: :inin Kyiv (EET)

Section: Economy

    Germany demands cooperation from Russia as ”question of war and peace” is on table
    Dec08

    Germany demands cooperation from Russia as ”question of war and peace” is on table

    German Foreign Minister Frank-Walter Steinmeier on Wednesday demanded that Russia cooperate constructively, ahead of the meeting of foreign ministers of the Organization for Security and Cooperation in Europe (OSCE) in Hamburg, according to Ukraine Today. During a meeting with his Russian counterpart Sergei Lavrov, Steinmeier told him that Moscow...

    Slovak gas cheaper than gas offered by Gazprom – Naftogaz CCO
    Dec08

    Slovak gas cheaper than gas offered by Gazprom – Naftogaz CCO

    Naftogaz of Ukraine Chief Commercial Officer (CCO) Yuriy Vitrenko says that the price of natural gas Ukraine currently buys from the Slovak Republic is lower than the price of the gas Russia`s giant Gazprom may sell at in the first quarter of 2017. ”The price of Gazprom gas is now not $140-160 as Yulia Tymoshenko states, but $178-183 per 1,000...

    Cabinet approves draft law on establishment of Energy Efficiency Fund
    Dec07

    Cabinet approves draft law on establishment of Energy Efficiency Fund

    The Cabinet of Ministers approved at its Wednesday meeting a draft law on the establishment of the Energy Efficiency Fund in Ukraine and submitted it to parliament. Presenting the bill, Deputy Prime Minister of Ukraine Hennadiy Zubko said that the fund should be an effective tool for implementing programs of effective energy consumption. ”Today,...

    NBU declares another bank insolvent
    Dec07

    NBU declares another bank insolvent

    The National Bank of Ukraine (NBU) has adopted a decision to declare Trust Bank insolvent in connection with the violation of the regulator`s ban to attract deposits by this bank, established on July 2 due to the problematic status of the financial institution, the NBU reported on its website, with reference to the decision of the Board of...

    Ukrnaftoburinnia falls out of OPP privatization bid
    Dec07

    Ukrnaftoburinnia falls out of OPP privatization bid

    Ukrnaftoburinnia oil company has refused to participate in a tender for the privatization of 99.6% state-owned shares in the Odesa Port-Side Chemical Plant (OPP), scheduled for Dec. 14, with a starting price at UAH 5.16 billion (about $200 million), deputy chief of the company`s legal department Taras Metenko told UNIAN. ”Yes, we have refused to...

    Naftogaz buys 1.8 bcm of gas from European suppliers by means of EBRD loan
    Dec07

    Naftogaz buys 1.8 bcm of gas from European suppliers by means of EBRD loan

    Ukraine`s oil and gas giant NJSC Naftogaz of Ukraine in August-October bought 1.8 billion cubic meters of gas from the European companies Axpo Trading AG, CEZ, Engie SA, Eni Trading & Shipping S.p.A., RWE Supply & Trading GmbH and Uniper Global Commodities SE at the expense of the credit line of the European Bank for Reconstruction and...

    Odesa Portside Chemical Plant’s sale fails due to lack of bids from investors. Again
    Dec07

    Odesa Portside Chemical Plant’s sale fails due to lack of bids from investors. Again

    A new tender to sell 99.6% of shares of Odesa Portside Chemical Plant (OPP) will not take place due to a lack of bids from investors, the press service of the State Property Fund of Ukraine reported. The auction was to be held on December 14 with a starting price of UAH 5.16 billion, or about $200 million. ”Applications from potential...

    Law on setting up independent regulator of energy market to enter into force Dec 8
    Dec07

    Law on setting up independent regulator of energy market to enter into force Dec 8

    The Law on the National Energy and Utilities Regulation Commission, adopted by the Verkhovna Rada of Ukraine September 22, which provides for the establishment of an independent regulator of the energy market of Ukraine in accordance with European regulations, is now published in the Cabinet`s official newspaper Uriadoviy Kurier. The law will...

    Parliament votes for doubled minimum wage
    Dec07

    Parliament votes for doubled minimum wage

    Ukraine`s Verkhovna Rada passed a government-prepared bill doubling the minimum wages to UAH 3,200, or US$123, per capita as of January 1, 2017. Respective bill No. 5130 on amendments to some legal acts of Ukraine was supported by 227 MPs with the required minimum being 226 votes. Presenting the bill, Social Policy Minister Andriy Reva said that...

    ”Attempt to disrupt budget process”: Finance Ministry of Ukraine stops hacker attack on its resources
    Dec07

    ”Attempt to disrupt budget process”: Finance Ministry of Ukraine stops hacker attack on its resources

    The Ministry of Finance of Ukraine has put a halt to a cyberattack on its resources and is now recovering the operative system to avoid possible delays in payments, according to the ministry`s page on Facebook. The Finance Ministry said that since early Tuesday, December 6, its website was non-operational, as well as the website of the State...

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