: :inin Kyiv (EET)

Section: Economy

    National Bank of Ukraine chief voices terms of PrivatBank stabilization
    Dec21

    National Bank of Ukraine chief voices terms of PrivatBank stabilization

    Head of the National Bank of Ukraine Valeria Gontareva has said that the stabilization process of the nationalized PrivatBank can take between one and three years, DT.ua reported. ”I think, PrivatBank will have its value and it could be sold… According to my calculations, it would take at least a year, but no more than three years,”...

    The Verkhovna Rada of Ukraine passes anti-corruption amendments to Tax Code
    Dec21

    The Verkhovna Rada of Ukraine passes anti-corruption amendments to Tax Code

    The Verkhovna Rada of Ukraine has adopted the bill, suggesting a number of amendments to the Tax Code, which minimize corruption risks in the bodies of the State Fiscal Service and improve Ukraine`s investment climate. 240 MPs, with the required minimum of 226 votes, supported the corresponding bill On Amendments to the Tax Code of Ukraine...

    Verkhovna Rada of Ukraine passes state budget 2017
    Dec21

    Verkhovna Rada of Ukraine passes state budget 2017

    The Verkhovna Rada of Ukraine overnight Wednesday, December 21, adopted as a whole the government-proposed bill on the state budget for 2017, with a 3% deficit and a 3% economic growth, according to an UNIAN correspondent. Draft law on the state budget No.5000 was supported by 274 MPs with the required minimum of 226 votes. While introducing the...

    Naftogaz`s net profit increased by 109 times in 9 months, nearing $1 bln
    Dec21

    Naftogaz`s net profit increased by 109 times in 9 months, nearing $1 bln

    Oil and gas giant NJSC Naftogaz of Ukraine`s net profit skyrocketed by 109 times January-September 2016, to UAH 25.5 billion, or about US$960 million. Its net revenue from sales in the nine months of 2016 amounted to UAH 95.5 billion, which was 28.9% up year-over-year, the company said in the information disclosure system of the National...

    U.S. adds 7 individuals to sanctions list, 8 entities over Crimea occupation
    Dec21

    U.S. adds 7 individuals to sanctions list, 8 entities over Crimea occupation

    The U.S. Department of the Treasury`s Office of Foreign Assets Control (OFAC) on December 20, 2016, designated seven individuals and eight entities under two Executive orders (E.O.s) related to Russia and Ukraine, and identified two vessels as blocked property. ”Today`s action is part of Treasury`s continued effort to counter attempts to...

    Ukraine sees 2% rise in GDP in the third quarter of 2016 year-over-year
    Dec20

    Ukraine sees 2% rise in GDP in the third quarter of 2016 year-over-year

    Ukraine saw a 2% rise in GDP in the third quarter of 2016 year-over-year, according to an updated report provided by the State Statistics Service. ”Nominal GDP in the third quarter of 2016 was estimated at UAH 664.7 billion. Real GDP was 100.5% compared to the previous quarter and 102% compared to the third quarter of 2015,” the State Statistics...

    Ministry of Economic Development and Trade improves forecast of agriproduction growth
    Dec20

    Ministry of Economic Development and Trade improves forecast of agriproduction growth

    The Ministry of Economic Development and Trade has improved the forecast of growth of agricultural production in Ukraine in 2016 to 3% from the previous forecast of 2.2%, according to the analytical material published on the official website of the Ministry. ”At the end of 2016, given the considerable volumes of gross harvest of most crops in...

    Ukrainian Finance Minister: PrivatBank resumes all payment services for entrepreneurs, legal entities
    Dec20

    Ukrainian Finance Minister: PrivatBank resumes all payment services for entrepreneurs, legal entities

    The nationalized PrivatBank has resumed all payment services for individual entrepreneurs and legal entities, Ukrainian Finance Minister Oleksandr Danyliuk wrote on Facebook. ”PrivatBank has resumed payments for individual entrepreneurs and legal entities, as expected. The first payment has just passed. All payments initiated yesterday will be...

    Ukraine reduces wholesale market price of electricity
    Dec20

    Ukraine reduces wholesale market price of electricity

    The National Energy and Utility Regulation Commission (NEURC) has lowered the forecasted wholesale market price of electricity for 2017 by 15.2%, to UAH 1,285 per 1 MWh. The relevant decision was unanimously adopted at the NEURC meeting Tuesday. ”It is proposed to reduce the wholesale market price by 10% from January 1, and by 5.8% from April 1,...

    Rada amends state budget 2016, allocates UAH 4.4 bln for benefits and subsidies
    Dec20

    Rada amends state budget 2016, allocates UAH 4.4 bln for benefits and subsidies

    The Verkhovna Rada of Ukraine has passed amendments to the state budget for 2016, increasing by UAH 4.4 billion the amount of government subsidies to local budgets for provision of benefits and utility subsidies. The relevant draft law ”On amendments to the state budget for 2016” (No. 5502), prepared by a group of MPs, was supported by 277...

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