Ukraine: BAU pork sales up in 2016

PJSC Bakhmutsky Agrarian Union (Donetsk region), a pork producing enterprise, in 2016 increased pork sales by 4.9% YoY, to 15,280 tons (live weight). According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, last year its net loss amounted to UAH 55.9 million against a…

Ukraine: NBU declares Diamantbank insolvent

The National Bank of Ukraine (NBU) on April 24, recognized Diamantbank (Kyiv) insolvent, according to the central bank’s website. The NBU board made corresponding decision No. 264-RSh/BT as of April 1, the bank failed to achieve the minimum level of regulatory capital adequacy at a ratio of 5% established by the central bank. Following the…

Ukraine and Georgia to jointly develop transport corridor from the Baltics to Caspian Sea

Ukraine and Georgia have agreed on the development of the Baltic Sea – Black Sea – Caspian Sea international transport corridor at the meeting of the joint intergovernmental commission on economic cooperation. Ukraine’s Vice Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsyntsadze announced this at the briefing. “We agreed to continue cooperation on the…

Ukraine: average salary up in 2017

This year the average salary in Ukraine grew by 35% and the actual incomes of citizens – by 20%, Prime Minister of Ukraine Volodymyr Groysman stated during a meeting of the parliamentary committee on April 12. “This year the average salary grew by 35%, while inflation persisted at moderate rates. The actual incomes grew by…

Ukraine: government approves attraction of external advisor to upgrade state-owned banks reform strategy

Ukraine’s Cabinet of Ministers, under a proposal of the Finance Ministry, has approved the attraction of an external advisor who will advise the ministry in upgrade of the strategy for reforming state-owned banks. The decision was made by the government on April 12. “Implementing clause 13 of the memorandum (signed by Ukraine and the International…