Gas pumping from Ukraine’s underground gas storage facilities this heating season is 3.27 billion cubic meters, down by 19% YoY (4.07 billion cubic meters), the press service of Naftogaz Ukrainy has reported. “Gas pumping from underground gas storage facilities this winter is 19% less than last winter (and 45% less than in 2014/2015 season). This…
Holders of eurobonds of the nationalized PrivatBank (Dnipro) seek to challenge the forced exchange of their securities to the additionally issued shares in the London Court of International Arbitration (LCIA). Dechert law firm acts as advisor to the bondholders. The holders of the bonds, including First Geneva Capital Partners, Pala Assets and Pioneer Investment Management,…
The National Anti-Corruption Bureau of Ukraine (NABU) is investigating into crimes committed by some banks that removed refinancing loans abroad, NABU Director Artem Sytnyk has said. “We have a criminal case concerning some banks that removed the refinancing funds abroad, including via Austrian banks and eventually to offshore companies”, he said. He did not disclose…
In January-December 2016 seaports of Ukraine handled 131.998 million tons of cargo (-8.9%), says press center of Ukrainian Sea Ports Authority. Transshipment of export cargo totaled 100.395 million tons (- 3.3%), imports – 16.013 million tons (- 10.8%), transit – 10.370 million tons (-34.8%), inland traffic – 5.220 million tons (- 23.7%). State stevedores under…
Production of milk and cream for baby food increased by 52% YoY during the first 11 months of 2016. The increase was reasoned by the promotion of baby food production and development of the draft law on baby food. This is reported by the press service of the Agrarian Policy and Food Ministry of Ukraine.…
Industrial prices in Ukraine in 2016 increased by 35.7%, while in 2015 by 25.4%, in 2014 by 31.7%, the State Statistics Service has said. According to its data, in December last year the increase in industrial prices accelerated to 3.2% from 2.2% in November, mainly due to the higher cost of goods in such industries…
Gas stocks in Ukraine’s underground storage facilities have declined by 22.2% or 3.272 billion cubic meters to 11.460 billion cubic meters since October 13, 2016 when the current heating season began, through January 8. Ukraine withdrew 86.33 million cubic meters from underground storage on January 8, and a total of 533.38 million cubic meters in…