Money

UNIAN: Ukraine central bak cuts official forex rate

KyivPost

The National Bank of Ukraine (NBU) on Oct. 20 evening lowered the official hryvnia exchange rate by 15 kopiykas, bringing the national currency to Hr 28.18 to the dollar. Read more here. The post UNIAN: Ukraine central bak cuts official forex rate appeared first on KyivPost.

Reuters: Russian firms test non-dollar deals to sidestep any US sanctions

KyivPost

MOSCOW – Several major Russian companies are exploring ways to do deals abroad without using dollars, spurred on by a U.S. threat to broaden sanctions that have impeded access of some Russian firms to the international banking system. Read more here. The post Reuters: Russian firms test non...

UNIAN: Ukraine central bank sets official forex rate at Hr 27.92 to dollar

KyivPost

On Oct. 12, hryvnia quotations against the dollar on the interbank forex market by the close of trade settled at Hr 27.94/27.97 to the dollar. Read more here. The post UNIAN: Ukraine central bank sets official forex rate at Hr 27.92 to dollar appeared first on KyivPost.

UNIAN: IMF report shows Ukraine Europe’s poorest country

KyivPost

Ukraine is the poorest country in Europe according to data from the new report of the International Monetary Fund, said Volodymyr Kompaniets, an economist who manages a private investment fund in the U.S. stock market. Read more here. The post UNIAN: IMF report shows Ukraine Europe’s poores...

UNIAN: Fiscal Service says over 30 percent Ukrainians get under-the-table wages

KyivPost

Deputy Chairman of the State Fiscal Service of Ukraine Yevhen Bambizov has said over 30 percent Ukrainians get under-the-table wages. Read more here. The post UNIAN: Fiscal Service says over 30 percent Ukrainians get under-the-table wages appeared first on KyivPost.

Wall Street Journal: US takes on Russia’s favorite money haven – Cyprus

KyivPost

NICOSIA, Cyprus—On Good Friday, top managers of this island’s largest bank were at Greek Orthodox churches when their phones began to buzz. Their largest shareholder, Russian oligarch Viktor Vekselberg, had just been sanctioned by the U.S. Treasury. Read more here. The post Wall Street Journal: U...

UNIAN: Ukrine central bank reports on stabilization in forex market

KyivPost

The National Bank of Ukraine (NBU) has announced stabilization in the foreign exchange market. Read more here. The post UNIAN: Ukrine central bank reports on stabilization in forex market appeared first on KyivPost.

UNIAN: Central bank strengthens official hryvnia forex rate

KyivPost

The National Bank of Ukraine strengthened the official hryvnia exchange rate by three kopiykas, bringing the national currency to Hr 28.26 to the dollar. Read more here. The post UNIAN: Central bank strengthens official hryvnia forex rate appeared first on KyivPost.

Savings of Ukrainians Hr 13 billion up in the second quarter of 2018

KyivPost

The income of the population of Ukraine in April-June amounted to Hr 758.6 billion, expenditures to Hr 745.6 billion, Ukrainians’ savings increased by Hr 13 billion, according to the State Statistics Service. According to its data, disposable income, which can be used to purchase goods and ...

Ukrinform: Ukraine’s central bank to simplify purchase of foreign currency from November

KyivPost

Currency control will be relaxed from Nov. 1, for the purchase of foreign currency by non-residents for the purpose of returning foreign investments abroad after transactions with domestic government loan bonds. Read more here. The post Ukrinform: Ukraine’s central bank to simplify purchase...

UNIAN: National Bank of Ukraine strengthens official hryvnia forex rate

KyivPost

The National Bank of Ukraine on Sept. 25 evening strengthened the official hryvnia exchange rate by five kopiykas, bringing the national currency to Hr 28.06 to the dollar. Read more here. The post UNIAN: National Bank of Ukraine strengthens official hryvnia forex rate appeared first on KyivPost.

EBRD to invest $2-4 million in development of renewable energy auction infrastructure in Ukraine

KyivPost

ODESA – The European Bank for Reconstruction and Development (EBRD) is about to invest from $2 million to $4 million in the development of infrastructure of auctions stimulating renewable energy, EBRD Deputy Director in Ukraine Marina Petrov said during her interview to the Reform.Energy website....

UNIAN: Ukraine’s central bank cuts official hryvnia exchange rate

KyivPost

The National Bank of Ukraine on Sept. 24 evening lowered the official hryvnia exchange rate by 5 kopiykas, bringing the national currency to Hr 28.11 to the dollar. Read more here. The post UNIAN: Ukraine’s central bank cuts official hryvnia exchange rate appeared first on KyivPost.

