Business news from Ukraine

SWISS COMPANY PROVIDES KHARKIV WITH TRAM

Stadler (Switzerland) has provided Kharkiv with a modern three-section tram for operational tests, the press service of Kharkiv City Council reports with reference to Dmytro Lipovoy, the director of municipal enterprise Trolleybus Depot No. 2.
“The car is equipped with all the necessary systems for the movement and comfortable transportation of passengers. But first, we must conduct operational tests, that is, to familiarize the technical staff with the design features of the car, to understand how these trams are suitable for our tram tracks, how we can serve this equipment from the point of view of the capabilities of our depots,” he said.
He did not rule out that, based on the results of the tests, the issue of purchasing such trams will be considered.
“In fact, this is the first step in our cooperation, and what it will result in – we’ll see. Perhaps the issue of purchasing such cars will be considered,” Lipovoy said.
As reported, earlier in July the secretary of Kharkiv City Council, Ihor Terekhov, announced the need to update the tram fleet within 3-4 years.

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NATIONAL BANK PERMITS SWISS COMPANY TO BUY 51% IN BANK LVIV

The National Bank of Ukraine (NBU) has approved the acquisition of 51% of shares in public joint-stock company Bank Lviv by Switzerland’s responsAbility Participations AG, the asset management company. The NBU said on its website that the decision was made on June 23.
Bank Lviv earlier reported that the package of documents to approve the acquisition by the new strategic investor was submitted on September 12, 2017.
Bank Lviv was registered in 1991. Its ultimate beneficiary holding over 99.9% of shares was citizen of Iceland Margeir Petursson.
The bank ranked 44th among 84 operating banks in terms of assets as of January 1, 2018 (UAH 1.938 billion), according to the NBU.
According to a posting on the website of responsAbility Participations, 60% of its shares belong to Swiss financial institutions, including Baumann&Cie, Raiffeisen Switzerland, Swiss Re Foundation, Vontobel Beteiligungen, 21% – to private investors and 19% – to managers and employees.
The core business of responsAbility Participations is investment in developing markets.

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