Section: Economy
Ukraine hopes for another $4.5 bln from IMF by year-end
The National Bank of Ukraine (NBU) expects that Ukraine will receive three more disbursements from the IMF to the tune of some US$4.5 billion by the end of the year. ”We hope that Ukraine will continue following the path of reform as part of cooperation with the IMF, and we`ll get three more tranches by the end of the current year,” NBU Deputy...
Ukraine to step up agricultural cooperation with Saudi Arabia
Ukraine plans to step up cooperation with Saudi Arabia in the agrarian sector, invite investors from that country and facilitate their investment in domestic livestock and fishery, as well as boost bilateral trade, according to the Ukrainian Agrarian Policy and Food Ministry`s press service. ”Important tasks are to boost trade between the...
Oil rises to near one-month high on gradual tightening of supplies
Oil prices climbed to a one-month high on Wednesday on signs of gradual tightening in a market bloated by years of overproduction that has left storage tanks around the world brimming with unsold fuel, according to Reuters. Prices for front-month Brent crude futures, the international benchmark for oil, were at $54.40 per barrel at 0345 GMT, up...
EU official says no sign Trump plans to ease Russia sanctions – media
A senior European Union official said on Tuesday he had seen no sign that U.S. President Donald Trump`s administration planned to lift sanctions on Russia over its activities in Ukraine, and warned that unilateral American sanctions on Russia could destabilize some European energy markets, according to Reuters. See also: The U.S. Treasury...
Ukraine receives second EUR 600 mln disbursement from EU
The European Union has provided its second tranche of macro-financial assistance to Ukraine in the amount of EUR 600 million, Ukrainian President Petro Poroshenko tweeted. Today the EU made the 2nd payment of €600m to Ukraine as a part of its Macro-Financial assistance to stabilize & reform its economy,” Petro Poroshenko tweeted. As UNIAN...
Ukraine takes nearly 4 bcm of gas from underground storage in 2017
Natural gas stocks in Ukraine`s underground gas storage facilities shrank by 3.9 billion cubic meters (bcm) in January-March 2017, which was 1.6 bcm down year-over-year, according to state-run Ukrtransgaz, the gas transport system operator. In total, Ukraine pumped 6.7 bcm out of underground storage during the heating season, which started on...
Fitch affirms Ukraine`s Kyiv and Kharkiv at `B-`, outlook stable
Fitch Ratings has affirmed Kyiv`s and Kharkiv`s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at `B-,` according to Fitch press releases. The outlooks on both cities are stable, Fitch Ratings said. The agency also affirmed Kyiv`s National Long-Term Rating at `BBB(ukr).` The affirmation of Kyiv`s Long-Term Foreign- and...
Transit of Russian gas via Ukraine up 20%
Transit of natural gas through the Ukrainian gas transport system (GTS) in January-March 2017 increased by 20% compared with the same period in 2016, up to 23.2 billion cubic meters, according to state-owned company Ukrtransgaz. In March, the transit volume amounted to 6.6 bcm, which corresponds to the indicators of March 2016, the report says....
Ukraine cannot delay raising effective pension age – IMF
Ukraine cannot afford to delay comprehensive pension reform much longer, including by raising the effective retirement age, the IMF said in a press release following a Monday meeting of the Executive Board on the Ukrainian issue. ”Notwithstanding the large fiscal adjustment, public debt remains high. The urgency of structural fiscal reforms to...
IMF approves 4th loan tranche for Ukraine
Ukraine`s key creditor, the International Monetary Fund, has completed the third review of its cooperation program with Ukraine involving the Extended Fund Facility and approved for the first time in history the allocation to Ukraine of the fourth loan tranche worth $1 billion, President Petro Poroshenko wrote on Facebook. ”The Executive Board of...