Economy

Canada, U.S. and Mexico signed a trade deal. What happens now?

The process of implementing the deal isn't over yet. Here's a look at what happened this week, and what's likely to come.

FAA predicted more Boeing 737 MAX planes would crash — but still allowed them to fly.

The Federal Aviation Administration did not ground the plane until a second deadly crash five months later.

UAH 242 bln transferred to local budgets this year

UAH 242.3 billion in taxes and fees was paid to local budgets between January and November 2019, the press service of the State Tax Service of Ukraine has reported.

Ukraine completes sugarbeet harvest

Ukrainian farmers have completed sugarbeet harvest as 9.8 million tonnes were cropped.

Over 13 bln cu m of gas injected into Ukrainian gas storages this year.

In January-November 2019, 13.1 billion cubic meters of gas were injected into Ukrainian underground gas storage facilities, up 34% compared to the corresponding period last year.

Ukrgasvydobuvannya starts talks with Romanian, Chinese companies on signing PECs.

Ukrgasvydobuvannya gas production company has started talks with Romanian and Chinese companies on conclusion of a production enhancement contract (PEC) for two groups of depleted fields in western region.

Over 81 bln cu m of gas transported to Europe via Ukraine's GTS this year.

In January-November 2019, Ukraine transported 81.5 billion cubic meters of gas to European countries and Moldova, up 3% compared to the same period last year.

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Government sets up Office of Financial Management

The Cabinet of Ministers of Ukraine has established the Office of Financial Management, based on the State Audit Service, which will implement state policy in the field of public financial management.

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Ukravtodor starts testing Waze navigation app

The State Agency of Automobile Roads of Ukraine (Ukravtodor) has started using the Waze navigation system.

SETAM sold property worth UAH 3 bln this year

Since the start of 2019, the state-owned electronic platform OpenMarket has sold property worth UAH 3.3 billion, according to a press release of the State-Owned Enterprise System of Electronic Trading in Seized Property (SETAM).

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Over ten million Ukrainians use Privat24 banking app.

More than ten million Ukrainians actively use the Privat24 banking app, PrivatBank has said in a press release obtained by Ukrinform.

Ministry initiates creation of one more fund to support startups.

The Ministry of Digital Transformation intends to create one more fund to finance Ukrainian startups.

Finance Ministry attracts UAH 4.4 bln from government bonds’ sale

The Ukrainian Finance Ministry attracted UAH 4.38 billion to the state budget as a result of the sale of government domestic loan bonds on December 10, the Finance Ministry’s press service reported.

‘Law of the jungle’: World Trade Organization appeals court shut down by U.

Trump and his top trade negotiator, Robert Lighthizer, are especially vociferous critics of the WTO. They argue that the trade organization constrains America's ability to counter unfair trading practices by China and other countries.

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Here’s what’s going to change with the newly signed CUSMA trade pact.

More than anything, though, USMCA would just restore certainty to US$1.4 billion worth of annual trade between the three countries more than two years after Trump began contentious negotiations on a new regional trade pact.

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Gazprom planning to continue bilateral gas talks with Ukraine in near future.

Russian gas monopoly Gazprom plans to continue bilateral gas talks with Ukraine in the coming days.

Government to allocate UAH 480 mln for new Customs Service - Nefyodov.

The Ukrainian government will allocate about UAH 480 million for the proper functioning of the new Customs Service and its infrastructure.

Over UAH 106 bln of pension debts repaid to IDPs – Social Policy Ministry.

Over UAH 106 billion of debts were paid off in different years to internally displaced persons (IDPs), who could not receive pension payments for various reasons.

Kharkiv airport sees almost 40% rise in passenger flow in January-November 2019.

Kharkiv International Airport increased its passenger flow by 39% in January-November 2019, handling more than 1.2 million passengers on domestic and international flights.

U.S. Embassy congratulates Ukraine, IMF on reaching new agreement

The Embassy of the United States in Kyiv has congratulated Ukraine and the International Monetary Fund (IMF) on reaching an agreement for a new aid program.

Former Boeing employee who warned of 737 MAX problems expected to testify.

Boeing spokesman Gordon Johndroe said on Monday that "although Mr. Pierson did not provide specific information or detail about any particular defect or quality issue, Boeing took his concerns about 737 production disruption seriously."

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Ukraine, Russia fail to agree on gas transit in Paris.

At the Normandy format summit in Paris, Ukraine and Russia have failed to agree on the conclusion of a new agreement on Russian gas transit to Europe from January 1, 2020.

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Trump’s ‘improper pressure’ prevented Pentagon contract, Amazon lawsuit says.

The Pentagon awarded the cloud computing contract to Microsoft in October.

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Tentative CUSMA deal reached by White House, House Democrats: source.

Details for the tentative CUSMA deal still need to be finalized.

Poland's PGNiG and Ukraine's ERU to launch gas production in Lviv region.

Poland's PGNiG SA and Ukraine's ERU Group have signed a contract on exploration and production of natural gas in Lviv region, PGNIG has said on its website.

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