Two individuals, Ukrainian citizens, in April submitted packages of documents to the National Bank of Ukraine (NBU) to obtain its approval for the acquisition of a direct stake in the public joint-stock company Prominvestbank (Kyiv), the press service of the central bank has reported. “Now the documents have been registered and are under consideration. After…
The Cabinet of Ministers of Ukraine has decided to transform Antonov and Plant 410 CA state-owned enterprises, which are part of Ukroboronprom state-owned defense giant, into joint stock companies. The relevant resolution was adopted at a government meeting on May 11. “This will improve the corporate management of enterprises, as well as attract investors,” said…
The International Monetary Fund (IMF) has revised downwards expectations for growth of the ratio between total external debt to GDP in Ukraine in 2017. The fund said that the indictor would grow to 127.4% of GDP from 123.8% of GDP in 2016 (earlier it was projected to 136.3%) and it would decline to 126.3% of…
The U.S. Department of Agriculture (USDA) has projected that sunflower harvest in Ukraine in the 2017-2018 agricultural year (September-August) would be 13.5 million tons. Sunflower oil production would reach 5.633 million tons and its exports – 5 million tons. Production of sunflower cake could total 5.371 million tons and its exports – 4.4 million tons.…
The key risks of the Ukrainian banking sector are low operation efficiency of state-owned banks and low quality of their assets, according to the banking sector review published by the National Bank of Ukraine (NBU) on its website. “Largest state-owned banks require the radical change of their business models and designing long-term development strategies. The…
As of May 10, Ukrainian agrarians planted spring grains and pulses throughout the areas of 5.936 million ha, or 82% of the forecast, a decrease of 356 thousand ha compared with the same date last year, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, the planted areas under early crops reached…
The Ukroboronprom State Concern and Turkey’s MKEK (Makina ve Kimya Endustrisi Kurumu) operating in machine and chemical industry will establish cooperation under the ammunition development program, the press service of the concern reported on May 10. According to the report, the cooperation agreement between MKEK and Ukroboronprom’s Artem state-owned joint-stock company and state-run foreign trade…