: :inin Kyiv (EET)

Section: Economy

    Law enforcers blast fiscal officials for extorting UAH 70 mln for VAT refund
    Feb26

    Law enforcers blast fiscal officials for extorting UAH 70 mln for VAT refund

    The Ukrainian Security Service has launched a raid to expose the State Fiscal Service officials, who extorted UAH 70 million from businesses for non-hindered VAT refunds, the SBU press center reports. The law enforcers found that the employees of the structural units of a big taxpayers office at the SFS had been systemically demanding money from...

    Court of Appeal upholds ruling on Antimonopoly Committee of Ukraine UAH 172 mln fine on Gazprom
    Feb25

    Court of Appeal upholds ruling on Antimonopoly Committee of Ukraine UAH 172 mln fine on Gazprom

    Kyiv Economic Court of Appeal has upheld a lower court ruling over the claim of the Antimonopoly Committee of Ukraine (ACU) to recover from Russia`s Gazprom a UAH 85.9 billion fine, imposed in January 2016, and UAH 85.9 billion in penalties, ACU head Yuriy Terentyev wrote on Facebook. Gazprom was initially fined for violations of Ukraine`s...

    Russia loses WTO appeal over ban on pork imports from EU – media
    Feb25

    Russia loses WTO appeal over ban on pork imports from EU – media

    Russia lost its appeal on Thursday against a World Trade Organization ruling on its ban on imports of European Union pigs and pork products, according to Reuters. Thursday`s ruling means Russia will be expected to bring its rules into line with the WTO`s, Reuters said.  If the EU is not satisfied that it has done so, it could ask to be allowed to...

    Ukraine`s State structures ”lost” UAH 2.6 bln in 2016 – audit
    Feb24

    Ukraine`s State structures ”lost” UAH 2.6 bln in 2016 – audit

    Ukraine`s State Audit Service in 2016 conducted nearly 2,700 financial inspections at more than 2,400 enterprises, institutions and organizations, revealing losses of financial and material resources totaling more than UAH 2.6 billion, as published on the agency`s website. Budgets of all levels, public institutions, organizations, and enterprises...

    Ukrainian barley exports up from last season
    Feb24

    Ukrainian barley exports up from last season

    Ukraine kept exporting barley at a rapid pace in January 2017, as some 161,600 tonnes of barley was shipped abroad that month, or 7.4 times more than exported from Ukraine in January 2016, reports UkrAgroConsult. In total, the country supplied 4.469 million tonnes of barley to foreign markets in the first seven months of the current season, or...

    Ukrainian Parliament intends to simplify procedure of banks` restructuring, capitalization
    Feb24

    Ukrainian Parliament intends to simplify procedure of banks` restructuring, capitalization

    The Verkhovna Rada of Ukraine February 23 adopted in first reading bill No.6010 on simplification of procedures for the banks` capitalization and restructuring, according to an UNIAN news agency news agency correspondent. While presenting the draft law, Head of the Parliamentary committee on finance and banking policy Serhiy Rybalka noted that...

    Traders drain pricey U.S. oil storage as OPEC deal bites
    Feb24

    Traders drain pricey U.S. oil storage as OPEC deal bites

    Traders are turning the spigots to drain the priciest storage tanks holding U.S. crude stockpiles as strengthening markets make it unprofitable to store for future sale and cuts in global production open export opportunities, according to Reuters. That could signal the beginning of the end for a two-year trade play that came about during an...

    IMF notes progress in cooperation with Ukraine, although provides no specific dates of new loan tranche allocation
    Feb24

    IMF notes progress in cooperation with Ukraine, although provides no specific dates of new loan tranche allocation

    Ukraine`s key creditor, the International Monetary Fund, has noted significant progress in its cooperation with Ukraine, as well as in part of Kyiv`s implementation of a reform program, approved in March 2015; however, the Fund`s Executive Board has not yet set a date to consider allocation of a $1 bln tranche for Ukraine, according to the IMF...

    Ukraine exports almost 29 mln tonnes of grain since July 2016
    Feb23

    Ukraine exports almost 29 mln tonnes of grain since July 2016

    Ukrainian farmers have exported 28.65 million tonnes of grain since the start of the 2016-2017 marketing year, or MY, (July 2016 – June 2017), according to the Ukrainian Agrarian Policy and Food Ministry`s press service. In particular, wheat exports totaled 13.3 million tonnes, barley shipments were about 4.6 million tonnes, and those of maize...

    Ukraine needs to return its tankers from Caspian to Black Sea to privatize shipping companies –  Ukraine`s State Property Fund
    Feb23

    Ukraine needs to return its tankers from Caspian to Black Sea to privatize shipping companies – Ukraine`s State Property Fund

    State-owned Black Sea Shipping Company (BSSC) and Ukrtanker are not subject to privatization, head of Odesa branch of Ukraine`s State Property Fund (SPF) Oleksiy Kosmin said at an Odesa press conference February 22, according to an UNIAN news agency news agency correspondent. ”The government has decided to search for additional assets of the...

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