Excerpts from the most important news on Ukraine
Naftogaz returns to the market with a $500 million Eurobonds placement
07.11.2019
Naftogaz successfully priced a 7-year Eurobond for a USD 500 million size. The senior unsecured bond is issued under 144A/Reg S format and carries an interest of 7.625% payable semiannually, company reports.Fitch has rated Naftogaz at B , with notes also expected to be rated at B; at the same level of Ukraine’s sovereign rating.The orderbook peaked at almost 2.9 times oversubscription. Worldwide investors from the US, UK, Switzerland, Germany, & other EU Member States; Asia or Middle ...Germany’s coalition has prepared a bill to help Gazprom
07.11.2019
Representatives of Germany’s ruling coalition have prepared a bill to circumvent a new EU Gas Directive that reserves half of the Nord Stream-2 gas pipeline for non-Gazprom suppliers.The German deputies propose defining “completion of the project” not by the completion date, but by the date of investment in it, reports Bloomberg. The intent is to allow old EU rules to apply to the pipeline that is nearing completion.Scholars launched an electronic archive of Ukrainian non-formal art
06.11.2019
Art scholars who collect information about the national art culture of the second half of the XX century have launched the electronic archive of Ukrainian non-formal art archive-uu.com.It contains about 3,000 digitized artworks, paintings, and sculptures from private and museum collections. Most of them are published for the first time. The archive is tailored to a wide audience that includes art critics, culturologists, researchers and scientists, artists, students of specialized educational institutions, journalists, collectors, and all connoisseurs of Ukrainian art.International companies enter concession race to run Ukraine’s Olvia and Kherson ports
03.11.2019
A flagship tender for concession agreements to run parts of Olvia and Kherson ports in southern Ukraine is attracting significant international interest, writes UkraineInvest Chairman Daniel Bilak. In the month since a 1 October tender presentation attended by 46 companies from 11 countries, Ukraine has already received bids from companies based in Singapore, China and Qatar, with more applications anticipated ahead of the 6 December deadline. The tender is the first in a planned series as Ukraine looks to use the country’s ...In Turkey 46 Crimean Tatar organizations called for end to russia’s occupation of Crimea
03.11.2019
A platform meeting was held in Ankara with the participation of 43 Crimean Tatar associations and three foundations. The meeting resulted in a resolution calling on the international community to end russia’s illegal occupation of Crimea and protect the Crimean Tatar people from the persecution of occupiers, writes QHA media.According to the Turkish QHA media service, the meeting was opened by the Head of the platform of Crimean Tatar organizations and the Head of the Crimea Development Fund Umit Silit. The representative ...Wind farm in Zaporizhzhya can become the largest in Europe
02.11.2019
Preparing to build the largest onshore wind farm in Europe on Ukraine’s Azov sea coast, Norway’s NBT and China Electric Power Equipment and Technology Co., Ltd. have signed two construction contracts for the 300 MW and 450 MW Zofiya II and Zofiya III wind farms.NBT has signed preliminary financing agreements for €500 million with Industrial Commercial Bank of China, Export-Import Bank of China, and China Construction Bank.Located in Zaporizhzhya’s Yakimivskyi district, the €1 billion Zophia Wind Park to have an ...Nord Stream 2 construction threatens the ecology?
02.11.2019
The start of the Nord Stream 2 gas pipeline construction before clearing the Baltic Sea seabed of chemical warfare agents threatens to lead to an irreversible environmental impact and will make impossible the use of the water area for fishing and recreational services, Da Vinci Analytic Group reports.Since 2007, russia has attempted to adjust the Nord Stream route to circumvent chemical munitions dumping sites east of Bornholm, but these efforts have faced many complications, including due to the lack ...Deutsche Bank Reported Its Own Deal as Suspicious
02.11.2019
Deutsche Bank was already under federal investigation for helping wealthy russians launder money when it struck a deal last year to sell a property it co-owned in California, The New York Times reports.The $72 million sale of an office complex might not have been notable, except for one thing: The purchaser was linked to the son of a former top kremlin official.After the sale went through, Deutsche Bank officials in the United States took the rare step of contacting the ...EY altered a report to hide the crime
02.11.2019
A major accountancy firm covered up evidence of smuggling and laundering of drug money by an organized crime gang, an investigation has revealed, BBC reports.EY failed to report suspicious activity at one of the world’s largest gold refineries and then altered a compliance report to hide the crime.BBC Panorama discovered that the gang laundered money by selling 3.6 tonnes of gold to the Kaloti refinery in Dubai.Ukrainian immigrants add 11% of Polish GDP growth
02.11.2019
Ukrainian migrant workers have created 11% of Poland’s GDP growth since 2014, according to a new report by analysts from the National Bank of Poland, reports NFP.The report suggests that, without Ukrainian workers, Poland’s labour market would have shrunk in this period, restricting economic growth. Over the last five years, the authors argue, Ukrainians have been more significant to Poland’s sustained boom than either productivity gains or new labour input from Polish citizens.The average number of Ukrainians working in ...EBRD wants to see an end of the mixed signals on PrivatBank
30.10.2019
Alain Pilloux, the vice president of EBRD of the largest foreign investor in Ukraine, told the investment conference in Mariupol that mixed signals on PrivatBank must stop, ubn.news reports.“The mixed signals on PrivatBank must stop. We need to see what is Plan B if the courts decide otherwise,” said Alain Pilloux. “We want to hear that the state of Ukraine is supporting the efforts to recover the assets that evaporated from the bank – $5.5 billion – in London, in ...Ukraine is a risky country with big potential – survey
30.10.2019
According to the American Chamber of Commerce’s annual Ukraine Business Climate Survey, 82% of 110 top managers of member companies that took part in the survey plan to expand their business in Ukraine over the next five years.88% of businesses surveyed are forecasting an increase in their revenues in 2019, 65% are increasing investments in Ukraine and 64% are reporting an improvement of the investment climate.Ukraine remains most attractive for investors due to its talents , ...
