The mobile communications operator lifecell jointly with IoT Ukraine (Internet of Things) start building the first segment of the national IoT network in Kyiv, the operator has reported on its website. The first stage of the joint project is to cover Kyiv city. The test launch of the network is scheduled for August. Under the … Read more
The State Property Fund of Ukraine (SPF) in two days introduced first 18 small companies that are subject to privatization to the electronic sales system, on particular, facilities in Lviv and Zhytomyr, First Deputy Economic Development and Trade Minister of Ukraine Maskym Nefyodov has said. “These are the first lots that are put up for … Read more
Fitch Ratings has affirmed the ratings of JSC State Savings Bank of Ukraine (Oschadbank) and JSC The State Export-Import Bank of Ukraine (Ukreximbank), including their ‘B-‘ Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) with Stable Outlook, Fitch has said in its press release. “The affirmation of the ratings reflects limited changes to these … Read more
A number of companies have applied for tenders called by the State Property Fund (SPF) of Ukraine to select advisors for the privatization of insulin producer Indar, President Hotel and Odesa Port-Side Chemical Plant with July 20 set as the deadline for applications, an informed source in the government has told Interfax-Ukraine. “There are applications, … Read more
Owner of one of Ukraine’s largest confectionery companies PJSC Production Association Konti (Donetsk region) Borys Kolesnikov plans to build a chocolate factory in the center of Ukraine. “We are thinking about expanding the range of both APK-Invest and Konti, and we want to build a large chocolate factory for Konti in the center of Ukraine, … Read more
Dragon Capital Investments Limited, part of Dragon Capital, has closed a deal on the acquisition of Askor Company (Kyiv), which manages the shopping center Sky Park in Vinnytsia and owns land under it, the company’s press service has said. The transaction value is not disclosed. “Vinnytsia is a powerful regional center in Ukraine with almost … Read more
Dragon Capital owns 24.788% of shares in Ukrainian Exchange (Kyiv), company CEO Tomas Fiala has told Interfax-Ukraine. “The recent deal with the exchange’s shares was an operation inside the group. We did not sell the securities and do not intend to sell our stake in Ukrainian Exchange,” he said. As reported, Moscow Exchange (Russia) in … Read more
ICU Investment Group has acquired Transgarant-Ukraine, a subsidiary of the Russian FESCO group’s railway operator Firm Transgarant LLC through Cyprus Aina Management Ltd. ICU’s press service confirmed the closure of the deal in a comment to Interfax-Ukraine. “The fleet of freight cars is the main asset of this enterprise. Amid the shortage of rolling stock … Read more
Ukraine’s Verkhovna Rada has supported in the first reading the bills on reducing excise tax on cars (No. 8487) and on strengthening control over the movement and use of cars registered in other states (No. 8488), which were developed by the Rada Committee on Tax Policy to address the proliferation of cars with foreign license … Read more
Ukraine’s Verkhovna Rada did not support clarification to the recently adopted law of Ukraine on strengthening creditors’ rights (bill No. 6027-d “On Amending Certain Legislative Acts of Ukraine Regarding Renewal of Crediting”). Only 203 lawmakers voted for the measure, 13 fewer than the required minimum of 226 votes. “According to Article 131 of parliament’s regulations, … Read more