Section: Latest news

      IMF praises NBU efforts in banking system purge
      Oct04

      IMF praises NBU efforts in banking system purge

      The efforts of the National Bank of Ukraine to establish a healthy banking system started to bear fruit, but these measures need to be continued with the same diligence, according to the report released by the International Monetary Fund. The report says the first phase of the recapitalization of banks has been successfully completed, and there...

      BBC report exposes ”slave labor” in prisons across occupied Donbas
      Oct04

      BBC report exposes ”slave labor” in prisons across occupied Donbas

      Human rights activists in eastern Ukraine say they have evidence that slave labor camps reminiscent of Soviet gulags are operating in rebel-controlled areas, according to the BBC. A newly published report alleges that 5,000 people in the self-declared Luhansk People`s Republic are held in solitary confinement, beaten, starved or tortured if they...

      Ukraine reduces gas consumption by 11% since year`s start
      Oct03

      Ukraine reduces gas consumption by 11% since year`s start

      Ukraine in January-September 2016 reduced consumption of natural gas by 11% year-over-year, to 19.1 billion cubic meters (bcm), according to Ukrtransgaz, the operator of the country`s gas transportation system. Gas consumed by the country in the reporting period included gas of own extraction, as well as gas imported from the European Union and...

      IMF changes inflation forecast for Ukraine
      Oct03

      IMF changes inflation forecast for Ukraine

      The International Monetary Fund has estimated that inflation will be around 13% by year-end, according to the organization`s latest report published on its website. Ukraine`s key creditor, the IMF, has reported that the country`s GDP is projected to grow by 1.5% in 2016.” At the same time, the Fund improved the inflation forecast from the earlier...

      U.S. suspends bilateral talks with Russia on Syria
      Oct03

      U.S. suspends bilateral talks with Russia on Syria

      The U.S. Department of State has stated the suspension of bilateral negotiations with the Russian Federation on sustaining the cessation of hostilities in Syria. ”The United States is suspending its participation in bilateral channels with Russia that were established to sustain the cessation of hostilities,” U.S. State Department spokesman John...

      Kremlin Panics after Dutch Report, and It Should
      Oct03

      Kremlin Panics after Dutch Report, and It Should

      The report of the Dutch-led investigation team on the shoot down of Malaysian Airlines Flight 17 over eastern Ukraine offered a momentary glimpse into the true nature of the proverbial riddle wrapped in a mystery inside an enigma. Instead of denying any Russian involvement in the death of 298 people in July 2014, a number of official...

      ”DPR” militants defy withdrawal deal in Ukraine
      Oct03

      ”DPR” militants defy withdrawal deal in Ukraine

      The ”DPR” militants have stated that they return their armed groups to the previously-held positions, that`s according to Russia`s state-run TASS news agency referring to ”DPR” representative Eduard Basurin as saying. ”The Ukrainian side has disrupted the disengagement of forces in Petrivskiy,” Basurin said adding that the militants were moving...

      Russia scraps bomb-grade plutonium disposal deal with U.S.
      Oct03

      Russia scraps bomb-grade plutonium disposal deal with U.S.

      Vladimir Putin has scrapped a key nuclear control agreement over ”unfriendly” actions of the United States towards Russia, in the latest rupture in the troubled relationship between the two countries, according to The Telegraph. In a decree published on Monday, Russia froze an agreement to dispose of surplus plutonium because of ”a drastic change...

      Ukrainian sugar refineries already produce 18% of annual target
      Oct03

      Ukrainian sugar refineries already produce 18% of annual target

      Ukrainian sugar refineries have produced 337,100 tonnes of sugar since the beginning of the current sugar refining season, which is about 18% of the annual target set by the Agrarian Policy and Food Ministry for the 2016-2017 marketing year (MY), which began on September 1, 2016, according to the Ukrtsukor sugar producers` association. ”Since the...

      Prosecutor General`s Office: Ex-head of investment agency Kaskiv released in Panama on $600,000 bail
      Oct03

      Prosecutor General`s Office: Ex-head of investment agency Kaskiv released in Panama on $600,000 bail

      Deputy head of the Ukrainian Prosecutor General`s Office (PGO) Eugene Enin has informed that former head of the State Agency for Investment and National Projects Vladyslav Kaskiv, who is accused of embezzling state funds, has been released in Panama on US$600,000 bail. ”Kaskiv has put up bail for himself and left the prison after all. He is...