The Board of the National Bank of Ukraine (NBU) decided to keep the key policy rate unchanged at 6%, the central bank said on its website on Thursday. “The NBU Board has decided to keep its key policy rate at 6% per annum. Maintaining a loose monetary policy will support economic recovery amid moderate inflation … Read more
Japan Rating and Investment Information, Inc. (R&I) has upgraded Ukraine’s foreign currency issuer rating from B to B+, rating outlook is stable. “When fiscal consolidation efforts to date and enhanced resilience to external shocks are also taken into account, economic and fiscal conditions are expected to recover in 2021 and beyond,” R&I said in a … Read more
Media Group Ukraine LLC plans to launch at least two more foreign press centers. “We use the press center network of Ukraina TV channel. We have three mobile news offices abroad: in Europe, the United States and Russia. If everything goes according to plan, we will open at least two more offices abroad. But in … Read more
The Deposit Guarantee Fund has taken Bank Arcada under control, Svitlana Rekrut, the managing director of the fund, has said. “The Deposit Guarantee Fund has entered Bank Arcada. It completely took control. The authorized person of the fund will perform the functions of the chairman of the board, the supervisory board and audit functions. We … Read more
The National Bank of Ukraine (NBU) has placed bank Arcada (Kyiv), which as of July 1, 2020 in terms of total assets ranked 45th (UAH 1.902 billion) among 75 operating banks in the country, on the list of insolvent banks, the press service of the central bank said on Tuesday. The decision was approved by … Read more
The European Bank for Reconstruction and Development (EBRD) has opened a credit line for the OKKO chain of fuel stations in the amount of $35 million for a period of seven years, the press service of the company said. “The funds will be used to finance the company’s capital expenditures and meet its working capital … Read more
President of Ukraine Volodymyr Zelensky has signed the law on amendments to certain legislative acts of Ukraine on facilitating the attraction of investments and the introduction of new financial instruments (bill No. 2284). The relevant information has been posted on the website of the Verkhovna Rada. As reported, Ukraine has undertaken to adopt this law … Read more
The Cabinet of Ministers on Wednesday, August 12, approved the program for reforming and developing the alcohol industry in 2020-2023. According to the draft resolution, the text of which is available to Interfax-Ukraine, the action plan for implementation of the program provides for consideration by the Cabinet of a draft law on the accounting of … Read more
Radio workers were unable to reach an agreement with the Ukrainian Music Alliance (UMA) on royalty tariffs for the use of music works and phonograms. Representatives of the Radio Committee note that tariffs must be based on economic justification and that the formula for calculating royalties proposed by the UMA is unacceptable – it does … Read more
The text of the Free Trade Area Agreement (FTA) between Turkey and Ukraine will be completed soon, Ambassador Extraordinary and Plenipotentiary Yagmur Ahmet Guldere has said. “I believe that both sides are making every effort to reach a common position. Last Friday [July 17] we had a round of negotiations that took place online. Again, we see … Read more