Business

A deliveryman wearing a protective face mask pauses by a double-deck tourist bus decorated with a huge mask in Kyiv on March 18, 2020

State-owned PrivatBank (Kyiv) has switched all foreign exchange transactions online for the period of the termination of international air traffic, the press service of the bank reported on Wednesday. "From March 18, PrivatBank will conduct currency exchange operations for customers,…

The Verkhovna Rada has appointed Ihor Petrashko Minister of Economic Development, Trade and Agriculture of Ukraine. According to a correspondent of the Interfax-Ukraine agency, 243 MPs voted for the corresponding decision (draft resolution No. 3226 of March 16), which was…

The Nova Poshta group of companies temporarily closes offices in shopping and entertainment centers in several cities due to quarantine measures, parcels will be redirected to other offices, the company's press service said on Tuesday. In particular, the following offices…

SCM, the largest financial and industrial holding of the country, has addressed the president and prime minister of Ukraine, with an initiative to create the economic health headquarters. "The goal of the creation of the HQ is to find instruments…

The National Bank of Ukraine (NBU) has spent up to $1 billion to support the hryvnia since early 2020, forex reserves exceed $25 billion and they are enough to smooth fluctuations, Deputy NBU Governor Oleh Churiy has said. "We have…

Ukrzaliznytsia (Kyiv) has paid around $60 million on $500 million loan participation notes (LPN) placed in 2013 through the specially created company Shortline Plc. as depreciation and coupon payment. Ukrzaliznytsia paid its debt obligations to international creditors in a timely…

The impact of the crisis on Ukraine's balance of payment will be from neutral to possible positive due to the large decline in prices of energy, which prevails in Ukrainian imports and a slight fall in food prices, which account…

The Grand Chamber of the Supreme Court of Ukraine will continue hearing a cassation appeal of the National Bank of Ukraine (NBU), the Cabinet of Ministers of Ukraine and PrivatBank against decisions of courts of lower instances in the Surkis…

The National Bank of Ukraine (NBU) jointly with Urk banks is arranging an alternative system of supply of cash foreign currency to Ukraine, First Deputy NBU Governor Kateryna Rozhkova has said. "There are some difficulties with the cash U.S. dollar,…