S&P Global cut Ukraine's credit rating to "selective default" on Friday after the country failed to make a coupon payment on an existing bond as it restructures its debt. The ratings agency cut Ukraine's long-term and short-term foreign currency (FC)
The number of deals in the Ukrainian M&A market increased by 4.2% in the first half of this year compared to the same period of 2023, while the value of deals jumped 31%, KPMG said. In absolute terms, the number of deals rose to 25 from 24
The European Bank for Reconstruction and Development (EBRD) will hold a final review on Sept. 11 on a possible €40 million loan to Ukrainian pet food producer Kormotech Group, which aims to build a second factory in Lithuania. The company, based in the western Ukrainian city of Lviv, will build
Ukraine has made a $201 million payment to holders of its GDP warrants, securities linked to the country's economic performance, that weren’t part of a $20-billion eurobond restructuring agreement with private creditors announced early this week, Bloomberg News reported, citing unnamed sources. The payment eases concerns
The European Investment Fund, part of the European Investment Bank Group, has put out a call for export credit agencies that want to work with its €300 million credit facility to promote exports from companies in European Union members to Ukraine. The fund, the risk-capital subsidiary of the European
Penny Pritzker, the US special envoy for the reconstruction and recovery of Ukraine, called for "whole-of-government reconstruction planning" in Ukraine to prepare for a surge of works to rebuild after the war. "The Ukrainian government has pieces of what is required to implement this type
The Ukrainian prosecutor general's office has launched an online tool that tracks investigations into crimes related to businesses in Ukraine in response to pressure from companies who complain of police inaction. The tool, which is open to the public, tracks and displays data on the number of registered
The United Nations Development Programme (UNDP) is calling for applications from charities and other non-profit groups in Ukraine to help carry out anti-corruption programs in 13 communities as part of a test project for the reconstruction of Ukraine. The project, funded by the government of Japan, is aimed
The Belgian government contributed €9 million to finance projects to rebuild and strengthen Ukraine's critical energy infrastructure under a program run by the United Nations Development Programme (UNDP). The money will go toward the repair and reconstruction of infrastructure affected by Russian attacks to ensure the continuation of
Penny Pritzker, the US special envoy for the reconstruction of Ukraine, visited Kyiv this week with Amentum CEO John Heller, Clayco Inc founder Bob Clark and Westinghouse CEO Patrick Fragman to meet with officials involved in the reconstruction effort. "I brought the private sector here, our CEOs, because our
Peace in Ukraine may be closer than most people suspect, says Timothy Ash. The associate fellow at Chatham House and senior sovereign strategist at RBC Bluebay Asset Management laid out five reasons for his belief in his latest blog post. Here is a much-abridged summary by Ukraine Rebuild Newswire:
Irish building materials giant CRH, which aims to buy the Ukrainian cement-making unit of Italy's Buzzi, must first agree to transfer a 25-28% stake in the unit to an independent investor, the Antimonopoly Committee of Ukraine (AMCU) has said. The €100 million purchase would give CRH,
The European Bank for Reconstruction and Development (EBRD) says its exposure to Ukraine poses "absolutely" no risk to the lender's triple-A credit rating, a senior bank official told the Reuters news agency Friday. EBRD Vice President for Banking Matteo Patrone said the bank is "
The European Union said it has sent to Ukraine €1.5 billion in proceeds generated from frozen Russian assets to help pay for the war and the reconstruction of Ukraine. The transfer marks the first such payment from profits derived from an estimated €210 billion euros in assets of the
Donald Trump, if re-elected as president of the US in November, could strengthen sanctions against Russia, bolster the US defense industry and create a $500 billion lend-lease program for Ukraine to end the Russian invasion, former US Secretary of State Mike Pompeo wrote in the Wall Street Journal.
Ukraine's central bank has updated its regulations to allow foreign investors direct access to market debt instruments earmarked for the reconstruction of Ukraine, such as local municipal bonds and infrastructure bonds. Under the new rules, the National Bank of Ukraine (NBU) can manage special accounts for foreign financial
