S&P Global Rating (S&P) has assessed the banking system of Ukraine as highest-risk system under its Banking Industry Country Risk Assessment (BICRA), S&P has said in its report. “The economic risk in the Ukrainian banking system remains one of the highest in a global comparison, as reflected in our score of ’10’ (the highest-risk systems),…
The initiative of Ukrzaliznytsia to increase the cargo transportation tariffs by rail in 2017 by 25% is unreasonable now, the tariffs should be increased no earlier than summer and the percentage by which they will be increased should be set much lower, the head of the Verkhovna Rada committee on industrial policy and entrepreneurship Viktor…
National Nuclear Generating Company Energoatom and General Electric Hitachi, Global Nuclear Fuel will study the prospects of cooperation, the press service of the Ukrainian company has reported. “Energoatom President Yuriy Nedashkovsky, Vice President of General Electric Hitachi in Europe David Powell and Global Nuclear Fuel CEO Amir Vexler held a meeting. At the meeting representatives…
Ukrainian Prime Minister Volodymyr Groysman stated that 2016 was the year of economic recovery, and industry, construction sector, and agriculture showed the best growth rates. “I would like to emphasize that 2016 marked the resumption of growth of Ukrainian economy. We observed progress in all the economy sectors,” Groysman said. He noted that industry, construction…
Ukraine has not been purchasing gas from the Russian Federation for 440 days already, Ukrainian Prime Minister Volodymyr Groysman said at a Cabinet’s meeting. “We have been living without Russian gas for 440 days already. This is a matter of our energy independence,” Groysman said. (Ukrinform/Business World Magazine)
Solvent banks in the fourth quarter of 2016 reduced the debt to the National Bank of Ukraine (NBU) on refinancing loans by UAH 5.058 billion, or by 18%, to UAH 22.995 billion, according to the regulator’s website. According to the NBU, the loan principal on January 1, 2017 amounted to UAH 22.57 billion. “Most of…
About 85% of the area under winter crops are in a good and satisfactory condition, head of the agrometeorological department of the Hydrometeorological Center Tetiana Adamenko has reported. “In general, the situation with winter crops is satisfactory, 85% of crops are alive and will give a good harvest,” she said. According to Adamenko, there are…