: :inin Kyiv (EET)

Section: Economy

    Ukraine spends UAH 96 bln on debt servicing in 2016
    Feb21

    Ukraine spends UAH 96 bln on debt servicing in 2016

    The costs of servicing Ukraine`s public debt in 2016 amounted to UAH 95.8 billion, which is UAH 11.3 billion, or 13.4% more than in 2015 (UAH 84.5 billion), the State Treasury data at UNIAN news agency`s disposal say. According to the report, the costs of servicing domestic public debt amounted to UAH 62.6 billion and those of servicing the...

    Oil prices flatline as U.S. drilling counters OPEC output cuts
    Feb20

    Oil prices flatline as U.S. drilling counters OPEC output cuts

    Oil prices held steady on Monday as investors gauged whether an increase in U.S. drilling rigs and record stockpiles would undermine efforts by producers to cut output and bring the market into balance, according to Reuters. Brent futures LCOc1 were down 5 cents at $55.75 a barrel at 0245 GMT, while U.S. West Texas Intermediate crude CLc1 was...

    IMF offers Ukraine 3-year freeze of minimal wage – Ukrainian Social Policy Minister
    Feb17

    IMF offers Ukraine 3-year freeze of minimal wage – Ukrainian Social Policy Minister

    Ukrainian Social Policy Minister Andriy Reva said that the International Monetary Fund (IMF) offered Ukraine to refrain from raising the minimum wage within the next three years. ”If we raise the minimum pension by 10% this year, we should increase the minimum wage for at least 15%. What can we see in the draft Memorandum [with the IMF]? [We have...

    Ukraine wants to go cashless but the black market rules – Bloomberg
    Feb16

    Ukraine wants to go cashless but the black market rules – Bloomberg

    The timing was far from ideal, according to Bloomberg. Shortly after Ukraine slapped curbs on cash transactions to help rein in the grey economy, the head of the nation`s tax service told reporters he won`t entrust his savings to banks, Volodymyr Verbyany wrote in the article titled ”Ukraine Wants to Go Cashless But the Black Market Rules,”...

    Ukrainian Government not to raise retirement age – Deputy Prime Minister of Ukraine
    Feb16

    Ukrainian Government not to raise retirement age – Deputy Prime Minister of Ukraine

    Deputy Prime Minister of Ukraine Pavlo Rozenko says the question of raising the retirement age in Ukraine has been withdrawn from the agenda of the government and the IMF, Espreso.TV reports. ”The government has withdrawn the retirement age issue for now, clearly stating its position. It will not make any proposals to increase the retirement age...

    India top buyer of Ukrainian wheat this season
    Feb16

    India top buyer of Ukrainian wheat this season

    Ukraine`s January wheat exports fell by around 14% to 1.2 million tonnes and most of it went to India, UkrAgroConsult reported on Wednesday. India, a major importer of Ukrainian wheat this season, consumed 780,000 tonnes or 64% of Ukraine`s wheat exports last month, according to UkrAgroConsult. ”Taking into account wheat cargoes intended for...

    The U.S. Treasury Department eases sanctions against Russia
    Feb03

    The U.S. Treasury Department eases sanctions against Russia

    The USA Treasury Department announces the easing of sanctions on Russia and allowed the U.S companies to interact the Federal Security Service of the Russian Federation (FSB) The U.S. Treasury Department published Cyber-related General License (GL) 1 and said that sanctions were adjusted to gain approval to import information technology products...

    Hungarian government promises Putin to lift sanctions on Russia and hopes Trump won’t provide pressure
    Feb02

    Hungarian government promises Putin to lift sanctions on Russia and hopes Trump won’t provide pressure

    On February 2, 2017, the President of the Russian Federation Vladimir Putin has come with the official visit to Hungary and met with Hungarian Prime Minister Viktor Orban. This is the second Putin’s official visit to Budapest in two years since the introduction of sanctions against the Russia Federation because of its illegal annexation of Crimea...

    EU three-year anti-corruption program to be launched in Ukraine on February
    Jan30

    EU three-year anti-corruption program to be launched in Ukraine on February

    Foreign Minister of Denmark Anders Samuelsen announces that Denmark will begin implementing the anti-corruption scheme of the European Union (EU) in Ukraine from February 1, 2017. Denmark as the Europe’s least corrupt country will officially head the EU anti-corruption program in Ukraine. “As Europe’s least corrupt country, we come to...

    The President of PACE calls for the lifting sanctions against Russia
    Jan24

    The President of PACE calls for the lifting sanctions against Russia

    President of the Parliamentary Assembly of the Council of Europe (PACE), Pedro Agramunt, stated that all political sanctions against Russia imposed as a result of the illegal annexation of Crimea by the Russian Federation should be lifted and the Assembly should make everything possible to return Russian delegation. During his visit to Moscow...

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