: :inin Kyiv (EET)

Section: Economy

    IMF technical mission on tax policy completes work in Ukraine
    Mar29

    IMF technical mission on tax policy completes work in Ukraine

    A technical mission of the International Monetary Fund (IMF) on tax policy has completed its work in Ukraine as part of a two-week visit, according to the Ukrainian Finance Ministry. ”The Ministry of Finance has been advised, in particular, on regulations on funds transfer pricing, an improvement in the simplified tax system and the introduction...

    Toshiba to declare nuclear service company Westinghouse bankrupt
    Mar29

    Toshiba to declare nuclear service company Westinghouse bankrupt

    Japanese Toshiba`s subsidiary company Toshiba Westinghouse Electric, the American-Japanese company servicing nuclear power plants, will be declared bankrupt due to losses reaching $7 billion with another $2 billion to be lost due to the bankruptcy procedure, according to Reuters. Toshiba plans to file for Westinghouse Electric`s bankruptcy on...

    NBU streamlines requirements for eligible collateral against emergency liquidity assistance loans
    Mar29

    NBU streamlines requirements for eligible collateral against emergency liquidity assistance loans

    The NBU expanded the list of eligible collateral for ELA and simplified the procedural formalities, according to the central bank`s website. The new Emergency liquidity assistance (ELA) facility was put in place in December 2016. ELA loans are intended to cover temporary liquidity shortages experienced by a bank, which is provided in the event of...

    Ukraine apple exports to EU soar by 347 times over past 3 years
    Mar29

    Ukraine apple exports to EU soar by 347 times over past 3 years

    Ukrainian farmers increased exports of apples to the European Union by 347 times compared to 2013, while those to Asian countries rose by 55 times, according to the Ukrainian Agrarian Policy and Food Ministry`s press service. ”The shipments of apples from Ukraine to the EU countries grew by 347 times, to 1,130 tonnes in 2016 against 2013. Apple...

    Occupation of Donbas, Crimea makes Ukrainian exports lose almost $14 bln – economy ministry
    Mar28

    Occupation of Donbas, Crimea makes Ukrainian exports lose almost $14 bln – economy ministry

    Export losses due to the occupation of Donbas and Crimea amounted to US$12.9 billion, while total export losses of Ukraine amounted to $25.2 billion over the past years, that`s according to a draft export strategy, published on the website of the Ministry of Economic Development and Trade. ”The cost of export losses at the expense of these areas...

    EU top court upholds sanctions against Russia`s Rosneft
    Mar28

    EU top court upholds sanctions against Russia`s Rosneft

    Europe`s top court on Tuesday upheld European Union sanctions on Russia over the Ukraine conflict, including on its largest oil group Rosneft, in a ruling that asserts the court`s jurisdiction over the bloc`s foreign policy, according to Reuters. The European Court of Justice (ECJ) said ”restrictive measures … in response to the crisis in...

    Ukraine`s state debt hikes to $71.76 bln in Feb
    Mar28

    Ukraine`s state debt hikes to $71.76 bln in Feb

    Ukraine`s state and government-guaranteed debt, estimated in U.S. dollars, rose by 0.78%, to $71.76 billion, as of February 28, according to the Ukrainian Finance Ministry`s website. The debt in the hryvnia equivalent is estimated at UAH 1.941 trillion. The ministry claims that the main reason for the growth of the national debt in February was...

    Italian company ready to invest $2 bln in Ukraine`s new gas transportation system operator
    Mar27

    Italian company ready to invest $2 bln in Ukraine`s new gas transportation system operator

    National oil and gas holding company NJSC Naftogaz of Ukraine plans to complete negotiations with a potential investor for establishing PJSC Trunk Gas Pipelines of Ukraine in the next three months, according to the online newspaper ZN.UA. See also: Large gas field discovered in Ukraine on Black Sea shelf Participants in the negotiation process...

    Prime Minister of Ukraine  expects to launch free trade between GUAM members in 2017
    Mar27

    Prime Minister of Ukraine expects to launch free trade between GUAM members in 2017

    Prime Minister of Ukraine Volodymyr Groysman has claimed he expects to set up a free trade zone between the GUAM countries (Georgia, Ukraine, Azerbaijan, and Moldova) this year when speaking at the GUAM summit being held in Kyiv on March 27. ”I would like to urge the economy ministries of our countries to be more resolute, to complete and sign...

    The company of Head of the National Bank of Ukraine buys bonds of Russian VTB Bank, PIB in 2013-2014
    Mar26

    The company of Head of the National Bank of Ukraine buys bonds of Russian VTB Bank, PIB in 2013-2014

    Financial expert Aleksey Komakha claims that the ICU company where the incumbent Governor of the National Bank of Ukraine (NBU) Valeria Gontareva served as chairperson of the board of directors from 2007 to June 19, 2014, bought bonds of Russian VTB Bank and Prominvestbank (PIB) in 2013-2014, according to the Ukrainian-based media outlet RBC...

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