Naftogaz attacks Gazprom's assets

Naftogaz attacks Gazprom's assets

Naftogaz launched a forced recovery of Gazprom's debt in the jurisdiction of European countries within the framework of the award of the Stockholm Arbitration. The first blow was struck on the assets of the Russian gas monopoly in the Nord Stream 2 project. Experts believe that this will at least delay construction of the gas pipeline bypassing Ukraine, while Gazprom will have to pay off debts anyway.
17:50, 31.05.2018
Week's balance: New tunnel to Europe, anti-corruption court's final stretch, and Russia sanctions

Week's balance: New tunnel to Europe, anti-corruption court's final stretch, and Russia sanctions

Ukraine has opened the Beskidy Tunnel passing through the Carpathian ridge and connecting the country with European Union with a new railway line, the National Bank warned about the need to fulfill IMF conditions as soon as possible, while the presidential administration promulgated the sanctions list against Russia – these are the key economic developments in the outgoing week.
22:50, 27.05.2018
Bosch's Dr. Stefan Hartung: I might still want to be allowed to have my secrets. In the era of the Internet of Things, discussion on personal data issues is needed – individuals are at stake

Bosch's Dr. Stefan Hartung: I might still want to be allowed to have my secrets. In the era of the Internet of Things, discussion on personal data issues is needed – individuals are at stake

Humankind is entering a new era of the Internet of Things. In the coming years, everyday necessities like cars and household appliances will become interconnected in a single network to ensure our comfort. Technology already allows accomplishing this. But the risks to an individual that innovation might bring along lead to an active discussion about the boundaries of people's personal space, where technology might penetrate.
18:00, 27.05.2018
Week's balance: EU decides to lend EUR 1 bln, Rada outlaws palm oil, Kyiv ups public transport fares

Week's balance: EU decides to lend EUR 1 bln, Rada outlaws palm oil, Kyiv ups public transport fares

The EU plans to lend EUR 1 billion to Ukraine, demanding more efforts to fight corruption, on the eve of summer vacations the Verkhovna Rada intends to outlaw the use of palm oil in food production, and the Kyiv authorities have decided to sharply raise the fare in public transport to prevent collapse – these are the major economic developments of the past week.
15:48, 21.05.2018
Week's balance: Punishment for Crimea, Nord Stream 2 in Germany, and oil price hikes

Week's balance: Punishment for Crimea, Nord Stream 2 in Germany, and oil price hikes

The Permanent Court of Arbitration in The Hague issued its award on Russia, making it responsible for the seizure of Ukrainian companies' assets in Crimea; the construction of the Russian Nord Stream 2 gas pipeline was launched in the north of Germany; and the prices of crude oil soared in connection with a decision by U.S. President Donald Trump to withdraw from the Iran nuclear deal and the imposition of sanctions on that country – these are the major economic developments of the past week.
12:55, 14.05.2018
Week's balance: cuts in subsidies, completion of sowing campaign, and large privatization list

Week's balance: cuts in subsidies, completion of sowing campaign, and large privatization list

The Cabinet decided to reduce the number of recipients of social assistance for utilities, having introduced new criteria for their provision; agrarians sowed 90% of the target area with early grains and leguminous crops; the Government committee decided on a list of large-scale state enterprises to put up for sale; and infrastructure minister Volodymyr Omelyan traveled in a second class rail car to inspect Ukrainian Railways - these are the main economic news of the outgoing week.
14:40, 05.05.2018
Week's balance: Roundwood timber in exchange for EU aid, slowdown in industrial output, and billions on road safety

Week's balance: Roundwood timber in exchange for EU aid, slowdown in industrial output, and billions on road safety

To get a billion euros from the European Union, Ukraine will have to meet a number of useful requirements, in particular, to introduce an automatic verification of those astonishing "riches" declared by the country's officials. Meanwhile, the State Statistics Service released data on the slowdown of industrial output, and the Cabinet adopted a large-scale state program to improve road safety and ordered that the Ukrzaliznytsia [Ukrainian Railways] top managers ride trains - these are the main economic news of the outgoing week.
22:00, 28.04.2018
Week's balance: UAH 30 per dollar, burden of minimum wage rise, and energy regulator's staffing issue

Week's balance: UAH 30 per dollar, burden of minimum wage rise, and energy regulator's staffing issue

The government set Ukraine's budget policy for 2019-2021, predicting a fall of the national currency down to UAH 31.8 per dollar; the IMF issued an outlook for the country's economic development; the finance ministry came out with an unexpected confession that raising minimum wage is impossible, while Prime Minister Groysman named Ukraine's main economic problem - these are the main economic news of the outgoing week.
10:40, 22.04.2018
Week's balance: Partners recommend reforms, Groysman declares war on "secret club of subsoil users," and law enforcers go for useless searches at Ukrzaliznytsia

Week's balance: Partners recommend reforms, Groysman declares war on "secret club of subsoil users," and law enforcers go for useless searches at Ukrzaliznytsia

The World Bank urged Ukraine authorities to speed up reform, Prime Minister Groysman attacked extraction companies from the President's entourage, while law enforcers once again raided the Ukrzaliznytsia headquarters - these are the key economic news of the past week.
10:40, 16.04.2018
Can sanctions against Russian oligarchs hit their Ukraine property

