Business

Yushchenko: date for Chernobyl's closure to be announced today

sident Bill Clinton. According to Interfax news agency, Yushchenko disclosed the news during a meeting with the secretary general of the French …
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Shares edge up, traders see falls ahead

KYIV, June 2 – Leading Ukrainian shares gained slightly this week amid lacklustre trade, and dealers did not exclude a slight fall next week due to …
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Control and legal regime key for energy sales

ming months are a success, one potential participant said on Friday. Victor Pergat, the head of Canadian electricity company Northland Power's …
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Press Digest – June 2

HOLOS UKRAINY Kazakh President Nursultan Nazarbayev is due to arrive in Ukraine on Friday. The parliament rejected a government proposal to privatize …
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Insurer seeks Western investor to expand

KYIV, June 2 – One of Ukraine's largest insurers, ASKA, is seeking a Western investor for expansion, the company said on Friday. 'In line with …
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Cabinet plans 14 percent inflation for 2001

KYIV, June 1 – The Cabinet predicts 14 percent inflation for 2001, Finance Minister Ihor Mitiukov told a press conference on Thursday. 'The …
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GDP seen growing 4.0 percent in 2001

KYIV, June 1 – The 2001 draft budget envisages 4 percent growth of gross domestic product versus an expected rise of 1 or 2 percent this year, Finance …
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Energy sales adviser vows transparency

KYIV, June 1 – The adviser for the privatization of seven Ukrainian regional electricity distribution companies on Thursday vowed to make the sale …
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Cabinet of Ministers approves reduction of local government employees by 14,000

KYIV, June 1- The Cabinet of Ministers has adopted a resolution directing local authorities to reduce the numbers of their employees by 14,170, Prime …
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Parliament passes first stage of banking law

KYIV, June 1 – On Thursday, parliament passed in a first of two required readings a draft law on banks and banking activity which the country needs to …
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Daewoo’s Besarabska project doomed?

It was supposed to be a business jewel in the heart of Kyiv, setting an example for others to follow: The joint venture between South Korea’s Daewoo …
Vitaly Sych
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Anna Stepanenko

Sell-offs and loans needed to service 2001 debt

KYIV, June 1- Ukraine needs to boost sell-offs and has to attract foreign loans next year worth $450 million to service state debt estimated to top $2 …
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MPs reject Ukrtelekom privatization plan

he country. Only 160 deputies of the 450-seat chamber backed the draft law that envisaged selling a 45 percent stake in Ukrtelekom to a strategic …
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Medical importers stymied by red tape

For years Ukraine has been working to simplify its complicated certification system for imported medicines in order to meet the requirements of the …
Anna Kozmina

Insurers cry foul over firm’s monopoly on non-resident health insurance

Ukraine’s private insurance firms are up in arms over the alleged monopoly held by Ukrinmedstakh – a company set up by the state to provide obligatory …
Roman Olearchyk

SPF to offer 20% stake in Azovstal in July

KYIV May 31 – The State Property Fund plans to offer a 20 percent stake in the Mariupol-based Azovstal metallurgical plant via a stock exchange in …
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Diesel fuel excise duty to be restored

KYIV, May 31 – Ukraine will restore excise duty on diesel fuel from June 1, but will ask parliament to extend tax breaks on other oil products until …
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Ukraine will not sell power distributors in 2000

KYIV, May 31 – Ukraine will not hold planned auctions for stakes in seven electricity distributing companies until next year as it needs more time to …
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