On September 14-18, the National Bank sold $ 71 million in currency on the interbank foreign exchange market.
At the same time, the National Bank did not buy foreign currency in its international reserves during the reporting week. Therefore, the National Bank for the first time in the late July sold the currency on the interbank market to support the hryvnia.
Since the beginning of the year, the NBU has bought $ 4509.4 million worth of foreign currency on the interbank market and sold it for $ 3362.8 million. Net purchase of foreign currency by the National Bank since the beginning of the year was $ 1217.6 million.
In July-September 2020, Ukrainian banks closed 251of the structural subdivisions, reducing the regional network to 7329 branches by October 1. This is stated in the data of the National Bank. Most branches in the third quarter were closed by the state Oschadbank – 166, reducing its total number to 1931. During the same period, the […]
Before the fall of the economy in the second quarter of 11.4% led to strict quarantine restrictions and declining demand, as well as reduced investment. This is stated in the report of the National Bank. “The main factor in the deepening decline in GDP was expected to be a reduction in domestic demand. It is […]
In the second quarter of 2020, Ukraine’s gross external debt increased by $ 2.5 billion and amounted to $ 122.8 billion, according to the National Bank. In terms of GDP, debt increased to 78.8% from 75.1% at the end of the first quarter. At the beginning of the year the figure was 78.6%. “External debt […]
National Bank removes from circulation 25 of coin. From October 1, a coin of this denomination ceases to be a means of payment. This was stated at a briefing by Deputy Head of the NBU Oleksiy Shaban, according to the website. According to him, from October by these coins will not be able to pay […]
The Deposit Guarantee Fund of individuals is starting the procedure of withdrawal from the market of Arcade Bank, the press service of the FDG reported. The Fund offered several options for removing the bank from the market: liquidation of the bank of exclusion in the elimination of all or part of its assets and liabilities […]
Bank Arkada was declared insolvent due to a reduction in capital. The head of the National Bank Kyrylo Shevchenko spoke about the reasons for the bank’s withdrawal from the market on Wednesday, August 26. “The reason for withdrawing the bank from the market is to reduce the capital ratio to less than one third of […]
A subsidiary of Alibaba Group – Ant Group – plans to attract $ 35 billion in the course on the Shanghai and the Hong Kong exchange. This was reported by Bloomberg. The IPO could be the largest in history, the agency emphasizes. The previous record holder, Saudi oil company Aramco, raised $ 29.4 billion. The […]
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Gerard Adams, who is also called Mentor of Millenials is an American entrepreneur, an expert in the field of branding, philanthropist. He came to millionaire status in the age of 24 years. Edition Entrepreneur published Gerard reflections that represent the social significance and the role it plays in building a business for him. Knowing your […]
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On June 4, Smile-Expo will hold annual AI Conference Kyiv in the capital of Ukraine. This year, the conference is focused on business automation using artificial intelligence. Speakers include leading experts from Microsoft, Vodafone, Hewlett Packard Enterprise, METRO Cash & Carry, and other well-known companies. Keynote Speakers of AI Conference Kyiv The conference primarily aims […]
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Startups European market by the number of attracted investments only gives place to America and China markets. According to the analysis, which is carried out the investment bank of France Clipperton and resource Who Got Funded, it increased the number of transactions up to $ 30 million last year, which graded decline in the proportion […]
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In the second quarter of 2020, Japan’s economy shrank by 7.8% over the previous three months. Such preliminary official data was published by Trading Economics. It is noted that the fall of GDP was recorded for the third consecutive quarter and became a record, due to the negative impact of the COVID-19 coronavirus pandemic. At […]
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Singapore’s gross domestic product in the second quarter of 2020 fell by 41.2% compared to the previous quarter. This is evidenced by preliminary national statistics published on Tuesday, July 14. The volume of industrial production decreased by 23.1%, while construction fell by 95.6%, and the decline in services amounted to 37.7%. The results were a […]
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During the pandemic, Delta lost three-quarters of its revenue over the same period last year. The company can avoid layoffs if management and the trade unions will be able to conclude an agreement to cut costs, and the White House will continue to provide subsidies to airlines. Currently, the airline employs 11,200 pilots. Back in […]
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The “Billa-Ukraine” Company was restrainted the exploitation of the ground floor of an apartment house №27 on the Chornovil street in Kyiv, where on April 27, 2016 the opening of the supermarket was planned. This decision was concluded by the Shevchenko district court on April 21. As reported the initiative group of the residents, the […]
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Boston startup Thync (California) that made the device to improve mood, came to Ukraine. R&D-office already opened in the river and there are developing a mobile part of the product. Investors do not tell us how many employees are working and how many people they plan to hire more. We only know that the number […]
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According to financial club, Oschasbank agreed with the credit debt of JSC Avangard-Agro (AG) restructuration. The owner of AG is Oleh Bahmatiuk. It was published in the holding quarterly status report in London exchange. According to documents, the amount of debt will be converted in Ukrainian gryvnia by the rate of 25,65 UAH per 1 […]
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The London Court of International Arbitration upends the long-term dispute between the Arricano Real Estate and Stockman Interhold in respect of ownership of the Sky Mall shopping center. For a long time the conflict over the asset has been one of the most high-profile cases and negative in the sphere of development of Ukraine. May […]
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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 […]
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Group of companies Milk Alliance was the first among dairy companies in Ukraine that complied the order of the Bulgarian partner for the industrial supply of milk products. “This order is a test in order to study the demand and taste preferences of consumers. The products will be available in specialty stores focused on the population of the CIS […]
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Oil and gas company Chevron has closed the deal to buy the US Noble Energy for $ 5 billion, follows from the Chevron message. “Chevron announced today that the acquisition of Noble Energy has been completed following the approval of the agreement by the Noble Energy shareholders,” the company said. Earlier on Monday, Noble Energy […]
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According to Interfax-Ukraine, the State Food and Grain Corporation of Ukraine (SFGCU) will initiate a rate decrease. The Eximbank of China issued the credit to the corporation under Ukraine state guarantees in the amount of 1,5 milliard dollars in 2012. Oleksandr Hryhorovych, the acting CEO of SFGCU said: “We work on the very important issue. […]
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The supervisory board of Vinnitsafarmation in the press release reported:” Vinnitsafarmation which owns ‘Bazhayemo zdorovya’ network of pharmacies , intends to reacquire 18 million of common shares PJSC ‘Vinnitsafarmatsyia’ intends to redeem 18 million of common nominal shares”. PJSC ‘Vinnitsafarmatsyi’a plans to make the relevant decision at extraordinary general shareholder meeting which will take place […]
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