The National Bank of Ukraine (NBU) is ready to nationalize PrivatBank a second time if a court rules to annul a respective decision of 2016, First Deputy NBU Governor Kateryna Rozhkova has said. Rozhkova said reversing the nationalization would reverse the mechanism by which the state handed the bank UAH 155 billion ($5.88 billion) to…Details
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The Finance Ministry of Ukraine attracted UAH 3.964 billion to the state budget as a result of the sale of government domestic loan bonds on May 14, according to the ministry’s website. “As a result of the scheduled placement of government domestic loan bonds, the state budget was replenished with UAH 3,963,805,692.70 (at the exchange…Details
According to the information published by Statistics Estonia on May 15, in the first quarter of 2019, the labor force participation rate in Estonia was 70.8%, the employment rate 67.5% and the unemployment rate 4.7%. While the labor force participation rate and employment rate remained steady, the unemployment rate decreased by 2.1% YoY. In the…Details
U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) distances from Latvian Finance and Capital Market Commission’s (FCMC) statement regarding the coordinated liquidation model for ABLV Bank, as noted by the US Embassy in Latvia. FCMC had previously reported that after meeting with representatives from FinCEN the committee saw no obstacles for the execution of FCMC’s…Details
The information security management system of Air Astana JSC has been certified to be compliant with the ISO/IEC 27001:2013 standard. The certificate of compliance was presented to Air Astana JSC in April. After several years of ground work on policies, procedures, documents and systems the certification process started in October 2017 having contracted with Kazakhstan…Details
Lviv Armor Vehicle Factory, a part of the state-run military-industrial concern Ukroboronprom, has developed a new armored recovery and repair vehicle (ARRV) dubbed “Zubr” (“Bison”). The vehicle was created for technical support of tank units of the Armed Forces of Ukraine. “The Zubr was developed by Lviv Armor Vehicle Factory in 2018. Preparations for its…Details
The U.S. dollar and the euro continue to fall in price in Ukraine. On May 14, the U.S. dollar fell by 10 kopiykas, while the euro fell by 7 kopiykas. Experts believe the trend toward strengthening the hryvnia will continue. “The hryvnia exchange rate may range at UAH 25.9-26.75 to the dollar in May. The…Details