VTB Bank raises authorized capital by 35%
PJSC VTB Bank has increased its authorized capital by 35%, or UAH 8.9 billion, to UAH 34.2 billion, the bank reported on its website. It is also reported that the annual general meeting of shareholders is scheduled for April 29, during which the bank will adopt its articles of association with a new authorized capital in the amount of UAH 34.2...
Crimean Tatars` Chubarov announces possible changes to Ukrainian Constitution
MP from the Bloc of Petro Poroshenko, Chairman of the Crimean Tatar Mejlis Refat Chubarov has said the need to amend the Constitution with respect to the principles of the Crimean autonomy, the press service of the Bloc of Petro Poroshenko told UNIAN. ”Two draft laws have already been included in the action plan of a new government, which is to...
China`s pension fund to flow into stock market this year
China`s massive pension fund may begin investing in the nation`s A-share markets this year, an anticipated move that will channel approximately 600 billion yuan ($92.28 billion) into the equity market and likely improve its liquidity, according to The People`s Daily, an official newspaper of the Chinese Communist Party.The target date comes...
Documents published showing 2 Russian GRU officers allegedly dismissed before Donbas trip
Documents allegedly received earlier by The New Times weekly from the murdered lawyer for one of the two GRU officers detained in Donbas in May 2015, indicate that the detainees Yevgeny Yerofeyev and Aleksandr Aleksandrov had been dismissed from the ranks of the Russian army in late 2014 and early 2015, that is before their trip to the east of...
VW recalls 391,000 vehicles over possible pedal issue
Volkswagen has announced it is recalling a total of 391,000 Touareg vehicles worldwide because of a problem that was detected with brake pedal, Ukrainian weekly Novoye Vremia reported with reference to auto news portal at autoconsulting.com.ua.The carmaker said 391,000 Touaregs built between 2011 and 2016 would be recalled because ”a circlip...
EU criticizes Ukraine`s bill on special confiscation
Ukraine has implemented steps to introduce a harsh law without ensuring the right to a fair trial and right to property, according to the comments by the EU Delegation to Ukraine regarding bill No.4057 passed in the first reading, provided to Europeiska Pravda online newspaper.The EU Delegation believes that the draft law fails to provide...
No fair, democratic standards in Kryviy Rih mayor elections – CVU
Extraordinary elections of the Mayor of Kryvyi Rih, which took place on March 27, do not meet the standards of a fair and democratic vote, according to CEO of the Committee of Voters of Ukraine (CVU) Oleksiy Koshel.”The elections in Kriviy Rih are not in line with any standards of fair and democratic elections, neither do they meet the slightest...
Ukraine border guards on duty joined by ”Crimea blockade” activists on de facto border with occupied Crimea
Asker civil organization is set to join the State Border Guard Service officials on Monday who serve at the border control checkpoints on the administrative border with the temporarily occupied Crimea, said Chairman of Henichesk State Administration Oleksandr Vorobiyov, according to Krym.Realii.”On March 28, the representatives of Asker will...
Ukraine`s gas stocks shrink to 8.7 bcm
Natural gas reserves in Ukraine`s underground storage facilities (USFs) decreased by 389 million cubic meters (mcm), or 4.3%, to 8.721 billion cubic meters (bcm) between March 19 and March 26, according to PJSC Ukrtransgaz, the operator of Ukraine`s gas transportation system.The company reports that the average daily volume of gas pumped out of...
Oil prices rise in thin Asian trade after break
Oil prices rose Monday after a three-day break, as optimism holds that a production freeze among major producers may be implemented, Reuters reported.U.S. crude`s front-month contract was up 50 cents at $39.96 a barrel at 0622 GMT. Last week, the contract rose 2 cents, finishing up for a sixth straight week, according to Reuters.Brent`s...