The current state of the financial sector is assessed as the best in recent years, and no negative changes are expected in the next six months. The heads of financial institutions of Ukraine gave the corresponding assessment and forecast. This follows from the results of a survey on systemic risks in the financial sector of the National Bank.
Thus, the positive balance of responses (+ 22%) of the heads of the largest banks and non-bank financial institutions of Ukraine in May was the highest in the entire survey.
Also, every third top manager pointed to the improvement of the state of affairs in the financial sector over the past six months. At the same time, only 6% of respondents rated his condition below satisfactory.
In addition, among the respondents, 20% believe that the current resilience of the financial sector to significant adverse events is high or very high compared to 9% six months ago. In addition, 33% of respondents expect the sector to improve.
At the same time, the share of respondents with negative expectations decreased eight times to 6%.
Heads of financial institutions once again named the main source of risk as the general level of corruption, the activities of law enforcement agencies and the judiciary. The risk of a possible escalation of hostilities by the Russian Federation in the east of the country also increased rapidly.
The NBU believes that the improvement in estimates of mainly economic risk factors indicates a gradual exit of Ukraine’s economy from the crisis.
Among the main risks for two consecutive surveys are threats to cooperation with international financial organizations.
El Salvador was the first in the world to legalize bitcoin as an official means of payment. Such a law was passed by the country’s parliament. 62 parliamentarians supported the bill, 19 voted against, and three abstained. President Nayib Bukele intends to sign the law soon, after which it will take effect “immediately”. Thus, accepting […]
Pfizer will test its COVID vaccine in children under 12 years of age. Radio Svoboda reported this with reference to the company’s statement. The study will involve up to 4,500 children in the United States, Finland, Poland and Spain. The drug is already approved for use in emergencies for adolescents 12 years and older in […]
It takes at least 10 years to reform Ukrainian industry. President Volodymyr Zelensky stated this during the Ukraine 30 forum. “Modernization of industry, which has not taken place in Ukraine so far, will take place this time. We are talking about modernization of large industry, any, not just TPP. But do not believe those who […]
In the United States over the past 15 years, 25 billionaires have paid a much lower income tax than they should have. ProPublica based on confidential data from the US IRS published the investigation. In particular, among the 25 billionaires are Berkshire Hathaway CEO Warren Buffett, former New York Mayor Michael Bloomberg, Amazon founder Jeff […]
US President Joe Biden on Wednesday, June 9, signed a decree lifting restrictions against Chinese services TikTok and WeChat, imposed by former President Donald Trump. The press service of the White House reports. This is a decree of August 2020 on restrictions against the Chinese companies ByteDance and Tencent, which own the video service TikTok […]
The company, which was boosted by the coronavirus pandemic, continues to grow customers despite declining video conferencing. From February to April, 497 thousand organizations bought the premium version of Zoom, which is almost 30 thousand more than in the period from November to January. Although these data suggest a slowdown in customer growth, as from […]
Richard Branson’s aerospace company Virgin Galactic has announced a contract for a special research flight by Kelly Gerard, a member of the International Space Institute (IIAS). The astronaut will conduct experiments and test new health technologies while in space. The company’s shares in the premarket rose 7.61% to $ 33.5. “Much of our mission is […]
U.S. President Joe Biden on Thursday signed a decree banning Washington from investing in 60 Chinese companies that the White House says are undermining U.S. security. “This executive order allows the United States to ban investments in Chinese companies that undermine the security or democratic values of the United States and our allies,” the document […]
The “Agrotrade” Company Group renegotiated long-term agreements with the European Bank for Reconstruction and Development (EBRD) for the next 5 years, – said the press service of the company. According to the report, it will be key to the success of the Group companies, to improve the investment climate in the region, economic development and […]
Next
