: :inin Kyiv (EET)

Section: Economy

    President Poroshenko: PrivatBank clients guaranteed safety and integrity of their funds. Video
    Dec19

    President Poroshenko: PrivatBank clients guaranteed safety and integrity of their funds. Video

    Ukrainian President Petro Poroshenko said in a comment relating to the transition of PrivatBank to 100% state ownership that the State assumes responsibility and guarantees safety and integrity of funds to the clients of PrivatBank. ”Despite the fact that the case is related to the private banking institution, these decisions are not a private...

    Verkhovna Rada intends to adopt state budget on December 22
    Dec19

    Verkhovna Rada intends to adopt state budget on December 22

    The Verkhovna Rada plans on Thursday, December 22, to hold a second reading vote of a bill on state budget 2017, according to the parliament`s draft schedule for December 20-23. Among other things, Tuesday, December 20, the deputies plan to consider a number of bills related to the budget approval. In particular, these are the questions of...

    European Commission to allocate EUR 104 mln for public administration reform
    Dec19

    European Commission to allocate EUR 104 mln for public administration reform

    Ukraine has signed an agreement with the European Commission (EC) on the financing of public service reform in the amount of EUR 104 million for the period from 2016 to 2020, according to the Ministry of Economic Development and Trade. ”Before the meeting of the [Ukraine-EU] Association Council, Ivanna Klympush-Tsintsadze [Ukraine`s Deputy Prime...

    Ukraine has 12.7bcm of gas left in reserves
    Dec19

    Ukraine has 12.7bcm of gas left in reserves

    Ukraine`s natural gas reserves in its underground storage facilities between Dec 9 and Dec 16 shrunk by 2.7%, or 355 million cubic meters – from 13.082 billion cubic meters down to 12.727 bcm, according to the national gas transport system operator Ukrtransgaz. According to the company data, 62.4 million cubic meters of gas was pumped out...

    National Bank of Ukraine on PrivatBank nationalization: Services for legal entities suspended for 24 hours, no other payment restrictions to come
    Dec19

    National Bank of Ukraine on PrivatBank nationalization: Services for legal entities suspended for 24 hours, no other payment restrictions to come

    The Cabinet of Ministers of Ukraine at its Sunday meeting supported the offer of the National Bank to transfer PJSC PrivatBank to 100% state ownership. PrivatBank suspends services for legal entities for just one day, December 19. No other restrictions of payments will be introduced, according to NBU Governor Valeria Gontareva. Gontareva noted...

    PrivatBank nationalization: Finance Minister tells media, how much money to be injected into bank
    Dec19

    PrivatBank nationalization: Finance Minister tells media, how much money to be injected into bank

    According to the Finance Minister, the maximum amount of PrivatBank recapitalization will be UAH 148 billion. Ukraine`s largest bank, PJSC PrivatBank, nationalized by the State, according to the decision of the Cabinet of Ministers, will continue to operate in a regular mode, while the new management team will be formed in the coming days,...

    Cabinet of Ministers of Ukraine: Ukraine`s biggest bank will be nationalized
    Dec19

    Cabinet of Ministers of Ukraine: Ukraine`s biggest bank will be nationalized

    Ukraine`s Cabinet of Ministers on Sunday, December 18, supported the proposal put forth by the National Bank of Ukraine (NBU) and the Council for Financial Stability to transfer Ukraine`s No. 1 bank, Dnipro-based PJSC PrivatBank to 100% state ownership. ”At a meeting on Sunday, the Cabinet of Ministers considered issues to ensure stability in the...

    BlackEnergy hackers now launching attacks against Ukrainian banks
    Dec16

    BlackEnergy hackers now launching attacks against Ukrainian banks

    BlackEnergy hackers, who earlier managed to successfully compromise the Ukrainian energy system and cut off the light at several local utilities, are likely behind a new series of cyberattacks targeting banks, according to Softpedia. Security company ESET reveals that it discovered a new group called TeleBots whose modus operandi is very similar...

    Ukraine earns almost $12 bln from farm produce exports in 10 months
    Dec16

    Ukraine earns almost $12 bln from farm produce exports in 10 months

    Exports of Ukrainian farm produce in January-October 2016 amounted to $11.8 billion, which accounted for 40.7% in total national exports, according to the of Agrarian Policy and Food Ministry`s press service, which cites the State Statistics Service of Ukraine. Cereals ($4.8 billion), fats and oils of animal or vegetable origin ($3.1 billion),...

    National Bank of Ukraine: Artem-Bank subject to liquidation
    Dec16

    National Bank of Ukraine: Artem-Bank subject to liquidation

    Ukraine`s Central Bank on December 15 decided to withdraw Kyiv-based Artem-Bank`s license, as was proposed by the Deposit Guarantee Fund, and liquidate the bank, according to the regulator. ”Artem-Bank was designated as insolvent on November 15, 2016, in keeping with Article 76 of Ukraine`s law on banks and banking,” the regulator said on Friday,...

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