Large and medium-sized enterprises of Ukraine received UAH 353 billion of profit in 2018, according to the Economic Development and Trade Ministry. “Large and medium-sized enterprises in Ukraine improved their financial results in 2018 compared to 2017. Well done, as profitability grew by 4.1%, they earned UAH 580 billion, while losses decreased by 16.4%, to…Details
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S&P Global Ratings predicts the hryvnia, Ukraine’s national currency, will have weakened against the U.S. dollar to UAH 28.6 by the end of 2019. The hryvnia is expected to drop to UAH 29.5 per dollar in 2020, to UAH 30 in 2021, and to UAH 30.5 in 2022, according to the agency’s press release. Ukraine’s…Details
The rural municipality of Viru-Nigula in Laane-Viru county is interested in getting the small nuclear reactor Fermi Energia is planning to build in Estonia. Viru-Nigula mayor, Einar Vallbaum, said that they were very interested in the coming nuclear power station. “We’re helping along as much as we can, because seeing this nuclear power station built…Details
Thanks to support of KazakhExport Export Insurance Company (Baiterek affiliate) Kazakhstani companies have reached a new level of cooperation, Chairman of the Board of Baiterek National Management Holding Aidar Arifkhanov said. KazakhExport encourages Kazakhstani companies to enter the international market of construction services. For example, the country’s companies take part in the railways construction tender…Details
Hajigabul Gushchulug, a poultry factory in Azerbaijan’s Hajigabul district, has started exporting eggs to Qatar, a source at the company reported. The source noted the volume of deliveries amounted to 1,000 packages or 36,000 eggs. “We expect to increase the number of eggs exported to Qatar to 40,000-45,000. The factory produces about 30-35 million eggs…Details
President Petro Poroshenko has stated that lawyers of oligarch Ihor Kolomoisky will not be able to return PrivatBank to its former owners. “Lawyers of Kolomoisky are working on the denationalization of PrivatBank to return it to its former owners. This may cause a crisis of the banking system. The nationalization of PrivatBank was one of…Details
In Ukraine, business needs macroeconomic stability, the rule of law, the eradication of corruption and the protection of investments and property, President of the American Chamber of Commerce in Ukraine Andy Hunder said at a meeting with business representatives, held with the participation of President Petro Poroshenko. “Business wants to see economic stability. Reforms should…Details