: :inin Kyiv (EET)

Section: Economy

    Russian gas monopoly Gazprom may lose its biggest asset in Turkey
    Dec20

    Russian gas monopoly Gazprom may lose its biggest asset in Turkey

    Russian gas monopoly Gazprom may lose its biggest asset in Turkey, according to the Russian media outlet Kommersant, citing sources familiar with the situation. Shares of Russian company and Gazprombank in Akfel Holding, the largest private importer of Russian gas to Turkey, were de facto nationalized on suspicion of having links with the...

    National Bank of Ukraine grants PrivatBank UAH 15 bln of refinancing
    Dec20

    National Bank of Ukraine grants PrivatBank UAH 15 bln of refinancing

    The National Bank of Ukraine (NBU) on December 19 provided the nationalized PrivatBank with a refinancing loan of UAH 15 billion, the press service of the regulator reported. ”In order to support liquidity, ensure uninterrupted customer service, operation of branches and ATMs, and timely payment, the National Bank of Ukraine has provided...

    Finance Ministry of Ukraine to issue bonds worth UAH 117 bln for PrivatBank recapitalization
    Dec20

    Finance Ministry of Ukraine to issue bonds worth UAH 117 bln for PrivatBank recapitalization

    The Cabinet of Ministers of Ukraine has instructed the Ministry of Finance to issue 15-year government domestic bonds worth UAH 116.8 billion at 10.5% per annum to pay for shares of the Ukraine`s largest bank, PrivatBank, nationalized by the government decision of December 18. Government Decree No.961 says: ”The Ministry of Finance shall provide...

    IMF chief Christine Lagarde keeps her job, escapes penalty after negligence conviction in France
    Dec20

    IMF chief Christine Lagarde keeps her job, escapes penalty after negligence conviction in France

    International Monetary Fund chief Christine Lagarde escaped punishment and kept her job on Monday despite a conviction on negligence charges over a state payout made while she served as France`s finance minister in 2008, according to Reuters. The executive board representing the IMF`s 189 member countries reaffirmed its full confidence in...

    PrivatBank freezes funds in corporate accounts as of December 19 in ”temporary measure”
    Dec20

    PrivatBank freezes funds in corporate accounts as of December 19 in ”temporary measure”

    PJSC PrivatBank has frozen funds in corporate accounts as of December 19, according to a message posted on ”Privat24 for business” website. The report says that debit transactions from the accounts and cards are allowed within the amount exceeding the balance on these accounts as of the morning of December 19, 2016, and all the credit limits in...

    Ukraine`s gross foreign debt grows by 0.9% to $116 bln in third quarter
    Dec20

    Ukraine`s gross foreign debt grows by 0.9% to $116 bln in third quarter

    Ukraine`s gross foreign debt in the third quarter of 2016 grew by 0.9%, or $1.053 billion, from the second quarter of 2016, to $116.015 billion, according to the National Bank of Ukraine. At the same time, the gross foreign debt has shrunk by 2.3%, or $2.714 billion, since the beginning of the year. As UNIAN reported earlier, Ukraine`s gross...

    Ukraine and European Investment Bank agree on financing programs worth EUR 600 mln
    Dec20

    Ukraine and European Investment Bank agree on financing programs worth EUR 600 mln

    Ukraine and the European Investment Bank later this afternoon will sign an agreement on granting Ukraine EUR 600 million within a framework of the EU assistance package, Federica Mogherini, EU High Representative for Foreign Affairs and Security Policy, told a joint briefing with Ukraine`s First Prime Minister Stepan Kubiv following the...

    Banking system stable, PrivatBank nationalization poses no threat – National Bank of Ukraine
    Dec19

    Banking system stable, PrivatBank nationalization poses no threat – National Bank of Ukraine

    The Cabinet of Ministers at its extraordinary meeting on Sunday, December 18, decided to transfer Ukraine`s largest bank, PrivatBank, to 100% state ownership. The Ukrainian banking system is stable, while the nationalization of Ukraine`s largest bank, Privatbank, conducted according to the government decision, poses no threat, that`s according to...

    Index of consumer sentiment in Ukraine in November decreased
    Dec19

    Index of consumer sentiment in Ukraine in November decreased

    The index of consumer sentiment in Ukraine in November decreased by 4.1 points to 47.4, compared to October, according to a study carried out by GfK Ukraine market research institute. The index of the expected development of the economy over the next year has decreased by 3.7 points compared to October and amounted to 40.6. The index of expected...

    IMF supports decision of Ukrainian government to nationalize PrivatBank
    Dec19

    IMF supports decision of Ukrainian government to nationalize PrivatBank

    The decision of Ukrainian authorities to nationalize PrivatBank is an important step in their efforts to safeguard financial stability, according to Christine Lagarde, Managing Director of the International Monetary Fund (IMF). ”Today`s decision of Ukrainian authorities to nationalize PrivatBank is an important step in their efforts to safeguard...

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