ukrainedebt

Tuesday, October 10

Ukraine has started consultations to restructure the $20B state debt. As Reuters writes, preliminary consultations with foreign bondholders regarding the restructuring of payments began ahead of schedule and have been going on for several weeks. Talks with bondholders w...

Friday, September 29

Why did the national debt increase by $1.01B in August, and to whom does the state owe the most? According to the Ministry of Finance, Ukraine’s state and state-guaranteed debt increased by $1.01B in August because the state budget received the seventh tranche of €1.5B of macro-financial as...

Thursday, September 21

In the second quarter, Ukraine’s gross external debt increased to 92.7% of GDP. The amount of debt increased by $8.8B and, at the end of the half-year, amounted to $148.6B, the National Bank informs. In the second quarter, the public sector’s external debt increased to $84....

Thursday, March 23

Ukraine’s foreign debts have grown to 90% of GDP, and the balance of payments deficit has increased despite Western aid. Ukraine’s gross foreign debt increased by $2.3B in 2022 and amounted to $132B at the end of last year. Concerning the GDP, the amount of debt increased over the year from 64.6% to 89% of its tot...

Wednesday, January 4

The US will demand a discount for Ukraine for using loans from the IMF. The US defense budget obliges the US government representatives in international development banks, including the IMF where the US is the largest shareholder, to promote changes in these bank’s polici...

Wednesday, December 21

Ukraine has managed to reduce its public and private debts. During the third quarter of 2022, Ukraine’s gross external debt decreased by $4.3B to $124.2B. Compared to the beginning of the year, the deficit has fallen by $5.5B. At the same time, according to th...

Thursday, September 1

Ukraine must pay $10B in debt by the end of the year. In the third and fourth quarter of 2022, the government, the National Bank, and Ukrainian enterprises must pay $10.1B, of which $7.8B is the principal debt amount and $2.2B in interest, according to t...

Thursday, July 21

Ukraine will ask for a two-year postponement of Eurobond payments. The Cabinet of Ministers instructed the Ministry of Finance to start negotiations with the holders of Ukraine’s Eurobonds regarding delayed payments. Ukraine will ask bondholders to extend the term of...

International creditors have agreed to postpone Ukraine’s payments on Eurobonds. The group of creditor countries is ready for the suspension of the servicing of Ukraine’s national debt from August 1 until the end of 2023 and calls on the holders of its Eurobonds to do so. Th...

Friday, July 1

Ukraine is considering its options to restructure debt. Ukrainian officials are exploring the possibility of debt restructuring as the war-ravaged country’s funding options are at risk of depletion, according to three people familiar with the discussions,...

Wednesday, June 22

Ukraine might be given a forbearance for foreign debt payments. The possibility of providing Ukraine with foreign debt payment forbearance is currently being discussed, as announced by the National Bank of Ukraine. Today, the total financial assistance that has b...

Tuesday, June 21

The Ukrainian Parliament wants to start negotiations to write off the national debt. The Servant of the People political party called on the president and the government to start talks with international partners on writing off public debt. The statement was made by the Servant of th...

Thursday, June 16

Ukraine has no problems with the repayment of external debt. Today, the main priority of the Ministry of Finance continues to be ensuring full reinvestment of domestic debt, both in hryvnia and in foreign currency, as stated by Government Commissioner Yuriy Bu...

Monday, May 23

Ukraine’s foreign debt should be restructured. Former Chairwoman of the National Bank of Ukraine Valeriia Hontareva believes that Ukraine’s external debt should be restructured by postponing payments for five to ten years, reported NV.ua. “...

Monday, May 9

Ukraine will be able to service its foreign debt. Minister of Finance Serhiy Marchenko believes that Ukraine will be able to service its foreign debt in the near future, he said to Interfax-Ukraine. According to him, the state must pay $200M in May,...

Wednesday, March 30

Ukraine is fulfilling its debt obligations and not trying to write them off. Ukraine continues to meet its debt obligations resolutely and has established a Public Debt Service and Repayment Fund, said the Prime Minister of Ukraine, Denis Shmyhal. “Ukraine has always fu...

Wednesday, March 2

The Chairman of the Accounting Chamber initiates the zeroing of Ukraine’s foreign debt. The Chairman of the Accounting Chamber, Valery Patskan, has called on Ukraine’s creditors to zero Ukraine’s foreign debt. “The scale of the destruction in Ukraine caused by Russia’s ...

Thursday, January 27

Ukraine reduced the share of its debt in 2021. At the end of December 2021, Ukraine’s public debt amounted to UAH 2.36T ($86.6B), about 45.2% of the country’s projected GDP, reported the Ministry of Finance. The total public and stat...

