: :inin Kyiv (EET)

Section: Economy

    Gazprom says Poland`s PGNiG files monopoly complaint to EU – media
    Apr27

    Gazprom says Poland`s PGNiG files monopoly complaint to EU – media

    Polish gas company PGNiG has filed a complaint to the European Commission alleging monopoly breaches by Gazprom, the Russian gas giant said on Thursday, according to Reuters. Gazprom said in its financial report for 2016 the Polish company filed the complaint on March 14, citing Gazprom`s ”unjust” pricing policy towards PGNiG and hindering of...

    Ukraine`s National Bank may lose some $82 mln due to lawsuits
    Apr27

    Ukraine`s National Bank may lose some $82 mln due to lawsuits

    The National Bank of Ukraine (NBU) could sustain UAH 2.2 billion, or US$ 82.3 million, in losses because of lawsuits filed against the regulator, according to the NBU`s consolidated financial statements for 2016. Meanwhile, the regulator notes that the likelihood of such losses is low. ”There is a probability of possible loss on some claims...

    Naftogaz to cut gas prices for industry from May 1
    Apr26

    Naftogaz to cut gas prices for industry from May 1

    National oil and gas holding Naftogaz of Ukraine from May 1, 2017, will lower by 2.8% the minimum price of natural gas sold to industrial consumers from UAH 7,675 per 1,000 cubic meters in April 2017 to UAH 7,456.8 per 1,000 cubic meters, the company said in a statement. At the same time, the maximum price of natural gas for industrial consumers...

    Ukraine boosts grain exports by 52 pct in March – Reuters
    Apr26

    Ukraine boosts grain exports by 52 pct in March – Reuters

    Ukraine boosted its grain exports to 4.54 million tonnes in March up 52 percent from 2.98 million tonnes in February thanks to record sales of maize, analyst UkrAgroConsult said on Wednesday, according to Reuters. The maize shipments jumped to 3.1 million tonnes in March, the highest so far for the 2016/2017 marketing year that runs from July to...

    Ukraine offers China Railways to invest in subway, bridge and high-speed rail link
    Apr26

    Ukraine offers China Railways to invest in subway, bridge and high-speed rail link

    The Ukrainian government on Tuesday offered China Railway International Group (CRIG) a number of infrastructure investment opportunities, including the fourth line of the Kyiv Metro and the construction of a bridge, the Ministry of Economic Development and Trade wrote on Twitter, Global Construction Review reports. The ministry published two...

    Polish gas worth $48.8 mln to be supplied to Ukraine by private company
    Apr26

    Polish gas worth $48.8 mln to be supplied to Ukraine by private company

    Private energy company Eru Trading, a subsidiary of Energy Resources of Ukraine, together with the Polish oil and gas company PGNiG in 2017 will supply 218 million cubic meters of gas worth UAH 1.3 billion, or US$48.8 million, for the needs of the state-owned operator of Ukraine`s gas transportation system Ukrtransgaz, according to the PGNiG...

    So-called Yalta Forum unlikely to bring investment to sanctioned Crimea – European Commission
    Apr25

    So-called Yalta Forum unlikely to bring investment to sanctioned Crimea – European Commission

    Unlawful ”international” events, like a recent economic forum in Yalta in Russia-occupied Crimea, which took place on April 20-22, will not bring foreign investment to the peninsula as it is under sanctions, according to a representative of the European Commission. ”The EU does not recognize the illegal annexation of Crimea and Sevastopol by the...

    Turkey resumes imports of Ukrainian wheat – media
    Apr25

    Turkey resumes imports of Ukrainian wheat – media

    In view of the heightened tension between Russia and Turkey, Ukraine`s shipments to the Turkish market became more active in March, according to BlackSeaGrain. A total of 46,000 metric tonnes of wheat was supplied to Turkey that month – the largest volume since the season`s beginning (a total 73,400 metric tonnes in MY 2016/17). As a reminder,...

    Kyiv`s Diamantbank declared insolvent
    Apr25

    Kyiv`s Diamantbank declared insolvent

    Ukraine`s Deposit Guarantee Fund has introduced interim administration at Kyiv-based Diamantbank after the National Bank of Ukraine (NBU) declared the bank insolvent. The administration headed by Tetiana Startseva will work for a month until May 23 inclusively, the Fund said on its website. Introducing the interim administration is the first...

    Gazprom`s western partners agree Nord Stream 2 gas pipeline financing – Reuters
    Apr24

    Gazprom`s western partners agree Nord Stream 2 gas pipeline financing – Reuters

    Western partners of Russian gas giant Gazprom agreed on Monday on financing the 9.5-billion euro Nord Stream 2 pipeline, removing a key hurdle for the Russian plan to pump more gas to Europe, according to Reuters. At a signing ceremony in Paris, Uniper, Wintershall, Shell, OMV and Engie agreed to each loan 10 percent of the cost of the venture,...

    Pin It on Pinterest