Section: Latest news

      Ukraine Needs to Stop Dragging its Feet on Privatization
      Jun01

      Ukraine Needs to Stop Dragging its Feet on Privatization

      State-owned enterprises remain Ukraine’s Achilles’ heel. They are where political corruption spirals out of control with cronyism and backroom deals, and it is time to put an end to it. Privatization is the only real solution. No one has ever been popular by selling state assets and the timing is never right. Yet these companies...

      Egypt may allow imports of Ukrainian beef
      Jun01

      Egypt may allow imports of Ukrainian beef

      Egypt and Ukraine are agreeing a draft veterinary certificate which will allow Ukrainian producers to supply chilled and frozen boneless beef to the Egyptian market, the press service of the Ukrainian State Service for Food Safety and Consumer Rights Protection reported.”The Ukrainian side has submitted for consideration of Egyptian colleagues a...

      Klitschko: Kyiv has potential to become global city of Eastern Europe
      Jun01

      Klitschko: Kyiv has potential to become global city of Eastern Europe

      Kyiv has a potential to grow into a global city of the Eastern Europe, Kyiv Mayor Vitaliy Klitschko commented upon arrival in the United States, where he will participate in Chicago Forum on Global Cities, according to the press service of the mayor.”Kyiv definitely has a potential to become a global city. The issue is to utilize this potential...

      Hryvnia strengthens to UAH 25.11 to dollar on interbank market
      Jun01

      Hryvnia strengthens to UAH 25.11 to dollar on interbank market

      Hryvnia quotations against the dollar on the interbank currency market on Wednesday strengthened to UAH 25.07/25.11 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 27.9700/28.0070, while those against the Russian ruble have settled at UAH...

      Former Miss Turkey gets 14-month suspended sentence for insulting Erdogan
      Jun01

      Former Miss Turkey gets 14-month suspended sentence for insulting Erdogan

      A former Miss Turkey was handed a 14-month suspended prison sentence on Tuesday for insulting President Tayyip Erdogan through a poem she shared on Instagram, the latest of at least a dozen Turks to face such a sentence, Reuters reports.An Istanbul court found model Merve Buyuksarac, 27, guilty of insulting a public official but suspended the...

      Gazprom production costs stay the world`s lowest
      Jun01

      Gazprom production costs stay the world`s lowest

      Deputy Chairman of Gazprom`s Board of Executive Directors Alexander Medvedev says Gazprom is one of the world`s lowest-cost gas producers (about $20 per 1,000 cubic meters) despite the fact that the company engages in the development of new difficult-to-access fields, according to Russian newspaper Vedomosti.”We have seen prices at a level of $65...

      HRW urges Ukraine to drop ban on 17 Russian journos, respect media freedom
      Jun01

      HRW urges Ukraine to drop ban on 17 Russian journos, respect media freedom

      Ukrainian authorities should immediately drop a ban on 17 Russian journalists and protect media freedom, Human Rights Watch said on Wednesday.On May 27, 2016, Ukrainian President Petro Poroshenko signed a decree to implement a May 20 National Security and Defense Council resolution barring 17 Russian reporters, editors, and media executives from...

      Consolidated budget deficit grows to $354 mln in April
      Jun01

      Consolidated budget deficit grows to $354 mln in April

      The deficit of Ukraine`s consolidated budget in April 2016 amounted to UAH 8.9 billion, or $354 million, which translated into a consolidated budget deficit of UAH 5.1 billion, or $203 million, in the first quarter of 2016, according to the National Bank of Ukraine (NBU).The growth of the consolidated budget deficit was due to a significant...

      Rada chairman: 68 children killed, 186 injured amid Russian aggression in Donbas
      Jun01

      Rada chairman: 68 children killed, 186 injured amid Russian aggression in Donbas

      Chairman of Ukraine`s Verkhovna Rada Andriy Parubiy says that 68 children have been killed and 186 have been injured since Russia unleashed military aggression in Donbas, according to an UNIAN correspondent.”Sixty-eight children were killed and 186 children were injured during military aggression in Donetsk and Luhansk regions,” he said at a...

      TASS: Hackers steal more than $25.7 million from Russian banks
      Jun01

      TASS: Hackers steal more than $25.7 million from Russian banks

      Russia`s Federal Security Service (FSB) reports that it jointly with the Russian Interior Ministry has stopped illegal activities of a computer hacker group involved in the creation, distribution and use of malicious software, according to Russian news agency TASS.”Using this software, the perpetrators have stolen more than 1.7 billion rubles...