NBU plans smooth transfer to policy of flexible currency exchange rate

The National Bank of Ukraine (NBU) is planning to gradually transfer to a policy of a flexible currency exchange rate, the director of the general department for monetary and credit policy at the NBU, Olena Scherbakova, said. "We have stated that we will gradually move to a flexible...
11.06.2012

Parliament amends law with regard to powers of state bodies

The Ukrainian parliament has divided the powers of regulatory bodies with regard to the functioning of natural monopoly markets.        A total of 262 out of 418 lawmakers registered in the session hall supported the law amending some Ukrainian laws in...
11.06.2012

Ukraine Seeks Futures Trading For Corn, Barley, Sunflower Oil

Ukraine wants futures for its corn, barley and sunflower oil to be traded in Chicago by the end of this year, Agriculture Minister Mykola Prysyazhnyuk said.   “It is planned to begin new futures for corn, barley and, most importantly, sunflower oil,” Prysyazhnyuk told...
11.06.2012

Gazprom to advance Ukraine $2 billion to finance huge gas purchases

Russia’s gas giant Gazprom agreed to pay $2 billion to Ukraine in advance to finance massive purchases of natural gas to secure stable transit of the energy resource to the European Union. The money, which covers almost a year of Russian gas transit via the Ukrainian gas pipelines,...
11.06.2012

Statement by IMF Mission to Ukraine

A team from the International Monetary Fund visited Kiev during May 21–28, 2012 to hold discussions for the 2012 Article IV consultation. The team met with Prime Minister Azarov, National Bank of Ukraine Governor Arbuzov, Minister of Finance Kolobov, other senior officials, and...
29.05.2012

Billionaire Kosyuk Plans MHP Buyback After Poultry Maker Slumps

The founder of Mironovskiy Hleboproduct SA (MHPC), Ukraine’s biggest poultry producer, is considering buying back shares after the stock slumped 44 percent over the last four years.   “Should the stock price continue to decline, I will buy back shares,” Yuriy Kosyuk,...
28.05.2012

Ukraine’s Sovereign Debt Rose 0.6% in April, Ministry Says

Ukraine’s debt, including state guarantees, rose 0.6 percent in April as the government borrowed domestically, Finance Ministry said.   State debt increased to $60.897 billion as of April 30 from $60.5 billion in the previous month, the Finance Ministry, based in the capital,...
25.05.2012

Shell and Chevron Win Ukraine Public Bid for Shale Gas

Two of the world's largest oil companies, Royal Dutch Shell plc and Chevron Corp, obtained the right to develop Ukrainian shale gas fields Yuzivske and Oleske, respectively, informed Prime Minister of Ukraine Mykola Azarov in his interview with Euronews. The fields are expected to provide...
17.05.2012
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