Ukraine in a memorandum to the International Monetary Fund (IMF) has declared its intention to introduce a mechanism for determining the ultimate beneficial owner of land. According to a document published by the IMF on Thursday, this mechanism should help prevent circumvention of legal requirements to combat money laundering and counter terrorist financing. In addition, … Read more
The Board of the National Bank of Ukraine (NBU) has decided to cut the key policy rate from 8% to 6% effective, the NBU said on its website on Thursday. “Consumer and investment demand is most likely to remain subdued for longer than forecast in April. On the one hand, this will keep inflation below … Read more
The first direct container train from China arrived in Kyiv at the Liski branch on June 8, acting Member of the Board of JSC Ukrzaliznytsia, Infrastructure Director Roman Veprytsky has said. The train covered the distance of 9,000 km in 15 days crossing four countries. “For comparison: it would take 45 days to deliver containers … Read more
Capital investment in Ukraine in January-March this year fell by 35.5% after growing by 21.2% in the fourth quarter of last year, the State Statistics Service said on Tuesday. According to the State Statistics Service, in the first quarter of this year, UAH 76.914 billion of capital investment was disbursed (excluding the temporarily occupied Crimea, … Read more
JSC Ukrtransnafta transported West Texas Intermediate (WTI) oil for the first time in May, the company’s press service said. “After checking the quality indicators of crude oil, the company began accepting WTI oil for transportation to Kremenchuk oil refinery. ‘Light Sweet’ will be transported through the Odesa-Kremenchuk crude oil pipeline,” the company said in the … Read more
Estonian company Bolt is planning to launch two of its new services in Kyiv in the summer of 2020. It is about scooter rental service and Bolt Food, a food delivery service. Bolt company was preparing to launch the scooter rent service back in spring 2020. The test site was launched in 2019 at UNIT.City. … Read more
On Wednesday, the Verkhovna Rada adopted the law necessary to conclude a new program with the International Monetary Fund (IMF) on improving banking regulation mechanisms (No. 2571-d) at the second reading. The bill was supported by 270 deputies with the required 226 votes, an Interfax-Ukraine correspondent reported. The review of the document took place according … Read more
June 3, 2020 will be the last day of operation of the Uber Eats food delivery service. This was reported to partners and users of the service through an official newsletter from the company. Closing the service will not affect the company’s ridesharing application: Uber will continue to operate in Ukraine. According to the information … Read more
Fitch Ratings has revised the outlooks on seven Ukrainian banks to stable from positive and affirmed their Long-Term Issuer Default Ratings (IDRs), the agency said on its website. “The affected banks are: Oschadbank, Ukreximbank, PrivatBank, Ukrgasbank, Credit Agricole Bank, ProCredit Bank, and Pravex-Bank,” it said. “Fitch has also revised the outlook on First Ukrainian International … Read more
State-owned Ukreximbank (Kyiv) is considering a scenario to repurchase its eurobonds from the market with their replacement with cheaper and longer-term resources, chairman of the financial institution Yevhen Metsger has said. “As one of the working scenarios, the repurchase of our eurobonds from the market is considered, the rate at which is about 10% in … Read more