Business

Ukraine to cut Russian gas imports as talks stall

The former Soviet republic, which relies on Russian gas imports to power its chemical plants and heat homes, has been attempting for more than a year …
Reuters

Miller: Ukraine maybe cutting gas selection concerns Gazprom

"Gazprom is concerned by those statements made today that Ukraine is getting ready to select significantly less gas than stipulated by contracts," …
Interfax-Ukraine

DTEK wins tender for 40% stake in Donetskoblenergo

Initially, DTEK proposed Hr 449.6 million for the stake and its rival – Luhansk Energy Association controlled by businessman Konstantin Grigorishin – …
Interfax-Ukraine

Ukrainian Agrarian Confederation: Restrictions of land use to result in shadow leasing

"Restrictions on land use, which today are being forced by lawmakers on the public, are a way to prevent effective crop planting, [destroying] the …
Interfax-Ukraine

Megafon forms subsidiary in Ukraine

LLC MF Telecom was founded in November 2011 in Kyiv, Megafon said in its materials. MF Telecom has been formed for operations on the traffic transit …
Interfax-Ukraine

Azarov: Ukraine’s GDP almost 5% up in 2011

He said that the balanced monetary policy of the National Bank of Ukraine (NBU) and the budget policy of the government allowed reaching a record low …
Interfax-Ukraine

Boiko: Ukraine to halve gas purchases from Russia

"We are cutting gas purchases by half, and we will be getting 27 billion cubic meters starting Jan. 1," Boiko told journalists in Kyiv on …
Interfax-Ukraine

Russia agrees on Ukraine’s 8.5% increase to oil transit tariff

Demin said that the tariff rate for the first quarter of 2012 have been approved and been in place effective Jan. 1. "Ukraine has produced the …
Interfax-Ukraine

Political scientist: Ukraine must keep control over its gas transporting system

"There is simply no other way out. Reform of Naftogaz Ukrainy and searching for a solution to the problem with Ukraine’s GTS are tasks that have to be …
Interfax-Ukraine

Tymoshenko claims contract she signed allows price adjustment without sanctions

"The contract for gas shipments, signed with the Russian Federation in 2009, envisions price formation in line with the European formula, and …
Interfax-Ukraine

European shares end lower, banks worst hit

Aluminium producer Alcoa Inc, perceived as a bellwhether to broader economic growth due to aluminium’s role in the production of many goods, kicks off …
Reuters

Swiss central bank chief quits over currency deal

His resignation came as he prepared to face Swiss parliamentarians in the aftermath of the scandal, and as the bank employee sacked for leaking news …
Reuters

Irish bank foiled in attempt to recoup Ukraina mall for debt

An Irish bank’s attempt to collect on debts by taking control of Kyiv’s landmark Ukraina shopping mall is being frustrated at every turn by a …
Mark Rachkevych

Futures signal slight gains for European shares

At 0745 GMT, futures for the EURO STOXX 50, for Germany’s DAX and for France’s CAC-40 futures were flat to 0.3 percent higher.
Reuters

Two Cypriot companies could buy assets in Silhospprodukt

The AMC also allowed Austock Limited (Cyprus) to acquire shares in OJSC Bila Tserkva elevator (Kyiv region), which is also controlled by …
Interfax-Ukraine

Danish-based Trigon Agri could buy three Ukrainian farms

This will allow the Cypriot company to obtain over 50% of the voting shares on the companies’ boards. Trigon Agri was established in 2006. At present …
Interfax-Ukraine

NBU: Ukraine’s international reserves shrink by 1.9% in December 2011

According to the central bank, in 2011, the country’s reserves shrank by 8%, or $2.781 billion As reported, in the middle of May 2011, international …
Interfax-Ukraine

Ministry: Ukraine in December imports natural gas at $412, $397.50 per 1,000 cubic meters

According to a report of the economic sector development department at the ministry, Ukraine imported natural gas under nine contracts in December, …
Interfax-Ukraine
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