The number of bank branches in Ukraine in 2017 decreased by 8% compared to the beginning of the year, to 9,489 offices, according to statistics released by the National Bank of Ukraine (NBU). According to the NBU, the general trend towards the decrease in the number of offices has been maintained since 2012. The rate … Read more
Trade between Ukraine and Canada has grown by 60% following the entry into force of the free trade agreement between the two countries, Ukrainian President Petro Poroshenko has said. “There were many achievements in our relations with Canada. The free trade agreement that significantly accelerates and creates better conditions for the development of trade in … Read more
Mutual trade between Ukraine and Germany in 2017 grew by 21.5%, the press service of the Cabinet of Ministers of Ukraine has reported after a meeting of Ukrainian Prime Minister Volodymyr Groysman with representatives of leading German companies operating in Ukraine. “Last year the volume of mutual trade grew by 21.5%, and trade focus shifted … Read more
One of the former owners of PrivatBank (Kyiv) – Ihor Kolomoisky – has been extremely outraged with statements of the National Bank of Ukraine (NBU) about systemic frauds in the financial institution before it was nationalized. “Delirium, which there is no point in commenting on,” he told TSN.ua news service on Tuesday. At the same … Read more
Ukraine has joined Global Container Control Programme (CCP) of the United Nations Office on Drugs and Crime (UNODC) and the World Customs Organization (WCO), acting Head of the State Fiscal Service Myroslav Prodan has reported. “Today, together with UNODC Director of Policy Analysis and Public Affairs Jean-Luc Lemahieu and Head of the State Border Service … Read more
Kroll company has revealed the inconformity of an audit report of PricewaterhouseCoopers (audit) LLC (Kyiv, the Ukrainian structure of PwC) with real financial situation at PrivatBank, according to a presentation of the National Bank of Ukraine (NBU). “The secret structure in the bank carried out … numerous operations of bank fraud and fabrication of reports … Read more
PrivatBank, prior to its nationalization at the end of 2016, was the object of large scale and coordinated fraudulent actions, which led to losses of at least $5.5 billion, the National Bank of Ukraine (NBU) has said, with reference to Kroll hired for the forensic audit of the bank. “The results of an independent investigation … Read more
Agricultural production in Ukraine (excluding the temporarily occupied territory of Crimea and Sevastopol, part of the ATO zone) in 2017 decreased by 2.7% compared to 2016. According to the State Statistics Service, in the past year agricultural enterprises reduced production by 3.9%, households by 1.2%. In 2017, crop production decreased by 3.6%, livestock by 0.4% … Read more
The Ministry of Economic Development and Trade of Ukraine has lifted sanctions from the Russian coal supplier Yuzhtrans LLC (Rostov region), according to the website of the agency. The corresponding decision is stipulated in ministry resolution No. 1905 of December 29, 2017. As reported, sanctions against Yuzhtrans in the form of prohibition of foreign economic … Read more
Hungarian low cost airline WizzAir in 2017 transported more than 685,000 passengers to/from Kyiv and Lviv, which is 64% more than in 2016, according to a press release from the company. “The first international flight of WizzAir departed from Kyiv to London in 2008. Since then, the company remains faithful to Ukrainian passengers, offering more … Read more