Section: Economy

      NBU cuts official exchange rate to UAH 26.65 to dollar
      Dec27

      NBU cuts official exchange rate to UAH 26.65 to dollar

      The National Bank of Ukraine on Tuesday evening lowered the official hryvnia exchange rate by 29 kopiykas, bringing the national currency to UAH 26.65 to the dollar. The Central Bank set the following official exchange rates of the hryvnia against leading foreign currencies for December 28: $100 costs UAH 2,665.0670 (on December 27, it was UAH...

      Ukraine fulfills all obligations to cooperate with IMF – Ukrainian Minister of Economic Development and Trade
      Dec27

      Ukraine fulfills all obligations to cooperate with IMF – Ukrainian Minister of Economic Development and Trade

      Ukraine has fulfilled all its obligations to continue cooperation with the key creditor of the country, the International Monetary Fund, which opens the way to get the fourth tranche of $1.3 billion, Ukrainian Minister of Economic Development and Trade Stepan Kubiv said at a press conference in Kyiv. ”As of today, Ukraine has fulfilled all...

      Fate of Odesa Portside Chemical Plant to be decided this week – Groysman
      Dec27

      Fate of Odesa Portside Chemical Plant to be decided this week – Groysman

      A decision on the further operations of Odesa Portside Chemical Plant, which failed to be sold, will be made in the coming days, Prime Minister Volodymyr Groysman said Tuesday. ”I have given relevant instructions, now it`s First Deputy Prime minister Stepan Kubiv who is dealing with this issue. They held several meetings of the working group. I...

      Ukraine`s international reserves amounts to $15.7 bln – National Bank of Ukraine
      Dec27

      Ukraine`s international reserves amounts to $15.7 bln – National Bank of Ukraine

      The volume of Ukraine`s international reserves to date is about $15.7 billion, and this amount is sufficient for National Bank to carry out interventions in order to smooth down currency fluctuations and fulfill the government`s obligations, according to the regulator`s comments on the situation in the currency market. ”The National Bank has...

      Ukraine’s TAS Group acquires Universal Bank from Eurobank Group
      Dec27

      Ukraine’s TAS Group acquires Universal Bank from Eurobank Group

      The parties are confident that the transaction will contribute to the consolidation and further stable growth of banking sector of Ukraine, reads the statement released by the press service of TAS Group, owned by Serhiy Tihipko. ”TAS Group and Eurobank Ergasias S.A. (”Eurobank”) hereby announce that the acquisition of Eurobank`s Ukrainian...

      Court to consider Gazprom`s appeal on decision of Ukraine Anti-Monopoly Committee over UAH 172 bln fine January 18
      Dec27

      Court to consider Gazprom`s appeal on decision of Ukraine Anti-Monopoly Committee over UAH 172 bln fine January 18

      Russian gas monopoly Gazprom has filed an appeal against the court`s decision granting the Anti-Monopoly Committee of Ukraine the right to impose a UAH 171.932 billion fine against the company for violations of the anti-trust legislation of Ukraine. The hearing is scheduled for January 18, according to the website of Kyiv Economic Court of...

      Deposit Guarantee Fund admits poor results in recovering failed banks` assets
      Dec27

      Deposit Guarantee Fund admits poor results in recovering failed banks` assets

      The government has paid out more than UAH 80 billion ($3 billion) to Ukrainian customers with insured deposits in the nation`s 80 collapsed banks since 2014. But little of that money, and as well another $5 billion in losses from uninsured deposits, has come from bank owners, managers and shareholders, who pocketed billions of dollars of...

      Several traders to be able to sell gas to Ukraine households in 2017 – Deputy Prime Minister
      Dec27

      Several traders to be able to sell gas to Ukraine households in 2017 – Deputy Prime Minister

      From the moment of a full-fledged launch of Mahistralni Gazoprovody Ukrainy [Main Pipelines of Ukraine] company, which divides the supply, production and sales of gas, in the third quarter of 2017, Naftogaz of Ukraine will lose its monopoly on gas supplies to the country`s households, Deputy Prime Minister Volodymyr Kistion has said in an...

      European Parliament mulling more trade preferences for Ukraine – Foreign ministry
      Dec27

      European Parliament mulling more trade preferences for Ukraine – Foreign ministry

      Deputy Foreign Minister for European integration Olena Zerkal says that the European Parliament (EP) is mulling over the possibility of providing more trade preferences to Ukraine, according to Hromadske.TV. ”This is the first year when we in fact used the free trade area from January 1, 2016. This means that the free trade area has been in use...

      President Petro Poroshenko signs 2017 budget with doubled minimum wages
      Dec26

      President Petro Poroshenko signs 2017 budget with doubled minimum wages

      Ukrainian President Petro Poroshenko has signed a bill on the 2017 national budget into law, praising the government for the submission of the document on time. ”Poroshenko emphasized that having ruined previous years` traditions, the government had submitted the state budget to the Verkhovna Rada on time,” the presidential press service said on...