Nana Chornaya New Old Reform: What economic changes are coming to Ukraine
President Volodymyr Zelensky announced the priority steps of Ukraine authorities to boost economic development. UNIAN has learned about the expected transformations awaiting the country in the near future.
13:20, 13 August 2019
Dmytro Shvarts Week's balance: Zelensky vows economic growth and launch of land market, water utility companies put forward their ultimatum, while gas tariffs are once again reduced
President Volodymyr Zelensky has promised to accelerate Ukraine’s economic growth and launch a full-fledged land market in 2020, Naftogaz announced another reduction in gas tariffs for the households, and water utility companies several weeks after the start of the electricity market reform demanded that electricity tariffs be reviewed, threatening to introduce hourly water supplies – these are the main economic developments of the outgoing week.
12:00, 10 August 2019
Nana Chornaya Russia in litigation siege. Can Naftogaz receive compensation for assets lost in annexed Crimea
Naftogaz, in its lawsuit, told The Hague court that the estimated losses from the seizure by Russia of the group’s assets in Crimea stood at $5.2 billion. Naftogaz expects that the international tribunal will hand down a verdict no earlier than late 2020. UNIAN learned whether the state-owned company would be able to receive compensation from the Kremlin, even if the court’s awards are in favor of Ukraine.
17:50, 05 August 2019
Oleksandr Kunytskyy Week's balance: Ukraine prepping up for winter, hryvnia strengthening, and EBRD allocating EUR 250 mln for public transport purchase
The Ministry of Regional Development reported on Ukraine’s readiness for the heating season, non-residents' demand for domestic government bonds strengthened the hryvnia, while the European Bank for Reconstruction and Development allocated a number of loans to Ukraine, including EUR 250 million for municipalities to buy new vehicles – these are the main economic news of the past week.
13:30, 03 August 2019
Nana Chornaya Main intrigue: Government of Servant of the People. Who and how will steer Ukraine's economy
The main intrigue of the next month is what the new government will be like and who will lead it. The fate of the format of the Cabinet of Ministers is exclusively in the hands of the Servant of the People party that won in the early parliamentary elections. And it depends on the "government" decisions of this political force whether Ukraine can finally become economically strong.
17:50, 30 July 2019
Igor Orel Week's balance: Naftogaz reduces prices, hryvnia strengthens, while industrial output slides
Naftogaz of Ukraine promised in August to significantly reduce gas prices, the State Statistics Service reported a decline in industrial production in June, while the hryvnia strengthened on the outcome of parliamentary elections – these are the main economic developments of the outgoing week.
17:00, 27 July 2019
Nana Chornaya New parliament: Five parties and hundreds of promises. How will they affect wallets of Ukrainians
The outcome of the early parliamentary election to the Verkhovna Rada shows that five parties have made it to Parliament. All of them are political forces with distinctive leaders. That is, the Ukrainians again voted for specific "persons" and public promises, not for action plans. Although it is the action plan, especially its economic aspects, that will reflect on the wallets of every citizen.
17:50, 22 July 2019
Olha Hordienko Week's balance: NBU improves outlook, lowers key rate, finance ministry boasts of record borrowing, and customs agency receives official status
The National Bank announced improved economic development forecasts and decided to reduce the key rate, the Ministry of Finance held this year's record placement of domestic government loan bonds, while the renewed customs agency received official status and began its work – these are the key economic news of the outgoing week.
10:30, 21 July 2019
Anastasia Zaremba People as bargaining chips: Russia using Ukrainian POWs to get concessions from Ukraine
Russia is further upping the stakes on the issue of releasing Ukrainian POWs. The latest episode in the dramatic story is the extension of custody term for Ukrainian sailors captured near the Kerch Strait on Nov 25, 2018.
11:55, 18 July 2019
Anastasia Zaremba Vitaliy Markiv's case in Italy revealed issues of dual citizenship, legal status of troops in Donbas
Last week, the cruel sentence of the Italian court for the Ukrainian National Guard, ATO veteran Vitaly Markiv, caused a real shock wave. He received 24 years of imprisonment instead of 17 for ... possible complicity in the murder of the Italian photo reporter Andrea Rocchelli in Donbas. The verdict to the Ukrainian military will be appealed, but the Markiv case is not the only trial initiated against the Ukrainian military abroad.
11:55, 16 July 2019
Roman Tsymbalyuk Igor Hiriak, unique soldier from Chernobyl response team: Did anyone go around catching stray dogs in the zone? I don't know. One lived in our camp. We shared food with it.
