Easing inflationary pressures, moderating economic imbalances and declining debt support Ukraine’s sovereign credit profile, but IMF program delays remain a source of uncertainty, Fitch Ratings has said. “The program is a key factor for sovereign creditworthiness, as it mitigates low external liquidity and reduces refinancing risks,” a report on the agency’s website reads. “Increased exchange … Read more
The online supermarket Rozetka and the EVO group of companies plan to merge, Vladyslav Chechotkin, the founder and co-owner of Rosetka.UA, said on his Facebook page. “As a result of the planned deal, Rozetka will buy out Naspers’ share in the EVO group of companies, the share of the EVO founders will be transformed into … Read more
Imperovo Foods LLC (Ivano-Frankivsk), PJSC Avangard (Kyiv) and PJSC Rise-Maximko (Kyiv) have filed an application for restructuring their obligations to state-controlled Oschadbank (Kyiv) within the procedure established by the law on financial restructuring. According to the website of the administrative secretariat of the Independent Association of Banks of Ukraine, which oversees the system of financial … Read more
Kyiv Sikorsky International Airport (Zhuliany) in January-July 2018 serviced around 1.5 million passengers, according to a posting on the official Facebook page of the airport. “On August 1, 2018, the airport serviced a 1.5 millionth passenger since the beginning of the year. The figure is indicative. It indicates the rapid and confident development of the … Read more
Lviv International Danylo Halytsky Airport in January-July of this year increased passenger traffic by 49.7%, to 844,500 people, according to the airport’s official Facebook page. In July 2018 the airport transported 193,100 passengers, which is 45,4% more than in Jul -2017. The number of flights made in July reached 1,600, which is 26% more than … Read more
UDP Renewables, part of UFuture Group of Vasyl Khmelnytsky, has built a solar power plant with an installed capacity of 18 MW in Kherson region, the businessman said on his Facebook page. “UDP Renewables has built an 18 MW solar plant in Rykove (Kherson region). Considering the fact that the Kherson sun is much more … Read more
Ukrainian President Petro Poroshenko on July 30, 2018 signed a bill amending some Ukrainian laws regarding regulation of some biosecurity procedures into law, the European Business Association (EBA) has reported. “This week, the President of Ukraine signed the bill No. 6673, which introduces international practice in Ukraine – involving the private sector in biosecurity examination … Read more
PJSC Motors Sich (Zaporizhia) and PrJSC Plant Kuznya on Rybalsky (Kyiv) have entered the League of Defense Companies of Ukraine. According to a report on the league’s website, following the consideration of the applications filed by the companies, the league board decided to include PJSC Motor Sich and PrJSC Plant Kuznya on Rybalsky as associate … Read more
Ukrnafta saw net profit rise by 54.3% in January-June 2018 compared to the same period in 2017, to UAH 2.061 billion. According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, its net income grew by 21.6%, to UAH 16.762 billion, gross profit by 40.8%, … Read more
The Slovenian company Riko in August this year will begin the construction of a solar power plant with a capacity of 10.6 MW near Zhytomyr, mayor of the regional center Serhiy Sukhomlin, who signed a contract with director of the Slovenian company Janez Skrabec, has said. “The plant will be built near the village of … Read more