Section: News & Summaries

      Philly: Ukrainian hacker pleads guilty before U.S. judge in insider-trading case
      May17

      Philly: Ukrainian hacker pleads guilty before U.S. judge in insider-trading case

      A 28-year-old Ukrainian hacker pleaded guilty Monday, May 16, 2016, to taking part in a long-running international scheme in which yet-to-be published financial news releases were stolen and the information used in illegal trading that generated an alleged $30 million in profits, according to philly.com, a Philadelphia news portal.The scheme ? in...

      Five more Ukrainian cities will have their brand new police by June
      May16

      Five more Ukrainian cities will have their brand new police by June

      Ukrainian Interior Minister Arsen Avakov has announced that the brand new police will start working in five more cities and towns by June.”The [law-enforcement] reform is being implemented step-by-step,” he tweeted on Sunday, May 15.In particular, patrol police will begin to work in the cities of Kryvy Rih and Mariupol, as well as in the towns of...

      Surplus of Ukraine`s foreign trade in services up 7% in 1Q
      May16

      Surplus of Ukraine`s foreign trade in services up 7% in 1Q

      The surplus of Ukraine`s foreign trade in services in January-March amounted to $1.112 billion, which is 7% more than the surplus in the same period of the previous year at the level of $1,04 billion, according to the State Statistics Service of Ukraine.The export of goods from Ukraine decreased by 1,5% in January-March 2016 year-over-year to...

      President urges G7 to prolong sanctions against Russia
      May16

      President urges G7 to prolong sanctions against Russia

      Ukrainian President Petro Poroshenko on Monday, May 16, met with G7 Ambassadors accredited in Ukraine, emphasizing the need to extend the sanctions against Russia for the non-fulfillment of the Minsk agreements, according to the president`s press service.According to the president, pro-Russian militants have tended to escalate the situation in...

      NBU to revise deposit restrictions after cooperation with IMF resumes – NBU deputy chief
      May16

      NBU to revise deposit restrictions after cooperation with IMF resumes – NBU deputy chief

      National Bank of Ukraine after the resumption of cooperation with the International Monetary Fund, in addition to lifting the ban on repatriation of dividends, intends to soften current restrictions on the withdrawal of deposits, NBU Deputy Governor said in an exclusive interview with UNIAN.”In addition to the ban on dividends, we see that a ban...

      Ukraine`s Agrarian Minister calls for privatization of SFGCU, Agrarian Fund
      May16

      Ukraine`s Agrarian Minister calls for privatization of SFGCU, Agrarian Fund

      Minister of Agrarian Policy and Food of Ukraine Taras Kutovyi has spoken in favor of privatization of the State Food and Grain Corporation of Ukraine and the Agrarian Fund, the state-owned enterprise on forward purchases.”I am convinced that such enterprises as the Agrarian Fund and the SFGCU may be more effective, and it makes no sense to keep...

      Russian special services force Ukrainian workers in Russia into cooperation: SBU
      May16

      Russian special services force Ukrainian workers in Russia into cooperation: SBU

      The Security Service of Ukraine learned that the Russian special services try to recruit seasonal workers from Ukraine, resorting to threats and blackmail.The special services of the Russian Federation tried to force a Ternopil resident, who had moved to work in Russia in his teenage years, into spying for Russia against Ukraine, according to the...

      High Time for Privatization in Ukraine
      May16

      High Time for Privatization in Ukraine

      Last year, the Ukrainian government recorded 1,833 operating state-owned companies, and another 1,700 that were standing still. These 3,500 companies do not yield any profits; instead, they cause the government vast losses. Any profit is stolen. Sensibly, the government focused on cutting losses and improving corporate governance in 2015. Now,...

      How Ukraine Can Recover Its Stolen Assets from Kleptocrats and Russia
      May16

      How Ukraine Can Recover Its Stolen Assets from Kleptocrats and Russia

      Ukraine has suffered from a negligent and criminal administration, then revolution, war, invasion, annexation, and a situation close to economic collapse. One can argue that turning to legal solutions for recovery of some of the losses that Ukraine has suffered is not realistic or practical. While it is true that Ukraine cannot frogmarch members...

      Reduction of hryvnia loan rates below 10% possible in 5 yrs – NBU Deputy Governor
      May16

      Reduction of hryvnia loan rates below 10% possible in 5 yrs – NBU Deputy Governor

      Deputy chief of the National Bank of Ukraine Dmytro Solohub said that the rates on bank loans in the national currency can fall under 10% in the next five years, provided that the deposit rates are at around 5%, as well as Ukraine`s judicial and tax systems are reformed.”If we are talking about inflation falling down to 5% in 2-3 years, and there...