Enterprises of the Ukroboronprom State Concern have passed all repaired and upgraded aircraft under the state defense order for 2019 to the state customers in advance, the press service of Ukroboronprom reported. “We actively worked to fulfill the 2019 state defense order on aircraft repairs on time. There is an optimistic forecast for the future. … Read more
President of Ukraine Volodymyr Zelensky has signed the law on the abolition of state monopoly on alcohol production from July 1, 2020, supported by the Verkhovna Rada on December 3. According to information on the website of the Verkhovna Rada, on December 11 the bill was returned to parliament with the signature of the head … Read more
JSC Ukrposhta launches the delivery of parcels within three to six days from the date of shipment from a warehouse in Poland to Ukraine, the press service of the company has said. According to a press release, Ukrposhta together with the private postal operator SMART Forwarding (with the head office in Greece) and the Polish … Read more
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
Kernel, a large Ukrainian agricultural holding, saw $59.61 million in net profit in the first quarter of FY2020 (July 2019 – June 2020), which is 24% less than in the first quarter of FY2019 over the IFRS 16 impact. According to a report of Kernel Holding S.A. (Luxembourg) on Wednesday, revenue reduced 26% year-over-year to … 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