Section: Economy

      Ukraine expects grain harvest of over 64 mln tonnes
      Dec05

      Ukraine expects grain harvest of over 64 mln tonnes

      The Ministry of Agrarian Policy and Food expects that the Ukrainian agrarians in the current year will collect some 64.2 million tonnes of grain, which is 4 million tonnes more than in 2015, with the average yield of 44.8 c/ha, according to the ministry press service. According to the report, 26.1 million tonnes of wheat will be harvested, which...

      Kyiv Commercial Court obliges Gazprom to pay UAH 171 bln in fines and penalties on ACU`s claim
      Dec05

      Kyiv Commercial Court obliges Gazprom to pay UAH 171 bln in fines and penalties on ACU`s claim

      The Commercial Court of Kyiv has fully satisfied the claim of the Antimonopoly Committee of Ukraine (ACU) to the Russian gas monopoly Gazprom, brought for violation of Ukrainian competition law, and obliged Gazprom to pay UAH 171 billion fines and penalties on the claim, according to the ACU`s statement, which is at the disposal at UNIAN. ”Today,...

      NBU Council to consider monetary policy for 2017 on December 21
      Dec05

      NBU Council to consider monetary policy for 2017 on December 21

      The Board of the National Bank of Ukraine (NBU) has submitted to the NBU Council its proposals for basic principles of monetary policy for 2017 and the medium term, which the Council plans to consider at its meeting on December 21, the NBU`s press service told UNIAN. As noted in the draft, the medium-term inflation target is set at 5%, including...

      World Bank temporarily takes away $220 mln from Ukravtodor
      Dec05

      World Bank temporarily takes away $220 mln from Ukravtodor

      The World Bank has decided to temporarily take about $220 million from the loan portfolio of the State Agency of Automobile Roads (Ukravtodor), the World Bank Country Director for Belarus, Moldova, and Ukraine Satu Kahkonen said during a meeting with Ukravtodor CEO Slawomir Nowak, the press-service of the agency said. ”With respect to funding, in...

      Finance Ministry changes rules of registration, filing complaints by taxpayers
      Dec04

      Finance Ministry changes rules of registration, filing complaints by taxpayers

      The Ministry of Finance has improved with an order enforced Nov 25 the process of drafting and filing complaints by taxpayers and their review by the authorities of the State Fiscal Service, according to a report on the ministry website. In particular, the taxpayers can now file petitions for the public consideration of the complaint, with media...

      Russian central bank loses $31 million in cyber attack
      Dec04

      Russian central bank loses $31 million in cyber attack

      Hackers stole more than RUB 2 billion ($31 million) from correspondent accounts at the Russian central bank, the bank said on Friday, the latest example of an escalation of cyber attacks on financial institutions around the globe. Central bank official Artyom Sychyov discussed the losses at a briefing, saying that the hackers had attempted to...

      Forum in Tel-Aviv to kick off Israeli-Ukrainian business Alliance
      Dec04

      Forum in Tel-Aviv to kick off Israeli-Ukrainian business Alliance

      An Israeli-Ukrainian Entrepreneurship Forum will take place in in Tel Aviv on 14-15 December 2016. The Forum offers a new focus for research on the challenges of meeting Israeli-Ukrainian business demands for the sustainable development, according to EuromaidanPress. The purpose of the Forum is to create conditions for a potential partnership in...

      U.S. Congress approves defense budget for 2017, providing for military aid to Ukraine
      Dec03

      U.S. Congress approves defense budget for 2017, providing for military aid to Ukraine

      The United States plans to expand military cooperation with Ukraine, in particular, to provide the equipment and technical support to the State Border Guard Service of Ukraine, as stated in the draft U.S. defense budget for 2017, approved by the lower house of Congress, according to Deutsche Welle. The document was adopted by an overwhelming...

      NBU: Loss of Ukrainian banks shrinks by 4.3 times since year-start
      Dec03

      NBU: Loss of Ukrainian banks shrinks by 4.3 times since year-start

      The Ukrainian banks see losses at UAH 12.6 billion from the beginning of the year, which is 4.3 times less than in the previous year, the National Bank of Ukraine reported on its website. The total operating loss of Ukrainian banks amounted to UAH 12.6 billion in January-October 2016, which is 4.3 times lower than in the same period last year at...

      NBU estimates Ukraine`s international reserves at $15.3 bln as of Dec 1
      Dec02

      NBU estimates Ukraine`s international reserves at $15.3 bln as of Dec 1

      The National Bank of Ukraine estimates the country`s international reserves as of December 1 at about US$15.3 billion. ”We estimate reserves we plan to have as of December 1 at about $15.3 billion. Perhaps, this figure could be adjusted later, but it is about $15.3 [billion],” NBU Deputy Governor Oleh Churiy said on Thursday, December 1. Speaking...