Ukraine’s Verkhovna Rada has ratified a protocol on Amendments to the Convention between the Government of Ukraine and the Republic of Turkey for avoidance of double taxation with respect to taxes on income and real estate. An Interfax-Ukraine correspondent has reported that a total of 320 MPs backed bill No. 0005 on ratification of the … Read more
Ukraine’s Verkhovna Rada has ratified a Protocol on Amendments to the Convention between the Government of Ukraine and the Swiss Confederation for avoidance of double taxation with respect to taxes on income and capital. An Interfax-Ukraine correspondent has reported that a total of 307 MPs backed bill No. 0004 on ratification of the amendments on … Read more
Metinvest B.V. (the Netherlands), the parent company of Metinvest mining and metallurgical group, in January-June of this year saw 39% fall in net profit compared to the same period last year, to $408 million, margin by 4 p.p., to 7%. According to preliminary unaudited interim financial results for the first half of 2019, for the reporting period its revenues decreased 6%, to $5.818 billion. The consolidated … Read more
Fitch Ratings has upgraded Ukrainian integrated steel company Metinvest B.V.’s (Metinvest) Long-Term Local- and Foreign-Currency Issuer Default Ratings (IDRs) and senior unsecured bonds to ‘BB-‘ from ‘B+’. The Outlook is Stable. “The upgrade follows Ukraine’s Country Ceiling upgrade to ‘B’ from ‘B-‘on 6 September 2019. The IDR of Metinvest remains two notches above the Country … Read more
Fitch Ratings has upgraded National Joint Stock Company Naftogaz’s (Naftogaz) Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B’ from ‘B-‘. The Outlook is Positive. The upgrade follows that of Ukraine’s sovereign rating (B/Positive) on September 6, 2019, Fitch said on Friday. The rating also takes into account Naftogaz’s weak liquidity profile but overall low leverage … Read more
Fitch Ratings has upgraded JSC Ukrzaliznytsia Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘B’ from ‘B-‘, according to a report on the rating agency’s website. “The rating action follows the upgrade of Ukraine’s ratings,” it says. “Under Fitch’s Government-Related Entity (GRE) Criteria, Ukrzaliznytsia’s score of 27.5 is unchanged and stems from a very … Read more
The only one shareholder of Ukrsotsbank on September 10 decided to merge Ukrsotsbank to Alfa-Bank (both based in Kyiv) under the simplified procedure. According to a report in the information disclosure system of the National Commission on Securities and the Stock Market, Alfa-Bank shareholders took a decision to merge Ukrsotsbank under the simplified procedure at … Read more
Ukrainian goods delivery service from supermarkets Zakaz.ua announced the launch in Kishinev. The service will operate on the basis of a wholesale chain Metro. This was reported on the company’s Facebook page. In Moldova, there are three Metro stores in total, two of them are in Kishinev. Zakaz.ua is represented in major cities of Ukraine: … Read more
The National Bank of Ukraine (NBU) has canceled a monthly limit of EUR5 million for repatriation of funds from the sale of securities, corporate rights, as well as funds received as a result of a decrease in the charter capital of legal entities and the withdrawal of foreign investors from business entities, the NBU said … Read more
Halychyna-Zahid LLC, a pig breeding company in Lviv region, has killed 72,570 pigs not to allow the outbreak of African Swine Fever (ASF) virus, the Main Department of the State Emergencies Service of Ukraine in Lviv region has reported. According to a report on the authority’s website, 232 people and 30 pieces of equipment were … Read more