The World Bank has published a study on global changes in the world of work. Among other things, analysts rated 157 countries on the subject of the Human Capital Index, which was calculated based on the level of education and health care in the country – Ukraine took the 50th place in the compiled ranking. … Read more
Verkhovna Rada has decided to extend the preferential treatment of the importation of electric cars until the end of 2022. The corresponding changes are provided for by law No. 9260, which was supported by the deputies. Preferential treatment provides for the abolition of payment of VAT (20% of the value of the car) and excise … Read more
Fairfax Financial Holdings Limited (Fairfax, Canada), which announced the acquisition of 100% of shares in AXA Insurance, does not plan to merge it with its insurance company Colonnade Ukraine, operating on the Ukrainian market, First Vice President of AXA Insurance Andriy Peretiazhko said at a press conference on Tuesday. He said that Fairfax is a … Read more
AXA Group (France) has announced the sale of 100% of AXA Insurance and AXA Life Insurance to Fairfax Financial Holdings Limited (Fairfax, Canada), the group said in a press release. According to the report, 50% of AXA Insurance belongs to UkrSibbank. Fairfax, headquartered in Toronto (Canada), is a financial services holding company that through a … Read more
Ukraine has occupied 17th place in the updated Open Data Barometer for 2017. This ranking is compiled by the World Wide Web Foundation by the way of comparing data openness in the countries throughout the world. In 2017 the scope of the survey was reduced: the ranking included 30 states, which signed the International Open Data Charter. … Read more
S&P Global Ratings affirmed its ‘B-/B’ long- and short-term foreign and local currency sovereign credit ratings on Ukraine. The outlook is stable, S&P has reported. “We expect the new arrangement will aid Ukraine’s efforts to cover sizable external debt obligations maturing next year, and also help to anchor macroeconomic policies through the 2019 presidential and … Read more
The Antimonopoly Committee of Ukraine (AMC) has permitted Dragon Capital Investments Limited (Nicosia, Cyprus) and The Goldman Sachs Group (New York, the United States) to acquire indirect control over Royal-Rent LLC (Kyiv), the press service of the regulator has reported. As reported, Royal-Rent LLC owns the Kyiv shopping and entertainment center Aladdin with an area … Read more
Nibulon will invest $19 million in construction of a river transshipment terminal in Ternivka (Zaporizhia region). According to a posting on the company’s website, the launch of the terminal is scheduled for June 2019. Along with the terminal, the project envisages construction of a berth of over 3 km long and dredging works on the … Read more
The Warsaw court (Poland) on October 3, 2018 declared groundless the lawsuit of the State Treasury of Poland against Zaporizhia Automobile Plant (ZAZ) seeking to collect some PLN 250 million (over $70 million) for not meeting commitments taken during the purpose of a state-owned stake in Poland’s FSO automobile plant in 2005. “Thus, the arguments … Read more
Ukrainian President Petro Poroshenko has signed a bill amending some Ukrainian laws regarding preserving Ukrainian forests and preventing illegal imports of rough timber, according to a Wednesday posting on the official website of the head of state. The law increases fines for illegal logging and causing damage to forests and young trees by several times. … Read more