The Hon Hai Precision Industry Co is the largest developer and supplier of electronics in Asia and is going to buy Japanese rival Sharp for $ 2.5 billion. This proposal is very beneficial for Sharp, because the amount that the Taiwanese firm offered for the transaction twice exceeds the market value of the company. At […]
Next
This issue is devoted to the achievements and successes of cooperation of both countries. Diplomats and businesspersons of German companies in Ukraine tell readers about their way to the country’s market, share their achievements, as well as experience in introducing innovations in companies and plans for the future. Ernst Reichel, the Ambassador Extraordinary and Plenipotentiary […]
Next
Two state banks have filed a lawsuit against the Creative regarding the reimbursement of debts. In particular, Ukreximbank wants to recover 57.71 million UAH and $ 7.84 million of arrears on the loan agreement dated November 17, 2008. Also Oschadbank wants to compensate another $ 25.24 million. In addition, Piraeus Bank ICB is trying to […]
Next
Goldman Sachs launches Marcus Invest asset management service for investors with small capital, according to Reuters. The service will automatically invest clients’ funds in exchange-traded funds (etf) on stocks and bonds and rebalance portfolios based on models that develop the bank’s investment strategy. Historically, Goldman Sachs has offered asset management services to clients with capital […]
Next
The National Bank did not enter the interbank foreign exchange market this week, as in the previous seven weeks. Since the beginning of the year, the NBU has bought $ 290.5 million on the interbank market and sold $ 70 million. The balance of interventions amounted to 220.5 million dollars. It will be recalled that […]
Next
Recently was received an information that Nezhin fat plant will invest in the construction of a new oil-extracting factory. The Company appraises the need for investment in the construction of this plant in the amount of about $ 50 million (of proprietary funds and borrowed resources). Nezhin fat plant (Chernihiv region) plans to build the […]
Next
The President’s Office stated that the decision of the Kyiv District Administrative Court (KDAC) to dismiss NABU Director Artem Sytnyk could not be considered final, as it would be appealed. This was announced on Tuesday, October 27 by the press service of the President’s Office. The President also noted that any differences over anti-corruption bodies […]
Next
TUI will receive another 1.2 billion euros in state aid in connection with the effects of the coronavirus pandemic, the press service of the travel concern said. “The € 1.2 billion stabilization package strengthens the group’s position, providing sufficient liquidity in an unstable market environment. This applies to both the tourist season of the winter […]
Next
The State Food and Grain Corporation of Ukraine plans to expand the list of export products sold in China, and to enter the Chinese soybean market, says the “UkrAgroConsult”. It is reported that this is a promising direction because of no quotas, the quality of Ukrainian soybeans, namely, the statutory bar for GMO content and […]
Next
The world’s largest producer of alcohol, the British Diageo has initiated arbitration proceedings with the French luxury goods manufacturer LVMH Moet Hennessy – Louis Vuitton SA due to non-payment of dividends in the amount of 181 million euros in 2019. Diageo owns 34% in the joint venture with LVMH for the production of alcoholic beverages […]
Next
Net income of one of the largest manufacturers of digital cameras in the world decreased by 31.6% in 2016 compared to the year 2015. Last year it was equal to the index of 1,298 billion US dollars. These data are shown in the statements of Canon (headquartered in Tokyo, Japan), as reported UkrainianForbes. For the […]
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
The State Property Fund (SPF) of Ukraine expects to announce the second tender for sale of “Odessa Port Plant” in late summer – early autumn. This was stated by Igor Bilous, head of the State Property Fund at a press conference in Kyiv on Tuesday. “We expect to start the second round at the end of […]
Next
According to a report by the US Department of Commerce on Thursday, the fall in gross domestic product (GDP) for the period from April to June (2nd quarter) amounted to 32.9% compared with the same value last year. Economists have noted that it is the strongest decrease since the government started to keep records in […]
Next
The management of the Hungarian airline Wizz Air will close a branch in Kyiv, that has three passenger liners, if its employees do not agree to stop the union. This is stated in the statement of the European Transport Workers Federation ETF. According to the statment, the conflict began after the decision of Wizz Air […]
Next