Analytics
January 17 – 23, 2017
  • The Parliament has passed an IMF-required privatization law and the President has nominated a new NBU governor
  • An independent forensics audit by Kroll has confirmed NBU fraud claims regarding Privatbank
  • Kernel 2Q18 operating update: temporarily weak financials likely ahead
  • Credit rating changes: Fitch has upgraded Ferrexpo to ‘B’ (positive outlook) and S&P has assigned a ‘B-’ to Metinvest (outlook stable)
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December 13 – 19, 2017
  • The NBU has increased the discount rate by 100bps to 14.5%
  • Ukraine has submitted an application to receive a new MFA loan from the EU
  • Real GDP growth in 3Q17 reached 2.1% YoY
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December 6 – 12, 2017
  • The Parliament has passed the 2018 central budget containing a deficit of 2.5% of nominal GDP
  • Consumer inflation landed at 0.9% MoM and 13.6% YoY in November
  • Ukraine has prolonged the farmland sale moratorium but came closer to establishing an anti-corruption court
  • Metinvest has announced its intention to direct $6.5mln towards early payment of eurobond interest
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November 29 – December 5, 2017
  • Ukraine’s CA deficit increased by $228mln YoY to $408mln in October
  • Foreign currency reserves of the NBU increased by 1% MoM to $18.9bln at the end of November
  • Avangardco reported 3Q17 results: EBITDA fell by $3mln YoY to - $1mln
  • DTEK 3Q17 EBITDA increased by 18% YoY and 10% QoQ to $189mln
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November 22 – 28, 2017
  • Output of key economic sectors decreased by 2.2% YoY in October
  • Metinvest’s 3Q17 unaudited EBITDA increased by 45% YoY to $466mln
  • Kernel Holding’s 1Q18 EBITDA ex IAS41 increased by 11% YoY to $43mln
  • The city of Kyiv has agreed to restructure its $101mln of holdout debt without applying a haircut
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