After tests conducted by the National Bank of Ukraine (NBU) a total of 36 banks are to reduce credits issued to affiliated persons, the NBU has reported on its website. “After tests it has been identified that the largest credit risks for debts of affiliated persons were higher than the requirement at 44 banks. As…
Oil production in Ukraine decreased by 4.4% YoY in January, to 129,400 tons. The Ministry of Energy and Coal Industry reported that gas condensate production for the period increased by 7.6%, to 58,100 tons. Naftogaz Ukrainy enterprises in January cut oil production by 4.6%, to 127,000 tons, gas condensate output – by 3.5%, to 38,800…
In January the production volumes of crude sunflower oil in Ukraine totaled 476 thousand tons, up by 50.9% YoY, but down by 14.5% MoM, the State Statistics Service of Ukraine reported. In the reporting period, the production of margarines and edible fats totaled 17 thousand tons, up by 28.4% YoY, but down by 15.9% MoM.…
The Ukrainian government published a concept for development of Ukraine’s gas production sector approved at the end of 2016. The document envisages the increase of gas production from 18.7 billion cubic meters in 2016 to 20.3 billion cubic meters in 2017 and 27.6 billion cubic meters in 2020. According to government resolution No. 1079 dated…
The net profit of public joint-stock company Motor Sich in 2016 was UAH 2.187 billion, down by 36.4% YoY (UAH 3.436 billion), according to preliminary data published by the company in an announcement about the annual general meeting of shareholders scheduled for March 30. Undistributed profit last year grew by 15.7%, to UAH 15.663 billion.…
The government’s resolution to recapitalize nationalized PrivatBank for the amount of UAH 9.8 billion by the issue of 15-year government domestic loan bonds with the indexed value (with reference to the U.S. dollar exchange rate), adopted on February 22, was executed on February 24, according to the National Bank of Ukraine (NBU). According to the…
The Individuals’ Deposit Guarantee Fund from February 27, will continue payments to the depositors of Artem-Bank (Kyiv), according to the fund’s website. According to the fund, payments will be carried out in the period until April 10, inclusive on the general register of depositors through the agent banks of Kredobank and FUIB (depending on the…