Investment of human capital in national wealth in Ukraine is much lower than in European countries, according to a report of the World Bank. According to the World Bank’s study of the sphere of education in Ukraine, investment of human capital into national wealth in Ukraine is 34% of total national wealth. For comparison, in … Read more
Naftogaz Ukrainy in January-June 2019 saw net profit rise by 1.8 times (by UAH 11.102 billion) compared to the same period in 2018, to UAH 24.704 billion. According to the consolidated statements posted on the company’s website, its sales revenue in the first half of 2019 decreased by 0.9% (by UAH 1.174 billion), to UAH … Read more
Solvent Ukrainian banks in January-August 2019 received UAH 44.29 billion in net profit, which is 3.2 times more than in the same period in 2018, the National Bank of Ukraine (NBU) has said. “More than half (58.3%) of this result was provided by the activities of state-owned PrivatBank,” the central bank said on its website. … Read more
Ukraine’s Verkhovna Rada has passed at second reading bill No. 1073 on “cashback,” followed by the adoption of bill No. 1053-1 passed at second reading, introduces compensation to buyers if violation during the settlement transaction is revealed from October 1, 2020. The corresponding bill at second reading at the evening plenary meeting on Tuesday was … Read more
Businesses plan their 2020 budgets with the forex trade set at UAH 28 per U.S. dollar, according to the “Global Outlook” study by the European Business Association (EBA). “When planning the budget for next year, owners use the average forex rate at UAH 28 per U.S. dollar. According to investors, the hryvnia will continue strengthening, … Read more
The Verkhovna Rada of Ukraine at second reading and as a whole adopted a law on amending certain legislative acts of Ukraine regarding the protection of rights of financial services consumers. The document provides for authorizing financial market regulators, including the National Bank of Ukraine, the National Commission on Securities and the Stock Market and … Read more
Ukraine’s Verkhovna Rada has ratified a protocol on Amendments to the Convention between the Government of Ukraine and the Republic of Turkey for avoidance of double taxation with respect to taxes on income and real estate. An Interfax-Ukraine correspondent has reported that a total of 320 MPs backed bill No. 0005 on ratification of the … Read more
Fitch Ratings has upgraded National Joint Stock Company Naftogaz’s (Naftogaz) Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B’ from ‘B-‘. The Outlook is Positive. The upgrade follows that of Ukraine’s sovereign rating (B/Positive) on September 6, 2019, Fitch said on Friday. The rating also takes into account Naftogaz’s weak liquidity profile but overall low leverage … Read more
Fitch Ratings has upgraded JSC Ukrzaliznytsia Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘B’ from ‘B-‘, according to a report on the rating agency’s website. “The rating action follows the upgrade of Ukraine’s ratings,” it says. “Under Fitch’s Government-Related Entity (GRE) Criteria, Ukrzaliznytsia’s score of 27.5 is unchanged and stems from a very … Read more
The only one shareholder of Ukrsotsbank on September 10 decided to merge Ukrsotsbank to Alfa-Bank (both based in Kyiv) under the simplified procedure. According to a report in the information disclosure system of the National Commission on Securities and the Stock Market, Alfa-Bank shareholders took a decision to merge Ukrsotsbank under the simplified procedure at … Read more