Section: News & Summaries

      Fitch affirms Russia at `BBB-`, outlook negative
      Apr16

      Fitch affirms Russia at `BBB-`, outlook negative

      Fitch Ratings has affirmed Russia`s Long-term foreign and local currency Issuer Default Ratings (IDRs) at `BBB-` with a Negative Outlook, Fitch Ratings said in its press release.The issue ratings on Russia`s senior unsecured foreign- and local-currency bonds are also affirmed at `BBB-`. The Country Ceiling is affirmed at `BBB-` and the Short-term...

      NBU strengthens official exchange rate to UAH 25.47 to dollar
      Apr16

      NBU strengthens official exchange rate to UAH 25.47 to dollar

      The National Bank of Ukraine on Friday evening strengthened the official hryvnia exchange rate by 17 kopiykas, bringing the national currency to UAH 25.47 to the dollar.The Central Bank set the following official exchange rates of the hryvnia against leading foreign currencies for April 18:$100 costs UAH 2,547.5042 (on April 15, it was UAH...

      OSCE reports extension of geography of violence in Donbas
      Apr16

      OSCE reports extension of geography of violence in Donbas

      Principal Deputy Chief Monitor of the OSCE Special Monitoring Mission (SMM) to Ukraine Alexander Hug says the geography of violence has again been extended in Donbas.”We are deeply concerned that the geography of violence has again been extended to areas in southern Donetsk region. In Kominternove, on April 9 the SMM heard at least 15...

      TASS: Russian regulator accuses Google of violating law on advertisement
      Apr15

      TASS: Russian regulator accuses Google of violating law on advertisement

      Russia`s Federal Antimonopoly Service (FAS) has accused Google of violating the law on advertising, a TASS correspondent reported from the meeting of the FAS commission, according to Russian news agency TASS.The regulator says that advertisement distributor Google Inc and advertisers – Russian companies Olkos Group and Avankorp – violated Clause...

      Bloomberg: Five Challenges for the new faces in Ukraine`s government
      Apr15

      Bloomberg: Five Challenges for the new faces in Ukraine`s government

      The new lineup, led by Volodymyr Groysman, an ally of President Petro Poroshenko, won`t have long to settle in, according to Bloomberg.The former Soviet republic is facing a raft of challenges, from its finances to reforms and the simmering conflict with pro-Russian insurgents in its east. Here are the five biggest issues the new cabinet will...

      IMF to continue cooperation with Ukraine
      Apr15

      IMF to continue cooperation with Ukraine

      Ukraine`s key lender, the International Monetary Fund (IMF), says it is ready to continue cooperation with a newly formed Ukrainian government, which was approved by Ukraine`s Verkhovna Rada on April 14, 2016.”We stand ready to continue support of Ukraine. We look forward to talking with the new government,” Director of the IMF`s European...

      Czech Foreign Ministry denies accreditation to two Russia journalists
      Apr15

      Czech Foreign Ministry denies accreditation to two Russia journalists

      The Czech Foreign Ministry has denied accreditation to two Russian journalists in Prague, eliciting an angry response from Moscow, which accused the Czech authorities of violating the right to freedom of expression, according to czech.cz, a Czech news portal operated by the ministry jointly with Czech Radio – Radio Prague.The Russian Foreign...

      Odesa region`s prosecutor dismissed under lustration law
      Apr15

      Odesa region`s prosecutor dismissed under lustration law

      Acting Prosecutor General Yuriy Sevruk on April 15, 2016, dismissed Odesa Region Prosecutor Mykola Stoyanov, according to the press service of the Prosecutor General`s Office (PGO) of Ukraine.The dismissal was in line with the provisions of the Law of Ukraine on Prosecution and the Law of Ukraine on Lustration following the examination of...

      EU`s big 5 call to end shell company secrecy
      Apr15

      EU`s big 5 call to end shell company secrecy

      The EU`s five leading economies called yesterday, April 14, for a crackdown on tax havens, urging the G20 powers to end the secrecy of shell companies that enables tax evasion and money laundering, according to EurActiv.In the strongest reaction yet to the leaked ”Panama Papers,” the finance ministers of Britain, France, Germany, Italy and Spain...

      Former Finance Minister gives some advice to new Ukrainian Prime Minister
      Apr15

      Former Finance Minister gives some advice to new Ukrainian Prime Minister

      Ukraine`s ex-Finance Minister Natalie Jaresko has voiced some advice to newly appointed Prime Minister Volodymyr Groysman, Voice of America`s Ukrainian service reported.Jaresko said that despite a modest economic growth in Ukraine, its population will be able to benefit from it only over time.”Economic well-being significantly depends on the...