The level of the shadow economy in Ukraine in January-September 2018 fell by 1 percentage point (p.p.) from a year ago, to 32%, according to a report posted by the Economic Development and Trade Ministry of Ukraine on Monday. “Two of the four methods that are used to assess the level of the shadow economy … Read more
HeidelbergCement AG (Germany), the second largest global cement producer, is selling its assets in Ukraine, several sources on the market have told Interfax-Ukraine. “HeidelbergCement is selling its assets in Ukraine. The deal is to be held in March-April of this year. The buyer will be the Ukrainian investment group Concorde Capital,” the agency’s source said. … Read more
The National Bank of Ukraine (NBU) has allowed companies and banks with foreign investments to repatriate dividends for 2018, NBU Deputy Governor Oleh Churiy has said. “We’ve allowed the repatriation of dividends for 2018. Today, we still have a so-called ‘monthly limit’ of EUR 7 million. Now [within this limit] it will be possible to … Read more
The Deposit Guarantee Fund of Ukraine at an auction on Tuesday sold claims to two loans of Nadra Bank being under liquidation with uncompleted Respublika shopping and entertainment center used as collateral. According to the ProZorro.Sales platform, Soltex Capital LLC won the auction at the final bid of the second stage of the Dutch auction, … Read more
Uber has started testing the UberEats food delivery service from Kyiv-based restaurants, the company’s press service told Interfax-Ukraine. “We’ve started testing Uber Eats in Kyiv. The announcement of the launch of the service will be made soon,” the company said. At the end of 2018, Uber appointed the ex-CEO of the consulting company Civitta as … Read more
Fitch Ratings has affirmed Ukraine-based DTEK Energy B.V.’s (DTEK) Long-Term Foreign-Currency Issuer Default Ratings (IDR) at ‘RD’ (Restricted Default). The agency has also affirmed DTEK’s U.S. dollar Eurobond senior unsecured rating at ‘C’ with a Recovery Rating of ‘RR4’ and an expected recovery of 50%. According to the document, the affirmation reflects continued negotiation on … Read more
Dragon Capital Investments Limited, a member of the Dragon Capital Group, and Dragon Capital New Ukraine Fund L.P. managed by the company led a new investment round and became minority shareholders in Ciklum, a global digital solutions company with major footprint in Ukraine. According to a press release of Dragon Capital, AVentures Capital participated in … Read more
The National Bank of Ukraine (NBU) believes that the forecast of slowing inflation in 2019 to 6.3% from 9.8% in 2018 announced in October 2018 is realistic. “Inflation will continue to slow down gradually. As before, the NBU expects that it will fall to 6.3% by the end of 2019 and by 5.0% by the … Read more
The National Bank of Ukraine (NBU) again decided to remain unchanged the refinancing rate at the level of 18% per annum, according to a posting on the website of the central bank on Thursday. “The NBU Board decided to keep the refinancing rate at 18% per annum. The retaining of the refinancing rate at the … Read more
The state guaranteed debt of Ukraine fell from 71.8% to 62.7% of GDP in 2018, according to tentative data posted by the Finance Ministry of Ukraine on its Facebook page. The Finance Ministry recalled that in absolute figures the aggregate state debt grew by UAH 26.94 billion in hryvnias, to UAH 2.169 trillion and by … Read more