Section: Economy

      Prime Minister of Ukraine calls the establishment of a land market in Ukraine a controversial idea
      Jan06

      Prime Minister of Ukraine calls the establishment of a land market in Ukraine a controversial idea

      Prime Minister Volodymyr Hroisman calls the establishment of a land market in Ukraine a controversial issue.He said it in interview with Ukrinform, Censor.NET reports. “Many people argue about whether a land market is necessary or not. This is a controversial issue… Has anyone explained how this land market should look like? No one...

      Expected IMF tranche to Ukraine may be cut to $1 billion
      Jan05

      Expected IMF tranche to Ukraine may be cut to $1 billion

      The fourth tranche of the International Monetary Fund (IMF) to Ukraine is expected in February 2017 after the meeting of the Ukraine’s President Petro Poroshenko with the Head of the IMF Christine Lagarde at the World Economic Forum in Davos, Switzerland, on January 17-20, 2017. In November 2016, the parties discussed the possibility of 1.8...

      Ukrainian PJSC UkrTransNafta to tranship Urals crude oil
      Jan05

      Ukrainian PJSC UkrTransNafta to tranship Urals crude oil

      Ukrainian public joint-stock company Ukrtransnafta (PJSC UkrTransNafta), the national operator that provides services on oil transportation by pipelines to the Ukrainian refineries and its transit to the countries of Central and Eastern Europe, has made arrangements with public joint-stock company Ukrtatnafta (Kremenchuk oil refinery) on the...

      Seaports in Ukraine cut cargo handling in 2016
      Jan05

      Seaports in Ukraine cut cargo handling in 2016

      State Enterprise “Ukrainian Sea Ports Authority” reports that Ukraine’s seaports in 2016 handled 131.99 million tonnes of cargo. This data is 8.9% less than in 2015. Transshipment of exported cargo reduced by 3.3%, to 100.395 million tonnes. Transshipment of imported cargo decreased by 10.8%, to 16.013 million tonnes. Transshipment of...

      Gas consumption in Ukraine reduced in 2016
      Jan05

      Gas consumption in Ukraine reduced in 2016

      The Ministry of Energy and Coal Industry reports that Ukraine in 11 months of 2016 cut natural gas consumption by 6.2% or by 1.825 billion cubic meters. This data is compared to 27.596 billion cubic meters that were consumed during the period January-November 2015. Industry consumed 8.538 billion cubic meters. That is 17.2% down compared to...

      Ukraine follows all gas transit obligations – UKRTRANSGAZ
      Jan04

      Ukraine follows all gas transit obligations – UKRTRANSGAZ

      As reports the operator of the Ukrainian gas transport system PJSC UKRTRANSGAZ gas transit through Ukraine grew by 23% to 82.2 billion cubic meters in 2016. Press Service of UKRTRANSGAZ on its official website: “Specifically, in December 2016, for the needs of European consumers were transported 8.4 billion cubic meters, which is 25% more...

      State debt of Ukraine decreased to $67.54 billion
      Jan04

      State debt of Ukraine decreased to $67.54 billion

      The Ukrainian Ministry of Finance reports that the total direct and guaranteed state debt of Ukraine decreased by $810 million (1.2%), to $67.54 billion in the 11th month of 2016. Ukraine’s total debt in 2015 decreased by $4.32 billion (6.2%). While during previous months of 2016 it grew by $2.03 billion (3.1% in dollars or 10% in hryvnia),...

      Oil prices rise because of OPEC plan to reduce output
      Jan04

      Oil prices rise because of OPEC plan to reduce output

      Organizations of the Petroleum Exporting Countries (OPEC) in November 2016 decided to reduce oil output and this agreement enter into force at the first week of 2017. According to Reuters, oil edged higher on Wednesday, January 4, 2017. Global benchmark Brent crude futures LCOc1 were up 49 cents at $55.96 a barrel by 0924 GMT (4:24 a.m. ET). U.S....

      Gazprom plans the Nord Stream-2 pipeline and finances Turkish Stream pipeline
      Jan03

      Gazprom plans the Nord Stream-2 pipeline and finances Turkish Stream pipeline

      The Nord Stream-2 pipeline will stretch from Russia to Germany through the Baltic Sea and will be finished in 2019. “The Nord Stream (delivery) rate clearly demonstrates that the northern corridor for Russian gas supplies into the European market is of high demand. And once again it confirms the importance and the urgency to approve and...

      U.S. Senators announced more sanctions against Russia
      Jan03

      U.S. Senators announced more sanctions against Russia

      The American politician Adam Schiff, a member of the House of Representatives of the US Democratic Party Congressman, said that in case if the U.S. President Donald Trump tries to soften sanctions against Russia then sanctions will be even stronger. Adam Schiff stated in an interview with ABC that Donald Trump has to begin to trust the U.S....