Section: Economy

      Ukraine not to buy Russian gas this winter
      Dec16

      Ukraine not to buy Russian gas this winter

      Ukraine`s national energy holding Naftogaz of Ukraine until March 2017 does not intend to buy natural gas from Russia, company CEO Andriy Kobolev told a briefing Thursday. ”Most likely, until the end of winter, we will not buy gas from Russia,” he said. Kobolev noted that in case of signing an additional agreement with the supplier of Russian...

      EU agrees to extend anti-Russian sanctions for 6 months
      Dec16

      EU agrees to extend anti-Russian sanctions for 6 months

      The leaders of the European Union during a summit December 15 agreed to extend economic sanctions against the Russian Federation for another six months, Reuters tweeted. ”BREAKING: EU leaders agree on extension of economic sanctions against Russia over Ukraine for six months: diplomats,” Reuters wrote on Twitter. As reported earlier, the...

      Ukrzaliznytsya website hacked on order from Russia – Infrastructure Minister
      Dec15

      Ukrzaliznytsya website hacked on order from Russia – Infrastructure Minister

      Today`s ddos-attack on a data network of Ukrzaliznytsia was performed by Ukrainian hackers on the order of an unidentified person from St. Petersburg, Minister of Infrastructure of Ukraine Volodymyr Omelyan wrote on Facebook. He said that the attack on the cargo database was carried out as a diversionary tactic. ”Reliable sources in law...

      Ukraine`s largest bank hits back at nationalization reports – Reuters
      Dec15

      Ukraine`s largest bank hits back at nationalization reports – Reuters

      Ukraine`s largest lender, PrivatBank, said on Wednesday that reports it will be nationalized were attempts to create panic and destabilize the political situation in the country, according to Reuters. Local media has speculated that PrivatBank, which is part-owned by billionaire Ihor Kolomoisky, could be privatized if it does not meet a year-end...

      Hryvnia strengthens to UAH 26.30 to dollar on interbank market
      Dec15

      Hryvnia strengthens to UAH 26.30 to dollar on interbank market

      Hryvnia quotations against the dollar on the interbank currency market on Thursday strengthened to UAH 26.26/26.30 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 27.5756/27.6150, while those against the Russian ruble have settled at UAH...

      EU to extend Russian sanctions, ready for deal-oriented relations with U.S. – Mogherini
      Dec15

      EU to extend Russian sanctions, ready for deal-oriented relations with U.S. – Mogherini

      High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini says the EU is prepared for a ”more deal-oriented relationship” with the United States after U.S. President-elect Donald Trump takes office, but EU sanctions against Russia will be linked to peace implementation in eastern Ukraine, according to...

      Ukraine sees 2.9% rise in farm produce output in January-November
      Dec15

      Ukraine sees 2.9% rise in farm produce output in January-November

      Ukraine saw a 2.9% rise in farm produce output in January-November 2016 compared to the same period of 2015, according to the State Statistics Service of Ukraine. Agri-businesses alone boosted output by 4%, while households increased farm produce output by 1.6% in the 11 months, year-over-year. Crop production over the period under review rose by...

      U.S. Federal Reserve  raises key interest rate, citing strengthening economy
      Dec15

      U.S. Federal Reserve raises key interest rate, citing strengthening economy

      Citing the steady growth of the American economy, the Federal Reserve said Wednesday that it would increase its benchmark interest rate for just the second time since the 2008 financial crisis, according to The New York Times. The widely expected decision moves the Fed`s benchmark rate to a range between 0.5% and 0.75%, still a very low level by...

      Ukraine’s Energoatom has its 2016 financial plan approved by year-end
      Dec15

      Ukraine’s Energoatom has its 2016 financial plan approved by year-end

      Ukraine`s Cabinet of Ministers on December 14 approved a financial plan of national nuclear power generation holding Energoatom for 2016, which sets power generation at 74.2 billion kWh as a target. Under the plan, total tax payments to the budgets of all levels are set at UAH 8 billion by the end of the year, the Ukrainian Energy and Coal...

      National Bank of Ukraine cuts official exchange rate to UAH 26.30 to dollar
      Dec15

      National Bank of Ukraine cuts official exchange rate to UAH 26.30 to dollar

      The National Bank of Ukraine on Wednesday evening lowered the official hryvnia exchange rate by 20 kopiykas, bringing the national currency to UAH 26.30 to the dollar. The Central Bank set the following official exchange rates of the hryvnia against leading foreign currencies for December 15: $100 costs UAH 2,630.7416 (on December 14, it was UAH...