The decision by the National Bank of Ukraine (NBU) on reducing the key policy rate by 1%, to 15.5%, is based on the main assumption of an updated macroeconomic outlook for successful cooperation with the International Monetary Fund (IMF), the press service of the central bank reported this with a reference to the summary of…
DTEK has launched the Pokrovsk Solar Power Plant (240 MW), the second largest solar farm in Europe by installed capacity, according to the company’s press service. “The Pokrovsk SPP will generate annually 400 million kWh of green electricity, which is enough to supply 200 thousand private households. The solar farm helps reduce CO2 emissions into…
The National Bank of Ukraine (NBU) maintained its preliminary inflation forecast for 2019 -2021 and improved economic growth forecast up to 3.5-4%, the central bank stated in its quarterly inflation report for October, according to the NBU press service. “Inflation will have fallen to 6.3% by the end of the current year and come to…
In the three quarters of 2019 Ukrainian banks received UAH 48.35 billion in net profit compared to UAH 10.9 billion over the same period last year. UAH 27.4 billion – over half of this financial result – accounts for PrivatBank, the press service of the National Bank of Ukraine reports. In general, the bank revenues…
Ukraine is to build four toll roads. In particular, Ministry of Infrastructure is developing projects for four roads that will work on concession terms, namely Lviv-Stryi, Kyiv-Bila Tserkva, Lviv-Ternopil, and Lviv-Krakovets, along with projects of ports, airports and train stations. “We, together with the World Bank, have already begun preparations for the concession of roads.…
The National Bank of Ukraine (NBU) bought $90 million on the interbank forex market from October 21 to October 25. This is three times more than during the previous week, the NBU said on its website. The NBU said it did not sell foreign currency last week. As a result of the recent purchases, the…
Ukraine International optimizes the hub at Boryspil International airport with due regard to such factors as demand fluctuations, connecting traffic dynamics, Ukraine’s economic forecast, and the inability to use the Russian airspace. Flight program is being axed due to the need to optimize the airline’s costs and bring it back to the profit zone. The…