: :inin Kyiv (EET)

Section: Economy

    Ukrainian banks see 66.7% decline in loss in 11 months, to UAH 19 bln according to the National Bank of Ukraine
    Dec24

    Ukrainian banks see 66.7% decline in loss in 11 months, to UAH 19 bln according to the National Bank of Ukraine

    Ukrainian banks` losses in January-November 2016 declined by 66.7% year-over-year, to UAH 18.884 billion, or US$719 million, according to the National Bank of Ukraine. In the same period last year, the banks posted UAH 57.3 billion, or $2.18 billion, in losses. The banks` losses in November 2016 alone were UAH 6.29 billion, while in the 11 months...

    Ukraine expects IMF decision on next loan tranche by end of January
    Dec23

    Ukraine expects IMF decision on next loan tranche by end of January

    Finance Minister Oleksandr Danyliuk says Ukraine expects to conclude talks with the International Monetary Fund (IMF) about the next tranche of a $17.5 billion loan by the end of January 2017, according to Reuters. ”We are discussing amendments to the memorandum with the IMF. We hope to be ready for the IMF board meeting at the end of January,”...

    Agrarian Ministry raises forecast of grain exports from Ukraine to 41.6 mln tonnes
    Dec23

    Agrarian Ministry raises forecast of grain exports from Ukraine to 41.6 mln tonnes

    The Ministry of Agrarian Policy and Food of Ukraine has increased the forecast of grain exports from Ukraine in the 2016-2017 marketing year (July 2016 – June 2017) to 41.6 million tonnes, Ukrainian Agriculture Minister Taras Kutoviy told journalists. ”We have raised the forecast to 41.56 million tonnes,” he said. Earlier, the Ministry...

    Ukrhydroenergo paid about UAH 2 bln taxes in 2016
    Dec23

    Ukrhydroenergo paid about UAH 2 bln taxes in 2016

    Ukraine`s state-owned company Ukrhydroenergo paid about UAH 2 billion taxes in 2016, Ukrhydroenergo CEO Ihor Syrota said during celebrations to mark the Day of Energy in Kaniv. Over 11 months of 2016, the company has paid to the budgets of different levels UAH 1.9 billion in taxes, which is almost three times more than last year,...

    Lithuania Court rules Gazprom to pay EUR 36 mln fine
    Dec23

    Lithuania Court rules Gazprom to pay EUR 36 mln fine

    Lithuanian Supreme Administrative Court (SAC) on Thursday ruled to impose the largest fine in the history of Lithuania, obliging Russian gas concern Gazprom to pay a EUR 35.651 million fine to Lithuania for Gazprom`s refusal to sign off the gas exchange deal with Lietuvos Energija Gamyba (LEG), according to BNS media outlet. Thus, the court...

    Former Privatbank owner Ihor Kolomoisky commented on PrivatBank nationalization
    Dec23

    Former Privatbank owner Ihor Kolomoisky commented on PrivatBank nationalization

    Businessman Ihor Kolomoisky, one of the former stockholders in Ukraine`s No. 1 PrivatBank, has issued a comment on the bank`s recent nationalization. The comment has been sent to UNIAN and is being published without changes (unofficial translation): ”In this difficult time for the former shareholders, I would like to share a brief comment on the...

    Ex-top managers of PrivatBank comment on ”148 bln hole”, accuse National Bank chief of information attacks on bank
    Dec22

    Ex-top managers of PrivatBank comment on ”148 bln hole”, accuse National Bank chief of information attacks on bank

    The former Board of PrivatBank issued a statement on the reasons for the nationalization of one of Ukraine`s largest banks. According to a statement, the bank had lost its right to take into account UAH 142.8 billion worth of collateral because of the NBU policy, while the government had initiated a number of information attacks, which led to...

    Ukraine to allocate UAH 5.5 bln from the national budget to prop up agriculture in 2017
    Dec22

    Ukraine to allocate UAH 5.5 bln from the national budget to prop up agriculture in 2017

    Some UAH 5.5 billion, or about US$210 million, will be allocated from the national budget in 2017 to support Ukraine`s agriculture. Ukrainian Agriculture Minister Taras Kutoviy says that the budget funds will be conductive to the stable development of the agricultural sector. ”The Verkhovna Rada has supported the amendment put forth by the...

    PrivatBank to resume all services by close of business – new Chairman of the Board of PrivatBank
    Dec22

    PrivatBank to resume all services by close of business – new Chairman of the Board of PrivatBank

    PrivatBank will fully resume all of its services and transactions by close of business, new Chairman of the Board of PrivatBank Oleksandr Shlapak told a press conference Thursday. ”Over the last three days, the interim administration has been working in the bank, and a number of operations have been blocked. However, today, according to the Board...

    Rada approves development of transport corridor bypassing Russia
    Dec22

    Rada approves development of transport corridor bypassing Russia

    The Verkhovna Rada of Ukraine has ratified the Protocol amending the multilateral agreement on international transport on the development of the Europe-Caucasus-Asia corridor bypassing Russia. The adoption of bill No. 0118 ”On ratification of the Protocol on Amendments to the Basic Multilateral Agreement on International Transportation for...

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