The National Bank of Ukraine (NBU) intends by 2018 to transfer to a new model of banking supervision, which will be based on a risk-based approach, a source in the banking circles reported, with reference to NBU Deputy Head Yekateryna Rozhkova, during the regulator’s traditional meeting with bank representatives. According to the report, the new…
The division of the State Fiscal Service fighting capital outflow via transfer pricing should be expanded and reinforced, Finance Minister Oleksandr Danyliuk has said. “This is one of the spheres where the State Fiscal Service should work more. Instead of developing this sphere they reduced the transfer pricing division. I want the division expanded and…
Ukraine as of November 25, had threshed 61.6 million tons of grain and leguminous crops from 13.6 million ha (95% of the forecast). According to the press service of the Agricultural Policy and Food Ministry, with the forecast being 5.9 million ha sunflower has been harvested from an area of 5.87 million ha (99%) in…
The United Nations Development Program (UNDP) will buy medicines under 17 state-funded programs for $48.5 million using 2016 budget funds. The first batch will arrive soon, UNDP Coordinator Zafar Yuldashev has said. “We have held tenders under two programs and signed contracts saving $3 million. Soon the medicines will be supplied”, he said. UNDP reported…
Ukrainian Prime Minister Volodymyr Groysman has said that the full-featured energy market is being created in Ukraine. “The market is competition, including competitive prices for consumers. The creation of the full-featured energy market, growth of own gas production, introduction of energy efficiency and the increase of budget revenue received from state-run companies – all these…
National energy company Ukrenergo in January through October cut electricity transmission through the country’s backbone and interstate power grids by 9.5%, or by 9.448 billion kWh, to 90.293 billion kWh, the company’s press service has reported. Over the period under review, the company’s revenue from electricity transmission services grew by 33%, or by 1.368 billion…
Ukraine International Airlines (UIA, Kyiv) has expanded its fleet with another Boeing 737-800 NG. According to the press service of the company, the delivery of another airplane was the final stage of the program of the fleet expansion and improving in 2016. The Boeing 737-800 NG produced in 2009 with a passenger capacity of 186…