: :inin Kyiv (EET)

Section: Economy

    National Bank of Ukraine cuts official exchange rate to UAH 26.30 to dollar
    Dec15

    National Bank of Ukraine cuts official exchange rate to UAH 26.30 to dollar

    The National Bank of Ukraine on Wednesday evening lowered the official hryvnia exchange rate by 20 kopiykas, bringing the national currency to UAH 26.30 to the dollar. The Central Bank set the following official exchange rates of the hryvnia against leading foreign currencies for December 15: $100 costs UAH 2,630.7416 (on December 14, it was UAH...

    Oil prices stabilize after Fed hike as tighter market looms
    Dec15

    Oil prices stabilize after Fed hike as tighter market looms

    Oil prices stabilized on Thursday as a tighter market looms in 2017 due to planned output cuts led by OPEC and Russia, after sharp declines earlier following Wednesday`s U.S. interest rate increase that drove investors out of commodities, according to Reuters. International Brent crude oil futures were trading at $54.02 a barrel at 0428 GMT, up...

    National Bank of Ukraine names conditions for forex restrictions revision
    Dec15

    National Bank of Ukraine names conditions for forex restrictions revision

    The National Bank of Ukraine will revise market limitations earlier established in order to stabilize the national currency given the favorable conditions, NBU Governor Valeria Gontareva said at a Kyiv conference Wednesday. ”We really want to lift the restrictions, but let`s create the conditions, attract investments. [Let`s] complete at least...

    Lower House of Canadian Parliament ratifies free trade area deal with Ukraine
    Dec14

    Lower House of Canadian Parliament ratifies free trade area deal with Ukraine

    The Lower House of Canada`s Parliament has unanimously ratified the agreement on a free trade area with Ukraine, Ukraine`s Trade Envoy Natalia Mykolska wrote on Twitter Wednesday. ”The Lower Chamber of the Parliament of Canada unanimously ratified the Free Trade Agreement. Then goes the ratification by the Canada Senate. We work very closely with...

    NBU forecasts international reserves at $15.5 bln by year-end
    Dec14

    NBU forecasts international reserves at $15.5 bln by year-end

    The National Bank of Ukraine predicts the volume of international reserves at the end of the year to amount to $15.5 billion, Valeria Gontareva, the NBU Governor, told a Kyiv conference Wednesday. ”At the end of last year, we had reserves at $13.3 billion, and at the end of this [year] they will be at $15.5 billion,” said Gontareva. According to...

    Hryvnia weakens to UAH 26.40 to dollar on interbank market
    Dec14

    Hryvnia weakens to UAH 26.40 to dollar on interbank market

    Hryvnia quotations against the dollar on the interbank currency market on Wednesday fell to UAH 26.30/26.40 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 26.95/27.05, while those against the Russian ruble have settled at UAH 0.4323/0.4343....

    Ukrainian gas giant Naftogaz forecasts $805 mln in profit in 2016
    Dec14

    Ukrainian gas giant Naftogaz forecasts $805 mln in profit in 2016

    Ukraine`s oil and gas giant NJSC Naftogaz of Ukraine expects to earn UAH 21 billion, or about US$805 million, in profit in 2016, according to the company`s CEO. ”It`s about UAH 21 billion,” Naftogaz CEO Andriy Kobolev said on TV. As UNIAN reported earlier, Naftogaz in 2015 posted UAH 25 billion in net loss, whereas in 2014 its net loss was...

    Naftogaz CEO assesses Ukraine`s gas transport system at 30 bln USD
    Dec14

    Naftogaz CEO assesses Ukraine`s gas transport system at 30 bln USD

    Andriy Kobolev, CEO of Ukraine`s oil and gas giant JSC Naftogaz of Ukraine, assesses the value of Ukraine`s gas transport system at US$30 billion. ”We assess it at a figure close to $30 billion,” he said on TV. Kobolev earlier said that the construction of such gas pipelines as the Turkish Stream and Nord Stream 2 – the latter is actively lobbied...

    Putin complains to Merkel of Ukraine`s ”reluctance” to agree on gas purchases
    Dec14

    Putin complains to Merkel of Ukraine`s ”reluctance” to agree on gas purchases

    Russian President Vladimir Putin has complained to German Chancellor Angela Merkel of Ukraine`s ”reluctance” to coordinate an agreement on Russian gas purchases, according to the Kremlin. ”The two leaders continued to discuss the situation around Russian gas deliveries to European consumers via Ukrainian territory. Vladimir Putin again expressed...

    Ukrainians should shrink gas consumption at least threefold – Ukraine PM
    Dec14

    Ukrainians should shrink gas consumption at least threefold – Ukraine PM

    Ukraine in 2017 plans to increase own gas production by 500 million cubic meters and by 2020 to cover all of its fuel needs, Prime Minister Volodymyr Groysman reported via Twitter. ”This year we have increased our own [gas] production by 50 million cubic meters. Next year we will increase it by 500 million cubic meters,” wrote Groysman. ”By 2020,...

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