The sixth administrative court of appeals has created a panel of judges for hearing a counterclaim of the National Bank of Ukraine (NBU), the Cabinet of Ministers of Ukraine and PrivatBank seeking to abolish the ruling of Kyiv’s district administrative court on the nationalization of PrivatBank, the NBU told reporters on Wednesday. According to the … Read more
The European Bank for Reconstruction and Development (EBRD) has reviewed upwards the expectations for the economic growth in Ukraine in 2019 from 2.5% to 3.3% and from 3% to 3.5% in 2020, according to the EBRD Regional Economic Prospects report. “The country’s GDP growth is set to stay at 3.3% in 2019 (a repeat of … Read more
The enterprises of Ukroboronprom state concern reduced export volumes to $451 million a year compared to $900 million in 2013, director general of the state concern Aivaras Abromavicius has said at a meeting with Ukrainian President Volodymyr Zelensky in Kharkiv. “The most important reform we have already launched is the reform of exporters … We … Read more
The Cabinet of Ministers of Ukraine has decided to establish a ban on imports of obsolete rolling stock from the Russian Federation from November 20, 2019, Minister of Infrastructure Vladyslav Krykliy has said. “In May 2019, it was decided to introduce a ban on imports of obsolete rolling stock from the Russian Federation from March … Read more
The direct and state-guaranteed debt of Ukraine in 2020 will be reduced to 52.4%, Finance Minister of Ukraine Oksana Markarova has said. “Our goal on debt is to reduce it to 52.4% of GDP. Success in privatization could help reduce this figure more dramatically,” Makarova wrote on Facebook. According to the Ministry of Finance, the … Read more
JSC Kyivstar, the mobile communications operator, in July-September 2019 increased general income by 18.3% year-over-year, to UAH 5.828 billion, the company’s press service reported on Monday, referring to its quarterly financial statements. The press service said that over the period Kyivstar increased earnings before interest, taxes, depreciation and amortization (EBITDA) by 33.1%, to UAH 3.772 … Read more
The Verkhovna Rada at second reading and as a whole adopted bill No. 2239-1, which is necessary to separate activities for natural gas transportation from Naftogaz Ukrainy, certify a new independent gas transmission system operator and create conditions for signing a transit contract with Gazprom according to European rules. Some 341 MPs voted for the … Read more
The State Automobile Roads Agency (Ukravtodor) and China’s Poly Changda Engineering Co. Ltd have signed a memorandum of cooperation as part of the implementation of the first phase of construction of Big orbital roads around Kyiv connecting M-05 Kyiv-Odesa and M-06 Kyiv-Chop highways. According to a posting on the website of the Infrastructure Ministry, during … Read more
Ukraine’s Verkhovna Rada has ratified a protocol amending the Convention between the governments of Ukraine, the United Kingdom and Northern Ireland on Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to taxes on income and estate value increment. An Interfax-Ukraine correspondent has reported that 323 MPs backed at second reading the bill … Read more
Three largest cryptocurrency exchanges would like to officially start operating in Ukraine, Chairman of the supervisory board of the Ukrainian Venture Capital and Private Equity Association (UVCA) Andriy Kolodiuk said on the sidelines of the the RE:think. Invest in Ukraine forum opened in Mariupol on Tuesday. “Over the past two and a half years, three … Read more