Ukraine

Business

Journal

1:31 AM Saturday, September 23, 2017
Free Articles
UBJ AM June 28, 2017
Mark Satter
Engineers work on holiday to repair cyber damage; Billa wants to sell six stores; apartment prices fall
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

• Ukrainian IT engineers are working Wednesday, the Constitution Day holiday, to repair damage from the cyber offensive that hit banks, metro systems, post offices, government offices, and airports. Deemed the worst cyber attack yet on Ukraine, the ransomware attacks also hit Asia, Europe, and the United States.

• Ukrainian supermarket chain Billa wants to sell nine of its stores in six cities, Finance.ua reports. There are stores for sale in Dnipro, Kremenchug, Nikopol, Kramatorsk, Odesa and Kherson.

• Ukraine is one of few countries where housing costs are falling. Apartment prices in Ukraine fell by 4.9% in 2016, and an additional 1.9% in the first half of 2017, according to Ukrinform.

• Oleksandr Shlapak, Chairman of the Board of PrivatBank, Ukraine’s largest bank, has formally resigned. He served as ‘emergency’ chairman for six months following the nationalization of the bank in December 2016.

• A bid to sell 50% of fuel supplier PrJSC Ukrnaftoproduct’s shares failed due to lack of interest, Interfax reports. The Ukrainian government is the company’s largest shareholder.

• Ukraine’s government has announced plans to reform the country’s tax body, the State Fiscal Service, in a bid to improve the country’s business conditions, XinhuaNet reports. Prime Minister Volodymyr Groysman said the “SFS would turn into a government institution, which supports and defends the entrepreneurs instead of creating obstacles for doing business.”

• Ukraine’s production of crude sunflower oil has increased by 33% between January-May, compared to the same period last year, The Financial reports.

• With Ukraine’s harvests growing and farming drawing foreign investment, the British Ukrainian Chamber of Commerce will host Peter Thompson, a former executive of Ukrainian Agrarian Investments, on Thursday, June 29 at 18:30 the Khmilnyi Knyaz in Kyiv. The presentation will focus on running a large farming business in Ukraine.


For news tips, please email UBJ AM reporter, Mark Satter at marksatter@theubj.com

All Comments (0)
No Comments
We recommend
​Poroshenko meets Trump, claims US support for eco...
James Brooke Sep 22, 2017
​Radisson, Marriott and Accor to open new hotels i...
James Brooke Sep 21, 2017
​Ukraine plans to place $3 billion in Eurobonds in...
James Brooke Sep 20, 2017
--> --> -->