Business news from Ukraine

ЕRNST & YOUNG, DELOITTE TO IMPROVE FINANCIAL STATE OF KYIV METROPOLITEN, KYIVPASTRANS

14 April , 2016  

KYIV. April 14 (Interfax-Ukraine) – Leading audit companies Еrnst & Young and Deloitte in partnership with the European Bank for Reconstruction and Development (EBRD) will help to improve the financial and operational state of municipal enterprises Kyiv Metropoliten and Kyivpastrans.

An Interfax-Ukraine correspondent has reported that the memorandum was signed in Kyiv City Administration on Wednesday.

Earlier EBRD Senior Banker Mark Mageletsky said that the project is financed by the EBRD as part of technical assistance for development of transport infrastructure in Kyiv city. The funding totals EUR 400,000 – EUR 200,000 for each enterprise.

Audit companies within one year to conduct a financial, law and operation analysis of the companies, offer concrete steps to improve their state and accompany these processes.