The decision of the Constitutional Court violates Ukraine’s obligations to Western creditors. This was reported by the Ministry of Finance with reference to the statement of the head of the department Serhiy Marchenko.
He addressed to the assessments of the World Bank management regarding the decision of the Constitutional Court on the officials’ e-declarations. “They believe Ukraine is violating its liabilities under the DPL loan agreement. This threatens all the bank’s projects with Ukraine. In general, we talk about $ 2.23 billion,” Marchenko said.
According to him, Ukrainian authorities risk losing two IMF tranches of $ 700 million this year, as well as a € 600 million loan from the EU and $ 350 million from the World Bank due to the decision of the Constitutional Court.
Moreover, the Ukrainian government may not receive another $ 1.5 billion from the IMF, € 600 million from the EU and $ 350 million from the World Bank in 2021.
The Verkhovna Rada of Ukraine adopted in the first reading the draft law №3637 on virtual assets. LIGA.net reports, 230 people’s deputies voted for this document. According to the explanatory note, the market for virtual assets in Ukraine has been already formed and has existed for about five years, but it is completely outside the […]
The Kyiv shipyard Kuznya na Rybalskomu (Ukrainian: “Кузня на Рибальському”) has returned to the state budget more than 300 million UAH, which the Ministry of Finance had previously paid on the company’s debts. It is noted that in 2017 the government provided state guarantees for a plant loan from Ukreximbank. The credit line allowed to […]
The Cabinet of Ministers has made changes to the Affordable Loans program of 5-7-9%. This was reported by the press service of the Ministry of Finance. In particular, the maximum level of annual income of enterprises was raised to the equivalent of 10 million euros, and the current requirement for the mandatory business profitability has […]
The increase of the minimum wage in Ukraine from UAH 5,000 to UAH 6,500 in 2021 may increase the state budget deficit to more than 6% of gross domestic product. This is stated in the economic review of the World Bank. In addition, the increase in the minimum wage will increase the overall need to […]
The IMF said that the continuation of Ukraine’s financial support program depends on the independence of NABU, SAP and HACCUkraine. This was stated by the representative of the International Monetary Fund Jerry Rice, on September 10 in Washington. “I can say that the creation of an effective anti-corruption base for Ukraine has been a crucial […]
The world economy is on the road to recovery amid the pandemic COVID-19, however, the final completion of the corona crisis is possible only in the case of mass use of the vaccine. This was stated by IMF chief Kristalina Georgieva and Chief Economist of Fund Gita Gopinath in their joint paper of the magazine […]
There are no grounds for devaluation of the hryvnia to UAH 30 / $. This was stated by Finance Minister, Serhiy Marchenko in an interview with Focus. “I do not see the preconditions for the course to reach such a value. And I do not see any tools with which anyone can influence the course […]
Shares of BlackBerry jumped sharply on auction on December 1 after the news of a partnership with Amazon Web Service. TechCrunch writes that together they will develop and sell a service for connected cars – IVY platform. Stock quotes at the beginning of trading on the New York Stock Exchange (NYSE) rose by 35%. The […]Next
From confidence to clarity, there are a number of reasons holding you back from success. Previously LDaily wrote about how important it is to improve the professional value – “To be successful in business means to have a high” social currency “, take into account the things that you need to pay attention to at […]Next
The Danish Board of Appeal for the Environment and Foodstuffs has revoked the permit issued by the Environmental Protection Agency for the construction of the Baltic Pipe gas pipeline. “On July 12, 2019, the Danish Environmental Protection Authority issued an environmental permit for the construction of the Baltic Pipe. On May 31, 2021, the Environmental […]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
The Council of the European Union approved funding in the amount of 87.4 billion euro for the Member States in the form of the loans under the SURE – temporary EU instruments to reduce the risk of unemployment during the pandemic coronavirus COVID-19. This support should help for the Member States to finance sharp increase […]Next
There are more and more services every day that you can use with your own gadget from home. For business in the field of HoReCa, interaction with customers in the digital world is crucial. After all, guests are accustomed to convenient one-click booking, reminders about their reservations and more. Today, business owners are actively developing […]Next
On Thursday, Advanced Micro Devices Inc. has introduced the long-awaited line of four next-generation Ryzen 5000 series CPUs for the desktop PCs, based on the new Zen 3 architecture. Ryzen 5000 series products are based on the 7-nm manufacturing process of the Taiwan Semiconductor and designed for the computer gamers and the content creators. AMD […]Next
In September 2020, the Italian company Lamborghini sold 738 cars worldwide. This is a new record for the company, according to its website. At the same time, in the third quarter of 2020, 2,083 Lamborghini cars were sold worldwide. In the spring of this year Lamborghini was forced to close all its plants for two […]Next
The court satisfied the third claim of Oschadbank against the Creative company. It is reported by the press service of the Bank. According to the report, on April 28, the Commercial Court of Kirovograd region satisfied the third claim of Oschadbank against the Creative company and the Creative Agro company for solidarity overdue debt collection […]Next
According to Ukranian Agrarian Business Club (UABC), Ukraine possess the third place in buckwheat production in the world. China and Russia take the first and second place.The buckwheat production in Ukraine has been characterised by sharp fluctuations within 140-180 thousand tonnes. It was caused by the price of the cultivation. An internal consumption of buckwheat […]Next
The Commercial Court of Kyiv suspended the decision of the Antimonopoly Committee, which seized the accounts of tobacco companies as part of a forced fine of UAH 6.5 billion. “The court rejected their request. We welcome this decision, since the arrest of accounts could endanger the normal functioning of large companies and negatively affect tax […]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
On 21st of March 2019, at 7 pm, The German-Ukrainian Chamber of Industry and Commerce for the first time will get a VIP treatment for the key men, executives and stakeholders of German and Ukrainian businesses in a ball-room of Fairmont Grand Hotel Kyiv. During this exquisite event, guests will enjoy a bright ball night […]Next
Intellias has been recognized among the best IT service companies according to the annual Best Employer Survey by EY Ukraine. During this survey, the industry’s professionals and students ranked the best IT employers and specified employer attractiveness criteria. Among other Top 10 IT employers the professionals also mentioned Ciklum, EPAM, Genesis, GlobalLogic, Google, Grammarly, MacPaw, […]Next
According to the company’s reports, the net loss of the British oil and gas giant BP Plc., which belongs to shareholders, for the nine months of 2020 amounted to $ 21.663 billion against profit a year ago. In terms of shares, the diluted loss of BP amounted to $ 1.07 against a profit of $ […]Next
The Bloomberg News agency estimated the yield a wide range of assets in 2015, ranging from currencies and stock indexes, to commodities and junk bonds. It is in the segment of junk bonds (junk, high-yield bonds) determined the most profitable asset last year – Eurobonds of Ukrzaliznytsia with maturing in May 2018. Investments in this […]Next