Section: News & Summaries

      Turkish forces fight to crush coup remnants after Erdogan returns
      Jul16

      Turkish forces fight to crush coup remnants after Erdogan returns

      Forces loyal to the Turkish government fought on Saturday to crush the remnants of a military coup attempt which crumbled after crowds answered President Tayyip Erdogan`s call to take to the streets and dozens of rebels abandoned their tanks, Reuters reported.More than 90 people were killed in violence that erupted late on Friday after a faction...

      Reuters: Turkey PM says coup attempt underway, elected government still in charge
      Jul15

      Reuters: Turkey PM says coup attempt underway, elected government still in charge

      A group within Turkey`s military has attempted to overthrow the government and security forces have been called in to ”do what is necessary”, Prime Minister Binali Yildirim said on Friday, according to Reuters.”Some people illegally undertook an illegal action outside of the chain of command,” Yildirim said in comments broadcast by private...

      PM Groysman announces large-scale customs reform in a month
      Jul15

      PM Groysman announces large-scale customs reform in a month

      Ukrainian Prime Minister Volodymyr Groysman has announced a large-scale customs reform in a month, the reform will be conducted with due regard to U.S. experts` recommendations, according to the Vinnytsia-based State TV Channel.”We`re now getting ready for the launch of the customs reform. I`m sure it will be done within 12 months. We`ve got the...

      French PM: `probable` but no confirmed terror link – The Guardian
      Jul15

      French PM: `probable` but no confirmed terror link – The Guardian

      French Prime Minister Manuel Valls has said that although he cannot confirm the attacker`s motives, Mohamed Lahouaiej-Bouhlel ”is a terrorist probably linked to radical Islam one way or another,” according to The Guardian.Still, the prime minister told France 2 he had no doubt that the crime was terrorism, The Guardian wrote.”It is a terrorist...

      Ukraine`s Finance Ministry awaits Russia`s next steps on $3 bln debt
      Jul15

      Ukraine`s Finance Ministry awaits Russia`s next steps on $3 bln debt

      The Law Debenture Trust Corporation Plc, acting at the direction and for the benefit of Russia in court proceedings over $3 billion in debt on bonds, says it will be seeking summary judgement in respect of Ukraine soon, according to the Ukrainian Finance Ministry.”With respect to the claim underway before the English Court relating to the $3...

      Famed Ukrainian football player Shevchenko becomes national team head coach
      Jul15

      Famed Ukrainian football player Shevchenko becomes national team head coach

      The top player in Ukrainian football history, Andriy Shevchenko, has been named head coach of the Ukrainian national football team four years after he ended his career, according to the Football Federation of Ukraine.A two-year contract with Shevchenko has been inked, with a possible extension for an additional two years.Meanwhile, two Italians,...

      Centrenergo may buy UAH 1.6 bln of coal from Akhmetov
      Jul15

      Centrenergo may buy UAH 1.6 bln of coal from Akhmetov

      PJSC Centrenergo energy generation company has tentatively agreed to coal purchases of UAH 1.6 billion from DTEK Sverdlovanthracite LLC by the end of the year, according to an online posting from the National Commission on Securities and the Stock Market.The cost of the transaction equals 24.3% of the value of assets owned by Centrenergo,...

      Ukraine sees growth of monetary base
      Jul15

      Ukraine sees growth of monetary base

      The monetary base in Ukraine increased by 4.5% in June, as compared to May, to reach UAH 352.649 billion, according to the National Bank of Ukraine (NBU).Further, since the beginning of the year, the nation`s monetary base has increased by 5%, according to data published by the NBU.Additionally, the monetary aggregate M3 grew by 1.5% in June, and...

      Kovaliv: Naftogaz would pile up more debt without market-level tariffs
      Jul15

      Kovaliv: Naftogaz would pile up more debt without market-level tariffs

      First Deputy Minister of Economic Development and Trade Yuliya Kovaliv said maintaining non-transparent tariffs in Ukraine and spending budget funds to compensate for differences in tariffs would have resulted in the expansion of Naftogaz`s budget deficit.”In 2014, UAH108 billion in budget funds was spent to cover Naftogaz`s deficit. If we had...

      New commander of Canadian army has Ukrainian roots
      Jul15

      New commander of Canadian army has Ukrainian roots

      A newly-appointed commander of the Canadian Army became a military official of the Ukrainian descent, Paul Wynnyk, according to Canadian Ambassador to Ukraine Roman Waschuk.”Lieutenant-General Wynnyk, the grandson of Ukrainian resettlers in Alberta from Stryi, assumed command of the Canadian Army,” wrote Waschuk.Canadian Prime Minister Justin...