The Verkhovna Rada of Ukraine has ratified amendments to Annex XXVII to the Association Agreement between Ukraine and the EU. Some 231 people’s deputies voted for the corresponding bill at a meeting of the parliament on June 6. “Updated Annex XXVII to the Association Agreement provides for new energy standards that will bring Ukraine closer … Read more
The Vodafone Ukraine mobile communications operator (PrJSC VF Ukraine) did not buy Vega Telecom (managed by PrJSC Farlep-Invest), Government Plenipotentiary of the Antimonopoly Committee of Ukraine Maria Protsyshen has written on her Facebook page. “We want to inform you that we have already received an answer to our official request from VF Ukraine, which said … Read more
Maersk Ukraine expects a slowdown in the growth rate of the container traffic market in Ukraine next year, Director General of Maersk Ukraine Roman Koloianov has told Interfax-Ukraine on the sidelines of the Ukrainian Port Forum 2019, held in Odesa on May 30-31. “This year will be the last year of active growth [in the … Read more
Dragon Capital announced today the sale of its entire stake in Chumak, Ukraine’s leading producer of branded food products, to Delta Wilmar – the Ukraine affiliate of Wilmar International Ltd Singapore, one of Asia’s leading agribusiness groups. “We are happy to announce a successful exit from our investment in Chumak. It has been a pleasure … Read more
Ukraine and India are boosting defense cooperation under the program of modernization of An-32 light transport aircraft of Indian Air Forces. The press service of Spetstechnoexport reported on Monday that Ukraine supplied a new batch of spare parts for Indian An-32 aircraft being modernized at production facilities in India under an order of the Indian … Read more
The United Aircraft Corporation (UAC) filed a lawsuit against the Ukrainian state aircraft corporation Antonov with the Moscow Arbitration Court on May 23, according to court files. The essence of the claims has not yet been published in the registry. Inter-District Inspectorate No. 46 of the Russian Federal Tax Service and UAC-Antonov, the joint venture … Read more
The international rating agency Fitch Ratings has affirmed the foreign-currency long-term issuer default ratings (IDR) of ProCredit Bank, Bank Credit Agricole and Pravex-Bank at “B-” and local-currency IDRs at “B” with a stable outlook, the agency has reported.
Ukrainian President Petro Poroshenko has signed a bill amending some Ukrainian laws regarding the provision of competition for generation of alternative electricity (2712-VIII dated April 25, 2019), foreseeing the introduction of “green” auctions, according to a posting on the website of the Verkhovna Rada. As reported, the Verkhovna Rada at a plenary session on Thursday … Read more
JP Morgan has downgraded eurobonds of state-owned Oschadbank (due in 2023 and 2025) and Ukreximbank (due in 2022 and 2025) from Neutral (N) to Underweight (UW) due to sovereign risks, according to a review about the Ukrainian banks issued on April 30. According to the document, the decision is linked with uncertainty about the government’s … Read more
Khmelnytsky Biofuel Power Plant LLC has stated it intends to build a 130 MW biofuel power station (which corresponds to an electric power of 46.4 MW). According to a company report in the register of environmental impact assessment, it is planned to use different types of straw in Hesston bales as fuel (270,000 tonnes per … Read more