Section: Economy

      Hryvnia strengthens to UAH 25.79 to dollar on interbank market
      Dec08

      Hryvnia strengthens to UAH 25.79 to dollar on interbank market

      Hryvnia quotations against the dollar on the interbank currency market on Thursday strengthened to UAH 25.75/25.79 to the dollar by the middle of trade, a broker at a commercial bank has told an UNIAN correspondent. Hryvnia quotes against the euro have settled at UAH 27.8125/27.8557, while those against the Russian ruble have settled at UAH...

      Ukraine boosts crude oil imports by 1.8 times
      Dec08

      Ukraine boosts crude oil imports by 1.8 times

      Ukraine in January-November 2016 imported crude oil and gas condensate worth $1,449,800, which is 1.8 times more than in the same period last year, according to the State Fiscal Service. The main supply of oil (96.8%) came from Kazakhstan in the amount of $145 million, while the remaining volume (3.2%) came from Romania, worth $4.7 million. As...

      Germany demands cooperation from Russia as ”question of war and peace” is on table
      Dec08

      Germany demands cooperation from Russia as ”question of war and peace” is on table

      German Foreign Minister Frank-Walter Steinmeier on Wednesday demanded that Russia cooperate constructively, ahead of the meeting of foreign ministers of the Organization for Security and Cooperation in Europe (OSCE) in Hamburg, according to Ukraine Today. During a meeting with his Russian counterpart Sergei Lavrov, Steinmeier told him that Moscow...

      Slovak gas cheaper than gas offered by Gazprom – Naftogaz CCO
      Dec08

      Slovak gas cheaper than gas offered by Gazprom – Naftogaz CCO

      Naftogaz of Ukraine Chief Commercial Officer (CCO) Yuriy Vitrenko says that the price of natural gas Ukraine currently buys from the Slovak Republic is lower than the price of the gas Russia`s giant Gazprom may sell at in the first quarter of 2017. ”The price of Gazprom gas is now not $140-160 as Yulia Tymoshenko states, but $178-183 per 1,000...

      Cabinet approves draft law on establishment of Energy Efficiency Fund
      Dec07

      Cabinet approves draft law on establishment of Energy Efficiency Fund

      The Cabinet of Ministers approved at its Wednesday meeting a draft law on the establishment of the Energy Efficiency Fund in Ukraine and submitted it to parliament. Presenting the bill, Deputy Prime Minister of Ukraine Hennadiy Zubko said that the fund should be an effective tool for implementing programs of effective energy consumption. ”Today,...

      NBU declares another bank insolvent
      Dec07

      NBU declares another bank insolvent

      The National Bank of Ukraine (NBU) has adopted a decision to declare Trust Bank insolvent in connection with the violation of the regulator`s ban to attract deposits by this bank, established on July 2 due to the problematic status of the financial institution, the NBU reported on its website, with reference to the decision of the Board of...

      Ukrnaftoburinnia falls out of OPP privatization bid
      Dec07

      Ukrnaftoburinnia falls out of OPP privatization bid

      Ukrnaftoburinnia oil company has refused to participate in a tender for the privatization of 99.6% state-owned shares in the Odesa Port-Side Chemical Plant (OPP), scheduled for Dec. 14, with a starting price at UAH 5.16 billion (about $200 million), deputy chief of the company`s legal department Taras Metenko told UNIAN. ”Yes, we have refused to...

      Naftogaz buys 1.8 bcm of gas from European suppliers by means of EBRD loan
      Dec07

      Naftogaz buys 1.8 bcm of gas from European suppliers by means of EBRD loan

      Ukraine`s oil and gas giant NJSC Naftogaz of Ukraine in August-October bought 1.8 billion cubic meters of gas from the European companies Axpo Trading AG, CEZ, Engie SA, Eni Trading & Shipping S.p.A., RWE Supply & Trading GmbH and Uniper Global Commodities SE at the expense of the credit line of the European Bank for Reconstruction and...

      Odesa Portside Chemical Plant’s sale fails due to lack of bids from investors. Again
      Dec07

      Odesa Portside Chemical Plant’s sale fails due to lack of bids from investors. Again

      A new tender to sell 99.6% of shares of Odesa Portside Chemical Plant (OPP) will not take place due to a lack of bids from investors, the press service of the State Property Fund of Ukraine reported. The auction was to be held on December 14 with a starting price of UAH 5.16 billion, or about $200 million. ”Applications from potential...

      Sanctions on Russia Need More Teeth
      Dec07

      Sanctions on Russia Need More Teeth

      It has been more than two years since the European Union and the United States imposed economic sanctions on Russia for its aggression in Ukraine. How effective have the sanctions been?According to US Assistant Secretary of State Victoria Nuland in 2016, sanctions were meant to “press Moscow to bring an end to the violence in Ukraine and fully...