: :inin Kyiv (EET)

Section: Economy

    Ukraine`s state debt exceeds $71 bln
    Mar25

    Ukraine`s state debt exceeds $71 bln

    Ukraine`s state and government-guaranteed debt, estimated in U.S. dollars, rose by 0.3%, to US$71.21 billion, as of January 31, according to the Ukrainian Finance Ministry`s website. The debt in the hryvnia equivalent grew by 0.05% in January 2017, to UAH 1.931 trillion. The ministry claims that the main reason for the growth of the national debt...

    Ukraine`s Verkhovna Rada passes bill on state investment projects
    Mar24

    Ukraine`s Verkhovna Rada passes bill on state investment projects

    Ukraine`s Verkhovna Rada has adopted a draft law on state investment projects, which provides for the decentralization of decision-making on investment. Some 234 deputies supported the document with the required minimum being 226 votes. ”The purpose of the bill is to increase the efficiency of state investment in Ukraine, which, unfortunately, is...

    NBU says 37 banks should raise charter capital to $7.4 mln by July 11
    Mar24

    NBU says 37 banks should raise charter capital to $7.4 mln by July 11

    The National Bank of Ukraine (NBU) says that 37 Ukrainian banks should increase their charter capital to at least UAH 200 million, or US$7.4 million, by July 11, 2017, according to the NBU`s website. The newly adopted law on simplification of bank capitalization and reorganization, passed by the Verkhovna Rada on March 23, 2017, deals mainly with...

    Ukraine`s economy ministry reports 4.6% decline in exports in 2016
    Mar24

    Ukraine`s economy ministry reports 4.6% decline in exports in 2016

    The Ukrainian Economic Development and Trade Ministry says the country`s exports in 2016 fell by 4.6%, or US$1.8 billion, from 2015, which coincides with the State Statistics Service`s estimates, according to the ministry`s press service. ”Negative trends [in exports] are due to the unstable political and economic situation in certain regions of...

    Industrial output in Ukraine drops 4.6% following January growth
    Mar24

    Industrial output in Ukraine drops 4.6% following January growth

    Ukraine`s industrial output in February 2017 fell by 4.6% in annual terms, without taking into account the adjustment for the calendar days effect, after rising 5.6% a month earlier, according to the State Statistics Service. Taking into account the calendar days effect adjustment, the fall in industrial output in February was 1.7% in annual...

    IMF technical mission arrives in Ukraine – Finance Ministry
    Mar24

    IMF technical mission arrives in Ukraine – Finance Ministry

    Technical mission of the International Monetary Fund has started its work in Ukraine, according to the Ministry of Finance of Ukraine. According to the Finance Ministry, among the key issues on the agenda is the assessment and recommendations on the concept of development of the State Fiscal Service, which was developed by the ministry together...

    Reuters: Oil edges up as Saudis cut supplies to U.S., but global glut remains
    Mar24

    Reuters: Oil edges up as Saudis cut supplies to U.S., but global glut remains

    Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel, according to Reuters. Prices for front-month Brent crude futures LCOc1, the international benchmark for oil, were at $50.63 per barrel at 0343 GMT, up 7 cents from...

    National Bank of Ukraine simplifies rules for cash currency cross-border movement
    Mar23

    National Bank of Ukraine simplifies rules for cash currency cross-border movement

    The National Bank of Ukraine has simplified the procedure for the movement of foreign currency over EUR 10,000 across Ukraine`s customs border, according to NBU decree No.24, going into effect March 23. Citizens declaring the amount over EUR 10,000 may now provide a wider range of money origin confirmation papers. Besides the receipts on money...

    Ukraine sees record high farm produce exports in January
    Mar23

    Ukraine sees record high farm produce exports in January

    Ukrainian farmers in January 2017 shipped agricultural products to foreign markets to the tune of US$ 1.3 billion, which was 53.7% up year-over-year (y-o-y), and it is record high results in the past four years, according to the Ukrainian Agrarian Policy and Food Ministry`s press service. Exports of farm produce accounted for a record share of...

    National Bank of Ukraine enforces sanctions against Russian banks` subsidiaries
    Mar23

    National Bank of Ukraine enforces sanctions against Russian banks` subsidiaries

    According to the decision of the National Security and Defense Council, the National Bank of Ukraine on March 23 imposes sanctions on subsidiaries of Russian state-owned banks, according to the NBU press service. ”The Board of the National Bank of Ukraine on March 21 approved Decree No. 25, aimed at ensuring the implementation of sanctions...

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