The supervisory board of PrivatBank (Kyiv) has announced McKinsey & Company the winner of a tender to select an internationally recognized company responsible for drawing up a strategy of the financial institution. PrivatBank said in a press release that the objective of this assignment was to design a market strategy to optimize PrivatBank operations while…
Ukrainian president Petro Poroshenko has announced he has agreed with his Georgian counterpart Giorgi Margvelashvili to facilitate economic partnership and deepen the free trade area. “We’ve agreed to intensify economic partnership, remove all barriers, coordinate tariffs, including for rail and ferry services, and deepen the free trade area,” he said at a joint press conference…
The state-run Ukroboronprom Concern managed to increase the export of Ukrainian arms by 25% in 2016, Deputy General Director for Ukroboronprom development, Artur Kheryvimov stated at a press conference at Kherson Regional State Administration. “Over the past year, we (Ukroboronprom) have increased our exports by 25% – from $570 million to $770 million,” said Kheryvimov.…
The aquaculture safety project is funded by the government of Norway and is implemented in partnership with the Agrarian Policy and Food Ministry of Ukraine and covers legislative support in fisheries, as well as access to international market, the press service of the Food and Agriculture Organization (FAO) reported. “The project implementation will contribute to…
The deficit of Ukraine’s foreign trade in commodities was estimated at $1.7 billion in January-May, up 1.8-fold YoY, according to the Ukrainian State Statistics Service’s website. Exports of goods from Ukraine over the period under review grew by 25.9% YoY, while imports of goods rose by 28.6%, the service said in a statement. The ratio…
The total debt of largest Ukrainian insolvent banks and their owners to the state and depositors amounts to at least UAH 144.5 billion. This data has been provided by the National Bank of Ukraine (NBU) and the Deposit Guarantee Fund. “Among the largest debtors are the following financial institutions: Delta Bank (with a total debt…
Ukraine will fully execute the contract signed in 2011 for the supply to Thailand of new Oplot-T tracked armored vehicles manufactured at Malyshev Plant (Kharkiv), Ukroboronprom state concern has stated. “The contract will be executed in accordance with all the agreements provided. The executor of this order and the manufacturer of Oplot tanks is Malyshev…