The Fitch international rating agency has noted improvement in the solvency of Ukrainian banks, while noting that some financial institutions need additional capitalization, according to a press release from the rating agency. “At the end of Q1, 2018, most of the largest 25 banks (together representing over 90% of sector assets) were compliant with the … Read more
Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘. The Outlook is Stable, Fitch has said in a press release. In addition, Long-Term Foreign-Currency IDR affirmed at ‘B-‘; Outlook Stable; Long-Term Local-Currency IDR affirmed at ‘B-‘; Outlook Stable; Short-term foreign-currency IDR affirmed at ‘B’; and Short-term local-currency IDR affirmed at ‘B’. … Read more
Foreign investors actively study materials, come to look at assets and meet with owners, which is evidence of gradual resumption of the interest to Ukrainian assets, according to the 18th edition of the Ernst & Young Global (EY) Capital Confidence Barometer (CCB). “So, we should hope for the return of foreign investors to the capital … Read more
Ukraine seeks to take part in several projects in Egypt, in particular projects on modernization of a steel works and reconstruction of a coke-oven battery for a company, Ukraine’s First Deputy Prime Minister, Minister for Economic Development and Trade Stepan Kubiv has said. “Ukraine is ready to undertake several projects in Egypt. The first one … Read more
Fitch Ratings has assigned Metinvest B.V.’s (B/Positive) new 7.75% $945 million senior unsecured notes due 2023 and 8.50% $648 million senior unsecured notes due 2026 final ratings of ‘B’/’RR4’, according to a posting on the rating agency’s website. “The assignment of final ratings follows the receipt of documents conforming to information already received. The final … Read more
The Metinvest mining and metal group after making an offer to buy back 2021 eurobonds has received applications for $1.07 billion, the group reported on the Euronext Dublin last week. The group earlier said that on March 19, when the offer was made, 2021 eurobonds worth $1.187 billion were outstanding. Thus, after the buyback it … Read more
Agricultural holding Myronivsky Hliboproduct (MHP) sold 135,307 tonnes of chicken meat in January-March 2018, which is 9% more than in the same period of 2017. The average selling price of the produce in Q1 increased by 23% year-over-year the year, to UAH 38.78 (excluding VAT) per kg, MHP said in a report on the website … Read more
Ukrainian enterprises in 2017 posted UAH 153.218 billion in pretax profit, which was 1.6 times up on 2016, when their pretax profit was UAH 94.039 billion, the State Statistics Service of Ukraine said on Monday. The enterprises that were in the black posted UAH 457.3 billion in profit in 2017, which was 36.2% up on … Read more
Kyiv-based PrJSC Imperial Tobacco Production Ukraine’s net profit fell by 77.3% in 2017 from 2016, to UAH 99.42 million. The company’s net revenue from sales rose by 31.7%, to UAH 2.7 billion, it said in an annual report posted in the information disclosure system of the National Securities and Stock Market Commission. In 2017, the … Read more
The three largest Ukrainian mobile communications operators have received licenses authorizing them to implement 4G technology (LTE) in the 1800 MHz band. According to reports of the operators, the National Commission for Communications and Informatization Regulation (NCCR) on April 12, 2018 issued licenses for the use of radio frequency spectrum in the 1800 MHz band … Read more