Ukraine

Ukraine's surprise strong growth in 2Q19 will probably trigger its warrant payments

Ben Aris in Berlin August 16, 2019

Ukraine’s unexpected spike in economic growth to 4.6% in the second quarter means the warrants offered bond holders in 2015 in exchange for delaying coupons will almost certainly be triggered at the end of this year.

More publications switch from Kiev to Kyiv and ignore the “chicken thing”

Ben Aris in Berlin August 15, 2019

After resisting for years, two more leading publications have switched the spelling of Ukraine’s capital from Kiev to Kyiv.

Ukraine’s economy takes off? Economic growth jumps to 4.6% in 2H19

bne IntelliNews August 15, 2019

The strong gain was driven by a bumper grain harvest and soaring grain exports that allowed Ukraine to overtake Russia as the biggest exporter of grain in the world for the first time in three years.

Ukraine’s fruit and berry exports expected to boom this year

bne IntelliNews August 13, 2019

Ukraine’s fruit and berry production is flourishing and exports are expected to boom this year, according to Pro-Consulting, Unian reported on August 13.

Banking on change in Lviv

Ben Aris in Berlin August 13, 2019

Owned by an Icelandic chess grandmaster, Bank Lviv is based in one of Ukraine's most prosperous regions and is focusing on funding SMEs as the economy starts to grow again.

KYIV BLOG: Zelenskiy's party won control of parliament, but now he has to control his party

Ben Aris in Berlin August 12, 2019

Servant of the People won a landslide victory in July's parliamentary elections. The question remains can Ukrainian President Volodymyr Zelenskiy actually control his own party?

Ukraine’s annual inflation up slightly to 9.1% y/y in July

bne IntelliNews August 12, 2019

Ukraine’s consumer inflation declined 0.6% m/m in July after dropping 0.5% m/m in June, due to price decreases for food, clothing and footwear, communal services and transportation.

Ukraine foreign reserves increase by 5.8% m/m in July

bne IntelliNews August 7, 2019

Ukraine's international reserves increased by 5.8% month-on-month to $21.84bn in July following a 6.4% m/m growth in June, according to the National Bank of Ukraine (NBU)

Ukraine's battered Odesa Port Plant relaunches operations

bne IntelliNews August 6, 2019

Ukraine's battered Odesa Port Plant (OPP), which has been standing idle since late April 2018, restarted its operations in early August, according to the company's first deputy director Mykola Schurikov.

Ukraine considers repeating tender for offshore oil and gas block

bne IntelliNews August 6, 2019

London-traded oil company Trident Resources recently won a contest for exploration rights to more than 9,500 square km of acreage in the Black Sea, although the government has suggested it may cancel the award.

CEE monthly bond wrap: Summer doldrums afflict Russian bond issue, but CE raises large amounts

Ben Aris in Berlin August 5, 2019

The emerging markets (EM) bond markets are well into their summer slowdown. There were virtually no bond issues from Russia at all in July but Central Europe saw $6.4bn of issues

Ukraine president confirms existence of 'resignation letters' drafted by chief of his staff, all team members

bne IntelliNews August 2, 2019

Ukrainian President Volodymyr Zelenskiy has confirmed the existence of a resignation letter drafted by the chief of his staff Andriy Bohdan, as well as other members of the presidential team, however, Zelenskiy is not going to sign them at the moment

Ukraine to create farmland market this year presidential economic adviser says

Ben Aris in Berlin August 1, 2019

Ukraine’s Presidential Office plans to cancel moratorium on sale of farmland by end of this year, deputy head Oleksiy Honcharuk reportedly said on July 30. Reform will prove highly emotive.

Ukrainian hryvnia flying this year as foreign investors pile into local bond market

bne IntelliNews August 1, 2019

Currency surge following market tie-up with international payments and settlements system Clearstream.

COMMENT: Tackling Ukraine’s health crisis requires emergency reforms

bne IntelliNews July 30, 2019

Volodymyr Zelensky realizes his country faces daunting challenges in the health sector. When the Ukrainian president’s campaign promised improved hospitals, increased doctor pay, free medical exams, and healthier lifestyles, it was not pandering but

Ukraine's real wage growth accelerates to 8% y/y in June

bne IntelliNews July 30, 2019

Real wages in Ukraine grew by 8.1% year-on-year in June, accelerating from 7% y/y growth in May, the nation's state statistics service Ukrstat reported on July 29.

Ukrainian Eurobonds, warrants rally after Zelenskiy party's landslide win

bne IntelliNews July 24, 2019

The yield on Ukraine’s government bond due 2027 dropped close to the lowest level since the 2015 debt restructuring following Servant of the People party's election victory.

Servant of the People on course to take sole control of Ukraine’s parliament

Ben Aris in Berlin July 22, 2019

The party of Ukraine’s President Volodymyr Zelenskiy has taken most of the single-mandate constituencies, putting it on track to secure a majority in the Verkhovna Rada.

President Zelenskiy's Servant of the People party wins a landslide victory in Ukraine’s snap general election

Ben Aris in Berlin July 21, 2019

The Servant of the People party took 44.2% of the vote on July 21, according to the National Exit poll results.

COMMENT: Ukraine’s slow but steady westward trade path

Iana Dreyer of Borderlex in Paris July 18, 2019

Five years after the Maidan revolution, the DCFTA between the EU and Ukraine is turning out to be an important vehicle in the East European country’s gradual economic decoupling from Russia. It is also buttressing the its slow but steady reform path.

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