Ukraine since the beginning of the 2019-2020 marketing year (MY, July-June) has reduced production of bread and bakery goods by 12.3%, and in March compared to March 2019 by 13.8%. According to the agency, production of flour since the beginning of the current MY has decreased by 3.1%, and in March by 8.8%. In March…
The situation in Ukraine’s economy is extremely difficult due to lockdown measures aimed at combating the spread of coronavirus disease (COVID-19), Prime Minister Denys Shmyhal has said. He said that lockdown measures had the greatest impact on micro, small and medium-sized businesses. “We do not underestimate the situation regarding how many people lost their jobs…
Bill No. 3329-2 that foresees a reduction in Ukrainian banks’ minimum charter capital from UAH 500 million ($18.5 million) to UAH 200 million ($7.4 million) has passed its first reading. The bill amends the Tax Code of Ukraine and other laws to additionally support taxpayers during the quarantine period set to combat the spread of…
The State Agency of Automobile Roads of Ukraine (Ukravtodor) has announced its intention to overhaul 40 km of the M-05 Kyiv-Odesa road at the expense of funds from international financial organizations, and Onur Taahhut Tasimacilik Insaat Ticaret Ve Sanayi A.S. (Turkey) has been determined as the contractor with a contract signed for the amount of…
The State Agency of Automobile Roads of Ukraine (Ukravtodor) plans to receive the second tranche of the loan under state guarantees in June. “We depend on construction plans, but the next tranche will be in June,” Ukravtodor Head Oleksandr Kubrakov said. He noted that on April 30, Ukravtodor received the first tranche of the loan…
Operating banks in Ukraine in January-March posted UAH 15.974 billion, or $592 million, in profit, up by 23.8% YoY. The banks’ revenue for this period increased by 12.6%, to UAH 65.343 billion ($2.4 billion), and expenses grew by 9.4%, to UAH 49.369 billion ($1.8 billion), the National Bank of Ukraine said on its website. Data…
PrJSC Donbasenergo, an electricity generating company, in January-March saw UAH 58.03 million in net profit, up 26.4-fold YoY. According to a company report in the information disclosure system of the National Securities and Stock Market Commission, its net revenue over the period grew by 1.3%, to UAH 1.587 billion, while gross profit fell by 17.35,…