: :inin Kyiv (EET)

Section: Economy

    RFE/RL: EU Commissioner says Gazprom appears set to comply with antitrust rules
    Mar14

    RFE/RL: EU Commissioner says Gazprom appears set to comply with antitrust rules

    EU Competition Commissioner Margrethe Vestager says Russia`s state-run gas giant Gazprom appears ready to comply with European Union rules in order to end a five-year antitrust case and avoid fines, according to Radio Free Europe / Radio Liberty (RFE/RL). Vestager said on March 13 that Gazprom`s commitments met its objectives regarding...

    IMF confirms date of Executive Board meeting on Ukrainian issue
    Mar13

    IMF confirms date of Executive Board meeting on Ukrainian issue

    Ukraine`s key creditor, the International Monetary Fund (IMF), has confirmed that the meeting of its Executive Board on assessment of the economic situation in Ukraine and approval of the third revision of the reform program adopted in March 2015 will be held on March 20, according to its schedule of meetings posted on the IMF`s website. The...

    Ukrainian gas reserves shrink to 8.2 bcm
    Mar13

    Ukrainian gas reserves shrink to 8.2 bcm

    Natural gas reserves in Ukrainian underground gas storages (USFs) decreased by 0.5%, or 40 million cubic meters (bcm), on March 4-11, to 8.192 bcm from 8.232 bcm, according to the state-run gas transport system operator Ukrtransgaz. As reported, 4.63 bcm of gas was injected into USFs, while 0.53 bcm of gas pumped from the facilities on March 11...

    Ukraine significantly increases import of oil products
    Mar13

    Ukraine significantly increases import of oil products

    Ukraine in January-February 2017 imported oil products by $582.5 million, which is 72% more than in the same period last year, the State Fiscal Service reports. According to the agency, imports of oil products from Belarus amounted to $285.1 million (48.9% of the cost of imports of oil products), from Russia – $158.2 million (27.1%), from Greece...

    Ukrainian banks show profitable performance in Jan 2017
    Mar11

    Ukrainian banks show profitable performance in Jan 2017

    Ukrainian solvent banks in January 2017 received UAH 338 million in net profit against UAH 890 million in net loss year-over-year (y-o-y), according to the National Bank of Ukraine (NBU) website. Banking profitability in January 2017 stemmed primarily from an increase of net interest income by 29.5% y-o-y (to UAH 4.131 million, and net fee and...

    Journalist says Governor of the National Bank of Ukraine allegedly lenient with Russian banks
    Mar11

    Journalist says Governor of the National Bank of Ukraine allegedly lenient with Russian banks

    Journalist and economic expert Oleksandr Dubinsky says Governor of the National Bank of Ukraine (NBU) Valeryia Gontareva was too lenient with Russian banks set to expand their presence in the occupied areas of Donetsk and Luhansk regions (ORDLO), also known as the self-proclaimed Luhansk and Donetsk People`s Republics, ”LPR” and ”DPR,” according...

    Ukraine stops withdrawing gas from UGSFs – Ukrtransgaz
    Mar11

    Ukraine stops withdrawing gas from UGSFs – Ukrtransgaz

    Ukraine has stopped withdrawing gas from its underground gas storage facilities (UGSFs) and began pumping it, according to Ukrtransgaz, operator of Ukraine`s gas transport system. ”The injected amount is 4.5 million cubic meters per day,” Ukrtransgaz spokesperson Maksym Beliavskiy wrote on Facebook. Earlier, gas stocks in Ukraine`s underground...

    Finance Ministry drafting updated concept of fiscal service reform
    Mar11

    Finance Ministry drafting updated concept of fiscal service reform

    The Ministry of Finance of Ukraine intends to present in the near future an updated concept of reforming the State Fiscal Service, which will contain a new set of priorities and plans, according to Finance Minister Oleksandr Danyliuk. ”In the near future, we will present a concept of reforming the SFS, which revises our plans and priorities and...

    Ukraine starts 2017 grain sowing
    Mar11

    Ukraine starts 2017 grain sowing

    Farmers of southern Ukrainian regions have started spring grain sowing, seeding the first 600 hectares, the agriculture ministry said on Thursday, The Times of India reported. Farmers plan to sow a total of 7.2 million hectares of spring grains this year, including 2.4 million hectares of early spring grains – barley, spring wheat, oats and peas,...

    Finance Minister tells when 4th IMF tranche to be allocated
    Mar11

    Finance Minister tells when 4th IMF tranche to be allocated

    The Finance Ministry expects a loan tranche from the IMF to be allocated within a few days after the meeting of the Executive Board, according to Finance Minister Oleksandr Danyliuk. The Ministry of Finance of Ukraine expects that the fourth bailout tranche in the amount of $1 billion under the Extended Fund Facility, approved with the IMF in...

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