The drop in the gross domestic product (GDP) of Ukraine slowed to 5.8% for 8 months of 2020. Some industries have even shown growth. The Review of economic activity from January to August 2020 shows it on the website of the Ministry of Economy. They report that in August, with continuing adaptive quarantine, almost all … Read more
The National Bank of Ukraine (NBU) has received a package of documents to approve the acquisition of Prominvestbank (PIB, Kyiv) from the Luregio Limited Cypriot company, the ultimate beneficiary of which is Ukrainian businessman Serhiy Tigipko, the NBU press service told Interfax-Ukraine on Monday. The bank’s press service has not yet been disclosed more details … Read more
MotionCam by Ajax Systems, a wireless motion detector with a photo camera to verify alarms, won the “Intruder Product of the Year 2020” category in the prestigious PSI Premier Awards 2020. According to the company, their system resolves the problem of false dispatches by taking photos of the person coming into the house. The application of … Read more
The Antimonopoly Committee of Ukraine permitted Cypriot Agimant Limited of the Ukrainian businessman Sergiy Tigipko to acquire 100% of Dealzone Holding Ltd. (Rod Town, British Virgin Islands), which owns 98.6578% of shares of one of the largest enterprises for the production of metal products in Ukraine PJSC Dneprometiz, the committee made the decision at a … Read more
Metinvest B.V. (the Netherlands), the parent company of the Metinvest mining and metallurgical group, has extended the maturity of its eurobonds, taking advantage of favorable market conditions. “Metinvest, the vertically integrated steel and mining group of companies, has successfully extended the maturity of its outstanding eurobonds, taking advantage of favorable market conditions. While being effectively … Read more
Ukraine and the United Kingdom signed an agreement on political cooperation, free trade, and strategic partnership on Thursday, which will replace the post-Brexit trade association agreement with Britain. Foreign Minister Dmytro Kuleba announced the signing, which took place during President Zelenskyi’s visit to London. “A historic moment: we have signed an agreement. According to Prime … Read more
Zero duty on the import of wine from the EU will be introduced from 2021 in accordance with Ukraine’s commitments to zero import duties on a number of goods within a seven-year period after the signing of the economic part of the Association Agreement with the European Union, the Development Director of the Ukrainian Horticultural … Read more
Standard & Poor’s Global Ratings has raised its long-term issuer and issue credit ratings on Kernel Holding S.A., and its existing senior unsecured notes, to ‘B+’ from ‘B’, the outlook is stable. “Kernel Holding S.A. posted stronger-than-expected results for the financial year ending June 30, 2020 (FY2020), with positive free operating cash flow (FOCF) and … Read more
The European Bank for Reconstruction and Development (EBRD) has provided a $10 million loan extending the working capital facility approved in 2018 to Astarta Group. The bank said in a press release on Monday that the two-year loan will help it implement plans related to the introduction of the precision farming. “Astarta is applying these … Read more
Rinat Akhmetov’s SCM Financial and Industrial Holding has sold its Parallel fuel filling station network, according to Encorr, an online industry publication citing sources. According to the publication, the buyer was not an active player in the retail market, but either a wholesale trader or the owner of a small network wishing to develop this … Read more