Section: Latest news

      Economy Ministry: Ukraine`s shadow economy down to 38% of GDP
      Nov18

      Economy Ministry: Ukraine`s shadow economy down to 38% of GDP

      The level of the shadow economy in Ukraine in the first half of this year fell from 41% recorded in the first quarter to 38%, according to the Ministry of Economic Development and Trade of Ukraine. Deshadowing was made possible due to the strengthening of macroeconomic stability, improvement of the business environment through deregulation, and...

      OSCE SMM: Number of Donbas truce violations 150% up last week
      Nov18

      OSCE SMM: Number of Donbas truce violations 150% up last week

      Principal Deputy Chief Monitor of the OSCE Special Monitoring Mission (SMM) to Ukraine Alexander Hug reports that the OSCE has recorded a sharp increase in the number of ceasefire violations in the Anti-Terrorist Operation zone in Donbas last week. ”No. of ceasefire violations recorded by OSCE SMM monitors last week [was] up by approx 150%...

      EU Permanent Representatives Committee paves way for Ukraine visa liberalization
      Nov18

      EU Permanent Representatives Committee paves way for Ukraine visa liberalization

      On November 17, the Permanent Representatives Committee (COREPER) agreed, on behalf of the Council, a negotiating position on visa liberalization for Ukraine, according to Peter Javorcik, Permanent Representative of Slovakia to the EU and COREPER President, an UNIAN correspondent in Brussels reports. COREPER confirmed the [European] Commission...

      EU regrets Russia`s decision on ICC
      Nov18

      EU regrets Russia`s decision on ICC

      The European Union regrets Russia`s decision to withdraw from the Rome Statute establishing the International Criminal Court (ICC). ”We regret the Russian Federation`s decision to withdraw its signature and not to become a party to the Rome Statute establishing the International Criminal Court (ICC), according to the order signed yesterday...

      Ukraine`s Parliament toughens lending rules
      Nov18

      Ukraine`s Parliament toughens lending rules

      The Verkhovna Rada, Ukraine`s parliament on Tuesday, November 15, passed a bill that will introduce mandatory examination of a borrower`s creditworthiness by a lender along with notification of the borrower of an effective interest rate and a change in debt seniority in case of a delayed debt repayment. Bill No. 2455 on consumer lending passed...

      Obama`s sound advice for the European Union
      Nov17

      Obama`s sound advice for the European Union

      Visiting Europe this week, President Barack Obama urged leaders of the European Union to be more forgiving of Greece and its debts. No doubt reflecting on events back home, he said that economic stress and suspicion of unresponsive institutions were empowering populism. Addressing those worries needed to be a high priority, and supporting...

      Russia violates maritime law by exploring annexed part of Azov Sea shelf – border guards
      Nov17

      Russia violates maritime law by exploring annexed part of Azov Sea shelf – border guards

      Ukrainian Border Guard Service spokesman Oleh Slobodian says Russia continues violating the rules of international maritime law by exploring the shelf of the annexed part of the Sea of Azov for possible drilling. ”Russia continues violating the rules of international maritime law and carries out illegal business activities in the annexed parts of...

      Putin awards medals to active Russian military after their return from Donbas war
      Nov17

      Putin awards medals to active Russian military after their return from Donbas war

      A journalist investigation provides a significant amount of evidence that proves direct participation of Russia`s 61st Separate Naval Infantry Brigade in the Ukrainian conflict near Luhansk in the summer and fall of 2014. About dozen of servicemen were identified during the journalist investigation`s OSINT efforts, many of whom were awarded...

      Chubarov: Minsk can`t remain venue for talks on Donbas
      Nov17

      Chubarov: Minsk can`t remain venue for talks on Donbas

      Head of the Mejlis of the Crimean Tatars and Ukrainian MP Refat Chubarov has said that Minsk cannot continue to be the venue for meetings and negotiations on issues related to Russia`s aggression against Ukraine. ”The truth is that on the eve of the meeting (November 15, 2016) of the UN [General Assembly] Third Committee, Russia entrusted Belarus...

      World Bank: Reforms should go on in Ukraine to ensure 3-4% GDP growth per year
      Nov17

      World Bank: Reforms should go on in Ukraine to ensure 3-4% GDP growth per year

      World Bank Country Director for Belarus, Moldova and Ukraine Satu Kahkonen says that the Ukrainian authorities have done very much in the past three years to rebuild the economy, and they should maintain the pace of reforms in order to achieve GDP growth by 3-4% per year in the mid-term outlook. According to her, if the government opts not to...