The National Bank of Ukraine (NBU) allowed the liquidation of Finexbank (Kyiv) at the initiative of the owners. According to the regulator’s website, on November 17, Finexbank had sufficient liquidity to make payments to clients. The volume of highly liquid assets amounted to 21 million UAH, while total liabilities were 6.5 million UAH, in particular…
Ukraine’s Cabinet of Ministers is creating an ad hoc working group to analyze the situation in the aerospace sector and draw up mechanisms for increasing its management efficiency, Ukrainian Prime Minister Volodymyr Groysman has said. Groysman, speaking in parliament, knocked at the effectiveness of the aerospace sector management. He said that the sector enterprises with…
Ukrainian agrarians have to increase the share of alternative crops in the structure of agricultural production, including pulses, the Minister of Agrarian Policy and Food of Ukraine Taras Kutovyi declared. According to him, cultivation of pulses allows diversifying agricultural crops production and improving the soil quality. For example, India is one of the largest countries-importers…
Belarus’ sugar manufacturers association (Belsugar) is due to hold an open tender on December 2, to choose suppliers of 106,500 units of sugar beet seeds worth Br21.5 million ($11.251 million), a Belsugar official reported. Both resident and non-resident companies are invited to take part in the tender. The closing date for applications is December 1.…
Vodafone Ukraine mobile operator (PrJSC MTS Ukraine) in July-September saw its revenues rise by 11.2% YoY, to 2.86 billion UAH. According to the operator, the number of Vodafone Ukraine subscribers as of the end of September reached 20.8 million people. Growth YoY was 2.7%, or 500,000 users. “The main growth factors were universal Voice &…
Ukraine`s GDP grew by 1.8% YoY in the third quarter of 2016, which was a sign of economic recovery in the country. Ukrainian Vice Prime Minister – Economic Development and Trade Minister Stepan Kubiv stated this at a meeting dedicated to the Strategy for Small and Medium Enterprises Development till 2020. “Yesterday Prime Minister Volodymyr…
Ukraine’s economy is starting to recover, while the government is paying every effort to maintain and accelerate that growth as well as reinvest it into the quality of people’s lives. This was stated by Prime Minister of Ukraine Volodymyr Groysman. The Prime Minister noted that recently the International rating Agency Fitch had upgraded long-term Issuer…