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- Moodys raises oultook for Ukraine's financial sector
The ratings agency said that Ukraine's credit portfolio may grow by 10% in 2011 and by another 15 to 20% in 2012. The agency said that although the level of bad debt and loans that have been restructured remains at 40% the number is not likely to increase. As a results bank reserves will be able to grow and this will lead to an increase in lending.Переслать - Farming in Africa
The governor of the province of Katanga, in the Democratic Republic of Congo has offered 14 million hectares to international investors and agricultural producers for agricultural production. The land is for free and those who come to farm will be given tax breaks.Переслать - UBS net profit down 18% in Q1
Swiss banking giant UBS said Tuesday that its net profit fell 18 per cent to 1.8 billion francs (1.4 billion euros, $2.0 billion) in the first quarter, hurt by a tax charge and higher personnel costs.Переслать - French giant announces huge bid for Parmalat
French dairy giant Lactalis on Tuesday launched a controversial takeover bid worth around 3.4 billion euros ($4.9 billion) for Italy's Parmalat in which it already holds 29 percent.Переслать - Share of foreign capital in banking system 41.5%
By the beginning of April, the share of foreign capital in the Ukrainian banking system reached 41.5%, as reported by the National Bank on its website.Переслать - Banker says investment in alternative energy may rise significantly
Investment in projects related to the development of alternative energy, influenced by the world's natural and manmade disasters, can have a worldwide trend towards a significant increase in 2011-2012, Bank of Cyprus Chairman of the Board Vladyslav Bayrak has said.Переслать - NBU: Currency swaps will be introduced on financial market in nearest future
In the nearest time, currency swaps will be introduced (combination of two counter conversion transactions at the same amount with different payment dates), First Deputy Chairman of the National Bank Yuriy Kolobov told a round table.Переслать
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