Ukraine: TAScombank to merge with VS Bank

Sergiy Tigipko intends after the purchase of VS Bank (Lviv) to merge it with TAScombank (Kyiv), the businessman said during the Ukrainian banking forum CIS Bankers held in Kyiv. “We want to merge VS Bank and TAScombank – we undertook such obligations. This will allow us to significantly increase the capital (by 60%), which we’ve…

Ukraine: Kyiv and Warsaw agree on cooperation in building Via Carpatia highway

Ukrainian and Polish Infrastructure Ministers Volodymyr Omelyan and Andrzej Adamczyk have signed a memorandum on cooperation in the implementation of an international infrastructure project – the construction of the Via Carpatia transport corridor. The document was signed in Przemysl on October 22 in the presence of Verkhovna Rada Chairman Andriy Parubiy and Marshal of the…

Ukraine: coffee sales up in 2016-2017

The Ukrainian coffee market showed an increase in sales by 3% in natural terms in the period from September 2016 to August 2017, the Nielsen research company has said. According to a press release, during the same period of 2015-2016 coffee sales dropped by 8%. In September 2016 – August 2017 the segment of natural…

Ukraine: AR-15 assault rifle variant constructed

Ukraine’s state-owned Ukroboronprom has recently showcased its locally built variant of the AR-15 assault rifle – M4-WAC-47. The Ukrainian Ministry of Defense (MoD) intends to induct the M4-WAC-47 as part of its technical and operational alignment with NATO. The M4-WAC-47 was developed in collaboration with U.S.-based Aeroscraft. Besides 5.56×45 mm NATO rounds, the M4-WAC-47 can…