Can sanctions against Russian oligarchs hit their Ukraine property

A few years ago, the dependence of the Ukrainian economy on that of its northern neighbor was so strong that a sanctions strike against Russia would ricochet violently over Ukraine. However, despite the fact that the hryvnia today saw no damage from the ruble plunge, a new package of Russia sanctions could still affect certain Ukrainian companies.
19:50, 11.04.2018
Week's balance: Start of sowing campaign and road repairs, new stage of decentralization and delay of rail ticket price hike

Week's balance: Start of sowing campaign and road repairs, new stage of decentralization and delay of rail ticket price hike

The agrarians started the sowing campaign that will cost them at least 10% more than last year, road repairs were launched after a long winter, Ukrzaliznytsia postponed the increase in train ticket prices, while the authorities announced a new stage of decentralization - these are the main economic news of the outgoing pre-Easter week.
17:20, 07.04.2018
Week's balance: FTA with Israel, paradise for low-cost airlines, and record placement of domestic bonds

Week's balance: FTA with Israel, paradise for low-cost airlines, and record placement of domestic bonds

The Ministry of Finance made a placement of domestic bonds, this year's largest. Ukraine and Israel are finally set to sign off an agreement on a free trade zone. Discount airlines will open new flights from Ukraine. These are the past week's key economic news.
10:20, 02.04.2018
Week's balance: Ryanair in Ukraine, break-up with Russia, billions on roads, and farmers fighting for VAT

Week's balance: Ryanair in Ukraine, break-up with Russia, billions on roads, and farmers fighting for VAT

The Cabinet of Ministers announced the largest ever road construction and repair efforts in Ukraine, Ryanair discount carrier signed the long-awaited cooperation agreement with the airports Boryspil and Lviv, the government severed economic relations with Russia, while the agrarians continue to demand from deputies to give them back VAT refunds for oilseeds exports - these are the key economic developments of the outgoing week.
14:40, 25.03.2018
Week's balance: Mogherini promises another billion, Smolii takes lead of NBU , hryvnia sees new coins

Week's balance: Mogherini promises another billion, Smolii takes lead of NBU , hryvnia sees new coins

EU High Representative Federica Mogherini paid a visit to Kyiv, President Petro Poroshenko met with Ukraine's businesses, Parliament finally appointed a new head of the National Bank, who announced the issue of coins instead of small hryvnia bills - these are the key economic news of the outgoing week.
16:28, 17.03.2018
Week's balance: 4G licenses worth UAH 5.4 billion, Gazprom's Stockholm syndrome, and hryvnia ascent

Week's balance: 4G licenses worth UAH 5.4 billion, Gazprom's Stockholm syndrome, and hryvnia ascent

Mobile operators will pay UAH 5.4 billion to the state budget for their 4G licenses, Russia's Gazprom informed Naftogaz of their intention to terminate gas contracts, prompting the European Union to reflect on its energy security, while the hryvnia continues strengthening against higher foreign currency earnings of exporters - these are the main economic news of the outgoing week.
13:30, 11.03.2018
Week's balance: Stockholm victory for Naftogaz, Gazprom's new gas war, and major aid from EU

Week's balance: Stockholm victory for Naftogaz, Gazprom's new gas war, and major aid from EU

Naftogaz claimed a resounding victory in the Stockholm Arbitration over Gazprom, in response to which the Russian gas monopoly decided to go for a despicable revenge in contravention of the Swedish court decisions, but Ukraine holds its ground and intends to seek penalties. The National Security and Defense Council extended sanctions against Russian banks, while the European Union promised a new program of macro-financial assistance worth EUR 1 billion - these are the main economic news of the outgoing week.
14:50, 03.03.2018
Week's balance: American locomotives to get on Ukrainian tracks, IMF demanding anti-corruption court, inspections of Ukrainian businesses returning

Week's balance: American locomotives to get on Ukrainian tracks, IMF demanding anti-corruption court, inspections of Ukrainian businesses returning

Ukraine plans to purchase several hundred American diesel locomotives over the next decade, the IMF insists that the country create an Anti-Corruption Court and implement reform of the energy sector, while the government unexpectedly lifted the moratorium on business inspections, and the NBU reported on disappointing performance by banks in 2017 - these are the main economic news of the outgoing week.
13:40, 24.02.2018
Ukraine and IMF: Critical point

Ukraine and IMF: Critical point

Without external financial support, Ukraine will in the coming years not be able to pay back its debts. UNIAN clears up why the country's key creditor, the International Monetary Fund, insists on raising gas prices and creating an independent anti-corruption court in order to continue providing assistance to Kyiv.
12:00, 21.02.2018
Week's balance: IMF mission's visit, government report, Ryanair's second coming

Week's balance: IMF mission's visit, government report, Ryanair's second coming

The IMF technical mission visited Kyiv, the Cabinet of Ministers reported on its performance in 2017, while the European discounter Ryanair announced its intention to undertake a second attempt to enter the Ukraine market - these are the key economic news of the past week.
11:40, 19.02.2018
No investment boost for Ukraine despite interest

No investment boost for Ukraine despite interest

The investments so necessary for the stable growth of the Ukrainian economy leave much to be desired. Investors are in no hurry to enter the Ukrainian market, and it’s not so much because of the situation in the east of the country, but because of corruption, poor business climate, and a slowdown in reform. Experts are convinced that if nothing changes in the near future, no investment growth is to be expected.
17:50, 13.02.2018
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