Ukrainian solvent banks’ net profit grew 5-fold YoY in January, to UAH 1.69 billion ($63 million). The banks’ revenue in the first month of 2018 totaled UAH 14.599 billion ($544.5 million), while expenses stood at UAH 12.908 billion ($481.5 million), according to the National Bank of Ukraine (NBU). Interest income accounted for 77.4%, the largest…
The export of meat from Ukraine to Azerbaijan rose 2.7-fold YoY and amounted to $37.8 million in 2017, Nikolai Pugachev, director of the national scientific center “Institute of Agrarian Economics” and academician of the National Academy of Agrarian Sciences, said. During the period, Azerbaijan became one of the TOP-5 importers of this product from Ukraine.…
The European Union remains a major supplier of agricultural products to Ukraine for the second year in a row, accounting for 48.9% of the country’s agri-food imports in 2017. Shipments in monetary terms from Europe increased to $2.27 billion in 2017, from $1.94 billion in 2016, the press center of the National Scientific Center “Institute…
The aggregate state (direct) and state-guaranteed debt of Ukraine in January decreased by 0.25%, or by $190 million, to $76.11 billion, according to the website of the Ministry of Finance. In the national currency the state debt decreased by 0.46%, or by UAH 9.82 billion, to UAH 2.132 trillion. According to the report, public debt…
Head of the HypeUA project for the construction of a Hyperloop-type facility in Ukraine, Oleksandr Ozeran, has announced approximate costs of test site construction in the city of Dnipro. “Work on estimates is underway. But it doesn’t cost a lot of money. Now the construction of 1 km of track in Europe costs $40 million.…
BNP Paribas S.A. (France) has increased its stake in UkrSibbank (Kyiv) to 60% from 59.99%, the Ukrainian bank reported in the information disclosure system of the National Securities and Stock Market Commission. According to the report, the securities were transferred from the accounts of minority shareholders to the account of the French bank under the…
The European Bank for Reconstruction and Development (EBRD), Ukraine’s largest international investor, supports the Ukrainian government’s updated strategy for reforming the country’s state-owned banks. EBRD’s Country Director for Ukraine Sevki Acuner said that the strategy had been developed in the form of a general debate, which resulted in a very clear-cut strategy with the clear…