Business

People walk past a Billa supermarket. On Sept. 16, 2020

The owner of Novus Ukraine LLC, Consul Trade House UAB, has signed an agreement with Rewe International AG on the acquisition of a 100

Raising taxes to balance the budget is categorically unacceptable for businesses, the European Business Association (EBA) said in a press release. "From open sources, the European Business Association received the text of the draft amendments to the Tax Code, which…

 Work has begun on the construction of a new terminal and runway of the airport in Dnipro, the press service of Dnipropetrovsk Regional State Administration has reported, with reference to its head Oleksandr Bondarenko. "A truly historic event has now…

Raiffeisen Bank International AG CEO Johann Strobl has noted the active work of the bank in Ukraine, and he showed the particular interest in stable operation in the Ukrainian market. "We are very proud that in these difficult times we…

 Ukraine's state budget deficit of 6% GDP will result in public debt increase and its expensive servicing, Deputy Director of the Kyiv-based Center for Economic Strategy (CES) Maria Repko has said. "Several things at once make this budget dangerous for…

Naftogaz Ukrainy Executive Board Chairman Andriy Kobolev estimates the proceeds from PJSC Gazprom for the transit of Russian gas through the gas transmission system (GTS) of Ukraine at about $2 billion in 2020

Ukraine's Verkhovna Rada repeatedly introduced former co-owner of Ukrgasbank (Kyiv) ex-MP Vasyl Horbal to the Council of the National Bank of Ukraine (NBU). An Interfax-Ukraine correspondent has reported that 249 MPs backed his appointment to the post of the member…

 J.P. Morgan predicts an economic recession in Ukraine with GDP fall of 4% in 2020

The consumer price index in 2021 may grow by 6.5%, whereas earlier it was predicted to grow by 5.3%, Head of Macroeconomic Research of Investment Group ICU Serhiy Nikolaychuk has said. "In the fourth quarter, year-over-year inflation will return to…