Ukrainian banks have generated UAH 9.9 billion in net profit over the past two months. The relevant statement was made by the National Bank of Ukraine. “In January-February, solvent banks generated UAH 9.9 billion in net profit, which was 53% higher compared to the same period last year (UAH 6.5 billion),” the report states. During…
Ukraine has sufficient reserves of energy resources to ensure the sustainable operation of the energy system. This was emphasized by the Minister of Energy of Ukraine German Galushchenko. “Synchronization with European networks has given us additional stability of the energy system in terms of technical flows. And we have the opportunity to attract electricity from…
On the night of March 22, the Ukrainian seaport of Mykolaiv was hit by Russian forces, the official seaport authorities of Ukraine reported. “The port infrastructure was significantly damaged. According to preliminary information, there were no casualties,” they said. (APK-Inform/Business World Magazine)
The National Bank has approved a list of additional measures to maintain the stability of the banking system by minimizing the negative impact of Russian aggression. The regulator has temporarily expanded the list of streamlined regulations governing banking operations. The easing relates to the Regulation on Determining the Amount of credit risk on active banking…
A total of 50 Ukrainian enterprises have already been relocated to western Ukraine as part of the business relocation program, as they have lost an opportunity to operate in certain regions due to the war. The relevant statement was made by the Servant of the People Party Leader, Servant of the People Faction Deputy Head…
The Government abolished measures of state control and market surveillance during martial law. From now on, both scheduled and unscheduled business inspections are halted. This will ensure the stable operation of enterprises under martial law. At the same time, if there is a threat to human rights, legitimate interests, life and health, protection of the…
The International Grains Council (IGC) cut its forecast for Ukraine’s grain exports in the current 2021-2022 season, noting ongoing conflict in the country had fuelled concerns about potential food security risks, Reuters informed. Ukraine’s grain exports were revised to 47.8 million tons, sharply down from last month’s forecast of 62.8 million tons with the council…