Section: News & Summaries

      Ukraine`s oil giant Ukrnafta forecasts 15% drop in output in 2017
      Nov04

      Ukraine`s oil giant Ukrnafta forecasts 15% drop in output in 2017

      Ukraine`s largest oil producer, Ukrnafta, forecasts a decline in crude oil production by 15% in 2017 in connection with high royalties and the unsolved problem of the company`s tax debts. ”According to Ukrnafta`s estimates, the company may see a 15% decline in oil production in 2017 vs. 2016. With the rent rates for oil and condensate high and...

      Russia makes U-turn after evicting Amnesty from Moscow office
      Nov04

      Russia makes U-turn after evicting Amnesty from Moscow office

      Human rights group Amnesty International can return to the Moscow office it was evicted from this week, a Kremlin human rights adviser said on Thursday after discussing the matter with Russian President Vladimir Putin, Reuters has reported. Amnesty has been a vocal critic of Russia over its bombing campaign in Syria and had said it believed the...

      Head of the EU Delegation says that the EU to find the ways to implement the Association Agreement with Ukraine
      Nov04

      Head of the EU Delegation says that the EU to find the ways to implement the Association Agreement with Ukraine

      Head of the Delegation of the European Union to Ukraine Hugues Mingarelli says that the EU will have to find the ways to implement the Association Agreement with Ukraine, in particular, a Deep and Comprehensive Free Trade Area (DCFTA), irrespective of a decision to be taken by the Dutch leadership following a consultative referendum on the...

      Ukraine wants up to 20,000 strong OSCE police mission in Donbas – German official
      Nov04

      Ukraine wants up to 20,000 strong OSCE police mission in Donbas – German official

      Ukraine offers that the armed police mission of the OSCE in Donbas amount to 18,000-20,000 people, said Gernot Erler, Special Representative of the Federal Government of Germany for the OSCE Chairmanship in 2016 and coordinator for intersocietal cooperation with Russia, Central Asia and the Eastern Partnership countries, an UNIAN correspondent...

      Former CIA chief: Trump is Russia`s “useful idiot”
      Nov04

      Former CIA chief: Trump is Russia`s “useful idiot”

      Donald Trump really does sound a lot like Vladimir Putin, according to The Washington Post. There has always been a sympathetic authoritarian chord between the Republican presidential nominee and the Russian president. Both are on record as admiring The Strong Leader. They`ve even complimented one another on the trait. Putin could have been...

      Ukraine Cabinet approves draft budget for 2017 with raised minimum wage
      Nov04

      Ukraine Cabinet approves draft budget for 2017 with raised minimum wage

      The Cabinet of Ministers of Ukraine at its extraordinary meeting Thursday, November 3, approved the draft state budget for 2017, without any changes to the macro indicators, to be tabled in Parliament for its second reading. Macroeconomic indicators of the draft budget had been approved in June. They provide for GDP growth in 2017 at 3-4%,...

      Ukroboronprom offers Indonesia to buy technology for An-148 Navy patrol aircraft construction
      Nov04

      Ukroboronprom offers Indonesia to buy technology for An-148 Navy patrol aircraft construction

      Indonesian Navy expressed interest in the products of the Ukrainian defense industry in the framework of Indo Defence Expo and Forum held in Jakarta. State-owned Ukrspetsexport, which is part of the State Concern Ukroboronprom and a major exporter of all types of weapons and military equipment, offered Indonesian partners to purchase technology...

      Oil prices steady after five days of declines, but sentiment bearish
      Nov04

      Oil prices steady after five days of declines, but sentiment bearish

      Oil prices edged up on Friday, stabilizing after five straight days of falls, although a surge in U.S. crude inventories and doubts over the ability of producers to coordinate output cuts continued to keep a lid on the market, according to Reuters. Brent crude LCOc1 was up 13 cents, or 0.28 percent, at $46.48 per barrel at 0515 GMT (1:25 a.m....

      NBU cuts official exchange rate to UAH 25.59 to dollar
      Nov04

      NBU cuts official exchange rate to UAH 25.59 to dollar

      The National Bank of Ukraine on Thursday evening lowered the official hryvnia exchange rate by four kopiykas, bringing the national currency to UAH 25.59 to the dollar. The Central Bank set the following official exchange rates of the hryvnia against leading foreign currencies for November 4: $100 costs UAH 2,559.4856 (on November 3, it was UAH...

      MFA says provocation with Poroshenko-Atambayev ”phone call” aimed at hindering initiative at UN on Crimea
      Nov04

      MFA says provocation with Poroshenko-Atambayev ”phone call” aimed at hindering initiative at UN on Crimea

      The Ukrainian Foreign Ministry believes that a Wednesday provocation around President Poroshenko`s telephone conversation with his Kyrgyz counterpart Almazbek Atambayev involving an alleged prank is aimed at disrupting Ukraine`s promotion of a UN resolution on human rights violations in the Russian-occupied Crimea, Press-Secretary of the Foreign...