The enterprises of the Ukroboronprom State Concern fulfilled their obligations to the government on the production and repairs of military equipment by 98% in 2019, according to the press service of the state concern. “A total of 4,876 units of equipment were passed to the Ukrainian army: 3,889 new and upgraded and 987 repaired [units … Read more
Ukrainian President Volodymyr Zelensky has signed law No. 330-IX amending the law of Ukraine on the electricity market, which was passed by parliament on December 4, 2019. The president’s press service said on Wednesday that the document is aimed at ensuring proper control of electricity prices in the face of insufficient competition in this market; … Read more
Ukrainian President Volodymyr Zelensky on Tuesday signed a law on liquidation of schemes in the sphere of property appraisal (bill No. 2047-d). The respective information is posted on the parliament’s website. As reported, on December 6, Ukraine’s Verkhovna Rada passed at second reading bill No. 2047-d introducing a simplified method for appraising real estate, involving … Read more
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of PrivatBank, Oschadbank, Ukreximbank and Ukrgasbank at ‘B’, with positive outlooks, the rating agency said on its website. “At the same time, Fitch has upgraded PrivatBank’s Viability Rating (VR) to ‘b’ from ‘b-‘, affirmed the ‘b-‘ VRs of the other three state-owned banks and removed … Read more
Ukraine’s Verkhovna Rada passed at first reading bill No. 2284 submitted by MPs from the Servant of the People parliamentary faction, amending some Ukrainian laws with the purpose of attracting investment and introducing new financial tools, which is refined bill No. 9035 on derivatives and financial markets discussed by the parliament of the previous convocation. … Read more
Ukraine’s Verkhovna Rada has passed at second reading bill No. 2490-1 aimed at bringing the activities of the National Commission of Ukraine for Energy, Housing and Utilities Services Regulation (NCER) in line with the decision of the Constitutional Court dated June 13, 2019. Bill, the authors of which are Andriy Gerus, Andriy Zhupanin and Oleh … Read more
Dragon Capital, an investment company whose ultimate beneficiary is Tomas Fiala, has sold 1,394,691 shares of Dragon-Ukrainian Properties and Development Plc (DUPD, the Isle of Man) investment fund and reduced its stake in the company to 59.9%. As DUPD said in a report on the London Stock Exchange (LSE) website, Dragon Capital on December 16, … Read more
JSC Ukrgazvydobuvannia (UGV) in 2020 will drill 80 new wells, Head of Naftogaz integrated gas business unit Andriy Favorov has said. “In 2020, we will drill and launch about 80 new wells. Earlier, to do this without modern drills, the drilling speed of which is two or three times higher than our old drills, was … Read more
Fitch Ratings has upgraded Ukraine-based Ferrexpo Plc’s (Ferrexpo) Long-Term Issuer Default Rating (IDR) to ‘BB-‘ from ‘B+’, the outlook is stable, the rating agency said on its website. “The upgrade follows Ukraine’s Country Ceiling upgrade to ‘B’ from ‘B-‘ on September 6, 2019. The IDR of Ferrexpo remains two notches above the Country Ceiling, reflecting … Read more
The National Bank of Ukraine (NBU) has decided from December 13, 2019 to cut its refinancing rate to the level, at which it was two years ago – 13.5% per annum from 15.5% per annum, which was set from October 25, 2019. “The NBU speeds up the monetary policy easing, as the rapid appreciation of … Read more