Section: Latest news

      Cabinet approves draft law on establishment of Energy Efficiency Fund
      Dec07

      Cabinet approves draft law on establishment of Energy Efficiency Fund

      The Cabinet of Ministers approved at its Wednesday meeting a draft law on the establishment of the Energy Efficiency Fund in Ukraine and submitted it to parliament. Presenting the bill, Deputy Prime Minister of Ukraine Hennadiy Zubko said that the fund should be an effective tool for implementing programs of effective energy consumption. ”Today,...

      Beware of the Russian Bear in the Balkans
      Dec07

      Beware of the Russian Bear in the Balkans

      On October 16, just hours before Montenegrins were due to head to the polls, the government made an alarming announcement. It claimed security services had foiled a Russian nationalist attempt to seize control of the parliament and assassinate Prime Minister Milo Djukanovic (who has since resigned).The Kremlin undoubtedly has an axe to grind with...

      Ukrainian parliament urges world nations to recognize Holodomor of 1932-1933 as genocide
      Dec07

      Ukrainian parliament urges world nations to recognize Holodomor of 1932-1933 as genocide

      Ukraine`s parliament has adopted a resolution ”On the appeal of the Verkhovna Rada of Ukraine to the democratic countries of the world regarding the recognition of the Holodomor of 1932-1933 in Ukraine as a crime of genocide against the Ukrainian people,” according to an UaPosition correspondent. In its appeal, the Verkhovna Rada asks all world...

      NBU declares another bank insolvent
      Dec07

      NBU declares another bank insolvent

      The National Bank of Ukraine (NBU) has adopted a decision to declare Trust Bank insolvent in connection with the violation of the regulator`s ban to attract deposits by this bank, established on July 2 due to the problematic status of the financial institution, the NBU reported on its website, with reference to the decision of the Board of...

      Ukrnaftoburinnia falls out of OPP privatization bid
      Dec07

      Ukrnaftoburinnia falls out of OPP privatization bid

      Ukrnaftoburinnia oil company has refused to participate in a tender for the privatization of 99.6% state-owned shares in the Odesa Port-Side Chemical Plant (OPP), scheduled for Dec. 14, with a starting price at UAH 5.16 billion (about $200 million), deputy chief of the company`s legal department Taras Metenko told UNIAN. ”Yes, we have refused to...

      Naftogaz buys 1.8 bcm of gas from European suppliers by means of EBRD loan
      Dec07

      Naftogaz buys 1.8 bcm of gas from European suppliers by means of EBRD loan

      Ukraine`s oil and gas giant NJSC Naftogaz of Ukraine in August-October bought 1.8 billion cubic meters of gas from the European companies Axpo Trading AG, CEZ, Engie SA, Eni Trading & Shipping S.p.A., RWE Supply & Trading GmbH and Uniper Global Commodities SE at the expense of the credit line of the European Bank for Reconstruction and...

      Officer spying for Russia arrested in Poland
      Dec07

      Officer spying for Russia arrested in Poland

      Poland`s counterintelligence detained an officer on suspicion of spying for the Russian Federation, according to tvn24.pl. The suspect is a senior lieutenant, Pyotr C. who has been on the wanted list since August this year. He is suspected of transferring classified information to the Russian intelligence, tvn24.pl reports. ”In the morning of...

      Odesa Portside Chemical Plant’s sale fails due to lack of bids from investors. Again
      Dec07

      Odesa Portside Chemical Plant’s sale fails due to lack of bids from investors. Again

      A new tender to sell 99.6% of shares of Odesa Portside Chemical Plant (OPP) will not take place due to a lack of bids from investors, the press service of the State Property Fund of Ukraine reported. The auction was to be held on December 14 with a starting price of UAH 5.16 billion, or about $200 million. ”Applications from potential...

      Russian colonel earlier involved in Donbas occupation killed in Aleppo by Syrian freedom fighters
      Dec07

      Russian colonel earlier involved in Donbas occupation killed in Aleppo by Syrian freedom fighters

      Russian Colonel Ruslan Galitsky has died of wounds in Syria when opposition shelled a residential area in Aleppo`s western part, the Russian Defense Ministry reported on Wednesday, according to Russian news agency TASS. ”Colonel Ruslan Galitsky has died in hospital after being severely wounded. Russian military medics fought for his life for...

      Pentagon to Ukraine: ”Maintain momentum on defense reforms”
      Dec07

      Pentagon to Ukraine: ”Maintain momentum on defense reforms”

      U.S. Deputy Secretary of Defense Bob Work and Ukrainian Deputy Prime Minister on European and Euro-Atlantic Integration Ivanna Klympush-Tsyntsadze during their meeting in Washington discussed the provision of military aid to Ukraine. Work noted the fiscal year 2017 National Defense Authorization Act offers a promising signal that security...