Ukraine

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13:32 PM Monday, November 20, 2017
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UBJ AM July 25, 2017
Shares to be sold in 8 oblast energy cos; decentralization boosts local budgets by one third; PM backs public-private fund for startups
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

• $77.5 million worth of state assets have been sold through the ProZorro sales system, the online government marketplace.

• Auctions are to be held for stakes in eight regional state-owned energy companies: Odessaoblenergo, Donetskoblenergo, Donbassenergo, Sumoblenergo, Dniproenergo, Dniproblenergo, Zapadenergo and Kyivenergo.

• Prime Minister Volodymyr Groysman announced yesterday that local government budgets in Ukraine grew by an average of 33 percent during the first half of 2017, as compared to the same period last year, Ukrinform reports.

• LycaMobile, one of the world's largest virtual telecom operators, began operations in Ukraine yesterday and will begin selling SIM cards within a week, according to Interfax.

• Prime Minister Groysman announced his support for Ukrainian start-ups. After meeting with private sector venture capital leader he said he advocates “the creation of a large fund to support Ukrainian start-ups, which can be financed from the national budget and by large international investors.”

• In the first quarter since nationalization, PrivatBank saw a 3.5 fold increase in its net profit, to $28.8 million, between January and March of this year.

• The National Bank of Ukraine has requested that the Auditing Chamber of Ukraine delist the local unit of PricewaterhouseCoopers, former auditor of PrivatBank. This would strip the global accounting firm of the ability to audit companies in the country, Reuters reports.

• Ukraine is seeing a three-fold increase in tourists from Belarus, compared to last year. Coincidentally, the number of Belarusians visiting Russia has nearly halved.


For comments or story tips, please email UBJ AM News Reporter Mark Satter at marksatter@theubj.com

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