The Cabinet of Ministers has approved a resolution to attract a EUR 63-million loan from the EBRD for the modernization of the logistics network and rural branches of JSC Ukrposhta, Ukraine’s national postal operator. The relevant decision was approved at a government meeting on October 21. “Ukrposhta continues to implement a large-scale investment program for…
Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of JSC CB PrivatBank at B- with Stable Outlook. Fitch Ratings also reaffirmed the bank’s Viability Rating (VR) at its current level of “b”. The affirmation of national ratings at AA(ukr) with Stable Outlook reflects the unchanged creditworthiness PrivatBank compared to similar banks in Ukraine.…
On October 20, the Ukrainian Finance Ministry raised UAH 7.155 billion towards the state budget as a result of auctions on the placement of domestic government bonds, the ministry’s press service report. The Finance Ministry offered investors two issues of hryvnia-denominated bonds, with a maturity of three months and one year, and one issue of…
The number of passengers serviced by Ukrainian transport companies in January-September decreased by 54.4% (2.2-fold) YoY, to 37.1 billion passenger-kilometers, according to the data provided by the State Statistics Service of Ukraine. Over the reporting period, 1.90 billion passengers used the services of domestic transport companies, down by 40%. In particular, the number of passengers…
Since the beginning of 2020, Kherson region has received UAH 3.5 million in tourist tax payments, according to the Main Department of the State Tax Service of Kherson region. “As of October 15, revenues from tourist tax payments from legal entities and individuals amounted to UAH 3.5 million. Due to the adaptive quarantine, a shortfall…
As of October, Ukrainian entrepreneurs have received loans for a total sum of UAH 10.4 billion under the government program “Affordable loans at 5-7-9%”, Prime Minister Denys Shmyhal has informed on Facebook. “When the government introduced changes to the program “5-7-9″ in May and June, we said that it would be a success if small…
Ukraine in January-September reduced foreign currency revenue from electricity exports by 24.2% YoY, to $205.61 million. Hungary accounted for 45.3% of Ukrainian electricity sold abroad ($93.1 million), while the share of Poland was 30.8% ($63.4 million) and that of Romania – 17.8% ($36.1 million), according to Ukraine’s State Customs Service. Electricity exports to other countries…