Ukraine: car production down in 2016

Production of passenger cars in Ukraine in 2016, according to preliminary data from the Ukrautoprom association, decreased by 23.2% YoY, to 4,340 units. The result of the year in the passenger segment was formed by two manufacturers: PJSC Eurocar and Zaporizhia Automobile Building Plant (ZAZ). At the same time, Eurocar increased production of Skoda cars…

Ukraine: grain harvest in 2016 breaks record

Grain harvest in Ukraine 2016 has broken a record being 66 million tons (in standard weight), up by 5.9 million tons YoY. Ukraine’s Agricultural Policy and Food Ministry reported that in 2016 grain yield records were hit: wheat – 42.1 hundredweights per ha, rye – 27.3 hundredweights per ha, corn – 66 hundredweights per ha…

Ukraine: owners of PC Bank seek to liquidate it

PC Bank (People’s Capital Bank, Kyiv) with largest shareholders as of early December 2016 Russian citizen Valery Makarenko (14.24%), Svitlana Ostapenko (9.84%), Ruslan Parkhomenko (9.68%), Oleksiy Yaroshenko (9.07%), Oleksandr Voroniak (8.6%) and Oleh Lutsky (8.07%) could be liquidated under an initiative of its owners. The issue was put on the agenda of an extraordinary general…