Section: Economy

      Oil prices fall over doubts of planned crude output cut
      Nov28

      Oil prices fall over doubts of planned crude output cut

      Oil prices fell on Monday, adding to Friday`s steep losses as doubts re-emerged over the ability of major producers to agree output cuts at a planned meeting on Wednesday aimed at reining in global oversupply, according to Reuters. Brent crude futures LCOc1 fell 2 percent at one point, but regained ground to trade down 35 cents, or 0.74 percent,...

      European Commission President Juncker sees no ”argument” for lifting anti-Russian sanctions
      Nov28

      European Commission President Juncker sees no ”argument” for lifting anti-Russian sanctions

      European Commission President Jean-Claude Juncker says he sees no argument for lifting sanctions against Russia, according to Euronews. ”Up until now, I have seen no argument for the sanctions against Russia being immediately lifted,” Juncker said in an interview with Euronews. ”I would like to have an agreement with Russia that goes beyond the...

      Fitch affirms biggest Ukraine`s PrivatBank at `CCC`
      Nov28

      Fitch affirms biggest Ukraine`s PrivatBank at `CCC`

      Fitch Ratings has affirmed PJSC CB PrivatBank`s (Privat) and Bank Pivdennyi`s (PB) Long-Term Foreign Currency Issuer Default Ratings (IDR) at `CCC`, Fitch Ratings said in its press release. The IDRs are driven by the banks` respective standalone creditworthiness, as expressed by the `ccc` Viability Ratings (VRs). The VRs reflect weak asset...

      Public-private cooperation to make Ukraine`s information policy proactive
      Nov27

      Public-private cooperation to make Ukraine`s information policy proactive

      Key speakers at the panel discussion on the new communication strategies revealed to Ukraine Today how Ukraine should informationally respond to the Russian hybrid war. For the past 3 years, Russia`s been actively exploiting the means of a hybrid warfare to gain the lead not only at the front but also in the information field. Fake news,...

      EBRD, Ukraine agree to cooperate in transformation of Oschadbank
      Nov26

      EBRD, Ukraine agree to cooperate in transformation of Oschadbank

      Ukraine and the European Bank for Reconstruction and Development (EBRD) have agreed on measures to support and reform PJSC State Savings Bank of Ukraine Oschadbank and signed a memorandum of understanding. The memorandum was signed off by Ukrainian Finance Minister Oleksandr Danyliuk, Managing Director for Eastern Europe and the Caucasus for the...

      S&P upgrades Kyiv to `B-` on domestic bond repayment, outlook stable
      Nov26

      S&P upgrades Kyiv to `B-` on domestic bond repayment, outlook stable

      On November 24, 2016, S&P Global Ratings raised its long-term issuer credit rating on the Ukrainian capital City of Kyiv to `B-` from `CC`. The outlook is stable. ”Contrary to our previous base-case expectations, the city of Kyiv has redeemed ahead of schedule Ukrainian hryvnia (UAH) 1.9 billion of G series domestic bonds maturing on...

      Danish company seeking to invest in construction of solar power plants park in Chornobyl exclusion zone
      Nov25

      Danish company seeking to invest in construction of solar power plants park in Chornobyl exclusion zone

      The plans were announced by Minister of Ecology and Natural Resources of Ukraine Ostap Semerak during a meeting with representatives of the international consortium represented by Midas Consulting, as reported by the ministry`s press service. ”Over these 30 years has been significant progress on safety in the exclusion zone and at the Chornobyl...

      Ukraine`s large and medium-sized enterprises see UAH 82 billion profits against last year`s loss
      Nov25

      Ukraine`s large and medium-sized enterprises see UAH 82 billion profits against last year`s loss

      The State Statistics Service`s preliminary data show large and medium-sized enterprises of Ukraine in January-September 2016 received about UAH 82 billion of profit before tax, while in the same period last year the result was unprofitable, amounting to UAH 183.9 billion. In January-September 2016 compared to the same period last year, the...

      Ukraine should remain patient in its craving for systemic reforms in railway industry – Balczun
      Nov25

      Ukraine should remain patient in its craving for systemic reforms in railway industry – Balczun

      Ukrzaliznytsia CEO Wojciech Balczun pointed out that the reform of the national railways takes time and given the scale of ”pathologies, unimaginable in the West”, the process may take years. Ukraine needs a lot of patience in order to implement quality systemic reforms in the railway industry, which will take years, said Chairman of the Board of...

      State Property Fund of Ukraine sells Kostiantynivska hydropower plant for UAH 64 mln
      Nov25

      State Property Fund of Ukraine sells Kostiantynivska hydropower plant for UAH 64 mln

      The State Property Fund of Ukraine (SPFU) has sold Kostiantynivska hydropower plant at an auction to Kyiv`s Altgen company for UAH 64 million, which is 4.6 times more than the starting price of the company, the press service of the SPF reported. ”Kostiantynivska HPP was sold for UAH 64 million to Altgen company. This company belongs to the group...