ukravtodor

Thursday, September 5

Ukraine completed its $20.5B Eurobond restructuring, reducing the national debt by $9B. The restructuring process included the exchange of 13 series of government Eurobonds and one series of state-guaranteed Ukravtodor Eurobonds worth about $20.5B, approximately $24B including capitalize...

Friday, August 16

The parliament comments on the lowering of Ukraine’s credit rating to RD. Early this week, the Fitch rating agency downgraded Ukraine’s long-term credit rating from level C to RD. The $750M 2026 Eurobonds, on which Ukraine failed to make the August 1 coupon payment, w...

Thursday, August 15

Fitch Ratings lowers Ukraine’s credit rating to limited default. In particular, the issuer’s long-term foreign currency default rating was downgraded from C to RD (restricted default), Fitch Ratings said in a statement. This rating level means that the issuer...

Friday, August 2

The Cabinet of Ministers introduces a payment moratorium for Ukraine’s Eurobonds. The Cabinet of Ministers exercised the right granted to it by the Ukrainian Parliament and introduced a temporary moratorium on Ukraine’s Eurobond payments. “In connection with the impleme...

Wednesday, September 6

The EBRD will issue a €182M loan to repair the main export artery from Ukraine to Poland. The EBRD will redirect a €182M loan to the State Agency for Reconstruction and Development of Infrastructure of Ukraine to repair the section of the M-09 road from Lviv to Rava-Ruska on the Ukrainian-...

Thursday, November 17

Ukraine will spend more than UAH 360M on road infrastructure development with Poland. The Cabinet of Ministers has allocated an additional UAH 360.7M to Ukravtodor to develop road infrastructure on the Ukrainian-Polish border, said the permanent representative of the Ukrainian Parliame...

Thursday, September 1

Ukraine has repaired 50 bridges destroyed by the occupiers. According to the deputy head of the State Company Ukravtodor, Andriy Ivko, a bridge in the Sumy region became the fiftieth structure the department has managed to restore traffic to since the beginnin...

Tuesday, January 25

The Zhytomyr Northern Bypass construction will be resumed. Zhytomyr has announced a tender for the reconstruction of the Northern Bypass, which is part of the Kyiv-Chop highway, announced the Zhytomyr Road Service. The construction section runs between Hlybo...

Thursday, January 6

Ukravtodor paid a record UAH 15B for debt service during the year. In 2021, the State Road Agency of Ukraine made several payments amounting to UAH 42.47B, including loan re-payments of 14.91B. Ukravtodor transferred funds from the state budget to local budgets in th...

Wednesday, December 29

Ukravtodor to repair more than 400 km of roads within the Little Carpathian Ring in 2022. The plan is to repair and build 186 kilometers of roads of regional networks, and 217 kilometers of roads of local networks within the state investment project “Small Carpathian Ring” fram...

Thursday, December 16

Ukravtodor announced the first three tenders to repair 85 km of road. Ukravtodor, within the framework of a project with the EBRD and the EIB, announced the first three tenders to repair three sections of M-05 Kyiv-Odesa in the Cherkasy region. According to the Ministry...

Monday, December 13

Kyiv bypass road project tender announced. The tender for the first section of the road was announced by Ukravtodor The cost of the works is UAH 5.4 bln ($166 mln). And the first part of the road is part of the construction of the 18 km sectio...

Tuesday, November 30

Ukravtodor suffered losses of UAH 118 mln. For the first three quarters of 2021, Ukravtodor suffered a loss of UAH 118 mln ($4.37 mln), according to the financial reports (marlin.gov.ua). The state-owned company’s losses were due to insufficie...

Thursday, June 3

By end of next year, reconstruction of the nearly 500 km Kyiv-Poltava-Kharkiv highway is to be complete , Ukravtodor officials said. The improvements will cut the drive between Ukraine’s two largest cities to four hours, from 6.5 hours today.

Wednesday, June 2

With Luhansk region suffering some of the nation’s worst roads , Ukravtodor is repairing and rebuilding about 525 km of roads. This is four times the amount spent on road construction and repairs over the last decade, wrote Alexander Kubrakov, Infrastructure Mini...

Tuesday, May 11

To help pay for Ukraine’s ‘Big Construction’ program, the Cabinet of Minister has extended state guarantees to $360 million worth of hryvnia bonds for Ukravtodor. The Cabinet also approved a list of priority highway projects to be financed with the bonds...

Tuesday, April 13

With the ‘Big Construction’ program running up government debt this summer, the government has approved extending state guarantees Ukravtodor for the hryvnia equivalent of $357 million in loans or bonds. Separately, the state highway agency has set up a unit to prepare for th...

