The Ukrainian Cabinet of Ministers has approved a decree on the implementation of the National Operator in the Tobacco Products Market pilot project. “On behalf of the minister, please, put the Cabinet of Ministers’ draft decree on the implementation of the National Operator in the Tobacco Products Market pilot project on the agenda,” Deputy Minister … Read more
Skyrizon, a subsidiary of Beijing Xinwei Technology Group, and DCH Group of Ukrainian businessman Oleksandr Yaroslavsky will soon submit an updated joint application to the Antimonopoly Committee of Ukraine (AMC) for the purchase of PJSC Motor Sich, Xinwei said in a statement on the Shanghai Stock Exchange. According to it, the AMC on August 20 … Read more
State-controlled bank PrivatBank in January-July 2020 continues to top the list of profitable Ukrainian banks with a financial result of UAH 16.2 billion, while the largest loss since April 2020 has been recorded by state-owned Ukreximbank (UAH 2.24 billion), according to data posted on the website of the National Bank of Ukraine (NBU). According to … Read more
Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B’ with a stable outlook, the rating agency said on its website. “The ratings of Ukraine reflect its credible macroeconomic policy framework that had lowered inflation and narrowed fiscal deficits prior to the coronavirus shock, and a record of multilateral support. These … Read more
The Board of the National Bank of Ukraine (NBU) decided to keep the key policy rate unchanged at 6%, the central bank said on its website on Thursday. “The NBU Board has decided to keep its key policy rate at 6% per annum. Maintaining a loose monetary policy will support economic recovery amid moderate inflation … Read more
Japan Rating and Investment Information, Inc. (R&I) has upgraded Ukraine’s foreign currency issuer rating from B to B+, rating outlook is stable. “When fiscal consolidation efforts to date and enhanced resilience to external shocks are also taken into account, economic and fiscal conditions are expected to recover in 2021 and beyond,” R&I said in a … Read more
Media Group Ukraine LLC plans to launch at least two more foreign press centers. “We use the press center network of Ukraina TV channel. We have three mobile news offices abroad: in Europe, the United States and Russia. If everything goes according to plan, we will open at least two more offices abroad. But in … Read more
The Ministry of Economic Development, Trade and Agriculture of Ukraine improved the inflation forecast for 2020 to 5.9% December over December, while in the macroeconomic forecast approved in March, this indicator was at the level of 11.6%, according to the forecast of the socio-economic development of Ukraine for 2021-2023. According to the document, this year … Read more
The Deposit Guarantee Fund has taken Bank Arcada under control, Svitlana Rekrut, the managing director of the fund, has said. “The Deposit Guarantee Fund has entered Bank Arcada. It completely took control. The authorized person of the fund will perform the functions of the chairman of the board, the supervisory board and audit functions. We … Read more
The National Bank of Ukraine (NBU) has placed bank Arcada (Kyiv), which as of July 1, 2020 in terms of total assets ranked 45th (UAH 1.902 billion) among 75 operating banks in the country, on the list of insolvent banks, the press service of the central bank said on Tuesday. The decision was approved by … Read more