Section: Economy

      Forbes`s billionaires ranking includes six Ukrainian tycoons
      Mar26

      Forbes`s billionaires ranking includes six Ukrainian tycoons

      The annual ranking of the World`s Billionaires by Forbes has included six Ukrainian tycoons, according to the influential U.S. magazine Forbes. Oligarch Rinat Akhmetov has become the richest man among the Ukrainians presented in the 2017 ranking. His assets doubled in the past year. His fortune increased from $2.3 billion to $4.6 billion, while...

      U.S. imposes sanctions against eight Russian companies
      Mar26

      U.S. imposes sanctions against eight Russian companies

      The U.S. government has imposed sanctions on eight other Russian companies accusing them of violating U.S. non-proliferation law regarding Iran, North Korea and Syria since 2009, according to U.S. official. The following companies were included in the black list: Rosoboronexport, 150th Aircraft Repair Plant, Aviaexport foreign economic trade...

      Ukrainian agricultural boom: Why it matters to Irish farmers
      Mar25

      Ukrainian agricultural boom: Why it matters to Irish farmers

      Ukraine has officially reported yet another record grain harvest for 2016, exceeding 66 million tonnes in the process, according to AgriLand. Of this, wheat accounted for 26.8 million tonnes, maize came in at 28 million tonnes and the barley harvest amounted to 9.9 million tonnes. Aside, 4.3 million tonnes of soy bean were also harvested,...

      Verkhovna Rada of Ukraine simplifies banks` recapitalization, restructuring
      Mar25

      Verkhovna Rada of Ukraine simplifies banks` recapitalization, restructuring

      The Verkhovna Rada of Ukraine March 23 adopted bill No.6010 on simplification of procedures for the banks` capitalization and restructuring, according to an UNIAN correspondent. Presenting the bill in the Rada, First Deputy Head of the Parliamentary committee on finance and banking policy Mykhailo Dovbenko said that this bill would allow...

      Ukraine`s state debt exceeds $71 bln
      Mar25

      Ukraine`s state debt exceeds $71 bln

      Ukraine`s state and government-guaranteed debt, estimated in U.S. dollars, rose by 0.3%, to US$71.21 billion, as of January 31, according to the Ukrainian Finance Ministry`s website. The debt in the hryvnia equivalent grew by 0.05% in January 2017, to UAH 1.931 trillion. The ministry claims that the main reason for the growth of the national debt...

      Ukraine`s Verkhovna Rada passes bill on state investment projects
      Mar24

      Ukraine`s Verkhovna Rada passes bill on state investment projects

      Ukraine`s Verkhovna Rada has adopted a draft law on state investment projects, which provides for the decentralization of decision-making on investment. Some 234 deputies supported the document with the required minimum being 226 votes. ”The purpose of the bill is to increase the efficiency of state investment in Ukraine, which, unfortunately, is...

      NBU says 37 banks should raise charter capital to $7.4 mln by July 11
      Mar24

      NBU says 37 banks should raise charter capital to $7.4 mln by July 11

      The National Bank of Ukraine (NBU) says that 37 Ukrainian banks should increase their charter capital to at least UAH 200 million, or US$7.4 million, by July 11, 2017, according to the NBU`s website. The newly adopted law on simplification of bank capitalization and reorganization, passed by the Verkhovna Rada on March 23, 2017, deals mainly with...

      Ukraine`s economy ministry reports 4.6% decline in exports in 2016
      Mar24

      Ukraine`s economy ministry reports 4.6% decline in exports in 2016

      The Ukrainian Economic Development and Trade Ministry says the country`s exports in 2016 fell by 4.6%, or US$1.8 billion, from 2015, which coincides with the State Statistics Service`s estimates, according to the ministry`s press service. ”Negative trends [in exports] are due to the unstable political and economic situation in certain regions of...

      Industrial output in Ukraine drops 4.6% following January growth
      Mar24

      Industrial output in Ukraine drops 4.6% following January growth

      Ukraine`s industrial output in February 2017 fell by 4.6% in annual terms, without taking into account the adjustment for the calendar days effect, after rising 5.6% a month earlier, according to the State Statistics Service. Taking into account the calendar days effect adjustment, the fall in industrial output in February was 1.7% in annual...

      IMF technical mission arrives in Ukraine – Finance Ministry
      Mar24

      IMF technical mission arrives in Ukraine – Finance Ministry

      Technical mission of the International Monetary Fund has started its work in Ukraine, according to the Ministry of Finance of Ukraine. According to the Finance Ministry, among the key issues on the agenda is the assessment and recommendations on the concept of development of the State Fiscal Service, which was developed by the ministry together...