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                        THURSDAY, MAY 15, 2008
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Govt to tap international credit markets
KIEV, May 14 – Prime Minister Yulia Tymoshenko, facing a shortfall in budget revenue this year, plans to resort to international borrowing to raise cash needed to fund her populist Soviet-era depositor bailout campaign. 08:06 | More
Yushchenko calls on government to suspend Vanco license cancellation
KIEV, May 14 - President Viktor Yushchenko on Wednesday called on the government to suspend its controversial decision canceling an offshore oil exploration and production license for U.S. oil company Vanco Energy. 08:05 | More
Ukraine’s largest oil refinery starts to import oil from Belarus
KIEV, May 14 - Ukraine’s largest oil refinery, UkrTatNafta, plagued by a dispute with Russian oil company Tatneft, one of its shareholders, started to import crude oil from Belarus, a source at the company said Wednesday. 08:04 | More
President Victor Yushchenko made a brief statement on Tuesday regarding latest events in the Verkhovna Rada, in which he urged deputies of parliamentary majority to resume constructive work. (Photo by Yushchenko's press service)
Fitch revises Ukraine outlook down to Stable, from Positive
LONDON, May 14 - Fitch Ratings announced it has revised Ukraine's Outlooks to Stable from Positive. Ukraine's Long-term foreign and local Issuer Default Ratings (IDR) are affirmed at 'BB-' (BB minus). The Country Ceiling is affirmed at 'BB-' (BB minus) and the Short-term foreign currency IDR at 'B'. 08:03 | More
IN FOCUS Yushchenko sends agents to Property Fund
KIEV, April 24 – President Viktor Yushchenko stepped up security at the State Property Fund, the country’s privatization agency, amid a looming clash with the government of Prime Minister Yulia Tymoshenko over assets to be sold off. 22:34 | More
Inflation is ‘terrible,’ says Yushchenko
KIEV, May 7 – President Viktor Yushchenko said Wednesday that Ukraine’s inflation this year was “terrible” and may soon start to affect the manufacturing sector and eventually slow down the country’s economic growth. 12:01 | More
COMMENT AND ANALYSIS
Better legislation is the way to ensure gender equality

Over the last two months, ICPS specialists organized press conferences in oblast centers as part of the “Policy Campaign for Promoting Gender Equality in Ukraine” project. At these briefings, ICPS presented concepts to ensure equal rights and opportunities for women and men. Project Manager and ICPS senior economist Olha Romanyuk says the adoption of these bills will make it possible for Ukrainian society to come closer to international standards of gender equality.More

Reforming audit and control systems as part of fiscal decentralization

In September 2007, the “Auditing Functions Survey” project came to an end. The result was a report that covered various issues of legal and institutional support for auditing budgets, how to verify the qualifications of auditors and compliance with international standards for control and audit. The main conclusion of this study was establishing a system for local internal financial control must be an integral part of the reform of interdepartmental relations that must, in turn, accompany fiscal decentralization. More

Lobbying is the only legitimate instrument for influencing policy

In Ukraine, lobbying is perceived as an illegitimate process. The country has not yet set any rules for lobbying, with the result that lobbying is frequently associated with corruption. Yet defending the interests of various groups of a society—businesses, pensioners, minorities, and so on—has long been a regular practice in many mature democracies. And lobbying is an instrument that allows these groups to be involved in the decision- and policy-making process More

Lessons in democracy for Ukraine

On 13 July 2007, the ICPS and the National Academy of Public Administration under the President of Ukraine held a roundtable called Lessons in Democracy: World practice for Ukraine. During the roundtable, ICPS experts presented a compendium of ICPS articles that analyze global experience in the operation of key political topics, such as coalition governments, oppositions, cohabitations, primaries, lobbying and the transfer of power from one government to another.More

Nation
Govt to tap international credit markets
Yushchenko calls on government to suspend Vanco license cancellation
President barred from making annual speech
PM calls on state to develop offshore oil
Moscow mayor barred following provocative remarks over Sevastopol
Our Ukraine warns PM group on amendments
Ukrainians are urged to lift grain export quotas to ease food crisis
Inflation is ‘terrible,’ says Yushchenko
Consumer prices increase sharply in April
President calls for speedy decision on Odessa-Brody oil pipeline
Premier moves to control security agency
Yushchenko SPF chief warns investors against Odessa Portside sale
Privatization agency struggle continues
NBU blames 2008 inflation on government’s social spending policies
Business
Ukraine’s largest oil refinery starts to import oil from Belarus
Fitch revises Ukraine outlook down to Stable, from Positive
Boryspil Airport passenger terminal to be completed by late 2010
Cabinet action raises price of natural gas for most end users
US Agriculture Dept predicts increase in grain harvest this year
Vanco subsidiary may sue govt for violating production agreement
Industrial production in Ukraine up 8% YTD through April 30
VS Energy International signs Siemens contract for gas turbines
Transport ministry in talks over new Boryspil passenger terminal
Ukrainian bank profits hit UAH3.9 billion through April 30, up 70%
Ukrainian companies sharply reduce sunflower oil export shipments
Myronivsky Khliboproduct raises $322 million though stock offering
Currencies (in hryvnias)
  15.05.2008 prev
USD 5.0500 5.0500
RUR 0.2117 0.2129
EUR 7.7967 7.8139

Stock Market
  14.05.2008 prev
PFTS 950.50 944.30
source: PFTS

OTHER NEWS

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