Ukraine is going to fulfill another requirement of the International Monetary Fund to enhance the banking system. In particular, Ukraine is obliged to take measures on legislative improvement of banking regulation and supervision, and also improvement of the system of information reveal about end owners of the banks. In the frames of the memo, the National Bank is obliged to increase the level of its openness with preliminary announcement of board meetings for issues linked to interest policy. The memo also envisions that Ukraine refuses to create a rehabilitation bank in favour of so-called bridge-bank or transitional bank. |
In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more
The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more
The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more