Partners news Wednesday, June 23 Editor’s Note : Few things concentrate the brain cells better than a good blackout. ‘Where’s the wifi?’ will arise the collective wail from 30 million Ukrainian smart phone holders. Given Ukraine’s political gridlock...
Energy Wednesday, June 23 Quote of the day: “Without radical reforms, energy blackouts will become a feature of everyday life in Ukraine in the years to come…Ukraine should adopt competitive, full-cost pricing by integrating comprehensively int... #EUandUkraine #IntegrationinEUenergyMarket #NeedforRadicalReformsinUkraine #ReformsinUkraine
Energy Wednesday, June 23 Concorde Capital’s Alexander Paraschiy writes: “This development illustrates a strong political will to retain Vitrenko as Naftogaz CEO. That allows us to expect a Naftogaz Supervisory Board meeting to consider Vitrenko’s dismissal will not take p... #NaftogazCEODrama #NaftogazScandal #NaftogazUkraine
Energy Wednesday, June 23 Yuriy Vitrenko is still CEO of Naftogaz. The National Agency on Corruption Prevention is appealing a ruling on Friday that suspended the Agency’s own suspension order. With Prime Minister Shmygal backing Vitrenko, it appears that the three g... #VintrenkoCEOofNaftogaz #VitrenkoCEOsupportedbyGovernment
Finance Wednesday, June 23 Ukraine’s foreign currency payments on public and publicly guaranteed debt will exceed $10 billion over the next year, reports the National Bank of Ukraine. In addition, payments on hryvnia debt will be around $5 billion in the second half of this year. With no disbursements over the last year from Ukraine’s IMF progr... #HowUkrainewillpaydebt #IMFinUkraine #IMFmoneyforUkraine #UkraineDebt2021
FinancePartners news Wednesday, June 23 To keep the hryvnia from strengthening above 27 to the dollar, the National Bank of Ukraine last week made net purchases of $93 million . Since the start of the year, the central bank has purchased $729 million. Last year, net purchases totaled $1 billion for the whole year. #HryvniaStrength #NBUsupportsHryvniaRate
FinanceInvestmentsPartners news Wednesday, June 23 In the first auction since the central bank decided to keep the prime interest rate unchanged at 7.5%, sales of Ukrainian government bonds jumped by 39% yesterday, to the equivalent of the $416 million, the Finance Ministry reports on Facebook. Cut off rates remained the same: 6 months – 9%; 13 months – 10.99%; 18 months. – 11.3%; 2-year – 12%; 3-year – 12.3%; and 5-year... #BondsforsaleinUkraine #NBUprimerate #PrimeRateUnchanged #UkraineGovernmentBonds
Partners news Wednesday, June 23 Starting Monday, elements of the U.S. Sixth Fleet, based in Naples, Italy will co-lead the annual Sea Breeze naval exercise in the Black Sea . In the largest Sea Breeze ever, 32 nations will participate, sending 32 ships, 40 aircraft and 5,000 troops. The exercise, the 21st since 1997, ends July 10. #BlackSeaExercise #SeaBreezenavalexercise
Economy Wednesday, June 23 Under the larger agreement, Britain is to help Ukraine build two naval bases, one in the Azov and one in the Black Sea . In August, a production agreement is to be signed to build the first two of eight new missile patrol boats. In a 5-year deal, Britain is committed to restoring Soviet-era shipyards in Ukraine for ma... #BritanWillHelptobuildNavalBasis #NavalBaseAzov #NavalBaseBlackSea #NavalBasisinUkraine
Partners news Wednesday, June 23 Two British Sandown-class minesweeping ships are to be transferred to the Ukrainian Naval Forces in coming months, part of a wider, £1.25 billion UK-Ukraine agreement to upgrade Ukraine’s navy . In a memorandum signed Monday aboard the HMS Defender, a British destroyer docked in Odesa, Ukraine is to receive the Sandown minesweepers, a class also used by navies of Estonia and Saudi Arabia. #BritainShipsforUkraine #minesweepingships #Sandownminesweepers
AgriculturePartners news Wednesday, June 23 The farmland market is designed to be transparent, Agriculture Minister Roman Leshchenko writes in an Atlantic Council essay: “Land reform can make Ukraine an agricultural superpower.” “Once Ukraine’s land market opens, all transactions will be tracked to record buyers and sellers, along with the price and the source of paym... #AgriculturereforminUkraine #AgroUkraine2021 #UkraineFarmLand2021
Agriculture Wednesday, June 23 The start of a limited farmland market on July 1 should boost Ukrainian harvest yields , Bloomberg reports in a story: Ukraine will introduce long-awaited land reforms next month just as food prices rise to the highest in almost a decade. Harvest yields for corn, Ukraine’s largest crop,... #FarmLandforSaleinUkraine #FarmLandMarketUkraine #LimitedFarmLandMarket
Agriculture Wednesday, June 23 With the grain marketing year ending next week, Ukraine’s exports in tons are down by 22% yoy, to 43.4 million tons. But with global food prices up 40% yoy, Ukraine’s grain exports in dollars are expected to be unchanged from one year ago. Total grain production for the marketing year, ending J... #ExportfromUkraine #GrainProduction2021 #UkraineGrainExport
Agriculture Wednesday, June 23 Moving a bumper harvest to the sea ports will not be a problem , says Gorbachov. Ukraine now has 28,000 rail hopper cars, almost triple the 10,000 of three years ago. “We have no more deficit of these hoppers, and we can move grain easily to the ports,” he said. ... #DeliveringGraintothePorts #GrainDeliverytotheSea
Agriculture Wednesday, June 23 Gorbachov’s predictions for this year’s harvests: corn – 37 million tons, up 22%; wheat – 30 million tons, up 20%; sunflower seeds – 16.5 million tons, up 28%; and canola – 2.5 million tons, unchanged. The headline on the farming news site from Weste... #Harvest2021 #HarvestPrediction2021 #UkraineGrainHarvest2021
Agriculture Wednesday, June 23 Well-timed rains are pushing this year’s harvest to a record 100 million tons of grains, oilseeds and beans, Nikolay Gorbachov, president of the Ukrainian Grain Association predicted at the recent International Grains Council’s Grain Conference. “What I can tell you about Ukraine is the conditions are just p... #AgroUkraine2021 #GoodweatherforGoodGrainHarvest #GrainHarvest2021 #UkraineHarvest2021