The National Bank of Ukraine has decided from July to lower the refinancing rate to 17% per annum from the level of 17.5% per annum, at which it had been holding it since the end of April. “The NBU continues the cycle of monetary policy easing as inflation is declining towards the target of 5%,” … Read more
PJSC Farmak pharmaceutical company (Kyiv) has raised a five-year loan from the European Bank for Reconstruction and Development (EBRD) in the amount of EUR 15 million (equivalent of UAH 427.838 million) An Interfax-Ukraine correspondent has reported that the loan agreement was signed between the bank and the pharmaceutical producer on Tuesday. Farmak Executive Director Volodymyr … Read more
The Antimonopoly Committee of Ukraine (AMC) has begun consideration of cases on concentration in the deal on obtaining joint control over PJSC Motor Sich by Skyrizon Aircraft Holdings Limited (the British Virgin Islands) and Ukroboronprom state concern, the AMC said on its website. “These concentrations are the stages of a multi-stage transaction aimed at gaining … Read more
The transfer of Ukrsotsbank’s business to Alfa-Bank (both based in Kyiv) has completed in fact: Ukrsotsbank has around 6% of clients of the number of clients as of early 2017 left on its balance sheet, and the legal merger is expected this autumn, General Manager of the board of the Alfa-Bank banking group, Board Chairman … Read more
The Antimonopoly Committee of Ukraine has said in recommendations to mobile communications operators Kyivstar, Vodafone Ukraine and lifecell that setting the 28 day billing period for tariffs has signs of violation of the legislation on protection from unfair competition, Government Plenipotentiary of the Antimonopoly Committee of Ukraine Maria Protsyshen said on her Facebook page on … Read more
A Ukrainian startup that has launched PatentBot, a chat bot to register patents and trademarks, has raised a new round of angel investment, CEO & Founder в PatentBot Natalia Vladymyrova said on Facebook. “PatentBot was assessed at a million dollars! You can easily joke about a million dollar baby,” she wrote. According to Vladymyrova, the … Read more
JSC Ukrgazvydobuvannia in June 2019 opened new fields in Kharkiv and Poltava regions. According to the press service of the company, in particular, in Kharkiv region, after testing an exploratory well with a depth of over 3,700 meters, an oil inflow was obtained. Oil resources in the field are about 130,000 tonnes. In Poltava region, … Read more
The Kyivstar mobile communications operator plans in 2019 to expand the 4G (LTE) mobile communication network, covering the territory of Ukraine where 75% of Ukrainian population lives, President of Kyivstar Alexander Komarov told reporters in Lviv on Saturday. “We invest a lot in expanding coverage, but we invest even more in coverage capacity in order … Read more
PrJSC Pharmaceutical Firm Darnitsa (Kyiv) has become a member of the European Business Association (EBA), the company’s press service reported. “The primary goal of our cooperation with EBA is to take part in solving the issues, important for the country’s investment climate and for the development of the Ukrainian pharmaceuticals industry,” Dmytro Shymkiv, the … Read more
The mobile communications market in Ukraine first since 2014 could show positive growth of revenue in 2019 adjusted to inflation, President of Kyivstar mobile communications operator Alexander Komarov told reporters in Lviv on Saturday. “In 2019, for the first time since 2014, we will be able to show positive growth with an adjustment to inflation. … Read more