The National Bank of Ukraine (NBU) conducted a stability assessment for the 20 largest banks, which collectively have more than 90% of the country sector’s net assets, and identified the need for additional capitalization of five banks, but two of them have already managed to increase capital adequacy to targeted standards following the audit. “Based … Read more
Fitch Ratings has upgraded National Joint-Stock Company Naftogaz Ukrainy’s (Naftogaz) Long-Term Issuer Default Rating (IDR) to ‘CC’ from ‘RD’ (Restricted Default) following the completion of its eurobond restructuring, the company said on its website. “Fitch has affirmed the company’s senior unsecured notes issued by Kondor Finance plc at ‘C’; the Recovery Rating has been revised … Read more
German drone manufacturer Quantum Systems will open an R&D center in Ukraine and plans to recruit employees. Oleksandr Berezhnyi, Country Chief Operational Officer of the company, stated this in a commentary to DOU. The center will start with producing spare parts for its Vector drones in 2024, followed by assembling complete drones within a few … Read more
In Ukraine, a nuclear reactor will be built at the Khmelnytskyi nuclear power plant: it will be the first to use American AP1000 technology – Ministry of Energy of Ukraine. According to reports, the day before, the president of Energoatom, Petro Kotin, and the chief executive officer of the Westinghouse Electric company, Patrick Fragman, signed … Read more
The share of illegal tobacco products from the total market volume in Ukraine in October of this year reached 25.7% compared to 19.5% in June and 20.2% in February, which is a historical maximum for the entire period of such studies, such data from the latest study on monitoring illegal trade in tobacco products in … Read more
The UK Government and UK defence industry conducted their first trade mission to Ukraine. Agreements between UK and Ukrainian companies will enhance resilient defence industrial facilities inside Ukraine, the press service of the UK government has reported. “Meetings in Kyiv followed discussions at the Defence and Security Equipment International (DSEI) exhibition in London in September … Read more
Ukraine’s National Bank (NBU) plans to kickstart Ukraine’s accession to the Single Euro Payments Area (SEPA) in 2024, chairman Andriy Pyshnyi wrote on Facebook. This move comes on the heels of the European Council’s decision on Dec. 14 to commence negotiations on Ukraine’s accession to the EU. “The European Council made a historic decision on … Read more
Ukraine has a groundbreaking plan to establish a network of companies for automated microchip design, projecting production of 50,000 microchips a month within three years, a government official has revealed. Deputy Minister Valeria Ionan shared the country’s ambitious vision for microchip production at Ukraine’s Global Innovation event on Nov. 14. “We will meet the needs … Read more
There are around Ukrainian 307,6k IT specialists, with nearly 242 thousand currently located in Ukraine. In general, Ukrainian IT industry provides for 4.9% of the country’s GDP, according IT Research Ukraine. There are a total of 307600 Ukrainian IT specialists. As of August 2023 only 242000 of specialists are currently located in Ukraine. But the … Read more
NovaPay Credit LLC, which this year placed its debut and two more public issues of interest-bearing bonds with a nominal volume of UAH 100 million each and announced three more such issues, plans to launch some of them on the secondary market using repurchase agreements, financial director of the parent company NovaPay Ihor Prykhodko has … Read more