Ukraine Flash Notes

Amid Positive News and Legal Threats

January 25, 2017BancTrust & Co. Research Team

Expectations on Ukraine are getting bigger this year, since harder times seem to have passed. The first positive result of the year shows us that the Consumer Price Index (CPI) in 2016 remained in line with the National Bank of

Ukraine Flash Notes

2017: An Opportunity for Further Improvement

December 23, 2016BancTrust & Co. Research Team

During 2016, the Ukrainian economy has demonstrated some advance, and the latest results hint towards positive perspectives. According to the State Statistic Service of Ukraine, GDP increased 2% y-o-y and 0.5% q-o-q in 3Q16 while accumulating a 1.2% YTD increase.

Ukraine Flash Notes

The End of Yatsenyuk’s Road

April 11, 2016Hernán Yellati, Guillermo Quiroga & Oriana Covault

Prime Minister Arseniy Yatsenyuk announced his resignation on Sunday Parliament speaker Volodymyr Groysman is expected to be the next Prime minister, while Natalie Jaresko would be leaving the finance Ministry It remains to be seen if the new government will

Ukraine Flash Notes

Baby Steps

September 28, 2015Guillermo Quiroga & Hernán Yellati

· Ukrainian Central Bank cut borrowing rates from 27% to 22% · International Financial Institutions lent Naftogaz USD500mn to begin gas imports after Ukrainian-Russian gas deal is signed · A Dutch referendum could bring down trade with the country’s 3rd

Ukraine Flash Notes

Debt Under Control?

September 24, 2015Guillermo Quiroga & Hernán Yellati

• Ukraine froze payment on an USD500mn principal due 20 September • Ukraine is on a “potential moratorium” according to ISDA. A meeting on Friday could lead to CDS payments, but we see it unlikely • Seems like the country

  • Wednesday, July 19 2017
    Venezuela

    -The National Assembly (AN in Spanish) approved the final reports on the popular consultation of 16 July and the candidates for magistrates of the Supreme Court (TSJ in Spanish). The latter is part of the process of one of the main items of the current agenda of “zero hour” established by the opposition party Democratic Unity Roundtable (MUD in Spanish), as the legislators expect to exercise their constitutional ability to name – on Friday 21 July – new magistrates and thus actively repudiate the current Supreme Court and i

    Read More >>
  • Tuesday, July 18 2017
    Venezuela

    - Following the results of the public consultation election on Sunday, the Democratic Unity Roundtable (MUD in Spanish) called for a 24-hour national strike on Thursday in protest against the National Constituent Assembly (ANC in Spanish) proposed by the administration of Nicolas Maduro. Furthermore, Freddy Guevara, deputy President of the Congress, said they expect to name the new magistrates of the Supreme Court on Friday. We can anticipate this move will not be acknowledge by both the government and the Supreme Court, but will u

    Read More >>
  • Thursday, July 13 2017
    Venezuela

    - S&P Global Ratings, following its Tuesday action of downgrading Venezuela’s rating, yesterday decided also to downgrade the corporate credit of Corporacion Electrica Nacional, better known as CORPOELEC (former ELECAR). The action resulted in a downgrade from “CCC” to “CCC -“while also maintaining the negative outlook. In detail, the rating agency argued that they are taking this action against the corporate as a result of the sovereign’s downgrade, as it reflects that this is a “government-related entity” (GRE

    Read More >>
  • Wednesday, July 12 2017
    Venezuela

    - A US appeals court blocked Exxon Mobil Corp from enforcing a USD1.6bn award against Venezuela for an asset seizure back in 2007. The court ruled that the judge made a mistake in excusing Exxon from complying with procedural requirements to enforce the October 2014 ruling. In this way, the court supported Venezuela’s point that Exxon should have tried to enforce the award under the federal Foreign Sovereign Immunities Act (FSIA), instead of streamlined procedures. All-in, Exxon's petition was dismissed without prejudice, meaning

    Read More >>

Contact Us

Let us know what can we help you with

Capital MarketsGlobal MarketsResearch & Strategy

Name *

Last Name *

Phone *

Your Email *

Comments

Enter the words: captcha

* Required Fields

ACCESS AND DISTRIBUTION RESTRICTIONS

Our Research and Analysis Reports are not directed at or intended for use by any person resident or located in any jurisdiction where (1) the distribution of such information or functionality is contrary to the laws of such jurisdiction or (2) such distribution is prohibited without obtaining the necessary licenses or authorizations by the relevant branch, subsidiary or affiliate office of BancTrust & Co. and such licenses or authorizations have not been obtained.