•TAS Group closed on its purchase of Universal Bank from Eurobank Group, multiple sources reported. TAScombank, formerly Business Standard Bank, has operated in the Ukrainian market since 1989, ranking 25th among 100 operating banks in terms of assets as of Oct 1.
•In conjunction with the United States, Ukraine has started reforming the automated system of the State Exports Supervision Service, Interfax Ukraine reported. The service is optimizing operations of the automated exports supervision system through an expansion of its functions, introducing the Stratlink e-licensing system designed by Estonia's SpinTek.
•Ukrainian Trade Representative Natalia Mykolska thinks the FTA agreement with Israel will be one of the priorities for next year, multiple sources reported. As for the possibility of creating an FTA with Turkey, she said negotiations are still in the early stages.
•Ukraine received the second and final tranche of EU financial assistance in the amount of $55 million as part of the financing agreement signed in 2014, Unian reported. The Finance Ministry has stressed that the assistance is another step towards deepening cooperation between Ukraine and the European Union.
•Ukraine will search for investors to construct a solar energy park in the Chernobyl exclusion zone at Expo 2017, which will take place in Kazakhstan and be dedicated to alternative energy, Interfax Ukraine reported. The government is convinced that this will create an opportunity to gradually transform the exclusion zone into an attractive area for investment.
•Prime Minister Volodymyr Groysman expects that natural gas production in Ukraine will rise up to 500 million cubic meters in 2017, according to Ukrinform. Based on that expectation, he predicted that by 2020, Ukraine will no longer have to buy gas abroad.
•A 27-year ordeal came to an end in Vienna this month, and 60 barges were transferred to ownership of Ukrainian Danube Navigation. The firm handles over 30 percent of Danube River transportation. Its fleet includes nearly 400 river vessels and 30 seagoing vessels.
•A subsidiary of Ukrainian agricultural behemoth Kernel will secure the company's debut eurobonds. The bond amount is $650 million with interest of 10 percent per annum, and the bond will mature in five years. Kernel is the world's largest producer and exporter of sunflower oil.
•Export of goods from Ukraine during the January-September period decreased by 8 percent from the same period in 2015, Ukrinform cited Economic Development and Trade Minister of Ukraine Stepan Kubiv as saying.
•The fate of the Odesa portside chemical plant will be decided this week, Unian cited Prime Minister Volodomyr Groysman as saying.
For comments and news tips, please email UBJ AM editor David Edwards at firstname.lastname@example.org.
The UBJ website, like most websites, uses small text files called cookies. This note provides information on what cookies are, which cookies The UBJ uses, and how they can be controlled.
If you wish to restrict or block cookies you can set your internet browser to do so- click on the following link for further information: Cookies statement
- What are cookies?
- Which cookies does The UBJ use?
- How to control cookies
- Full list of cookies used by The UBJ
Read about Cookie Statement
Welcome to the UBJ
The UBJ is a subscription based service specifically designed for senior executives. To use the service, please Register and we will automatically grant you 7 days Free access! Or Subscribe online and get 15% discount immediately (promocode UBJ000555). We hope you will enjoy using the site over this period and come to the conclusion that it is an indispensable intelligence service on all that is happening in what is Europe's new frontier economy.
To subscribe immediately please click the link:
If you have already Registered and you see this window, all you need to do is to Subscribe.
I already have an account Sign in