Exports of Ukrainian food to the United Arab Emirates (UAE) fell by 19% in 2016, to $106 million, the Ukrainian Food Export Board (UFEB) has reported. “In 2013-2015 revenue from food supplies to UAE fell from $165 million to $134 million, and in January-November 2016 we had $106 million. The trend is disappointing,” UFEB Director…
The share of bad and non-performing loans (NPL) today is around 50% of the total loan portfolio of Ukrainian banks, Director of the financial stability department of the National Bank of Ukraine (NBU) Vitaliy Vavryschuk said. “We have revealed during stress tests that the share of these loans is around 50%,” he said. Vavryschuk said…
Ukraine’s Cabinet of Ministers on February 8, adopted a resolution titled “On Confirmation of the Plan of Measures for Preparing to Introduce the Joint Aviation Space of Ukraine with the European Union (EU) and Its Member States”. Ukraine’s Infrastructure Ministry, citing its head Volodymyr Omelyan, said the measure was drafted with the aim at fulfilling…
Hutchison Ports and DP World, one of the world’s biggest port operators, will enter Ukraine as soon as this year. According to Infrastructure Minister Volodymyr Omelyan, Hutchison Ports will start operating in the port of Chornomorsk in June-July and DP World by the year end. Hutchison Ports has already signed a memorandum of understanding with…
Ukraine International Airlines (UIA) is expected to double the frequency of flights on the Kyiv-Chernivtsi route from April 14. Additional flights will be operated under a mixed schedule with departure from Kyiv on Mondays, Wednesdays, Fridays and Sundays at 02:30 p.m. and return departure from Chernivtsi at 04:45 p.m.; departure from Kyiv on Tuesdays, Thursdays…
The analysis of the state of assets of state-run Ukreximbank and Oschadbank (both based in Kyiv) conducted by the National Bank of Ukraine (NBU) in January revealed worsening of the quality of some credits in the past year, the Finance Ministry said. “The discipline of servicing the credits by many large borrowers significantly worsened, and…
The National Bank of Ukraine (NBU) could start dialog with holders of eurobonds of nationalized PrivatBank (Dnipro), Deputy NBU Governor Kateryna Rozhkova has said. “We have received letters. Eurobond holders want to hold a dialog. We are ready to meet, present our position, as we acted in line with law,” she said. “I do not…