: :inin Kyiv (EET)

Section: Economy

    World Bank temporarily takes away $220 mln from Ukravtodor
    Dec05

    World Bank temporarily takes away $220 mln from Ukravtodor

    The World Bank has decided to temporarily take about $220 million from the loan portfolio of the State Agency of Automobile Roads (Ukravtodor), the World Bank Country Director for Belarus, Moldova, and Ukraine Satu Kahkonen said during a meeting with Ukravtodor CEO Slawomir Nowak, the press-service of the agency said. ”With respect to funding, in...

    Finance Ministry changes rules of registration, filing complaints by taxpayers
    Dec04

    Finance Ministry changes rules of registration, filing complaints by taxpayers

    The Ministry of Finance has improved with an order enforced Nov 25 the process of drafting and filing complaints by taxpayers and their review by the authorities of the State Fiscal Service, according to a report on the ministry website. In particular, the taxpayers can now file petitions for the public consideration of the complaint, with media...

    Russian central bank loses $31 million in cyber attack
    Dec04

    Russian central bank loses $31 million in cyber attack

    Hackers stole more than RUB 2 billion ($31 million) from correspondent accounts at the Russian central bank, the bank said on Friday, the latest example of an escalation of cyber attacks on financial institutions around the globe. Central bank official Artyom Sychyov discussed the losses at a briefing, saying that the hackers had attempted to...

    Forum in Tel-Aviv to kick off Israeli-Ukrainian business Alliance
    Dec04

    Forum in Tel-Aviv to kick off Israeli-Ukrainian business Alliance

    An Israeli-Ukrainian Entrepreneurship Forum will take place in in Tel Aviv on 14-15 December 2016. The Forum offers a new focus for research on the challenges of meeting Israeli-Ukrainian business demands for the sustainable development, according to EuromaidanPress. The purpose of the Forum is to create conditions for a potential partnership in...

    U.S. Congress approves defense budget for 2017, providing for military aid to Ukraine
    Dec03

    U.S. Congress approves defense budget for 2017, providing for military aid to Ukraine

    The United States plans to expand military cooperation with Ukraine, in particular, to provide the equipment and technical support to the State Border Guard Service of Ukraine, as stated in the draft U.S. defense budget for 2017, approved by the lower house of Congress, according to Deutsche Welle. The document was adopted by an overwhelming...

    NBU: Loss of Ukrainian banks shrinks by 4.3 times since year-start
    Dec03

    NBU: Loss of Ukrainian banks shrinks by 4.3 times since year-start

    The Ukrainian banks see losses at UAH 12.6 billion from the beginning of the year, which is 4.3 times less than in the previous year, the National Bank of Ukraine reported on its website. The total operating loss of Ukrainian banks amounted to UAH 12.6 billion in January-October 2016, which is 4.3 times lower than in the same period last year at...

    NBU estimates Ukraine`s international reserves at $15.3 bln as of Dec 1
    Dec02

    NBU estimates Ukraine`s international reserves at $15.3 bln as of Dec 1

    The National Bank of Ukraine estimates the country`s international reserves as of December 1 at about US$15.3 billion. ”We estimate reserves we plan to have as of December 1 at about $15.3 billion. Perhaps, this figure could be adjusted later, but it is about $15.3 [billion],” NBU Deputy Governor Oleh Churiy said on Thursday, December 1. Speaking...

    Hryvnia weakens to UAH 25.95 to dollar on interbank market
    Dec02

    Hryvnia weakens to UAH 25.95 to dollar on interbank market

    Hryvnia quotations against the dollar on the interbank currency market on Friday fell to UAH 25.88/25.95 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 27.5531/27.5932, while those against the Russian ruble have settled at UAH 0.4025/0.4035....

    Ukraine posts balance of payments surplus worth US$1.1 bln in 10 months
    Dec02

    Ukraine posts balance of payments surplus worth US$1.1 bln in 10 months

    Ukraine posted US$1.098 billion in the surplus of the balance of payments January through October 2016, which was five times higher than the surplus posted in the same period of 2015 at $227 million, according to the National Bank of Ukraine (NBU). The surplus of the balance of payments in October 2016 alone stood at $91 million. The current...

    National Bank of Ukraine: Ukraine`s forex reserves will shrink without IMF loans
    Dec02

    National Bank of Ukraine: Ukraine`s forex reserves will shrink without IMF loans

    Governor of the National Bank of Ukraine (NBU) Valeriya Gontareva says that giving up support of the International Monetary Fund (IMF) and other international donors will translate into a reduction in Ukraine`s forex and gold reserves, which threatens the country`s financial stability, according to a posting on the NBU`s website. ”It`s extremely...

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