Ukraine’s Supreme Court has frozen a lower court decision that would have forced state-owned PrivatBank to pay $350 million to Ihor and Hryhoriy Surkis Ukraine’s Supreme Court has frozen a lower court decision that would have forced state-owned PrivatBank to pay $350 million to Ihor and Hryhoriy Surkis, two brothers seen as ‘related parties’ to the o... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
Concorde Capital’s Concorde Capital’s Alexander Paraschiy writes: “A solid reaction from the government to an apparently ill-grounded court ruling that costs about UAH 10 billion [$360 million] to the state bank is a go... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
China’s Skyrizon, and Kharkiv’s DCH Group will submit an updated application China’s Skyrizon, and Kharkiv’s DCH Group will submit an updated application to the Antimonopoly Committee of Ukraine for the purchase of Motor Sich, the Zaporizhia-based aircraft engine maker, Interf... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
Concorde Capital’s Alexander Paraschiy writes Concorde Capital’s Alexander Paraschiy writes: “The stakes are rising for Ukraine in the Motor Sich story. If this case shifts to a geopolitical battle between China and the U.S., Ukraine will have to... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
Kyiv registered a record 310 new coronavirus infections yesterday, Kyiv registered a record 310 new coronavirus infections yesterday, announced Mayor Klitschko. To publicize the problem, he was later filmed visiting a Covid treatment hospital in the capital. Of the 3... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
European airlines are testing the waters with announcements of expanded schedules to Ukraine. European airlines are testing the waters with announcements of expanded schedules to Ukraine. Starting Oct. 25, Air France will fly between Paris Charles de Gaulle and Kyiv Boryspil three times a week... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
Signs indicate that Ukraine’s economy is climbing out of the corona-recession: Signs indicate that Ukraine’s economy is climbing out of the corona-recession: #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
Rail freight volumes were up 10.3% last month over the level of August 2019 Rail freight volumes were up 10.3% last month over the level of August 2019. Ukrzaliznytsia moved 28.3 million tons of cargo last month, reports RAIL.insider, drawing on statistics from the portal Dat... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
Electricity consumption in August 2020 returned last year’s level Electricity consumption in August 2020 returned last year’s level, reports Ukrenergo, the state-owned power grid operator. Compared to August 2019, household power consumption was up last month ... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
Deflation, a sign of collapsed consumer demand, fell to -0.2% in August Deflation, a sign of collapsed consumer demand, fell to -0.2% in August, the State Statistics service reported yesterday. In annual terms, inflation in August 2020 was 2.5%. With buying power returnin... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
The ICU investment group has improved its forecast for Ukraine’s GDP this year, lowering its estimate of the fall to minus 5.7% The ICU investment group has improved its forecast for Ukraine’s GDP this year, lowering its estimate of the fall to minus 5.7%, from its earlier forecast of minus 6.7%. This year’s drop will be... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
Iron ore exports were up 13% through August, Iron ore exports were up 13% through August, compared to the tonnage for the first eight months of last year, reports the State Customs Service. Companies exported 31 million tons, earning $2.5 billio... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
By the end of this year, the government plans to privatize: Kyiv’s President Hotel, the Odessa Port Plant, the Electrotyazhmash plant, the Krasnolimanskaya Coal company and the United Mining and Chemical Company. By the end of this year, the government plans to privatize: Kyiv’s President Hotel, the Odessa Port Plant, the Electrotyazhmash plant, the Krasnolimanskaya Coal company and the United Mining and Chemi... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
Capital investment in Ukraine’s economy shrank by 35% in the first half of the year Capital investment in Ukraine’s economy shrank by 35% in the first half of the year, compared to January-June 2019, according to the State Statistics Service. The new level of investment was $5.9 bill... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
Justifying Ukraine’s recent stealth re-purchase of 10% of its $3.2 billion in GDP-linked warrants Justifying Ukraine’s recent stealth re-purchase of 10% of its $3.2 billion in GDP-linked warrants, Finance Minister Sergiy Marchenko confirmed that the 2015 warrants are a financial time bomb that cou... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine
Timothy Ash writes from London: Timothy Ash writes from London: “[I am] not sure it’s a great idea to go out saying payments on these instruments could be $22 billion through 2040. That’s just going to bid up their price and increas... #brookeukraine #brookukrainelatestnews #business #businessnews surkisbrothers surkiscase surkisandprivatbank economicrecovery covid19ukraine