The state-controlled Oschadbank (Kyiv) in January-June saw net profit rise by 22% YoY, to UAH 306 million, according to a press release from the bank. Operating income increased by 20.3%, to UAH 4.7 billion. The assets of the bank in six months increased by 4.6%, to UAH 220.3 billion. The loan and investment portfolio rose…
Ukraine has increased gas inventories in underground storage 61.3% since the end of the heating season, according to operational data from Ukrtransgaz. The inventories amounted to 13.069 billion cubic meters on July 29, up from 8.1 billion cubic meters on March 22. The current inventories are 24.4% more than on July 29, 2016 (10.211 billion…
The state enterprise Iskra Scientific and Production Complex (Zaporizhia) is expanding production of new electronic reconnaissance and radioelectronic warfare devices for the Ukrainian Armed Forces, the press service of State Concern Ukroboronprom has reported. “Taking into account the need of the Armed Forces in radioelectronic warfare devices, Iskra has started production of new military equipment…
Since the beginning of a new season-2017-2018, and as of July 27, Ukraine supplied 2.003 million tons of grain crops to foreign markets, the Ministry of Agrarian Policy and Food reported. In particular, the exports of wheat totaled 631 thousand tons, barley – 601 thousand tons, corn – 770 thousand tons, and other grains –…
The state-owned enterprise Boryspil International Airport (Kyiv), the largest airport of the country, saw a 77.7% YoY rise in net profit in January-June, to UAH 951.2 million. According to a financial report of the airport, its net revenue in January-June grew by 30%, to UAH 1.87 billion. As reported, the financial plan of the airport…
Claims filed by Ukraine International Airlines (UIA) to court do not concern the operation of Ireland’s low cost airline Ryanair in Ukraine or any obstacles to their operations, but they concern the discriminative conditions towards other airlines, UIA President Yuriy Miroshnykov declared at a press conference in Kyiv. Managing partner of Ecovis Bondar and Bondar…
The European Investment Bank (EIB) is considering the issue of a EUR 130 million to Ukrenergo for modernization of substations, according to the website of the financial institution. The EIB said the project was aimed at improving energy efficiency, reliability of equipment, reducing operating costs. Its implementation will contribute to the integration of Ukraine’s energy…