The fourth Saturday of November is #Holodomor Remembrance Day. I am fasting and putting a candle in the window.
There seems to be a growing number of Ukrainians observing this, especially the younger ones.
Intolerance. Post-Soviet people are not always ready to understand or willingly tolerate people of other cultures, societies, religions, or sexualities.
Intolerance??? Does the author know nothing about the ubiquitous promotion of sexual deviance by Communists?
Or look up Bela Kun’s “Sexual Revolution” in Hungary.
Every year, on the fourth Saturday of November, Ukraine marks the Holodomor Remembrance Day for the victims of a famine in the Ukrainian Soviet Social Republic (Ukrainian SSR).
First official decree to establish the Holodomor Remembrance Day was signed in 1932-1933 by Ukrainian president of that time Leonid Kravchuk, ahead of the 60th anniversary of the Holodomor, which means “inflicting death by starvation.”
On November 26, 1998, second president of Ukraine Leonid Kuchma signed a decree on establishing the Remembrance Day of the Holodomor victims, which is observed annually since then.
In 2000, changes in the decree were made and the Remembrance Day of the Holodomor Victims was changed to the Remembrance Day of the Holodmor and Political Repressions’ Victims.
Following other edits in 2007, the name was changed back to the Remembrance Day of the Holodomor Victims.
I’ll post the whole thing, because I don’t want to lose it, and then the translation below.
Їх стільки що бере жах, їх гидко читати, але ми маємо це пам’ятати. Коли саме почалася деградація росіян не відомо, але історія зберегла факти їхніх злочинів.
1093р. – Київський літопис «Временник» писав: «Наш північний сусід Суздальщина є значно небезпечніший ворог, ніж половці».
1169 р. – Володимиро – Суздальский князь Андрій Боголюбський захопив і пограбував Київ. Літописець писав: « Суздальці так страшно зруйнували Київ, що татари не мали вже, що руйнувати 1240 року. Тобто, це була перша війна майбутньої Московії проти Києва. (И граби-ша за два дни весь град, Подолье, и гору, и манастыри, и Софью, и Десятиньную Богородицю и не бысть помилования никому же). У Києві на той час було 400 церков, і він був багатшим за тодішній Лондон та Париж. Андрій Боголюбський украв з Вишгородського монастиря (під Києвом) чудотворний образ Божої Матері, привезений колись із столиці Візантії – Царгорода. Пізніше москвини переіменували її на «Владимирскую Богоматерь». Багато істориків ввачають 1169 р., роком народження Московії.
Concorde Capital Ukraine Daily Nov. 17, 2017
Ukraine reform progress significant except anti-corruption, EU says
The international community’s patience is getting exhausted with the lack of practical results of Ukraine’s declared fight against corruption, said on Nov. 16 Johannes Hahn, the EU enlargement commissioner. In particular, he pointed to the few reviews performed of electronic assets and income declarations of government employees. “From what I understand, 1.5 million people declared their property,” he told the First National television network. “But if I’m not mistaken, only about 100 have been reviewed. One hundred out of a million and a half is not a result.” He called upon the Ukrainian government to improve its practical results. “The issue is not only in creating institutions or the presence of needed legislation, but in how it’s fulfilled,” he said.
Ukraine is making significant progress with reforms but needs to accelerate them, the European Commission declared in a recent report, as mentioned by the EU Representative to Ukraine on Nov. 15. Structural reforms have led to positive trends in the social and economic spheres, in spite of domestic and foreign challenges, said the report, as reported by the eurointegration.com.ua news site. These reforms include the pension, health and food production systems. Important legislative initiatives were also undertaken this year in the spheres of electricity, energy efficiency and decentralization, said the report, which reviewed Ukraine’s progress in fulfilling the Ukraine-EU Association Agreement since the last Association Council meeting in December.
Ukraine needs to continue to process of creating an independent Anti-Corruption Court, as well as fulfill the requirements of the next IMF tranche, A. Wes Mitchell, the recently appointed U.S. deputy secretary of state for European and Eurasian Affairs, told the Ukrainian president in a visit to Kyiv on Nov. 15. “It was nice for us to see several important reform laws being approved in Ukraine, but a lot more remains to be done,” he said.
Zenon Zawada: These recent statement continue much of the same story that has characterized the Poroshenko administration, which can be summed up as “too little, too slow.” The Ukrainian president has made an art form out of stretching the West’s patience to the extreme by resisting those reforms and anti-corruption efforts that threaten to restrict his power and authority. The artistry lies in knowing what he can get away with, and in which areas he has no choice but to concede to Western demands. The game will continue to succeed if Poroshenko keeps the Ukrainian public satisfied, enough for re-election in March 2019. However, the current “Rada Maidan” protest, and his weak poll standings ahead of elections, both threaten to ruin his political game.
Ferrexpo raises USD 195 mln in new debt
Ukraine’s largest iron ore pellet exporter Ferrexpo (FXPOLN, FXPO LN) attracted a new three-year credit facility of USD 195 mln with final repayment on 2020, the company announced in a Nov. 17 statement. The credit facility “will be used for general corporate purposes,” the company said. Also, CFO Chris Mawe pointed out that “the facility will significantly reduce the group’s average cost of funding and extend its debt maturity profile.”
Andriy Perederey: Ferrexpo has had strong debt metrics (net debt-to-LTM EBITDA was 0.96x at the end of1H17), which creates the ability to raise new debt facilities. The new credit line is positive for the company’s debt sustainability, as it needs to repay about USD 87 mln in 2H17 and USD 253 mln in 1H18 (including USD 173 mln in Eurobond amortization in April).
We expect the company’s total debt at the end of 2017 will be about USD 682 mln, or a 7.1% yoy decrease. But we retain our neutral view on Ferrexpo bonds, seeing both upside and downside risks to their price being balanced.
