Section: Economy

      Law on setting up independent regulator of energy market to enter into force Dec 8
      Dec07

      Law on setting up independent regulator of energy market to enter into force Dec 8

      The Law on the National Energy and Utilities Regulation Commission, adopted by the Verkhovna Rada of Ukraine September 22, which provides for the establishment of an independent regulator of the energy market of Ukraine in accordance with European regulations, is now published in the Cabinet`s official newspaper Uriadoviy Kurier. The law will...

      Parliament votes for doubled minimum wage
      Dec07

      Parliament votes for doubled minimum wage

      Ukraine`s Verkhovna Rada passed a government-prepared bill doubling the minimum wages to UAH 3,200, or US$123, per capita as of January 1, 2017. Respective bill No. 5130 on amendments to some legal acts of Ukraine was supported by 227 MPs with the required minimum being 226 votes. Presenting the bill, Social Policy Minister Andriy Reva said that...

      NATO urges continued Russian sanctions

      Damaging economic sanctions imposed on Russia over the Ukraine crisis must be kept in place to force Moscow to meet its Minsk ceasefire commitments, NATO head Jens Stoltenberg says …read more Source:...

      ”Attempt to disrupt budget process”: Finance Ministry of Ukraine stops hacker attack on its resources
      Dec07

      ”Attempt to disrupt budget process”: Finance Ministry of Ukraine stops hacker attack on its resources

      The Ministry of Finance of Ukraine has put a halt to a cyberattack on its resources and is now recovering the operative system to avoid possible delays in payments, according to the ministry`s page on Facebook. The Finance Ministry said that since early Tuesday, December 6, its website was non-operational, as well as the website of the State...

      Ukrainian grain exports reach nearly 19 mln tonnes
      Dec07

      Ukrainian grain exports reach nearly 19 mln tonnes

      Ukrainian agrarians from the beginning of the 2016-2017 marketing year (July 2016 – June 2017) have exported 18.8 million tonnes of grain, according to the press service of the Ministry of Agrarian Policy and Food. In particular, 10.2 million tonnes of wheat was exported, barley – about 4 million tonnes, and corn – some 4.6 million tonnes....

      Rada votes for increased excise duties, taxes
      Dec07

      Rada votes for increased excise duties, taxes

      The Verkhovna Rada, Ukraine`s parliament, has adopted a bill as a basis to raise excise duties on alcohol and tobacco and increase rates of some taxes. In particular, lawmakers passed amendments to the Tax Code, which suggest a number of changes in administering VAT, raising rates of excise duties, environmental tax, royalties, and rates for the...

      No peace deal with Gazprom to come in Stockholm arbitration – Naftogaz CEO
      Dec07

      No peace deal with Gazprom to come in Stockholm arbitration – Naftogaz CEO

      Andriy Kobolev, the CEO of Ukraine`s state-owned oil and gas company Naftogaz, does not consider the possibility of reaching an amicable agreement in gas dispute with the Russian gas monopoly Gazprom in the Stockholm arbitration court. ”There were no attempts of a settlement agreement, and it is impossible in this situation, since there is a...

      EU bans imports of Ukrainian poultry due to bird flu
      Dec06

      EU bans imports of Ukrainian poultry due to bird flu

      The European Union has banned imports of Ukrainian poultry meat and products from it due to the registered case of bird flu in Kherson region, the press service of the State Service for Food Safety and Consumer Protection reported. It is also reported that Hong Kong imposed a ban on the supply of Ukrainian eggs. According to the press service,...

      Naftogaz CEO: New gas pipelines bypassing Ukraine to reduce cost of domestic GTS fivefold
      Dec06

      Naftogaz CEO: New gas pipelines bypassing Ukraine to reduce cost of domestic GTS fivefold

      The construction of the Turkish Stream gas pipeline in the form of two lines and the Nord Stream 2, which is actively lobbied by the Russian gas monopoly Gazprom, will deprive Ukraine of a $ billion income a year, as well as lower almost fivefold the cost of the Ukrainian gas transportation system (GTS), Naftogaz CEO Andriy Kobolev told one of...

      EU diplomats hope to prolong Russia sanctions without debate – media
      Dec06

      EU diplomats hope to prolong Russia sanctions without debate – media

      European officials are hoping for an extension of sanctions against the Russian Federation for another six months, according to an RFE/RL correspondent in Brussels Rikard Jozwiak. The EU diplomats are hoping that the European Council will extend the economic sanctions earlier imposed against Russia for another six months, according to Jozwiak`s...