JSC Ukrposhta increased the number of shipments by 40% in 2023 and transported 15 million parcels with JSC Ukrzaliznytsia, Deputy Prime Minister for Restoration – Minister of Communities, Territories and Infrastructure Development Oleksandr Kubrakov said on Facebook on Friday. “The company is showing stable results. In 2023, Ukrposhta increased the number of parcels by 40%. … Read more
The value of Turkcell’s subsidiaries sold in Ukraine – the third largest Ukrainian mobile operator, Lifecell LLC (lifecell brand), contact center outsourcing company Global Bilgi LLC and tower rental service provider Ukrtower LLC accounted for on the date of closing of the relevant sale transaction is $525 million, Turkcell said in a statement. “The final … Read more
The government approved on Feb. 1 a resolution to process defense procurement in the competitive procedure of the Prozorro system, among other steps aimed at improving the efficiency of defense production. Prozorro is Ukraine’s electronic public procurement system, designed to increase transparency and competition in the bidding process. Launched in 2016, it is designed to … Read more
ABH Holdings SA (ABHH), which owned Sense Bank (Kyiv) before its nationalization, in connection with press reports about the potential privatization and transfer of the bank to a third-party investor, says that it will consider any such transfer as the sale of stolen property. “ABHH unequivocally warns potential buyers or recipients of Sense Bank or … Read more
Since the start of Russia’s full-scale invasion, Ukraine’s national debt has increased by 102%, said the Ministry of Finance. As of Dec. 31, 2023, state and state-guaranteed debt amounted to UAH 5.5 trillion ($145 billion). Roughly 70% of this figure represents external debt, while the remaining 30%, or UAH 1.67 trillion ($43.6 billion) is domestic … Read more
After nationalization, Sense Bank intends to maintain the bank’s leading position in the securities market and be ready for its development after the National Bank of Ukraine (NBU) lifts the existing restrictions, in particular the ban on the purchase of foreign securities, acting head of the board of the financial institution Olena Zubchenko said. “Now, … Read more
The total public debt of Ukraine in 2023 increased to a new historical maximum: in dollar terms – by $33.9 billion, or 30.4% – to $145.32 billion, in hryvnia terms – by UAH 1.444 trillion, or 35.4%, up to UAH 5.520 trillion, according to data on the website of the Ministry of Finance. According to … Read more
The NBU has reduced its forecast for Ukraine’s international currency reserves by the end of 2024, the bank stated in a press conference. “International assistance will remain the main source of capital inflows to the country in the future.” At the same time, NBU notes that future assistance will be enough to maintain a sufficient … Read more
Ukrainians residing abroad continue to contribute significantly to the currency outflow; however, a 28% reduction is anticipated in 2024, decreasing from $18 billion to $13 billion, NBU deputy chief Serhiy Nikolaychuk said during a press briefing on Jan. 25. “In 2022, this outflow was nearly $20 billion. Last year, it slightly decreased to around $18 billion,” he said. … Read more
Some foreign investors have already expressed interest in buying Ukraine’s state-owned Sense Bank and Ukrgasbank, Deputy Finance Minister Yuriy Draganchuk said on Jan. 24, as reported by Interfax-Ukraine. “We have interest in two state-owned banks from foreign investors—Ukrgasbank and Sense Bank,” said Draganchuk. “And we are actively preparing them [the banks] for sale. We received … Read more