Metinvest to purchase 1,800 railcars
Ukraine’s largest steelmaker Metinvest (METINV) reported on Nov. 16 that it plans to purchase 800 railcars by the end of 2017 and 1,000 more railcars in 2018. After these purchases, Metinvest’s fleet of own railcars will reach 4,000 units, the company said, emphasizing that the decision to purchase railcars is related to the worsening deficit of rolling stock in Ukraine.
Dmytro Khoroshun: The railcars’ price will be important to consider. We estimate that a new gondola railcar might sell for about USD 34-38K per unit net of VAT, based on our analysis of Ukrzaliznytsia’s tender expectations and actual purchases in 2017, as well as Kryukiv Railcar’s (KVBZ UK) 2016 financial data. It would be negative if Metinvest acquires railcars at significantly higher prices. We are keeping our neutral view on METINV Eurobonds as we see a high refinancing risk for the next twelve months.
IMC reports 24% drop in 9M17 EBITDA
Farming company IMC (IMC PW) generated USD 81.5 mln in net revenue in 9M17 (a 2% yoy rise), according to its Nov. 17 report. As usual, corn remained the key revenue contributor, accounting for 74% of the company’s total revenue, or USD 60.0 mln.
The company’s cost inflation, which exceeded crop price growth, caused a 9% yoy decrease in gross profit to USD 51.1 bln. Furthermore, inflated SG&A costs (a 52% yoy rise to USD 13.3 mln) caused a 24% yoy decline in EBITDA to USD 42.8 mln. Net income declined 8% yoy to USD 27.6 mln in 9M17.
IMC continued to reduce its leverage, repaying net USD 16.4 mln in 9M17. Its total debt decreased 15% YTD and 8% qoq to USD 70.7 mln as of end-September. Its net debt amounted to USD 63.7 mln (-20% YTD), while its net-debt-to LTM EBITDA ratio was 1.4x as of end-September.
Alexander Paraschiy: As we expected, IMC’s EBITDA is worsening this year, and most likely it will be even weaker next year as the company had a weaker harvest of key crops in the current season. Nevertheless, we remain positive about IMC stock’s mid-term growth, taking into account the company’s strong balance sheet and appealing forward EV/EBITDA multiple of 3.6x.
Investors found bargains in Ukrainian equities on Thursday, Nov. 16. The WIG Ukraine Index of Warsaw-traded stocks climbed 1.9%, led by sunflower oil producer Kernel (KER PW, +4.8%). Dairy producer Milkiland (MLK PW) surged 11.3%. KSG Agro (KSG PW) advanced 4.5%, or 22.1% in two sessions. In London, iron ore miner Ferrexpo (FXPO LN) improved 1.3%, snapping a three-session loss streak. Natural gas E&P Regal Petroleum (RPT LN) plunged 20.7%, or 22.0% in two sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks increased 0.6%.
Ukrainian nationalists – members of the Karpatska Sich organisation – held an action under the Hungarian Consulate in Uzhgorod to prove that the right movement of Zakarpattia are not chauvinists, but rather seek to find points of contact and understanding with neighboring nations, including Hungarians.
In such a tense time for Europe and Ukraine, we can not tolerate manifestations of chauvinism among the European and Slavic nations. Liberals and capitalists keep sowing enmity between by using of provocative historical and cultural conflicts while the European space keep on being filled with migrants and degenerate ideas.
You have to compare #WilfredLaurierUniversity to this poor proletariat answering for his listening to Rock Music in Soviet times.
My Ukrainian relatives who knew communism would get scolded before a commission if caught blessing Easter baskets. I imagine it resembled this at Wilfrid Laurier University: #WilfredLaurierUniversity
Listen to the audio. She’s in tears. “I don’t even support Jordan Peterson.” . . . . “someone like Hitler or Milo.”
Applebaum, the media-anointed expert on Holodomor, says Trump is “neo-Bolshevik”
Donald Trump, Viktor Orban, Nigel Farage, Marine Le Pen and Jaroslaw Kaczynski: although they are often described as “far-right” or “alt-right,” these neo-Bolsheviks have little to do with the right that has been part of Western politics since World War II, and they have no connection to existing conservative parties. In continental Europe, they scorn Christian Democracy, which had its political base in the church and sought to bring morality back to politics after the nightmare of the Second World War. Nor do they have anything to do with Anglo-Saxon conservatism, which promoted free markets, free speech and a Burkean small-c conservatism: skepticism of “progress,” suspicion of radicalism in all its forms, and a belief in the importance of conserving institutions and values. Whether German or Dutch Christian Democrats, British Tories, American Republicans, East European ex-dissidents or French Gaullists, post-war Western conservatives have all been dedicated to representative democracy, religious tolerance, economic integration and the Western alliance.
By contrast, the neo-Bolsheviks of the new right or alt-right do not want to conserve or to preserve what exists. They are not Burkeans but radicals who want to overthrow existing institutions. Instead of the false and misleading vision of the future offered by Lenin and Trotsky, they offer a false and misleading vision of the past. They conjure up worlds made up of ethnically or racially pure nations, old-fashioned factories, traditional male-female hierarchies and impenetrable borders. Their enemies are homosexuals, racial and religious minorities, advocates of human rights, the media, and the courts. They are often not real Christians but rather cynics who use “Christianity” as a tribal identifier, a way of distinguishing themselves from their enemies: they are “Christians” fighting against “Muslims” — or against “liberals” if there are no “Muslims” available.
Massive blow to self-governing in Ukraine:
the parliament cancels transparent competition for heads of regional state administrations (incl governors) & hands the appointment back to the President.
A step away from much-needed decentralization, back to political corruption