PrJSC “Pharmaceutical firm “Darnitsa” (Kyiv) got UAH 449.134 million net profit in 2018, which is 31.3 percent more than in 2017. This is what the company’s shareholders are going to discuss during the annual yearly meeting, planned for April 3. “To approve the following procedure of distribution of profits in line with the financial results of 2018: … Read more
U.S. Jabil Circuit is building a second electronics manufacturing site in the village of Rozivka, Zakarpattia region. According to the company, with the expansion of manufacturing in Uzhgorod the facilities of the Ukrainian division of the company would double. Mobile phones, media players and PCs for exports to the European Union will be assembled at … Read more
Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch said in its press release that Ukraine’s ratings balance weak external liquidity, high external financing needs driven by sovereign external debt repayments, a weak banking sector, institutional constraints and political risks in relation to peers, against improved … Read more
The National Bank of Ukraine (NBU) plans to bring the criteria of determining systemically important banks in line with the recommendations of the European Banking Authority (EBA), according to a posting on the website of the central bank. The National Bank plans to complete the update of the methodology for assessing the systemic importance of … Read more
Ukraine and Russia via diplomatic channels have signed a protocol regarding quotas for industrial fishing in the Sea of Azov, according to the State Fisheries Agency of Ukraine. “After lengthy consultations with relevant executive authorities, it was decided to send the protocol for signature to the Russian side through diplomatic channels so that Ukrainian fishermen … Read more
Kernel, one of the largest Ukrainian agricultural groups, received $164 million of net profit in the first half of the 2019 fiscal year (FY, July 2018-June 2019), which is 83% more than in the same period last year. According to the company’s financial report on the website, its revenue in July-December 2019 FY increased by … Read more
TIU Canada plans to complete construction of two solar power plants with a total capacity of some 31 MW in Lymansky district of Odesa region this summer, TIU Canada in Ukraine Manager Valentyna Beliakova has said in an interview with Reform.Energy portal. Commenting on plans to expand the solar power plants portfolio to 100 MW, … Read more
Biopharma, a manufacturer of products from human donor plasma, has begun commissioning work at a new fractionator plant, which is being built in Bila Tserkva (Kyiv region). “Biopharma has started commissioning work at the new plant,” Kostiantyn Yefymenko, the head of the board of directors of the Biopharma group of companies, said on his Facebook … Read more
The National Bank of Ukraine (NBU) has completed the expanded pilot project to launch the e-hryvnia and continues studying the prospects of applying the tool, the director of the department of payment systems and innovative development of the central bank, Oleksandr Yablunivsky, has said. “At the end of last year, we launched a practical pilot, … Read more
Ukraine’s real gross domestic product (GDP) in the fourth quarter (Q4) of 2018 increased by 3.4% compared to the same period of 2017, while it grew by 2.8% in the third quarter, by 3.8% in the second quarter, and by 3.1% in the first quarter, the State Statistics Service of Ukraine said on Thursday. The … Read more