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UJ Week
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     Business    

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Fitch downgrades Ukraine's rating to 'C' from 'CC' amid debt restructuring

KYIV, July 25 – Fitch Ratings has downgraded Ukraine's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to 'C' from 'CC' due to the start of the eurobond restructuring process.


Rising labor costs to push Ukraine’s inflation up to 8.5% in 2025: NBU says

KYIV, July 25 – The National Bank of Ukraine (NBU) has worsened the price growth forecast for 2024 and 2025 by 0.3 and 0.6 percentage points (p.p.), respectively – to 8.5% and 6.6% primarily due to increased business costs for labor and electricity.


Old European equipment may help cover 10% of damaged DTEK power plants

KYIV, July 26 - DTEK Energy Holding, when restoring thermal power plants damaged by Russian strikes, can cover approximately 10% of the needs with equipment from old European stations, said the holding’s executive director Dmytro Sakharuk.


Russi’s billionaire Fridman won’t get proceeds from sale of Ukrainian assets

KYIV, July 26 – Mikhail Fridman, who is under Ukrainian sanctions, indirectly owns about 7% of Turkcell and will not receive any proceeds from the sale of its Ukrainian subsidiary lifecell's assets to DVL Telecom, which is connected to French billionaire Xavier Niel, according to the Antimonopoly Committee of Ukraine (AMCU), which approved the deal.


ENTSO-E works on increasing capacity for power supplies to Ukraine

KYIV, July 26 – The European Network of Transmission System Operators for Electricity (ENTSO-E), at the request of NPC Ukrenergo, is working on the possibility of increasing cross-border capacity for electricity imports from Europe to Ukraine and may make a decision before the onset of cold weather, said Board Chairman of the company Volodymyr Kudrytsky.


NBU forecasts Ukraine’s 2023 inflation to slow to 10.6% vs. 14.8%

KYIV, July 27 – The National Bank of Ukraine (NBU) has improved its inflation forecast for 2023 from 14.8% to 10.6% since July 28, the press service of the regulator said on Thursday.


Ukraine’s growth to accelerate to 2.9% in 2023: NBU

KYIV, July 27 - The National Bank of Ukraine raised the forecast for the growth of Ukraine's real gross domestic product in 2023 from 2% to 2.9%, but lowered it for 2024 from 4.3% to 3.5%, the central bank said on its website.


NBU cuts key policy rate to 22% from 25% as Ukraine’s inflation slows down

KYIV, July 27 – From July 28, the National Bank of Ukraine (NBU) decided to lower the key policy rate to 22% from the level of 25% at which it had kept it since June 6, 2022, in line with market expectations.


Office space leases increase 51% on year in H1 as tenants return: CBRE

KYIV, July 27 – In the first half of 2023, lease transactions were concluded for 69,000 square meters of offices in Kyiv, which is 51% more than the same period in 2022, follows from the CBRE study.


Ukrenergo chief urges households to buy power generators ahead of winter

KYIV, July 27 – Board Chairman of Ukrenergo Volodymyr Kudrytsky has said that the population of Ukraine should prepare or, if possible, buy power generators for the winter season, "just in case."


    Archive of Business
Currencies (in hryvnias)
  25.11.2024 prev
USD 41.32 41.29
RUR 0.402 0.410
EUR 42.99 43.47

Stock Market
  22.11.2024 prev
PFTS 507.0 507.0
source: PFTS

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