The Antimonopoly Committee of Ukraine (AMCU) has approved the acquisition of Unex Bank (Kyiv) of MP Vadim Novinsky by the Cyprus Dragon Capital Investments Limited, the AMCU’s press service said on Tuesday. The committee voted for the corresponding decision at a meeting on December 22. According to the committee, the acquisitions will ensure over 50% … Read more
The Datagroup national operator of fixed communications and digital services has reached an agreement to acquire 100% of the national provider of telecommunications and content services of Volia group of companies (formerly Volia Kabel), the Datagroup press service told Interfax-Ukraine. Datagroup has reached the agreement on the acquisition of 100% of the Volia group of … Read more
NJSC Naftogaz Ukrainy has become a full-fledged owner of, Nadra Yuzivska LLC, which owns a special permit for the Yuzivska area until 2063, Head of the State Service of Geology and Subsoil of Ukraine Roman Opimakh said. “The unblocking of implementation of the agreement on the distribution of hydrocarbons in the Yuzivska area has begun, … Read more
The Verkhovna Rada has lowered the VAT rate for some types of agricultural products from 20% to 14%, having supported bill No. 3656 at second reading. An Interfax-Ukraine correspondent has reported that 255 MPS backed the bill with the required 226 votes. According to the bill, it is proposed to establish a preferential tax rate … Read more
The National Bank of Ukraine (NBU) recognized Misto Bank (Odesa) owned by Ivan Fursin (97.180668% of shares) as insolvent, which as of October 1, 2020, in terms of total assets, ranked 53rd (UAH 1.498 billion) among 74 banks operating in the country, the bank’s press service said on Monday. The corresponding decision was approved by … Read more
NJSC Naftogaz Ukrainy has acquired over 50% in the charter capital of Nadra Yuzivska LLC owned by NJSC Nadra Ukrainy, the Antimonopoly Committee of Ukraine (AMCU) has said in a statement. In this regard, the committee began consideration of the concentration case, within the framework of which Naftogaz will be able to produce fossil fuel … Read more
The Board of the National Bank of Ukraine has decided to keep its key policy rate at 6% per annum. The NBU expects inflation, which increased to 3.8% in November, into the target corridor of 5% +/- 1 pp at the end of the year and further growth in consumer prices in the following months, … Read more
More than 20 Ukrainian companies have entered the European Clean Hydrogen Alliance, Deputy Energy Minister for European Integration Yaroslav Demchenkov said. “More than 20 Ukrainian companies have already joined the European Clean Hydrogen Alliance and, accordingly, the Green Hydrogen Initiative for the European Green Deal 2×40 GW of new hydrogen production capacities,” he said during … Read more
Chinese investors of PJSC Motor Sich notified the government of Ukraine about sending an investment dispute to international arbitration in order to recover damages from Ukraine’s government, estimated by them at $3.5 billion, according to a release on the website of the Ukrainian DCH group of Oleksandr Yaroslavsky, partner of these investors in the development … Read more
Ukrainian fintech product Koto was launched in the UK in beta mode. It is a banking application by Fintech Band, the team of PrivatBank ex-managers Oleh Horokhovskyi and Mykhailo Rohalskyi. Koto’s entire offering is purely app-based, where its mascot, the koto cat, makes monitoring cash flow and applying for credit stress-free and accessible. Koto strives … Read more