: :inin Kyiv (EET)

Section: Economy

    Law on setting up independent regulator of energy market to enter into force Dec 8
    Dec07

    Law on setting up independent regulator of energy market to enter into force Dec 8

    The Law on the National Energy and Utilities Regulation Commission, adopted by the Verkhovna Rada of Ukraine September 22, which provides for the establishment of an independent regulator of the energy market of Ukraine in accordance with European regulations, is now published in the Cabinet`s official newspaper Uriadoviy Kurier. The law will...

    Parliament votes for doubled minimum wage
    Dec07

    Parliament votes for doubled minimum wage

    Ukraine`s Verkhovna Rada passed a government-prepared bill doubling the minimum wages to UAH 3,200, or US$123, per capita as of January 1, 2017. Respective bill No. 5130 on amendments to some legal acts of Ukraine was supported by 227 MPs with the required minimum being 226 votes. Presenting the bill, Social Policy Minister Andriy Reva said that...

    ”Attempt to disrupt budget process”: Finance Ministry of Ukraine stops hacker attack on its resources
    Dec07

    ”Attempt to disrupt budget process”: Finance Ministry of Ukraine stops hacker attack on its resources

    The Ministry of Finance of Ukraine has put a halt to a cyberattack on its resources and is now recovering the operative system to avoid possible delays in payments, according to the ministry`s page on Facebook. The Finance Ministry said that since early Tuesday, December 6, its website was non-operational, as well as the website of the State...

    Ukrainian grain exports reach nearly 19 mln tonnes
    Dec07

    Ukrainian grain exports reach nearly 19 mln tonnes

    Ukrainian agrarians from the beginning of the 2016-2017 marketing year (July 2016 – June 2017) have exported 18.8 million tonnes of grain, according to the press service of the Ministry of Agrarian Policy and Food. In particular, 10.2 million tonnes of wheat was exported, barley – about 4 million tonnes, and corn – some 4.6 million tonnes....

    Rada votes for increased excise duties, taxes
    Dec07

    Rada votes for increased excise duties, taxes

    The Verkhovna Rada, Ukraine`s parliament, has adopted a bill as a basis to raise excise duties on alcohol and tobacco and increase rates of some taxes. In particular, lawmakers passed amendments to the Tax Code, which suggest a number of changes in administering VAT, raising rates of excise duties, environmental tax, royalties, and rates for the...

    No peace deal with Gazprom to come in Stockholm arbitration – Naftogaz CEO
    Dec07

    No peace deal with Gazprom to come in Stockholm arbitration – Naftogaz CEO

    Andriy Kobolev, the CEO of Ukraine`s state-owned oil and gas company Naftogaz, does not consider the possibility of reaching an amicable agreement in gas dispute with the Russian gas monopoly Gazprom in the Stockholm arbitration court. ”There were no attempts of a settlement agreement, and it is impossible in this situation, since there is a...

    EU bans imports of Ukrainian poultry due to bird flu
    Dec06

    EU bans imports of Ukrainian poultry due to bird flu

    The European Union has banned imports of Ukrainian poultry meat and products from it due to the registered case of bird flu in Kherson region, the press service of the State Service for Food Safety and Consumer Protection reported. It is also reported that Hong Kong imposed a ban on the supply of Ukrainian eggs. According to the press service,...

    Naftogaz CEO: New gas pipelines bypassing Ukraine to reduce cost of domestic GTS fivefold
    Dec06

    Naftogaz CEO: New gas pipelines bypassing Ukraine to reduce cost of domestic GTS fivefold

    The construction of the Turkish Stream gas pipeline in the form of two lines and the Nord Stream 2, which is actively lobbied by the Russian gas monopoly Gazprom, will deprive Ukraine of a $ billion income a year, as well as lower almost fivefold the cost of the Ukrainian gas transportation system (GTS), Naftogaz CEO Andriy Kobolev told one of...

    Naftogaz CEO: Ukraine may buy Russian gas but only on its own terms
    Dec06

    Naftogaz CEO: Ukraine may buy Russian gas but only on its own terms

    Ukraine may purchase Russian gas in the current heating season, but only on its own terms of price and delivery, Naftogaz CEO Andriy Kobolev said on one of TV channels. ”There is no politics in this issue. This is law and commerce. We are always interested in having a wide range of suppliers. If Gazprom agrees to our conditions, we will sign an...

    Ukraine harvests record high yield of sunflower seeds
    Dec06

    Ukraine harvests record high yield of sunflower seeds

    Ukrainian farmers have harvested 12.9 million tonnes of sunflower seeds this year, which is a record high yield of this crop in the country`s history, according to the Ukrainian Agrarian Policy and Food Ministry. The yield was 1.7 million tonnes up on the pervious year, thus the country is in the lead in terms of sunflower seeds and sunflower oil...

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