Ukroboronprom State Concern, together with Antonov State Enterprise, aviation industry enterprises and government members, have begun preparing proposals for a draft medium-term revival program for the aviation industry. The press service of Ukroboronprom said that a special working group of representatives of a number of industry enterprises began working on June 26 under the chairmanship … Read more
The forecast of an 8.2% drop in Ukraine’s gross domestic product (GDP) in 2020 is due to a weak stock of savings of Ukrainian households and limited fiscal support to the economy, IMF Resident Representative in Ukraine Goesta Ljungman has said. There are two factors why Ukrainian GDP is falling more than in other countries: … Read more
The deal with a private investor to acquire a 100% stake in Ukrainian Idea Bank (Lviv) by Dragon Capital from Poland’s Getin Holding S.A. was terminated, according to a statement of Getin Holding on the Warsaw Stock Exchange. “The Management Board of Getin Holding S.A… informs that as of June 25, 2020 conditional sale agreement … Read more
The National Bank of Ukraine (NBU) has held an express stress test in order to assess the impact of the current crisis on banks. It assessed the impact on capital of 26 large banks with the share of assets of the entire banking system of 91%. The stress test results proved to be in general … Read more
Ukraine ranked among the countries with the cheapest Internet and took the fifth position. The study was conducted by cable.co.uk. According to the study, India is the cheapest country in terms of the average cost of 1GB of mobile data. The average price of one gigabyte of mobile data $0.09. The ranking includes Israel ($0.11), … Read more
The fall in Ukraine’s real gross domestic product (GDP) in 2020 may be deeper than expected in the April forecast of the National Bank of Ukraine (NBU), that is, below the 5% level, the regulator’s website reports. “The available data indicate that the fall following the results of the year is likely to be deeper … Read more
The International Finance Corporation (IFC) will provide its long-term customer JSC Galnaftogaz Concern with a long-term corporate loan of $35 million to finance capital expenditures for 2020–2022 and to replenish working capital. The IFC said on its website that the board of directors approved this project on June 18 this year. It is assumed that … Read more
The trade union of the strategic State Enterprise Antonov filed a claim with the District Administrative Court of Kyiv to revoke government resolution No. 269 dated March 31, 2015, by which SE Antonov was placed under the management of Ukroboronprom, the law firm Ilyashev & Partners said on Monday on its website. The labor collective … Read more
Mobile operators of Kyivstar, Vodafone Ukraine and lifecell have begun refarming the radio frequency spectrum in the 900 MHz band. According to the Kyivstar’s report, the use of low radio frequencies will provide mobile operators with the opportunity to implement 4G communications throughout the country, including in settlements with a population of over 2,000 people, … Read more
The Verkhovna Rada at second reading and as a whole adopted the law amending certain laws to attract investment and introduce new financial instruments (bill No. 2284), which is updated bill No. 9035 on derivatives and financial markets of the parliament of the previous convocation. According to an Interfax-Ukraine correspondent, the law was supported by … Read more