: :inin Kyiv (EET)

Section: Economy

    Oil prices soar on global producer deal to cut crude output
    Dec12

    Oil prices soar on global producer deal to cut crude output

    Oil prices shot to their highest levels since mid-2015 on Monday after OPEC and other producers reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up markets, according to Reuters. Brent crude, the international benchmark for oil prices, soared to $57.89 per barrel in overnight trading between...

    Ukrainian Parliament Chairman names date for budget adoption
    Dec11

    Ukrainian Parliament Chairman names date for budget adoption

    Chairman of the Verkhovna Rada, Ukraine`s parliament, Andriy Parubiy has set a goal to ensure the adoption of the state budget on December 20-23. This statement he made during his visit to Lviv region, according to Ukrainian TV channel ZIK. ”I have previously expressed an ambitious goal – to adopt the budget by December 8, for which I am now...

    Ukraine`s Central Bank explains slowdown of inflation in Nov
    Dec11

    Ukraine`s Central Bank explains slowdown of inflation in Nov

    The National Bank of Ukraine (NBU) says the slowdown of year-over-year inflation in November 2016 against the level recorded in October 2016 was due to a decrease in the index of prices of whole foods at a higher pace than it was predicted. Inflation in November 2016 was 1.8%; while year-over-year inflation slowed to 12.1% in November 2016...

    Trilateral gas talks proved once again useful – Vice-President of the European Commission
    Dec10

    Trilateral gas talks proved once again useful – Vice-President of the European Commission

    Vice-President of the European Commission in charge of the Energy Union Maros Sefcovic is positive about the outcome of a recent round of trilateral gas talks between the European Commission, Russia and Ukraine, claiming the trilateral format has again proved to be useful. ”The trilateral format has again proven its usefulness today. Facilitated...

    S&P ratings on Ukraine affirmed at `B-/B` with stable outlook
    Dec10

    S&P ratings on Ukraine affirmed at `B-/B` with stable outlook

    S&P Global Ratings on December 9, 2016, affirmed its `B-/B` long- and short-term foreign and local currency sovereign credit ratings on Ukraine. The outlooks on the long-term foreign and local currency ratings are stable. ”At the same time, we affirmed the `uaBBB-` Ukraine national scale rating,” S&P said in a statement on Friday....

    National Bank of Ukraine: Number of operating banks in Ukraine decreases to 98 in Nov
    Dec09

    National Bank of Ukraine: Number of operating banks in Ukraine decreases to 98 in Nov

    The number of banks operating in Ukraine, that are licensed to conduct banking activities, was 98 as of December 1, which was two financial institutions less than as of November 1. According to the data provided to UNIAN by the National Bank of Ukraine (NBU), the number of operating banks with foreign capital has not changed in Ukraine in...

    Ukrainians in Nov sell $21 mln more currency than they purchase
    Dec09

    Ukrainians in Nov sell $21 mln more currency than they purchase

    Net sales of foreign currency by the Ukrainians in November amounted to $21.3 million, which is five times lower than the net sales in the previous month, according to the National Bank of Ukraine. In November, the banks sold $116.4 million of cash currency to the population, buying $137.7 million in the same period, as reported on the NBU...

    EU explains pressure on Ukraine to lifting of moratorium on round timber export and denies manipulation of visa liberalization
    Dec09

    EU explains pressure on Ukraine to lifting of moratorium on round timber export and denies manipulation of visa liberalization

    The President of Ukraine Petro Poroshenko during the summit Ukraine-EU in Brussels promised to cansel the moratorium on the export of unprocessed timber. It is a condition for the EU to grant 600 million euros and promise of visa liberalization in a short time. A lot of Ukrainians outrage of the EU position and call it “visa...

    Gazprom signs contract to build Turkish Stream`s offshore section
    Dec09

    Gazprom signs contract to build Turkish Stream`s offshore section

    Russian gas monopoly Gazprom has signed a contract to build the first line of the offshore section of the Turkish Stream pipeline bypassing Ukraine in the Black Sea, the information department of Gazprom told UNIAN. ”Today in Amsterdam, the company South Stream Transport B.V. signed a contract with Allseas Group S.A. for the construction of the...

    IMF undecided on date of Board meeting of Ukraine – spokesman
    Dec09

    IMF undecided on date of Board meeting of Ukraine – spokesman

    The Board of Directors of Ukraine`s key creditor, the IMF, has not yet determined the date of its meeting on Ukraine. The Fund does not rule out that the discussion of the reform program and, as a consequence, a decision on the allocation of the fourth tranche in the amount of $1.3 billion, can be held in early 2017. ”There was a mission in...

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