: :inin Kyiv (EET)

Section: Economy

    Ukrainian Cabinet to oblige regional gas operators to pay for use of gas distribution networks
    May27

    Ukrainian Cabinet to oblige regional gas operators to pay for use of gas distribution networks

    The Ministry of Energy and Coal Industry has developed an agreement that will regulate the paid use of gas distribution networks and sent it to the regional gas operators, the ministry`s press service told UNIAN, with reference to Profile Deputy Energy Minister Ihor Prokopiv. ”The ministry took the following measures: at first, we held a series...

    Ukrzaliznytsia says has no intention to terminate railway passenger traffic with Russia
    May27

    Ukrzaliznytsia says has no intention to terminate railway passenger traffic with Russia

    Ukraine`s state-owned JSC Ukrzaliznytsia railways operator is not planning to cease railway passenger services in Russian direction, according to the company`s press service, the Ukrainian online newspaper Ukrainska Pravda reports. The report by the Russian publication Kommersant on the termination of passenger traffic starting July 1 is not...

    Britain`s High Court to decide on Ukraine`s Yanukovych debt later due to complexity
    May27

    Britain`s High Court to decide on Ukraine`s Yanukovych debt later due to complexity

    The High Court in London has rescheduled its verdict due to be taken on May 26 on Russia`s claims against Ukraine after the Ukrainian government defaulted on $3 billion in bonds issued by Russian President Vladimir Putin in December 2013 to bail out his former Ukrainian counterpart and ally, Viktor Yanukovych, just months before the latter was...

    IMF mission completes work in Kyiv this week
    May25

    IMF mission completes work in Kyiv this week

    An International Monetary Fund mission that has been in Kyiv since May 16 is to complete its work this week, according to Acting Governor of the National Bank of Ukraine Yakiv Smolii. ”The mission of the International Monetary Fund is completing its work in Ukraine this week,” he told reporters on Thursday, May 25. Smolii recalled that the four...

    Bloomberg: OPEC, allies to extend oil cuts for nine months to end glut
    May25

    Bloomberg: OPEC, allies to extend oil cuts for nine months to end glut

    OPEC and its allies extended oil production cuts for nine more months after last year`s landmark agreement failed to eliminate the global oversupply or achieve a sustained price recovery, according to Bloomberg. The producer group together with Russia and other non-members agreed to prolong their accord through March, but no new non-OPEC...

    Naftogaz expects Stockholm Arbitration`s decision by late May
    May25

    Naftogaz expects Stockholm Arbitration`s decision by late May

    Oil and gas holding Naftogaz of Ukraine expects to see a ruling by the Arbitration Institute of the Stockholm Chamber of Commerce in the claim of the Ukrainian company to the Russian gas monopoly Gazprom on the contract for the purchase of gas before the end of this month, Commercial Director of NJSC Naftogaz of Ukraine Yuriy Vitrenko said on May...

    EU aims to approve new quotas for Ukraine before July
    May25

    EU aims to approve new quotas for Ukraine before July

    The European Union plans to approve new autonomous preferences for Ukraine before the end of June, ahead of the Ukraine-EU summit to be held in the middle of summer, Europeiska Pravda reports with reference to a source in the European Commission. The main obstacle to the move remains the lack of a unified position within the EU Council. ”Last...

    Court rejects defense`s appeal over confiscation of ”Yanukovych assets”
    May25

    Court rejects defense`s appeal over confiscation of ”Yanukovych assets”

    The Donetsk Regional Appeals Court has refused to commence proceedings regarding the confiscation of $1.5 billion on the appeal of the team of lawyers, representatives of non-resident companies of ex-president Viktor Yanukovych`s criminal organization, according to the Prosecutor General`s Office of Ukraine. However, the PGO has not yet received...

    Russian-controlled media spread false information about Ukraine`s national nuclear company – EU-Ukraine Business Council
    May25

    Russian-controlled media spread false information about Ukraine`s national nuclear company – EU-Ukraine Business Council

    Founding Director of the EU-Ukraine Business Council James Wilson says that the pro-Russian nuclear lobby and Russian-controlled media spread false information and rumors about the activities of Ukraine`s national nuclear energy generating company Energoatom and equipment suppliers for nuclear power plants due to the fact that the company reduces...

    China receives the first contract for dredging in ”Yuzhny”
    May25

    China receives the first contract for dredging in ”Yuzhny”

    Ukrainian Sea Ports Authority (USPA) and China Harbor Engineering Company (CHEC) have signed a contract for dredging works under the project ”Reconstruction of water access, and operational water areas at berths, given cargo turnover prospects of Yuzhny seaport,” UkrAgroConsult reports . Chinese specialists will increase the depth of the access...

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