The government of Ukraine on July 21 made a decision on state participation in the withdrawal of the systemically important JSC Sense Bank from the market in order to ensure the stability of the country’s financial system and protect the interests of depositors and other creditors of the bank, the Ministry of Finance said. “Nationalization … Read more
Europe’s biggest low-cost carrier Ryanair considers the possibility of resuming a limited number of flights to Ukraine once the European Union Aviation Safety Agency (EUASA) declares it to be safe, Chief Executive Officer Michael O’Leary said in an interview with Interfax Ukraine on July 21. “So, there are two plans, one, the war finishes and … Read more
The Ukrainian pharmaceutical industry is making remarkable strides towards recovery, as the pace of sales decline in the first half of 2023 has significantly slowed down. Reports indicate that the sales volume of medicinal products in Ukraine surpassed an impressive 420 million packages over the course of the first six months of 2023. As a … Read more
The National Bank of Ukraine (NBU) has decided to withdraw Sense Bank (formerly Alfa-Bank) from the market and turned to the government with a proposal to nationalize it, NBU Governor Andriy Pyshnyy said. “The board of the National Bank … decided to withdraw the systemically important Sense Bank from the market and made a proposal … Read more
The Deposit Guarantee Fund promises minimal restrictions for Sense Bank clients during the period of its nationalization until Monday morning, July 24: no loans will be issued during this period, and legal entities will not be able to use the bank’s services until the afternoon of July 21, said Svitlana Rekrut, the director of the … Read more
Ireland’s Ryanair, Europe’s largest low cost airline, announced its commitment to resume flights to/from Ukraine at low fares within 8 weeks after the opening of Ukrainian airspace and plans to deploy up to 30 new Boeing 737 MAX costing more than $3 billion in Kyiv, Lviv and Odesa. “Ryanair was Ukraine’s second largest airline before … Read more
The NovaPay international payment system in January-June 2023 increased the number of money transfers by 12.2% compared to the same period in 2021, to 165.7 million, the company’s press service reported. During this period, UAH 108.1 billion passed through the system, which is 58.5% more than in the first half of 2021. “We record not … Read more
Boryspil International Airport signed a Memorandum of Understanding with the well-known Korean company Hyundai Engineering. This was announced on the airport’s Facebook page. The agreement envisages partnership and cooperation between the two parties in the restoration and development of the aviation infrastructure of Ukraine. The memorandum with Hyundai E&C opens up new opportunities for the … Read more
Ukrainian wine exported to 49 countries in 2022 received 37 awards at international exhibitions, at the same time, for further economic development, viticulture needs legislative changes, Minister of Agrarian Policy and Food Mykola Solsky said at a meeting with representatives of the wine market. “The wine industry suffered significant losses due to a full-scale war. … Read more
The negative balance of Ukraine’s foreign trade in goods in January-May 2023 increased 9 times compared to the same period in 2022, to $8.975 billion from $1.004 billion, the State Statistics Service reported on Friday. According to its data, the export of goods from Ukraine over the specified period compared to January-May 2022 decreased by … Read more