The fall of the hryvnia will not happen again in the event of a full lockdown, as in March, assured the director of the open markets department of the National Bank Oleksiy Lupin.
“We do not expect a repeat of the March events in the foreign exchange market, because in March it was something new, there was panic all around the world, and no one knew what to do,” Lupine said.
He clarified that the March fall was caused by panic among non-residents who tried to quickly withdraw and quickly close their investments in Ukraine.
According to him, non-residents followed a similar tactic not only in Ukraine but also in all developing countries.
The official exchange rate of hryvnia to the dollar at the end of the third quarter compared to the end of the second quarter of 2020 decreased by 6%. Since the beginning of the year, the hryvnia has devalued by almost 20%.
The Supreme Court declared Astra Bank insolvent, the press service of the National Bank reports. By its decision, the Supreme Court overturned the decisions of the Kyiv District Administrative Court and the Sixth Administrative Court of Appeal, which found the central bank’s actions illegal. The NBU reminded that Astra Bank is the only bank that […]
The National Bank did not go out this week with interventions on the interbank market, according to the press service of the regulator on Friday, November 27. The Central Bank has been refusing to buy or sell currency for three weeks in a row. At the same time, since the beginning of the year, the […]
If re-rigid quarantine is introduced, the Ukrainian economy will lose three times less than during the spring lockdown. This was stated on ICTV by the adviser to the head of the President’s Office Tymofiy Milovanov. According to him, the second lockdown will be easier, because during this time the economy has adapted to the conditions […]
The court satisfied the claim of the state-owned PrivatBank to Agroterminal and decided to collect UAH 1 billion in debt from it as a guarantor of Boryvazh. This is stated in the decision of the Commercial Court of Odessa region. According to court materials, PrivatBank terminated the loan agreement due to the debtor’s breach of […]
The defining reason for the depreciation of the hryvnia against the dollar and the euro in the third quarter was the deterioration of business expectations. Deteriorating expectations created increased demand for the currency, which turned out to be higher than supply. This contributed to the devaluation pressure in the foreign exchange market in the III […]
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 […]
Belarusian airline Belavia has extended its decision to refuse flights to Ukraine until the end of September, the company’s press service reports. “The Ukrainian side informed about the extension of the ban on Belavia flights until September 30, 2021. This is their official position. In this regard, the suspension of all flights to Ukraine has […]Next
Each company and the man himself admits, sometimes failing, seemingly mistakes. But if it is really a failure or a good experience for the development shows a wonderful book of Laurence G. Weinzimmer and Jim McConoughey “The Wisdom of Failure”. 5 small stories from the book will help you to understand that the business mistakes […]Next
American company Zynga Inc. that creates popular social network games has closed a deal to buy everyone in circulation in the shares of the Turkish Peak Games. It is reported that the payment was almost equal to the funds and ordinary shares of the company. As part of the operation, Zynga received two franchises from […]Next
In every company sooner or later there comes a time when the manager asks a question of legal support for business. Solutions may be very different: someone delegate such powers to accountant and it really works, it is true, as long as does not need an expert with deeper legal competence, and someone is trying […]Next
Ukrainian company Blynk, which develops software for creating its own IoT-applications, announced a contract with a major manufacturer of Electronics – SparkFun. In collaboration was created the product SparkFun Blynk Board. Blynk also entered the start package of the SparkFun IoT Starter Kit with Blynk. The fact that the startup conducts negotiations with a major […]Next
The “Interhim” pharmaceutical company has completed the construction of laboratory and manufacturing facility in Odessa. Besides, the company has invested in increasing of production capacities. This step will allow the company to increase 4 times its production. At the beginning of May 2016 the total investment is 42 million euros. The number of new jobs […]Next
On Monday, PepsiCo announced its second fiscal quarter which ended on June 30. The results exceeded Wall Street expectations but were mixed. On the one hand, sales of food and snacks increased as consumers bought snacks for breakfast and home-made goods. On the other hand, sales of beverages decreased because large sales channels such as […]Next
The vaccine, developed by biotechnology company Moderna, is effective in 94.5% of cases. This result was shown by the intermediate results of the third phase of clinical trials, the company said. On this news, Moderna shares went up. In the pre-market, the company’s quoting rose by more than 18%, rising above $ 105 per share. […]Next
Re-arrest of Gulliver, the appointment to the post of Privatbank a foreign financier and the return of the tax police: events that you need to know. LDaily: only what is really worth your attention. Gulliver: “… there is no base for court decision on the arrest of the property “ Ukrainian media notified again about […]Next
According to Business Insider, SpaceX founder and Tesla CEO Elon Musk is selling four homes in Los Angeles for $62.5 million. It is already known that these houses will be sold to the LLC developer owned by businessman Ardi Tavangarian. “Arya Chalon LLC will combine the real estate portfolio into a new single project to […]Next
NASA has provided to Nokia with $ 14.1 million to deploy 4G (LTE) network on the moon. The US space agency noted that telecommunications networks of this standard will be able to provide more reliable than radio signals, communication on the Earth’s satellite, where it is planned to build the lunar base by 2028. NASA […]Next
In September 2016, the Ukrainian government will open an office, which is financially supported by private equity fund for support investment from abroad. It is about WNISEF (Western NIS Enterprise Fund), which was established in 1994 with a capital of $ 150 million, for the amount, which was paid by the US government. This kind […]Next
The Ministry of Finance held an auction for the sale of domestic government bonds (IGLBs), which raised UAH 1.89 billion to the state budget. This was reported by the press service of the Ministry of Finance on Tuesday, August 3. In total, investors were offered five issues of securities in hryvnia. The weighted average yield […]Next
South Korean Samsung continues to expand its pharmaceutical business, investing nearly $ 2 billion in the construction of plant for the production of medicines, which should become the largest of its kind in the world after the completion of works in 2022. According to The Wall Street Journal, the company is betting on further growth […]Next
The victory of the candidate from the Republicans in the USA President elections stirred up not only the global political community but the US stock market too. According to Bloomberg analytical bureau, Hillary Clinton’s loss has hit the financial condition of 500 richest people in the world. In particular, analysts say that after the announcement of the race […]Next
Ukreximbank’s Chairman of the Board Yevhen Metzger has written a statement resigning during the investigation into the attack on journalists. “The situation around the bank is unacceptable. My overly emotional reaction and unrestrained behavior towards journalists are not justified. I am fully aware of my responsibility,” the statement said. To remove partially the damage to […]Next