Sugar production in Ukraine as of December 5, 2017 amounted to 1.73 million tonnes, according to the Ukrtsukor National Association of Sugar Producers. “At present some 1.73 million tonnes of sugar has been produced and 12.11 million tonnes of sugar beets has been processed. According to the association, the sugar season will end by the … Read more
The Verkhovna Rada committee on agricultural policy and land relations has proposed amending the land legislation in terms of taxation so as to bring the land rent market out of the “shadows.” The committee’s deputy head, Oleksandr Bakumenko, wrote this on his Facebook page, citing his speech at a meeting between President Petro Poroshenko and … Read more
The National Bank of Ukraine (NBU), the National Commission for Securities and the Stock Market and the National Commission for Financial Service Markets Regulation have said that it is impossible to declare cryptocurrencies monetary units, currency and a payment unit of another country, currency valuable, e-money, securities or quasi-money within the current Ukrainian legislation. “We, … Read more
The National Bank of Ukraine (NBU) has revoked the banking license of PJSC Bank Financial Partner (Kyiv) after the financial institution had decided to terminate banking activities. The board of the central bank approved corresponding decision No. 769-RSh on November 30, 2017. As reported, the shareholders of Bank Financial Partner at an extraordinary meeting on … Read more
Avangard agricultural holding, as part of ongoing discussions with the various groups of creditors, has began work with a special committee of bondholders and its adviser on the proposal to restructure its eurobonds for $200 million with a 10% interest rate maturing in 2018. “The company expects that any restructuring of its debt, including eurobonds, … Read more
Net loss of Avangard agricultural holding, the largest shell eggs producer in Ukraine, totaled $20.83 million in January-September 2017, which is 46.3% less than a year ago. According to a company report on the London Stock Exchange published on Thursday, its consolidated revenue fell by 24.4%, to $83.99 million. Gross loss over the period totaled … Read more
The National Bank of Ukraine (NBU) on Wednesday placed 70-day deposit certificates for UAH 300 million, cutting the upper rate to 15% from 15.1% per annum set a week earlier. According to the NBU, the central bank satisfied applications of 11 banks, while a week ago applications of six banks for the same sum were … Read more
The enterprises of DTEK energy holding (including the Russian mine directorate Obukhovskaya) in January-September 2017 reduced coal production by 5.8% compared to the same period in 2016, to 21.011 million tonnes, in particular extraction at its Ukrainian assets amounted to 18.819 million tonnes (8.7% down). According to DTEK’s press release, concentrate output for the nine … Read more
Antonov State Enterprise (Kyiv) saw a 60.31% fall in net profit under Ukrainian accounting standards in January-September 2017 year-over-year, to UAH 28.78 million. According to a financial report posted on the enterprise’s website, net revenue over the period grew by 56.71%, to UAH 3.737 billion. The company said that in January-June 2017 net profit narrowed … Read more
The National Bank of Ukraine (NBU) has approved the application of StarMoney LLC (Kyiv), the subsidiary of the leading Ukrainian mobile communications operator Kyivstar, and authorized the company to act as an operator of the payment infrastructure, Kyivstar President Peter Chernyshov has said. StarMoney, the 100% subsidiary of Kyivstar, has finally received the status of … Read more