Section: Economy
NBU limits cash payments by individuals to UAH 50,000 per day
The National Bank of Ukraine(NBU) sets in its Board Resolution No. 407 to lower the upper threshold for settlement of payments in cash for individuals from UAH 150,000 to UAH 50,000 000 per one business day. On the official website NBU explains that setting an upper limit on cash payments will ensure regular cash supplies to the banking system...
Gas transit through Ukraine increased in 2016
PJSC Ukrtransgaz reports that transit of natural gas through Ukrainian gas transportation system (GTS) increased compared with 2015 by 22.5% . Gas transit through Ukraine in the end of 2016 increased by 24.5% compared with the end of 2015. In December 2016 through Ukraine to Europe were transited 8.035 billion cubic meters of gas. Through...
“When Russia hack U.S. election it’s an act of war” – McCain in Kyiv
The Republican paid a visit to Ukraine where he said Friday that Russia must be made to pay the price for cyber attacks on the United States and that it was possible to impose many sanctions, including on financial institutions. ”When you attack a country, it`s an act of war,” McCain said in an interview with the Ukrainian TV channel 1+1 while on...
Naftogaz gets $500 mln loan secured with World Bank guarantee
On 30 December 2016, Naftogaz signed with Citi and Deutsche Bank a euro-denominated revolving credit facility for gas purchase in the equivalent of $500 million, according to the state holding`s press service. ”The facility is secured by the World Bank`s guarantee, which, in turn, is secured by the sovereign guarantee issued within the formation...
Linseed exports from Ukraine three times lower this season
Linseed exports from Ukraine totaled 4.8 KMT in November 2016/17 that is 14% more than last month (4.2 KMT) and 7% more than in November 2015 (4.5 KMT), UkrAgroConcult reports. Despite November`s upward trend in exports, their three-month total amounted to just a third of the volume exported in the same period last year: 13.3 KMT against 40 KMT,...
National Bank of Ukraine in December spends $120 mln to support hryvnia
The National Bank of Ukraine in forex auctions in December sold $119.4 million more than it bought, the NBU`s press service reports. According to the regulator, in the past month the NBU held three auctions for foreign currency sale, having purchased $115 million. At the same time, the central bank held another five auctions where it sold $234.4...
Odesa Portside Chemical Plant suspends operations due to high gas prices, debts
Due to the high price of natural gas, a decision was made on the temporary suspension of operations of the plant`s capacities and facilities until repayment of existing debt. Ukraine`s major chemical company Odesa Portside Chemical Plant” (OPP) has announced it is halting operations due to high gas prices and its debt to Naftogaz of Ukraine in...
National Bank of Ukraine reports 10% rise in money transfers into Ukraine in 3Q 2016
The volume of private transfers to Ukraine in the third quarter of 2016 amounted to $1.438 billion, which is $127 million, or 9.7% more than in the same quarter of 2015, according to the NBU website. The NBU says that compared with the previous quarter, the volume of private transfers to Ukraine in the third quarter increased by $69 million, or...
Austrian government to seek easing Russia sanctions during 2017 OSCE presidency
The Austrian government seeks to have the EU sanctions against Russia eased, according to the country`s foreign minister Sebastian Kurz, Spiegel reports. From January 2017 Austria will be chairing the OSCE, and it intends to seek through the organization a change of the EU sanctions policy toward Russia, Minister of Foreign Affairs of Austria...
”Economic iintelligence expert from Moscow” to take part in National Bank audit of PrivatBank`s Cyprus branch
Deputy head of the NBU audit inspection at the Cyprus branch of the recently nationalized PrivatBank was appointed Mikhail Lastovsky, the economist close to the Russian government, co-director of the group on corruption risks analysis at the coordination commission of Russia`s ”Open Government”, that`s according to a creative producer of 1+1`s...