Ryanair, the largest European low cost air carrier, is considering the possibility of establishing a company in Ukraine to create IT products, Yulia Kovaliv, the head of the National Investment Council’s office, said on the air of Radio NV. “One of the ideas we discussed with the Ryanair leadership is to establish an internal company in Ukraine, which develops all IT products for the low cost carrier,” she said. Kovaliv also noted that in the near future the company plans to start domestic flights in Ukraine.
“If we are talking about the launch of domestic flights by the carrier in the country, then, again, the level of airport charges is important, but all companies understand that the cheaper the ticket is, the faster the airline will become competitive,” she said.
As reported, Ryanair began flights to Ukraine on the route Berlin-Kyiv-Berlin from September 3. Ryanair offers flights from Kyiv to six cities in Poland, one destination in Germany, Spain, Lithuania, Slovakia, the UK and Sweden, as well as two destinations from Lviv to Germany and Poland, one to the UK. Ryanair (Ireland) is the largest low cost airline in Europe.
The first General Electric Trident (Tryzub) locomotive has arrived in Chornomorsk (Odesa region), the press service of PJSC Ukrzaliznytsia has said. “We welcome the Trident locomotive in Ukraine! The first locomotive of General Electric arrived in the port of Chornomorsk. Now we will load the locomotive on rails,” Ukrzaliznytsia said on Facebook. As reported, in the beginning of August General Electric Transportation sent the first of 30 GE TE33AC locomotives to Ukraine.
The framework agreement between Ukrzaliznytsia and GE envisages a 15-year partnership in updating and modernizing traction rolling stock, the first stage of which is the delivery to Ukrzaliznytsia under the terms of leasing of 30 new GE TE33AC diesel locomotives with a localization level of 10%.
GE Transportation and Kriukov Car Building Works in early June signed an agreement on the localization of production of 30 TE33A Evolution series locomotives. It was assumed that Ukrzaliznytsia will receive the first locomotives in late 2018.
The National Bank of Ukraine (NBU) intends to impose restrictions on certain types of bank operations in case if the bank’s risk management system is recognized as ineffective. The document comes into force on September 11, 2018. The regulator may also require the bank to suspend or terminate certain types of transactions.
The final decision will be made based on the evaluation of the viability of the bank’s business model, analysis of the provided actual and forecast balance sheet data, profit and loss statements, transactions with related parties, and regulatory capital components.
Consumer prices in Ukraine, after the decrease by 0.7% in July, in August remained unchanged, while since the beginning of the year their growth was 3.6%, the State Statistics Service of Ukraine has reported. According to the agency, in annual terms (August 2018 from August 2017) inflation slightly grew, to 9% compared to 8.9% in July, which, however, is below 9.9% in June and 11.7% in May.
Underlying inflation in August 2018 amounted to 0.1% after minus 0.1% in July, while in the eight months it reached 3.5%.
In annual terms, the rise in the basic index slowed to 8.7% from 8.8% in July and 9% in June.
As reported, inflation in Ukraine in 2017 accelerated to 13.7% compared with 12.4% in 2016, which, however, is significantly lower than in the past years, in particular 43.3% in 2015 and 24.9% in 2014.
The National Bank at the end of October 2017 downgraded the forecast for inflation in 2018 from 6% to 7.3%, in January 2018 to 8.9%, while the Cabinet of Ministers from 7% to 9%.
One troy ounce=31.10 grams
