The legal registration of PJSC Football Club Shakhtar in Mariupol will help bring an additional UAH 200 million to the city’s budget every year, Mariupol Mayor Vadym Boichenko has said. “The Mariupol mayor appealed to FC Shakhtar’s president, and the latter personally decided to register the football club in the city of Mariupol. Rinat Akhmetov is sure that this symbol of our land should be here in eastern Ukraine. He is deeply convicted that while Shakhtar cannot play at the Donbas Arena, but it is right here and it will help develop the football and sports infrastructure of Mariupol,” he said.
Boichenko said that this decision would be taken as part of the sports development program in Mariupol, which the city authorities and FC Shakhtar will present and approve on March 5. “Based on the official statistics of our tax service, we are talking about additional income in the city of Mariupol of about UAH 200 million,” the mayor said, speaking about the effect of FC Shakhtar’s registration in Mariupol.
According to the single state register of legal entities and individuals, FC Shakhtar is now registered in Mariupol at 71A Sechenova Street. The club was previously registered in Donetsk at 86A Artema Street.
JTI Ukraine, part of JTI Group headquartered in Geneva (Switzerland), will start exporting finished products to Taiwan in 2018, JTI Ukraine General Manager Paul Holloway has said. “This year Taiwan is new for us. In March-April 2018, we will start exporting our products that would be made at the Kremenchuk factory,” he told reporters in Kyiv on Monday.
At present, the company exports cigarettes to Georgia, Azerbaijan, Armenia, Moldova, Mexico, Jordan, Korea (Duty Free), Cote d’Ivoire and Guinea. The share of exports is 34%, the rest of the products is sold on the domestic market. According to the company’s information, in 2017, it exported products for $103.3 million against $114.1 million in 2016.
The aggregate state (direct) and state-guaranteed debt of Ukraine in January 2018 decreased by 0.25%, or by $190 million, to $76.11 billion, according to the website of the Ministry of Finance.
In the national currency the state debt decreased by 0.46%, or by UAH 9.82 billion, to UAH 2.132 trillion.
According to the report, public debt in January fell by 0.04%, to UAH 1.833 trillion (in dollars it grew by 0.17%, to $65.44 billion), in particular external rose by 0.67%, to UAH 1.088 billion (in dollars by 0.88%, to $38.83 billion).
The state-guaranteed debt in January declined by 2.94%, to UAH 298.9 billion (in dollars it decreased by 2.74%, to $10.67 billion), in particular external debt by 3.08%, to UAH 285.6 billion (in dollars by 2.88%, to $10.2 billion).
The European Commission has adopted a proposal for a new macro-financial assistance (MFA) program for Ukraine worth up to EUR 1 billion to support economic stabilization and structural reforms. According to the website of the European Commission, this will be the fourth macro-financial assistance program for Ukraine, which is subject to approval by the European Parliament and the Council of the European Union.
“Today’s proposal follows a request from the Ukrainian authorities and direct discussions between Commission President Jean-Claude Juncker and Ukraine’s President Petro Poroshenko. The new program seeks to build on the progress made in supporting economic stabilization and structural reforms under the three previous MFA operations,” .
European Commission Vice-President Valdis Dombrovskis said that Friday’s proposal on the fourth Macro-Financial Assistance program shows the EU’s commitment to stand with the people of Ukraine. He also said the Commission is counting on the European Parliament and Member States for their support for this program. The Commission said that the disbursements under this program would depend on the implementation of reforms in Ukraine.
“All disbursements under the proposed program, including the first, would be conditional on the implementation of reform measures designed to address vulnerabilities identified in the Ukrainian economy. Established in a Memorandum of Understanding, they would take into account measures that remain outstanding from the previous MFA program and include steps to intensify the fight against corruption,” the European Commission said.
Kyivstar mobile communications operator has proposed the largest price of UAH 1.512 billion at the voice auction to receive 4G communications licenses for the 1800 MHz radio frequencies spectrum for lots four and six, allowing the operator to use radio frequencies in the 1770-1775/1865-1870 MHz and 1775-1780/1870-1875 MHz wide spectra.
“We have bought a contiguous band – two neighbor spectra for reasonable money. I think that this is cool for business,” Kyivstar President Peter Chernyshov told reporters after the auction on Tuesday.
He also said that the company had many various scenarios how to behave at the auction, although during the auction they had to be quickly revised.
“We did not expect that the third bidders would do nothing. No one expected this. However, we received the widest spectra and we are glad about it,” Chernyshov said.
He also said that according to the auction rules, for providing the uninterrupted services to subscribers Kyivstar, using the primary purchase right, bought lot two for UAH 1.325 billion, which along with the acquisition of two lots by voices allowed the operator to have the widest spectrum.
“Kyivstar was the donor of frequencies and voluntarily gave some of its spectra. Other operators would pay compensation of UAH 44.886 million to the company,” the company said in a press release.
Myronivsky Hliboproduct (MHP) is currently studying the situation in the market for the possible refinancing of eurobonds with a circulation term of up to 2020, financial director of the holding Viktoria Kapeliushna has reported. “We have approximately $500 mln eurobonds with maturity in 2020 and we are thinking about possible refinancing. It will depend on the situation in the financial market,” she said during a conference call with investors.
“We would like to provide a transaction to extend the maturity of our current eurobonds,” she said.
How quickly the company will be able to come up with the appropriate offer will depend on the situation in the external debt market, she added. As reported, MHP on the results of a tender for the purchase of eurobonds for $750 million with maturity on April 2, 2020, held in May 2017, received proposals to purchase securities for $245.2 million.
After redemption, the volume of the issue in circulation decreased to $504.8 million. At the same time, the holding issued new eurobonds worth $500 million with maturity up to 2024 and a coupon rate of 7.75% per annum. These two issues of eurobonds account for more than 86% of the company’s gross debt, which as of December 31, 2017 amounted to $1.157 billion.
Myronivsky Hliboproduct is the largest poultry producer in Ukraine. It is also engaged in production of cereals, sunflower oil, and meat.
