Section: Economy
Ukrainian ports` potential assessed by Japan International Cooperation Agency
The seaport ”Yuzhnyi” has the greatest development potential among Ukrainian seaports. It is proved by transport system and logistics analysis of the Southern region, conducted by the working group of Japan International Cooperation Agency (JICA), according to UkrAgroConsult. Among other things, traffic forecast and attractive projects of...
Ukraine No.1 in Europe in terms of gas reserves – Naftogaz
Ukraine`s natural gas reserves in its underground storage facilities amounting to 8.217 billion cubic meters are the largest in Europe, as of March 5, 2017, the press service of the national oil and gas holding, Naftogaz of Ukraine, wrote on Facebook. ”As of early spring, our underground gas storage facilities have the most substantial reserves...
IMF meeting on Ukraine scheduled for March 20 – spokesman
The Ukraine-related meeting of the Executive Board of the International Monetary Fund has been scheduled for March 20, according to the IMF spokesman Gerry Rice. The meeting is scheduled for March 20, Rice said. The Executive Board of Ukraine`s key lender, the IMF, on the issue of allocating another bailout tranche in the amount of $1 billion,...
Ukraine plans to increase cargo transportation tariffs
Ukraine plans to raise cargo transportation tariffs by 25% in 2017, according to a report from UkrAgroConsult. Ukrainian Railways explained this step by increased prices for material resources, fuel, electricity and the necessity to invest in the rolling stock. This triggered a series of discussions among shippers, UkrAgroConsult wrote. Ukrainian...
Oil prices rise on output cuts, but U.S. stockpiles drag
Oil prices climbed on Thursday after sharp losses the session before, buoyed by strong compliance with touted international production cuts, although a surge in U.S. crude inventories continued to drag, according to Reuters. The Organization of the Petroleum Exporting Countries (OPEC) and other oil producers reached an agreement last year to cut...
Ukrainian PM names key IMF recommendations: pension reform, launch of land turnover
Key recommendations of the International Monetary Fund to Ukraine are the implementation of pension reform and the introduction of land turnover, according to Prime Minister Volodymyr Groysman. The prime minister recalled that Ukraine had agreed on an updated Memorandum with the IMF on the cooperation program, and that it includes no provision on...
EU to extend anti-Russian sanctions over Ukraine next week – journalist
The European Union will extend sanctions next week due to Russia`s threat to the territorial integrity of Ukraine, according to RFE/RL correspondent in Brussels Rikard Jozwiak. ”EU will next week extend sanctions on 150 people and 37 entities from Ukraine and Russia who have threatened the territorial integrity of Ukraine,” Jozwiak wrote on...
Accounting Chamber: Tax debt in Ukraine grows almost fourfold over past 3 years
Debt on taxes, levies and payments to the state budget of Ukraine increased by 3.8 times in 2014-2016, reaching almost UAH 59 billion, or US$2.18 billion, as of January 1, 2017, according to the website of the Accounting Chamber of Ukraine, referring to the audit report on the effectiveness of tax debt collection, where auditors recognized the...
National Bank of Ukraine to initiate sanctions against Sberbank subsidiary in Ukraine for servicing holders of separatist ”passports” of ”DPR-LPR”
The National Bank of Ukraine has told UNIAN that, if Sberbank of Russia accepts ”passports” of the unrecognized ”DPR” and ”LPR”, the issue of introducing sanctions against the bank`s subsidiary in Ukraine will be submitted to the National Security and Defense Council. ”If this information is confirmed, the NBU will initiate a request to the NSDC...
Russia threat to civilized world, new sanctions needed – diplomat
Russia consciously undermines the international order and threatens the entire civilized world, therefore the West should apply more economic sanctions against Moscow to make it respect international law, according to Volodymyr Vasylenko, the extraordinary and plenipotentiary ambassador of Ukraine, judge of the International Court of Justice...