Partners news

Tuesday, October 6

Some of the new money is to go to retire debt and some to Kernel’s ambitious $270 million capital expenditure program Some of the new money is to go to retire debt and some to Kernel’s ambitious $270 million capital expenditure program for the fiscal year ending next June. These include bringing on line a new oilseed...

Bolstering investor confidence in Kernel are a series of numbers released yesterday Bolstering investor confidence in Kernel are a series of numbers released yesterday: FY2020 EBITDA was up 28% yoy to $443 million; grain exports were up 30% last year to 7.9 million; and exports are t...

Interpipe, the steel pipe and railroad wheel company, announced yesterday that it has redeemed at par value with accrued interest $32.4 million of its 2024 Eurobonds Interpipe, the steel pipe and railroad wheel company, announced yesterday that it has redeemed at par value with accrued interest $32.4 million of its 2024 Eurobonds. Remaining debt on the bonds is $8...

Ukreximbank has bought $485 million in hryvnia bonds from Ukravtodor, the state highways agency, Ukreximbank has bought $485 million in hryvnia bonds from Ukravtodor, the state highways agency, reports Interfax-Ukraine. In three placements, the state-owned bank agreed to a 10.5% yield for one yea...

Intent on purging the entire 6-member central bank Board within 90 days, Intent on purging the entire 6-member central bank Board within 90 days, the National Bank of Ukraine Council yesterday approved reprimands and votes of no confidence in the two last Board members rem...

When President Zelenskiy arrives in Brussels today for the annual EU-Ukraine summit, When President Zelenskiy arrives in Brussels today for the annual EU-Ukraine summit, he will be greeted by a letter from Ukraine specialists in the European Parliaments proposing the EU visa privilege...

Cargo moving through Ukraine’s sea ports was up 3.7% yoy through September, Cargo moving through Ukraine’s sea ports was up 3.7% yoy through September, compared to first nine months of last year. Easing the corona recession, exports were up 5.6%, to 91 million tons. Other dir...

After six months in western Ukraine, Covid-19 has decisively moved east, making eastern Ukraine the current infection hot spot After six months in western Ukraine, Covid-19 has decisively moved east, making eastern Ukraine the current infection hot spot, Health Minister Maksym Stepanov told reporters yesterday morning. In the...

By Friday, Ukraine will be recording 5,000 new infections a day, the Health Minister predicts. The record to date is 4,661 new cases, reported last Saturday. By Friday, Ukraine will be recording 5,000 new infections a day, the Health Minister predicts. The record to date is 4,661 new cases, reported last Saturday. In the latest high profile infection, Ukra...

Ukraine’s hotel operators will need two years to recover from the last six months of corona crisis, Ukraine’s hotel operators will need two years to recover from the last six months of corona crisis, Natalia Chystiakova, consulting director for Colliers International (Ukraine), predicts in an interv...

Airline News: Airline News:

Monday, October 5

Due to the war between Armenia and Azerbaijan and the use of anti-aircraft systems around Yerevan airport, UIA and SkyUp have cancelled their Kyiv Boryspil – Yerevan flights. Due to the war between Armenia and Azerbaijan and the use of anti-aircraft systems around Yerevan airport, UIA and SkyUp have cancelled their Kyiv Boryspil – Yerevan flights. Last January, at a time o...

UIA is postponing the resumption of direct Kyiv-New York flight until next April UIA is postponing the resumption of direct Kyiv-New York flight until next April, the airline announced Friday. Citing its hub model for filling long haul flights, the airline noted the pandemic in Is...

Don’t Breathe Deeply Don’t Breathe Deeply: Next spring, Chornobyl exclusion zone will open its first bicycle path, the government portal announces. Following old roads, this 45 km route will run from Zeleny Cape checkpoin...

Coronavirus cases will double to 9,000 new cases a day by the end of this year, Coronavirus cases will double to 9,000 new cases a day by the end of this year, Dr. Jarno Habicht, representative in Ukraine for the World Health Organization, predicts in an interview with Suspilne (...

Ukraine ranks 5th in the world for daily new corona infections – after India, US, Russia and Mexico Ukraine ranks 5th in the world for daily new corona infections – after India, US, Russia and Mexico, according to the Worldometer daily tally of new cases. As of Sunday, the tally was: India – 26,265;...

Presidential chief of staff Andriy Yermak predicts Ukraine will face rising infections this fall and winter. Presidential chief of staff Andriy Yermak predicts Ukraine will face rising infections this fall and winter. “Summer was a big factor – people relaxed a little,” he told Ukraine 24 TV. “All this has l...

