Section: Economy

      European market`s share in Ukrainian exports of agricultural products at about 32%
      Dec19

      European market`s share in Ukrainian exports of agricultural products at about 32%

      The share of the European market in the total volume of Ukrainian agri-exports amounts to some 32%, the press service of the Ministry of Agrarian Policy and Food of Ukraine reported, with reference to Deputy Minister Olha Trofimtseva. ”The European Union is the second largest trading partner of Ukraine in the field of agriculture. The share of EU...

      Hryvnia weakens to UAH 26.50 to dollar on interbank market
      Dec19

      Hryvnia weakens to UAH 26.50 to dollar on interbank market

      Hryvnia quotations against the dollar on the interbank currency market on Monday fell to UAH 26.32/26.50 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 27.10/27.28, while those against the Russian ruble have settled at UAH 0.4323/0.4343....

      President Poroshenko: PrivatBank clients guaranteed safety and integrity of their funds. Video
      Dec19

      President Poroshenko: PrivatBank clients guaranteed safety and integrity of their funds. Video

      Ukrainian President Petro Poroshenko said in a comment relating to the transition of PrivatBank to 100% state ownership that the State assumes responsibility and guarantees safety and integrity of funds to the clients of PrivatBank. ”Despite the fact that the case is related to the private banking institution, these decisions are not a private...

      Verkhovna Rada intends to adopt state budget on December 22
      Dec19

      Verkhovna Rada intends to adopt state budget on December 22

      The Verkhovna Rada plans on Thursday, December 22, to hold a second reading vote of a bill on state budget 2017, according to the parliament`s draft schedule for December 20-23. Among other things, Tuesday, December 20, the deputies plan to consider a number of bills related to the budget approval. In particular, these are the questions of...

      European Commission to allocate EUR 104 mln for public administration reform
      Dec19

      European Commission to allocate EUR 104 mln for public administration reform

      Ukraine has signed an agreement with the European Commission (EC) on the financing of public service reform in the amount of EUR 104 million for the period from 2016 to 2020, according to the Ministry of Economic Development and Trade. ”Before the meeting of the [Ukraine-EU] Association Council, Ivanna Klympush-Tsintsadze [Ukraine`s Deputy Prime...

      Ukraine has 12.7bcm of gas left in reserves
      Dec19

      Ukraine has 12.7bcm of gas left in reserves

      Ukraine`s natural gas reserves in its underground storage facilities between Dec 9 and Dec 16 shrunk by 2.7%, or 355 million cubic meters – from 13.082 billion cubic meters down to 12.727 bcm, according to the national gas transport system operator Ukrtransgaz. According to the company data, 62.4 million cubic meters of gas was pumped out...

      National Bank of Ukraine on PrivatBank nationalization: Services for legal entities suspended for 24 hours, no other payment restrictions to come
      Dec19

      National Bank of Ukraine on PrivatBank nationalization: Services for legal entities suspended for 24 hours, no other payment restrictions to come

      The Cabinet of Ministers of Ukraine at its Sunday meeting supported the offer of the National Bank to transfer PJSC PrivatBank to 100% state ownership. PrivatBank suspends services for legal entities for just one day, December 19. No other restrictions of payments will be introduced, according to NBU Governor Valeria Gontareva. Gontareva noted...

      PrivatBank nationalization: Finance Minister tells media, how much money to be injected into bank
      Dec19

      PrivatBank nationalization: Finance Minister tells media, how much money to be injected into bank

      According to the Finance Minister, the maximum amount of PrivatBank recapitalization will be UAH 148 billion. Ukraine`s largest bank, PJSC PrivatBank, nationalized by the State, according to the decision of the Cabinet of Ministers, will continue to operate in a regular mode, while the new management team will be formed in the coming days,...

      Cabinet of Ministers of Ukraine: Ukraine`s biggest bank will be nationalized
      Dec19

      Cabinet of Ministers of Ukraine: Ukraine`s biggest bank will be nationalized

      Ukraine`s Cabinet of Ministers on Sunday, December 18, supported the proposal put forth by the National Bank of Ukraine (NBU) and the Council for Financial Stability to transfer Ukraine`s No. 1 bank, Dnipro-based PJSC PrivatBank to 100% state ownership. ”At a meeting on Sunday, the Cabinet of Ministers considered issues to ensure stability in the...

      BlackEnergy hackers now launching attacks against Ukrainian banks
      Dec16

      BlackEnergy hackers now launching attacks against Ukrainian banks

      BlackEnergy hackers, who earlier managed to successfully compromise the Ukrainian energy system and cut off the light at several local utilities, are likely behind a new series of cyberattacks targeting banks, according to Softpedia. Security company ESET reveals that it discovered a new group called TeleBots whose modus operandi is very similar...