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UBJ AM News: Dec. 20, 2016
Boryspil International Airport sees a net revenue increase, Ukreximbank and the EIB ink a deal to boost Ukraine's private sector, and the anti-corruption agency picks five target areas for the future.
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

•The government's revised financial plan for Boryspil International Airport has net revenue increasing $7 million, Interfax Ukraine reported. Adjustments were made by the airport's top managers after the results of H1 2016. The airport's performance figures considerably exceeded the financial target. Boryspil seeks to start design work on a multilevel parking area for 1,000 parking lots by the end of the year.

•State-owned Ukreximbank signed a $260 million agreement with the European Investment Bank to support the private sector of Ukraine's economy within the framework of the free trade area agreement with the European Union, according to Interfax Ukraine.

•Ukraine's real GDP in the third quarter of 2016 increased 2 percent year on year, which is 0.2 percentage points higher than the figure in the previous assessment, according to the website of the State Statistics Service of Ukraine, Interfax Ukraine reported.

•The European Bank for Reconstruction and Development might participate in a potential future privatization of PrivatBank, Interfax Ukraine quoted bank official Francis Malige as saying. "It is too early to say that it is going to be privatized. But for now it is important that it should be nationalized properly, stabilized, restructured and then privatized after some time. When the decision time comes, of course we would like to support that," Malige said.

•Foreign direct investment into the Ukrainian banking sector in the first 10 months of the year amounted to $2.2 billion, which resulted from the recapitalization of banks by shareholders, according to Dt.ua. That made up the lion's share of the $3.1 billion in FDI the Ukrainian economy received, an increase of $900 million from last year.

•The National Agency for Prevention of Corruption has identified and approved five priority areas of activity for 2017–2020, Ukrinform reported. Those areas are: ensuring the efficient operation of preventive anti-corruption units, introducing the anti-corruption programs, raising the level of integrity standards of persons, authorized to perform state or local government functions, ensuring the operation of the state unified register of declarations of persons, authorized to perform state or local government functions, improving the system of state control over party finances. .

•Deputy Agrarian Policy and Food Minister of Ukraine Olha Trofimtseva said 78 percent of foreign investment in the Ukrainian agricultural sector comes from the EU countries, and the EU is Ukraine's second-largest trading partner in the ag sector, Ukrinform reported. Spain, Poland, the Netherlands, Italy and Germany all have a share of trade turnover with Ukraine exceeding 10 percent of the total.

•The index of consumer sentiment in Ukraine in November decreased 4.1 points from October to 47.4, according to a study by market research institute GfK Ukraine, Unian reported. Expectations for economic development over the next year were down as well, by 3.7 points compared from October.

•The monopoly watchdog is allowing a Kharkiv businessman to buy the property of Kyiv retailer Billa, Novoe Vremya reported. Permission for the purchase was granted to the Blagoveshenky and Pavlopolsky mercantile houses.

•Ukraine's Tarpan electric train, manufactured at the Kryukov Railcar Works, successfully completed its second test run to the Polish city of Przemysl, Novoe Vremya reported. A Polish railroad official said the train performed splendidly despite the cold and inclement weather.

For comments and news tips, please email UBJ AM editor David Edwards at david.edwards@theubj.com.

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