Week’s balance: IMF mission in Ukraine, Groysman’s "Black Hundred," and battle for Ukrgasvydobuvannya
The IMF mission to Ukraine is examining priority reforms in the economy declared by the Ukrainain authoirities, the prime minister threatens the customs officials with a so-called "Black Hundred," while the fight for Ukraine’s largest gas producer Ukrgasvydobuvannya broke out with more vigor – these are the main economic news of the past week.
21:30, 14 May 2016
New tariffs vs inflation
The Government of Ukraine on May 1 increased the price of gas to market levels. Following this innovation, the prices for central heating hot water jumped almost twofold. UNIAN tried to find out whether this step of the Ukrainian authorities will lead to a global increase in the cost of goods and products.
11:30, 11 May 2016
Week’s balance: heating tariffs rise, IMF believes in growth, and billions allocated for roads
Tariffs for central heating and hot water will rise almost twofold, the IMF and the reformers believe in the growth of the Ukrainian economy, while Prime Minister Groysman promises to repair all Ukrainian roads for UAH 18-19 billion - these are the main economic news of the past week.
19:00, 07 May 2016
Week’s balance: gas "equalization," aid to Chernobyl, and monetary easing
The Ukrainian Cabinet introduced a market price for gas, G7 and EBRD allocated funds for the Chornobyl Confinement project for the storage of spent nuclear fuel, while the National Bank started following its promises to soften foreign exchange restrictions and liquidate the banks with opaque ownership structure – these are the main economic news of the past week.
11:45, 03 May 2016
How can Ukraine spread its wings in Indian skies
Ukraine’s Antonov design bureau intends, in cooperation with Ukroboropromom, to launch a joint venture with their Indian partners for manufacturing An-148/158 civil aircraft a civil aircraft Antonov An-148/158 and the newest An-178 cargo plane – bypassing competitors from Russia and Brazil.
09:00, 29 April 2016
Trip to Chornobyl
On the 30th anniversary of the Chornobyl nuclear disaster, the most devastating in human history, an UNIAN correspondent visited the “Zone” along with his Ukrainian and foreign colleagues and saw the new confinement being built, which for the next century will conceal the remnants of the reactor destroyed on April 26, 1986.
14:53, 26 April 2016
Ex-minister Abromavicius: "Politics interests me, I am a curious person"
The former head of the Ministry of Economic Development in an interview with UNIAN said that he will stay in Ukraine and that he is interested in politics, ready to help the country in the development of civil society.
11:00, 25 April 2016
Week’s balance: 1st Cabinet meeting, rock star in Ukrzaliznytsia, and more air for hryvnia
The new government of Volodymyr Groysman held its first meeting, the IMF announced readiness to resume cooperation with Ukraine as soon as possible, and the National Bank reduced the discount rate – these are the main economic news of the past week.
08:40, 25 April 2016
Keeping tight rein on hryvnia
Ukraine’s national currency has been strengthening against the dollar for the past two weeks. According to experts, this trend will continue in case cooperation with the IMF prevails.
19:45, 19 April 2016
Week’s balance: PM Groysman, Rada’s sabotage, and disappointing IMF forecast
Ukraine’s three-month “premiership” saga is over. The country has received a new Government, which is to meet a number of strategic challenges for Ukraine to get out of economic and political crises.
19:10, 18 April 2016
Lessons of Panama Papers for Ukraine
A major offshore scandal that erupted early April, focusing, among others, on Ukrainian President Petro Poroshenko, set a very difficult task for the Ukrainian authorities – to stop the praxis of seeking corporate benefits in foreign jurisdictions, and to finally reform business environment.
09:00, 15 April 2016
Uber is coming. Local taxi drivers not amused
A multinational taxi service involving private drivers Uber may appear in Ukraine in the near future. Ukraine’s taxi operators strongly oppose Uber, organizing protests in fears they will fail competition with the international online service. Although, it is not for them to decide whether Uber should come to Ukraine – it’s up to customers.
17:40, 14 April 2016
Chernobyl: Source of income for Ukraine
It has been almost 30 years since Chernobyl nuclear disaster shocked the world. Its consequences are still a heavy burden laying on Ukraine’s shoulders. Experts believe that, given the right approach, the Chernobyl Exclusion Zone can become not just self-sufficient, but profitable as well.
09:20, 14 April 2016
Week’s balance: farewell to Bank Khreshchatyk, ban on Russian fuel, and strengthening of hryvnia
The National Bank of Ukraine declared insolvent one of the capital’s oldest banks – Bank Khreschatyk; the Cabinet has launched the development of a mechanism of banning purchases of Russian fuel; the hryvnia has started its gradual strengthening – these are the main economic news of the past week.
10:50, 10 April 2016
Week’s balance: old Cabinet, lazy Rada, and ridiculous wages of SOE’s top managers
The political crisis in Ukraine has almost paralyzed the work of both the Ukrainian Government and Parliament – at the time when Ukraine’s western partners require reform, including in the sphere of the country’s strategic enterprises.
17:00, 02 April 2016
Week’s balance: Final dance around PM chair, industrial output growth, and gas thriller
President-oriented MPs seem to have found a substitute for Arseniy Yatsenyuk and are ready to form a new government team, which will have to ensure sustained economic growth and to fight corruption.
14:40, 26 March 2016
UAVs: When will Ukraine spread its wings
The war has already been raging for two years in Donbas but the Ukrainian army is still in dire need of drones. It’s only the volunteer activists that provide for minimum supplies of unmanned aerial vehicles (UAVs). But these supplies don’t often meet certain military requirements, only being able to perform a limited number of tasks.
22:30, 25 March 2016
No easy job: Cabinet seeks to pull state holdings out of financial swamp
The Government on live TV announced the annual results of Ukraine’s largest state-owned enterprises and outlined the ways of their development. Plenty of ideas were voiced, but the matter of who will execute the plan was left behind the scenes.
19:00, 23 March 2016
Ukrainian privatization: from words to action
Ukraine is in anticipation of a wave of sales of state assets. Privatization adrenaline pumps up the country’s top politicians and officials. Some are doing everything to disrupt the process, while the others are trying to hold transparent competitions. But any mistake or any scandal can be too costly to the state – the investors may lose confidence in Ukraine for years ahead.
23:50, 21 March 2016
Week’s balance: Cabinet uncertainty, hryvnia hikes, and government program
Ukrainian politicians continue to bargain for a prime minister’s chair, the parliament ignored the financial bills, while the hryvnia reacts to this by sharp jumps – these are the main economic news of the past week.
16:40, 19 March 2016