Section: Economy

      Ukraine introduced sanctions against Russia
      Dec30

      Ukraine introduced sanctions against Russia

      The National Security and Defense Council of Ukraine (NSDC) has introduced additional sanctions against individuals and legal entities of the Russian Federation, the NSDC`s press service said on Thursday. In particular, ”the sanctions have been imposed on Crimea residents who have been elected to the Russian State Duma, as well as against the...

      Ukrainians overqualified for Polish job market
      Dec30

      Ukrainians overqualified for Polish job market

      About a third of Ukrainians coming to Poland for work are university educated, but only some 5,000 out of more than a million Ukrainians found a suitable job in 2016, a new report shows, according to Radio Poland. Polish employers are eager to hire Ukrainians mostly for manual labor, often at construction sites, because their salary expectations...

      New sanctions, expulsion of diplomats ”not the sum total” of response to Russia`s actions – Barack Obama
      Dec30

      New sanctions, expulsion of diplomats ”not the sum total” of response to Russia`s actions – Barack Obama

      U.S. President Barack Obama has commented on the latest sanctions imposed on Russia by the United States, which were officially confirmed by the State Treasury December 29, according to the White House press service. ”These actions are not the sum total of our response to Russia`s aggressive activities. We will continue to taka a variety of...

      Living wage in 2017 will be increased to USD 65 – Ministry of Social Policy of Ukraine
      Dec30

      Living wage in 2017 will be increased to USD 65 – Ministry of Social Policy of Ukraine

      The government will raise the living wage for able-bodied persons in 2017 in three stages – up to UAH 1,762, Minister of Social Policy of Ukraine Andriy Reva said on a conference call about raising the minimum wage from January 1, 2017. ”The living wage for able-bodied persons is set at UAH 1,600 from January 1, 2017, UAH 1,684 from May 1, and...

      U.S. announced new sanctions on Russia in response to election interference
      Dec30

      U.S. announced new sanctions on Russia in response to election interference

      U.S. President Barack Obama took unprecedented steps Thursday retaliating against what the administration described as ”Significant Malicious Cyber-Enabled Activities,” including sanctioning six Russian individuals and five Russian entities, according to CNN. This is the first time the names of Russian officials involved in the hacking have...

      Naftogaz should get rid of oil production assets in Egypt – Naftogaz CEO
      Dec29

      Naftogaz should get rid of oil production assets in Egypt – Naftogaz CEO

      NJSC Naftogaz of Ukraine should get rid of its oil production assets in Egypt as unprofitable, the company CEO, Andriy Kobolev, told journalists Thursday, December 28. ”It [the oil production business in Egypt] could be developed or we could quit it… I think we should quit it,” said Kobolev, adding that today this business does not bring...

      Ukraine boosting corn starch production and exports
      Dec29

      Ukraine boosting corn starch production and exports

      Ukraine continues boosting production and exports of corn starch. So, more than 8.73 KMT of corn starch was produced in the country in November, or 60% more than in November 2015 (5.46 KMT), according to UkrAgroConsult. Ukraine`s corn starch output increased 22% in 2016 year-on-year, to 62.28 KMT against 50.98 KMT at the same time in 2015,...

      Monetization of subsidies to allow launching gas market for households – Naftogaz CEO
      Dec29

      Monetization of subsidies to allow launching gas market for households – Naftogaz CEO

      Monetization of subsidies that Ukraine`s population gets from the state to cover the utility costs will allow launching the natural gas market for the population, which will result in consumers being able to choose their gas supplier, Naftogaz CEO Andriy Kobolev said at a meeting with journalists December 28. ”The key to the launch of the gas...

      Trump says investigation should go on over possible Russian hacking, scoffs at idea of sanctions for cyberattacks
      Dec29

      Trump says investigation should go on over possible Russian hacking, scoffs at idea of sanctions for cyberattacks

      On the continuing federal investigations into Russian hacking during the U.S. election, U.S. President-elect Donald Trump, during his Florida visit, said intelligence officials ”should do the best they can, figure it all out,” Business Insider reports. That comment is a departure from the president-elect`s claims that the allegations against...

      Gazprom continues to violate contractual obligations on gas transit – Ukrtransgaz
      Dec29

      Gazprom continues to violate contractual obligations on gas transit – Ukrtransgaz

      Russian energy giant Gazprom, which transits its gas to the EU via Ukraine, continues to violate the agreements on gas pressure values, decreasing the pressure on the entry to the Ukrainian gas transport system at the eastern border, according to Ukrtransgaz spokesman Maksym Beliavskiy. ”Gazprom continues to violate contractual pressure values:...