The Ukraine Recovery Conference in London, which will be held in June,
is expected to showcase specific projects prioritizing Ukraine’s restoration
efforts in order to attract international partners for financing and
implementation. Additionally, the conference will unveil a digital ecosystem,
DREAM, designed to manage the recovery processes. This system aims to ensure
transparency in reconstruction endeavors by tracking all project stages, from
planning and approval to funding, procurement, construction, and commissioning.
Furthermore, discussions are set to take place between the Ukrainian side,
representatives of partner countries, and international financial organizations
regarding mechanisms to support the accessibility of war risk insurance.
Amid this somewhat optimistic background, the UX index gained by 1% to
1755 points, driven by a 6.7% increase in Raiffeisen Bank (BAVL) shares to 32
kopecks. On the downside, DonbasEnergo (DOEN) fared worse, experiencing an 11%
decline to UAH 34.80.
Quotes for CentrEnergo (CEEN) inched up by 0.2% to UAH 5.00 per share
following mixed news that the company’s supervisory board is once again
changing its CEO. The previous executive held the position of acting CEO for
only six months.
Among stocks traded on foreign exchanges, there was a 5.3% decline in
Ferrexpo (FXPO) to GBp 99 last week. Consequently, Ferrexpo shares have already
lost 37% of their value since the beginning of the year, a trend we attribute
to the company’s limited export capabilities and negative publicity surrounding
legal proceedings involving its primary owner.
In Warsaw trading, Kernel (KER) rebounded by 4.3% to PLN 16.10 ahead of
the delisting while Astarta (AST) shed by 0.8% to PLN 32.95.
POLITICS AND ECONOMICS
Ukraine’s Public Debt Increases by USD 13bn in Jan-Apr to USD 124bn,
Implying 71% Debt/GDP Ratio
The National Bank of Ukraine has
opened a special fundraising account to support the Armed Forces of Ukraine.
Please find more at the National Bank’s official website
under the link below:
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or comments you may have regarding our research products.
Please contact us by email:
Dmitry Churin, Head of Research,