The National Bank of Ukraine on December 18 made a decision to terminate the banking license of Kyiv’s VTB Bank, a subsidiary of the eponymous Russian lender, the press service of the Individuals’ Deposit Guarantee Fund reported. “The Deposit Guarantee Fund made the corresponding decision based on the National Bank decision on December 18 on…
According to USPA, the development plan of Nikolayev port for 5-25 years, approved by the Ministry of Infrastructure in July, provides implementation of the project “Construction of a universal transshipment complex (UTC) for grain, general or bulk cargo in the rear of berth No. 8”. This is a private investment project of LLC “Avesta Trans”,…
Ukraine’s state-run defense concern UkrOboronProm says a new 152 mm high precision-guided artillery projectile Kvitnyk is ready to undergo scheduled testing. All components of the new ammunition are 100% Ukraine-made, the arms manufacturer boasts. “The state-owned Progres Research and Production Complex, which is a part of UkrOboronProm, has completed the works on total import substitution…
Ukrainian state-owned railway operator Ukrzaliznytsia (Ukrainian Railways) plans to borrow UAH 40 billion ($1.31 billion at a reference rate of UAH 30.5 per U.S. dollar – this forex rate is applicable throughout the text) and repay UAH 39.2 billion ($1.29 billion) in 2019. As of the beginning of 2019, the company’s balance on financial obligations…
Ukrainian economist Yevhen Oleynikov says Ukrainians should not be worried about an increase in food prices before the spring of 2019 and stores will be selling products at December prices after the New Year holidays. “In January, retail stores have the previous year’s remnants. That is, in fact, retailers are analyzing what and how it…
The budgets of united territorial communities will grow to UAH 292.3 billion in 2019 and the state support for regional development will amount to over UAH 30 billion, Vice Prime Minister Hennadiy Zubko wrote on his Facebook page. “Own local budget revenues will grow to UAH 292.3 billion in 2019. In addition, the state support…
Bank Lviv and the German-Ukrainian Fund (GUF) have signed an agreement for EUR 3 million to provide lending for small and medium-sized enterprises (SMEs). “In accordance with the signed loan agreements, Bank Lviv will provide loans to SMEs as part of a micro-lending program and a new SME program to support the financing of SME…