Section: Economy

      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...

      Naftogaz CEO: Ukraine may buy Russian gas but only on its own terms
      Dec06

      Naftogaz CEO: Ukraine may buy Russian gas but only on its own terms

      Ukraine may purchase Russian gas in the current heating season, but only on its own terms of price and delivery, Naftogaz CEO Andriy Kobolev said on one of TV channels. ”There is no politics in this issue. This is law and commerce. We are always interested in having a wide range of suppliers. If Gazprom agrees to our conditions, we will sign an...

      Ukraine harvests record high yield of sunflower seeds
      Dec06

      Ukraine harvests record high yield of sunflower seeds

      Ukrainian farmers have harvested 12.9 million tonnes of sunflower seeds this year, which is a record high yield of this crop in the country`s history, according to the Ukrainian Agrarian Policy and Food Ministry. The yield was 1.7 million tonnes up on the pervious year, thus the country is in the lead in terms of sunflower seeds and sunflower oil...

      Erdogan ratifies agreement with Russia on gas pipeline bypassing Ukraine
      Dec06

      Erdogan ratifies agreement with Russia on gas pipeline bypassing Ukraine

      Turkish President Recep Tayyip Erdogan has signed a law on ratification of the agreement with Russia on the construction of the Turkish Stream as pipeline, RBC-Ukraine reports with reference to the Turkish president`s press service. ”Turkish Stream involves the construction of two lines with a pumping capacity of 31.5 billion cubic meters of...

      Ukraine-EU-Russia trilateral gas meeting to be held in Brussels Dec 9
      Dec06

      Ukraine-EU-Russia trilateral gas meeting to be held in Brussels Dec 9

      A trilateral meeting in the Ukraine – Russia – EU format on the organization of deliveries and transit of gas from Russia to Europe can be held in Brussels on December 9, Ukraine`s oil and gas giant NJSC Naftogaz of Ukraine wrote on Facebook. ”We reaffirm readiness of the Ukrainian side to hold a trilateral meeting in Brussels on...

      EU nations near compromise on how to counter Russian gas supply risks
      Dec05

      EU nations near compromise on how to counter Russian gas supply risks

      EU nations are edging toward a compromise on a proposal to guard against gas supply disruptions, agreeing to share details on contracts and cooperate across borders, the Slovak presidency said on Monday, according to Reuters. Cuts in gas supplies from Russia in 2006 and 2009 exposed the bloc`s vulnerability – particularly in eastern Europe...

      Ukrainian  local budgets` receipts in 11 months estimated at US$ 5 bln in equivalent
      Dec05

      Ukrainian local budgets` receipts in 11 months estimated at US$ 5 bln in equivalent

      Receipts of the Ukrainian local budgets` general fund January through November 2016, excluding inter-budget transfers, were estimated at UAH 131.9 billion, or $5 billion in the equivalent, according to Ukraine`s Finance Ministry. This was 49.6%, or UAH 43.7 billion, up year-over-year, the ministry said. The receipts in the 11 months accounted for...

      Euro drops to 20-month low as Renzi concedes referendum defeat
      Dec05

      Euro drops to 20-month low as Renzi concedes referendum defeat

      The euro fell to the weakest level since March 2015 as Italian Prime Minister Matteo Renzi said he would resign after conceding defeat in the nation`s constitutional referendum, according to Bloomberg. The single currency dropped against all its 16 major counterparts as the referendum on Renzi`s plans to rein in the power of the Senate was...

      Antonov needs about $700 mln for serial production of aircraft
      Dec05

      Antonov needs about $700 mln for serial production of aircraft

      Ukraine`s state-owned enterprise Antonov, the only Ukrainian designer and manufacturer of cargo and passenger planes, needs to raise $703.2 million to launch full-scale production of aircraft, according to news portal LІGA.net. This issue was on the agenda of a meeting on the aviation industry, which was chaired by Ukrainian Prime Minister...

      National Bank of Ukraine reveals 32 illegal exchange offices in Kyiv
      Dec05

      National Bank of Ukraine reveals 32 illegal exchange offices in Kyiv

      The National Bank of Ukraine (NBU) revealed 32 illegal foreign exchange booths in Kyiv in the course of October inspections. According to the report, the National Bank is not a body authorized to deal with the illegal exchange offices, as it is the responsibility of the Ministry of Internal Affairs, the SBU Security Service, and the State Fiscal...