JSC Oschadbank will join the Deposit Guarantee Fund from January 1, 2021 after introducing appropriate changes to the Ukrainian legislation, according to the Finance Ministry. The plan on Oschadbank’s joining the Deposit Guarantee Fund was approved at a regular meeting of the Financial Stability Council on September 2. According to the ministry, due to a…
Ukraine intends to resume and expand agricultural exports, attract Chinese investment in agricultural, industrial and technology parks in Ukraine, infrastructure and energy projects, Deputy Prime Minister for European and Euro-Atlantic Integration Olha Stefanishyna has said during a meeting with with Ambassador Extraordinary and Plenipotentiary of China to Ukraine Fan Xianrong. “90% of corn imported by…
On September 5, “Radekhivskyi Sugar” LLC was the first in Ukraine to begin the 2020 sugar beet processing season at Radekhiv subdivision. All preparatory and repair processes have been completed. The first sugar beet was delivered to the territory of the beet receiving station. (Ukrsugar/Business World Magazine)
Natural gas stocks in Ukraine’s underground storage facilities (USFs) grew by 2.6%, to 26.07 billion cubic meters within a week, from August 30 to September 5. As of September 5, gas reserves in the country’s USFs increased by 39% from 18.8 billion cubic meters as of September 5, 2019, state-run LLC Gas Transmission System Operator…
JSB Ukrgasbank has already issued UAH 500 million of investment loans under the government program “Affordable Loans at 5-7-9%”, the largest indicator among the banks participating in the program, according to a report posted on the bank’s website. “Overall, Ukrgasbank has already financed “Affordable Loans at 5-7-9%” for a total sum of UAH 734 million,…
Russia’s ongoing aggression in Eastern Ukraine remains one of the key threats to national security, so the level of funding for the security and defense sector for the next year cannot be reduced, Secretary of the National Security and Defense Council of Ukraine (NSDC) Oleksiy Danilov has said this during a meeting on the defense…
Ukraine’s ready-to-eat and canned fish exports grew by 7% YoY in January-June, to $3.5 million, according to the press service of the State Agency of Fisheries. “In January-June, Ukraine exported 1,900 tons of ready-to-eat and canned fish worth $3.5 million, up by $232.1 thousand (7%) YoY,” reads the report. The biggest buyers of Ukrainian-produced ready-to-eat…