UNIAN: Ukraine’s central bank sets official forex rate at Hr 28.06 to dollar

KyivPost

On Sept. 21, hryvnia quotations against the dollar on the interbank forex market by the close of trade settled at Hr 28.05/28.07 to the dollar. Read more here. The post UNIAN: Ukraine’s central bank sets official forex rate at Hr 28.06 to dollar appeared first on KyivPost.

UkrInform: EU to provide 54 million euros to Ukraine’s Energy Efficiency Fund

KyivPost

The European Union is ready to provide the second tranche of financial assistance worth 54 million euros to support the Energy Efficiency Fund of Ukraine. Read more here. The post UkrInform: EU to provide 54 million euros to Ukraine’s Energy Efficiency Fund appeared first on KyivPost.

The Economist: ‘Moneyland’ is an urgent exposé of the world of mega-wealth

KyivPost

From the outside, 29 Harley Street looks like any other office block in central London. But it is an entry port to Moneyland, Oliver Bullough’s term for a virtual country populated by the mega-rich and their hangers-on. The building came to prominence when Ukrainian anti-corruption campaigners in...

RFE/RL: Cities with the most ultrarich people (Infographics)

KyivPost

Hong Kong overtook New York in having the most people worth more than $30 million. Take a look at cities with the most ultrarich people here. The post RFE/RL: Cities with the most ultrarich people (Infographics) appeared first on KyivPost.

UNIAN: National Bank of Ukraine cuts official exchange rate

KyivPost

The Central Bank set the following official exchange rates of the hryvnia against leading foreign currencies for Sept. 17: $100 costs Hr 2,815.2072; 100 euros costs Hr 3,290.6957. Read more here. The post UNIAN: National Bank of Ukraine cuts official exchange rate appeared first on KyivPost.

Ukraine’s government proposes Hr 5.4 billion in budget funds for culture in 2019

KyivPost

Ukrainian Prime Minister Volodymyr Groysman says the Ukrainian government proposes Hr 5.4 billion, or $192 million, in budget funds for culture in 2019. While presenting the draft national budget for 2019 at a government meeting in Kyiv on Sept. 14, Groysman said Hr 1 billion would be allocated f...

Wall Street Journal: Russia raises interest rates to boost ruble

KyivPost

MOSCOW—Russia’s central bank raised interest rates on Sept. 14, moving to defend the ruble against market volatility and inflation as global investors question the outlook for emerging-market economies and the possibility of fresh U.S. sanctions. Read more here. The post Wall Street Journal: Russ...

Reuters: UK court says Ukraine-Russia $3 billion Eurobond case should go to trial

KyivPost

LONDON/KYIV – Britain’s court of appeal ruled on Sept. 14 that Ukraine had a justiciable defence in a $3 billion (2.29 billion pounds) Eurobond case that was originally brought by Russia and said the case should be allowed to go to full trial. Read more here. The post Reuters: UK court says...

UNIAN: Ukraine’s Finance Ministry notes significant victory in $3 billion bond litigation with Ru...

KyivPost

The English Court of Appeal on Sept. 14 given its long awaited judgment in Ukraine’s appeal against the Summary Judgment entered in Russia’s favor in March 2017 in the case concerning the so called Russian debt, and the decision to reverse Summary Judgment and permit Ukraine to argue ...

Ukrainians buy $46 million more currency from banks than sell

KyivPost

Ukrainians in August 2018 bought currency from banks for the equivalent of $1.045 billion, while sold for $999.3 million, the National Bank of Ukraine (NBU) said on its website. Net purchase of currency by Ukrainians in August was $46 million, while net sale of currency by Ukrainians in July decr...

UNIAN: Kolomoisky’s companies have shares of Russian banks in Ukraine arrested through court

KyivPost

The Court of Appeal of Kyiv on Sept. 5 satisfied an appeal by a number of companies affiliated with Ihor Kolomoisky and his partners (including PJSC AeroBud, Privatoffice Ltd., Privatland Ltd., Everest Estate Ltd, Television and Radio Company Zhysa, Crimea Development Ltd, AMC Financial Capital L...

UNIAN: Remittances to Ukraine estimated at $1.2 billion in first half of 2018

KyivPost

Money transfers to Ukraine via money remittance systems in the first half of 2018 were estimated at $1.2 billion (in the equivalent currencies), while those from Ukraine totaled $140 million. “Most of the money transfers within Ukraine are carried out through money remittance systems create...