Nova Poshta Global (NPG), a member of Nova Poshta group of companies, launches scheduled flights from/to the United States and China. The company’s press service said on Tuesday that flights by the order of Nova Poshta Global will be operated several times a week and deliver both parcels from Ukraine and purchases made by Ukrainians … Read more
On Wednesday, the Verkhovna Rada adopted the law necessary to conclude a new program with the International Monetary Fund (IMF) on improving banking regulation mechanisms (No. 2571-d) at the second reading. The bill was supported by 270 deputies with the required 226 votes, an Interfax-Ukraine correspondent reported. The review of the document took place according … Read more
June 3, 2020 will be the last day of operation of the Uber Eats food delivery service. This was reported to partners and users of the service through an official newsletter from the company. Closing the service will not affect the company’s ridesharing application: Uber will continue to operate in Ukraine. According to the information … Read more
Fitch Ratings has revised the outlooks on seven Ukrainian banks to stable from positive and affirmed their Long-Term Issuer Default Ratings (IDRs), the agency said on its website. “The affected banks are: Oschadbank, Ukreximbank, PrivatBank, Ukrgasbank, Credit Agricole Bank, ProCredit Bank, and Pravex-Bank,” it said. “Fitch has also revised the outlook on First Ukrainian International … Read more
State-owned Ukreximbank (Kyiv) is considering a scenario to repurchase its eurobonds from the market with their replacement with cheaper and longer-term resources, chairman of the financial institution Yevhen Metsger has said. “As one of the working scenarios, the repurchase of our eurobonds from the market is considered, the rate at which is about 10% in … Read more
The National Bank of Ukraine (NBU) has settled the possibility for nonresidents to deposit cash in foreign currency into the accounts of customs authorities in an authorized bank or institutions that provide budget treasury services as cash collateral during the transit of goods throughout Ukraine, the NBU said on its website on Friday, April 24. … Read more
The volume of venture capital raised by Ukrainian IT companies and startups in 2019 amounted to $510 million, which is 1.5 times higher than the maximum of 2018, according to a review by the Ukrainian Venture Capital and Private Equity Association (UVCA). “The number of deals in 2019 was almost the same as in 2018: … Read more
Fitch Ratings has revised the Outlook on Ukraine’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Positive and affirmed the IDR at ‘B’. “The revision of Ukraine’s Outlook to Stable reflects the significant impact of the COVID-19 pandemic… The heightened macroeconomic and fiscal risks associated with this unprecedented global shock will partially reverse Ukraine’s … Read more
The Board of the National Bank of Ukraine has decided to cut the key policy rate from 10% to 8%, the NBU said in a statement on Thursday. “Together with other measures taken by the NBU, such as expanding its set of liquidity support tools and the introduction of preferential terms for borrowers by banks, … Read more
Ukraine’s GDP decline in 2020 will amount to 4.2% instead of the growth of 3.2% expected in October last year, such an updated consensus forecast was released by the Ministry of Economic Development, Trade and Agriculture. “According to experts, Ukraine will show a deeper decline than the global economy, which will be 4.2% in 2020. … Read more