Ukrsotsbank sold to UniCredit Group of Italy

UniCredit Group, the Italian banking giant, completed its 1.5 billion euro acquisition of a 94.2 percent stake in Ukrsotsbank from Ukrainian billionaire Victor Pinchuk on Jan. 23. The price paid was a record amount for a Ukrainian bank. The deal is also the most recent in a wave of acquisitions in which European banking groups [...]

High demand igniting suburban real estate surge

In recent years, Ukrainians seeking to live in the nation??™s capital have turned to less expensive options in the suburbs as urban real estate prices skyrocketed to $5,000 per square meter and higher. Demand remains high, but the rush for affordable suburban land by average citizens and speculators alike is pushing prices for suburban lots [...]

Foreign bankers enhance Ukraine’s financial market

Through a series of merger and acquisition deals launched in 2005, European banking groups bought some of Ukraine??™s most prized banks for top dollar Through a series of merger and acquisition (M&A) deals launched in 2005, European banking groups bought some of Ukraine??™s most prized banks for top dollar.

Investment opportunies in Ukraine

The post-Soviet asset base of Ukraine has given it a solid foundation for stable economic development. Even when the Russian financial default erupted in 1998, Ukraine’s economy suffered less and has been growing steadily ever since. Commercial rent rates in Ukrainian capital, Kiev (Ukr. – Kyiv), are remaining lower than those in Moscow but growing [...]

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