The Deposit Guarantee Fund of Ukraine has completed the liquidation of PJSC Ukrbusinessbank, according to the Fund’s press service. “On May 8, an entry was made to the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations to register the termination PJSC Ukrbusinessbank as a legal entity, thus, the process of liquidation of…Details
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Private joint-stock company Farmak (Kyiv), the pharmaceutical company, did not halt production and would gradually exit lockdown, the press service of the company reported. “Farmak continues production as usual. All lines are working as planned. However, after lockdown was announced all over the country on March 12 and the Health Ministry recommended that enterprises transfer…Details
Tbilisi International Airport has been named on “Skytrax World Airport Awards 2020” as one of the top ten airports in Eastern Europe for the seventh year in a row. In the survey, ten airports were named as the best airports in the Eastern Europe in 2020, including international airports in Budapest, Bucharest, Tallinn, Kyiv (Boryspil),…Details
Freight volume handled in the Port of Liepaja in January-April fell by 22.7% YoY, to 2,169,600 tons. In the reporting period, transshipment of grain dropped by 2.2%, to 903,600 tons, anthracite – 5-fold, to 109,200 tons, and construction materials – by 2.9%, to 271,900 tons, while transshipment of oil products grew by 32.8%, to 166,700…Details
Economy Minister Ruslan Dalenov spoke about the results of the country’s socioeconomic development for January-April. Production of goods grew by 5.8%, while the production of services fell by 4%. As a result the GDP decreased by 0.2%. Production of services fell due to restrictions imposed amid the coronavirus spread fears. The annual inflation made 6.8%.…Details
Ukraine’s banking sector saw its profit grow by 23.8% YoY in the first quarter of 2020, to UAH 16 billion, the press service of the National Bank of Ukraine (NBU) reported. At the same time, in March alone, the banking sector received only UAH 97 million in profit due to a sharp increase in allocations…Details
The National Bank of Ukraine (NBU) says the country’s international reserves as of May 1 totaled $25.695 billion, up by 3.1% MoM. “As of May 1, Ukraine had an equivalent of $25,695.0 million in international reserves, according to preliminary data. In April, they increased by 3.1%. The increase was primarily driven by the NBU’s reserves…Details