There are no grounds for devaluation of the hryvnia to UAH 30 / $. This was stated by Finance Minister, Serhiy Marchenko in an interview with Focus.
“I do not see the preconditions for the course to reach such a value. And I do not see any tools with which anyone can influence the course in this direction, “he said.
According to the Minister, there are currently no fundamental threats to the exchange rate stability of the hryvnia.
“Due to quarantine, imports to Ukraine fell by 18%, while exports fell by only 6%, which actually leveled the balance of payments. That is, the outflow of currency from the country has decreased and this reduces the pressure on the foreign exchange market, “he explained.
The country needs the hryvnia exchange rate, which ensures macroeconomic stability, Marchenko stressed. “If there are grounds for revaluation or devaluation – such processes should take place gradually, without creating a shock situation in the market,” he said.
The Verkhovna Rada of Ukraine adopted in the first reading the draft law №3637 on virtual assets. LIGA.net reports, 230 people’s deputies voted for this document. According to the explanatory note, the market for virtual assets in Ukraine has been already formed and has existed for about five years, but it is completely outside the […]
The Kyiv shipyard Kuznya na Rybalskomu (Ukrainian: “Кузня на Рибальському”) has returned to the state budget more than 300 million UAH, which the Ministry of Finance had previously paid on the company’s debts. It is noted that in 2017 the government provided state guarantees for a plant loan from Ukreximbank. The credit line allowed to […]
Latvian airline AirBaltic will resume flights to Ukraine on December 1 and will start a new flight Vilnius-Kiev to Boryspil airport. The schedule includes departures twice a week on Tuesdays and Saturdays on Airbus A220-300. Flights from Vilnius will depart at 09:00, from Kiev – at 11:15. “Vilnius Airport can be used for transit to […]
The decision of the Constitutional Court violates Ukraine’s obligations to Western creditors. This was reported by the Ministry of Finance with reference to the statement of the head of the department Serhiy Marchenko. He addressed to the assessments of the World Bank management regarding the decision of the Constitutional Court on the officials’ e-declarations. “They […]
Shares of Starbucks recovered from losses of February and March due to the pandemic and rose by 19.7% over the past 6 months. But shares fell again after the publication of the quarterly report, which ended September 30. Starbucks revenue and profit for the 4th quarter of fiscal 2020 showed a strong jump in growth […]
The Cabinet of Ministers has made changes to the Affordable Loans program of 5-7-9%. This was reported by the press service of the Ministry of Finance. In particular, the maximum level of annual income of enterprises was raised to the equivalent of 10 million euros, and the current requirement for the mandatory business profitability has […]
Shares of cruise company Royal Caribbean, which decreased by 57% since the beginning of the year, rose for the last quarter and closed with an increase of 10% to $ 57.31 per share on Monday after the publication of the financial results of the second quarter. Investor`s optimism is based on Royal Caribbean management’s statements […]
The German company Leoni AG will build a plant in Kolomyja, Ivano-Frankivsk region. This was reported by Dmitry Romaniuk, the head of the department of European integration and the development of tourism in Ivano-Frankivsk Regional State Administration. “The German company Leoni AG will build a new plant in Ivano-Frankivsk region (Kolomyja) and will create 8150 […]Next
Tesla Inc. of Elon Musk will export Model 3 electric cars made in China to Europe. This was reported by the Interfax-Ukraine news agency with reference to the company’s statement. The first batch of 7,000 cars will be shipped from the port of Shanghai on October 27. They are expected to reach the Belgian port […]Next
China in addition to the purchase of the coal business in Australia, aims to get the appropriate transport infrastructure for the supply of its raw material in many corners of the world, reports Bloomberg. Acquisition of Australian Yancoal Australia Ltd. (which is a part of Chinese coal-mining giant Yanzhou Coal Mining Company), a controlling stake […]Next
On December 18 at 23:30 p.m. it was posted the information on the site of the Governmental portal of Ukraine that on December 19, 2016, the PJSC Privatbank goes into 100 % ownership of the state. The text of the statement also reports that the decision was made at the meeting of the Cabinet of […]Next
Unfortunately, most businesses in our country learn about foreign investments from the media but not directly from their own production facilities. Despite the recent positive changes in the state, we still can’t talk about a high or at least a satisfactory level of foreign direct investment in the Ukrainian economy. FOREIGN DIRECT INVESTMENT According to […]Next
Volkswagen AG, Germany’s largest carmaker, plans to cut up to 5,000 jobs in Germany. Volkswagen has confirmed that the company has reached an agreement with the company’s board of employees, which provides for early or partial retirement of some employees. The company expects that about a thousand employees will choose early retirement. Volkswagen has not […]Next
The resumption of the number of tourists in New York is possible after the vaccination process begins in 2021, said the head of the New York Department of Tourism Fred Dixon. This was reported by CNN with reference to the forecast of the New York Department of Tourism. “Given the uncertainty of the prospects for […]Next
Tesla will suspend the sale of electric vehicles for Bitcoin due to environmental damage from mining and cryptocurrency transactions. This was stated by the head of the company Elon Musk on Twitter. “Tesla has suspended the purchase of cars using bitcoins. We are concerned about the growing use of fossil fuels, especially coal, which causes […]Next
Chinese internet giant Tencent Holdings has made an offer to buy Leyou Technologies Holdings, which estimates this video game developer at 11.61 billion Hong Kong dollars ($ 1.5 billion), writes The Wall Street Journal. Tencent plans to pay for the full transaction with money, without attracting outside funding, and is willing to pay $ 3.3219 […]Next
The Danish government will stop issuing new licenses for the development of oil and gas fields in the North Sea. The country will completely stop hydrocarbon production by 2050, according to Bloomberg. The Danish government reached an agreement with parliament late Thursday night to abandon a previously scheduled eighth round of licensing, as well as […]Next
Apple has given to CEO Tim Cook two options which can be converted into approximately 1 million shares of the company under certain conditions. This follows from the documents submitted by the corporation in the Securities and Exchange Commission (SEC) of the USA. The first option is 333,987 shares with the restrictions, which the head […]Next
The Georgian Industrial Group purchased 25% of the Ukrainian pharmaceutical company, which is 70% owned by the state. Buyer of the is Luraq Investments Limited (Limassol, Cyprus), which is part of the Georgian Industrial Group (Georgian Industrial Group, GIG) bought the last 25% of the insulin producer “Indar”, PJSC (Kyiv). This information was published by […]Next
Boeing Aerospace Corporation will start producing aircraft that will run entirely on biofuels by 2030. “To refuel the aircraft with environmentally friendly” fuel “, Boeing will need to modify the engines and other systems of aircraft. In addition, you will need a certificate confirming the safe operation of the aircraft,” – said in a press […]Next
A staff lawyer or a freelance consultant? This question was asked by many businesses, if not by all. And any of the control of management found both pluses and minuses of each option. Some people prefer in-house lawyers (corporate – in house), because they know the situation “from within”, while others are trying to involve […]Next
ComboApp Company, which is engaged in the marketing and PR of mobile applications, recently completely closed the Kiev office. It was closed by consulting direction ComboApp, according to the editorial board, about 40 people worked in Kiev. In Odessa continues the GoWide direction. ComboApp’s founder Vadim Chernega confirmed the company’s downsizing, adding that this decision […]Next
The agreement between two chemical corporations will make a company with a market value of $ 120 million. According to information of WSJ, two companies began to discuss the merger in November 2015. Now representatives of the enterprises carry out the last part of the negotiations between the leaders. When companies announced about agreement between […]Next