Business news from Ukraine

Business news from Ukraine

DYNAMICS OF BALANCE OF PAYMENTS OF UKRAINE (USD MLN)

Dynamics of balance of payments of Ukraine (USD mln).

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UKRAINE ORDERS THREE AN-178 AIRCRAFT FOR ARMY FROM SOE ANTONOV

The Ministry of Defense of Ukraine and state-owned enterprise (SOE) Antonov signed a memorandum of cooperation in the construction of aircraft for the needs of the Armed Forces of Ukraine.
The memorandum was signed with the participation of President of Ukraine Volodymyr Zelensky, the press service of the head of state said.
At the first stage, this is about three new military transport aircraft An-178, which will receive the Armed Forces of Ukraine. They can be used for the delivery of personnel, weapons and light military equipment by landing and parachute methods, as well as for the transportation of goods.
“These new aircraft will be constructed by Ukrainian citizens, from Ukrainian components, for Ukrainian interests. Actually, the way it should be,” Zelensky said before the document signing ceremony, which took place at SOE Antonov.

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KPMG ANNOUNCES REDUCTION IN REVENUE IN UKRAINE IN 2020 FY TO UAH 552 MLN

KPMG has announced a reduction in revenues in Ukraine in the 2020 financial year to UAH 552 million compared to UAH 561 million in 2019.
“For a year of economic and social turbulence, KPMG International announced the total annual income of KPMG firms in the amount of $ 29.22 billion for the fiscal year that ended on September 30, 2020 against $ 29.75 billion in 2019. In Ukraine, KPMG’s revenues for the 2020 fiscal year were UAH 552 million against UAH 561 million in 2019,” the company said in a release on its website.
“This applies to the business of our clients, as well as all our services in the field of audit and activities in the field of taxation and consulting. We introduce innovations and work closely with our strategic alliances to help clients transform their business into a digital format,” the press service said citing Andriy Tsymbal, the managing partner of KPMG in Ukraine.

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Capital Times owners decide to split their business

The owners of the Capital Times investment company with offices in Ukraine and Belarus, Sergey Goncharevich and Eric Nayman, divided their business into B2B and B2C, keeping the Capital Times brand for Goncharevich’s B2B, Nayman said.

“My longtime partner Sergey Goncharevich and I decided to split Capital Times into two parts. (…) The combination of two completely different business models under one Capital Times brand no longer made economic sense. The Capital Times brand remained with my previous partner Sergey Goncharevich,” he wrote in his YouTube address.

Nayman indicated that he would be engaged in wealth management and B2C in general under the Hugs brand.

According to him, Goncharevich, in turn, will continue to work in the direction of B2B and in the field of corporate finance, he will help companies in finding financial resources, and owners – to buy or sell a business.

Capital Times was founded in 2006 and specializes in investment consulting and wealth management. The main offices of the company are located in Kyiv and Minsk. The managing partners of the company are Erik Nayman, a member of the Council for Economic Development under the government of Ukraine, and Sergey Goncharevich.

HUG’s company specializes in investment consulting. It has over 300 active accounts with Interactive Brockers, over UAH 400 million under management and conducts over 150 transactions daily.

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INTERNAL AND EXTERNAL DEBT OF UKRAINE IN 2009-2020

Internal and external debt of Ukraine in 2009-2020.
SSC of Ukraine

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TOP 20 COUNTRIES UKRAINE HAS POSTED THE HIGHEST SURPLUS OF TRADE IN GOODS IN JAN- SEPT OF 2020 (THSD USD)

Top 20 countries Ukraine has posted the highest surplus of trade in goods in Jan-Sept of 2020 (thsd USD).

SSC of Ukraine

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