Moody’s Investors Service on November 22 changed the outlook on the Government of Ukraine’s ratings to positive from stable. At the same time, Ukraine’s long-term issuer and senior unsecured ratings have been affirmed at Caa1.
“The affirmation of Ukraine’s Caa1 ratings reflects its – while showing signs of improvement – significant external vulnerability,” Moody’s said.
The sizeable external debt repayments due over the coming years would – in the absence of a new International Monetary Fund (IMF) programme – require continued market access. At the same time, the risk of a new flare-up in geopolitical tensions continues to constrain upward movement in the credit rating at this time.
The key drivers for the change in the outlook to positive are: the rebuilding of Ukraine’s foreign exchange reserves is reducing external vulnerability in the context of large external repayments; and the improvement of Ukraine’s macroeconomic stability and the prospect for renewed reform momentum is strengthening the country’s economic resilience.
Concurrently, Moody’s has affirmed the Ca rating on the $3 billion eurobond that Ukraine sold in December 2013. The sole subscriber of the notes was the Russian government. The bond is under dispute due to the international armed conflict between the two governments.
Finally, Ukraine’s long-term foreign currency bond and deposit ceilings remain unchanged at B3 and Caa2 respectively, while the short-term foreign currency ceilings for bonds and deposits remain Not Prime (NP). The country ceilings for local currency bonds and deposits are also unchanged at B3.
Everything you would expect and more from one of the best new year`s eve parties in fairmont grand hotel Кyiv.New Year’s Eve Countdown Party at Fairmont Grand Hotel Kyiv will definitely be the highlight of your year! Don’t miss the chance to bring in the new year in Kyiv’s most beautiful hotel. The night that will certainly become the best start of the year. We will dance, sing, make those cherished wishes, while the clock strikes midnight. And believe us all of those wishes will come true!ANATOLIY ANATOLICH will host the night away.
The atmosphere this evening create:
JAMALA — the winner of Eurovision Song Contest, the coach of “The Voice” (Ukraine) project.
LAUD — the breakthrough of the show “The Voice” (Ukraine), season 6, a singer that possess a rich timbre that fascinates millions, the most stylish voice of Ukrainian show business, the finalist of National selection of Eurovision song contest.
The night then continues as you dance away to lively beats courtesy of our DJ BOLOTIN.
A LIMITED NUMBER OF TICKETS ARE AVAILABLE, BOOK NOW!
MORE INFORMATION: +38 067 444 80 90
And what celebration can be without gifts? Tour operator “Alterego Travel”, our partner, will give away a VIP getaway weekend for two and lots more of different surprises from Fairmont Grand Hotel Kyiv, Elixir SPA Deluxe, VOGUE Café Kyiv, library-confectionary SWEET BOOK.
The TOP Outdoor advertising operator (Kyiv) plans to cover the entire territory of Ukraine in 2020, and plans to enter the international market in 2021. “Sooner or later, we will cover the entire country and plan to move beyond its borders. This is already in 2021, and for 2020 our plan is to go out and cover the whole country,” the co-founder and CEO of TOP Outdoor, Oleksiy Ohorodnik, said in an interview with the Focus publication.
According to him, the company currently offers digital outdoor advertising in Kyiv and Odesa and is in the process of entering the markets of Lviv, Kharkiv, Dnipro, Ivano-Frankivsk and Zaporizhia.
“We will focus on cities with about one million of population or at least half million of population,” added Ohorodnik, noting the low economic feasibility of development in smaller cities.
He also said that in addition to the main direction of the operator – advertising on media facades – there are plans to develop a “city format,” as well as interactive formats that provide for interaction with the audience.
In addition, the company is working on opening a software platform for managing content and interacting with advertisers, Ohorodnik added.
Top Outdor Ukraine LLC was established in 2017. According to the unified public register of legal entities and private entrepreneurs, the founders of the company are Ostap Schotkevych (70%), Ilia Strakh (15%), Ohorodnik (10%), Viktor Osadchiy and Oleksandr Svintozelsky (2.5% each).
Ukraine and Belarus are discussing building new interstate power lines and DC links for existing power lines, the press service of the Ministry of Energy and Environment Protection said after a meeting of the Ukrainian-Belarusian group for cooperation in the fuel and energy sphere. “At the meeting, the issue of building new electric power lines between the neighboring states was discussed. It was about the line between Rivne and Brest regions (Belarus). The issue of building DC links on the existing 330 kV overhead lines between the Belarusian unified power grid and the Ukrainian unified power grid was discussed: Mozyr-Chornobyl NPP and Gomel-Chernihiv,” the press service said.
Minister of Energy and Environment Protection Oleksiy Orzhel said that cooperation between the states in the field of electricity is one of the priority issues in the energy sector.
“Electricity is among the priority issues. Next February, Belarus NPP should start working. There may be an excess of electricity in which we are interested. Although, of course, the capacity of the interstate lines for electricity exchange must be taken into account,” the press service said, citing the minister as saying.
Also during the meeting, the issue of power supply to the border areas was raised, in particular, the involvement of 0.4-110 kV interstate power transmission lines in order to ensure supplies to the border areas under contracts between Belenergo and D.Trading LLC.
The Antimonopoly Committee of Ukraine (AMCU) is considering a repeat application of OH Holding Limited (Nicosia, Cyprus) for permission to acquire a share in Kyiv-based LLC Luxoptica Holding’s charter capital, which ensures over 50% of votes in the company’s highest governing body.
The committee in November 2019 began consideration of the relevant case on concentration, the AMCU said.
“OH Holding Limited and LLC Luxoptica Holding earlier lodged a similar application with the committee, after which the concentration case was opened in September this year. However, the applicants withdrew their applications and the case was closed,” it said.
Luxoptica is one of Ukraine’s largest optic chains, it has been operating on the market since 1994. According to the information in the state register, the final beneficial owners are Oleh Kalashnikov and Nadiya Shalomova. Other owners are Olena Biletska, Volodymyr Kononenko, Vitaliy Cherepanov, Inna Alter, Oleksiy Svystun, and Valeriy Devko.
On November, 23 and 24 Ancient Kyiv in the Principality of Kyivan Rus («The Kyivan Rus Park») invites to make a thrilling time travel in a thousand years ago and join the ancient rites of the ancestors. Slavic amusements, horse shows, horse riding, tasty dishes prepared on open fire and hot drinks, merry games and contests, fiery round dances will be waiting for the guests. And all of this in the atmosphere of living Middle Ages!
Ancient Kyiv opens at 10:00. The program starts at 13:30 and lasts till 18:000.
The ticket price: a full adult ticket – 190.00 UAH, for pensioners and students – 150.00 UAH; for schoolchildren – 80.00 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is situated in the vill. Kopachiv, Obukhiv district, Kyiv region. Route taxis leave from Kyiv from the «Vydybitchi» metro station
Detailed information on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for the adult ticket (at full price) to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».