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Prosecutor asks Rada to lift MP immunity KIEV, July 1 – Prosecutor General Oleksandr Medvedko on Wednesday asked Parliament to lift immunity from Viktor Lozynskiy, a lawmaker from Prime Minister Yulia Tymoshenko’s group, to investigate his involvement into a recent murder in the Kirovohrad region. 10:29 | More |
Recent hryvnia devaluations caused by blunders, says NBU governor KIEV, July 1 – The hryvnia revaluations in 2005 and 2008, followed by the sharp devaluation at the end of last year are payment for first-rate macroeconomic policy blunders by several governments in a row, National Bank of Ukraine Governor Volodymyr Stelmakh said in an interview with the Mirror Weekly (Dzerkalo Tyzhnia) newspaper. 10:28 | More |
Tax administration report: 2008 saw 400 more hryvnia millionaires KIEV, July 1 – The incomes of 7,423 Ukrainian citizens in 2008 exceeded UAH1 million, which is 400 persons up year-over-year, deputy State Tax Administration Chairman Serhiy Lekar, said on Tuesday, referring prieliminary results of the individuals' income declaration campaign.
10:27 | More |
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Participants in EC technical meeting report progress on gas finance BRUSSELS, June 30 – The participants in a technical meeting in Brussels on Monday, at which the situation with payments by Ukraine for Russian gas was discussed, have made good progress in identifying the key issues of concern and elements for possible solutions including possible financing arrangements, according to a joint statement by the European Commission and international financial institutions.
10:25 | More |
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IN FOCUS
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Yulia to European banks: Send $4 billion KIEV, June 16 – Ukraine seeks to borrow $4 billion from European banks to secure massive natural purchases gas within the next two months to prevent supply disruptions in the winter, Prime Minister Yulia Tymoshenko said Tuesday. 11:02 | More |
Transport minister quits in row with PM KIEV, June 17 – Transportation Minister Yosyp Vinskiy resigned Wednesday, citing “serious disagreements” with Prime Minister Yulia Tymoshenko over policy issues, further weakening the government as Ukraine plows through its worst economic crisis in a decade. 10:51 | More | |
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| No end in sight: downswing in consumer mood continues to break records Ukraine greeted 2009 with a thus-far unseen worsening in the consumer mood as the crisis in the country’s economy worsened. In January 2009, the Consumer Confidence Index (CCI) fell a further 12.1pp over December 2008, to 41.8. This is a new record and the absolute lowest the Index has ever been since it began to be tracked. This level of the CCI indicates that more than three-quarters of Ukraine’s consumers are feeling pessimistic. More | THE ICE NOT THE FIRE At the height of his power with Standard Oil of Ohio, John D. Rockefeller controlled the production of 90% of the kerosene in the US, in the 1890s. As you sit in your home reading this by electric light, you most likely are saying so what.
The issue was, when Rockefeller had this 90% control, virtually everyone relied on kerosene to fill their lamps and space heaters. Even though Rockefeller was able to bring the cost of kerosene down by over 80% he had a stranglehold on the lighting of American homes. There was way too much power in the hands of one man and this unregulated influence could negatively affect the majority of the nation’s population.More | | ICPS downgrades its economic forecast for Ukrine ICPS has downgraded its economic forecast as export conditions took a sharp turn for the worse and access to external borrowing became more restricted, both as a result of the deepening global crisis. In the initial ICPS forecast, GDP was expected to grow, though at a slower pace, during the forecast period. Now ICPS analysts foresee much slower economic growth in 2008, a decline in 2009, stagnation with gradual recovery in 2010, and modest growth again in 2011 More | The global financial crisis hits the hryvnia The hryvnia is likely to continue to devalue over the next while, writes International Centre for Policy Studies economist Oleksandr Zholud in an article for Gazeta po-Ukrainski, a newspaper. The reasons for this are several: the foreign trade deficit is rising in Ukraine, external debts need to be serviced by the private sector, especially banks, and prices are falling on steel markets.More |
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| Currencies (in hryvnias) |
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02.07.2009 |
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| USD |
7.640 |
7.640 |
| RUR |
0.245 |
0.246 |
| EUR |
10.77 |
10.80 |
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| Stock Market |
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01.07.2009 |
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| PFTS |
411.1 |
411.2 |
| source: PFTS |
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