The restructuring of failed agro-holding Mriya ‘does not inspire’ Alexander Paraschiy, head analyst for Concorde Capital, writes in a new report
Tuesday, October 9, 2018

The restructuring of failed agro-holding Mriya ‘does not inspire’ Alexander Paraschiy, head analyst for Concorde Capital, writes in a new report

The restructuring of failed agro-holding Mriya ‘does not inspire’ Alexander Paraschiy, head analyst for Concorde Capital, writes in a new report. Due to massive fraud, creditors and Eurobond holders ended up this year with only 3.3-4.1% of their original investment, he writes. After the creditor takeover of 2014, the company’s land bank was whittled in half, from 320,000 hectares to 162,000 hectares. Mriya insiders say local judges and police in Ternopil region repeatedly sided with the original owners, the Guta family. This history handicaps efforts by Ternopil officials to attract new foreign investment.

Previous post
Cigarette sales are down 11-12% through June, year over year

Cigarette sales are down 11-12% through June, year over year

Next post
Money sent home by Ukrainians working abroad totaled $5.5 billion during the first half of this year, up 31% year over year.

Money sent home by Ukrainians working abroad totaled $5.5 billion during the first half of this year, up 31% year over year.

Previous Main Topics