Ukraine: 2020 budget to be amended

Speaker of the Ukrainian Parliament Dmytro Razumkov says the national budget for 2020, which has recently been passed by the parliament, is not final and will be amended. “Parliamentarians also spoke about this, addressing the government. They said that not all proposals from representatives of various political forces had been taken into account. There will…

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Ukraine: one more bank liquidated

The Deposit Guarantee Fund has completed the liquidation of PJSC Unikombank, according to the Fund’s press service. “On November 14 relevant documents were submitted to the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations to register the termination of PJSC Unikombank as a legal entity, thus, the process of liquidation of the…

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Ukraine: EIB and EBRD to finance road safety project in six cities

The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) will provide EUR 75 million each for the road safety project in the cities of Kyiv, Dnipro, Kharkiv, Lviv, Kamianets-Podilskyi and Odesa, according to the Infrastructure Ministry of Ukraine. “This project will be implemented by Kyiv, Dnipro, Kharkiv, Lviv, Kamianets-Podilskyi and…

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Ukraine: Ukreximbank head detention not to affect work

The Supervisory and Management Boards of Ukraine’s state-owned Ukreximbank have assured that the detention of the bank’s head, Oleksandr Hrytsenko, by the SBU Security Service of Ukraine will not affect the financial institution’s work. “The Supervisory Board and the Management Boards of the bank continue ensuring the financial institution’s efficient operation and guarantee its customers…

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Ukraine: freight railway tariffs to be cut

Ukrmetprom President Oleksandr Kalenkov says freight railway tariffs should be reduced by 10% in Ukraine under the current crisis conditions. “Amid the crisis in all industries in global markets, we need to consider the issue of lowering Ukrzaliznytsia’s tariffs by 10%, that is to set such a precedent. This will give an additional incentive to…

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