Business news from Ukraine

Business news from Ukraine

«IN THE ANIMAL WORLD» IN KYIVAN RUS

On April, 6 and 7 the «Kyivan Rus Park» invites the guests together with their pets to an amazing entertaining program «In the animal world». There will be a bright program with the horse-trick performances, spectacular stagings on the ancient Slavic theme, live vocal, merry active games, round dancing, horse riding, master-classes and much more from the life of a medieval city.
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 170 UAH, for pensioners and students – 150 UAH, for schoolchildren – 60 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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UKRAINIAN BANKS HAVE ENOUGH ASSETS FOR CAPITAL CONSERVATION BUFFER

All solvent banks have enough assets to meet the requirements to generate the capital conservation buffer of 0.625% until 1 January 2020, reads a posting on the website of the National Bank of Ukraine (NBU). “The same instruments are used for raising both the buffer and common equity. This means that, considering the requirements to raising the buffer, the common equity adequacy ratio (N3) as of the beginning of 2020 should account for at least 7.625%. According to the data as of March 1, 2019 all solvent banks have adequate capital to ensure compliance with the requirements to raising the capital conservation buffer of 0.625%,” reads the statement.
Onwards, the capital buffer will gradually increase each year until it reaches 2.5% as of January 1, 2023.
According to the NBU, such buffer will ensure that banks have raised a capital surplus during a non-crisis period above the minimum required to absorb any possible losses, which may occur in times of overall economic downturn, without breaching the capital adequacy ratio in the future. This instrument will contribute to the targets of the NBU strategy for financial stability by enhancing banks’ loss absorbing capacity.
As reported, introduction of capital buffers was approved by NBU Board Resolution No. 312 on the Approval of Amendments to the Instruction on the Procedure for Regulation of Bank Activities in Ukraine dated May 12, 2015.

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