: :inin Kyiv (EET)

Section: Economy

    Oil prices set for biggest weekly drop in a month
    Apr21

    Oil prices set for biggest weekly drop in a month

    Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been dogged by oversupply for more than two years, according to Reuters. Brent crude futures LCOc1 were at $52.99 per barrel at 0323 GMT (11:23 p.m. EDT), flat from their...

    Cold snap threatens future fruit harvest in Ukraine – weather expert
    Apr20

    Cold snap threatens future fruit harvest in Ukraine – weather expert

    Deterioration of weather conditions and frosts to minus 1-4 degrees Celsius at night threaten the future harvest of fruit trees in Ukraine, chief weather forecaster of Opogode.ua Natalia Didenko wrote on Facebook. ”A short sharp cold snap can be dangerous for the delicate blossoms of future fruits. But what about a prolonged cold?” she wrote,...

    No new IMF tranche without pension reform – Ukrainian Finance Minister Danyliuk
    Apr20

    No new IMF tranche without pension reform – Ukrainian Finance Minister Danyliuk

    Ukrainian Finance Minister Oleksandr Danyliuk says that Ukraine will not receive a new disbursement from the International Monetary Fund (IMF) if it does not conduct pension reform. ”There are some key conditions for receiving the next tranche. Pension reform is very important. There will be no disbursement without the pension reform,” he said...

    Ukraine`s Agrarian Ministry raises its forecast for 2016/17 grain exports
    Apr20

    Ukraine`s Agrarian Ministry raises its forecast for 2016/17 grain exports

    The Agrarian Ministry of Ukraine has raised its forecast for the country`s 2016/17 grain exports from 41 million tonnes to 42 million tonnes, according to UkrAgroConsult. The grain export forecast for Ukraine envisages 16.6 million tonnes of wheat exports, 5.6 million tonnes of barley, 19 million tonnes of corn and 1 million tonnes of other...

    National Bank of Ukraine reports tips law enforcers of suspicious transactions by customers of 18 banks in Q1 2017
    Apr20

    National Bank of Ukraine reports tips law enforcers of suspicious transactions by customers of 18 banks in Q1 2017

    In the first quarter of 2017, based on the findings of on-site and off-site supervision inspections, the National Bank of Ukraine reported to the law enforcement authorities about suspicious financial transactions carried out by customers of 18 banks, the NBU press service reports. According to statistical reports on anti-money laundering issues...

    Ukraine exports almost 36 mln tonnes of grain since July 2016
    Apr20

    Ukraine exports almost 36 mln tonnes of grain since July 2016

    Ukrainian agribusinesses have exported 35.79 million tonnes of grain since the beginning of the 2016-2017 marketing year (MY, July 2016 – June 2017), according to the Ukrainian Agrarian Policy and Food Ministry`s press service. In particular, 15.24 million tonnes of wheat, 5.01 million tonnes of barley, 15.33 million tonnes of maize, and 4,300...

    Ukraine`s large, medium-sized businesses post UAH 76 bln profit in 2016 against loss in 2015
    Apr20

    Ukraine`s large, medium-sized businesses post UAH 76 bln profit in 2016 against loss in 2015

    Ukrainian large and medium-sized enterprises, excluding banks, received UAH 75.651 billion, or US$2.8 billion, in profit before tax in 2016 against UAH 236.566 billion, or $8.8 billion, in loss in 2015, according to the Ukrainian State Statistics Service`s tentative data. The financial result of Ukraine`s profitable enterprises grew by 12.6%, to...

    National Bank of Ukraine gets documents from buyer of Russian Sberbank`s Ukraine subsidiary
    Apr19

    National Bank of Ukraine gets documents from buyer of Russian Sberbank`s Ukraine subsidiary

    The National Bank of Ukraine (NBU) has received a package of documents from an investor, a citizen of the United Kingdom and the Russian Federation, Grigory Guselnikov, for the approval of the acquisition of a 22.5% stake in Russian Sberbank`s Ukrainian-based subsidiary, according to the NBU`s press service. The documents are currently being...

    NBU refutes allegations of involvement in money pumping via Austrian banks
    Apr19

    NBU refutes allegations of involvement in money pumping via Austrian banks

    The National Bank of Ukraine has denied accusations of involvement in the withdrawal refinancing funds through Austrian banks specializing in similar services for clients from CIS states, as reported on the NBU website. The report says correspondent accounts in these Austrian banks were used to artificially inflate the banks` capital and withdraw...

    Ukraine greatly boosts sunflower oil exports
    Apr19

    Ukraine greatly boosts sunflower oil exports

    Large- and medium-sized Ukrainian enterprises exported 683,470 tonnes of sunflower oil in March 2017, which was 54.7% up from February 2017 and 59.2% up year-over-year (y-o-y), according to the association of vegetable oil and animal fat producing enterprises Ukroliyaprom. Exports of Ukrainian sunflower oil in monetary terms were estimated at...

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