: :inin Kyiv (EET)

Section: Economy

    EBRD, Ukraine agree to cooperate in transformation of Oschadbank
    Nov26

    EBRD, Ukraine agree to cooperate in transformation of Oschadbank

    Ukraine and the European Bank for Reconstruction and Development (EBRD) have agreed on measures to support and reform PJSC State Savings Bank of Ukraine Oschadbank and signed a memorandum of understanding. The memorandum was signed off by Ukrainian Finance Minister Oleksandr Danyliuk, Managing Director for Eastern Europe and the Caucasus for the...

    S&P upgrades Kyiv to `B-` on domestic bond repayment, outlook stable
    Nov26

    S&P upgrades Kyiv to `B-` on domestic bond repayment, outlook stable

    On November 24, 2016, S&P Global Ratings raised its long-term issuer credit rating on the Ukrainian capital City of Kyiv to `B-` from `CC`. The outlook is stable. ”Contrary to our previous base-case expectations, the city of Kyiv has redeemed ahead of schedule Ukrainian hryvnia (UAH) 1.9 billion of G series domestic bonds maturing on...

    Danish company seeking to invest in construction of solar power plants park in Chornobyl exclusion zone
    Nov25

    Danish company seeking to invest in construction of solar power plants park in Chornobyl exclusion zone

    The plans were announced by Minister of Ecology and Natural Resources of Ukraine Ostap Semerak during a meeting with representatives of the international consortium represented by Midas Consulting, as reported by the ministry`s press service. ”Over these 30 years has been significant progress on safety in the exclusion zone and at the Chornobyl...

    Ukraine`s large and medium-sized enterprises see UAH 82 billion profits against last year`s loss
    Nov25

    Ukraine`s large and medium-sized enterprises see UAH 82 billion profits against last year`s loss

    The State Statistics Service`s preliminary data show large and medium-sized enterprises of Ukraine in January-September 2016 received about UAH 82 billion of profit before tax, while in the same period last year the result was unprofitable, amounting to UAH 183.9 billion. In January-September 2016 compared to the same period last year, the...

    Ukraine should remain patient in its craving for systemic reforms in railway industry – Balczun
    Nov25

    Ukraine should remain patient in its craving for systemic reforms in railway industry – Balczun

    Ukrzaliznytsia CEO Wojciech Balczun pointed out that the reform of the national railways takes time and given the scale of ”pathologies, unimaginable in the West”, the process may take years. Ukraine needs a lot of patience in order to implement quality systemic reforms in the railway industry, which will take years, said Chairman of the Board of...

    State Property Fund of Ukraine sells Kostiantynivska hydropower plant for UAH 64 mln
    Nov25

    State Property Fund of Ukraine sells Kostiantynivska hydropower plant for UAH 64 mln

    The State Property Fund of Ukraine (SPFU) has sold Kostiantynivska hydropower plant at an auction to Kyiv`s Altgen company for UAH 64 million, which is 4.6 times more than the starting price of the company, the press service of the SPF reported. ”Kostiantynivska HPP was sold for UAH 64 million to Altgen company. This company belongs to the group...

    Ukraine, Israel may sign FTA (Free Trade Area) deal in 2017
    Nov24

    Ukraine, Israel may sign FTA (Free Trade Area) deal in 2017

    The agreement on free trade area (FTA) between Ukraine and Israel, which is beneficial to both countries, could be signed in 2017, Speaker of the Knesset Yuli-Yoel Edelstein said at a forum in Kyiv. ”I hope and expect that an agreement on free trade area between Ukraine and Israel will be signed in 2017,” he said. At the same time, Edelstein said...

    Odesa Port-Side Chemical Plant in focus of 6-7 investors: State Property Fund chief
    Nov24

    Odesa Port-Side Chemical Plant in focus of 6-7 investors: State Property Fund chief

    The State Property Fund of Ukraine (SPFU) is consulting on the privatization of 99.6% state-owned shares in the Odesa Port-Side Chemical Plant (OPP) with six to seven investors, SPFU Head Ihor Bilous told the Ukrainian TV Channel 5. ”Many people have not yet made a decision. Investors have two weeks, until December 6, when it is possible to...

    National Bank of Ukraine: Ukraine risks to lose support of international financial institutions
    Nov24

    National Bank of Ukraine: Ukraine risks to lose support of international financial institutions

    Ukraine is facing a threat of losing support of international financial institutions and not receiving another tranche from the International Monetary Fund (IMF) this year, NBU Governor Valeria Gontareva said at a meeting of the National Bank Council. ”Ukraine risks being left without the support of international financial institutions....

    Ukraine expects to get EUR 50 mln loan from Hungary to equip border
    Nov24

    Ukraine expects to get EUR 50 mln loan from Hungary to equip border

    Ukraine expects to get a loan in the amount of EUR 50 million from the Government of Hungary under the terms of tied aid for the implementation of arrangement projects of the Ukrainian-Hungarian border, according to the government`s decision, published on the web portal of the Cabinet of Ministers of Ukraine. A framework agreement on raising...

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