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News
Ukraine Calls For Creation Of Single European Energy Market
25.06.2008
Ukraine has called for creation of a single European energy market. The presidential press service announced this in a statement. "Ukraine is proceeding from the fact that such challenges as energy challenges can be overcome not in a bilateral format, but via a single, joint European policy," President Viktor Yuschenko said in Lisbon (Portugal) on Monday during an official visit. Yuschenko said that Ukraine would do everything it could to support collective measures aimed at creating a single market of natural gas and electricity. Yuschenko stressed Ukraine's unique transit potential and said that Ukraine is presently holding talks with the European Union on modernization of Ukraine's gas transport system. Yuschenko noted that Ukraine recently signed a memorandum on linking its national energy system to the European Union energy system.


25.06.2008
The Agricultural Policy Ministry hopes that the Agrarian Fund will begin purchasing grain crops harvested in 2008 from July. Agricultural Policy Minister Yurii Melnik has announced this at a press conference. "From July 1 the Agrarian Fund starts working at the agrarian exchange. I think, this is even a bit early," he said. Yu. Melnik explains his opinion with that harvesting of wheat will be launched after first ten days of July. The minister noted, the Agrarian Fund now has UAH 150 million to make purchases and this must be enough for six weeks of operation: the minister expects the parliament will pass amendments to the state budget for this period so the Agrarian Fund's expenses extended to UAH 1 billion. As Ukrainian News earlier reported, the State Material Reserves Committee decided to hold the first tender for purchasing 200,000 tons of grain harvested in 2008 on July 16.


17.06.2008
In May, real gross domestic product rose by 7.2%, compared to May 2007, to UAH 81.508 million. This was disclosed by the State Statistics Committee. In January-May GDP rose by 6.4%, compared to January-May 2007, to UAH 348.083 million. In January-May the major GDP growth was due in trading, it amounted to 15.8%, in refining industry by 9.5% and in transport by 7.9%. As Ukrainian News earlier reported, in April, real gross domestic product rose by 6.7%, compared to April 2007, to UAH 76,807 million. In January-April GDP rose by 6.2%, compared to January-April 2007, to UAH 266,575 million.


11.06.2008
President Viktor Yuschenko is insisting on introduction of private ownership of agricultural lands. He announced this when opening the XX International Exhibition AGRO-2008. "Private ownership of land must be a golden rule for farmers and politicians should do everything in order to this right be sacred, respected, and protected," he said. The president stressed, all the talk about Ukraine not ready to run the land market bring forth colossal corruption at this market.


10.06.2008
The Cabinet of Ministers has allowed coal enterprises to repay the interest-free loans they obtained from the government in installments until the year 2009. This is stated in the Cabinet of Ministers resolution No. 507 of June 4. This Cabinet of Ministers resolution made the relevant amendments to the Cabinet of Ministers resolution No. 698 of May 19, 2006, that defined the mechanism for repaying the government loans that were provided to coal enterprises (excluding coal mining enterprises) in 2005. The government loans were provided to enable coal enterprises to pay their wage debts.


09.06.2008
Vanco Prykerchenska Ltd (Virgin Islands) refutes Ukrainian Premier Yulia Tymoshenko's statement about the engagement of Cabinet officials in company's activity, a Vanco Prykerchenska Board member Maksym Tymchenko told a press conference. "None of the officials of either former or current Cabinet of Ministers, or their relatives, are company's shareholders. This is an official statement in response to the questions about corruption", he said. Negotiations between the Cabinet of Ministers on arbitration against Ukraine have not started yet, Vanco Prykerchenska Board of Directors Chairman Gene Van Dyke declared. At the same time, he noted that the company was holding a dialogue with the government about the conflict with the Black Sea shelf exploration. "The matter concerns the dialogue rather than negotiations. We want to explain our stance and answer all the questions", he said. On June 5, company representatives met with Raisa Bohatyreva, Secretary of the National Security and Defense Council of Ukraine. On Friday, June 6, the Interdepartmental Commission formed by President Viktor Yuschenko was to discuss the settlement of conflict with Vanco International, Gene Van Dyke said. In his turn, Tymchenko, a project investors' representative at the press-conference, stressed on the lack of issues to be negotiated between Vanco Prykerchenska and the government.


06.06.2008
Verkhovna Rada Chairman Arsenii Yatseniuk forecasts that inflation will exceed 16% and the GDP will grow by 6-7% in 2008. He announced this at the fifth Ukrainian investment forum entitled "Ukraine-2008: reality and prospects" organized by Alfa Bank. "Inflation will be high for sure. I expect it to soar the last year's level... The GDP will grow by 6-7%," he said. Yatseniuk said that major factor provoking inflation growth is increase of prices for energy carries and foodstuffs. In summer, inflation will slow down and be about 1%, the speaker said. Yatseniuk also said that inflation may be scotched via reduction of budget social expenses and also increase of commodity supply. As Ukrainian News earlier reported, in April, inflation made up 3.1% and 13.1% in January-April 2008. In 2007, inflation made up 16.6%, 11.6% in 2006 and 10.3% in 2005.



News of Company

24.10.2007
Pro-Consulting Group became IPO the partner of the Warsaw exchange stock.


03.08.2006
Long-Term Credit Programs. Term: 7-10 years. Value of credit: 7.5-9% annually.


01.06.2006
Project Crediting Seminar at Aval Bank.



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