Week’s balance: helping hand from Canada, response to aggressive Russia, and pipeline revival
Ukraine and Canada have signed a free trade agreement, the Government extended the embargo against Russian goods and completed the talks with the IMF, the farmers entered into an active phase of harvesting, promising to be close to a record-breaker – these are the main economic news of the past week.
11:00, 17 July 2016
Business in Ukraine: Two years of waiting
Reforms in Ukraine have launched two years ago. Much has been done, but there are still too many problems, especially regarding the business environment. Ukraine’s Doing Business index is slightly above zero, and UNIAN tried to learn why.
18:30, 16 July 2016
Free trade with Canada: Ukrainian perspective
After six years of negotiations, Ukraine and Canada have signed a long-awaited Free Trade Agreement, which opens 98% of the Canadian market to Ukrainian products, with a promising annual trade volume of $547 billion.
20:45, 12 July 2016
Week’s balance: Trade war with Russia, Groysman’s response to populists, and NBU’s billions
Russia and Ukraine have exchanged a new round of blows with trade restrictions, Naftogaz is considering gas purchases for the heating season, PM Volodymyr Groysman has responded to “utility tariff populists,” and Rada played some "opaque games" in the NBU Council members’ selection process – these are the main economic news of the past week.
17:30, 09 July 2016
Trade War: Putin steps on Ukrainian transit
Russia, which has for years waged trade war against Ukraine, decided to boost confrontation. With another decree of Vladimir Putin having been introduced, the Ukrainian transit of goods to Central Asia can be blocked completely.
09:10, 08 July 2016
Risks of launching market of land lease rights
Volodymyr Groysman’s Cabinet seeks to prolong a ban, which has already been enforced for 15 years, on farmland sale, launching the landl ease rights market instead. Not only will it not return to the land-owners the opportunity to dispose of their property, but it may help fraudsters evade paying fees for using the land, according to experts
15:40, 06 July 2016
Week’s balance: macroeconomic optimism, separatist coal, and Naftogaz reform
The Ukrainian Cabinet published an optimistic outlook for the national economy, the energy companies resumed coal deliveries from the zone of the Anti-Terrorist Operation, while Ukraine is in no hurry to purchase Russian gas – these are the main economic news of the past week.
09:05, 02 July 2016
Where does Ukraine’s plane fly
Ukraine is looking for a place for its aviation industry. Technological and economic challenges have to be met amid complete rupture of relations with Russia, which until recently served as Ukraine’s main market and partner. Will it manage to find new forms of cooperation, new ties, and recognition of new customers?
17:45, 01 July 2016
Minister of Social Policy Reva: 12.5 mln Ukraine pensioners live at cost of 6 mln honest workers
Social Policy Minister Andriy Reva in an interview with UNIAN has told when the Ukrainians should expect a significant increase of social standards, why the retirement age should not be raised today and also how the talks with the IMF are developing.
18:25, 28 June 2016
Week’s balance: Satisfied IMF, punished Russia, and freedom-loving UK
The Ukrainian Government has reported about the successful talks with the IMF on a new memorandum; Europe has extended sanctions against Russia; and Brexit supporters have won in a UK referendum – these are the main economic news of the past week.
17:41, 25 June 2016
Brexit: view from Wall Street
UNIAN has asked the people who deal with one-third of the world’s money – financial brokers of Wall Street – about the future of Britain following the UK vote to leave the European Union. Unlike many Ukrainian “Facebook experts,” the world’s wealthiest financiers still don’t know what to expect.
12:40, 25 June 2016
Algirdas Šemeta: "I have never seen in my extensive experience the criminal law being so widely applied to the businesses"
Ex-Minister of Finance of Lithuania and former EU Commissioner Algirdas Šemeta, who is now the Ukrainian business ombudsman, explained in an interview with UNIAN, what problems the businesses in Ukraine face, what deters foreign investors and what changes are needed to improve the business environment.
15:00, 23 June 2016
Staying strong against Gazprom
Ukraine has refused to buy gas at the price offered by Gazprom. Experts believe this position is justified and assure that the country will not freeze in the winter as the necessary volumes of gas will be purchased in Europe, at cheaper prices. But unfortunately, cheaper gas will not reflect in lower tariffs.
15:30, 22 June 2016
World Bank Country Director for Ukraine: "There is a risk that reforms will not move forward"
World Bank’s Country Director for Ukraine Qimiao Fan is leaving his post due to rotation. In his last interview before leaving, he told UNIAN about the future strategy of the World Bank’s operations in Ukraine and priority steps needed to be taken by the Ukrainian authorities.
09:00, 22 June 2016
Week’s balance: Groysman in U.S., billion from WB, and another growth of tariffs
Ukrainian authorities have spoken with the Western creditors, received the money needed for reform and announced yet another spike in tariffs for utility services - these are the main economic news of the past week.
12:00, 18 June 2016
Andriy Herus: "Rotterdam formula" only beneficial to heat generation, coal mining business, most of which owned by one man
Ex-member of the National Energy and Utilities Regulatory Commission (NEURC) Andriy Herus in an interview with UNIAN has told, what the outcome will be of implementing a "Rotterdam + shipping" pricing formula for Donbas coal, and how much the heat generation, 70% of which is owned by a businessman Rinat Akhmetov, will earn from these changes.
23:20, 16 June 2016
Infrastructure Minister: The better the managers we think we have, the longer the trail of corruption behind them
Ukraine's Infrastructure Minister Vladimir Omelyan in an interview with UNIAN has told when high-quality roads will be laid in Ukraine and sea ports will stand competition. He also said who the nominees for the position of the Ukravtodor CEO were, and explained the situation with cargo transportation in the ATO zone.
22:10, 15 June 2016
Having taken advantage of the currency market stabilization and the beginning of economic recovery, the National Bank eased a number of foreign currency restrictions for businesses and citizens. Experts warn of upcoming exchange rate fluctuations, although they see no reason for panic.
19:10, 14 June 2016
Week’s balance: Melting forex, taming inflation and fighting subsidies
Ukraine’s finance ministry presented the main budget parameters for the next year, the inflation in annual terms slowed to a two-year-old level, and the National Bank significantly eased forex restrictions - these are the main economic news of the past week.
11:22, 11 June 2016
When will Groysman’s new task force tackle smuggling
The Ukrainian Cabinet approved the creation of a so-called "Black Hundred" - an interagency task force on combating smuggling and corruption in customs. However, some politicians and experts believe that the "Black Hundred" operatives will create greater problems for honest businesses than for smugglers and corrupt officials.
09:00, 09 June 2016