Section: Economy
Ukraine to join development of Trans-Caspian international transport corridor
The heads of the railways of Azerbaijan, Georgia, Kazakhstan, and Kyrgyzstan invite the government of Ukraine to join the development of the Trans-Caspian international transport corridor and possibly to create a joint venture, according to the Ukrainian Cabinet`s press service. Ukraine in turn is ready to take part in the creation of new...
Ukraine`s Energy Regulation Commission cancels introduction of delivery charge for gas
Ukraine`s National Energy and Utilities Regulation Commission (NEURC) has canceled its resolution on the introduction of a delivery (customer) charge for the population from April 1, 2017. The relevant decision was unanimously supported by the members of the commission at an extraordinary meeting of the regulator. ”Today we must take a decision,...
Naftogaz signs memo on possible cooperation with two European gas transport system operators
The national oil and gas holding Naftogaz of Ukraine and Ukrtransgaz, operator of Ukraine`s gas transport system, have signed a Memorandum of Understanding on joint assessment of cooperation opportunities in the use and development of Ukraine`s gas transportation system (GTS) with Snam S.p.A. (Italy) and Eustream a.s. (Slovakia) – one of the...
G7 rejects sanctions on Russia after ”chemical attack” in Syria
The G7 group of nations has failed to reach agreement over threatening new sanctions against Russia and Syria, according to the BBC. Foreign ministers were seeking a common position on the Syrian conflict, before the U.S. secretary of state flies to Russia to try to persuade it to abandon its Syrian ally, the BBC reported. The nations agreed...
Ukraine`s sugar exports soar ninefold in 2017
Ukraine in January-March 2017 exported 267,400 tonnes of sugar, which was nine times more year-over-year (y-o-y), according to the Ukrainian Agrarian Confederation press service. Ukraine`s sugar exports in monetary terms were estimated at US$131.5 million in Q1 2017, or 1.3% of the total national exports. The main buyers of Ukrainian sugar in...
Ukraine promises IMF to legalize gambling by 2018
Ukraine`s government has promised to start earning increased revenue from legal gambling by next year, according to the Ukrainian government`s letter of intent to IMF chief Christine Lagarde, detailing the country`s plans to reform its economy in order to qualify for $17.5 billion in financial assistance, according to CalvinAyre. The letter,...
Eurovision-2017: Deputy PM comments on possible sanctions against Ukraine over Russian entrant row
Deputy Prime Minister of Ukraine Viacheslav Kyrylenko said Kyiv is ready to further clarify to the European Broadcasting Union (EBU) the situation regarding the entry ban against Russian entrant Julia Samoilova if the issue of any sanctions arises following Eurovision-2017, Obozrevatel news outlet reports. ”I think that our position will be...
Naftogaz reports almost UAH 27 bln in profits in 2016
National oil and gas holding Naftogaz of Ukraine in 2016 received UAH 26.5 billion, or US$ 984 million, in net profit, while the company saw a UAH 27.7 billion, or $1.029 billion, net loss in 2015, according to the holding`s press service. ”In 2016, Naftogaz received UAH 26.5 billion of net profit for the first time over the five years,” the...
Ukraine leads in corruption rating of 41 countries of Europe, the Middle East, India and Africa
Ukraine tops the fraud rating composed of 41 countries of Europe, the Middle East, India and Africa (EMEIA), according to a 2017 fraud survey conducted at the request of Ernst & Young. Some 51% of EY Fraud Survey respondents still think that the problem of bribery and corruption is pressing. Some 27% of the polled claim that bribery is an...
Ukrainian flour exports hit a 20-year high
Ukrainian flour exports hit a 20-year high of over 340 KMT in the 2015/16 season. As expected, the upward trend in flour supplies from the country continued into MY 2016/17, UkrAgroConsult reports. Global trends also contribute to growth of flour exports. The world`s demand for flour has increased 15-20% over the last 4-5 years. Noteworthy is...