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ONIC Weekly Report July 8 2019

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Office of the National Investment Council of Ukraine presents weekly reports as handy tools to keep track of the key news in business and investment climate in Ukraine and the world. The following report covers events dated July1-8, 2019

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ONIC Weekly Report July 8 2019

  1. 1. WEEKLY REPORT July 01st → July 08th, 2019
  2. 2. The Cabinet of Ministers of Ukraine on July 5 approved the results of tenders for signing production sharing agreements (PSA) on nine hydrocarbon fields. This will allow the country to realize the strategic goal of abandoning gas imports with full reorientation towards domestic gas consumption WEEKLY REPORT July 01st → July 08th, 2019 Business climate in Ukraine Oil Coal Natural Gas Iron Ore Copper Corn Wheat USD/bbl USD/ton USD/MWh USD/ton USD/bushel Macroeconomic indicators Source: Ukrstat, NBU 64.23 54.05 12.08 117.10 USD/ton USD/bushel 5890.25 4.42 5.15 The European Union is ready to provide Ukraine with the next tranche under the fourth program of Macro-Financial Assistance (MFA) in the amount of EUR 500 million after the necessary conditions are fulfilled The Cabinet of Ministers of Ukraine at a meeting on July 5 supported four draft agreements between Ukraine and the EU to attract additional financing of the social and economic sphere for EUR 86.9 million. Funds will be attracted for the social and economic renewal of Luhansk and Donetsk regions Ukrzaliznytsia places five-year eurobonds for USD 500 million at 8.25% per annum, which is significantly lower than the expected level. The demand was 5 times higher than the offer and reached USD 2.5 billion Ukraine has high hopes for the reform of the State Fiscal Service (SFS) by dividing it into the State Tax and Customs Service (STS and SCS) and focuses on the fight against money laundering and other violations, in particular, by creating for the first time an efficient transfer pricing unit Ukrainian President Volodymyr Zelensky has invited foreign investors to a forum on Donbas restoration. According to tentative estimates, Donbas restoration will cost over EUR 10 billion GDP growth +2.5% Export $16,364 Import $18,457 Industrial output 0.9% CPI 9.0% 1Q 2019, y-o-y Jan - Apr 2019 Jan - Apr 2019 y-o-y Jan – Apr 2019 Jan - Apr 2019 y-o-y Jan - May 2019, y-o-y May 2019 Jan - May 2019, y-o-y May 2019 UAH/USD (NBU, average) 25.87 Source: Ukrstat, NBU million +6.0% +9.3% +1.6% 9.6% million
  3. 3. According to results of the first tender over the past seven years for development of hydrocarbon deposits on the basis of production sharing agreements (PSA), American, Canadian and Ukrainian companies will invest about USD 430 million in exploration WEEKLY REPORT July 01st → July 08th, 2019 Ukrainian Business News World Business News Brewing giant Anheuser-Busch InBev (AB InBev) is seeking to raise up to USD 9.8 billion by listing its Asia-Pacific business in Hong Kong, marking what would be the world’s largest initial public offering this year The European Bank for Reconstruction and Development (EBRD) will issue a loan of EUR 20 million to Dniprovska agribusiness group, one of the largest poultry producers in Ukraine, for the reconstruction and expansion of the slaughtering house Innovation District IT Park in Lviv plans to attract loans from EBRD and IFC. The first phase with a construction area of 110,000 sq. m and the cost of about USD 180 million is scheduled for completion in 24 months. Canada's Brookfield & Partners is the majority shareholder of the project, and another investor is Horizon Capital A Ukrainian startup that has launched PatentBot, a chat bot to register patents and trademarks, has raised a new round of angel investment. In 2018, PatentBot entered the acceleration program of the Hong Kong Betatron startup accelerator and was valued at USD 750,000 Ukrainian Agricultural Policy and Food Ministry sent UAH 382.6 million to farmers under the livestock breeding support program for partial compensation of the cost of livestock facilities, enterprises for storage and processing of agricultural products The biggest investor in Aston Martin, Strategic European Investment Group, is considering buying another 3% stake, offering to increase its holding after shares in the luxury carmaker crashed almost 50% since its listing nine months ago Port operator DP World will buy Topaz Energy and Marine Limited for USD 1 billion from Standard Chartered and Renaissance Services. The deal is the latest in Asia-focused lender StanChart’s efforts to sell its private equity business as part of a broader shift away from direct investing U.S. real estate firm CBRE Group would buy British property developer Telford Homes for about 267 million pounds (USD 336 million) in a bid to expand into Britain’s apartment rental market. The deal is an attempt to tap into the budding build-to-rent market in Britain, which is in its infancy compared to the United States Shared office space manager WeWork Cos is looking to raise USD 3 billion to USD 4 billion in debt before it goes public. Money-losing WeWork has faced questions about the sustainability of its business model, which is based on short-term revenue agreements and long-term loan liabilities U.S. financial services provider Fidelity National Information Services (FIS) is set to gain unconditional antitrust approval from the European Union for its USD 35 billion bid for payments company Worldpay. The deal, announced in March, is the biggest in the fast-growing electronics payments industry The European Bank for Reconstruction and Development (EBRD) would provide a loan of EUR 19.7 million to build a solar power plant with a capacity of 55.4 MW in Chyhyryn, Cherkasy region

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