Section: Latest news

      Fitch affirms Naftogaz at ”CCC,” predicts average import price at $200/mcm
      Apr25

      Fitch affirms Naftogaz at ”CCC,” predicts average import price at $200/mcm

      Fitch Ratings has affirmed NJSC Naftogaz of Ukraine`s (Naftogaz) Long-term foreign and local currency Issuer Default Ratings (IDR) at ”CCC,” Fitch Ratings said in a press release. ”Naftogaz`s ratings reflect its strong links with the state of Ukraine (CCC), its sole shareholder, its weak though gradually improving financial profile and its...

      Ukraine resumes gas imports from Hungary
      Apr25

      Ukraine resumes gas imports from Hungary

      On April 21, Ukraine resumed the import of natural gas from Hungary, according to PJSC Ukrtransgaz, the operator of Ukraine`s gas transportation system.The company reports that on April 21, the daily volume of gas imports from Hungary amounted to 2.207 million cubic meters (mcm), which was almost two times less than the supplies before the...

      Oschadbank gets UAH 112 mln profit in 1Q 2016
      Apr25

      Oschadbank gets UAH 112 mln profit in 1Q 2016

      PJSC State Savings Bank of Ukraine Oschadbank received UAH 112 million profits in the first quarter of 2016, which is UAH 25.2 million, or 29% more than the same period last year, the press service of the bank told an UNIAN correspondent. The net interest income for this period amounted to UAH 1.809 billion, while the net fee and commission...

      Dzhemilev: FSB plotted to destabilize Crimea starting 2011
      Apr25

      Dzhemilev: FSB plotted to destabilize Crimea starting 2011

      Russian Federal Security Service (FSB) developed a project to destabilize the situation in Crimea five years ago, Ukrainian President`s Envoy for the Crimean Tatar people, the leader of the Crimean Tatar people, Ukrainian MP Mustafa Dzhemilev said, analyzing the interview with the Den (Day) newspaper, which was published five years ago, according...

      Chinese yuan weakens to 6.5120 against dollar Monday
      Apr25

      Chinese yuan weakens to 6.5120 against dollar Monday

      The central parity rate of the Chinese currency renminbi, or the yuan, weakened 222 basis points to 6.5120 against the U.S. dollar Monday, according to the China Foreign Exchange Trading System, Chinese leading financial and business information provider Xinhua Finance Agency reported.In China`s spot foreign exchange market, the yuan is allowed...

      EC allocates EUR 550 mln for Chernobyl projects since disaster
      Apr25

      EC allocates EUR 550 mln for Chernobyl projects since disaster

      The European Commission has allocated about EUR 550 million for the projects that relate directly to the Chernobyl nuclear power plant since its disaster, a representative of the European Commission Margaritis Schinas said in Brussels on Monday, according to an UNIAN correspondent from Brussels.According to Schinas, after the disaster in 1996,...

      U.S. hopes to develop joint defense production with Ukraine – Pyatt
      Apr25

      U.S. hopes to develop joint defense production with Ukraine – Pyatt

      U.S. Ambassador to Ukraine Geoffrey Pyatt has said that the United States hopes for the development of a joint defense production with Ukraine, which will allow realizing the strategic and business objectives of both countries.The U.S. hopes to continue cooperation and co-production in the defense industry for strategic and commercial purposes,...

      Savchenko`s lawyer to represent Ukrainian lawyers in Moscow
      Apr25

      Savchenko`s lawyer to represent Ukrainian lawyers in Moscow

      Nadia Savchenko`s lawyer Ilya Novikov has chaired the office of the Ukrainian National Bar Association (the NAAU) in Russia. The Ukrainian Lawyers Council approved his candidacy, according to Ukraine Today.The NAAU office in Russia can help look for lawyers to defend Ukrainian citizens in Russia, as well as advise the Russian business, which...

      Guarantee Fund starts liquidation of Petrokommerz-Ukraine Bank
      Apr25

      Guarantee Fund starts liquidation of Petrokommerz-Ukraine Bank

      The Individuals` Deposit Guarantee Fund has launched the procedure of liquidation of Petrocommerz-Ukraine bank, according to the decision of the National Bank to revoke the banking license and liquidation of this financial institution.As reported on the website of the Fund, the liquidation of Petrocommerz-Ukraine will last for two years  until...

      Ukraine`s ex-cop reveals details of his participation in Crimea takeover
      Apr25

      Ukraine`s ex-cop reveals details of his participation in Crimea takeover

      A former employee of the Interior Ministry of Ukraine Volodymyr Mertsalov, who defected to the Russian forces during the occupation of Crimea, has revealed details of the seizure of the peninsula in an interview with Novaya Gazeta.Mertsalov said he had taken the lead of ”militia” and stormed the airport in Simferopol along with the Russian...