: :inin Kyiv (EET)

Section: Economy

    S&P positive about withdrawal of 80 banking licenses in Ukraine by National Bank of Ukraine
    Dec13

    S&P positive about withdrawal of 80 banking licenses in Ukraine by National Bank of Ukraine

    S&P Global Ratings notes an improvement in Ukraine`s banking sector and says it views positively the withdrawal of 80 banking licenses. ”Conditions in the financial sector have improved but further recovery will be slow due to high credit risk. We view positively the withdrawal of 80 banking licenses due to a lack of transparency regarding...

    The official hryvnia exchange rate is cut by NBU to UAH 26.17 to dollar
    Dec13

    The official hryvnia exchange rate is cut by NBU to UAH 26.17 to dollar

    The National Bank of Ukraine on Monday evening lowered the official hryvnia exchange rate by 30 kopiykas, bringing the national currency to UAH 26.17 to the dollar. The Central Bank set the following official exchange rates of the hryvnia against leading foreign currencies for December 13: $100 costs UAH 2,617.1129 (on December 12, it was UAH...

    Oil prices are stable but can turn negative very quickly
    Dec13

    Oil prices are stable but can turn negative very quickly

    Oil prices were stable on Tuesday, buoyed by soaring demand in Asia and as signs of a crude production cut organized by OPEC and other exporters materialized, tightening a market that has been grappling with years of oversupply, according to Reuters. International Brent crude LCOc1 was trading at $55.67 per barrel at 0430 GMT, virtually unchanged...

    Ukrtransgaz: the Russian gas monopoly Gazprom continues to violate conditions of gas transit contract
    Dec13

    Ukrtransgaz: the Russian gas monopoly Gazprom continues to violate conditions of gas transit contract

    Gazprom continues to violate conditions of gas transit contract – UkrtransgazThe Ukrainian company intends to publish information about the pressure at the entrance to Ukraine`s gas transportation systems each Tuesday in order to inform its European partners and the public. The Russian gas monopoly Gazprom continues to violate the terms of...

    The Ministry of Economic Development and Trade of Ukraine forecasts inflation at 13%-13.6% in 2016
    Dec12

    The Ministry of Economic Development and Trade of Ukraine forecasts inflation at 13%-13.6% in 2016

    The Ministry of Economic Development and Trade of Ukraine forecasts the inflation rate December to December at 13.6% in connection with a moderate rise in prices due to a seasonal increase in demand, a slight tension in the foreign exchange market, and the rise in world commodity prices volatility. ”The risk of increasing inflation in the coming...

    S&P forecasts when Ukraine may get new tranche from IMF
    Dec12

    S&P forecasts when Ukraine may get new tranche from IMF

    S&P Global Ratings expects that Ukraine is likely to receive a new disbursement from the International Monetary Fund (IMF), Ukraine`s key lender, in the first half of 2017. ”Since the beginning of last year, the IMF has disbursed over US$7.6 billion of the $17.5 billion available under the four-year Extended Fund Facility (EFF) program.  Our...

    Hryvnia weakens to UAH 26.21 to dollar on interbank market
    Dec12

    Hryvnia weakens to UAH 26.21 to dollar on interbank market

    Hryvnia quotations against the dollar on the interbank currency market on Monday fell to UAH 26.16/26.21 to the dollar by the middle of trade, a broker at a commercial bank has told an UNIAN correspondent. Hryvnia quotes against the euro have settled at UAH 27.7139/27.8557, while those against the Russian ruble have settled at UAH 0.4061/0.4071....

    S&P forecast for Ukraine: Economy to grow by 1% amid 14% inflation by end of 2016
    Dec12

    S&P forecast for Ukraine: Economy to grow by 1% amid 14% inflation by end of 2016

    Standard & Poors Global ratings forecasts that Ukraine`s economy may grow by 1% by the end of the current year amid 14% inflation and the average annual forex rate set at UAH 25.6 per U.S. dollar. The rating agency projects that Ukraine`s macroeconomic situation will improve, and its economic growth will be between 2.3-2.9% by 2019 while...

    Rescuers save 1,164 migrants in Mediterranean, find 6 bodies
    Dec12

    Rescuers save 1,164 migrants in Mediterranean, find 6 bodies

    Rescuers plucked 1,164 people from rubber and wooden boats in the Mediterranean under heavy thunderstorms on Sunday and recovered six dead bodies during the operations, relief services said, according to Reuters. Italian coastguard and naval ships, a vessel from the European Union`s anti-smuggling mission and private aid groups rescued the people...

    Oil prices soar on global producer deal to cut crude output
    Dec12

    Oil prices soar on global producer deal to cut crude output

    Oil prices shot to their highest levels since mid-2015 on Monday after OPEC and other producers reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up markets, according to Reuters. Brent crude, the international benchmark for oil prices, soared to $57.89 per barrel in overnight trading between...

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