Business

SPF announces oblenergo tender conditions

KYIV, Oct 31 – On Monday, October 30, the State Property Fund announced the conditions for the sale of controlling share packages in Khersonoblenergo, …
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ING Barings Ukraine increases statutory capital

KYIV, Oct 31 – ING Barings Ukraine has increased its statutory capital by Hr 25.7 million to Hr 47.7 million, a representative of the bank said, …
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Derzkomzviazok looks to increase revenues from licensing in 2001

KYIV, Oct 31 – The State Committee for Communications and Information Technology aims to increase budget revenues from the licensing of professional …
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Ukraine sees gallium output up to 10 T by 2002

KYIV, Oct 31 – Ukraine’s only producer of the minor metal gallium, Mykolaiv Alumina Plant, plans to increase output to 10 tons per year by 2002 from …
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Kazakhstan signs deals to export 350,000 T of grain

ASTANA, Kazakhstan, Oct 31 – Kazakh state grain procurement agency Prodkorporatsiya said on Tuesday it had signed contracts to export 350,000 tons of …
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Banks increase reserves against loan risks and debts, resulting in lower profits

ainst risks connected with loan operations and debts by Hr 250 million, from Hr 2.071 billion to Hr 2.321 billion, during the July-September period of …
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Ukraine sees bumper sugar beet crop in 2001

KYIV, October 31 – Ukraine increased sugar beet output to 14.2 million tons in clean weight in 2000 from last year’s 13.9 million, and officials said …
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Khmelnytskoblenergo reports $920,000 profit

KYIV, October 31 – Ukraine’s electricity distributing company Khmelnytskoblenergo posted a net profit of Hr 5 million ($920,000) in the first six …
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Plusznykov accuses Yushchenko of planning to establish control over Savings Bank

ssal from the post of head of the supervisory council of Savings Bank, in a statement to Ukrainian News, has accused Prime Minister Viktor Yushchenko …
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NBU bought $24 million on interbank last week

KYIV, Oct30 – The National Bank of Ukraine bought $24 million on the interbank currency market last week (from October 23 to 27), a representative of …
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Economy Ministry warns metallurgy plants of possible U.S. antidumping investigation

KYIV, Oct 30 – The Economy Ministry has warned Ukrainian metallurgical enterprises of the possibility of antidumping investigations being launched …
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NBU may abandon hryvna free-float policy, peg currency to hard currency, report says

KYIV, Oct 30 – The National Bank of Ukraine may consider the possibility of switching from a free-floating hryvna policy, to a national currency …
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Ukraina Bank believes itself to be unfairly excluded from payments to Nazi victims

  KYIV, Oct 30 – Ukraina Bank considers unfair the Cabinet of Ministers decision to exclude the bank from payment of compensations to the Ukrainian …
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Government's adviser on oblenergo sale insists on urgent energy sector reform

‘s adviser on the planned sale of six regional power supply companies, is insistently recommending that the government urgently implement the energy …
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Alfa-Bank Completes Takeover of Kievinvestbank

KYIV, October 28 – Alfa-Bank, one of Russia’s leading banks, said on Friday it had completed the acquisition of Ukraine’s Kievinvestbank and planned …
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Ukraine shares slide amid low volume, weak demand

KYIV, October 27 – Leading Ukrainian shares edged down over the past week amid weak demand and traders predicted further slides next week due to low …
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NBU wins on loro accounts, but shadow forces find other loopholes

and capital flight through the hryvna accounts of foreign banks, but shadow dealers have found new ways to implement “gray” schemes, Serhy Brahyn, the …
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Finance Ministry pays NBU for state bonds

KYIV, Oct 27 – On Wednesday, October 25, the Finance Ministry paid the National Bank of Ukraine Hr 200 million for domestic loan bonds, or OVDPs, the …
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