Ukraine’s state-owned banks in 2018 reduced problem loans by UAH 5 billion, or by $185.3 million, and restructured debts by UAH 21 billion, or by $778.1 million. The country’s Financial Stability Council in July 2018 created a committee to regulate non-performing loans of state-run banks. It also developed recommendations for such banks, according to the…
From March 15, air service between Uzhhorod and Kyiv will be resumed with the Kyiv-Lviv-Uzhhorod flight, which will be operated once a week, President Petro Poroshenko wrote on Facebook. “As promised, we will resume regular air service with Uzhhorod in March. Finally, after a long period, the Uzhhorod airport will work! We will begin on…
The Deposit Guarantee Fund has temporary suspended payments to depositors of insolvent JSC Zlatobank, the Fund’s press service reports. “The Grand Chamber of the Supreme Court under the ruling dated February 5, denied motions submitted by the Deposit Guarantee Fund and National Bank of Ukraine against the decision of Kyiv Administrative Court of Appeal, dated…
Sugar production in Ukraine in the 2019-2020 marketing year (MY, September 2019 – August 2020) could be reduced by 22% compared with the previous marketing year. The fall to 1.4 million tons is expected, as reported by the press service of the National Association of Sugar Producers of Ukraine “Ukrtsukor” with reference to a head…
Ukraine’s industrial production declined by 2.9% in January compared to January 2018, the State Statistics Service of Ukraine reported. According to the seasonally adjusted index of the state statistics agency, industrial output in January 2019 shrank by 0.5% compared to December 2018. According to unadjusted indices, the drop in industrial production last month was 3.3%…
The Deposit Guarantee Fund of Ukraine has extended the term of liquidation of JSC City Commerce Bank for one year, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision dated February 21, No. 410, to extend the term of liquidation of JSC City Commerce Bank for one year,…
Analyst at the Alpari investment company Maksym Parkhomenko warns that the hryvnia, Ukraine’s national currency, may considerably weaken if populists come to power in Ukraine as a result of presidential and parliamentary elections in 2019. “If populists, who promise mountains and marvels – encouraging policy, lower gas prices, etc., – come to power, this will…