Real GDP growth in Ukraine in 2019 will slow down to 2.5%, and in 2020-2021 will accelerate to 2.9% and 3.7% respectively, the National Bank of Ukraine (NBU) has affirmed its forecast. According to its data, the estimate of inflation for this period also remained unchanged: 6.3% this year and 5% in each of 2020-2021. … Read more
The Ukroboronprom State Concern is ready to join the national cooperation program on the creation of Ukrainian helicopter gunships on the basis of PJSC Motor Sich (Zaporizhia). As reported by the press service on Tuesday, referring to Head of the state concern Pavlo Bukin, the plans of the sector cooperation under the program were discussed … Read more
Sergiy Tigipko’s TAS group of companies has bought part of the Arena City retail and office center at 1-3/2a Baseina Street in Kyiv. According to the NV Business edition, with reference to several sources, the group of Tigipko acquired the center with an area of 14,000 square meters for $13-15 million. The deal did not … Read more
Ukraine’s GDP growth in 2019 will slow down from 3.3% last year to 2.7% this year and 2.6% next year with the hryvnia exchange rate weakening to UAH 30.5 per $1 by the end of 2019 and UAH 31.5/$1 by the end of 2020, Morgan Stanley bank predicts. According to its survey, this is due … Read more
Solar Farm 1 LLC, part of DTEK Renewables B.V., has officially launched Ukraine’s largest Nikopol solar power station with an installed capacity of 200 MW. “Today we are opening up the largest solar power station in our country, one of the largest in Europe. Today we are talking about the largest energy investments in the … Read more
Russia is banning exports of crude oil, petroleum products and coal to Ukraine. “A few days ago the Ukrainian Cabinet of Ministers took the latest unfriendly step with respect to our country and expanded the list of Russian goods which cannot be imported to Ukrainian territory. In these conditions we are forced to protect our … Read more
PrJSC Volodymyr-Volynsky Poultry Farm (Volyn region) will invest EUR 38 million in the construction of a new poultry processing facility, which will allow doubling production, director general of the company Alina Sych has said. According to her, the capacity of the new workshop will be 13,500 broilers per hour. Construction is to be completed in … Read more
S&P Global Ratings affirmed its ‘B-/B’ long- and short-term foreign and local currency sovereign credit ratings on Ukraine. The outlook is stable. “While the economy is growing and inflation is on a downward path, the financing outlook is uncertain for government foreign currency redemptions beyond 2019, when Ukraine will have to negotiate a fresh agreement … 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) to ‘B+’ from ‘B’ and senior unsecured bonds to ‘B+’ from ‘B’ with an unchanged Recovery Rating of ‘RR4’, the outlook is stable, according to a report on the rating agency’s website. “The upgrade reflects Metinvest’s … Read more
The Cabinet of Ministers of Ukraine has expanded a list of goods from the Russian Federation on which embargo is imposed, including glass canning jars, bottles and glass containers for food and beverages in it. The government passed the relevant resolution at a Wednesday meeting, expanding the list of goods banned for importing from Russia … Read more