The National Bank of Ukraine (NBU) applied measures of influence to three banks in February due to the violation of legislation in the field of financial monitoring, the central bank’s press service reported. “The National Bank of Ukraine, following inspections on preventing and countering the legalization (laundering) of proceeds of crime, terrorist financing and financing…
Finance Ministry increased the state budget deficit in 2019 to UAH 81 billion ($3.3 billion), whereas earlier this figure was UAH 78.05 billion ($3.1 billion). “The Law of Ukraine “On the State Budget of Ukraine for 2019″ defines the annual limit of the state budget deficit in the amount of UAH 91.1 billion ($3.7 billion).…
“Shepetivka Sugar” LLC will determine the quality of “sweet” roots with the help of the first in Ukraine robotic beet laboratory. Shepetivka Sugar Refinery will meet next season not only with the European technology of sugar beet dry transportation, but also innovative technologies for determining the quality of root crops, because the company plans to…
First Deputy Minister of Economic Development, Trade and Agriculture Pavlo Kukhta says the ministry plans to raise about $5 billion for the national budget from the sale of state-owned enterprises. “Now we are selecting the last group of enterprises subject to privatization via the State Property Fund, that is more than 300 companies. Following that,…
Companies that are part of the Ukroboronprom Group from 2015 to 2019 through foreign intermediaries purchased Russian military products, whose cost was overestimated by two to three times. That’s according to a pre-trial investigation conducted by the Main Investigative Department of the Security Service of Ukraine. The court says special exporters in the interests of…
Expert in the honey market Valeriy Sureiko said Ukraine in 2019 boosted honey exports by 12.7%, to 55,600 tons, with a total production of about 110,000 tons. “Honey exports reached 55,600 tons worth more than $100 million by the end of 2019, up by 12.7% YoY,” he said at a press conference. At the same…
Ukraine and Armenia are stepping up dialogue to strengthen cooperation in various fields. Minister of Social Policy of Ukraine Yulia Sokolovska discussed this issue with Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to Ukraine Tigran Seyranyan, the Ministry of Social Policy reported. “The parties agreed that Kyiv and Yerevan should strengthen cooperation in…