The board of the National Bank of Ukraine (NBU) has decided to lower the refinancing rate to 12.5% as of May 26, from 13% per annum. The decision was sealed in NBU resolution No. 318-rsh dated May 25, the NBU said in a statement. (Interfax-Ukraine/Business World Magazine)
According to the Ag Ministry of Ukraine, sunflower planting was completed on 5223.1 thousand ha as of May 22, that is 97% of the planned 5390.3 thousand ha (official data). Planting runs 4.8% ahead of last year’s pace. 4985 thousand ha of sunflower was sown at the same time a year ago. As of May…
PJSC Ukrzaliznytsia intends in 2017 to raise tariffs for freight transportation by 22.5%, the company said in a press release, with reference to the draft consolidated financial plan posted on its website. According to the press service, the figures are calculated using international financial reporting standards. “Tariffs for passenger rail transportation will not be raised…
PrivatBank is going to appeal a ruling by Kyiv’s district administrative court, which found it illegal to forcibly swap PrivatBank’s certain obligations for shares of an additional issue by the bank, the so-called bail-in procedure. “The decision of the court of first instance will be appealed by us, and we will prove our position,” PrivatBank…
Board Chairman of PJSC Ukzaliznytsia Wojciech Balczun says that UAH 2.5 billion is planned to be invested in Lviv Railways in 2017. Speaking at a press conference in Lviv, Balczun stated that “a portion of these funds will be spent on infrastructure, another portion – on upgrading the rolling stock”. In particular, he noted that…
In the first fortnight of May, Ukraine’s retail prices for socially important products increased, namely the prices for the so-called “borsch” vegetables and meat, the Economic Discussion Club reports. “Potatoes and “borsch” vegetables showed a record growth in prices again. Over the first twenty days of May, consumer prices for these products have increased as…
In January-April water transport of Ukraine carried 3,000 passengers, down by 3.3% YoY. According to the State Statistics Committee, total passenger turnover in Ukraine climbed by 0.3%, to 1.540.8 million passengers. (Portnews/Business World Magazine)