On December 30, 2019 the Ministry of Infrastructure of Ukraine, Ukrzaliznytsia (Ukrainian Railways) and Wabtec (GE Transportation) signed a memorandum, which provided for conclusion of contracts for the delivery of 40 General Electric TE33AC locomotives in 2020 and the provision of maintenance service for 70 such locomotives. “We plan to purchase 40 General Electric locomotives…
The National Bank of Ukraine (NBU) plans to carry out inspections in 45 banks in 2020, the press service of the central bank has reported. “The list of financial institutions subject to scheduled inspections in 2020 includes 45 banks,” reads the report. Also, from July 1 the National Bank will start on-site inspections of non-bank…
Cabinet of Ministers has approved an action plan to reform rail transport, which envisages the preparation of JSC Ukrzaliznytsia for an initial public offering (IPO) and the opening of the rail transportation market, according to Infrastructure Minister Vladyslav Kryklii. “The preparation of Ukrzaliznytsia for an IPO and the opening of the rail transportation market are…
Vinnytsia region has completed sugar-refining season with the lowest figures in four years. In total, six refineries produced 331 thousand tons of sugar, down by 93 thousand tons YoY. Even with such a significant decline, the region remains the leader in sugar production in comparison with other beet-growing areas of the country. This spring the…
Ukrainian Infrastructure Minister Vladyslav Kryklii has stated that the ministry intends to increase the share of low cost airlines in the Ukrainian aviation market to 45% in 2020 and to 63% in consecutive years. “We will make every effort so that air travel for Ukrainians to become as common as travel by bus or train,”…
The Ukrainian Finance Ministry attracted UAH 5.3 billion to the state budget as a result of the sale of government domestic loan bonds on December 24, the Finance Ministry’s press service reported. “As a result of the scheduled placement of government domestic loan bonds, the state budget was replenished with UAH 5,295,757,903.17 (at the exchange…
Ukraine’s state and government-guaranteed debt grew by 5.8% YoY, or by $4.5 billion, in January-November, to $82.8 billion. The country’s debt in the hryvnia equivalent shrank by 8.2%, or by $177.7 billion, to UAH 1.991 trillion, Ukraine’s Finance Ministry said on its website. State debt in November rose by 1.2% in the dollar equivalent, whereas…