Rada adopts law on virtual assets with president’s proposals

The Verkhovna Rada has adopted, taking into account presidential amendments, the law on virtual assets, which refers this market to the regulation of the National Securities and Stock Market Commission and the National Bank of Ukraine (NBU). Some 272 deputies supported Bill No. 3637 at the regular plenary session on Thursday at the second reading … Read more

Fitch revises Naftogaz’s outlook to stable on sovereign action, affirms at ‘B’

Fitch Ratings has revised National Joint Stock Company Naftogaz Ukrainy’s outlook to stable from positive, while affirming company’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’, the rating agency said on its website. “The outlook revision follows a recent similar action on Ukraine’s sovereign rating (B/Stable) and the application of Fitch’s Government-Related Entities (GRE) Rating … Read more

Digital Ministry launching Diia Challenge for IT specialists

The Ministry of Digital Transformation of Ukraine is launching a program for IT specialists – Diia Challenge, Deputy Prime Minister – Minister of Digital Transformation Mykhailo Fedorov said. “Today, according to the canons of the best product IT companies in the world, we are launching Diia Challenge. Now developers, designers can take part in challenges … Read more

Ukraine redeems 10% of eurobonds 2022, brings redemption of VRI to 20%

The Ministry of Finance of Ukraine recently bought back approximately 10% of eurobonds maturing in September 2022, as a result of which their volume in circulation decreased to $912 million, the ministry said on Friday. “The Ministry of Finance of Ukraine has carried out several operations to repurchase VRIs, as a result … as of … Read more

Construction of Bayraktar drone plant to start in Ukraine

Ukraine will begin construction of a plant for the production of Bayraktar military drones and equip them with Ukrainian-made engines. Defense Minister Oleksii Reznikov stated this at a briefing. “One of the examples of fulfilling this agreement will be the construction of the Bayraktar plant, which manufactures unmanned aerial vehicles. And which will be manufactured … Read more

Kyiv, Ankara to expand production of Bayraktar drones in Ukraine

Ukraine and Turkey have signed an agreement that will significantly expand the production of Bayraktar unmanned combat aerial vehicles in Ukraine, President Volodymyr Zelenskyy has said. He stated this at a joint press conference with Turkish President Recep Tayyip Erdogan in Kyiv on Thursday, February 3. “I am confident that our talks will lead to … Read more

Ukraine, Turkey sign FTA agreement

Prime Minister of Ukraine Denys Shmyhal and Turkish Trade Minister Mehmet Mus signed an agreement on a free trade zone between the countries. The agreement was signed in Kyiv on Thursday in the presence of Ukrainian President Volodymyr Zelensky and Turkish President Recep Tayyip Erdogan following the results of negotiations between the parties. It is … Read more

AMCU allows FUIB to buy Idea Bank

The Antimonopoly Committee of Ukraine (AMCU) allowed First Ukrainian International Bank (FUIB, Kyiv) of Rinat Akhmetov to buy Idea Bank, owned by Polish-based Getin Holding S.A. The relevant decision was made by the state regulator at a meeting on February 3, the Antimonopoly Committee of Ukraine told Interfax-Ukraine. As reported, Getin Holding S.A. on November … Read more