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
The Ministry of Economic Development, Trade and Agriculture intends to register ten new geographical brands (geographical indications) in 2021, Deputy Minister Oleksandr Romanyshyn said. “We are planning another ten geographic names for next year – these are Kherson Watermelons and Carpathian Honey. This creates preconditions for the development of tourism where these geographic names are … Read more
The Verkhovna Rada has refused to postpone the mandatory use of payment transaction recorders for non-risk groups of goods, as proposed by bill No. 4313. According to the correspondent, the bill was supported by 17 deputies with the required 226 votes, 228 MPs were against.
The drop in the gross domestic product (GDP) of Ukraine in the third quarter of 2020 was 3.5% compared to the same period in 2019, while in the second quarter the decline was 11.4%, and in the first 1.3%, this preliminary estimate was published by the State Statistics Service. According to the report, in relation … Read more
The state-owned Ukreximbank (Kyiv) on November 10 redeemed its eurobonds maturing in 2022 for $84.047 million (at par) and maturing in 2025 for $215.948 million from available funds, the bank’s press service said. “Ukreximbank for the first time among Ukrainian issuers of eurobonds carried out a proactive operation of managing obligations without the simultaneous placement … Read more
The Cabinet of Ministers intends to approve an action plan for the implementation of 5G mobile communication system in Ukraine, which provides for the announcement of a tender for the issuance of licenses for the use of radio frequency (RF) spectrum for 5G in October 2021. According to the action plan for the implementation of … Read more
Over ten months of 2020, Gas Transmission System Operator of Ukraine LLC (GTSOU) transmitted from the EU countries to Ukraine in the shorthaul mode (a preferential transit tariff for certain points) 6.1 billion cubic meters of gas, and almost all of this volume is still stored in underground facilities, however, in October, for the first … Read more
Ukraine has the potential to fully meet its own needs for uranium mining, according to Head of the State Service for Geology and Mineral Resources of Ukraine Roman Opimakh. He noted that Ukraine’s potential in oil and gas production had not been exhausted. The country has a chance to fully meet its own needs for … Read more
The international rating agency Standard & Poor’s Global Ratings continues to classify the Ukrainian banking sector as Group 10 in terms of the level of industry and country risks (Banking Industry Country Risk Assessment – BICRA), S&P said in a statement on Tuesday. According to it, the level of economic risk in the Ukrainian banking … Read more