ebrd

Tuesday, October 26

Oschadbank to borrow €100 mln from the EBRD. The funds will come in the form of a subordinated loan with the possibility of conversion into shares, reported the Ministry of Finance. The bank officials agreed to work in accordance with the develo...

Thursday, October 21

EBRD and IFC to invest in the modernization of the Black Sea port of Chornomorsk. Both financial institutions are supporting the Ministry of Infrastructure of Ukraine and the Ukrainian Sea Ports Authority in structuring and tendering a public-private partnership (PPP) to modernize ...

Thursday, September 23

The EBRD will lend €13 mln to Nova Poshta. The European Bank for Reconstruction and Development (EBRD) will provide a loan of €13 mln to Nova Poshta for the construction of an automated parcel sorting terminal in Dnipro. Announced on the EBRD ...

Thursday, September 16

The EBRD launched the Climate Innovation Vouchers Programm as an innovative instrument to allow Ukrainian companies, from climate technology developers to those who seek to use them to reduce their impact on the environment or reduce energy costs, to finance ...

Thursday, August 12

Next month, a $100 million, 33-silo grain handling terminal is to be completed at Odesa port , reports Ports of Ukraine news site. Partly financed by the EBRD and constructed by Brooklyn-Kiev and Louis Dreyfus Company, the Franco-Dutch food processing firm, the complex will launch Brooklyn-Ki...

Thursday, July 29

The EBRD will extend a €100 million loan to Oschadbank, money that can be exchanged for shares in the state-owned bank. The government approved the loan yesterday as part of the strategy to ultimately privatize Ukraine’s state-owned banks.

Monday, May 17

Ukrposhta has posted on ProZorro a tender for a partner in construction of a $50 million modern sorting center in Kyiv. This will be the first such construction by the state postal operator in 42 years, Ukrposhta director Igor Smelyansky wrote on Facebook. Ukrposhta is undertaking a decade long logistic renovation prog...

Tuesday, April 27

On the 35th anniversary of the Chornobyl nuclear fire, President Zelenskiy yesterday inaugurated a €448 million nuclear waste repository. Located near the shuttered nuclear power plant, the unit is “the largest dry spent fuel storage facility in the world” according to the EBRD which coordinated donation from OECD countries. Designed to...

Tuesday, April 20

The EBRD is lending the hryvnia equivalent of $65 million to Datagroup, a fast growing telecommunications company, to buy Volia , Ukraine’s leading pay-TV and cable broadband service, the bank announced yesterday in a press release. With a majority of shares owned by the fund, Horizon Capital, Datagroup calls itself a leading ...

The EBRD is also lending $57 million to the Kernel Group to improve the storage, transportation and export of agricultural commodities , the bank reported in a press release. The loan is part of a $200 million syndication arranged by French investment bank Natixis for Kernel, the world’s leading producer and exporter of sunflow...

Wednesday, April 14

The new engines account for half of a €170 million upgrade of the state company’s fleet . Work is to be done at the Ukrainian Danube’s Kiliya shipyard, about 50 km down river from the company headquarters in Izmail, Odessa. The company is talking to the EBRD and the Belgian government ab...

Friday, April 2

To promote ‘green’ energy efficient commercial real estate, the EBRD is lending Dragon Capital $12.5 million for construction on Grand Business Center and two warehouses, one in Brovary and one in Kharkiv. Last July, Grand Business Center became Kyiv’s first office building to receive a sustainability certificate under the Building Research Establishment Environmental ...

Tuesday, March 30

With the EBRD loaning €450 million for the renovation of the southern half of the Kyiv-Odesa highway and the Lviv northern bypass, the multilateral bank and Ukravtodor are implementing EU-standard anti-corruption standards, Ukravtodor Chairman Oleksandr Kubrakov said during a recent meeting with Matteo Patrone, the EBRD’s regional director. “Together with the EBRD we plan a number of systemic reforms in the industry: fro...

Thursday, January 21

President Zelenskiy invited President Biden to Kyiv, a city he visited five times as Vice President. President Zelenskiy invited President Biden to Kyiv, a city he visited five times as Vice President. “Watching the inauguration of the new U.S. President,” Ukraine’s President tweeted yesterday. “I wi...

Ukraine wants to be a major producer and supplier of hydrogen to the EU Ukraine wants to be a major producer and supplier of hydrogen to the EU, largely by using its existing east-west gas pipeline system, Prime Minister Shmygal told an interdepartmental group on coordina...

Ukraine should adopt fair, free, and clear market rules to take advantage of the growing investment boom in renewables, Maxim Timchenko, CEO of DTEK, Ukraine should adopt fair, free, and clear market rules to take advantage of the growing investment boom in renewables, Maxim Timchenko, CEO of DTEK, wrote Monday in a World Economic Forum essay title...

Ukraine’s February 1 re-imposition of price controls on gas “ Ukraine’s February 1 re-imposition of price controls on gas “can be called a big step backwards,” warns Janez Kopač, a Slovenian politician who directs the Energy Community Secretariat, the organizati...

Gazprom’s Nord Stream 2 Pipeline Faces Fresh Setbacks Gazprom’s Nord Stream 2 Pipeline Faces Fresh Setbacks, headlines Bloomberg. The US placed sanctions Tuesday on the Russian pipeline vessel. At the Senate, Antony Blinken, President Biden’s nominee for...

Ukraine is preparing to introduce ‘passports’ attesting to vaccinations against Covid-19 Ukraine is preparing to introduce ‘passports’ attesting to vaccinations against Covid-19, Viktor Liashko, Ukraine’s chief sanitary doctor, tells Ukraina 24 TV. Everyone who is vaccinated will be regis...

