State-owned PrivatBank in the third quarter of 2023 again topped the list of banks with the highest net profit with an indicator of UAH 13.624 billion, followed by two more state-owned banks: Oschadbank – UAH 7.338 billion and the nationalized Sense Bank – UAH 3.441 billion. According to the data published by the National Bank … Read more
The Ukrainian parliament has approved the first draft of a bill that would raise taxes for commercial banks, Ukrainian MP and Deputy Head of the Finance Committee, Yaroslav Zheleznyak, said in a Telegram post on Oct. 19. According to him, the bill was supported by 247 MPs in its first reading. The document will now … Read more
For 2023, the Ukrainian Danube ports of Ukraine increased cargo handling by 2.2 times to 27.6 million tons compared to the same period last year. The head of the Administration of Sea Ports of Ukraine State Enterprise, Yuriy Lytvyn, announced this, Ukrinform reports. As mentioned, the ports on the Danube (Reni, Izmail, and Ust-Dunaisk) saw … Read more
The European Investment Bank (EIB) and Kyiv City Council, building on a long-term and successful partnership, signed a new cooperation agreement during the Kyiv Investment Forum 2023 in Brussels on Thursday. “This agreement provides the city of Kyiv with strategic advisory services for transforming its urban electric transport system and supports the preparation of significant … Read more
The Ukrainian government has established a new mechanism for insuring ships against war risks, significantly reducing insurance premiums for carriers involved in maritime imports and exports to and from the country. In early November, the Cabinet of Ministers approved a decision to guarantee the safety of navigation and promote the stability of maritime transport. “Ship … Read more
The railway ministries of Ukraine, Romania, and Moldova have developed a number of measures to improve freight transportation along the Reni-Giurgiulesti-Galati direction and return, Moldova’s Calea Ferata din Moldova federal operator posted on social media. A trilateral meeting of the railway operators took place in Chisinau on November 8-9, during which the parties agreed on … Read more
Ukraine’s leading postal service has made it a priority to connect Ukrainian refugees living abroad with friends and family back home, and plans to continue its ambitious growth through 2024. Nova Poshta co-founder, Volodymyr Popereshnyuk, has revealed the schedule for opening new branches in European countries in 2023-2024. The company aims to enter markets in … Read more
Corporation Tervin finalized a memorandum with Ukraine Invest to support an investment initiative worth over $500 million with potential expansion to reach $1 billion, Ruslan Shostak, co-owner of the EVA and Varus networks, announced on Facebook on Nov. 10. “We developed this investment initiative based on our own needs and market demands,” he wrote. “Experts … Read more
Almost $40 million (over UAH 1.4 billion) has been paid in taxes by the Ukrainian tourism industry since the beginning of the year, which is a 13% increase compared to the same period in 2022 when more than $33 million (UAH 1.2 billion) in taxes were paid, the State Agency for Tourism Development reported in … Read more
Mutual recognition of GMP certificates will allow Ukrainian pharmaceutical manufacturers to intensify exports to the EU market with fewer regulatory barriers, domestic companies have fulfilled all the conditions set, according to pharmaceutical market participants interviewed by the Interfax-Ukraine agency. “We will be very happy when mutual recognition of GMP certificates becomes possible, but for now … Read more