Section: Economy
Journalist says Governor of the National Bank of Ukraine allegedly lenient with Russian banks
Journalist and economic expert Oleksandr Dubinsky says Governor of the National Bank of Ukraine (NBU) Valeryia Gontareva was too lenient with Russian banks set to expand their presence in the occupied areas of Donetsk and Luhansk regions (ORDLO), also known as the self-proclaimed Luhansk and Donetsk People`s Republics, ”LPR” and ”DPR,” according...
Ukraine stops withdrawing gas from UGSFs – Ukrtransgaz
Ukraine has stopped withdrawing gas from its underground gas storage facilities (UGSFs) and began pumping it, according to Ukrtransgaz, operator of Ukraine`s gas transport system. ”The injected amount is 4.5 million cubic meters per day,” Ukrtransgaz spokesperson Maksym Beliavskiy wrote on Facebook. Earlier, gas stocks in Ukraine`s underground...
Finance Ministry drafting updated concept of fiscal service reform
The Ministry of Finance of Ukraine intends to present in the near future an updated concept of reforming the State Fiscal Service, which will contain a new set of priorities and plans, according to Finance Minister Oleksandr Danyliuk. ”In the near future, we will present a concept of reforming the SFS, which revises our plans and priorities and...
Ukraine starts 2017 grain sowing
Farmers of southern Ukrainian regions have started spring grain sowing, seeding the first 600 hectares, the agriculture ministry said on Thursday, The Times of India reported. Farmers plan to sow a total of 7.2 million hectares of spring grains this year, including 2.4 million hectares of early spring grains – barley, spring wheat, oats and peas,...
Finance Minister tells when 4th IMF tranche to be allocated
The Finance Ministry expects a loan tranche from the IMF to be allocated within a few days after the meeting of the Executive Board, according to Finance Minister Oleksandr Danyliuk. The Ministry of Finance of Ukraine expects that the fourth bailout tranche in the amount of $1 billion under the Extended Fund Facility, approved with the IMF in...
Core inflation in Ukraine accelerates to 6.6% in Feb
Core inflation in Ukraine in February 2017 accelerated to 6.6% in annual terms – compared to February 2016 – against 6.2% in January 2017 from January 2016, according to Ukrainian State Statistics Service`s website. Core inflation in February 2017 accelerated to 0.7% compared to January 2017 against 0.4% in January 2017 from December 2016, the...
Ukraine`s Cabinet of Ministers decides to inject extra $375 mln into two state-owned banks
Ukraine`s Cabinet of Ministers has decided on additional capitalization of state-owned banks, Ukreximbank and Oschadbank, to the tune of UAH 4.7 billion, or about US$175 million, and UAH 5.4 billion, or $200 million, respectively, by issuing 15-year government bonds in exchange for the banks` new shares, according to resolutions Nos. 122 and 123,...
Ukraine`s agriculture ministry set to boost state support of agri-businesses
Ukrainian Agrarian Policy and Food Minister Taras Kutoviy has initiated an increase in the amount of state support of Ukrainian agribusinesses from UAH 65 million, or US$2.42 million, in 2017 to UAH 1 billion, or $37.16 million, in 2018, according to the ministry`s press service. ”This year, the Ukrainian State Farmers Support Fund provides for...
Ukrainians in Feb sell $86 mln more currency than purchase
Net sales of cash foreign currency by Ukrainians through the banking system amounted to $86 million in February, according to the National Bank of Ukraine (NBU) website. In February, the banks sold $186.8 million of cash currency, buying $272.7 million over the same period, the NBU said. It is also reported that in January-February, Ukrainians...
Oil edges off three-month low, but glut worries fester
Crude prices inched up on Friday after dropping to their lowest in more than three months the session before, pressured by concerns that a global supply glut is proving stubbornly persistent, according to Reuters. U.S. West Texas Intermediate crude (WTI) was up 37 cents, or 0.8 percent, at $49.65 a barrel at 0604 GMT, Reuters said. It fell below...
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General Staff operational report August 22, 2023 on the Russian invasion of Ukraine Tuesday, August 22, 2023 - 18:55 (EEST)
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