Andriy Kobolyev, CEO of Naftogaz, the state-owned oil and gas company, has tested positive for coronavirus, Andriy Kobolyev, CEO of Naftogaz, the state-owned oil and gas company, has tested positive for coronavirus, he wrote on Facebook Friday. Ukraine’s largest taxpayer, Naftogaz paid $3.5 billion to the n...

Former President Poroshenko is fighting double pneumonia in a Kyiv hospital where he is being treated for coronavirus Former President Poroshenko is fighting double pneumonia in a Kyiv hospital where he is being treated for coronavirus, his wife, Maryna, writes on the Facebook page of their party, European Solidarity...

Ivan Venzhynovych, a doctor featured in a coronavirus public information campaign, died last week of coronavirus in his native Ternopil. Ivan Venzhynovych, a doctor featured in a coronavirus public information campaign, died last week of coronavirus in his native Ternopil. After an AP reporting team visited his hospital, his photo beca...

To date, about half of actual spending from the government $2.4 billion Covid-19 Fund has gone for fixing roads, To date, about half of actual spending from the government $2.4 billion Covid-19 Fund has gone for fixing roads, Finance Minister Serhiy Marchenko tells RFE/RL in an interview. As of Sept. 19, only 35...

Last spring, the government amassed the Covid war chest intending to divert much of the money to roads Last spring, the government amassed the Covid war chest intending to divert much of the money to roads, Oleksandr Gumeniuk, investigator for StateWatch, tells RFE/RL On Friday, this NGO released a let...

Returning to strict quarantine controls would reverse the economic recovery, sending Ukraine into a ‘W-shaped’ trajectory, Returning to strict quarantine controls would reverse the economic recovery, sending Ukraine into a ‘W-shaped’ trajectory, warns Ministry of Economic Development, Trade and Agriculture. During the sec...

In the latest AmCham survey, one quarter of 94 companies participating said that all or almost all of their employees are working at home In the latest AmCham survey, one quarter of 94 companies participating said that all or almost all of their employees are working at home. In the poll released Thursday, half of companies said their r...

With three quarters of companies offering remote working With three quarters of companies offering remote working, Olena Boichenko, director of Deloitte’s Human Capital Advisory, said: “The new format of work has adversely impacted the mental health of peop...

The US Microsoft Corp. and Ukraine’s Ministry of Digital Transformation have agreed to cooperate in what would grow to become a $500 million partnerships to put much of Ukraine’s digital information inside Microsoft’s Azure cloud. The US Microsoft Corp. and Ukraine’s Ministry of Digital Transformation have agreed to cooperate in what would grow to become a $500 million partnerships to put much of Ukraine’s digital information i...

The central bank sold a net $200 million to prop up the hryvnia last month The central bank sold a net $200 million to prop up the hryvnia last month, the regulator reported on its website. This was the third largest amount of sales in the first nine months of this year. Dim...

Friday, October 2

The fires ravaging portions of Luhansk have spared The fires ravaging portions of Luhansk have spared Severodonetsk Azot, the nation’s largest producer of mineral fertilizers and employer of 4,000 workers. Brush fires that broke out Wednesday night on...

Elsewhere in Luhansk, 146 fires killed 11 people, injured at least 17 and destroyed over 250 buildings in 30 villages. Elsewhere in Luhansk, 146 fires killed 11 people, injured at least 17 and destroyed over 250 buildings in 30 villages. With many fires breaking out near the line of the control, fear of exploding land...

Two companies have been banned from trading in securities, accused of bilking legitimate companies of $100 million over the last two years Two companies have been banned from trading in securities, accused of bilking legitimate companies of $100 million over the last two years, reports National Commission on Securities and Stock Market. ...

Of the 650 Chinese investments in Europe over the last decade, about 40% have high or moderate involvement by state-controlled companies, Of the 650 Chinese investments in Europe over the last decade, about 40% have high or moderate involvement by state-controlled companies, including some in advanced technologies, according to an artic...

Noting that new EU rules to screen foreign investment go into effect from October 11, Noting that new EU rules to screen foreign investment go into effect from October 11, the Journal said the multi-billion euro deals are well known, but “less evident has been Chinese state involvement...

Skyrizon, subsidiary of Beijing Xinwei Technology Group, is pursuing a new, multi-prong strategy in its 4 year bid to win control of Ukraine’s Motor Sich, Skyrizon, subsidiary of Beijing Xinwei Technology Group, is pursuing a new, multi-prong strategy in its 4 year bid to win control of Ukraine’s Motor Sich, one of the world’s largest manufacturers of a...

