Diamantbank (Kyiv) that was declared insolvent on April 25, reported that the bank saw profit in January-March after four quarters of seeing losses. According to a bank report, it saw UAH 1.7 million of net profit in January-March, while a year ago its net loss was UAH 287.404 million. Net interest income over the period…
PJSC Ukrzaliznytsia has stated it does not carry out any activity in the territory uncontrolled by Ukraine, the Ukrzaliznytsia department of information policy and public relations has said. “The company does not use rolling stock for any transportation in the occupied areas of Donetsk and Luhansk regions,” the statement said. Ukrzaliznytsia also notes there is…
Ukraine will resume supply of electricity to the uncontrolled territories of Luhansk region if the debt is repaid, Minister of Energy and Coal Industry Ihor Nasalyk has said. The minister said the decision to cut off power supply was not political but economic. “All the enterprises that were registered in the uncontrolled territory of Luhansk…
In January-March the production volumes of flour in Ukraine totaled 475 thousand tons, an increase of 0.6% compared with the same period last year, the State Statistics Service of Ukraine reported. Also, in the reporting period Ukraine significantly increased the production of crude sunflower oil, which reached 1.448 million tons, up by 35.7% YoY. The…
PJSC Bakhmutsky Agrarian Union (Donetsk region), a pork producing enterprise, in 2016 increased pork sales by 4.9% YoY, to 15,280 tons (live weight). According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, last year its net loss amounted to UAH 55.9 million against a…
Representatives of small and medium-sized enterprises (SME) have noted the improvement of the business climate in Ukraine: the corresponding index in 2016 rose to plus 0.06 from plus 0.01 in 2015 (on a scale from minus 1 to plus 1), according to the results of the “Annual assessment of the business climate 2016.” “The index…
The National Bank of Ukraine (NBU) on April 24, recognized Diamantbank (Kyiv) insolvent, according to the central bank’s website. The NBU board made corresponding decision No. 264-RSh/BT as of April 1, the bank failed to achieve the minimum level of regulatory capital adequacy at a ratio of 5% established by the central bank. Following the…