: :inin Kyiv (EET)

Section: Economy

    IMF notes progress in cooperation with Ukraine, although provides no specific dates of new loan tranche allocation
    Feb24

    IMF notes progress in cooperation with Ukraine, although provides no specific dates of new loan tranche allocation

    Ukraine`s key creditor, the International Monetary Fund, has noted significant progress in its cooperation with Ukraine, as well as in part of Kyiv`s implementation of a reform program, approved in March 2015; however, the Fund`s Executive Board has not yet set a date to consider allocation of a $1 bln tranche for Ukraine, according to the IMF...

    Ukraine exports almost 29 mln tonnes of grain since July 2016
    Feb23

    Ukraine exports almost 29 mln tonnes of grain since July 2016

    Ukrainian farmers have exported 28.65 million tonnes of grain since the start of the 2016-2017 marketing year, or MY, (July 2016 – June 2017), according to the Ukrainian Agrarian Policy and Food Ministry`s press service. In particular, wheat exports totaled 13.3 million tonnes, barley shipments were about 4.6 million tonnes, and those of maize...

    Ukraine needs to return its tankers from Caspian to Black Sea to privatize shipping companies –  Ukraine`s State Property Fund
    Feb23

    Ukraine needs to return its tankers from Caspian to Black Sea to privatize shipping companies – Ukraine`s State Property Fund

    State-owned Black Sea Shipping Company (BSSC) and Ukrtanker are not subject to privatization, head of Odesa branch of Ukraine`s State Property Fund (SPF) Oleksiy Kosmin said at an Odesa press conference February 22, according to an UNIAN news agency news agency correspondent. ”The government has decided to search for additional assets of the...

    Ukraine`s privatization watchdog unhappy with investor of Ukrtelecom
    Feb23

    Ukraine`s privatization watchdog unhappy with investor of Ukrtelecom

    Ukraine`s State Property Fund (SPF) claims that the ESU company, which is a major shareholder in the country`s largest landline service provider Ukrtelecom and which belongs to Ukrainian businessman Rinat Akhmetov, has not fulfilled a number of the investment obligations it undertook when it privatized the telecoms giant, according to Ukrelecom`s...

    International investment banks mull opening Ukraine offices
    Feb23

    International investment banks mull opening Ukraine offices

    International investment banks are considering opening their offices in Ukraine, the country`s First Deputy Finance Minister, Oksana Markarova, said on Wednesday, February 22. The official noted that previously, the international investment banks were not interested in such a move due to the almost complete lack of medium-sized businesses whom...

    Crude oil rises after report shows drop in stockpiles
    Feb23

    Crude oil rises after report shows drop in stockpiles

    Oil futures climbed nearly 1 percent on Thursday after data showed a surprise decline in U.S. crude stocks as imports fell, supporting the view that a global glut is ending, according to Reuters. The U.S. West Texas Intermediate crude April contract CLc1 had risen 50 cents, or 0.9 percent, to $54.09 a barrel by 0229 GMT, Reuters reported. Brent...

    Cabinet provides almost UAH 10 bln to PrivatBank in recapitalization effort
    Feb22

    Cabinet provides almost UAH 10 bln to PrivatBank in recapitalization effort

    The Cabinet of Ministers of Ukraine decided to continue recapitalization of the nationalized PrivatBank with an additional UAH 9.8 billion influx in the framework of the decision on the capital increase by UAH 116.8 billion, adopted in December 2106, which has not been implemented in full, as reported on the government website, citing Decree No....

    Ukraine`s trade with EU boosted by 1st full year of Association deal – EU Delegation to Ukraine
    Feb22

    Ukraine`s trade with EU boosted by 1st full year of Association deal – EU Delegation to Ukraine

    One year after the entry into force of the EU-Ukraine Association Agreement (1st January 2016), the trade statistics released by the Ukrainian State Statistics Service report an increase in exports to the EU in 2016 compared to 2015. While this increase is still modest (+3,7%), it demonstrates that the Agreement, and more particularly the...

    Ukraine`s State Treasury reveals over 12,000 cases of budget violation in 2016
    Feb22

    Ukraine`s State Treasury reveals over 12,000 cases of budget violation in 2016

    The State Treasury Service of Ukraine in 2016 revealed over 12,000 cases involving UAH 5.1 billion in transactions when budget legislation was violated by managers and recipients of state and local budget funds, according to the service`s materials shared with UNIAN news agency. This was 37.8% up from transactions in 2015, which were estimated at...

    EU ready to pose as 3rd party in Ukraine-Russia WTO dispute – Ukraine`s Trade Representative
    Feb22

    EU ready to pose as 3rd party in Ukraine-Russia WTO dispute – Ukraine`s Trade Representative

    The European Union has expressed its interest in joining as a third party the review of a trade dispute between Ukraine and Russia, initiated by Kyiv in the framework of the World Trade Organization (WTO) in order to lift trade and transit restrictions imposed by Moscow against Ukrainian exports in January 2016, Ukraine`s Trade Representative...

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