After watching the "Chernobyl" series, many in Ukraine did not agree with the author's reading of those events. People said many things were made up. Meanwhile, one British scriptwriter criticized the authors for not having any PoC actors. People on social networks immediately mocked this remark, because most believed it was unlikely that any soldiers of color ever served in the Soviet forces. However, the ridicule proved to be wrong as there actually was one soldier of another race on the response team! UNIAN was able to find this man.
06:20, 08 July 2019
Nadiya Burbela Week's balance: Launch of energy market, forex easing, and Nefyodov starting war against shadow businesses
A new model of the energy market started operating in Ukraine, the National Bank went for another forex deregulation for businesses, while the Cabinet approved First Deputy Minister of Economy Maksym Nefyodov at the post of the country's chief customs officer, handing him an "order" to start war against shadow businesses – these are the main economic news of the outgoing week.
12:30, 06 July 2019
Oleksandra Danko New face of Ukrainian customs
The new customs chief has been appointed. It's former first deputy minister of economic development and trade, Maksym Nefyodov. A young official with a reputation of a reformer announced large-scale changes to turn customs into a European-style body without corruption and with full digitalization of control routine.
13:40, 04 July 2019
Yevgeny Matyushenko, Nadiya Burbela Chief border guard Serhii Deineko: We're not going to cover up corrupt servicemen. If a hundred, two hundred, or a thousand of them must be locked up, we're ready for this
New Head of the State Border Guard Service of Ukraine, Serhii Deineko, sat down with UNIAN to tell about dealing with the lines on the border, prospects for tackling corruption in the agency, and his priority tasks in office.
10:20, 04 July 2019
Hanna Bredihina Week's balance: industrial output slows down, reformer Nefyodov appointed head of customs, National Bank says goodbye to small coins
The Cabinet has managed to complete the contest for the post of new head of the customs service and after two months of judicial struggle appointed reformer Maksym Nefyodov to this position, the State Statistics Service reported a slowdown in industrial output, while the National Bank announced the introduction of a new UAH 1,000 banknote and a withdrawal from circulation of small coins – these are the main economic news of the outgoing week.
18:20, 29 June 2019
Nana Chornaya Putin greenlights transit of Ukrainian goods. What pitfalls should Kyiv expect
Russia allowed transit by road and rail of Ukrainian goods through its territory, which has been banned since 2016. The condition is the use of GLONASS satellite tracking technology, as well as registration coupons. Experts do not believe in the "good intentions" of the northern neighbor – everything that Russia is doing always has a clear and goal that is far from being kind to Ukraine.
20:30, 27 June 2019
Nana Chornaya How conflict between Cabinet and Naftogaz helps Russia tighten gas noose on Ukraine's neck
A long-lasting conflict between Volodymyr Groysman's government and Naftogaz has moved to a new stage of aggravation. Now it is spinning against the Cabinet's decision on Naftogaz restructuring. The spat is being fueled by the lack of funds for pumping gas into underground storage facilities in excess of the usual volume, which is necessary to remove the risk of Russia's halting gas transit via Ukraine from January 1, 2020.
17:50, 25 June 2019
Nadiya Burbela Week's balance: Zelensky vows business liberalization, NBU cancels mandatory sale of forex proceeds, while state budget gets EUR 1 bln
President Volodymyr Zelensky promised Ukrainian business leaders to liberalize the economy and improve business climate, the National Bank decided on a historic step to abolish the mandatory sale by exporters of foreign exchange proceeds, the state budget was replenished by EUR 1 billion after a successful placement of foreign government bonds, while the statistics agency improved the outlook for GDP growth in the first quarter – these are main economic news of the outgoing week.
11:40, 22 June 2019
Dmytro Shvarts Week's balance: Ukraine issues bonds worth EUR 1 billion, inflation shows rise, while Constitutional Court alters status of energy regulator
Ukraine for the first time in fifteen years issued euro-denominated bonds, the State Statistics Service reported accelerating inflation, the Cabinet approved Ukrzaliznytsia's development strategy until 2023, and the Constitutional Court caused a storm with its decision to recognize unconstitutional a number of provisions of the law on the energy regulator – these are economic news of the past week.
16:40, 17 June 2019
Nana Chornaya Debt pressure: borrowing again to pay back previous "loans"
The Ministry of Finance is going to borrow in the foreign market, again. They have announced the next issue of Eurobonds. No specifics have been revealed yet about its parameters. Details are being discussed with Ukraine's Western partners. But the main thing is that our country will get into more debts to settle on the previous ones worth billions.
18:00, 14 June 2019