Section: News & Summaries

      Yatsenyuk almost doubles his earnings in 2015
      Apr01

      Yatsenyuk almost doubles his earnings in 2015

      The total amount of Arseniy Yatsenyuk`s income in 2015 was UAH 1.966 million. Compared with the previous year, his revenues have grown almost in two times.According to the press service of the Cabinet of Ministers, this amount includes salary during his tenure (UAH 81,721), interest on bank deposits (UAH 1.240 million), as well as income from the...

      Ukraine MFA protests Russian court`s ban to appeal against verdict of Ukrainian convicted for espionage
      Apr01

      Ukraine MFA protests Russian court`s ban to appeal against verdict of Ukrainian convicted for espionage

      The Ministry of Foreign Affairs of Ukraine has expressed protest in connection with the refusal of the Supreme Court of the Russian Federation to allow defense team`s appeal in the case of Ukrainian citizen Valentyn Vyhovskiy.Moscow Regional Court sentenced Vyhovskiy to 11 years` imprisonment in a high security penal colony, the ministry said,...

      All public procurement of Ukraine`s central govt bodies transferred to ProZorro e-system
      Apr01

      All public procurement of Ukraine`s central govt bodies transferred to ProZorro e-system

      Ukraine`s central government bodies entirely switch to the Prozorro e-procurement platform starting April 1, 2016.According to the law ”On public procurement,” adopted by the parliament in its final version on February 4, 2016, the transition to electronic public procurement will take place in two stages: from April 1 – for central government...

      Chinese yuan strengthens to 6.4585 against dollar Friday
      Apr01

      Chinese yuan strengthens to 6.4585 against dollar Friday

      The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 27 basis points to 6.4585 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System, Chinese leading financial and business information provider Xinhua Finance Agency reported.In China`s spot foreign exchange market, the yuan is...

      World Bank estimates Ukraine`s economic drop by 10%, forecasts 1% growth in 2016
      Apr01

      World Bank estimates Ukraine`s economic drop by 10%, forecasts 1% growth in 2016

      The World Bank has estimated that Ukraine`s GDP contracted by 10% in 2015, and has maintained its forecast for GDP growth in Ukraine in 2016 at 1%, said Qimiao Fan, World Bank Country Director for Belarus, Moldova, and Ukraine, during the presentation of a new economic review and macroeconomic forecast for Ukraine.He also noted that the...

      Tesla Model 3 announced: release set for 2017, price starts at $35,000
      Apr01

      Tesla Model 3 announced: release set for 2017, price starts at $35,000

      After ten years of waiting, Tesla has revealed the Model 3, the vehicle that CEO Elon Musk hopes will take the electric car to the masses, The Verge reported.At the unveiling of the Model 3 on Thursday at the company`s design studio in Hawthorne, California, Tesla CEO Elon Musk said the car will deliver at least 215 miles of range beginning at...

      Hryvnia strengthens against dollar by 3% in March – NBU
      Apr01

      Hryvnia strengthens against dollar by 3% in March – NBU

      As of March 25, the exchange rate of the hryvnia against the U.S. dollar strengthened by 3% compared with the beginning of the month, according to the macroeconomic and monetary review of the National Bank of Ukraine in March, published on its official website.According to the National Bank's estimates, the strengthening of the national...

      Oil prices fall on stronger dollar, further oversupply worries
      Apr01

      Oil prices fall on stronger dollar, further oversupply worries

      Oil futures fell in Asian trade on Friday as oversupply, a strengthening dollar and falls in regional stock markets all weighed on sentiment, Reuters reported.But another fall in U.S. oil output in January helped to limit the losses, according to Reuters.Brent crude for June delivery LCOc1 fell 46 cents to $39.87 a barrel as of 0549 GMT. The May...

      Israel looks to lift Ukrainian UAV sales embargo
      Apr01

      Israel looks to lift Ukrainian UAV sales embargo

      In response to a governmental embargo on sales of unmanned air vehicles to Ukraine, Israeli manufacturers are trying to rekindle the market as they identify a need for their systems in the region, according to FlightGlobal.The embargo was enforced to satisfy Russian demands but as a result, US manufacturers have succeeded in the market and...

      U.S. supports Poroshenko`s initiative to establish National Investment Council
      Apr01

      U.S. supports Poroshenko`s initiative to establish National Investment Council

      Ukrainian President Petro Poroshenko had a meeting with U.S. Secretary of Commerce Penny Pritzker in the course of his working visit to the United States, the president`s press service reported.The President informed on the course of reforms in Ukraine, which provides new opportunities for the involvement of U.S. investments in the Ukrainian...