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 […]
The Cabinet of Ministers has introduced a mandatory declaration of an increase in retail prices for gasoline and diesel fuel by more than 1%. Now the price increase must be reported in 20 days. This is stated in Government Resolution №450 of March 29, 2021, which was updated. The list of socially significant goods to […]Next
The “Industrial Milk Company” Agricultural holding (IMC, Kiev) plans to build a dairy farm for 700 heads in the Repkinsky district of the Chernigiv region until 2018. This was announced by the CEO of the company Alex Lissitsa. According to him, the company intends to modernize the dairy complex in the Repkinsky district in the […]Next
Recently in a world of M&A another significant deal was concluded. The CMA CGM French company, that occupies the third place in the world and specializes in the sphere of container shipping concluded the deal with Singapore shipping company Neptune Orient Lines (NOL), which incurs losses for the last several years. The agreement is valued […]Next
The Roshen Confectionery Corporation plans to invest € 25 million in the construction of the second stage of the Vinnytsia dairy plant. This was announced by the director of the plant Dmitry Roshupkin, – writes the “Interfax-Ukraine”. “We have already started designing the second stage, the first piece of equipment has been already in order. […]Next
Ukraine is preparing to place eight-year dollar Eurobonds, Interfax-Ukraine reports, citing a source in banking circles. According to the publication, the Ministry of Finance has already opened a book of applications. The benchmark profitability of the issue is 7-7.25%. The organizers of the placement are BNP Paribas, Deutsche Bank, Goldman Sachs International, JP Morgan.Next
Automotive sports car maker Aston Martin has introduced a new Aston Martin supercar Valkyrie Spider. “Aston Martin Valkyrie is a product of incredible innovation and technology, but above all, it’s about emotions. At Valkyrie Spider, we take that passion and emotion to the next level. The driving experience promises to be truly sensational,” said CEO […]Next
The price of shares of Coca-Cola today is 13.6% lower than at the beginning of 2020, and the profit with revenues of the second quarter fell by a third due to lower sales in restaurants and entertainments in the conditions of a pandemic. At the same time, shares of Coca-Cola are considered to be a […]Next
Ukrainian businessman Serhiy Tigipko was denied the purchase of more than 99% of Prominvestbank (PIB) shares through Luregio Limited. National Bank made the relevant decision due to problematic issues of the Bank’s activity. “The Committee on Supervision and Regulation of Banking, Oversight (Oversight) of Payment Systems adopted this decision on February 5, 2021. The decision […]Next
Switzerland is an amazing country, and not only in the sense of the unsurpassed beauty of the landscape, but also in the incredible economic performance having ultralow natural resources. Switzerland is a country with almost complete lack of mineral deposits. Most of the territory consists of mountain ranges of the Alps. There is everything you […]Next
A major manufacturer of products, Unilever Company intends to launch a tea factory in the Kiev region in the second half of 2016. The company has already invested in the project € 8.3 million. “Unilever will launch its own tea factory in Gostomel. Unilever works on the project from the middle of 2015, and at […]Next
The tripartite international project will be directed to the implementation of woods full state accounting and maintaining the state forest inventory. Kristina Yushkevich,acting chairman of the State agency of forest resources, held a meeting with the Michael Kharms director of Committee of the East European economic relations (Germany) and the Mikael Sutter representative of environmental […]Next
The Verkhovna Rada adopted a law providing for the possibility of establishing state enterprises Ukrainian aircraft industry joint ventures (JVs) with foreign partners. Law №4809 “On Amendments to Certain Legislative Acts of Ukraine regarding the establishment of conditions for international cooperation entities of aircraft and the development of domestic aircraft” supported 241 MP of the […]Next
Antimonopoly Committee of Ukraine has approved the deal Cyprus company Fundamentum KCG Limited with representative of national business OOO Development Foundation. The decision was published on the official website of the Ukrainian regulator on January, 27 of this year. According to publicly available information, the foreign conglomerate will carry out the acquisition of a controlling […]Next
Ukrzoloto opens the jewelry store under the brand “Golden Place” in Wroclaw (Poland). “For placing the store the company chose a location in the largest shopping center in Wroclaw –“Aleja Bielany” , – says a member of the board of the “Ukrzoloto” Andrei Zhuk. Over 30 thousand jewelry brands: SoVa, Roberto Bravo, Kimberli, Golden Silver, […]Next
The Tesla Motors will conclude the bargain with the Grohmann Engineering GmbH complex. The representatives of the American company which are engaged in a construction of electro cars intend to redeem 100% of the systems European developer shares for batteries release. They are going to close the deal until the end of 2017. The cooperation […]Next
Last year, Ukraine’s economy shrank by 4%, while the Cabinet of Ministers expected a decline of 4.8%. Data from the State Statistics Service show this. According to the Ministry of Economy, Ukraine’s GDP decreased by 4.2% in 2020. The fall in GDP last year was the first in five years. According to the State Statistics […]Next