Section: News & Summaries

      Ukrainian students hold flashmob ahead of Dutch vote on EU deal
      Apr06

      Ukrainian students hold flashmob ahead of Dutch vote on EU deal

      A Ukrainian human chain, in support of a European future. Hundreds of students gathered in Kyiv for the flashmob, linking the Dutch Embassy in the historical Podil neighbourhood to European Square. The event happened a day before Dutch voters decide whether or not the EU and Ukraine should strengthen cooperation through the Association Agreement,...

      Washington Post releases new article on Poroshenko`s offshore assets
      Apr05

      Washington Post releases new article on Poroshenko`s offshore assets

      Reports based on the Panama Papers suggest that the president of Ukraine attempted to use an offshore company for a pre-sale restructuring of his business. The authors` initial analysis suggests, though, that there is no direct evidence of major wrongdoing. ”The incident will, however, accelerate the public debate in Ukraine about its outdated...

      Top U.S. official: U.S. would block sale of Russian Su-30 aircraft to Iran
      Apr05

      Top U.S. official: U.S. would block sale of Russian Su-30 aircraft to Iran

      Thomas Shannon, the U.S. Under Secretary of State for Political Affairs, said on Tuesday the United States would use its veto power in the UN Security Council to block any sale of Su-30 fighter aircraft to Iran, Reuters reports.”We would block the approval of fighter aircraft,” he told a U.S. Senate Foreign Relations Committee hearing, noting...

      Panamapapers claim first scalp as Iceland PM resigns
      Apr05

      Panamapapers claim first scalp as Iceland PM resigns

      The Panama secrecy leak claimed its first victim after Icelandic Prime Minister Sigmundur David Gunnlaugsson resigned following revelations about his personal finances, Bloomberg reports.The move was announced in parliament after thousands of Icelanders took  to the streets angered by the alleged tax evasion of their leader, according to...

      Ukraine`s intl reserves down by $768 mln in March
      Apr05

      Ukraine`s intl reserves down by $768 mln in March

      Ukraine`s international reserves as of April 1, 2016, amounted to $12.722 billion, according to preliminary data, which is $768 million, or 5.7%, less than the on March 1 ($13.490 billion), the NBU reported. The decline of reserves in March was primarily due to the government`s repayment and maintenance of public and publicly guaranteed debt in...

      Dutch MP says postponement of ratification of Ukraine-EU Association pre-scheduled
      Apr05

      Dutch MP says postponement of ratification of Ukraine-EU Association pre-scheduled

      Ratification of the Ukraine-EU Association Agreement was postponed at the request of the initiators of the referendum in order to avoid possible legislative controversy of the vote regarding Ukraine, according to Dutch MP from the Socialist Party of the Netherlands Harry van Bommel, TSN reported.According to the parliamentarian, it was a...

      Large Kyiv bank goes bankrupt
      Apr05

      Large Kyiv bank goes bankrupt

      Vice-Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova announces that the NBU decided on April 5, 2016, to include Kyiv-based Khreschatyk Bank in the group of insolvent banks. ”Late last week, the situation with the bank`s liquidity sharply worsened. Experiencing lack of funds, the bank made transfers with delays, and was unable to...

      Ukraine`s state debt 1.8% down in dollars, 10.7% up in hryvnias in two months
      Apr05

      Ukraine`s state debt 1.8% down in dollars, 10.7% up in hryvnias in two months

      The total sum of Ukraine`s state and government-guaranteed debt by the end of February 2016 was estimated at $64.35 billion, which was 1.8%, or $1.16 billion, down on the beginning of the year, according to the Ukrainian Finance Ministry.At the same time, the total sum of state and government-guaranteed debt in the hryvnia equivalent as of the...

      Ukraine agricultural sector sees almost 40% increase in revenue
      Apr05

      Ukraine agricultural sector sees almost 40% increase in revenue

      Ukrainian agricultural producers report a 37% increase in dollar terms in their revenues last year to $4.1 billion as compared to the previous year, and a growth by 2.5 times in hryvnia terms to UAH 89.5 billion, Ukrainian Minister of Agrarian Policy and Food Oleksiy Pavlenko wrote on Facebook.”In 2015, agricultural producers posted record net...

      Russia`s VEB may leave Ukrainian market in the long run
      Apr05

      Russia`s VEB may leave Ukrainian market in the long run

      Russia`s state-run Vnesheconombank (VEB) announces it may leave the Ukrainian market in the long run, and the decision will be taken after a new strategy has been hammered out, according to Russian business news agency PRIME.”In the long-term outlook, we`ll be considering possibilities of leaving their [Ukrainian] market. We haven`t held any...