Archive for October 2014

The IMF predicted the economic recovery in 2015 and its growth by 1%. The Fund also expects inflation to 11.4% in 2014 and 14% in 2015.  Key creditor of Ukraine International Monetary Fund has retained voiced in July forecast economic decline of Ukraine in 2014 at 6.5%. This is stated…

European Union managed to avoid a possible interruption of preferential trade regime with Ukraine. October 20, the European Parliament’s International Trade at the second attempt agreed extension of trade preferences for Ukraine for 2015. According to the information, also agreed about the date of the Ukrainian question in the session…

Ukraine is hoping for support from the European partners of Ukrainian farming companies on the issue of raising the European Union’s quotas for Ukrainian agricultural products, Acting Minister of Economic Development and Trade Valery Pyatnytskiy said at roundtable on Tuesday. Ukraine hopes for increase in EU agricultural quotas / UNIAN…

Belarus is currently negotiating with Ukraine on the resumption of electricity imports, and the talks could result in contracts being signed in November or December, officals in Minsk say. UNIAN Belarus intends to import 1 billion kilowatt hours of electricity from Ukraine in 2015, First Deputy Minister of Energy of…

Standard & Poor’s rating agency has raised its long-term issuer credit rating on the Ukrainian capital city of Kyiv and its issue ratings on Kyiv’s debt to ‘CCC’ from ‘CC,’ the agency’s press service has reported. “The city of Kyiv repaid its Ukrainian hryvnia (UAH) 1.125 billion domestic bond series…

Ukraine’s government recently announced that it wants to sell a huge stake in its nuclear power holding and upgrade its capacity with foreign investment. However genuine interest is on both sides for modernization, the prospects for major expansion are dulled by lack of financing and technical limitations. More info www.kyivpost.com

Private gas companies are rolling back their investment programs over a hike in subsoil fees that was introduced by the government in August as an emergency tax-collecting measure. The government also is mulling whether to extend the tax beyond 2014, despite complaints from business that it has rendered much of…

Ukrainian tech companies Kwambio and Petcube received the highest recognition at Investor Day Central and Eastern Europe, a conference for startups that took place in Kyiv on Oct.9-10. Overall, as many as 19 startups took home prizes that range from mentorships to up to $19,000 in cash winnings. More info www.kyivpost.com

Refugees from the war-torn Donbas are driving demand for apartment rentals in Kyiv, boosting rent prices at least 15 percent in the last three months. In the apartment sales market, people from the two easternmost oblasts of Donetsk and Luhansk account for 70 percent of demand for apartment purchases on…

Mriya Agro Holding’s creditors appear to have lost patience with how the giant farmer was handling nearly $800 million-$1 billion in debt restructuring, and have called on $534 million worth of liabilities to be paid. According to an Oct. 14 notice of acceleration that Mriya published on the Irish Stock…