: :inin Kyiv (EET)

Section: Economy

    Naftogaz gets $500 mln loan secured with World Bank guarantee
    Dec31

    Naftogaz gets $500 mln loan secured with World Bank guarantee

    On 30 December 2016, Naftogaz signed with Citi and Deutsche Bank a euro-denominated revolving credit facility for gas purchase in the equivalent of $500 million, according to the state holding`s press service. ”The facility is secured by the World Bank`s guarantee, which, in turn, is secured by the sovereign guarantee issued within the formation...

    Linseed exports from Ukraine three times lower this season
    Dec31

    Linseed exports from Ukraine three times lower this season

    Linseed exports from Ukraine totaled 4.8 KMT in November 2016/17 that is 14% more than last month (4.2 KMT) and 7% more than in November 2015 (4.5 KMT), UkrAgroConcult reports. Despite November`s upward trend in exports, their three-month total amounted to just a third of the volume exported in the same period last year: 13.3 KMT against 40 KMT,...

    National Bank of Ukraine in December spends $120 mln to support hryvnia
    Dec30

    National Bank of Ukraine in December spends $120 mln to support hryvnia

    The National Bank of Ukraine in forex auctions in December sold $119.4 million more than it bought, the NBU`s press service reports. According to the regulator, in the past month the NBU held three auctions for foreign currency sale, having purchased $115 million. At the same time, the central bank held another five auctions where it sold $234.4...

    Odesa Portside Chemical Plant suspends operations due to high gas prices, debts
    Dec30

    Odesa Portside Chemical Plant suspends operations due to high gas prices, debts

    Due to the high price of natural gas, a decision was made on the temporary suspension of operations of the plant`s capacities and facilities until repayment of existing debt. Ukraine`s major chemical company Odesa Portside Chemical Plant” (OPP) has announced it is halting operations due to high gas prices and its debt to Naftogaz of Ukraine in...

    National Bank of Ukraine reports 10% rise in money transfers into Ukraine in 3Q 2016
    Dec30

    National Bank of Ukraine reports 10% rise in money transfers into Ukraine in 3Q 2016

    The volume of private transfers to Ukraine in the third quarter of 2016 amounted to $1.438 billion, which is $127 million, or 9.7% more than in the same quarter of 2015, according to the NBU website. The NBU says that compared with the previous quarter, the volume of private transfers to Ukraine in the third quarter increased by $69 million, or...

    ”Economic iintelligence expert from Moscow” to take part in National Bank audit of PrivatBank`s Cyprus branch
    Dec30

    ”Economic iintelligence expert from Moscow” to take part in National Bank audit of PrivatBank`s Cyprus branch

    Deputy head of the NBU audit inspection at the Cyprus branch of the recently nationalized PrivatBank was appointed Mikhail Lastovsky, the economist close to the Russian government, co-director of the group on corruption risks analysis at the coordination commission of Russia`s ”Open Government”, that`s according to a creative producer of 1+1`s...

    Ukrainians overqualified for Polish job market
    Dec30

    Ukrainians overqualified for Polish job market

    About a third of Ukrainians coming to Poland for work are university educated, but only some 5,000 out of more than a million Ukrainians found a suitable job in 2016, a new report shows, according to Radio Poland. Polish employers are eager to hire Ukrainians mostly for manual labor, often at construction sites, because their salary expectations...

    Living wage in 2017 will be increased to USD 65 – Ministry of Social Policy of Ukraine
    Dec30

    Living wage in 2017 will be increased to USD 65 – Ministry of Social Policy of Ukraine

    The government will raise the living wage for able-bodied persons in 2017 in three stages – up to UAH 1,762, Minister of Social Policy of Ukraine Andriy Reva said on a conference call about raising the minimum wage from January 1, 2017. ”The living wage for able-bodied persons is set at UAH 1,600 from January 1, 2017, UAH 1,684 from May 1, and...

    U.S. announced new sanctions on Russia in response to election interference
    Dec30

    U.S. announced new sanctions on Russia in response to election interference

    U.S. President Barack Obama took unprecedented steps Thursday retaliating against what the administration described as ”Significant Malicious Cyber-Enabled Activities,” including sanctioning six Russian individuals and five Russian entities, according to CNN. This is the first time the names of Russian officials involved in the hacking have...

    Naftogaz should get rid of oil production assets in Egypt – Naftogaz CEO
    Dec29

    Naftogaz should get rid of oil production assets in Egypt – Naftogaz CEO

    NJSC Naftogaz of Ukraine should get rid of its oil production assets in Egypt as unprofitable, the company CEO, Andriy Kobolev, told journalists Thursday, December 28. ”It [the oil production business in Egypt] could be developed or we could quit it… I think we should quit it,” said Kobolev, adding that today this business does not bring...

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