: :inin Kyiv (EET)

Section: News & Summaries

    President signs law allowing companies to restructure debts owed to banks
    Jul18

    President signs law allowing companies to restructure debts owed to banks

    President of Ukraine Petro Poroshenko has signed the law on financial restructuring, which regulates the procedure for restructuring operating businesses` debts owed to banks, according to a post on the Ukrainian parliament`s website.Notably, adoption of the law will allow Ukraine to fulfill its obligations outlined in the memorandum [of...

    Oil prices largely unchanged as market shrugs off Turkey coup bid
    Jul18

    Oil prices largely unchanged as market shrugs off Turkey coup bid

    Oil prices were virtually unchanged in choppy Asian trade on Monday following gains last week as traders shrugged off the impact of Friday`s attempted coup in Turkey, while upbeat economic data from the United States lent price support, Reuters reported.Brent crude futures rose 2 cents at $47.63 a barrel as of 0653 GMT after closing up 24 cents...

    Sea Breeze 2016 exercises begin in Black sea
    Jul18

    Sea Breeze 2016 exercises begin in Black sea

    U.S. Navy has joined their Ukrainian counterparts to conduct a multinational operation on security in a crisis region, according to Ukraine Today.The exercises will be conducted in Odesa and Mykolaiv regions as well as in the north-western part of the Black sea, Ukraine Today reports.The training includes conducting landing operations and their...

    Ukraine resumes gas imports from Poland
    Jul18

    Ukraine resumes gas imports from Poland

    Ukraine has resumed gas deliveries from Poland, totaling 0.3 million cubic meters per day, according to a spokesman for the country`s gas transportation system (GTS) operator Ukrtransgaz.To replenish its gas stocks ahead of the heating season, from July 16, Ukraine has increased gas imports from Slovakia fourfold, up to 8.8 million cubic meters,...

    SBU chief on ”cross procession”: Anti-Ukrainian forces need their Franz Ferdinand
    Jul18

    SBU chief on ”cross procession”: Anti-Ukrainian forces need their Franz Ferdinand

    Chairman of Ukraine`s SBU Security Service Vasyl Hrytsak warned of the risk of destabilization in Ukraine in connection with the ”cross procession” organized by the Ukrainian Orthodox Church of the Moscow Patriarchate.”The risk [of destabilization in connection with the `cross procession`] exists, frankly speaking,” Hrytsak said at a joint...

    Finance Ministry, supported by PwC, to get internal reform underway
    Jul18

    Finance Ministry, supported by PwC, to get internal reform underway

    Ukraine`s Finance Ministry, with support from Pricewaterhouse Coopers, one of the world`s largest consulting companies, will begin implementation of a project on internal transformation to improve the ministry`s performance.The project is expected to streamline internal processes, improve internal communication and enhance staff accountability,...

    Ukraine seeks investors for its biggest ammonia maker – Bloomberg
    Jul18

    Ukraine seeks investors for its biggest ammonia maker – Bloomberg

    Ukraine is seeking investors for a majority stake in Odesa Portside Chemical Plant (OPP), the country`s biggest ammonia factory, in an effort to fill its dwindling coffers, according to Bloomberg.The government is expecting bids for a 99.567% stake in the OPP with a starting price of UAH 13.2 billion ($532 million) by 18:00 Kyiv time on July 18,...

    ExxonMobil launches bidding war for InterOil in PNG gas push
    Jul18

    ExxonMobil launches bidding war for InterOil in PNG gas push

    ExxonMobil Corp has made a bid worth at least $2.2 billion for InterOil Corp and its stake in a rich Papua New Guinea gasfield, winning the support of its target and topping an offer from Australia`s Oil Search Ltd., Reuters reported. The bid pits ExxonMobil, the world`s biggest oil company, against Total SA, which is backing Oil Search, as the...

    Mass protest in occupied Donbas: ”We want system we had under Ukraine”
    Jul18

    Mass protest in occupied Donbas: ”We want system we had under Ukraine”

    Attempts by Kremlin-backed militants in Horlivka, a city in the so-called `Donetsk people`s republic` [DNR] to milk small business owners has prompted the first mass demonstration in the city since 2014, according to the Kharkiv Human Right Protection Group.Over a thousand people, mainly traders from the local market, are reported to have...

    U.S. rejects asylum to Turkey`s NATO base commander suspected of complicity in coup bid
    Jul18

    U.S. rejects asylum to Turkey`s NATO base commander suspected of complicity in coup bid

    The commander of the Incirlik airbase arrested for plotting the failed military coup in Turkey has sought asylum from the United States but was denied, The Daily Sabah reported citing the New York Times.General Bekir Ercan Van approached U.S. officials seeking asylum but was refused, a person with knowledge of the matter who spoke anonymously...

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