: :inin Kyiv (EET)

Section: Economy

    IMF again postpones decision on loan tranche for Ukraine
    Feb27

    IMF again postpones decision on loan tranche for Ukraine

    The Executive Board of Ukraine`s key creditor, the International Monetary Fund is not going to consider the Ukrainian issue in the coming week, according to its schedule of meetings formed until March 6. There is only one issue on the agenda – the analysis of a micro-financial situation. Earlier, head of the IMF External Relations Department...

    Ukrainian gas reserves down to less than 8.4 bcm
    Feb27

    Ukrainian gas reserves down to less than 8.4 bcm

    Natural gas reserves in Ukrainian underground gas storages (USFs) shrank by 2.6%, or 222 million cubic meters (mcm), on February 18-25, to 8.386 billion cubic meters (bcm) from 8.608 bcm, according to the state-run gas transport system operator Ukrtransgaz. As reported, 23.5 mcm of gas was pumped from USFs February 25 alone. Earlier, the...

    National Bank of Ukraine denies reports of Gontareva resignation
    Feb27

    National Bank of Ukraine denies reports of Gontareva resignation

    Reports about the resignation of National Bank Governor Valeria Gontareva are untrue, the NBU press service told UNIAN news agency responding to media reports claiming Ms Gontareva intended to leave post. ”Traditionally, the National Bank reports about the upcoming changes in the composition of the Board a month ahead. There was no such...

    Law enforcers blast fiscal officials for extorting UAH 70 mln for VAT refund
    Feb26

    Law enforcers blast fiscal officials for extorting UAH 70 mln for VAT refund

    The Ukrainian Security Service has launched a raid to expose the State Fiscal Service officials, who extorted UAH 70 million from businesses for non-hindered VAT refunds, the SBU press center reports. The law enforcers found that the employees of the structural units of a big taxpayers office at the SFS had been systemically demanding money from...

    Court of Appeal upholds ruling on Antimonopoly Committee of Ukraine UAH 172 mln fine on Gazprom
    Feb25

    Court of Appeal upholds ruling on Antimonopoly Committee of Ukraine UAH 172 mln fine on Gazprom

    Kyiv Economic Court of Appeal has upheld a lower court ruling over the claim of the Antimonopoly Committee of Ukraine (ACU) to recover from Russia`s Gazprom a UAH 85.9 billion fine, imposed in January 2016, and UAH 85.9 billion in penalties, ACU head Yuriy Terentyev wrote on Facebook. Gazprom was initially fined for violations of Ukraine`s...

    Russia loses WTO appeal over ban on pork imports from EU – media
    Feb25

    Russia loses WTO appeal over ban on pork imports from EU – media

    Russia lost its appeal on Thursday against a World Trade Organization ruling on its ban on imports of European Union pigs and pork products, according to Reuters. Thursday`s ruling means Russia will be expected to bring its rules into line with the WTO`s, Reuters said.  If the EU is not satisfied that it has done so, it could ask to be allowed to...

    Ukraine`s State structures ”lost” UAH 2.6 bln in 2016 – audit
    Feb24

    Ukraine`s State structures ”lost” UAH 2.6 bln in 2016 – audit

    Ukraine`s State Audit Service in 2016 conducted nearly 2,700 financial inspections at more than 2,400 enterprises, institutions and organizations, revealing losses of financial and material resources totaling more than UAH 2.6 billion, as published on the agency`s website. Budgets of all levels, public institutions, organizations, and enterprises...

    Ukrainian barley exports up from last season
    Feb24

    Ukrainian barley exports up from last season

    Ukraine kept exporting barley at a rapid pace in January 2017, as some 161,600 tonnes of barley was shipped abroad that month, or 7.4 times more than exported from Ukraine in January 2016, reports UkrAgroConsult. In total, the country supplied 4.469 million tonnes of barley to foreign markets in the first seven months of the current season, or...

    Ukrainian Parliament intends to simplify procedure of banks` restructuring, capitalization
    Feb24

    Ukrainian Parliament intends to simplify procedure of banks` restructuring, capitalization

    The Verkhovna Rada of Ukraine February 23 adopted in first reading bill No.6010 on simplification of procedures for the banks` capitalization and restructuring, according to an UNIAN news agency news agency correspondent. While presenting the draft law, Head of the Parliamentary committee on finance and banking policy Serhiy Rybalka noted that...

    Traders drain pricey U.S. oil storage as OPEC deal bites
    Feb24

    Traders drain pricey U.S. oil storage as OPEC deal bites

    Traders are turning the spigots to drain the priciest storage tanks holding U.S. crude stockpiles as strengthening markets make it unprofitable to store for future sale and cuts in global production open export opportunities, according to Reuters. That could signal the beginning of the end for a two-year trade play that came about during an...

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