Ukraine is preparing a program for the modernization of military transport An-70 aircraft with a maximum cargo capacity of 47 tonnes in the framework of a new international cooperation involving Saudi Arabia, the UAE and Turkey. According to the press service of Ukroboronprom state concern, plans for cooperation within the An-70 program became one of … Read more
Ukraine’s Ministry of Finance has agreed on cooperation with the International Finance Corporation (IFC) in the framework of privatization of JSC Ukrgasbank. According to the signed memorandum, in which Ukrgasbank itself also acted, the Finance Ministry confirms its intention to completely withdraw from the bank’s capital, while the IFC intends to provide consulting services to … Read more
JKX Oil & Gas Plc in January-October 2017 reduced the average daily production of hydrocarbons in Ukraine by 11.1% (by 445 barrels of oil equivalent, boepd) compared to the same period in 2016, to 3,563 boepd. According to a company report on the website of the London Stock Exchange, in particular, gas production fell by … Read more
The share of state-owned banks of net assets of the Ukrainian banking system grew by 0.4 percentage points (p.p.) in July-September 2017 year-over-year, to 56%, according to a report posted on the National Bank of Ukraine (NBU). The pace is linked to the additional capitalization of PrivatBank (Kyiv). Early 2017 the share of state-owned banks … Read more
Ukraine’s Economic Development and Trade Ministry has introduced sanctions against 18 Russian companies. The sanctions will take effect on December 9, 2017. Resolutions Nos. 1582 (seven companies) and 1583 (11 companies) were issued by the ministry on October 30, 2017. The resolutions envisage the temporary suspension of foreign economic activities on the territory of Ukraine … Read more
Ukraine’s forex reserves expanded by $98 million or 0.53% in October 2017, and as of November 1, 2017 reached $18.736 billion, the National Bank of Ukraine (NBU) posted the preliminary data on Tuesday on its website. Since early 2017, forex reserves have grown by 21%. The central bank said that receiving of $185.3 million by … Read more
The European network of medical laboratories Synevo seeks to develop the franchising chain of biomaterial reception centers in towns with population of up to 50,000 people, Synevo Ukraine Commercial Director Mykola Skavronsky has said. “Since last year, we have been actively developing a franchising program. The Sinevo centers open even in small towns with a … Read more
The National Bank of Ukraine (NBU) has declared PJSC Bank Boguslav (Kyiv) insolvent, according to the central bank’s website. The NBU Board made corresponding decision No. 708-RSh/BT on November 6. “As of November 1, 2017 Bank Boguslav had not ensured the implementation of measures foreseen in the previously approved restructuring plan with respect to raising … Read more
The National Commission for Communications and Informatization Regulation (NCCR) intends to approve the conditions for holding a tender to receive a 4G communications licenses for the 2,600 MHz range next week, NCCR Head Oleksandr Zhyvotovsky said during the tests of 4G communications by lifecell in Kyiv on Thursday. The commission’s press service told Interfax-Ukraine that … Read more
Fitch Ratings has upgraded the Long-Term Foreign Currency Issuer Default Rating (IDR) of PJSC CB PrivatBank (Privat) to ‘B-‘ from ‘RD’ (Restricted Default). The Outlook on the Long-Term IDR is Stable. Fitch said in a press release that the Long-Term Local Currency IDR was upgraded to ‘B-‘ from ‘CCC’. The Outlook is Stable. The Local … Read more