Section: Main news
Ukrainian banks post almost UAH 77.9 bln in loss in 2015
Ukraine`s banking system posted almost UAH 77.935 billion in loss under the International Financial Reporting Standards (IFRS) last year with the losses of solvent Ukrainian banks alone being estimated at UAH 71.891 billion, according to the National Bank of Ukraine (NBU).Insolvent banks` losses totaled UAH 6.044 billion.State-owned banks posted...
Rada fails to adopt bill on ”thieves in law” criminal liability
Ukraine`s Verkhovna Rada has not supported draft law No. 1188 in the first reading on amendments to certain legislative acts of Ukraine that establish criminal liability for ”thieves in law” and increase responsibility for crimes committed by criminal groups, according to an UaPosition correspondent.The decision was supported by a mere 183 MPs...
Ukraine may see record high peas yield in last decade – expert
Ukraine is expected in 2016 to gather a record high peas harvest in the last 10 years thanks to significantly larger areas under this crop and favorable weather conditions, according to the UkrAgroConsult agency`s press service.”Given the significant expansion of areas sown with peas and favorable agro-meteorological conditions that promise a...
Pope criticizes West for trying to export own brand of democracy to Iraq, Libya
Pope Francis criticized Western powers for trying to export their own brand of democracy to countries such as Iraq and Libya without respecting indigenous political cultures, according to an interview published on Monday, according to Reuters.Speaking to France`s Roman Catholic newspaper, La Croix, Francis also said Europe should better integrate...
Pregnant in a war zone: What are your choices?
According to a UNFPA, more than 500 women every year die from birth complications in conflict and disaster areas. ||| London – In Yemen women give birth in caves to avoid air strikes, in war-torn Syria child marriages are increasing, while in eastern Ukraine, where conflict has been raging for two years, domestic violence is rising, aid...
Ukraine, Turkey sign military cooperation plan until 2020
The Armed Forces of Ukraine and Turkey have signed an implementation plan for military cooperation, according to the press service of the General Staff of the Armed Forces of Ukraine.The plan foresees practical steps aimed at boosting defense capability of the Ukrainian army, it said.”The said document was prepared to ensure the practical...
Azerbaijan, Armenia see peaceful resolution of Nagorno-Karabakh conflict
President of Azerbaijan Ilham Aliyev and President of Armenia Serzh Sargsyan have reiterated that there can be no military solution to the conflict, and insisted on the importance of respecting the 1994 and 1995 ceasefire agreements.This is stipulated in a joint statement by Minister of Foreign Affairs of the Russian Federation Sergey Lavrov,...
NBU plans further cuts in refinancing rate
Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Solohub says that the central bank plans a further reduction in its refinancing rate, but it would be premature to set a zero rate at the moment.”We are in a rate cuts cycle. I am not able to predict when we will cut the rate next time, we will evaluate the inflation,” Solohub told...
Ukraine`s MarsHopper tops People`s Choice finalists of NASA SpaceApps Challenge
The Ukrainian MarsHopper aircraft project developed by a team from Kyiv tops the list of the People`s Choice finalists of NASA`s SpaceApps Challenge 2016, one of the world`s largest international annual hackathons, according to 2016.spaceappschallenge.org.The voting will close at 05:00 (UTC+4) on May 20, the hackathon`s website said.As of 11:00...
Angelina Jolie Pitt: Refugee system breaking down
Angelina Jolie Pitt, the UN refugee agency`s special envoy, has warned that the international humanitarian system for refugees is breaking down, according to the BBC.Ms. Jolie Pitt has been speaking as part of the BBC`s World on the Move day of coverage of global migration issues.She warned against a ”fear of migration” and a ”race to the bottom”...