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                        FRIDAY, NOVEMBER 29, 2024
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UGA calls on authorities to take measures to stimulate grain exports

KIEV, Nov. 25 – The Ukrainian Grain Association is calling on the country’s authorities to take measures as soon as possible to stimulate grain exports, UGA President Volodymyr Klymenko said.

"We need to export at least 10 million tonnes of grain. If we don't this, then by July 1, 2009, we will have a reserve of 17 million tons, and this is a catastrophe,” he told Interfax-Ukraine.


Switzerland’s AEG to build five hydropower plants in Ivanofrankivsk

KIEV, Nov. 25 – Switzerland's Alter Energy Group AG (earlier Fincon, Zurich) has signed a letter of intent to build and own five hydropower plants in the Ivano-Frankivsk region of Ukraine with Halychynaenergoinvest Company.


Ukraine’s economic growth won’t restart before 2010, say experts

KIEV, Nov. 25 – Ukraine's economic growth can restart no earlier than 2010, according to experts from the International Monetary Fund and World Bank.

According to a Dragon Capital Investment Company press release, which cites the participants of a phone conference organized by the company, IMF and World Bank experts are considering two scenarios of development for the macroeconomic situation in Ukraine.


Poltava Mining owner to spend $158 million to expand production

KIEV, Nov. 23 - Ferrexpo Plc, which owns 86% of Ukraine's top iron ore pellet producer Poltava Mining, has launched a $158 million project to expand production at the Horishne-Plavninske and Lavrikovske (GPL) deposits to about 32 million tons of ore per year by 2011 from the current 28 million tons.


Naftogaz Ukrayiny delegation heads home from Moscow after tax fracas

KIEV, Nov. 22 - A Naftogaz Ukrayiny delegation headed by the company chairman Yevhen Bakulin had to interrupt talks on the gas supplies to Ukraine in 2008-2010, which were being held in Moscow, and return to Kiev due to the threat of the company's work being blocked by the tax authorities, according to a statement the holding issued on Thursday.


Share of foreign capital in Ukraine’s banks fell in October

KIEV, Nov. 22 - The share of foreign capital in the Ukrainian banking sector fell from 35% in September to 33 % in October, according to a posting by the National Bank of Ukraine on its official Web site.


City of Kiev may borrow $250 million on international markets

KIEV, Nov. 22 - Kiev City state administration does not rule out more foreign borrowing of $250 million by late 2007 or in the first quarter 2008, according to the head of the chief financial department at the state administration, Viktor Padalka.


$2 billion Olimpiyskiy Stadium project unveiled by companies

KIEV, Nov. 23 - Representatives of Germany's Strabag construction company, Turkey's Renaissance Construction, Canada's Brisbin and Co., Ginec Company and Arzu architectural firm have introduced a new project for the reconstruction of the Olimpiysky sports complex in Kiev worth around $2 billion, the coordinator of the project, Volodymyr Bulankov, said on Thursday.


Fuel and Energy Ministry announces latest new personnel shifts

KIEV, Nov. 25 ??“ The Fuel and Energy Ministry has made a number of personnel shifts within its offices, its official web site reports, according to Interfax-Ukraine.


Demand for eurobonds dropping due to political uncertainty

KIEV, Nov. 24 ??“ Demand for Ukrainian eurobonds has dropped due to political instability in Ukraine, bankers asked by Interfax-Ukraine said on Wednesday.


    Archive of Business
Currencies (in hryvnias)
  29.11.2024 prev
USD 41.60 41.60
RUR 0.383 0.370
EUR 42.86 42.80

Stock Market
  28.11.2024 prev
PFTS 507.0 507.0
source: PFTS

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