Fitch has said that after a strong Q2 2019 (4.6% year-over-year), Fitch projects 3.4% growth in 2019, reflecting strong domestic demand and exports driven by the agriculture sector (wheat harvest). “Growth will moderate slightly (3.2%) in 2020 due to reduced consumer impulse, normalisation of the agricultural sector performance and some spill-overs from reduced gas transport … Read more
Fitch Ratings has upgraded Ukraine’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to ‘B’ from ‘B-‘, the outlooks are positive, according to a report on the rating agency’s website. “Ukraine has demonstrated timely access to fiscal and external financing, improving macroeconomic stability and declining public indebtedness, while a shortened electoral period has reduced domestic … Read more
JSC Ukrtransgaz at the end of August carried out a test launch of a section of the Soyuz gas pipeline to operate in the reverse west-east mode. “The test results recorded the stable operation of the equipment and all gas pumping units. Thus, the readiness and ability of the reverse mode to function normally was … Read more
Moody’s Investors Service has today upgraded the corporate family rating of DTEK Energy B.V. to Caa2 from Ca. The outlook on the rating is stable, according to a report on Moody’s website. Concurrently, Moody’s has upgraded DTEK Energy’s probability of default to Caa2-PD from Ca-PD. “The rating action follows the change in outlook to positive … Read more
Baker Tilly Ukraine LLC from the Baker Tilly international audit network, has won a tender to select an auditor of consolidated statements of the Ukroboronprom state concern. According to the ProZorro platform, where the auction was held on Thursday, Baker Tilly initially offered UAH 29.988 million for its services, while Ernst & Young LLC, its … Read more
DTEK Energy has bought 88,000 tonnes of G group coal from Columbia. According to the company’s press release, the unloading of the W-Ace bulk carrier has already begun at the TIS terminal (Odesa region), after which coal will go to DTEK Energy’s thermal power plants (TPPs). “Today in the Ukrainian energy sector there is a … Read more
The European Commission (EC) has included Ukraine in the list of countries that can export fruits and vegetables to the European Union. According to a report on the website of the State Service of Ukraine for Food Safety and Consumers’ Rights Protection, the agency requested the European Commission to recognize the entire territory of Ukraine … Read more
The National Bank of Ukraine has decided from September 6 to lower the refinancing rate to 16.5% per annum from 17% per annum, at which it has been since July 19 of this year. “The National Bank continues the cycle of easing monetary policy, as it expects inflation to slow to the target of 5%,” … Read more
The Lviv International Danylo Halytsky Airport in January-August 2019 increased passenger flow by 40% year-over-year, to 1.445 million people, the airport has reported on its official Facebook page. At the same time, the number of flights for this period 2019 increased 24.3%, to 12,499 (10,794 international and 1,705 domestic). According to the results of the … Read more
The competent authorities of Ukraine and Japan have agreed on an international veterinary certificate for exports of poultry from Ukraine. Relevant information has been posted on the website of the State Service of Ukraine for Food Safety and Consumers’ Rights Protection. As reported, the State Service of Ukraine for Food Safety and Consumers’ Rights Protection … Read more