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Business
Ukraine turns towards Europe in quest for energy alternatives
KIEV, Nov. 6 - Ukraine has started imports of natural gas from Europe as the government seeks alternatives to Russian sources of energy, Prime Minister Mykola Azarov said Tuesday.
Ukraine was importing about 1 million cubic meters/day of gas from RWE of Germany starting from November 1, and has been using existing gas pipelines. |
European trade group ‘alarmed’ at possible patent medicine ad ban
KIEV, Nov. 4 – The European Business Association has expressed alarm over the possible adoption of a law containing a requirement to ban the advertising of prescription-free medicine, which do not harm health, but treat the symptoms of diseases, as this would deprive consumers of information. |
$2 billion being invested into titanium sector, says Firtash
KIEV, Nov. 4 – The total size of investment in the development of the titanium sector after its consolidation through the creation of the Titan Ukrayiny public private holding is to exceed $2 billion, Ukrainian businessman Dmytro Firtash said in an interview with Den newspaper. |
Iron ore production by Ukraine’s biggest mines down through Oct. 31
KIEV, Nov. 5 - Iron ore production by Ukraine's biggest mines slowed in the first 10 months of 2008.
Inhulets Mining told Interfax that it raised concentrate production 4.5% year-on-year in the ten months to 11.999 million tons. Inhulets is Ukraine's biggest iron ore concentrate producer. The Kiev-based Smart Group owns the mine but has transferred 82.46% of the shares to the strategic management of System Capital Management's Metinvest holding. |
Moody’s downgrades Metinvest B.V. corporate family rating to ‘B1’
KIEV, Nov. 6 – Moody's Investors Service has downgraded the Ba3 corporate family rating and the Aa1.ru national scale rating of Metinvest B.V. to B1 and Aa3.ua, respectively, and the senior unsecured rating of the loan participation notes, issued by Azovstal Capital B.V. to B2, Moody’s said in a statement. |
Ukraine’s economy will shrink by 3% next year, according to IMF
KIRV, Nov. 6 - Deteriorating exports, limited external financing and a credit crunch will lead to a 3% decline in Ukraine's economy next year compared to this year's 6% GDP growth, the International Monetary Fund forecasts.
The IMF said this in a statement about the approval of a $16.4 billion stand-by loan to support of Ukraine's two-year anti-crisis program.
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Archive of Business
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| Currencies (in hryvnias) |
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21.03.2025 |
prev |
| USD |
41.54 |
41.57 |
| RUR |
0.489 |
0.497 |
| EUR |
45.00 |
45.32 |
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| Stock Market |
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20.03.2025 |
prev |
| PFTS |
507.0 |
507.0 |
| source: PFTS |
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