Thursday, January 13

Ukraine’s public debt will be reduced to 50.8% of GDP. The government of Ukraine plans to reduce its public debt to 50.8% of GDP in 2022, stated The Prime Minister, Denis Shmygal. Ukraine’s government priorities are to continue working with the IMF and to...

Thursday, January 6

Government borrowing last year amounted to almost UAH 603B. Actual government borrowing for the 2021 state budget general fund amounted to UAH 602.8B ($22M) or 86.2% of the planned amount for this period, announced the Ministry of Finance. UAH 388.3B ($14B) wa...

Friday, December 17

At the end of the year, public debt will be 52.3% of GDP. The national debt per capita decreased by 3.8% in January-October – to UAH 59.1 thousand per person (UAH 2.3 thousand per person compared to the beginning of the year). At the same time, the deb...

Friday, December 10

Ukraine’s public debt will be cut to 56.9% of GDP by the end of 2021 and to 47% by 2024 , announced the Ministry of Finance. Among the goals are: to decrease public debt by the end of 2024 to 47% of GDP; increase in debt denominated in the national currency to 51% of GDP; to extend the a...

Monday, November 1

Ukraine will pay $14 bln in debt by 2023. The NBU noted that due to the distribution of $ 2.7 bln, Ukraine was able to increase reserves in August to the maximum level since April 2012 to ($ 31.6 bln). Ukraine passed the peak payments on the ...

Thursday, October 28

Ukraine’s public and state-guaranteed debt decreased by ₴ 40 bln ($1.52 bln). As of the end of September 2021, the total public and state-guaranteed debt of Ukraine amounted to ₴2,445.52 bln ($92.02 bln). During the month the debt decreased by ₴39.8 bln and by $510 mln. “...

Thursday, September 23

The volume of short-term external debt decreased in the first half of the year by 2.5% – the NBU reported. The volume of short-term external debt with a residual maturity (payments in the next 12 months) for the first half of 2021 decreased by 2.5% to $ 47.3 billion. According to the report, Ukraine’...

Friday, August 27

Finance Ministry’s aim in public debt market is to switch to long-term instruments, will dictate conditions , the Minister Serhiy Marchenko told Interfax-Ukraine. It’s striving to be as efficient as possible in the markets of state internal and external debt and to avoid unexpected developments. “We h...

Friday, August 6

Ukraine’s government is on a borrowing spree that threatens to stifle future growth, Serhiy Verlanov, former head of the State Tax Service, warns in a scathing critique in the SeekingAlpha financial site. “Ukraine’s debt shot up 18% over the past 25 months, an unprecedented increase, ...

Friday, May 21

Lyubchenko said he wants banks to move from buying government debt to lending to manufacturers. He said he favors an innovation economy and stress on producing at home rather than importing. “The law enforcement function should leave the economy,” said Lyubchenko, who served for the last year as...

Monday, May 3

Yuriy Butsa, the Government Commissioner for Public Debt Management, noted that despite the return to the trajectory of fiscal consolidation, Ukraine’s funding needs are still high compared to previous years. “Having successfully implemented a local borrowing strategy in the first quarter, we returned to international capital markets after stabilization to cover some of our foreign exchange needs this year...

Tuesday, January 12

Details of the properties are posted on the Details of the properties are posted on the Ukroboronprom site under Assets- Investment Property for Rent. These details, plus the mechanics of the auctions, also will be posted on the site of Prozorr...

Looking at Ukroboronprom’s 137 enterprises, Gusev writes: “ Looking at Ukroboronprom’s 137 enterprises, Gusev writes: “Some will go for privatization, because they produce non-military products, and some will cease to exist.” Of the 137, only 28 –or 20% ...

In the first six months of a government-mandated program of online leasing of state and city properties, more than 5,000 auctions have been held In the first six months of a government-mandated program of online leasing of state and city properties, more than 5,000 auctions have been held, Svitlana Panaiotidi, deputy economy minister, told rep...

The US has added seven Ukrainians and four media sites to the Specially Designated Nationals and Blocked Persons List The US has added seven Ukrainians and four media sites to the Specially Designated Nationals and Blocked Persons List for attempting to interfere in the 2020 presidential election, the US Treasury Dep...

Imported used cars accounted for 80% of the 438,900 first time car registrations in Ukraine last year Imported used cars accounted for 80% of the 438,900 first time car registrations in Ukraine last year, reports Ukrautoprom, the vehicle industry association. Last month, about 40,000 used cars were re...

