BNP Paribas S.A. (France) has increased its stake in UkrSibbank (Kyiv) to 60% from 59.99%, the Ukrainian bank reported in the information disclosure system of the National Securities and Stock Market Commission. According to the report, the securities were transferred from the accounts of minority shareholders to the account of the French bank under the … Read more
DCH Infrastructure & Real Estate, part of DCH Group belonging to businessman Oleksandr Yaroslavsky, has confirmed the possibility of acquiring the largest unfinished trade and entertainment center Respublika in Kyiv. “As part of the development of DCH Real Estate, we are considering various projects and assets, including Respublika,” the DCH press service told Interfax-Ukraine. At … Read more
The banking sector of Ukraine in 2017 posted UAH 24.4 billion of net loss, according to a February survey of the banking sector posted on the website of the National Bank of Ukraine (NBU). According to the document, PrivatBank and two banks with Russian capital mainly saw the loss. In 2017, the number of loss-making … Read more
A member of Ryanair board Juliusz Komorek has confirmed plans earlier announced by Ukrainian Infrastructure Minister Volodymyr Omelyan to launch flights from Ukraine in autumn 2018. “This is a real date. I hope this would happen,” he said in an interview with Poland’s Fly4free publication, adding that changes would be made to the routes announced … Read more
The resumption of lending to Ukraine by the International Monetary Fund (IMF) under the EFF program is the key issue for the survival of Ukraine, providing the country with some certainty and predictability for the near future, Managing Partner of ICU Investment Group Makar Paseniuk has said. “This is the scenario [obtaining the next tranche … Read more
Philip Morris International Inc. (PMI) cut cigarette shipments in Ukraine by 12.1% in 2017, to 19.356 billion cigarettes. According to an annual report of PMI published on Thursday that the total cigarette market in Ukraine in 2017 fell by 8.2%, to 67.1 billion, mainly due to the impact of price increases and an increase in … Read more
Astarta in the 2017/2018 marketing year (MY, September-August) reduced sugar production by 8%, to 463,000 tonnes compared to the previous MY, the company’s press service has reported. According to its information, Astarta plants processed about 3.1 million tonnes of sugar beets. The reduction of sugar production are due to a lower than planned sugar beet … Read more
Public joint-stock company Ukrzaliznytsia seeks to create a separate operator to manage railway stations in its structure. “Another innovation: we have a large number of railway stations. All these facilities and its operations should be centrally managed. The lease, use of stations, public private partnership – we plan to carry out this only through Prozorro.Sales,” … Read more
State-owned enterprise Mariupol maritime Merchandise port (Donetsk region) handled 5.882 million tonnes of cargo in 2017, which is 15.5% less than in 2016. The enterprise’s press service reported that over the period the port saw over UAH 186 million in net profit. “Among the difficulties that the port had to cope with in 2017 was … Read more
Ukrzaliznytsia plans to finish construction of the new Beskydsky tunnel on May 25, 2018 and starts new large-scale infrastructure projects for over UAH 10 billion, Ukrzaliznytsia acting Board Chairman Yevhen Kravtsov has said. “We plan to finish the project, which was to be completed this autumn, earlier. The Beskydsky tunnel is to be opened on … Read more