatives of the Radio Committee note that tariffs must be based on economic justification and that the formula for calculating royalties proposed by the UMA is unacceptable – it does … Read more
The Cabinet of Ministers of Ukraine no longer restricts the export of personal protective equipment, Deputy Minister of Economic Development, Trade and Agriculture, Trade Representative of Ukraine Taras Kachka said. “The ban on the export of personal protective equipment has been lifted. This is the last export ban that has been in effect due to … Read more
The Cabinet of Ministers of Ukraine has approved the economic and social development forecast of Ukraine for the next three years, according to which growth of GDP in 2021 will be 4.6% with inflation of 7.3% and in 2022, GDP would grow by 4.3% with inflation of 6.2%. An Interfax-Ukraine correspondent has reported that the … Read more
The text of the Free Trade Area Agreement (FTA) between Turkey and Ukraine will be completed soon, Ambassador Extraordinary and Plenipotentiary Yagmur Ahmet Guldere has said. “I believe that both sides are making every effort to reach a common position. Last Friday [July 17] we had a round of negotiations that took place online. Again, we see … Read more
VFU Funding Plc, the financial division of Vodafone Ukraine (VF-Ukraine), the mobile communications operator, on July 15, 2020 bought back and annulled its loan participation notes worth $10 million, VFU Funding Plc said in a report on the Irish Stock Exchange. These are notes issued under Reg S. As reported, all obligations of the company … Read more
Ukraine, through a new issue of eurobonds for $2 billion maturing in 2033, will buy back eurobonds for a par amount of $434.819 million and $371.341 million maturing in 2021 and 2022 respectively at a price of 104.5% and 105.5% of par value. According to a report on the website of the Irish Stock Exchange, … Read more
Ukraine is placing $2 billion of eurobonds maturing in 2033 at 7.25% per annum, a banking market source told Interfax. Initial yield guidance as a round 7.75%, then lowered to 7.5% and finally 7.25-7.35%. Goldman Sachs and JP Morgan are running the placement’ This is Ukraine’s second attempt at placing dollar-denominated Eurobonds in a month. … Read more