Breaking news

Ukrzaliznytsia to buy 2,000 freight wagons, 170 passenger wagons in 2009, says transport minister

18:54

28.01.2009

The State Rail Transport Administration, also known as Ukrzaliznytsia, plans to buy 2,000 freight wagons and 170 passenger wagons in 2009, Ukrainian Transport and Communications Minister Yosyp Vinsky said at a ministry meeting.

IMF forecasts Russian economy to fall 0.7% in 2009

18:07

28.01.2009

The International Monetary Fund (IMF) is now forecasting the Russian economy will contract 0.7% in 2009 but grow 1.3% in 2010, the IMF said in a supplement to its World Economic Outlook.

Gazprom sees no financing difficulties; may raise loans secured with exports

17:17

28.01.2009

Gazprom has so far not experienced problems raising funds for refinancing its debt, Deputy CEO Alexander Medvedev said in an interview on Russia Today television.

Fitch comments on Bank Diamant downgrade

16:46

28.01.2009

Fitch Ratings commented on the recent downgrade of Ukraine-based Bank Diamant's National Long-term rating to 'B+(ukr)' from 'BB-(BB minus)(ukr)'. The Outlook is Negative.

Lutsk Car Plant increases sales by 93.5%, Cherkasy Bus Plant – by 38.5% in 2008

15:01

28.01.2009

Lutsk Car Plant (LuAZ, Bogdan Car Plant), part of the Bogdan Corporation, in 2008 increased its net income from sales by 93.5% year-over-year, to UAH 7.994 billion, Bogdan Corporation President Oleh Svynarchuk told the press on Wednesday.

Retailers propose to introduce common license on alcohol and tobacco sales, cut license cost

14:46

28.01.2009

Ukrainian retailers have proposed to the Ukrainian cabinet to introduce a common three-year license on alcohol and tobacco retail sales and set its cost at UAH 780 per outlet.

Krymkhlib increasing prices by 7-15%

13:46

28.01.2009

OJSC Krymkhlib, one of the largest bread producers in Crimea, is increasing the price of its products by 7-15% due to a jump in the prices of energy, raw materials and services.

Moldova ready to buy electricity in Ukraine if long-term supplies guaranteed

12:53

28.01.2009

Moldova is ready to sign a contract to buy Ukrainian electricity, if long-term supplies are guaranteed, First Deputy Prime Minister and Minister of Economy and Trade Igor Dodon said at a press conference in Chisinau on Tuesday.

Regal Petroleum launches two deep drilling machines at Mekhedivska-Holotovschynska field

12:52

28.01.2009

Britain's Regal Petroleum Plc has started drilling at the Mekhedivska-Holotovschynska field, using two new deep drilling machines.

Ukraine's state budget revenue 102.8%, expenditure 97.2% of plan in 2008

11:06

28.01.2009

The revenue of the Ukrainian national budget's general fund was 2.8% more than expected, and expenditure was 2.8% less than expected in 2008 (not including state credits, expenses for servicing state debt and intergovernmental transfers), according to State Treasury preliminary calculations posted on its official website.

Ukravtodor to raise $465 m loan from Credit Suisse under state guarantees, according to Ukrainian government resolution

17:33

27.01.2009

Credit Suisse International will grant a $465 million credit to the State Road Service of Ukraine (Ukravtodor) at a six-month Libor plus 8 percentage points rate under state guarantees.

EBRD expects Ukrainian economy to shrink by 5% in 2009

16:07

27.01.2009

The European Bank for Reconstruction and Development (EBRD) has changed its forecast for the Ukrainian economic development in 2009 from 1% growth predicted in November 2008 to a 5% decline.

Nadra Bank denies accusation of non-purpose use of NBU refinancing

15:04

27.01.2009

Kyiv-based Nadra Bank has denied accusations by Ukrainian Premier Yulia Tymoshenko that it has used refinancing from the National Bank of Ukraine (NBU) for purposes other than those it was granted for, the bank's press service has reported.

Britain's bmi to launch Kyiv-London flights from March 29

14:38

27.01.2009

British Midland Airways (bmi), the second largest British air carrier, from March 29 is to start a Kyiv (Boryspil)-London (Heathrow) flight, according to a posting on its website.

UAH 210 b should be raised to overcome recession in construction sector, says minister

13:38

27.01.2009

UAH 210 billion should be attracted to overcome the recession in the construction sector, according to Regional Development and Construction Minister Vasyl Kuybida.