: :inin Kyiv (EET)

Section: News & Summaries

    At least $1.8 bln to be allocated in 2017 budget for utilities subsidies
    Jul27

    At least $1.8 bln to be allocated in 2017 budget for utilities subsidies

    Ukrainian Deputy Prime Minister Pavlo Rozenko has announced Ukraine`s national budget will allocate at least UAH 45 billion, or US$1.8 billion, on subsidies for low-income households to pay for housing and utilities.”The sum that will be allocated [in the 2017 budget] will be at least UAH 45 billion,” he stated after a Cabinet meeting on...

    UN chief calls on all nations to observe traditional Olympic truce
    Jul27

    UN chief calls on all nations to observe traditional Olympic truce

    With just over one week to go until the start of the Rio 2016 Olympic Games, the United Nations Secretary-General Ban Ki-moon has called for a worldwide cessation of hostilities.”A respite in fighting would manifest the values that the Games seek to promote: respect, friendship, solidarity and equality,” Mr. Ban said on Monday (July 25),...

    Groysman invites Arab companies to buy Odesa chemical plant
    Jul27

    Groysman invites Arab companies to buy Odesa chemical plant

    Ukrainian Prime Minister Volodymyr Groysman has invited businessmen from Arab countries to participate in a fresh auction where Ukraine will put the Odesa Port-Side Chemical Plant up for sale, according to the government`s press service.”It is important to us. We`d like to have public, open privatization in Ukraine,” Groysman stated during a...

    Russia to open service center for weapons repair in Crimea
    Jul27

    Russia to open service center for weapons repair in Crimea

    JSC Almaz-Antey will open a production and technical base for the maintenance and repair of weapons, military and special equipment in Sevastopol.”The total cost of the project is estimated at RUB 120 million. We hope that our project will assist in the development of the region, strengthen its defense capability and lead to the launch of other...

    Abe says Japan to compile $265 bln stimulus, puts policy pressure on BOJ
    Jul27

    Abe says Japan to compile $265 bln stimulus, puts policy pressure on BOJ

    Japanese Prime Minister Shinzo Abe said on Wednesday his government would compile a stimulus package of more than $265 billion to reflate the flagging economy, media reported, though it is unclear how much will be spent to directly boost growth, Reuters reports.The premier`s 28 trillion yen ($265.30 billion) stimulus package, which exceeds...

    Suprun appointed acting health minister
    Jul27

    Suprun appointed acting health minister

    The Cabinet of Ministers has entrusted newly appointed Deputy Minister of Health Ulana Suprun to serve as the minister of health from August 1.The decision was made during the government session on Wednesday, according to an UNIAN correspondent.”The decision is made,” Ukrainian Prime Minister Volodymyr Groysman declared during voting on the list...

    Deutsche Bank CEO warns of deeper cuts after second-quarter revenue drop
    Jul27

    Deutsche Bank CEO warns of deeper cuts after second-quarter revenue drop

    Deutsche Bank warned that deeper cuts may be needed to turn around the lender after revenues fell sharply in the second quarter as the low interest rate environment and volatile markets weighed on the business, according to Reuters.”If the current weak economic environment persists, we will need to be yet more ambitious in the timing and...

    Removal of Berkut arms from Maidan: suspect`s name confirmed
    Jul27

    Removal of Berkut arms from Maidan: suspect`s name confirmed

    ”Nikhto Krim Nas” [No one but us] civic organization has confirmed that the organization`s leader Oleksandr Kovalyov assisted the Berkut officers in getting rid of the weapons and withdrawing from Kyiv, Yuriy Slyniavchuk, a member of the organization, said, according to 112 Ukraine TV Channel.”Yes, indeed, Oleksandr Kovalyov was suspected,” he...

    State Land Bank in Ukraine declared insolvent
    Jul27

    State Land Bank in Ukraine declared insolvent

    The National Bank of Ukraine (NBU) has decided to declare the State Land Bank insolvent.In March 2016, the State Land Bank was included in the group of problem banks due to the conflict of interest at the banking institution, and till date it has not met the regulator`s requirements to remove the infringements. What is more, the situation is...

    Turkey moving towards dictatorship – Gulen
    Jul27

    Turkey moving towards dictatorship – Gulen

    The reclusive cleric accused by Turkish president Recep Tayyip Erdogan of orchestrating a failed coup has demanded that the U.S. resist demands for his extradition from Pennsylvania, according to The Guardian.”Turkey`s president is blackmailing the United States,” preacher Fethullah Gulen wrote in a New York Times opinion piece on Tuesday, The...

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