Ukraine was ranked second in the rating of the cheapness of the Internet, compiled by the British consulting company BDRC Continental together with the provider Cable.co.uk. In total, the ranking includes 206 countries. Ukraine has become the second country globally in terms of Internet cheapness. According to the study, the average cost of a fixed-line … Read more
The Cabinet of Ministers of Ukraine has expanded a list of energy sector enterprises that are not subject to partial privatization and approved a list of facilities which will be banned from being privatized. The government plans to consider the relevant bill on the list of state-owned enterprises (SOE) that are not subject to privatization … Read more
President of Ukraine Volodymyr Zelensky has signed the law on amending the Land Code of Ukraine and some other legislative acts to combat raiding adopted by the Verkhovna Rada on December 5, 2019. According to information on the website of the Verkhovna Rada of Ukraine, on January 13 the document was returned with the signature … Read more
The Individuals’ Deposit Guarantee Fund has put the pool of assets of insolvent VAB Bank (Kyiv) up for auction at the First Financial Network Ukraine (FFN) site, the fund’s website reports. “On January 16, 2020, an auction will be held to sell the pool of assets of VAB Bank, which consists of 113 loans and … Read more
The president of Ukraine has signed the law amending certain laws of Ukraine regarding the provision of constitutional principles in the energy and utilities services sectors. “Returned with the signature of the president,” according to the official website of the Verkhovna Rada. According to information on the parliamentary website, the document was registered under No. … Read more
The Antimonopoly Committee of Ukraine has permitted EssilorLuxottica French-Italian holding, a large player on the global eye-glass, optic equipment market, to acquire Luxoptica, the largest Ukrainian eye-glass network with 176 shops. According to a report of the committee, the regulator permitted Essilor Nederland Holding B.V. (the Netherlands), fully owned by EssilorLuxottica, to acquire over 50% … Read more
Britain’s Cadogan Petroleum with assets in Ukraine has suspended the activity at the Bitlyanska licensing site in Lviv region due to the expiration of the current license on December 23, 2019. The company is awaiting license renewal and renewal of works, the company reported on its Facebook page on Friday. Cadogan recalled that in August … Read more
Ukrainian banks have started posting the results of their stress tests conducted by the National Bank of Ukraine (NBU) on their websites. So, the state-owned PrivatBank and Ukrgasbank, as well as UkrSibbank, OTP Bank, Credit Agricole Bank, ProCredit Bank and Kredobank did not need additional capital according to the results of stress tests. The estimated … Read more
The enterprises of the Ukroboronprom State Concern fulfilled their obligations to the government on the production and repairs of military equipment by 98% in 2019, according to the press service of the state concern. “A total of 4,876 units of equipment were passed to the Ukrainian army: 3,889 new and upgraded and 987 repaired [units … Read more
Ukrainian President Volodymyr Zelensky has signed law No. 330-IX amending the law of Ukraine on the electricity market, which was passed by parliament on December 4, 2019. The president’s press service said on Wednesday that the document is aimed at ensuring proper control of electricity prices in the face of insufficient competition in this market; … Read more