National joint-stock company Naftogaz Ukrainy today remains the operator of the gas transport system (GTS) of Ukraine under the transit contract with JSC Gazprom, Naftogaz Chief Commercial Director Yuriy Vitrenko said at a press conference in Kyiv on Thursday. He said that the obligations of the GTS operator could be transferred to another operator when … Read more
The Verkhovna Rada of Ukraine has settled the issue of construction of new roads in Ukraine on the concession conditions. A total of 233 lawmakers backed bill No. 6766 at second reading on Tuesday. According to the explanatory note to the document, concession roads are roads of higher quality, which meet high standards, since the … Read more
Fitch Ratings has assigned Biz Finance Plc upcoming hryvnia-denominated eurobond issue an expected Long-Term rating of ‘B-(emr)(EXP)’ and recovery rating of ‘RR4’, reads a report on the rating agency’s website. “Senior unsecured loan participation notes will be issued by Biz Finance Plc, a UK-based special-purpose vehicle. Proceeds from the issuance will be lent by Biz … Read more
BNP Paribas S.A. (France) has increased its stake in UkrSibbank (Kyiv) to 60% from 59.99%, the Ukrainian bank reported in the information disclosure system of the National Securities and Stock Market Commission. According to the report, the securities were transferred from the accounts of minority shareholders to the account of the French bank under the … Read more
DCH Infrastructure & Real Estate, part of DCH Group belonging to businessman Oleksandr Yaroslavsky, has confirmed the possibility of acquiring the largest unfinished trade and entertainment center Respublika in Kyiv. “As part of the development of DCH Real Estate, we are considering various projects and assets, including Respublika,” the DCH press service told Interfax-Ukraine. At … Read more
The nominal gross domestic product (GDP) of Ukraine, denominated in U.S. dollars, will increase to $122 billion in 2018 from $110 billion in 2017, the chief economist of Dragon Capital investment company, Olena Belan, predicts. According to her, in 2019 Ukraine’s dollar GDP could reach $130 billion, exceeding $125 billion – a threshold level, exceeding … Read more
The banking sector of Ukraine in 2017 posted UAH 24.4 billion of net loss, according to a February survey of the banking sector posted on the website of the National Bank of Ukraine (NBU). According to the document, PrivatBank and two banks with Russian capital mainly saw the loss. In 2017, the number of loss-making … Read more
Ukraine International Airlines (UIA) on February 16, 2018 expanded its fleet with long haul widebody Boeing 777-200ER plane. The press service of the airline reported that the plane is officially registered in Ukraine as UR-GOA. UIA will operate the new plane with 361 seats of business, premium economy and economy classes on long haul flights … Read more
A member of Ryanair board Juliusz Komorek has confirmed plans earlier announced by Ukrainian Infrastructure Minister Volodymyr Omelyan to launch flights from Ukraine in autumn 2018. “This is a real date. I hope this would happen,” he said in an interview with Poland’s Fly4free publication, adding that changes would be made to the routes announced … Read more
The resumption of lending to Ukraine by the International Monetary Fund (IMF) under the EFF program is the key issue for the survival of Ukraine, providing the country with some certainty and predictability for the near future, Managing Partner of ICU Investment Group Makar Paseniuk has said. “This is the scenario [obtaining the next tranche … Read more