ICU estimates underfunding of 2020 state budget deficit at near UAH 100 bln
The ICU Investment Group estimates the financing of the state budget deficit in 2020 at UAH 200
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Rada adopts 2021 state budget
The Verkhovna Rada backed the state budget for 2021 (bill 4000) with a deficit of 5.5% of GDP, 289 deputies voted for it with the required 226 votes. The law, in particular, was supported by 225 MPs from the Servant…
Competition agency fines DTEK UAH 275 mln for abuse of monopoly, company believes decision biased
The Antimonopoly Committee of Ukraine (AMCU) on Tuesday decided to impose a fine of UAH 175.9 million on JSC DTEK Zakhidenergo and UAH 99.2 million on D.Trading LLC for abuse of monopoly position on the Burshtyn Energy Island in July-October…
Parliament approves budget, prolongs special status for Donbas
From left: Health Minister Maksym Stepanov, Finance Minister Serhiy Marchenko and Economy Minister Ihor Petrashko talk during a parliament session in Kyiv on Oct. 20, 2020
Interpipe appoints ex-CEO of ArcelorMittal Kryvyi Rih its head
The international vertically integrated pipe and wheel company Interpipe (Dnipro) has appointed Artem Poliakov, the former director general of PJSC ArcelorMittal Kryvyi Rih, as well as the ex-vice president of ArcelorMittal Group, a new director general. According to a press…
Grain harvest in Ukraine in 2020 totals 65.4 mln tonnes – Economy Ministry
In 2020, Ukrainian agricultural producers harvested 65.4 million tonnes of cereals and legumes from an area of 15.3 million hectares. The operational data of the regions on the results of the harvesting campaign was announced on Tuesday by Minister of…
Groundless accusations of UMCC on product supply to occupied territories aimed at disrupting company’s privatization – State Property Fund
The State Property Fund of Ukraine evaluates the disinformation campaign about the alleged supply of products of PrJSC United Mining and Chemical Company (UMCC), which manages Vilnohirsk Mining and Metallurgical Plant (Dnipropetrovsk region) and Irshansk Mining and Processing Plant (Zhytomyr…
Rada supports at second reading draft amendments to Budget Code – with 311 votes
The Verkhovna Rada of Ukraine adopted draft amendments to the Budget Code (bill No.4100
Misto Bank declared insolvent, state estimates recovery of 60% of deposits
A man passes the entrance of the National Bank of Ukraine in Kyiv on Dec. 2, 2020. Odesa-based Misto Bank has been declared bankrupt. The National Bank of Ukraine announced on Dec. 14 that Misto Bank’s capital ratio has fallen…
American University to open in Kyiv, advance Ukraine’s higher education
Dr. Stefanie Lindquist, senior vice president of Global Academic Initiatives at the Arizona State University (top L), Amb. Kurt Volker, former U.S. Special Representative for Ukraine Negotiations (top C), Morgan Williams, President & CEO, U.S.-Ukraine Business Council (top R), Karlo Goginava, managing…