Ukraine: one more bank liquidated

The Deposit Guarantee Fund has completed the liquidation of PJSC Unikombank, according to the Fund’s press service. “On November 14 relevant documents were submitted to the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations to register the termination of PJSC Unikombank as a legal entity, thus, the process of liquidation of the…

Ukraine: Ukreximbank head detention not to affect work

The Supervisory and Management Boards of Ukraine’s state-owned Ukreximbank have assured that the detention of the bank’s head, Oleksandr Hrytsenko, by the SBU Security Service of Ukraine will not affect the financial institution’s work. “The Supervisory Board and the Management Boards of the bank continue ensuring the financial institution’s efficient operation and guarantee its customers…

Ukraine: freight railway tariffs to be cut

Ukrmetprom President Oleksandr Kalenkov says freight railway tariffs should be reduced by 10% in Ukraine under the current crisis conditions. “Amid the crisis in all industries in global markets, we need to consider the issue of lowering Ukrzaliznytsia’s tariffs by 10%, that is to set such a precedent. This will give an additional incentive to…

Ukraine: Ternopil sugar refineries produce more than 146 tons of sugar

Agricultural farms of Ternopil region have almost completed sugar beet harvesting. Thus, the local sugar refineries are in the midst of the sugar production season, the press service of Ternopil Regional State Administration reports. The Director of the Department of Agro-Industrial Development of the Regional State Administration Volodymyr Stakhov said, that sugar refineries in Khorostkiv…

Ukraine: SkyUp opens base at Zaporizhzhia airport

SkyUp, a Ukrainian low-cost airline, has opened a new base at the Zaporizhzhia International Airport and intends to expand its flight geography, including from Zaporizhzhia city, CEO Yevhen Khainatskyi stated at a meeting held at Zaporizhzhia City Council on November 14. “SkyUp continues to expand the announced program from regions. In particular, the airline launched…

Ukraine: vehicle production down in October 2019

Ukrainian plants manufactured 913 motor vehicles in October, down by 13% MoM, according to the Ukrainian Motor Vehicle Manufacturers Association (UkrAutoProm). All statistics on cars was again formed by the assembly of Skoda cars at ZAO Eurocar. The October result of Eurocar made up 802 cars. The October production of commercial vehicles (the data does…

Ukraine: potato imports up in October 2019

In October Ukraine imported 92,600 tons of potatoes, which exceeded the annual import volume, according to Ukrainian Horticultural Association (UHA). “The critical situation with the potato import growth in the country reached its peak in October. That month the record for imports was again updated – 92,600 tons of commercial potatoes were supplied to the…