The Supervisory Board of the state-owned PrivatBank has elected Gerhard Bösch as the new Chairman of the Board. This was announced on Thursday, May 27, the press service of the bank.
It is noted that Bösch will take office after the approval of his candidacy by the National Bank of Ukraine.
According to the press service, the new head was appointed based on the results of competitive selection. He has extensive experience in the transformation of banks, including their privatization.
As you know, Gerhard Bösch headed the World Treasury and Markets Department at Raiffeisen Centralbank from 2004 to 2006, then served as First Deputy Chairman of the Board for four years. Since 2010, Bösch has been the First Deputy Chairman of the Management Board of Raiffeisen Bank Aval.
The Federal Aviation Administration (FAA) is set to release on Thursday, November 6, a list of the nation’s busiest airports where flight volumes will be reduced by 10% due to the ongoing federal government shutdown. FAA Administrator Brian Bedford said that “in 35 years in the aviation industry, I can’t recall a situation where we […]
Google plans to build a large artificial intelligence data processing center on the remote Christmas Island in the Indian Ocean, Reuters reports, citing reviewed documents and conversations with officials. According to military experts, such a facility would become a strategic asset on the island, which is increasingly being viewed by defense officials as a critical […]
Toyota has announced a massive recall of more than one million vehicles due to a malfunction in the rearview camera system, which may prevent the display from showing the rear view while reversing, Carscoops reports. The recall affects Toyota, Lexus, and Subaru models, including the Camry, Crown, Land Cruiser, RX, TX, LC, and the Solterra […]
Microsoft Corporation has signed a $9.7 billion deal with data centre operator IREN, which provides access to advanced Nvidia chips. This was reported by Reuters. This caused IREN’s shares to rise more than 20% on Monday, 3 November, during pre-market trading. It is noted that shares in artificial intelligence server manufacturer Dell rose 5% as […]
Romania has signed an agreement with German defence company Rheinmetall to build a powder factory. According to Prime Minister Ilie Bolojan, construction of the €535 million plant in Victoria is expected to begin in 2026, take three years to complete and create around 700 jobs. He noted that Romania will seek to finance part of […]
The second VAT rate increase in seven years, scheduled for 2026, will place Russia among the top 20 countries in the world in terms of this tax. This was announced by analysts at the Gaidar Institute. Only a few EU countries or countries belonging to the EU single market will have higher VAT rates than […]
The Council of the European Union has approved the fifth payment to Ukraine totaling over €1.8 billion under the Ukraine Facility mechanism, according to a statement published on the EU Council’s website. This amount reflects Ukraine’s successful implementation of nine steps required for the fifth tranche, as well as one outstanding step from the fourth […]
The largest oil refineries in Turkey have begun purchasing more non-Russian crude in response to the latest Western sanctions against Moscow, Reuters reports, citing sources familiar with the situation. Turkey, India, and China have been buying nearly all the crude oil exported by Russia. Seaborne shipments to China this year have remained at about 1–1.5 […]
The American information technology giant of Microsoft intends to buy the creator and developer of games ZeniMax Media for $ 7.5 billion. “On Monday, Microsoft announced plans to acquire ZeniMax Media, parent company for Bethesda Softworks, one of the world’s largest private developers and game publishers … Under the terms of the agreement, Microsoft will […]
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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 […]
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The most popular cryptocurrency bitcoin has risen again to 60 thousand dollars. Its value increases on the news of a possible reduction in supply. Reuters writes about it. Note that bitcoin first took this bar on March 13, reaching a record high of $ 61,781.83 on the Bitstamp exchange. This came immediately after US President […]
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In 2017, stops its work another bank in Ukraine. This is the PJSC Bank Trust . The decision on liquidation of the financial institution was taken on December 29th at the meeting of the National Bank of Ukraine. Information about this was also posted on the official resource of Guarantee Fund deposits of natural persons. […]
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“Metinvest Holding” LLC, the management company of the largest Ukrainian mining and steel group “Metinvest”, filed a lawsuit to the Alchevsk Metallurgical Plant (ALMK, registered in Severodonetsk, Luhansk region), included in the corporation “ISD” and “Metinvest-SMC” LLC on totaling more than 5.8 billion UAH. The Commercial Court of Kiev began the production and adopted a […]
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At the pharmaceutical plant “Kusum Pharm” in Sumy by the end of 2019 the production will be doubled, which will allow to produce up to 50 new names of drugs. This will be possible thanks to the implementation of the import substitution program. This was told reporters co-founder and CEO Rajeev Gupta, during an official […]
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Olena Prytula, editor-founder of the Ukrainska pravda online publication, and Tomasz Fiala, CEO of Dragon Capital, have entered into an agreement under which 100% of the corporate rights to the publication and all its assets will pass to the Dragon Capital Group. This was reported on the website of the investment company. It is noted […]
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Polish oil and gas company PGNiG has postponed the start of gas exploration in Ukraine to the first half of 2021, said the head of the company Jerzy Kwentczycki. “PGNiG also intends to participate more actively in projects related to hydrocarbon production in Ukraine. The company plans to start exploring of the natural gas in […]
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American carmaker Ford is recalling more than 661,000 Ford Explorer crossovers in North America due to problems with disconnecting the roof rails. Reuters reported this the day before. The US National Highway Traffic Safety Administration requested a recall. If necessary, the dealer will install special pins and replace the damage. Since the beginning of 2020, […]
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A metallurgical complex Arcelor Mittal (Kryvyi Rih) will be forced to pay a fine of 72 million UAH. It was decided by the Dnipropetrovsk Commercial Court of Appeal to satisfy the claim against the industrial complex in the case of exceeding the level of pollutant emissions into the atmosphere. The case was opened on the […]
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On Tuesday, the world’s largest manufacturer of jeans and casual wear, Levi Strauss, announced better than expected results of its 3rd financial quarter, which ended on August 23. The company reported the profits of $ 27 million, after the loss of $ 364 million in the second quarter, when Levi was forced to cut 15% […]
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Representatives of the Russian corporation Hotel Development reported the signing of an agreement for the sale of the hotel Radisson Blu Hotel Kiev Podol, previously owned by foreign shareholders. Estimated value of the transaction is approximately $ 10 million. With regard to information about the new owner of the four-star hotel in the prestigious district […]
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PayPal Holdings has fulfilled its promise made last month by making its PayPal Cryptocurrency application available to all registered users in the United States. On October 21, the service was launched in test mode for a limited number of users. Commenting on the November 2 financial report, PayPal CEO Dan Shulman said that only 10% […]
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On Wednesday, August 18, Ukrspetsexport signed a framework contract with the Turkish THK Teknik A.Ş. to establish a repair base for Mi-17 helicopters in Turkey. According to Ukroboronprom, the document was signed during the international exhibition of the defense industry IDEF-2021. The contract provides for the repair of equipment of Turkish customers and the execution […]
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Lauffer Group plans to increase investment in its bakeries in Kharkiv to 10 million UAH, – writes the press service of the company. According to the head of the business Lauffer Group in Kharkov, Bogdan Alexandrov, in 2015 the company invested in Kharkiv bakeries 4 million UAH. “Re-equipment of the production was carried out in […]
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During the first six months of 2021, the Ministry of Finance attracted UAH 257.8 billion in loans or 76.6% of the plan from the state budget. This was reported on the website of the department on Friday, July 2. UAH 211.4 billion was attracted to the budget from the placement of IGLBs, including UAH 59.7 […]
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