Official rates of banking metals from national bank as of December 23
One troy ounce=31.10 grams
Subsidiary of the state-owned company (SOE) Ukrspecexport – SOE Ukroboronservice and the design company of the Qatari port operator QTerminals W.L.L. – QTerminals Olvia LLC signed a memorandum of understanding and cooperation in the presence of Minister of Infrastructure of Ukraine Vladyslav Krykliy.
The press service of the Ministry of Infrastructure said on Tuesday evening, the parties will work intensively to ensure proper implementation of the concession agreement and further efficient and profitable operation of the port.
“Olvia specialized seaport is our second concession project, under which we hired the world’s leading operator – Qatari company QTerminals, which manages the largest commercial port of Qatar – Hamad with the value of more than $7 billion. Today, the design company of the concessionaire QTerminals Olvia and Ukroboronservice signed the first memorandum of understanding and cooperation within the framework of this concession, which is an important achievement of the transition period,” the ministry’s press service said, citing Krykliy.
The minister said that, among other things, the document regulates issues related to the common use of infrastructure facilities, and will help the parties to unite efforts to develop strategic infrastructure around the port.
According to him, QTerminals Olvia LLC and SOE Ukroboronservice will jointly make efforts to carry out reconstruction and dredging works, increase the capacity of approach roads and the railway that leads to the port. And the Ministry of Infrastructure, as a concessionaire, will provide ongoing support to the concessionaire in establishing cooperation in the concession project with other state-owned enterprises.
The memorandum also provides for measures aimed at cooperation of the parties with local authorities and public authorities of Mykolaiv region, state-run enterprises and departments in order to ensure sustainable development, as well as the investment attractiveness of the region in which the project is being implemented.
Number of unemployed in Ukraine and job opportunities, May 2019-Oct 2020.
OKKO Group Holding plans to start construction of a ski resort in 2021 on the territory of the Slavske amalgamated territorial community (Lviv region).
Taras Lozynsky, the deputy head of the department of tourism and resorts of the Lviv Regional Administration, told Interfax-Ukraine that the investment will amount to $500 million.
“This is a very long-term project that will last about four years. It will start in 2021. Now all issues with the land have been resolved, the next step is the development of the project, design estimates and the start of construction work,” he said.
According to Lozynsky, the resort will be built 15 km far from Slavske in the villages of Verkhnia Rozhanka and Volosianka.
“Austrian experts came to study the slopes, the height of the mountains, infrastructure and these settlements were included in the strategy,” he said.
“OKKO registered all its shares in Slavske and, accordingly, the tax paid by the company remains here in the community. These funds will be reinvested in the development of ski infrastructure, in the Slavske brand, in road repairs and community development,” Lozynsky added.
According to him, the resort will be eight or nine years ahead of Bukovel in technical development. The complex will include over 60 km of skiing pistes. The project will be implemented in three stages.
OKKO Group is an all-Ukrainian holding, the flagship of which is the network of OKKO filling stations (Concern Galnaftogaz). The OKKO Group includes more than 10 diversified businesses in the field of production, trade, construction, insurance, service and other services.
The holding also includes the Vash Dom housing construction company, which is engaged in the design, construction and implementation of housing projects.
The shareholders and institutional investors of the holding companies are the European Bank for Reconstruction and Development, GoldmanSachs, Horizon Capital, Renaissance Capital, Genesis AssetManagers, LLP, and others.
The international vertically integrated pipe and wheel company Interpipe concluded an agreement with JSB Ukrgasbank to sign a general loan agreement for the amount of EUR 37 million.
According to a company’s press release, the general agreement provides for a EUR 30 million amortized loan for five years and a revolving credit line for EUR 7 million for three years.
Interpipe Chief Financial Officer Denys Morozov said that Interpipe has raised its first loan after completing the debt restructuring in October 2019.
“It has been obtained as part of the implementation of the Company’s strategic goals and allows reducing the interest burden for the Company. We are especially pleased that the financing for the Ukrainian industrial company has been secured at the Ukrainian state bank Ukrgasbank that is known as Ecobank and has been financing a wide range of environmental and green projects. We intend expanding our cooperation with the bank in other areas as well,” Morozov said in a press release.
As reported, Interpipe announced the decision to carry out the next partial redemption (buyout) of eurobonds 2024, this time in the amount of $74.82 million. The redemption is scheduled to be carried out by December 29 this year.
The state-owned Oschadbank (Kyiv) on December 18 attracted UAH 8 billion at the tender of the National Bank of Ukraine (NBU) for 90-day refinancing at 6%, according to the NBU’s website on Monday.
According to the NBU, the regulator also satisfied the applications for refinancing the banks Sich (UAH 250 million), Avangard (UAH 50 million) and Concord (UAH 36.6 million).
According to statistics, in general, starting from April 30, 2020, the NBU held 31 auctions for 90-day refinancing for a total amount of about UAH 45.886 billion. The tenders scheduled for June 5, July 10 and September 11 did not take place due to a lack of bids.
In addition, starting from May 8, the National Bank held eight refinancing tenders for a period of one to five years for a total amount of about UAH 48.53 billion.
According to the schedule of tenders published on the NBU’s website, the next refinancing auction for a period of up to 90 days will take place on December 24, for a period of one to five years on January 15, 2021.
