Section: News & Summaries

      Texan Makes Fortune in Ukraine’s Tech Sector
      Jul07

      Texan Makes Fortune in Ukraine’s Tech Sector

      “If you play by the rules, you can do business in Ukraine.” Jason Mitura is an all-American guy who grew up in Dallas, Texas, but made his first fortune in Ukraine.His success is all the more noteworthy given that he speaks little Ukrainian. On a tip, he flew to Kyiv for the first time in 2008 and found a huge opportunity.Over four years, he and...

      Poroshenko: Ukraine insists on int`l leverage to end Crimea occupation
      Jul07

      Poroshenko: Ukraine insists on int`l leverage to end Crimea occupation

      Ukrainian President Petro Poroshenko says Ukraine continues to insist on setting up an international mechanism to end the occupation of Crimea, according to an UNIAN correspondent.”We continue to insist on launching an international mechanism to end the occupation of the peninsula,” Poroshenko said at a joint press conference with U.S. Secretary...

      Turkish Stream: Still Only a Dream
      Jul07

      Turkish Stream: Still Only a Dream

      Russian President Vladimir Putin announced on June 30 that he and Turkish President Recep Tayyip Erdoğan had agreed to restore bilateral ties between their two countries. Russian Prime Minister Dmitry Medvedev followed the announcement with his own statement that economic sanctions against Turkey would be removed “on a gradual basis.” Meanwhile,...

      Mongolia and North Asian Security
      Jul07

      Mongolia and North Asian Security

      Mongolia recently hosted the annual Ulaanbaatar Dialogue conference to discuss Northeast Asian security. With North and South Korea delegates present together for the first time, the conference presented an opportunity for all member delegates to raise concerns over Pyongyang’s nuclear ambitions among other regional cooperation issues. At...

      Naftogaz: Gazprom`s claims over ”take-or-pay” condition could reach $60 bln
      Jul07

      Naftogaz: Gazprom`s claims over ”take-or-pay” condition could reach $60 bln

      Naftogaz Business Development Director Yuriy Vitrenko says Russian gas monopoly Gazprom may claim from National Joint Stock Company Naftogaz of Ukraine $60 billion in line with the contract`s ”take-or-pay” condition.”Gazprom`s main demand to Naftogaz is a payment for the so-called `take-or-pay` condition. Its claims have already reached $31.4...

      Rada adopts Law on Special Operations Forces
      Jul07

      Rada adopts Law on Special Operations Forces

      The Verkhovna Rada of Ukraine has adopted the draft law on amendments to some laws of Ukraine concerning the Special Operations Forces of the Armed Forces of Ukraine submitted by MP from the Bloc of Petro Poroshenko Iryna Friz.According to the press service of Petro Poroshenko Bloc`s Solidarnist party the decision was supported by 249...

      Head of Ukraine delegation to PACE talks of Russian lobbyists in Assembly
      Jul07

      Head of Ukraine delegation to PACE talks of Russian lobbyists in Assembly

      The Russian lobbyists have begun serious work in the Parliamentary Assembly of the Council of Europe, Chair of the Ukrainian delegation to PACE, President of the PACE Committee for Culture/Media Volodymyr Ariev told journalists in the Verkhovna Rada, the press-service of the Bloc of Petro Poroshenko reports.”The last session of the PACE has been...

      Kobolev: Ukraine to buy all gas in EU if Gazrpom fails to sign add. deal
      Jul07

      Kobolev: Ukraine to buy all gas in EU if Gazrpom fails to sign add. deal

      Ukraine can buy all natural gas required for pumping into the underground storage facilities from the European companies if the Russian gas monopoly Gazprom does not sign an additional agreement to the contract for the purchase of gas from 2009, Naftogaz CEO Andriy Kobolev said during a press conference.”As of today, Gazprom has not signed an...

      Putin signs controversial anti-terror package of laws
      Jul07

      Putin signs controversial anti-terror package of laws

      Russian President Vladimir Putin has signed a package of anti-terror laws developed by MP Irina Yarovaya and Senator Viktor Ozerov, Kremlin spokesman Dmitry Peskov said on Thursday, Russian news agency TASS has reported.The documents were adopted by the State Duma (the lower house of Russia`s parliament) on June 24 and approved by the Federation...

      France overtakes Britain as world`s No. 5 economy after pound drops
      Jul07

      France overtakes Britain as world`s No. 5 economy after pound drops

      France and Britain were vying for fifth place on the list of the world`s biggest economies on Wednesday, with France nudging ahead after a renewed slump in the pound in the wake of the Brexit vote, Reuters calculations showed.Britain`s gross domestic product stood at 1.864 trillion pounds in 2015, according to the last available figures from the...