: :inin Kyiv (EET)

Section: Economy

    Naftogaz signs memo on possible cooperation with two European gas transport system operators
    Apr11

    Naftogaz signs memo on possible cooperation with two European gas transport system operators

    The national oil and gas holding Naftogaz of Ukraine and Ukrtransgaz, operator of Ukraine`s gas transport system, have signed a Memorandum of Understanding on joint assessment of cooperation opportunities in the use and development of Ukraine`s gas transportation system (GTS) with Snam S.p.A. (Italy) and Eustream a.s. (Slovakia) – one of the...

    Ukraine`s sugar exports soar ninefold in 2017
    Apr11

    Ukraine`s sugar exports soar ninefold in 2017

    Ukraine in January-March 2017 exported 267,400 tonnes of sugar, which was nine times more year-over-year (y-o-y), according to the Ukrainian Agrarian Confederation press service. Ukraine`s sugar exports in monetary terms were estimated at US$131.5 million in Q1 2017, or 1.3% of the total national exports. The main buyers of Ukrainian sugar in...

    Ukraine promises IMF to legalize gambling by 2018
    Apr11

    Ukraine promises IMF to legalize gambling by 2018

    Ukraine`s government has promised to start earning increased revenue from legal gambling by next year, according to the Ukrainian government`s letter of intent to IMF chief Christine Lagarde, detailing the country`s plans to reform its economy in order to qualify for $17.5 billion in financial assistance, according to CalvinAyre. The letter,...

    Naftogaz reports almost UAH 27 bln in profits in 2016
    Apr11

    Naftogaz reports almost UAH 27 bln in profits in 2016

    National oil and gas holding Naftogaz of Ukraine in 2016 received UAH 26.5 billion, or US$ 984 million, in net profit, while the company saw a UAH 27.7 billion, or $1.029 billion, net loss in 2015, according to the holding`s press service. ”In 2016, Naftogaz received UAH 26.5 billion of net profit for the first time over the five years,” the...

    Ukraine leads in corruption rating of 41 countries of Europe, the Middle East, India and Africa
    Apr11

    Ukraine leads in corruption rating of 41 countries of Europe, the Middle East, India and Africa

    Ukraine tops the fraud rating composed of 41 countries of Europe, the Middle East, India and Africa (EMEIA), according to a 2017 fraud survey conducted at the request of Ernst & Young. Some 51% of EY Fraud Survey respondents still think that the problem of bribery and corruption is pressing. Some 27% of the polled claim that bribery is an...

    Ukrainian flour exports hit a 20-year high
    Apr11

    Ukrainian flour exports hit a 20-year high

    Ukrainian flour exports hit a 20-year high of over 340 KMT in the 2015/16 season. As expected, the upward trend in flour supplies from the country continued into MY 2016/17, UkrAgroConsult reports. Global trends also contribute to growth of flour exports. The world`s demand for flour has increased 15-20% over the last 4-5 years. Noteworthy is...

    Ukrainian gas reserves amount to 8.3 bcm
    Apr11

    Ukrainian gas reserves amount to 8.3 bcm

    Natural gas reserves in Ukrainian underground gas storages (USFs) increased by 1%, or 82 million cubic meters (mcm), on April 1-8, to 8.307 billion cubic meters (bcm) from 8.225 bcm, according to the state-run gas transport system operator Ukrtransgaz. As reported, 15.78 bcm of gas was injected into USFs, while 9.49 bcm of gas pumped from the...

    Azerbaijani companies to invest in Ukraine`s Odesa region
    Apr10

    Azerbaijani companies to invest in Ukraine`s Odesa region

    Azerbaijani companies are ready to invest in the southern Ukrainian Odesa region, Azerbaijan`s Ambassador to Ukraine Azer Khudiyev said at a meeting with the chairman of the Odesa regional state administration, Maksym Stepanov, according to Azertag. The ambassador said Azerbaijan was interested in developing economic ties with Ukraine, especially...

    Ukraine pledges before IMF to protect Russian banks` subsidiaries in Ukraine – Gontareva
    Apr10

    Ukraine pledges before IMF to protect Russian banks` subsidiaries in Ukraine – Gontareva

    Ukraine has committed to the International Monetary Fund (IMF) to protect Russian state-owned banks` subsidiaries in Ukraine from illegal actions, Governor of the National Bank of Ukraine (NBU) Valeria Gontareva told a briefing. The IMF is concerned about the situation around these banks, and this was one of the reasons for the postponement of...

    Ukraine`s chief banker names bankrupt banks, largest debtors for refinancing
    Apr10

    Ukraine`s chief banker names bankrupt banks, largest debtors for refinancing

    Governor of the National Bank of Ukraine (NBU) Valeria Gontareva has told reporters debts of insolvent banks to the NBU as of today are estimated at UAH 45.2 billion. Gontareva claimed that insolvent banks own the regulator some UAH 45.2 billion in terms of refinancing. According to the official, the largest debtors are the following banks: Nadra...

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