: :inin Kyiv (EET)

Section: Economy

    National Bank of Ukraine simplifies rules for cash currency cross-border movement
    Mar23

    National Bank of Ukraine simplifies rules for cash currency cross-border movement

    The National Bank of Ukraine has simplified the procedure for the movement of foreign currency over EUR 10,000 across Ukraine`s customs border, according to NBU decree No.24, going into effect March 23. Citizens declaring the amount over EUR 10,000 may now provide a wider range of money origin confirmation papers. Besides the receipts on money...

    Ukraine sees record high farm produce exports in January
    Mar23

    Ukraine sees record high farm produce exports in January

    Ukrainian farmers in January 2017 shipped agricultural products to foreign markets to the tune of US$ 1.3 billion, which was 53.7% up year-over-year (y-o-y), and it is record high results in the past four years, according to the Ukrainian Agrarian Policy and Food Ministry`s press service. Exports of farm produce accounted for a record share of...

    National Bank of Ukraine enforces sanctions against Russian banks` subsidiaries
    Mar23

    National Bank of Ukraine enforces sanctions against Russian banks` subsidiaries

    According to the decision of the National Security and Defense Council, the National Bank of Ukraine on March 23 imposes sanctions on subsidiaries of Russian state-owned banks, according to the NBU press service. ”The Board of the National Bank of Ukraine on March 21 approved Decree No. 25, aimed at ensuring the implementation of sanctions...

    National Bank of Ukraine comments on Russia`s restrictions on money transfers to Ukraine
    Mar22

    National Bank of Ukraine comments on Russia`s restrictions on money transfers to Ukraine

    The decision by the Russian Federation to ban money transfers to Ukraine through the international payment systems without opening an account will not affect Ukraine`s banking system, First Deputy Head of the National Bank of Ukraine Yakov Smoliy told UNIAN. ”I do not think it will have an impact on the banking system because the amount is not...

    Stockholm gas dispute: Naftogaz does not rule out bankruptcy in case of loss to Gazprom
    Mar22

    Stockholm gas dispute: Naftogaz does not rule out bankruptcy in case of loss to Gazprom

    Commercial Director of NJSC Naftogaz of Ukraine Yuriy Vitrenko does not rule out bankruptcy in case it loses its dispute with the Russian energy giant Gazprom in the Stockholm Arbitration Chamber, Novoye Vremia magazine reports. ”The state is not liable for the obligations of Naftogaz. Naftogaz will just go bankrupt. Our assets will be auctioned...

    Ukraine`s largest steelmaker ArcelorMittal Kryviy Rih almost doubles profits in 2016
    Mar22

    Ukraine`s largest steelmaker ArcelorMittal Kryviy Rih almost doubles profits in 2016

    Ukraine`s largest steelmaker ArcelorMittal Kryviy Rih posted a net profit of UAH 2.7 billion for 2016, which was nearly twice the net profit of UAH 1.38 billion (US$51.348 million) reported in 2015, the company press center told UNIAN. Net income from the sales of the plant`s products amounted to UAH 52.96 billion, while capital investments stood...

    Ukraine`s Naftogaz cuts gas prices for industry by 10.3% from April 1
    Mar22

    Ukraine`s Naftogaz cuts gas prices for industry by 10.3% from April 1

    Oil & gas giant NJSC Naftogaz of Ukraine from April 1, 2017, will cut the minimum price of natural gas sold to industrial consumers by 10.3%, to UAH 7,675.2 per 1,000 cubic meters from UAH 8,553.6 per 1,000 cubic meters in March 2017, the company said in a statement. At the same time, the maximum prices of natural gas for industrial...

    Russia`s Sberbank looking at quick exit from Ukraine
    Mar22

    Russia`s Sberbank looking at quick exit from Ukraine

    Russia`s biggest bank Sberbank is looking ”very actively” at options for a quick exit from Ukraine, the bank`s Chief Executive German Gref said on Tuesday, March 21, Reuters reported. Gref also told reporters that Sberbank`s loan-loss provisions in Ukraine made up around 70 percent of its potential losses, according to Reuters. Ukraine recently...

    Oil prices fall on bloated U.S. crude storage
    Mar22

    Oil prices fall on bloated U.S. crude storage

    Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output, according to Reuters. Prices for front-month Brent crude futures, the international benchmark for oil, were at $50.79 per barrel at 0451 GMT, down 17 cents, or 0.3 percent, from...

    Ukraine`s spring sowing cost up $3.892 mln in 2017
    Mar22

    Ukraine`s spring sowing cost up $3.892 mln in 2017

    The cost of the spring sowing campaign launched in Ukraine will amount to early UAH 103 billion, or US$3.892 million, which is 14% more than last year, according to the Ukrainian AgriBusiness Club Association (UCAB) press service. This year`s campaign cost will increase due to a 26% rise in the cost of fuel compared with the last year, as well as...

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