Heads of state-controlled Ukrainian banks will discuss how they will coordinate policy on the financial market, Chairman of the board of Ukraine’s largest PrivatBank Oleksandr Shlapak has said. “I’m sure we’ll agree on such issues as interest rates and a certain division of the market,” he said. After the nationalization of PrivatBank, Ukraine has got…
Ukraine’s State Treasury Service on February 1, resumed VAT refunding. Government resolution No. 26 approving the rules for keeping the register of applications for return of VAT dated January 25, came into effect. “On February 2, treasury agencies provided for executing applications for UAH 2.187 billion that had conclusions from the State Fiscal Service about…
In 2016 Ukraine reduced natural gas consumption by 4.1% (by 1.366 billion cubic meters) YoY, to 32.361 billion cubic meters. According to the Ministry of Energy and Coal Industry, in particular, industry consumed 9.599 billion cubic meters (down by 15.9%), households and budget-sustained organizations used 12.457 billion cubic meters (up by 2.3%), heating companies –…
PrivatBank since January 1, has paid off UAH 2.385 billion of funds received as refinancing credits from the National Bank of Ukraine (NBU) and paid UAH 215.752 million of interest. According to Deputy Board Chairman of PrivatBank Halyna Pakhachuk, current general amount of refinancing credits issued by NBU to PrivatBank totals UAH 15.516 billion. (Ukrinform/Business…
Sund’Or airline, the subsidiary of El Al airline (Israel), from June 26, will launch direct flights on the Odessa-Tel-Aviv route. The press service of the airline reported that the flights would be serviced twice a week – on Mondays and Fridays using aircraft of the Boeing 737-800 type. Departure from Odessa is at 09:45 and…
The National Bank of Ukraine (NBU) should gradually quit the tough monetary and credit policy and apply smoother monetary tools to provide for the development of the national economy, Head of the NBU Council Bohdan Danylyshyn has said. “The right monetary and credit policy is the third element of the economic growth. I think that…
Reference pricing will be introduced in Ukraine from April 1, along with the introduction of the medicine reimbursement program. The decision was made at a government meeting. “After analyzing the preparatory work to introduce regulation, holding consultations with manufacturers and market players, it was determined the proper execution of the regulation required a longer transitive…