Kazakh investor Arif Babayev has become the owner of Ukrainian Region-Bank renamed Sky Bank, the bank’s press service has reported. “The Kazakh investor bought universal bank Region-Bank with 26 year experience on the Ukrainian market renaming it Sky Bank and focusing on development of IT solutions,” the bank said on its website. “We are making…
State-owned companies bring UAH 87 billion in losses to the budget, Prime Minister of Ukraine Volodymyr Groysman said at a government meeting. “UAH 87 billion. If we add corruption and inefficiency to this, then we will have hundreds of billions hryvnias that are taken from Ukrainian citizens,” Groysman said. Therefore, he said that the government…
As of July 3, Ukrainian agrarians harvested 1.076 million tons of early grains and pulses throughout the areas of 337 thousand ha, or 4% of the plan. The average yield totaled 3.19 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, agrarians harvested wheat throughout 74 thousand ha. The production volumes…
The absence of productive rain over a long time caused faster ripening of early cereals in the southern and central regions, along with premature drying of those planted after non-fallow predecessors. As a result, kernels failed to get filled: they are shriveled with a low 1000-kernel weight (23-35 g). As of today, winter wheat in…
The level of “shadow economy” in Ukraine last year amounted to 34% of GDP, decreasing by 6%, such preliminary figures have been posted by the Ministry of Economic Development and Trade. “All four methods, which are used to assess the level of the shadow economy, showed a decrease in the level compared to 2015,” the…
Kharkiv International Airport increased passenger traffic by 51% YoY in January-June, to 364,100 people. According to a press release from the airport, in June it serviced 82,900 passengers, up by 37% YoY. “By the end of June, we can talk about the popularity of renewed summer flights to Burgas (Bulgaria, on Fridays), Tivat (Montenegro, on…
Germany’s REWE Group, developing the Billa supermarket chain in Central and Eastern Europe, does not plan to leave Ukraine. “Billa continues operating in Ukraine and would be successfully present on the Ukrainian market. We do not plan to leave Ukraine,” Rewe International AG, the subsidiary of the German concern, reported. The company confirmed that the…