Breaking news

MPs propose from May 1 to increase excise on tobacco in Ukraine

13:07

17.03.2009

MPs have proposed from May 1, 2009 to increase excise rates on filterlesscigarettes by 2.2 times and by 60% for filter cigarettes.

Ban on debt collector activities to create shadow debt collection service market, says expert

12:16

17.03.2009

Any ban on engaging in collector activities, as pressed for by the Ukrainian Justice Ministry, would lead to the creation of a shadow debt collector service market, according to the director general of the X-point collector company, Roman Kryvosheyev.

Presidential secretariat hopes talks with IMF on renewing mission's work to be completed in 2-3 weeks

19:09

16.03.2009

Oleksandr Shlapak, the first deputy head of the presidential secretariat, says talks with the International Monetary Fund (IMF) on renewing the work of the fund's mission in Ukraine are likely to be completed within 2-3 weeks.

Yuschenko proposes that government, presidential secretariat and Naftogaz complete Naftogaz's financial plan

19:07

16.03.2009

Ukrainian President Viktor Yuschenko has proposed that the government, jointly with the presidential secretariat and NJSC Naftogaz Ukrainy, complete the financial plan of the company, Oleksandr Shlapak, the first deputy head of the presidential secretariat, said at a briefing in Kyiv on Monday.

NBU viewing proposals of five banks on attracting state funds to up capital, finance ministry says

19:05

16.03.2009

The National Bank of Ukraine (NBU) is viewing the proposals of five banks on attracting state funds to increase their capital, Ihor Umansky, the acting finance minister, has said.

Yuschenko signs law under which state geological survey will license minerals extraction

16:19

16.03.2009

Ukrainian President Viktor Yuschenko has signed a law under which the State Geological Survey, apart from developing mineral deposits, will also license mineral extraction from national deposits.

EBRD to provide $8 million for energy efficiency projects in Ukraine

16:19

16.03.2009

The European Bank for Reconstruction and Development has said it plans to provide no less than $8 million worth of technical funding for the development of energy efficiency projects in Ukraine.

New passenger car sales in Ukraine fall by 4.6 times in February

14:49

16.03.2009

Sales of new passenger cars in Ukraine in February fell by 4.6 times or by 78.3% compared to February 2008, to 10,902 cars, according to the AUTO-Consulting information and analytical group.

Shareholders in Ukrgasbank to propose state to enter bank's statutory capital

13:46

16.03.2009

Shareholders in Kyiv-based Ukrgasbank at a general meeting held on March 13 decided to propose the state to enter its statutory capital, the bank's press service reported lat week.

Shareholders in Kyivstar upgrade board, trimming board to four members

12:16

16.03.2009

Shareholders in CJSC Kyivstar GSM at a general meeting held on March 10 cut the size of the company's board to four members.

Ukraine's agriculture ministry expects 1% rise in agricultural production in 2009

11:01

16.03.2009

A rise in the gross agricultural production in Ukraine in 2009 is expected at 1%, according to Ukrainian Agriculture Minister Yuriy Melnyk.

Postponement of IMF credit could cause hryvnia to fall to UAH 9-9.2/$1, says expert

14:16

13.03.2009

A delay in issuing the second tranche of Ukraine's stand-by credit by the International Monetary Fund (IMF) could cause the hryvnia to fall to UAH 9-9.2/$1, according to the head of the financial market analytical department at Kyiv-based ING Bank Ukraine, Oleksandr Pecheritsyn.

NBU ready to permit banks to select curators themselves, says Ukrainian Credit-Banking Union

13:08

13.03.2009

The National Bank of Ukraine (NBU) is ready to permit banks to propose candidates for curators themselves, the press service of the Ukrainian Credit-Banking Union has reported.

Oranta cuts premium collection by 20% in January and February

12:06

13.03.2009

Kyiv-based national joint-stock insurance company Oranta in January and February 2009 collected UAH 125 million in insurance premiums, which is 20% less year-over-year, its board chairperson, Elena Bolotova, said at a press conference on Thursday.

DTEK forecasts fall in electricity consumption in Ukraine in 2009 by 12-13%

11:05

13.03.2009

Donetsk-based Donbas Fuel-Energy Company (DTEK) forecasts that electricity consumption in Ukraine in 2009 would fall by 12-13%.