Retail trade in Ukraine grew by 7.9% YoY in comparable prices in January-April 2019, to UAH 319.887 billion ($12.3 billion). Retail turnover increased the most in Vinnytsia region (by 13.2%, to UAH 5.167 billion or $197.9 million), Kyiv region (by 12.1% to UAH 17.798 billion or $681.7 million), Ivano-Frankivsk region (by 12% to $4.551 or…
In the current year, the harvest of sunflower seed in Ukraine will total nearly 13.36 million tons, down by 5.7% YoY, while the harvest of soybeans will grow by 5.1%, to 4.703 million tons, reported the Ukrainian Food Export Board (UFEB). It was noted that the harvest of rapeseed was forecast at the level of…
Pasha Bank Georgia and Pasha Yatirim Bankasi A.S., subsidiary banks of Azerbaijan’s Pasha Bank OJSC, improved the financial performance in 2018, Chief Financial Administrator, member of the Bank’s board Bahruz Naghiyev said. Naghiyev made the remarks in Baku at the press conference dedicated to the outcome of the subsidiaries’ activity in 2018. Pasha Bank Georgia’s…
Estonia-founded international money transfer company Transferwise has closed a secondary funding round of $292 million, or EUR 261.1 million. Investors used the Transferwise for Business platform when settling the financing. Transferwise is now valued at $3.5 billion, and the latest funding round brings the total raised by the company in both primary and secondary funding…
Sergo Stepanyan and Samvel Stepanyan, Russia-based Armenian brothers and successful businessmen, have invested nearly $210,000 (100,000,000 drams) in the Armenian province of Kotayk, the Ministry of Diaspora reported. The two Armenians have funded the construction of a 3 km road in the Nor Yerznka community of the province. The inauguration of the road will take…
Ukraine International Airlines takes the 4th place in the listing of the most punctual international carriers operating into Beijing Capital International Airport as of April. In April, UIA operated 30 non-stop flights Kyiv-Beijing-Kyiv, with at least 26 of them – on time. The high level of punctuality – around 83.33% – allowed the leading Ukrainian…
The Deposit Guarantee Fund of Ukraine last week sold insolvent banks’ assets worth UAH 506.26 million, the fund’s press service reports. “Last week the assets of 18 banks, which are in the management of the Fund, were sold for UAH 506.26 million,” the report says. In particular, UAH 84.92 million was received from the repayment…