Section: Main news

      IMF projects 2.5% GDP growth in Ukraine in 2017
      Nov02

      IMF projects 2.5% GDP growth in Ukraine in 2017

      The International Monetary Fund (IMF), Ukraine`s key lender, keeps its forecast of economic growth in Ukraine for 2017 at 2.5% amid 8.5% inflation year-on-year, according to the IMF`s November 2016 Regional Economic Issues (REI) report. The IMF also maintained its forecast of Ukraine`s GDP growth for 2016 at 1.5% with 13.5% inflation. According...

      NBU cuts official exchange rate to UAH 25.58 to dollar
      Nov02

      NBU cuts official exchange rate to UAH 25.58 to dollar

      The National Bank of Ukraine on Tuesday evening lowered the official hryvnia exchange rate by seven kopiykas, bringing the national currency to UAH 25.58 to the dollar. The Central Bank set the following official exchange rates of the hryvnia against leading foreign currencies for November 2: $100 costs UAH 2,558.4772 (on November 1, it was UAH...

      Reuters: Oil extends losses after report shows surprise U.S. stocks build
      Nov02

      Reuters: Oil extends losses after report shows surprise U.S. stocks build

      Crude oil prices fell for a fourth day on Wednesday, as jittery investors awaited official U.S. stockpile figures later in the day after industry data showed a surprise build in inventories, underlining a persistent global glut, according to Reuters. The American Petroleum Institute said crude stockpiles rose by 9.3 million barrels in the week to...

      FBI chief Comey’s actions called into question

      If Hillary Clinton becomes President of the US, what will she do about the FBI chief she must loathe? ||| If Hillary Clinton becomes President of the United States, what will she do about the FBI chief she must loathe? Kim Sengupta looks at the role of the FBI director in US politics… London – President Bill Clinton, ruminating with a...

      Visa liberalization, Donbas conflict unrelated – Ukraine`s Foreign Ministry
      Nov02

      Visa liberalization, Donbas conflict unrelated – Ukraine`s Foreign Ministry

      Granting a visa-free regime to Ukraine and the process of peaceful settlement of Donbas conflict in the Normandy format are not interdependent, according to the Deputy Foreign Minister of Ukraine for European Integration Olena Zerkal, Ukraine Today reports. ”European Union is an institution acting in accordance with its internal regulations and...

      Lawyer tells who tipped FSB on Sushchenko
      Nov02

      Lawyer tells who tipped FSB on Sushchenko

      Mark Feygin, the Russian lawyer of a Ukrainian journalist Roman Sushchenko whom Russia accuses of ”espionage”, has said that it was a ”family friend” who had tipped the Russian Federal Security Service which led to Sushchenko`s arrest in Moscow September 30, TV Channel 5 reports. ”He [Roman Sushchenko] visited his brother in Moscow several times....

      Ukraine sets out strategy to investigate cash-rich officials
      Nov02

      Ukraine sets out strategy to investigate cash-rich officials

      Ukrainian authorities will investigate politicians and officials who declare cash assets of more than $100,000 and will impose prison sentences of up to 15 years on any found guilty of wrongdoing, General Prosecutor Yuriy Lutsenko said on Tuesday, according to Reuters. His announcement came after Ukraine completed a landmark anti-corruption...

      Russia prepares for deep budget cuts that may even hit defence
      Nov02

      Russia prepares for deep budget cuts that may even hit defence

      Russia is preparing to slash government spending across the board over the next three years as it struggles to bring down a budget deficit swollen by lower oil prices and recession, according to The Financial Times. Deep cuts are looming for health, education and even defense — which is slated for a swingeing 27% reduction in expenditure next...

      Major bank fraud scheme participant arrested in Kyiv
      Nov02

      Major bank fraud scheme participant arrested in Kyiv

      Kyiv law enforcers have detained a head of one of the departments of Standard Bank, complicit in an illegal withdrawal of UAH 900 million from depositors` accounts, according to the press service of the SBU Security Service of Ukraine. ”The SBU along with the fiscal service revealed that the official in 2013-2015 withdrew more than UAH 900...

      Ukrainians shocked as politicians declare vast wealth
      Nov02

      Ukrainians shocked as politicians declare vast wealth

      An anti-corruption reform requiring senior Ukrainian officials to declare their wealth online has exposed a vast difference between the fortunes of politicians and those they represent, according to Reuters. Some declared millions of dollars in cash. Others said they owned fleets of luxury cars, expensive Swiss watches, diamond jewelry and large...