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Ukraines joining of European energy pact is an obstacle, Russia says

KIEV, Oct. 29 Russian Ambassador to Ukraine Mikhail Zurabov said Ukraine's joining the European Energy Community is an obstacle to the creation of an international gas consortium for the management of Ukraine's gas transport system with involvement of Gazprom.


Four companies bid to supply drilling oil, gas rigs to Naftogaz

KIEV, Oct. 29 Four companies submitted bids for a tender to supply two semi-submersible floating drilling rigs to Naftogaz Ukrayiny, the company reported.

Latvia's Rigas Kugu Buvetava, Singapore's Keppel FELS Limited, Belize's Magic Worldwide Ltd and Belize's Aida Holding Ltd submitted the bids.


Hryvnia loses value against dollar on forex market trading

KIEV, Oct. 29 The exchange rate of the hryvnia against the U.S. dollar on the interbank forex market on Monday fell to UAH 8.1800 from UAH 8.1675 per U.S. dollar registered on Friday, October 26.


Ukrainian billionaire Novinskiy buys Forum Bank from Commertzbank

KIEV, Oct. 30 - Ukrainian billionaire Vadim Novinskiy's Smart-holding has closed the acquisition of 96.06% of the shares in Kiev-based Forum Bank from Commerzbank AG, the holding said in a press release.


NERC to increase tariffs for energy from renewable sources Nov. 1

KIEV, Oct. 27 The National Electricity Regulatory Commission is to increase tariffs for electricity generated from renewable sources by 1.44% effective November 1.


Disclosure level falls short at Ukrainian banks, survey shows

KIEV, Oct. 28 The average level of information disclosure by 30 largest Ukrainian banks was 46.14%, which is evidence of a lack of transparency in the Ukrainian banking system compared to the international practice of information disclosure.


Ukraine GDP growth will slow next year, according to Fitch forecast

KIEV, Oct. 28 Growth in Ukraine's gross domestic product in 2011 is expected to reach 4.7%, but in 2012 it may slow to 4%, according to a forecast by Fitch Ratings.

According to the forecast, the average annual inflation in 2011 is projected at 9.5% and in 2012 at 9%, while the average hryvnia exchange rates are expected at UAH 8.10/$1 and UAH 8.30/$1 respectively.


Business slowdown may lead to lower Kiev rents, says realtor

KIEV, Oct. 28 Declines in business activity on the office market in Kiev could lead to a decrease in rent rates, Radomir Tsurkan, the manager of the Ukrainian office of CB Richard Ellis international company, forecasts.


Work suspended on new Kharkiv passenger rail terminal due to economy

KREMENCHUK, Oct. 28 The construction of an international rail passenger terminal in Kharkiv has been suspended due to the economic crisis, Southern Railways head Viktor Ostapchuk said.

He said that according to the schedule, the terminal's construction should have started in 2008.


Khmelnytsky reactor in line with IAEA standards, EnergoAtom reports

KIEV, Oct. 29 The safety standards at reactor two at the Khmelnytsky Nuclear Power Plant are in line with the standards of the International Atomic Energy Agency, the national nuclear generating company EnergoAtom reported on Tuesday.


    Archive of Business
Currencies (in hryvnias)
  20.11.2018 prev
USD 27.76 27.75
RUR 0.421 0.421
EUR 31.73 31.49

Stock Market
  19.11.2018 prev
PFTS 579.6 583.3
source: PFTS

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