Section: Main news

      Roshen corporate restructuring in line with Ukrainian law – Baker & McKenzie
      May31

      Roshen corporate restructuring in line with Ukrainian law – Baker & McKenzie

      The corporate restructuring of Roshen performed ahead of the placement of Petro Poroshenko`s stake in the company to a trust was compliant with the Ukrainian legislation, according to the conclusion of the international law firm Baker & McKenzie.According to Baker & McKenzie`s conclusion, no cash transfers beyond Ukraine`s borders was...

      Surplus of Ukraine`s balance of payments in April estimated at $468 mln
      May31

      Surplus of Ukraine`s balance of payments in April estimated at $468 mln

      Ukraine`s balance of payments in April of 2016 posted a surplus of $468 million compared to a deficit of $168 million in the same period last year, according to the National Bank of Ukraine (NBU).The balance of payments in January through April 2016 turned to a deficit amounting to $345 million, which is six times lower than a deficit of $2.109...

      Donbas to ”never” see ceasefire until ”political settlement” reached – Lavrov
      May31

      Donbas to ”never” see ceasefire until ”political settlement” reached – Lavrov

      Russian Foreign Minister Sergei Lavrov said that there would never be a ceasefire in Donbas until the ”political settlement,” adding that control over the entire territory of Donbas by international forces is not provided for by the Minsk agreements, according to an UNIAN correspondent in Russia. ”It`s very simple — once again, there are...

      Paulo Fonseca new manager of Shakhtar Donetsk
      May31

      Paulo Fonseca new manager of Shakhtar Donetsk

      Portugal`s Paulo Fonseca is now officially the new head coach of FC Shakhtar, according to the football club`s official website.A Portuguese specialist has signed a two-year contract with the ”miners,” the team originally from Donetsk but now playing their home games in the western Ukrainian city of Lviv.The financial terms of the contract with...

      Official: Ukraine presents squad for UEFA EURO 2016
      May31

      Official: Ukraine presents squad for UEFA EURO 2016

      Head coach of the Ukrainian national football team Mykhailo Fomenko has announced his final decision regarding the composition of his team to represent the country at Euro 2016 in France.The team included eight players of Shakhtar Donetsk, five players of Dynamo Kyiv, and three representatives of Dnipro. Four Ukrainians playing in foreign leagues...

      Moody`s forecast for Ukrainian banks improves
      May31

      Moody`s forecast for Ukrainian banks improves

      Moody`s Investors Service has today changed the outlook for Ukraine`s banking system to stable from negative.”The change in outlook reflects our view that the economy will begin to emerge from a deep recession in the coming 12-18 months , which will help contain further asset quality deterioration,” reads the agency`s announcement published May...

      Ukraine simplifies access of western medications to national pharmaceutical market
      May31

      Ukraine simplifies access of western medications to national pharmaceutical market

      The Verkhovna Rada adopted the law, which shortens the period of registration of medicines to 10 days and provides for a simplified procedure for medicines that are already registered in the EU, the U.S., Switzerland, Australia, and Canada.Draft law No.4484 ”On Amendments to Art. 9 of the Law `On Medicines`(with respect to the state registration...

      A Saakashvili Party Comeback? Not in Georgia but Maybe in Ukraine
      May31

      A Saakashvili Party Comeback? Not in Georgia but Maybe in Ukraine

      Odesa Oblast Governor Mikheil Saakashvili is preparing for the launch of his political party later this year in Ukraine, but this has not prevented him from pondering a return to politics in his native Georgia. Georgian voters go to the polls on October 8 to elect a new parliament in a contest viewed as a referendum on the performance of Bidzina...

      Rada lowers excise duty on import of used cars: popular models to become up to EUR 4,000 cheaper
      May31

      Rada lowers excise duty on import of used cars: popular models to become up to EUR 4,000 cheaper

      The Verkhovna Rada of Ukraine on Tuesday adopted the bill on amendments to the Tax Code to encourage the development of the market for used vehicles, which assumes a significant reduction in the excise tax on import of used vehicles.The bill will come into force from the first day of the month following its publication according to a separate...

      Gazprom demands payment from Ukraine for $600 mln worth of gas supplied to occupied Donbas
      May31

      Gazprom demands payment from Ukraine for $600 mln worth of gas supplied to occupied Donbas

      Russian gas monopoly Gazprom has delivered to the occupied Donbas natural gas worth $600 million, but it demands that Ukraine pay for these supplies, an UNIAN correspondent in Rusia reported from a Moscow press conference held by deputy head of Gazrpom Alexander Medvedev in Moscow.”We have a single contract for the supply of gas to Ukraine,...