PrivatBank is going to appeal a ruling by Kyiv’s district administrative court, which found it illegal to forcibly swap PrivatBank’s certain obligations for shares of an additional issue by the bank, the so-called bail-in procedure. “The decision of the court of first instance will be appealed by us, and we will prove our position,” PrivatBank…
Board Chairman of PJSC Ukzaliznytsia Wojciech Balczun says that UAH 2.5 billion is planned to be invested in Lviv Railways in 2017. Speaking at a press conference in Lviv, Balczun stated that “a portion of these funds will be spent on infrastructure, another portion – on upgrading the rolling stock”. In particular, he noted that…
In six years, the trade turnover between Kyrgyzstan and the United Arab Emirates amounted to $520.7 million, the Minister of Economy of the Kyrgyz Republic Arzybek Kozhoshev announced on May 24 at the Kyrgyz-Arab business forum. According to him, Kyrgyzstan attaches special importance to the development of relations with the UAE. Bilateral relations are on…
In the first fortnight of May, Ukraine’s retail prices for socially important products increased, namely the prices for the so-called “borsch” vegetables and meat, the Economic Discussion Club reports. “Potatoes and “borsch” vegetables showed a record growth in prices again. Over the first twenty days of May, consumer prices for these products have increased as…
As of April 1, Tajikistan’s external debt amounted to $2.2843 billion, $2.1078 billion of which is state debt, according the Ministry of Finance (MoF) Secretariat. Government-guaranteed debts amount to $23.3 million. Debts of state-owned enterprises without government guarantees have reached $31.5 million. The debts of the National Bank of Tajikistan (NBT) now amount to $12.6…
Compared to March, the level of producer prices in Latvian industry grew by 0.1% in April. The prices of products sold on the domestic market increased by 0.5%, whereas the prices of exported products dropped by 0.2%. The prices of products exported to euro area countries decreased by 0.2% and of products exported to non-euro…
In January-April water transport of Ukraine carried 3,000 passengers, down by 3.3% YoY. According to the State Statistics Committee, total passenger turnover in Ukraine climbed by 0.3%, to 1.540.8 million passengers. (Portnews/Business World Magazine)