: :inin Kyiv (EET)

Section: Economy

    Ukraine boosting corn starch production and exports
    Dec29

    Ukraine boosting corn starch production and exports

    Ukraine continues boosting production and exports of corn starch. So, more than 8.73 KMT of corn starch was produced in the country in November, or 60% more than in November 2015 (5.46 KMT), according to UkrAgroConsult. Ukraine`s corn starch output increased 22% in 2016 year-on-year, to 62.28 KMT against 50.98 KMT at the same time in 2015,...

    Monetization of subsidies to allow launching gas market for households – Naftogaz CEO
    Dec29

    Monetization of subsidies to allow launching gas market for households – Naftogaz CEO

    Monetization of subsidies that Ukraine`s population gets from the state to cover the utility costs will allow launching the natural gas market for the population, which will result in consumers being able to choose their gas supplier, Naftogaz CEO Andriy Kobolev said at a meeting with journalists December 28. ”The key to the launch of the gas...

    Gazprom continues to violate contractual obligations on gas transit – Ukrtransgaz
    Dec29

    Gazprom continues to violate contractual obligations on gas transit – Ukrtransgaz

    Russian energy giant Gazprom, which transits its gas to the EU via Ukraine, continues to violate the agreements on gas pressure values, decreasing the pressure on the entry to the Ukrainian gas transport system at the eastern border, according to Ukrtransgaz spokesman Maksym Beliavskiy. ”Gazprom continues to violate contractual pressure values:...

    Sanctions will hit Russia hard after cyber attacks – U.S. Senator Graham
    Dec28

    Sanctions will hit Russia hard after cyber attacks – U.S. Senator Graham

    A U.S. senator said on Wednesday that Russia and President Vladimir Putin could expect sanctions after cyber attacks during the U.S. presidential election in November, Reuters reported. ”You can expect that the Congress will investigate the Russian involvement in our elections and […] there will be bipartisan sanctions coming that will hit...

    The National Bank of Ukraine sold up to $100 mln to maintain the hryvnia exchange rate
    Dec28

    The National Bank of Ukraine sold up to $100 mln to maintain the hryvnia exchange rate

    The National Bank of Ukraine on its official website reports that in the foreign exchange auction on December 28, 2016 sold $96.8 million to the Ukrainian banks. The Head of the Department of public markets, the NBU Serhiy Ponomarenko said: “On the interbank market continues to experience a temporary excess demand for foreign currency,...

    Cabinet restructures OPP`s UAH 1.5 bln debt to Naftogaz
    Dec28

    Cabinet restructures OPP`s UAH 1.5 bln debt to Naftogaz

    The Cabinet of Ministers of Ukraine at its meeting December 28 restructured the debt of Odesa Portside Chemical Plant (OPP) before the National Joint Stock Company Naftogaz of Ukraine for the gas consumed in the amount of UAH 1.5 billion. The decision was taken at a Cabinet meeting Wednesday, December 28. ”Now the OPP together with the State...

    Ukraine has adopted a decision to reduce import of Russian fertilizers
    Dec28

    Ukraine has adopted a decision to reduce import of Russian fertilizers

    The press service of the Ministry of Economic Development and Trade reported that the Interdepartmental Commission on International Trade has adopted a decision to impose anti-dumping duties on imports of nitrogen fertilizers from the Russian Federation. “Soon the government would send a bill on measures to diversify fertilizer supplies via...

    Ukraine Parliament publishes state budget 2017
    Dec28

    Ukraine Parliament publishes state budget 2017

    The Verkhovna Rada of Ukraine has published on its website the law on the state budget of Ukraine for 2017 with the limit deficit at UAH 77.5 billion, or 3% of GDP. The document status reads that the law published was passed in parliament on December 21, while its transitional provisions say that the legislation comes into force on January 1,...

    National Bank of Ukraine provides PrivatBank with another UAH 10 bln loan
    Dec28

    National Bank of Ukraine provides PrivatBank with another UAH 10 bln loan

    The National Bank of Ukraine provided the recently nationalized PrivatBank with a UAH 10 billion refinancing loan to support liquidity, the central bank`s press service told UNIAN. Data on loan parameters, including its term, interest rate, and collateral, belong to the category of a bank secret, according to Law of Ukraine ”On banks and banking...

    Court intervenes in gas dispute, says Polish utility – Deutsche Welle
    Dec28

    Court intervenes in gas dispute, says Polish utility – Deutsche Welle

    Polish energy concern PGNiG says it`s won a European Court of Justice stay on high-volume gas deliveries by Russia`s Gazprom through the pipeline ”OPAL.” The conduit forwards supplies to the Czech Republic and Germany, according to Deutsche Welle. A European Commission decision in October to enlarge a previous 50-percent cap of Gazprom deliveries...

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