: :inin Kyiv (EET)

Section: Economy

    Finance Minister to visit Washington in coming days for IMF talks
    Feb22

    Finance Minister to visit Washington in coming days for IMF talks

    Ukraine`s Minister of Finance Oleksandr Danyliuk in the coming days will fly to Washington to hold talks with the International Monetary Fund on the allocation of the fourth loan tranche for Ukraine in the amount of $1 billion, a government source has told UNIAN news agency. All the fundamental contradictions in the Ukraine-IMF memorandum have...

    U.S. oil holds near seven-week high; OPEC upbeat on output curbs
    Feb22

    U.S. oil holds near seven-week high; OPEC upbeat on output curbs

    Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since 2014, according to Reuters. The U.S. West Texas Intermediate April crude contract CLc1, the new front-month future, was up 16 cents, or 0.3 percent, at $54.49 a barrel...

    Bypassing Ukraine: Gazprom reports on signing another deal on TurkStream pipeline
    Feb21

    Bypassing Ukraine: Gazprom reports on signing another deal on TurkStream pipeline

    A contract has been signed in Amsterdam on construction of the second string of the offshore section of TurkStream pipeline, which is planned to be laid across the Black Sea bypassing Ukraine. ”South Stream Transport B.V. and Allseas Group today signed in Amsterdam a contract to build the second string of the TurkStream gas pipeline`s offshore...

    UkrAgroConsult: Ukrainian soybean growers expect rise in output
    Feb21

    UkrAgroConsult: Ukrainian soybean growers expect rise in output

    President of the Ukrainian Soybean Producer Association Viktor Tymchenko predicts Ukrainian soybean complex production is to continue steadily growing in the near term, according to UkrAgroConsult. The upward trend will be observed not only in soybean production but also in soybean processing, UkrAgroConsult said. Soybean production in Ukraine...

    U.S. crude prices rise as investors bet big on oil strength
    Feb21

    U.S. crude prices rise as investors bet big on oil strength

    U.S. crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year, according to Reuters. U.S. West Texas Intermediate crude CLc1 was up 27 cents, or 0.5 percent, at $53.67 a barrel at 0511 GMT (12:11 a.m. ET) , after rising about 0.5 percent in a...

    Ukraine spends UAH 96 bln on debt servicing in 2016
    Feb21

    Ukraine spends UAH 96 bln on debt servicing in 2016

    The costs of servicing Ukraine`s public debt in 2016 amounted to UAH 95.8 billion, which is UAH 11.3 billion, or 13.4% more than in 2015 (UAH 84.5 billion), the State Treasury data at UNIAN news agency`s disposal say. According to the report, the costs of servicing domestic public debt amounted to UAH 62.6 billion and those of servicing the...

    Oil prices flatline as U.S. drilling counters OPEC output cuts
    Feb20

    Oil prices flatline as U.S. drilling counters OPEC output cuts

    Oil prices held steady on Monday as investors gauged whether an increase in U.S. drilling rigs and record stockpiles would undermine efforts by producers to cut output and bring the market into balance, according to Reuters. Brent futures LCOc1 were down 5 cents at $55.75 a barrel at 0245 GMT, while U.S. West Texas Intermediate crude CLc1 was...

    IMF offers Ukraine 3-year freeze of minimal wage – Ukrainian Social Policy Minister
    Feb17

    IMF offers Ukraine 3-year freeze of minimal wage – Ukrainian Social Policy Minister

    Ukrainian Social Policy Minister Andriy Reva said that the International Monetary Fund (IMF) offered Ukraine to refrain from raising the minimum wage within the next three years. ”If we raise the minimum pension by 10% this year, we should increase the minimum wage for at least 15%. What can we see in the draft Memorandum [with the IMF]? [We have...

    Ukraine wants to go cashless but the black market rules – Bloomberg
    Feb16

    Ukraine wants to go cashless but the black market rules – Bloomberg

    The timing was far from ideal, according to Bloomberg. Shortly after Ukraine slapped curbs on cash transactions to help rein in the grey economy, the head of the nation`s tax service told reporters he won`t entrust his savings to banks, Volodymyr Verbyany wrote in the article titled ”Ukraine Wants to Go Cashless But the Black Market Rules,”...

    Ukrainian Government not to raise retirement age – Deputy Prime Minister of Ukraine
    Feb16

    Ukrainian Government not to raise retirement age – Deputy Prime Minister of Ukraine

    Deputy Prime Minister of Ukraine Pavlo Rozenko says the question of raising the retirement age in Ukraine has been withdrawn from the agenda of the government and the IMF, Espreso.TV reports. ”The government has withdrawn the retirement age issue for now, clearly stating its position. It will not make any proposals to increase the retirement age...

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