Business news from Ukraine

Business news from Ukraine

THIRD FIELD HOSPITAL FOR TREATMENT OF MILITARY AND DISPLACED PERSONS DEPLOYED IN LVIV REGION

The third field hospital for the treatment of military and displaced persons has been deployed on the territory of Lviv region, the press service of Lviv Regional Military Administration has reported.
“The mobile medical facility is designed for 50 beds and it was transferred to Ukraine by decision of the government of the Kingdom of the Netherlands,” the Administration said.
The hospital includes: an operating room, resuscitation beds, an intensive care unit, an X-ray diagnostics unit, a clinical laboratory with a blood bank, and an oxygen concentrator. The hospital is also equipped with an air filtration and purification system.
As stated in the message of Lviv Regional Military Administration, the hospital can work offline on a diesel generator, and with stocks of medicines and consumables for full load operation for a year.
At present, the formation of a staff of specialists continues. The hospital will employ doctors who have left the front-line areas, as well as doctors from Canada and the United States.
“Now they are staffing the hospital, and in connection with this, they have not yet started accepting patients,” Head of Lviv Regional Military Administration Maksym Kozytsky said.
This is the third field hospital deployed on the territory of Lviv region since the beginning of the Russian-Ukrainian war.

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UKRAINE’S EUROBONDS RISE BY 10.9%-16.6%

Eurobonds of Ukraine on Tuesday rose by an average of 14.4% on news of the results of negotiations between Kyiv and Moscow in Istanbul: if securities maturing in 2023 and 2024 grew in price by 10.6% to 12.5%, then growth prices of shorter and longer ones reached 17.2% and 16.6%, respectively.

According to Bloomberg at 19.00, the price of the shortest bonds maturing in September 2022 jumped by 17.2% to 62.4% of par, which corresponds to a yield to maturity of 154.7% per annum, while the previous day the rate was 221.6%.

Eurobonds maturing in 2023 were quoted at a rate of 62.1% per annum as a result of the rise in price, some 48.9% per annum in 2024, some 36.9% in 2025 and some 31.2% in 2026.

Rates on securities maturing in 2027-2029 fell to 27.7% to 22.8% against 31.5% to 26.2% a day earlier.

The yield of the “longest” securities maturing in 2032 and 2033 fell on Tuesday by 3.0 to 2.9 percentage points (p.p.) to 20.1% to 19.5% per annum.

Eurobonds maturing in 2026 were quoted with a yield of 33.8%, some 18.2% in 2030, which is 4.9 p.p. and 2.9 p.p. less than the day before.

The rate of GDP warrants on Tuesday jumped immediately by 20.6% and at 19.00 Tuesday was about 33.3% of the nominal value.

Positive results were also recorded for Ukrainian corporate eurobonds. In particular, MHP securities maturing in 2024, for which the issuer is now collecting holders’ consent for a 270-day deferral of the next coupon payment, rose by 10.7%, while their yield fell from 63.2% to 56.3%.

Eurobonds of DTEK RES with maturity also in 2024, according to information on the website of the Frankfurt Stock Exchange, increased in price by 2.25%, and their rate dropped to 76.4% per annum.

Following the talks in Istanbul, Turkish Foreign Minister Mevlüt Çavuşoğlu said that the delegations of Ukraine and Russia managed to achieve convergence of positions on some issues, and more complex topics will be discussed at the next rounds of negotiations between the Foreign Ministers of Russia and Ukraine.

This information was confirmed by representatives of the delegations. In particular, the Deputy Minister of Defense of Russia, Colonel-General Alexander Fomin, said that Russia’s military activity in Kyiv and Chernihiv areas would be reduced in order to increase mutual trust and create the necessary conditions for further negotiations.

Former Deputy Minister of Foreign Affairs of Ukraine Oleksandr Chaly from the Ukrainian side said that in the presence of clear legally binding guarantees to Ukraine, which in their content and form should be similar to Part 5 of the NATO Charter, “Ukraine will be in a position to fix its status as a de facto non-bloc and non-nuclear state in form of permanent neutrality.”

