Section: Economy

      NBU strengthens official exchange rate to UAH 25.65 to dollar
      Nov29

      NBU strengthens official exchange rate to UAH 25.65 to dollar

      The National Bank of Ukraine on Monday evening strengthened the official hryvnia exchange rate by seven kopiykas, bringing the national currency to UAH 25.65 to the dollar. The Central Bank set the following official exchange rates of the hryvnia against leading foreign currencies for November 29: $100 costs UAH 2,565.9521 (on November 28, it was...

      Russia has huge sum losses because of maritime sanctions for illegally annexed Crimea
      Nov29

      Russia has huge sum losses because of maritime sanctions for illegally annexed Crimea

      Due to dramatic decrease of public and freight sea transportation to occupied Crimea Kremlin have to fill the gap in up to 200 vessels, Ukraine Today reports citing BlackSeaNews and Maidan of Foreign Affairs. Although Kremlin keeps telling that foreign naval vessels ignore the sanctions and sail to Crimea, the majority of vessels that carry...

      Ukraine cancels obligatory state registration of investment
      Nov29

      Ukraine cancels obligatory state registration of investment

      The Ukrainian government has abolished the obligatory state registration and re-registration of investment, which has been effective since 2013, according to government resolution No. 661, which was published on its website. The relevant decision has been made pursuant to current legislation and is believed to significantly facilitate investment....

      Oil prices fell over 1 percent before OPEC official meeting on Wednesday
      Nov29

      Oil prices fell over 1 percent before OPEC official meeting on Wednesday

      Oil prices fell over 1 percent on Tuesday on market jitters over whether producer cartel OPEC would be able to hammer out a meaningful output cut during a meeting on Wednesday, aimed at reining in a global supply overhang and propping up prices, according to Reuters. Non-OPEC oil production giant Russia confirmed on Tuesday that it would not...

      We expect final decision of Stockholm arbitration in case against Gazprom in early 2017 – Yatsenyuk
      Nov29

      We expect final decision of Stockholm arbitration in case against Gazprom in early 2017 – Yatsenyuk

      During his visit to Brussels on Monday, November 28, leader of the Popular Front Party, Ukraine`s former Prime Minister Arseniy Yatsenyuk met with Vice-President of the European Commission Maros Sefcovic. After the meeting, the leader of the Popular Front said that the issues were discussed in particular on energy security. He recalled that the...

      Public procurement reform: Savings due to Prozorro e-procurement system exceed UAH 7 bln
      Nov29

      Public procurement reform: Savings due to Prozorro e-procurement system exceed UAH 7 bln

      The average savings in tenders was at 13%, while the average number of bidders was 2.5 for each tender. Budget savings due to the use of the system of electronic public procurement Prozorro, extended to all state customers from August 1, was UAH 7.03 billion as of November 28. Relevant information was published in Prozorro business analytics...

      Ukraine`s consolidated budget sees UAH 27 bln deficit in 10 months
      Nov28

      Ukraine`s consolidated budget sees UAH 27 bln deficit in 10 months

      The deficit of Ukraine`s consolidated budget in January-October 2016 amounted to UAH 26.866 billion (US$1.044 billion), against a surplus of UAH 26.792 billion ($1.042 billion) registered in the same period of 2015, according to Ukraine`s State Treasury Service. The deficit of the national budget in the ten months of 2016 was estimated at UAH...

      Hryvnia strengthens to UAH 25.68 to dollar on interbank market
      Nov28

      Hryvnia strengthens to UAH 25.68 to dollar on interbank market

      Hryvnia quotations against the dollar on the interbank currency market on Monday strengthened to UAH 25.65/25.68 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 27.29/27.35, while those against the Russian ruble have settled at UAH...

      Mr. Trump, Don’t Be Too Hasty About Lifting Russia Sanctions
      Nov28

      Mr. Trump, Don’t Be Too Hasty About Lifting Russia Sanctions

      The US approach to Russia, specifically the future of sanctions imposed in response to Russia’s actions in Ukraine in 2014, is one of the many US foreign policies thrown into question by Donald Trump’s election as the next president of the United States. Quickly lifting these sanctions may simplify compliance efforts for the private...

      Liquidation of bank belonging to Yanukovych`s son extended until 2020
      Nov28

      Liquidation of bank belonging to Yanukovych`s son extended until 2020

      Ukraine`s Deposit Guarantee Fund has extended the period of the liquidation of National Bank for Development (VBR) belonging to Oleksandr Yanukovych, the son of former Ukrainian President Viktor Yanukovych, until 2020, according to a posting on the Fund`s website. The Fund also prolonged the authority of the bank`s liquidator, Serhiy Mykhno. As...