On May 31, Ukraine will make payments for the first time on GDP warrants issued as part of public debt restructuring in 2015. This was reported by the press service of the Ministry of Finance.
The first payment will be $ 40.75 million. Taking into account the total notional or nominal amount for which GDP warrants were issued – $ 3 billion 239.32 million, the payment will be $ 12.58 for every $ 1,000 of the nominal value of these instruments.
GDP warrants were issued as part of the public debt restructuring in 2015 instead of Eurobonds worth $ 3.2 billion and are not part of the country’s public debt.
Payments for GDP warrants will be made annually in dollars, depending on the dynamics of GDP growth in Ukraine in 2019-2038.
If GDP growth for the year is below 3% or GDP is less than $ 125.4 billion, there will be no payments on paper. If the GDP growth is from 3% to 4%, the payment on securities will be 15% of the excess of GDP over 3%, and if above 4% – then another 40% excess of GDP over 4%.
Ukraine continues the systematic renewal of Ukrzaliznytsia’s rolling stock. As part of this effort, 100 new domestically produced railcars will be delivered, including compartment cars, inclusive-access cars, and next-generation cars with an extended service life of up to 20 additional years. This was announced by Ukraine’s Prime Minister Yuliia Svyrydenko. The total cost of the […]
U.S. company Meta has signed a first-of-its-kind agreement with Overview Energy to reserve generating capacity based on space-based solar power. This was announced in a press release by the startup. The initial orbital demonstration of the system is scheduled for 2028, with full commercial deployment planned for 2030. According to the statement, Overview’s satellites will […]
Automaker Stellantis is preparing a major strategic shift, concentrating its main investments on four key brands — Jeep, Ram, Peugeot, and Fiat. According to Reuters, citing sources, the new course is expected to be presented by CEO Antonio Filosa in May. These brands are set to receive significantly increased funding, as they generate the largest […]
The global oil market has lost more than $50 billion due to reduced production since the start of the war in Iran, which has been ongoing for nearly 50 days. This is based on calculations by Reuters and estimates from analysts. During this period, more than 500 million barrels of crude oil and condensate have […]
Tim Cook is stepping down as Chief Executive Officer of Apple after 15 years in the role. The company announced that John Ternus will succeed him, officially assuming the position on September 1, 2026. Cook will transition to the role of Executive Chairman. Ternus currently serves as Senior Vice President of Hardware Engineering. The company […]
Russian oil companies are reducing oil production due to drone attacks on oil ports and refineries, as well as following the halt of supplies via the Druzhba pipeline. This was reported by Reuters, citing five industry sources. In April, Russia’s oil production is expected to fall by 300,000–400,000 barrels per day compared to March, marking […]
Germany’s Deutsche Bank has informed the country’s financial regulators that it identified breaches of EU sanctions rules related to restrictions on Russian clients. This was reported by the British newspaper Financial Times, citing a source familiar with the matter. EU sanctions prohibit banks from accepting deposits exceeding €100,000 from Russian citizens, residents, and entities registered […]
Russia’s gas exports to Europe have continued to hit their lowest levels in over 50 years. From January to October this year, Gazprom supplied European customers with 14.7 billion cubic meters of gas, according to Reuters estimates based on data from the TurkStream pipeline. Compared to the same period in 2024 (26.6 billion cubic meters), […]
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A private venture fund for startups, Ukraine Phoenix Tech Fund, with a capital of €50 million, has been launched in Ukraine to support early-stage Ukrainian tech companies. The announcement was made by Minister of Digital Transformation Mykhailo Fedorov. He noted that the fund was established with the support of the European Investment Bank (EIB). “Today, […]
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The official Apple Support account on the Chinese social media platform Weibo accidentally posted a promotional video for the Samsung Galaxy Z Flip7 foldable smartphone. Users quickly noticed the incident, and the video spread rapidly online. Notably, the account PhoneArt on X (formerly Twitter) managed to record and share the moment where Apple, on its […]
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Microsoft founder Bill Gates has warned investors against buying the cryptocurrency Bitcoin. Bloomberg reports. “If you have less money than Ilona [Mask], you probably need to be careful. Ilon has a lot of money and he’s very advanced, so I’m not worried that his bitcoins will rise and fall chaotically,” Gates said. Gates fears that […]
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Member states of the International Energy Agency (IEA) have unanimously agreed to use one-third of their strategic reserves to “address disruptions in oil markets caused by the war in the Middle East,” according to a statement on the agency’s website. “The challenges we face in the oil market are unprecedented in scale, so I am […]
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British electric vehicle (EV) drivers may soon face a new tax that the government is expected to introduce later this month as part of its budget, BBC reports. According to government insiders, officials are discussing the introduction of a new levy on EV owners to offset declining tax revenues from petrol and diesel sales. Preliminary […]
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In the background of the general election in the United States world oil prices jumped.This is evidenced by trading data as of Monday morning, November 9. And what about the election, according to preliminary data in the presidential race the Democrat Joseph Biden wins. Thus, the price of January futures for Brent oil on the […]
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Deputy Head of the Office of the President Yulia Svyridenko has joined the Supervisory Board of Naftogaz of Ukraine. This is stated in the Cabinet. She is elected to the council as a representative of the state for a term not exceeding one year. As reported, the Cabinet of Ministers of Ukraine by order №494-r […]
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The state food and grain corporation of Ukraine (SFGCU) provided an active work on previous years receivables return. As Ukrsadprom association reported,229 million of UAH and the taken measures into accounts of the corporation were still returned. Andrew Kovalenko, deputy director of economic security department and financial risks of JSC SFGCU noted: “Practically all receivables […]
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There are no grounds for devaluation of the hryvnia to UAH 30 / $. This was stated by Finance Minister, Serhiy Marchenko in an interview with Focus. “I do not see the preconditions for the course to reach such a value. And I do not see any tools with which anyone can influence the course […]
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The Cabinet of Ministers has postponed the deadline for the mandatory use of payment terminals for Group 1 sole proprietors until the end of martial law and for an additional three months after it is lifted. Prime Minister Yuliia Svyrydenko announced this on Telegram. “The decision was made in response to appeals from small businesses, […]
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The net profit of one of the world’s largest investment banks JP Morgan Chase (USA) in January-September 2020 decreased by 39% compared to the same period last year and amounted to 16.995 billion dollars, according to the report of the investment bank. Adjusted earnings per share were $ 5.09 against $ 8.15 a year earlier. […]
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Jaguar Land Rover is preparing for a leadership transition as Chief Executive Officer Adrian Mardell has announced his resignation after three years at the helm and 35 years with the company. JLR confirmed the departure: “Adrian Mardell has expressed his intention to retire after three years as CEO and 35 years with the company. His […]
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Since the beginning of February, the market value of the American electric car manufacturer Tesla Inc. decreased by 34%. So, before the stock quote Tesla Inc. decreased following the fifth trading session in a row, losing a total of 21% during this period. The price of Tesla securities peaked on January 26, when the capitalization […]
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During a forum in Japan, Ukrainian and Japanese businesses signed memorandums and agreements totaling nearly $1 billion. This was announced by Ukraine’s Deputy Prime Minister for European and Euro-Atlantic Integration, Taras Kachka, during a national television broadcast. As reported, on August 3, a delegation led by Deputy Prime Minister Taras Kachka arrived in Japan to […]
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Difficulties in selling oil due to reduced purchases by India have led to a second consecutive monthly drop in Russia’s oil production, which fell to 9.28 million barrels per day in January. Bloomberg reports this, citing sources familiar with the data. This is nearly 300,000 barrels per day below the quota allocated to Russia under […]
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