UKRAINE FORMS STRATEGIC FOOD RESERVES FOR SEVERAL YEARS

Prime Minister of Ukraine Denys Shmyhal says the government has formed strategic food reserves for several years in Ukraine.
“Food security. We have formed strategic food reserves for several years in Ukraine,” Shmyhal said at a government meeting on Tuesday.
The prime minister also said the state provided farmers with funds to purchase everything they need for the sowing campaign.
“We also help farmers with exports and will actively expand this area, as the country must earn,” he said.

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U.S. SECRETARY OF STATE BLINKEN: USA READY, IF NECESSARY, TO PARTICIPATE IN IMPLEMENTATION OF AGREEMENTS ON UKRAINE’S SECURITY

Washington is ready, if necessary, to take part in the implementation of the agreements between Moscow and Kyiv on the security of Ukraine, U.S. Secretary of State Antony Blinken said on Tuesday.

If there is any result, and US support for Ukraine can be part of this result, including support for its security and defense, then, of course, the United States wants to strive for this, Blinken said during a press conference with Moroccan Foreign Minister Nasser Bourita.

He added that the United States has not seen “signs of real seriousness” by Russia, but considers it a good signal if Kyiv sees them.

It is up to the Ukrainian partners to decide whether there are any changes or progress. If Ukraine has come to the conclusion that there are positive changes, then this is good, Blinken said.

UKRAINE INTERNATIONAL AIRLINES EXTENDS SUSPENSION OF FLIGHTS UNTIL JUNE

Ukraine International Airlines (UIA, Kyiv), taking into account the current military-political situation, extends the suspension of regular and charter flights from/to Ukraine until 23:59 May 31, 2022 Kyiv time, the carrier said in a press release on Tuesday.

Given the difficult situation under martial law, the air carrier draws attention to the possibility of forced delays and feedback complications on the service channels of communication with passengers and counts on understanding.

UIA emphasizes that it stays in touch and will continue to stay in touch with the Ministry of Foreign Affairs of Ukraine, the Ministry of Infrastructure of Ukraine.

All up-to-date information on the future status of flights will, if possible, be provided on the UIA official website.

Currently, passengers of canceled flights can take advantage of the following opportunities (taking into account the technical nuances in the conditions of martial law in Ukraine(sad) tickets reissue of flights that were canceled from February 24 to new dates after the stabilization of the situation; and cancellation of the booking so that the ticket remains active for reissuance to new dates, which can be specified later, during the validity of the ticket (one year from the date of purchase).

Passengers have the opportunity to receive a promo code for the full amount of the ticket, as well as to have a refund of the ticket price, but it is not possible to specify the exact terms of the refund. Passengers who applied for a promo code in March-April 2020 will automatically have their promo code extended for another year after April 15 (respectively, until March-April 2023).

Passengers who would like to receive a refund of the cost of the promo code will be given this opportunity. However, it is not possible to specify the exact refund dates, the airline said.

ANOTHER 150,000 PLACES AVAILABLE FOR REFUGEES IN WESTERN UKRAINE – SHMYHAL

Almost 500,000 places have been organized in the western regions of Ukraine to accommodate refugees from other regions, 150,000 places are still free, Prime Minister of Ukraine Denys Shmyhal said.
According to him, military administrations have already allocated ten land plots for the construction of temporary housing.
“With the help of the government, local authorities and with the support of our international partners, we will build temporary camps from modular houses. It will be possible to live in them for a year or two, during the hostilities and for the period of restoration of lost housing,” he said in an interview with Interfax -Ukraine.
The Prime Minister noted that 3.7 million people have already left the territory of Ukraine, but 400,000 of them have returned.
“Some are returning to defend Ukraine. Others saw that the Armed Forces stopped the aggressor, there was a certain stabilization of the front. That is, the returning process has begun. The government, in turn, began to develop a program aimed at making it easier for people to return home. People need housing, funds, work,” Shmyhal said.
He recalled that internally displaced persons can receive monthly assistance for living in the amount of UAH 2,000, while persons with disabilities and children can get UAH 3,000. In addition, employers receive UAH 6,500 for working employees.
In addition, persons who host refugees free of charge receive compensation for utilities under the Pryhystok program.