The National Bank of Ukraine (NBU) expects the country’s Finance Ministry will place $2.5 billion in eurobonds in 2018, $1.5 billion in eurobonds in 2019. “In 2018 and 2019, we expect that eurobonds worth $4 billion will be placed: $2.5 billion this year and $1.5 billion next year,” Deputy NBU Governor Dmytro Solohub said at a briefing in Kyiv on Thursday.
Agro-industrial holding Astarta, Ukraine’s largest sugar producer, wants to keep EUR 61.84 million in net profit for the financial year 2017 undistributed. This decision is on the agenda of a meeting of the holding’s shareholders scheduled for May 25.
In addition, the shareholders will consider the re-appointment of Viktor Ivanchyk, Viktor Hladky and Marc Van Campen as board members, along with the appointment of Gilles Mettetal as non-executive director and resignation of Vladyslav Bartoshevsky as non-executive director and deputy chairman of the board of directors.
Another issue on the agenda is the appointment of Zeljko Erceg as Chief Operating Officer of Astarta Kyiv LLC. He will temporarily head the company in case the entire board is temporarily unable to perform duties.
In addition, the shareholders may decide on the prolongation of the buyback program for another 18 months (from the date of the shareholders’ meeting). The company can buy out no more than 2.5 million shares at a price not higher than PLN125 per share.
The agenda also includes the issue of authorizing the board of directors to organize the issue of shares to the amount of up to 10% of current issued and paid-in share capital, as well as the restriction or cancellation of any existing pre-emption rights in shares. All actions are carried out within one year, starting from the date of the annual meeting of shareholders whose permission cannot be withdrawn.
Ukraine and India have signed new contracts worth $20 million to expand bilateral military and technical cooperation as part of the 10th international defense exhibition Def Expo 2018, which is taking place in Chennai (India) on April 11-14, the press service of the Ukroboronprom State Concern reported on Thursday. According to the report, following its participation in the first two days of the exhibition, Spetstechnoexport, part of Ukroboronprom, signed contracts worth about UAH 500 million.
“Representatives of the state-owned enterprise Spetstechnoexport, as part of Def Expo 2018, signed an agreement on cooperation with Indian state-owned company Bharat Electronics Limited. The agreement outlines cooperation between the parties as part of programs for the modernization and localization of the production of components for armored vehicles. Representatives of the Ukrainian and Indian defense industries are to be involved in the creation of a new a tank for the needs of the Indian Defense Ministry, the modernization of radar and air defense systems produced by the former Soviet Union, and joint research and engineering development, including in the sonar and radar directions,” reads the statement.
Bharat Electronics Limited is one of the largest Indian suppliers of defense products for the Indian Defense Ministry. Spetstechnoexport is one of the leading special exporters of Ukraine. It has been part of the Ukroboronprom State Concern since December 2010.
The Cabinet of Ministers of Ukraine has approved a financial plan of state-owned enterprise (SOE) Boryspil International Airport (Kyiv), the largest airport of the country, for 2018 with the projected net profit of UAH 1.388 billion. This is outlined in a government resolution passed at a meeting on April 11, 2018, a copy of which is available to Interfax-Ukraine.
According to the document, net revenue in 2018 is planned in the amount of UAH 3.93 billion, gross profit – UAH 2.156 billion, earnings before interest, taxes, depreciation and amortization (EBITDA) – UAH 2.473 billion, and EBITDA margin – 69.9%.
Pretax profit could be UAH 1.695 billion, payments to the state – UAH 1.923 billion and capital investment – UAH 2.263 billion.
Boryspil International Airport is the main airport of Ukraine. The airport has two runways: one with a length of 4,000 meters and a width of 60 meters, and the second with a length of 3,500 meters and a width of 63 meters. Four passenger terminals, postal and cargo complexes are located on the territory of the airport.
Ukraine and India are working out plans to expand military and technical cooperation in the field of military shipbuilding and are considering the possibility of organizing joint production of power equipment for ships of the Indian Navy, the press service of the Ukroboronprom State Concern has reported. According to the report, the promising directions of the expansion of Ukrainian-Indian military and technical cooperation in the field of military shipbuilding were discussed during negotiations between Ukroboronprom Head Pavlo Bukin and Chief of the Naval Staff of the Indian Navy, Admiral Sunil Lanba, as part of the tenth international defense exhibition Def Expo 2018, which is taking place in the city of Chennai (India) on April 11-14.
“The sides discussed the further participation of the Ukrainian defense industry’s enterprises in the modernization and development of the Indian Navy. In particular, they spoke about continuing supplies and establishing joint production of gas turbine engines, and the servicing by Ukrainian specialists of the Vikramaditya aircraft carrier, which was built by the shipbuilders of the Mykolaiv shipyard,” the report says.
It notes that during the talks Bukin also voiced the interest of the Ukrainian side in the joint production of ship and coastal radar systems, sea buoys, as well as the supply of spare parts for Indian ships and submarines.
“The commander of the Indian Navy expressed support and interest in cooperation with Ukrainian enterprises on a number of existing projects,” the press service said.
