The National Bank of Ukraine (NBU) in 2017 expects that the banking sector would see profit, not taking into account PrivatBank, the NBU has reported on its website. The key factors that influence this in 2017 will be the reduction of sending to reserves and active growth of interest income thanks to the increase in…
The National Bank of Ukraine (NBU) has introduced some new requirements for payment systems oversight, their participants and operators, the central bank has said on its website. The new requirements are outlined in NBU Board resolution No. 11 signed on February 13, approving of amendments to some NBU acts. The document came into effect on…
Ukrainian exporters supplied 42.5 KMT of flour to foreign markets in December 2016, up by 43.5% YoY. Overall, this is the largest monthly volume of flour shipments from Ukraine. Ukraine exported 9.6% more flour in H1 2016/2017 than at the same time in MY 2015/2016 (197.6 KMT and 180.3 KMT respectively). As before, the largest…
The trade turnover between Ukraine and the Czech Republic increased by 18.6% in January-November 2016. This was discussed by the Vice Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsyntsadze and Agriculture Minister of the Czech Republic Marian Jurecka. The parties discussed cooperation between the two countries in the field of agriculture and welcomed the…
The Ukrainian Agrarian Policy and Food Ministry is planning to promote an increase in soybean production output by expanding the sowing areas of soybeans, Agrarian Policy and Food Minister Taras Kutovyi has stated. “In fact, soybean production has increased 20 times over 10 years, and last year we harvested the record yield of soybeans, which…
The number of transactions using payment cards in 2016 increased by 28% YoY, to 2.513 billion, and their volume – by 30.6%, to UAH 1.61 trillion. According to the website of the National Bank of Ukraine (NBU), the volume of transactions to obtain cash using payment cards rose by 22.5% and amounted to UAH 1.039…
Higher administrative court of Ukraine upheld the ruling of the court of a lower instance under which the State Fiscal Service of Ukraine is obliged to accept 2 billion cubic meters of natural gas made in 2006 as a tax lien from public joint-stock company Ukrnafta, the company’s press service has reported. “The court ruled…