Section: Economy

      Ukraine to continue cooperation with IMF, fight for reforms – Ukraine’s Prime Minister
      Mar16

      Ukraine to continue cooperation with IMF, fight for reforms – Ukraine’s Prime Minister

      Ukraine intends to implement fully and on time the International Monetary Fund`s Extended Fund Facility totaling $17.5 billion until 2019, and carry out relevant reforms, Prime Minister of Ukraine Volodymyr Groysman told a Kyiv business forum Thursday. ”Today, it is a challenge for modern politicians, for all of us. We will continue our...

      Russian Sberbank in Ukraine introduces new restrictions on cash withdrawals
      Mar16

      Russian Sberbank in Ukraine introduces new restrictions on cash withdrawals

      Russia`s PJSC Sberbank operating in Ukraine has introduced new, more stringent limitations for its clients on cash withdrawals, which have come in force today, March 16, according to the bank`s press service. Restrictions are introduced ”in the context of illegal actions against the bank by third parties,” the report says. New restrictions for...

      Poroshenko expects new $1 bln tranche from IMF in March
      Mar16

      Poroshenko expects new $1 bln tranche from IMF in March

      Ukrainian President Petro Poroshenko says he expects a fourth disbursement worth US$1 billion from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) in March. ”I can say for sure now that the IMF Executive Board will meet on March 20. As IMF Managing Director Christine Lagarde promised me, we`ll get $1 billion, and I...

      After mass protests across Ukraine Poroshenko and Government turn 180 degree and announce economic blockade of Donbas
      Mar15

      After mass protests across Ukraine Poroshenko and Government turn 180 degree and announce economic blockade of Donbas

      The National Security and Defense Council of Ukraine on Wednesday decided to stop the movement of goods across the line of demarcation in the zone of the Anti-Terrorist Operation, considering the earlier expropriation of Ukrainian companies in the militant-controlled areas and escalation at the frontline, Secretary of the National Security and...

      Ryanair to launch 11 flights from Kyiv, Lviv in October
      Mar15

      Ryanair to launch 11 flights from Kyiv, Lviv in October

      Europe`s largest low-cost air carrier, Ryanair, plans to start 11 flights from Kyiv and Lviv on October 30, 2017, Chief Commercial Officer of Ryanair David O`Brien announced at a joint press conference with Ukrainian Infrastructure Minister Volodymyr Omelyan in Kyiv on March 15. Mr O`Brien said Ryanair would launch flights to Stockholm,...

      Prime Minister of Ukraine Volodymyr Groysman and President of Turkey agree on different economic projects
      Mar15

      Prime Minister of Ukraine Volodymyr Groysman and President of Turkey agree on different economic projects

      Prime Minister of Ukraine Volodymyr Groysman and President of the Republic of Turkey Recep Tayyip Erdogan have agreed on intensive economic cooperation between the two countries during the prime minister`s official visit to Ankara, according to the Ukrainian Cabinet website. Groysman boasted Ukraine`s complete cycle of design and production of...

      Organic grain terminal to be built in Ukraine
      Mar15

      Organic grain terminal to be built in Ukraine

      LLC Bio-Line-Reni, an agro science supply company, plans to build an organic grain handling terminal at the Reni Seaport in Odesa, Ukraine, according to a report from UkrAgroConsult. The technology of the complex will comply with standards and rules of Ukraine`s Research Institute of Organic Agriculture (FIBL). The port`s representatives...

      Russia`s Gazprom doubling down on ”anti-Ukraine” Baltic pipeline – Forbes
      Mar15

      Russia`s Gazprom doubling down on ”anti-Ukraine” Baltic pipeline – Forbes

      Russia`s biggest gas company is really doubling down on its proposed Nord Stream II pipeline even as political pressure and new realities of the global energy markets weigh against it, according to Forbes. Gazprom is relentless, and despite its biggest partners being largely sidelined due to a Polish anti-trust decision last year, the Russian...

      Russia`s Sberbank limits cash withdrawals in Ukraine
      Mar15

      Russia`s Sberbank limits cash withdrawals in Ukraine

      PJSC Sberbank has imposed restrictions on cash withdrawal through the bank`s cash desk in the amount of UAH 30,000 or the equivalent of this amount in foreign currency per day for any client, according to the bank`s press service. The press office of Sberbank of Russia`s subsidiary in Ukraine said that temporary restrictions were caused by a...

      Ukraine to boost agritrade with Azerbaijan
      Mar15

      Ukraine to boost agritrade with Azerbaijan

      Ukraine intends to develop trade and economic relations with Azerbaijan in the agri-industrial complex and increase bilateral trade, Ukrainian Agrarian Policy and Food Minister Taras Kutoviy said during his meeting with the Azerbaijani delegation headed by Economy Minister Shahin Mustafayev, according to the ministry`s press service. ”Ukraine is...