Economy

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  • Ukrainian parliament fails to override veto on populist bill The Ukrainian parliament has put at rest bill No 1558-1 on the restructuring of loans denominated in foreign currency, which was vetoed by President Petro Poroshenko. The head of…
  • Ukraine's industrial decline in 2015 exceeds 13 per cent In 2015, industrial production in Ukraine shrank by 13.4 per cent compared with 2014, the State Statistics Service said in an express review on 21 January. The extraction industry…
  • Ukrainian cabinet lists conditions for EU loan The Cabinet of Ministers has said that parliament needs to pass five bills for the country to be able to receive another tranche of 600m euros of EU macrofinancial assistance, the…
  • Ukrainian bank in dispute with Russian namesake The state-owned Oshchadbank Ukrayiny (in English: Savings Bank of Ukraine, in Russian: Sberbank Ukrainy) has filed a lawsuit against Sberbank, formerly the affiliate bank of Sberbank…
  • Ukraine tests freight route to China bypassing Russia The maiden freight batch to be transported along the Ukraine-Georgia-Azerbaijan-Kazakhstan-China route left the Illichivsk seaport on 15 January 2016. The ceremony to launch a container…
  • IMF notes "outstanding issues" with Ukraine programme review Gerry Rice, the director of the IMF Communications Department, has said some "outstanding issues" need to be resolved before the second review of the Extended Fund Facility programme…
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  • Ukraine secures freight preferences en route to bypass Russia Ukraine, Azerbaijan, Kazakhstan and Georgia have signed a protocol on preferential freight tariffs along the Trans-Caspian international transport route. The protocol was signed by…
  • Russia blocks transit of Ukrainian goods As of 4 January 2016, the Russian Federation has completely disallowed the transit of goods from Ukraine through its territory, Ukraine's Economic Development and Trade Ministry has…
  • EU-Ukraine free trade deal comes into force The free trade area between the EU and Ukraine as part of the association agreement signed in June 2014 came into force on 1 January 2016. The free trade area means the sides will…
  • Ukraine stops free trade with Russia As of 1 January 2016, Ukraine has cancelled trade preferences for goods exported by Russia. From now on they will be charged in line with the Customs Code of Ukraine, the press service…
  • Ukraine issues list of Russian products to be banned Ukraine has come up with a list of Russian goods whose exports will be banned as of 10 January in response to the food embargo imposed by Russia. The Ukrainian Economic Development…