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9:17 AM Wednesday, November 22, 2017
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UBJ AM News: Feb. 27, 2017
An anti-raiding law is making an impact, the Odesa portside plant offer drew some interest, and the country's top mobile operator makes a proposal regarding 4G.
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

Since a new law against corporate raiding took effect in early October, the number of raiding complaints has dropped tenfold, a Justice Ministry official said on the television program Persha Shpalta. The law has also been effective in ensuring the security of business ownership registries.

The State Property Fund has received proposals for bringing the Odesa portside chemical plant back online, according to Interfax Ukraine. The report did not say how many offers the agency received. The head of the fund said review of the proposals will begin next week.

Capital investment in Ukraine rose 18 percent in 2016, after falling the year before, the State Statistics Service reported.

Wireless carrier Kyivstar made the country’s telecom regulator an offer to distribute some of its spectrum in the 1,800 MHz range to Vodafone Ukraine and Lifecell for introduction of 4G communications, Interfax Ukraine reported. According to the proposal, Kyivstar would have 51 percent of the spectrum, Vodafone would have 32 percent and Lifecell would have 17 percent.

The central bank simplified rules for Ukrainians’ foreign transactions, according to Unian. They will no longer have to get a license from the National Bank for depositing foreign currency into Ukrainian bank accounts. Also, people can now make investments abroad using money that originated overseas.

Vodka production in Ukraine has taken a heavy beating in recent months, Unian reported. In January, vodka made up only about 45 percent of Ukraine’s overall alcoholic beverage portfolio. Year-on-year output in January was down 18 percent, which came on the heels of a 19 percent decline the previous month.

Ukraine and Hungary entered into discussions about improving the infrastructure of the border area between them, Ukrinform reported. The talks included prospects for cooperation in rail transportation and aviation.

Ukraine exported 7.4 times more barley in January than it did in the same month the previous year, according to trade group UkrAgroConsult.

Motor Sich’s net profit in 2016 was down 36 percent from 2015, Interfax Ukraine reported. The company announced a shakeup of its board of directors following the disappointing results. One of the world’s largest manufacturers of aircraft engines and industrial gas turbines, Motor Sich does business in more than 100 countries.

Iran plans to introduce regular air service to Odesa and Kherson, adding to the Kyiv-Tehran route already established, Ukrinform reported.

The 195 tons of garlic that Ukraine exported last year was a six-year high, Novoe Vremya reported.

For comments and news tips, please email UBJ AM editor David Edwards at david.edwards@theubj.com.

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