Traffic congestion increased in Kyiv last year by about 5%, Traffic congestion increased in Kyiv last year by about 5%, reports the Center for Transportation Strategies, citing the City’s Traffic Center. Traffic on Kreshchatyk increased by 5-10%. Traffic Brova...

Despite the global recession, Ukraine’s steel companies increased rolled steel production by almost 1% yoy, to 18.3 million tons. Despite the global recession, Ukraine’s steel companies increased rolled steel production by almost 1% yoy, to 18.3 million tons. Steel smelting decreased by 1.4% to 20.5 million tons. But pig iron pr...

Consumer prices grew 5% last year Consumer prices grew 5% last year, inside the government’s inflation target range and slightly higher than in 2019, the State Statistics Service reported yesterday. Previous annual inflation rates wer...

Ukraine’s economic recovery will be slower than expected, coming in the spring Ukraine’s economic recovery will be slower than expected, coming in the spring, the Economy Ministry predicted yesterday. Reversing an earlier prediction of economic growth in the first quarter of 202...

The first 700,000 coronavirus vaccines could arrive in Ukraine by the end of February The first 700,000 coronavirus vaccines could arrive in Ukraine by the end of February, Valeriy Pechayev, CEO of the importing company, Lekhim, told reporters yesterday. Contracted to import 1.9 millio...

During the first weekend of the ‘enhanced quarantine’ the National Police issued fines to 1,658 During the first weekend of the ‘enhanced quarantine’ the National Police issued fines to 1,658 violators – 1,314 shops, 264 restaurants, 40 shopping centers and 22 fitness centers. In addition, 3,658...

After a 3-week break for the holidays, the IMF’s Europe Office resumed video talks yesterday with Ukraine’s government After a 3-week break for the holidays, the IMF’s Europe Office resumed video talks yesterday with Ukraine’s government to revive the Stand-By Arrangement signed last June. The program revision was to ...

Ukraine will spend $20 billion this year to repay principal and pay interest on its public debt Ukraine will spend $20 billion this year to repay principal and pay interest on its public debt, according to Finance Ministry figures. About 72% will go to repay domestic debt and 28% to repay foreig...

Ukroboronprom, the state arms production conglomerate, and ProZorro.Sale, the online auction platform, signed an agreement yesterday to put up for auction leases on 250 properties Ukroboronprom, the state arms production conglomerate, and ProZorro.Sale, the online auction platform, signed an agreement yesterday to put up for auction leases on 250 properties around the nation wi...

Tuesday, December 29

Five or six “large domestic and foreign investors are ready to participate” in leasing some of Ukraine’s busiest rail stations Five or six “large domestic and foreign investors are ready to participate” in leasing some of Ukraine’s busiest rail stations, Alexander Pertsovsky, head of UZ’s ‘Passenger Company,’ tells Mintrans. ...

Thefts of parts from private company wagons in UZ workshops has become so bad that Lemtrans has started painting its removable parts a signature lemon yellow Thefts of parts from private company wagons in UZ workshops has become so bad that Lemtrans has started painting its removable parts a signature lemon yellow, reported Rail.Insider. Lemtrans, the owne...

VR Capital, the London-based emerging markets hedge fund, is pursuing litigation against Ukrzaliznytsia over a $300 million package of defaulted loans VR Capital, the London-based emerging markets hedge fund, is pursuing litigation against Ukrzaliznytsia over a $300 million package of defaulted loans that VR acquired two years ago at auction from Ru...

In the first quarter of 2021, DTEK Energy will launch Ukraine’s first industrial-scale energy storage system project In the first quarter of 2021, DTEK Energy will launch Ukraine’s first industrial-scale energy storage system project, DTEK CEO Maksym Timchenko announced last week. US company Honeywell is build...

With demand high for lithium for batteries, Gosgeonadr, the state Geology Service, is trying to conduct a public, online auction of two deposits With demand high for lithium for batteries, Gosgeonadr, the state Geology Service, is trying to conduct a public, online auction of two deposits – a 40-hectare site in Donetsk region and a 300-hectare...

The Prosecutor General’s Office yesterday charged Oleksandr Tupytsky The Prosecutor General’s Office yesterday charged Oleksandr Tupytsky, chairman of the Constitutional Court, with bribing a witness to make him give false testimony. The charge comes one week after Rad...

The Cabinet of Ministers approved yesterday seven production-sharing agreements with private and state companies for the production of oil and gas. The Cabinet of Ministers approved yesterday seven production-sharing agreements with private and state companies for the production of oil and gas. Only one foreign company is involved – Houston-based...