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Defense minister most optimistic about Ukrainian corvette program

SEVASTOPOL, July 30 - Defense Minister Dmytro Salamatin says hes "most optimistic about the construction of Ukrainian corvettes.

Cabinet permits Ukragroleasing to borrow $300 million from EDC

KIEV, July 30 The Ukrainian cabinet has agreed to a proposal of the Agriculture Ministry and permitted National JSC Ukragroleasing to raise two credits worth $300 million each from Export Development Canada, secured by the state, to realize investment projects in the farming sector.

Government decides to sell stakes in 15 regional power companies

KIEV, July 30 - The government has decided to sell controlling stakes in 15 regional power distributing companies, Dmytro Parfemenko, the acting head of the State Property Fund, said Thursday.

Fitch affirms Metinvest B.V. long-term foreign currency rating

LONDON/MOSCOW, July 29 - Fitch Ratings has affirmed Metinvest B.V.'s Long-term
foreign currency Issuer Default Rating (IDR) at 'B' with a Negative Outlook.

The rating is constrained by Ukraine's Country Ceiling of 'B'. At the same time, Fitch has affirmed Metinvest's Long-term local currency IDR at 'B+' with a Stable Outlook.

Finance ministry considers restructuring Naftogaz foreign debt

KIEV, July 29 The appropriateness of restructuring Naftogaz Ukrayiny's foreign debt is being considered, Deputy Finance Minister Andriy Kravets told Interfax-Ukraine.

"It's too early to speak about any restructuring the issue is under consideration," he said.

Vorskla Steel signs EUR6.81 Hungary metal-rolling mill contract

KIEV, July 29 Vorskla Steel has signed a contract worth EUR 6.81 million under which 170 hectares of land in Hungary is to be allocated for the construction of a EUR 650 million metal-rolling mill, whose major investor is Ukrainian businessman Kostiantyn Zhevago, Hungarian mass media reported.

Finance ministry agrees to NBU bailout plan for Ukrprombank

KIEV, July 29 The Finance Ministry has said that it is inexpedient to capitalize Ukrprombank using state funds and agrees with the National Bank of Ukraine on the movement of deposits of individuals in Ukrprombank to the State Savings Bank of Ukraine (Oschadbank), the acting finance minister, Ihor Umansky, told the press on Wednesday.

DTEK to conduct IPO to raise investment in coal extraction industry

KIEV, July 30 - Donetsk-based Donbass Fuel-Energy Company (DTEK) is to conduct an IPO only as a holding that unites companies that form a vertically integrated chain for coal extraction and enrichment, electricity generation, distribution and supply.

SigmaBleyzer Investment Company merges with Kiev companies

KIEV, July 30 SigmaBleyzer Investment Company is merging Cyprus-based Aquorn Limited and Oisiw Limited, which manage Kiev-based Volia-Cable and a number of regional cable companies, into Volia Limited, according to a Tuesday press release of SigmaBleyzer.

Coal extraction at key mines to increase, says company official

KIEV, July 30 Coal extraction at Pavlogradugol and Komsomolets Donbassa Mine in 2008 could be around 18 million tons, exceeding the business plan target by 1.4 million tons, according to Vitaliy Butenko, Chief Strategy Officer at Donetsk-based Donbass Fuel-Energy Company (DTEK).

    Archive of Business
Currencies (in hryvnias)
  02.12.2022 prev
USD 36.57 36.57
RUR 0.631 0.631
EUR 37.27 37.27

Stock Market
  01.12.2022 prev
PFTS 519.2 519.2
source: PFTS


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