: :inin Kyiv (EET)

Section: Economy

    Sanctions against Russia over Ukraine must be extended – Merkel
    Dec13

    Sanctions against Russia over Ukraine must be extended – Merkel

    German Chancellor Angela Merkel said on Tuesday sanctions against Russia over the crisis in eastern Ukraine would have to be extended because of a lack of progress in implementing the Minsk ceasefire agreement, according to Reuters. ”It will be necessary to extend the sanctions against Russia again – although we would have wished for better...

    Ukraine`s 3 biggest state companies owe US$2.45 bln to banks
    Dec13

    Ukraine`s 3 biggest state companies owe US$2.45 bln to banks

    Ukraine`s three biggest state-owned companies – NJSC Naftogaz of Ukraine, JSC Ukrzaliznytsia and NAEC Energoatom – account for 74%, or UAH 64 billion ($2.45 billion), of the total debt all the state-run companies owe to Ukrainian banks, according to the National Bank of Ukraine (NBU). The total debt is estimated at UAH 87 billion, or $3.32...

    Hryvnia strengthens to UAH 26.11 to dollar on interbank market
    Dec13

    Hryvnia strengthens to UAH 26.11 to dollar on interbank market

    Hryvnia quotations against the dollar on the interbank currency market on Tuesday strengthened to UAH 26.07/26.11 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 27.6915/27.7340, while those against the Russian ruble have settled at UAH...

    SWIFT confirms new cyber attacks, hacking tactics
    Dec13

    SWIFT confirms new cyber attacks, hacking tactics

    Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February`s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their tactics, according to a SWIFT official and a previously undisclosed letter the organization sent to banks worldwide, Reuters reported....

    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...

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