Tuesday, April 6

To roll out the welcome mat to EU drivers, Ukravtodor is repairing and upgrading 250 km of roads to border checkpoints this summer , the highway agency reported on Facebook. “Unfortunately, having crossed the borders of our state, it is expected that you meet a pothole,” Ukravtodor wrote. Almost all the work this year is being un...

Tuesday, March 30

The summer construction season has started, with work now underway on 215 roads and bridges across the country , Ukravtodor, the state highway agency, reports on Facebook. “The total length of facilities on which work has begun is 1,960 km,” the agency says. “The current plan for 2021 provides for the construc...

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...

Work is to start this summer on the first two sections of the 150 km Kyiv Ring Road , Ukravtodor reports on Facebook. Of the six sections planned, the two priority sections add up to 43 km and will designed to link three highways west and south of Kyiv – the M-07 Kyiv-Kovel, the M-06...

Ukravtodor is protesting an arbitration decision ordering it to return €10.3 million to a Chinese company, Sinohydro, for ending a contract to build the northern bypass of Zhytomyr on the M-06. Six months ago, Ukravtodor ended the contract, charging that the Chinese company completed 49% of the project, far short of ...

Tuesday, November 24

With new infections increasing late last week by 14,500 a day With new infections increasing late last week by 14,500 a day, Ukraine’s government adopted a system of ‘Priority Hours,” for people over 65 years of age to go shopping. The shopping window of 10 am t...

While waiting to see if the weekend quarantines brake the infection rate, the government is polling mayors and religious groups for suggestions for tougher quarantine While waiting to see if the weekend quarantines brake the infection rate, the government is polling mayors and religious groups for suggestions for tougher quarantine that would cause less economic da...

Ivano-Frankivsk Mayor Ruslan Martsinkiv said after an online meeting with the Prime Minister on Thursday Ivano-Frankivsk Mayor Ruslan Martsinkiv said after an online meeting with the Prime Minister on Thursday: “If, God forbid, this lockdown is introduced, it will be a disaster for the economy, especiall...

President Zelenskiy and his chief of staff, Andriy Yermak, tested negative for coronavirus yesterday and were released from Kyiv’s elite Feofania Hospital President Zelenskiy and his chief of staff, Andriy Yermak, tested negative for coronavirus yesterday and were released from Kyiv’s elite Feofania Hospital, ending two weeks of treatment. “I finally ha...

Coronavirus is cutting deeper into Ukraine’s political elite. Coronavirus is cutting deeper into Ukraine’s political elite. The newly elected mayors of three cities – Boryspil, Konotop and Novgorod-Siversky — died from COVID-19 after the Oct. 25 local elections....

One roadbuilding season made a difference One roadbuilding season made a difference. Ukraine in 2020 climbed 20 notches in “Quality of Roads” Ukravtodor says, citing The Legatum Prosperity Index. Out of 167 countries, Ukraine rose to 126th pl...

Despite the spring coronavirus lockdown, retail sales for the first 10 months of this year are up almost 8% yoy in real terms Despite the spring coronavirus lockdown, retail sales for the first 10 months of this year are up almost 8% yoy in real terms, reports the State Statistics Service. In Kyiv, the nation’s biggest marke...

Concorde Capital’s Evgeniya Akhtyrko writes Concorde Capital’s Evgeniya Akhtyrko writes: “Retail sales in Ukraine are surging, backed by fast growth of wages. The strong household consumption is helping the economy to offset the fall in investm...

During the first half of this year During the first half of this year, more than 300 new grocery supermarkets opened in Ukraine, a record figure for the last decade, reports NAI Ukraine, the commercial real estate consulting company. I...

For household goods For household goods, Danish chain Jysk opened 13 new stores in the first half. Epicenter opened seven and Leroy Merlin opened two. Chains specializing in cosmetics, electronics and clothing also expan...

“The opening of new stores is due to the dynamic growth of retail after the lockdown,” “The opening of new stores is due to the dynamic growth of retail after the lockdown,” NAI tells Interfax Ukraine. “[Because] Ukrainians visited foreign countries less, about $ 3.8 billion remained in...

The Fora supermarket chain expects to double deliveries in 2021 through delivery services, compared to this year, The Fora supermarket chain expects to double deliveries in 2021 through delivery services, compared to this year, Yevhen Trishyn, Fora’s digital technologies director, told reporters recently. He said...

Due to the spring coronavirus lockdown, Glovo grew in Ukraine 40-50% faster than its plan for 2020, Due to the spring coronavirus lockdown, Glovo grew in Ukraine 40-50% faster than its plan for 2020, says Dmytro Rasnovsky, Ukraine general manager for the delivery service. Known for its trademark yel...

