: :inin Kyiv (EET)

Section: Economy

    IMF mission starts work in Kyiv – resident representative office
    May18

    IMF mission starts work in Kyiv – resident representative office

    A new mission of Ukraine`s key lender, the International Monetary Fund (IMF), arrived in Kyiv and started work on May 16, as was planned earlier, according to the IMF Resident Representative Office in Ukraine. The current mission will analyze the country`s implementation of the Extended Fund Facility (EFF), which could result in the fourth review...

    Ukraine`s property fund asks court to undo Ukrtelecom privatization
    May18

    Ukraine`s property fund asks court to undo Ukrtelecom privatization

    Ukraine`s State Property Fund (SPF) has lodged a lawsuit with a Kyiv-based economic court against Ukrainian businessman Rinat Akhmetov`s ESU company and the State Export-Import Bank of Ukraine to cancel the sale of shares of Ukraine`s telecoms giant Ukrtelecom and recover UAH 2.17 billion, or US$82.1 million, in fines, according to the SPF`s...

    Ukraine`s Naftogaz pays back the Europeans as Russian influence dwindles – Forbes
    May17

    Ukraine`s Naftogaz pays back the Europeans as Russian influence dwindles – Forbes

    Ukraine is making good on its debts with the European Union. This time it`s Naftogaz, arguably the country`s most important company, paying off a $300 million loan it had with the European Bank for Reconstruction and Development (EBRD) on Tuesday, according to Forbes. Naftogaz used the funds between July and September, but the EBRD loan option...

    Ukrainian Railways plans five-year investment program – media
    May17

    Ukrainian Railways plans five-year investment program – media

    Ukraine`s state-owned JSC Ukrzaliznytsia railways operator has presented its five-year development strategy for 2017-21, which includes investment of UAH 130 billion to UAH 150 billion, and the formation of five business sectors: freight transport and logistics, passenger transport, infrastructure, traction services, manufacturing and services,...

    Bitcoin, dash payments could soon cover 80% of Ukraine merchant terminals
    May17

    Bitcoin, dash payments could soon cover 80% of Ukraine merchant terminals

    A project aiming to introduce Bitcoin and Dash payments across the Ukrainian retail sector has gained over $20,000 funding, CoinTelegraph reports. The as yet unnamed initiative, which began as a proposal on the Dash Central platform, now has 255 Dash ($21,500) at its disposal and has partnered with backend clients to make consumer payments...

    Former Privatbank owner: PrivatBank`s billions ”disappeared” under ”close supervision” by National Bank deputy governor
    May16

    Former Privatbank owner: PrivatBank`s billions ”disappeared” under ”close supervision” by National Bank deputy governor

    Ukrainian businessman Ihor Kolomoisky, one of the former stockholders of Ukraine`s largest PrivatBank, has commented on the investigation by Skhemy (Schemes) journalists, stating that shortly before the bank`s nationalization in December 2016, some UAH 110 billion, or US$4.16, had been withdrawn to the accounts of front companies. See also:...

    China interested in modernization of state coal mines in Ukraine
    May16

    China interested in modernization of state coal mines in Ukraine

    Chinese-based Sany Heavy Industry has shown interest in the modernization of Ukrainian state-owned coal mines with the high degree of machinery and equipment wear and tear, according to the Ukrainian Energy and Coal Industry Ministry`s website. ”Chinese companies have shown interest in upgrading Ukrainian coal enterprises. During a visit to...

    Ukrainian operator of nuclear power plants boosts revenue from electricity sales by 21% in four months
    May16

    Ukrainian operator of nuclear power plants boosts revenue from electricity sales by 21% in four months

    State-run Energoatom, the operator of Ukrainian-based nuclear power plants, boosted revenue from electricity sales by 21% in January-April 2017 year-over-year (y-o-y), to UAH 16.835 billion, or US$636 million, according to the company`s report. Payments of the wholesale electricity market for energy supplied by Energoatom in the four months of...

    European Investment Bank could lend EUR 160 mln to Kharkiv subway for 3.5km extension
    May15

    European Investment Bank could lend EUR 160 mln to Kharkiv subway for 3.5km extension

    The European Investment Bank (EIB) could lend EUR 160 million to the city of Kharkiv for a 3.5 kilometer extension of the Oleksiivska subway line and the construction of the Derzhavynska and Odeska stations, according to the EIB`s website. The total cost of the project is EUR 320 million. At the same time, the EIB noted that the project...

    China to repair collapsed bridge in Kyiv and build new one near Kremenchuk
    May15

    China to repair collapsed bridge in Kyiv and build new one near Kremenchuk

    Ukrainian delegates led by First Deputy Prime Minister of Ukraine, Minister of Economic Development and Trade Stepan Kubiv and China Road and Bridge Corporation`s management have agreed in Beijing on the reconstruction of Kyiv`s Shuliavsky overpass and the construction of a bridge near the Ukrainian city of Kremenchuk, according to the Ukrainian...

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