Business Update: April 30 – Banks profit, police investigate illegal logging and forest fires
A firefighter extinguishes flames in the forest near the village of Lychmany in Zhytomyr Oblast on April 26, 2020
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Read MoreBusiness Update: April 30 – Banks profit, police investigate illegal logging and forest fires
Business Lockdown: Banker McWhorter says businesses should plan for recovery
Alexander McWhorter, the Citibank country officer and corporate bank head for Ukraine, poses for a picture in front of the company’s Kyiv office on April 29, 2020
Cabinet approves criteria allowing food markets to resume their operation
The Cabinet of Ministers of Ukraine has supported the criteria that allow food markets to resume their activities. The corresponding decision was made at a government meeting on Wednesday. "The operation of food markets during a pandemic should be rned…
Kyivstar connects 496 more settlements to 4G communication network
The Kyivstar mobile communications operator has connected another 496 Ukrainian settlements to the 4G communications network, increasing 4G coverage in 11 regions of Ukraine, the company said on Thursday. The operator, in particular, connected the villages of Chernelivka, Novoselytsia, Narkevychi…
Ukraine and Hungary launch virtual gas reverse from May 1
The operators of the gas transmission systems of Ukraine and Hungary on May 1 will launch virtual gas reverse by combining two physical points of gas transmission at the countries' borders into one virtual one, head of Gas Transmission System…
Fitch revises outlooks on seven Ukrainian banks to stable on sovereign rating action, negative on FUIB
Fitch Ratings has revised the outlooks on seven Ukrainian banks to stable from positive and affirmed their Long-Term Issuer Default Ratings (IDRs), the agency said on its website. "The affected banks are: Oschadbank, Ukreximbank, PrivatBank, Ukrgasbank, Credit Agricole Bank, ProCredit…
IMF warns of possible problems in case of legislative encroachment on NABU independence
The head of the mission of the International Monetary Fund (IMF) in Ukraine, Ron van Rooden, has warned the Office of the President of Ukraine that possible changes to the legislation on the National Anti-corruption Bureau of Ukraine (NABU) would…
Business Lockdown: Lawyer Khachaturyan’s first goal is to ‘protect clients, employees’
Armen Khachaturyan, a senior partner at law firm Asters, poses for a photo. Editor’s Note: Ukraine’s businesses are struggling after the country introduced nationwide restrictions on movement and travel starting on March 12. The restrictions have been strengthened since then…
Business Update: April 29 – IMF warns that Ukraine government must protect NABU independence
Artem Sytnyk, head of the National Anti-Corruption Bureau of Ukraine (NABU), and Nazar Kholodnytsky, the chief anti-corruption prosecutor (L) attend a parliament meeting on April 4 in Kyiv. The International Monetary Fund (IMF) has told the government it is concerned…
Ukraine appoints controversial new tax service chief
Ukraine’s Cabinet of Ministers has appointed Oleksiy Lyubchenko as the head of the StateTax Service on April 29, 2020