During the first weekend quarantine of November, sales volumes fell by 45% compared to the previous weekend During the first weekend quarantine of November, sales volumes fell by 45% compared to the previous weekend, Ukrainian Processing Center tells Interfax-Ukraine about use of 7.8 million cards of its 19...

To avoid ‘Black Friday’ shopping mob scenes To avoid ‘Black Friday’ shopping mob scenes, many Ukrainian shopping center are opting for social distancing alternatives. Kyiv’s Gulliver shopping center has replaced its planned Friday-Saturday-Sund...

Friday, October 30

Two months into the job as head of Ukraine’s state railroad, Volodymyr Zhmak announced yesterday he will drop a $1 billion framework agreement signed in 2018 to buy as many as 200 diesel locomotives from Wabtec Corporation, formerly GE Transportation Two months into the job as head of Ukraine’s state railroad, Volodymyr Zhmak announced yesterday he will drop a $1 billion framework agreement signed in 2018 to buy as many as 200 diesel locomotives f...

Through late July, Ukrainian officials repeatedly said they are negotiating to sign a contract by the end of this year to buy another 40 locomotives from Wabtec – a purchase that would carry a $185 million price tag Through late July, Ukrainian officials repeatedly said they are negotiating to sign a contract by the end of this year to buy another 40 locomotives from Wabtec – a purchase that would carry a $185 mi...

Most of UZ’s rolling stock have passed their intended life expectancies Most of UZ’s rolling stock have passed their intended life expectancies, Zhmak gave these ‘depreciation rates: UZ’s 958 electric locomotives and 227 diesel locomotives — 96%; 41,138 freight cars...

Austria’s Rail Cargo Group is launching a new weekly container freight train from central China to Vienna, through Ukraine. Austria’s Rail Cargo Group is launching a new weekly container freight train from central China to Vienna, through Ukraine. Separately, Rail Cargo, a unit of Austrian Federal Railways (ÖBB), recently ...

In the latest move to remove big trucks from Odesa’s residential areas, Euroterminal has started to build a rail spur In the latest move to remove big trucks from Odesa’s residential areas, Euroterminal has started to build a rail spur to the Odesa-Peresyp rail cargo sorting yard, about five kilometers north of the h...

4G mobile telephone usage by Kyivstar subscribers was up 50% yoy in the third quarter, 4G mobile telephone usage by Kyivstar subscribers was up 50% yoy in the third quarter, reports Ukrinform. The 4G network of Kyivstar, the nation’s largest mobile company, now reaches 84% of Ukraine’s ...

Belarus closed its borders yesterday afternoon with Lithuania, Poland and Ukraine Belarus closed its borders yesterday afternoon with Lithuania, Poland and Ukraine, reported Belarus’ State Border Committee, citing “the existing epidemiological situation in neighboring countries.” A...

Rada members must prepare new bills marked ‘urgent’ to restore anti-corruption legislation Rada members must prepare new bills marked ‘urgent’ to restore anti-corruption legislation invalidated Tuesday by the Constitutional Court, President Zelenskiy said yesterday in an emergency National ...

If the National Security Council identifies the Constitutional Court’s actions as a threat to Ukraine’s security, If the National Security Council identifies the Constitutional Court’s actions as a threat to Ukraine’s security, “Zelenskiy might propose a draft law that would reboot the court and fire all of its 1...

Court actions dismantling anti-corruption bodies drew fire yesterday from the EU and G-7 ambassadors in Kyiv Court actions dismantling anti-corruption bodies drew fire yesterday from the EU and G-7 ambassadors in Kyiv. Analysts say at risk are: visa-free access to the EU and the IMF Stand-by Agreement.

Foreign and national construction companies will be able to participate in up to $2 billion worth of contracts to rebuild 1,500 km of highways in Ukraine through 2023 Foreign and national construction companies will be able to participate in up to $2 billion worth of contracts to rebuild 1,500 km of highways in Ukraine through 2023, government officials announced y...

The first phase focuses on ‘brownfields’ – upgrading existing roads The first phase focuses on ‘brownfields’ – upgrading existing roads. These highway sections will be become Ukraine’s first toll roads, but will be “installment roads,” Krykliy said. Under this system ...

Ukraine’s PPP system is being developed with the advice of the World Bank’s IFC Group. Ukraine’s PPP system is being developed with the advice of the World Bank’s IFC Group. Since 2014, IFC has advised governments on 147 public-private partnerships, an effort expected to draw $33 billio...