Finally, the Chinese ownership group Finally, the Chinese ownership group sent a letter two weeks ago to each of the Rada’s 423 members asking that they conduct a parliamentary inquiry into ‘state raiding’ in the case. The Chinese say th...

Japan’s Nikkei business news site highlights the military value of Motor Sich. Japan’s Nikkei business news site highlights the military value of Motor Sich. “While Wang is bidding for Motor Sich as a private businessman, Beijing has been keen to upgrade China’s engine man...

Five weeks ago, U.S. Secretary of State Michael Pompeo called President Zelenskiy. Five weeks ago, U.S. Secretary of State Michael Pompeo called President Zelenskiy. Citing Motor Sich, Pompeo said he “raised U.S. concerns regarding malign PRC [People’s Republic of China] inves...

Meanwhile, one key opponent of the Motor Sich sale to China is stepping out of the fray this month Meanwhile, one key opponent of the Motor Sich sale to China is stepping out of the fray this month. Aivaras Abromavičius is awaiting President Zelenskiy’s approval to resign as head of state-controlle...

With no serious Western buyer for Motor Sich appearing on the horizon, Zelenskiy says Ukraine’s doors are open to Chinese investors With no serious Western buyer for Motor Sich appearing on the horizon, Zelenskiy says Ukraine’s doors are open to Chinese investors. “Credit and investment, agro-industrial, machine-building, and tran...

A Chinese company is to build a 50 km railroad in Luhansk that would connect the region’s coal-fired electricity plant to the Ukrzaliznytsia system, A Chinese company is to build a 50 km railroad in Luhansk that would connect the region’s coal-fired electricity plant to the Ukrzaliznytsia system, Sergiy Gaidai, head of the regional administration ...

Thursday, October 1

Concorde Capital’s Concorde Capital’s Zenon Zawada writes: “The new daily record for COVID-19 cases is a disturbing trend that poses the risk of renewed travel restrictions, regardless of official assurances.”

The The Finance Ministry raised rates to sell $72 million worth of government hryvnia bonds at the weekly auction Tuesday. About 95% of purchases were for six-month bonds. Yields were 8%, an increase of 1...

Concorde Capital’s Evgeniya Akhtyrko writes: Concorde Capital’s Evgeniya Akhtyrko writes: “The rising interest rates at this latest bond auction was not sufficient to boost demand for local Ukrainian bonds…The recent low volumes of raised ...

Yields on 12-year Ukrainian government Eurobonds have risen by 100 basis points, to 8%, in the last 10 days. Timothy Ash writes from London Yields on 12-year Ukrainian government Eurobonds have risen by 100 basis points, to 8%, in the last 10 days. Timothy Ash writes from London: “It’s signaling that investors are beginning to get a bit w...

“[Ukraine’s] current team needs to look at the widening of Ukraine’s credit spreads “[Ukraine’s] current team needs to look at the widening of Ukraine’s credit spreads, or increased costs of borrowing, as a reflection that the market does not appreciate what they are seeing on the re...

Aggressively moving to become Ukraine’s leading domestic carrier, Aggressively moving to become Ukraine’s leading domestic carrier, Windrose Airlines starts flying Monday to its 9th Ukrainian city – Kherson. Next month, it is to add Uzhgorod. Long a vacation charter...

An American woman employed by the US Embassy died yesterday of a severe head injury An American woman employed by the US Embassy died yesterday of a severe head injury. She had been found unconscious near railroad tracks on the western border of Nivky park, a 10-minute walk from the ...

Westinghouse Electric Co signed a deal yesterday to raise its market share of nuclear fuel in Ukraine to 60%, from 40% last year Westinghouse Electric Co signed a deal yesterday to raise its market share of nuclear fuel in Ukraine to 60%, from 40% last year. The deal means that a Westinghouse plant in Sweden will supply fuel fo...

Since the Russia-Ukraine war started in 2014, Ukraine has gradually cut dependency on Russian fuel for its nuclear reactors Since the Russia-Ukraine war started in 2014, Ukraine has gradually cut dependency on Russian fuel for its nuclear reactors. Last year, Ukraine spent almost $400 million on nuclear fuel imports. With ...

At the signing ceremony, At the signing ceremony, President Zelenskiy hailed “a deepening of the diversification of nuclear fuel supplies for our state-owned Energoatom.” Patrick Fragman, President and CEO of Westinghouse, no...

Renewables – hydro, solar, wind and biomass – have nearly doubled their slice of Ukraine’s electricity production Renewables – hydro, solar, wind and biomass – have nearly doubled their slice of Ukraine’s electricity production, the Energy Ministry reported Tuesday. Through August, renewables accounted for 13.3% ...