About half of Ukrainians say they will not take a coronavirus vaccine even if it is free About half of Ukrainians say they will not take a coronavirus vaccine even if it is free. Rating polling group found that 52% of 1,600 adults interviewed last week would turn down a free vaccination. ...

The EBRD The EBRD invested nearly $1 billion in Ukraine last year, making Ukraine the third largest recipient of funds, after Turkey and Egypt. The development bank makes loans in 38 countries. “We are particu...

Highlights are: Highlights are:

With unpaid debts to solar and wind power producers tarnishing Ukraine’s investment image, With unpaid debts to solar and wind power producers tarnishing Ukraine’s investment image, Prime Minister Shmygal yesterday instructed his government to prepare ‘green bonds’ to repay the debt. He tol...

On Monday, energy regulators decided on a 50:50 split on a $360 million loan from state banks to Ukrenergo On Monday, energy regulators decided on a 50:50 split on a $360 million loan from state banks to Ukrenergo, the state power transmission operator. Coming from Ukreximbank, Oschadbank and Ukrgasbank, h...

Europe’s Green Deal is part of a global trend that Ukraine can only ignore at its peril, Europe’s Green Deal is part of a global trend that Ukraine can only ignore at its peril, acting Energy Ministry Yuriy Vitrenko warned in an essay posted on his ministry’s website. If Ukraine drags its...

In Washington yesterday evening, President Biden signed an executive order allowing the United States to rejoin the 2016 Paris Agreement In Washington yesterday evening, President Biden signed an executive order allowing the United States to rejoin the 2016 Paris Agreement. The agreement sets goals to cut greenhouse gas emissions to sl...

Thursday, August 13

Fighting to preserve a joint venture with a Chinese company to control Ukraine’s aircraft engine maker Fighting to preserve a joint venture with a Chinese company to control Ukraine’s aircraft engine maker, Ukraine’s DCH conglomerate told Reuters and NV business news site yesterday that it has signed a...

President Zelenskiy signed a law creating the legal and regulatory framework for President Zelenskiy signed a law creating the legal and regulatory framework for derivatives – the financial instrument that helps to provide hedging opportunities against prices, interest rates or cu...

Timur Khromaev, head of the Commission, said of the derivatives law: “I Timur Khromaev, head of the Commission, said of the derivatives law: “It represents a big step forward in creating the conditions in which our economy can move to a more sophisticated stage of develop...

The day after President Zelenkiy signed the law legalizing gambling, Parimatch, the largest betting company in Ukraine, announced that it will bid for hotel casino licenses in Ukraine. The day after President Zelenkiy signed the law legalizing gambling, Parimatch, the largest betting company in Ukraine, announced that it will bid for hotel casino licenses in Ukraine. Founded in Kyiv...

The Finance Ministry raised the equivalent of $366 million in its weekly government bond auction Tuesday – virtually the same amount as one week earlier. The Finance Ministry raised the equivalent of $366 million in its weekly government bond auction Tuesday – virtually the same amount as one week earlier. To keep, hryvnia rates from rising, the Minist...

Concorde Capital’s Evgeniya Akhtyrko concludes: Concorde Capital’s Evgeniya Akhtyrko concludes: “There is no improvement in the sentiments of the broader circle of market players regarding the risk level of UAH debt at the moment.”

Planes left Kyiv Sikorsky Airport half full last month Planes left Kyiv Sikorsky Airport half full last month. In July, Kyiv’s right bank airport handled 1,314 flights — 48% the number of flights of one year earlier. But the number of passengers was...

SkyUp Airlines returned in July to 50% of its pre-coronavirus traffic levels. SkyUp Airlines returned in July to 50% of its pre-coronavirus traffic levels. Operating 704 domestic and international flights from Kyiv Boryspil, the low cost airline carried 96,407 passengers in Jul...

Air Astana resumes flights between Almaty and Kyiv Boryspil next Wednesday Air Astana resumes flights between Almaty and Kyiv Boryspil next Wednesday. From Almaty, the Kazakh national carrier flies to 26 destinations, including Beijing and Delhi. Air Astana suspended flights...

The day after President Zelenskiy signed a law giving tax breaks to foreign film productions, Kyiv City officials announced a list of streets to be closed Aug. 12-25 for the filming of a Jean-Claude Van Damme film — ‘The Last Mercenary.’ The day after President Zelenskiy signed a law giving tax breaks to foreign film productions, Kyiv City officials announced a list of streets to be closed Aug. 12-25 for the filming of a Jean-Claude V...

About 200 more state companies will be transferred to the State Property Fund for privatization, About 200 more state companies will be transferred to the State Property Fund for privatization, the Cabinet of Ministers decided yesterday. The companies are either unprofitable or are used “for vari...

Until the coronavirus pandemic started, several foreign investor groups had planned to come to Ukraine this summer to study state companies scheduled for sale. Until the coronavirus pandemic started, several foreign investor groups had planned to come to Ukraine this summer to study state companies scheduled for sale. Dmytro Sennychenko, head of the Property...

Ukravtodor presented yesterday a project to build $3 billion, 150km, three quarter circle Kyiv ring road. Ukravtodor presented yesterday a project to build $3 billion, 150km, three quarter circle Kyiv ring road. Designed to intercept traffic about 40 km outside capital, the bypass would link all major int...

A US company is negotiating with Mykolaiv regional authorities to build a $250 million waste recycling plant for the entire region A US company is negotiating with Mykolaiv regional authorities to build a $250 million waste recycling plant for the entire region, Alexander Stadnik, regional head, tells NikVesti, a local news site....