: :inin Kyiv (EET)

Section: Economy

    Ukraine signs IMF memo to unlock next loan tranche
    Mar01

    Ukraine signs IMF memo to unlock next loan tranche

    Ukraine has signed an International Monetary Fund memorandum, paving the way for the disbursement of the next tranche of loans under its $17.5 billion bailout program, a source in the central bank said on Wednesday, according to Reuters. ”The Ukrainian side has signed the updated memorandum on cooperation,” the source told Reuters. Disbursements...

    Naftogaz to import gas from Slovakia, Poland, Hungary in March
    Mar01

    Naftogaz to import gas from Slovakia, Poland, Hungary in March

    Ukraine`s national JSC oil and gas giant, Naftogaz of Ukraine, plans to import gas from Slovakia, Poland, and Hungary in March. ”Imports from Slovakia will be about 40 million cubic meters per day. As for Poland and Hungary – we`ll see, as these routes are auxiliary for Naftogaz,” the company`s CCO Yuriy Vitrenko said at the Ukrainian Energy...

    Russian militant in leaders Luhansk and Donetsk People`s Republics threaten to seize Akhmetov’s factories if blockade continues
    Feb28

    Russian militant in leaders Luhansk and Donetsk People`s Republics threaten to seize Akhmetov’s factories if blockade continues

    Russian-backed leaders of the so-called ”LPR/DPR” (the self-proclaimed Luhansk and Donetsk People`s Republics) demand that the Ukrainian authorities stop by early March the transport blockade of the occupied areas of Donbas. Otherwise, the terrorists threaten to introduce external management at the enterprises under Ukrainian jurisdiction (mainly...

    Ukrainian central banker edging toward exit unnerves markets – Bloomberg
    Feb28

    Ukrainian central banker edging toward exit unnerves markets – Bloomberg

    The possible departure of Ukraine`s central bank governor unnerved bond investors as questions arose over the fate of vital economic overhauls should she step down, according to Bloomberg. Disappointed by a lack of government reforms, Valeriya Gontareva has told President Petro Poroshenko of her intention to resign, a person familiar with the...

    Yatsenyuk not willing to become National Bank of Ukraine Governor
    Feb28

    Yatsenyuk not willing to become National Bank of Ukraine Governor

    Former Ukrainian Prime Minister Arseniy Yatsenyuk does not apply for the post of a governor of the National Bank of Ukraine (NBU), believing Valeria Gontareva`s successor should not be affiliated with any political forces. ”I`m not going to become the NBU governor. I believe that an absolutely apolitical figure should be heading the NBU,”...

    Russia`s VTB Bank finds buyers for Ukrainian subsidiary
    Feb28

    Russia`s VTB Bank finds buyers for Ukrainian subsidiary

    President and Chairman of VTB Bank Management Board, Member of the Supervisory Council Andrey Kostin says the Group has found four buyers for its Ukrainian-based subsidiary, BM Bank, and the situation will clarify by the end of March, according to the Russian news agency RIA Novosti. ”We`ve got four buyers for BM Bank, they are now undergoing due...

    Gazprom violates contractual terms, reducing gas pressure at entrance to Ukraine`s gas transport system
    Feb28

    Gazprom violates contractual terms, reducing gas pressure at entrance to Ukraine`s gas transport system

    Russian gas monopoly Gazprom has once again violated the terms of the contract on ensuring required levels of gas pressure in the Ukrainian gas transport system (GTS), which undermines stable gas transit to the European Union, National Joint Stock Company Naftogaz of Ukraine reported. As of 08:00 on Tuesday, the pressure on Sudzha gas-measuring...

    Russia`s Gazprom names gas price for EU in 2017
    Feb28

    Russia`s Gazprom names gas price for EU in 2017

    Deputy Chairman of Gazprom Management Committee Alexander Medvedev said in his address to the Singapore Investment Forum that the export price of gas to the European Union in the current year may reach $180-190 per thousand cubic meters, according to Prime news agency. ”The price range in 2017 will remain between $180-$190 per 1,000 cubic...

    IMF hoping to finalize next week negotiations on 3rd loan tranche for Ukraine
    Feb28

    IMF hoping to finalize next week negotiations on 3rd loan tranche for Ukraine

    The International Monetary Fund (IMF) has denied reports about any delays of negotiations with Ukraine on the next loan tranche over the possible resignation of National Bank of Ukraine (NBU) Governor Valeria Gontareva, according to the IMF`s press service. Responding to the request by Voice of America, the press service said that significant...

    Reuters: Oil edges up as bullish bets on rising prices hit record high
    Feb27

    Reuters: Oil edges up as bullish bets on rising prices hit record high

    Oil prices edged higher on Monday as investors showed record confidence that prices would rise further, though gains were capped by the prospect of faster growth in U.S. oil production, according to Reuters. On its second to last day as the front-month contract, Brent futures for April delivery were up 16 cents, or 0.3 percent, at $56.15 a barrel...

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