Fitch Ratings has affirmed Ukraine’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B-‘ with a Stable Outlook. This is stated in the agency’s press release. “We forecast Ukraine’s GDP growth to decelerate to 2% in 2017 before picking up to 3% in 2018 on the back of improving consumer demand and investment,” the…
Alfa-Bank (Kyiv) in January-March received UAH 6.876 million of net profit against UAH 536.849 million of net loss for the same period in 2016. According to a bank financial report released on its website, its net interest income in the reporting period increased 2.63-fold, to UAH 653.827 million. Excluding expenses for the formation of reserves,…
On the outcomes of the activities of 2016 as well as of the first quarter of 2017 the country shows a positive trend of gradual economic upturn, and this should be the basis and the key to boost investment in the country and ensure implementation of successful projects in the real economic sector, Ukrainian Prime…
Ukraine’s State Treasury on April 26 refunded VAT to 2,704 taxpayers for UAH 9.946 billion. The authority said that VAT was not refunded to 13 taxpayers for UAH 5.969 million, as the wrong information about the bank’s address was presented, as the bank was under liquidation. The treasury said that information about the state of…
12.1 KMT of mayonnaise was produced in Ukraine in March, up by 46% MoM (8.3 KMT). In addition, March’s mayonnaise production exceeded the two-year average (10.4 KMT). In total, 28.2 KMT of mayonnaise was made in Ukraine in January-March, down by 5.7% YoY (29.8 KMT in January-March 2016). Analysts expect this year’s mayonnaise output in…
The number of banks with a “problem” status has reduced from five to three, Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova has stated. “Two out of five problem banks were transferred to the Deposit Guarantee Fund, namely Vector Bank and Diamantbank,” Rozhkova said. Currently, there are three problem banks in Ukraine’s…
The consolidated net profit of PJSC Motor Sich in the first quarter of 2017 according to the international financial reporting standards (IFRS) amounted to UAH 1.457 billion, up 4.8-fold YoY (UAH 304.67 million), according to the company’s quarterly report. According to its data, net sales income in January-March this year increased by 63.4%, to UAH…