: :inin Kyiv (EET)

Section: Economy

    Ukrainians in Feb sell $86 mln more currency than purchase
    Mar10

    Ukrainians in Feb sell $86 mln more currency than purchase

    Net sales of cash foreign currency by Ukrainians through the banking system amounted to $86 million in February, according to the National Bank of Ukraine (NBU) website. In February, the banks sold $186.8 million of cash currency, buying $272.7 million over the same period, the NBU said. It is also reported that in January-February, Ukrainians...

    Oil edges off three-month low, but glut worries fester
    Mar10

    Oil edges off three-month low, but glut worries fester

    Crude prices inched up on Friday after dropping to their lowest in more than three months the session before, pressured by concerns that a global supply glut is proving stubbornly persistent, according to Reuters. U.S. West Texas Intermediate crude (WTI) was up 37 cents, or 0.8 percent, at $49.65 a barrel at 0604 GMT, Reuters said. It fell below...

    Ukraine smelts 3 mln tonnes of steel less in H2 2016 due to railcar shortage
    Mar10

    Ukraine smelts 3 mln tonnes of steel less in H2 2016 due to railcar shortage

    Head of the Ukrmetprom Association Oleksandr Kalenkov says Ukrainian steelmakers smelted about 3 million tonnes of steel less in the second half of 2016 due to JSC Ukrzaliznytsia (UZ) railways operator`s bad performance, according to the Ukrainian-based media outlet RBC-Ukraine. ”In the second half of the year, Ukrzaliznytsia`s operation was the...

    Ukrainian ports` potential assessed by Japan International Cooperation Agency
    Mar10

    Ukrainian ports` potential assessed by Japan International Cooperation Agency

    The seaport ”Yuzhnyi” has the greatest development potential among Ukrainian seaports. It is proved by transport system and logistics analysis of the Southern region, conducted by the working group of Japan International Cooperation Agency (JICA), according to UkrAgroConsult. Among other things, traffic forecast and attractive projects of...

    Ukraine No.1 in Europe in terms of gas reserves – Naftogaz
    Mar09

    Ukraine No.1 in Europe in terms of gas reserves – Naftogaz

    Ukraine`s natural gas reserves in its underground storage facilities amounting to 8.217 billion cubic meters are the largest in Europe, as of March 5, 2017, the press service of the national oil and gas holding, Naftogaz of Ukraine, wrote on Facebook. ”As of early spring, our underground gas storage facilities have the most substantial reserves...

    IMF meeting on Ukraine scheduled for March 20 – spokesman
    Mar09

    IMF meeting on Ukraine scheduled for March 20 – spokesman

    The Ukraine-related meeting of the Executive Board of the International Monetary Fund has been scheduled for March 20, according to the IMF spokesman Gerry Rice. The meeting is scheduled for March 20, Rice said. The Executive Board of Ukraine`s key lender, the IMF, on the issue of allocating another bailout tranche in the amount of $1 billion,...

    Ukraine plans to increase cargo transportation tariffs
    Mar09

    Ukraine plans to increase cargo transportation tariffs

    Ukraine plans to raise cargo transportation tariffs by 25% in 2017, according to a report from UkrAgroConsult. Ukrainian Railways explained this step by increased prices for material resources, fuel, electricity and the necessity to invest in the rolling stock. This triggered a series of discussions among shippers, UkrAgroConsult wrote. Ukrainian...

    Oil prices rise on output cuts, but U.S. stockpiles drag
    Mar09

    Oil prices rise on output cuts, but U.S. stockpiles drag

    Oil prices climbed on Thursday after sharp losses the session before, buoyed by strong compliance with touted international production cuts, although a surge in U.S. crude inventories continued to drag, according to Reuters. The Organization of the Petroleum Exporting Countries (OPEC) and other oil producers reached an agreement last year to cut...

    Ukrainian PM names key IMF recommendations: pension reform, launch of land turnover
    Mar09

    Ukrainian PM names key IMF recommendations: pension reform, launch of land turnover

    Key recommendations of the International Monetary Fund to Ukraine are the implementation of pension reform and the introduction of land turnover, according to Prime Minister Volodymyr Groysman. The prime minister recalled that Ukraine had agreed on an updated Memorandum with the IMF on the cooperation program, and that it includes no provision on...

    Accounting Chamber: Tax debt in Ukraine grows almost fourfold over past 3 years
    Mar08

    Accounting Chamber: Tax debt in Ukraine grows almost fourfold over past 3 years

    Debt on taxes, levies and payments to the state budget of Ukraine increased by 3.8 times in 2014-2016, reaching almost UAH 59 billion, or US$2.18 billion, as of January 1, 2017, according to the website of the Accounting Chamber of Ukraine, referring to the audit report on the effectiveness of tax debt collection, where auditors recognized the...

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