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24.04.2008
Ukrainian Foreign Minister Volodymyr Ohryzko and Bulgaria's Prime Minister Sergei Stanishev have discussed the trade-economic and cultural-humanitarian cooperation between their two respective countries.
Ukrainian News learned this from a statement by the press service of the Ukrainian Ministry of Foreign Affairs.
Ohryzko and Stanishev met on Tuesday as part of the Ukrainian foreign minister's official visit to Bulgaria.
Ohryzko said Ukraine wanted to further step up the political dialogue with Bulgaria and voiced a hope there would be mutual visits at the top level in 2008.
Foreign Minister Ohryzko said the potential of the relations between Ukraine and Bulgaria was great in the transport sector, in the energy sector and investment. He said it was necessary to prepare a meeting of the bilateral commission for trade and economic cooperation.
 24.04.2008
The National Bank has decided to conduct a three-month experiment and accept shares of the owners who have significant participation in statutory capitals of banks as security during refinancing of financial institutions.
This is stated in NBU resolution No.105 of April 18.
By this resolution, the NBU has amended its resolution No.434 of November 14, 2006 "On the Terms and Possible Volumes of Particular Operations to Be Conducted by the NBU with the Banks."
According to the changes, during three months the NBU will be accepting shares of the bank owners in the amount of 90% of their book-sheet value as of the recent reporting date as security during bank refinancing.
21.04.2008
The Cabinet of Ministers allocated UAH 96,394,547 to the state-owned Savings Bank (Oschadbank) on April 17 for compensating Ukrainian citizens for the deposits they held in the former Soviet Union's Savings Bank before 1992, which depreciated as a result of hyperinflation.
The bank announced this in a statement.
The money is intended for transfer into depositors' accounts within the scope of the amount that has been indexed (a maximum of UAH 1,000 per depositor).
The payments to the depositors will be made in accordance with the Cabinet of Ministers resolution No. 1 of January 9, 2008.
The Cabinet of Ministers has allocated 20 tranches of money to Oschadbank in 2007 for compensating citizens for their depreciated deposits since the start of 2008.
18.04.2008
President Viktor Yuschenko is sure that world demand for solutions of Ukrainian scientists will grow.
Ukrainian News learned this from the presidential press service.
The President made this statement at a general meeting of the National Academy of Sciences of Ukraine in Kyiv.
He said that solutions and projects of Ukrainian scientists in the fuel and energy and space industries are vital and in high demand.
"I am deeply convinced that now it is time when Ukrainian science, which has traditionally had a high level of development, Ukrainian technologies are becoming popular. We have reasons to be proud of Ukrainian science and education. This is a great school," the press service quoted the President as saying.
16.04.2008
The Presidential Secretariat's head Viktor Baloha has called on the government ministers responsible for the national economy to resign because of their low professional qualification.
The presidential press service announced this in a statement.
"The ministers that have failed to cope with the negative trends, failed to propose quick, market instruments for responding should leave their posts," the press service quoted Baloha as saying.
Baloha believes that Prime Minister Yulia Tymoshenko's Cabinet of Ministers bears political responsibility for the economic problems that the country encountered in the first quarter of 2008.
14.04.2008
The State Tax Administration of Ukraine is calling on the major trade networks to abide by their early April agreement with the Cabinet of Ministers on stabilization of food prices.
Ukrainian News learned this from the tax administration press service, which quoted administration head Serhii Buriak as saying during a meeting with representatives of the major trade nets.
"The outcome of pricing policy monitoring in almost all regions of Ukraine uncovered the facts of excess of the agreed 10-percent markup on major foodstuffs. Buriak called on the audience for a joint effort to guarantee proper level of cooperation so that the memorandum would not be formal," the press release says.
Taking part in the meeting, beside the tax administration head, were also his first deputy Vadym Kaizerman, his deputy Natalia Ruban, head of the State Price Control Inspectorate Natalia Nemodruk, as well as representatives of retail trade networks (Fozzy Group, Furshet, Velyka Kyshenia, Metro Cash&Carry-Ukraine, EKO-Market, Okay, Billa).
Trade net representatives proposed drawing local trade networks and producers to participation in the memo.
 10.04.2008
Experts say that the starting price of UAH 12 billion, which was set by the Cabinet of Ministers, for 67.79% of the shares in Ukraine's major telecommunications company Ukrtelecom is understated.
"Naturally, understated. But the problem is over channels, access to common use nets. While selling Ukrtelecom in this form we are dooming the market to specific relations with a monopolist, the more so it is necessary to understand that, in principle, we have just a few serious bidders: MTS (Ukrainian Mobile Communications), Alfa Group, SCM (System Capital Management, Donetsk)," says Yaroslav Pavlovskyi, deputy director of Information Society Institute.
In the words of Internet Association of Ukraine head Tetiana Popova, Ukrtelecom has in all 18,726.248 million shares, which by April 8 were quoted in PFTS at UAH 0.9383 each, so the starting price was set according to the current quotations.
"This is not right, to my mind, as its capitalization is minimum 3.5 times more," Popova said.
She noted that evaluation of such an enterprise proceeds on the basis on several terms, including with regard for western analogs, and the real cost of the company from the viewpoint of stock market is about UAH 50 billion.
"From the viewpoint of capitalization, market share and influence on this market, Ukrtelecom's starting price should be minimum two- or three-fold higher even without channels, or it would be even more," Popova said.
09.04.2008
The Open Institute of Public Health says that the level of Ukraine's medications market transparency is rather low.
The Institute expressed this opinion in the results of a study, which were presented during a press conference at the Ukrainian News press center.
According to the findings, the problems of the Ukrainian pharmaceutical market are: the system of tender purchases, corrupt patterns in the sale of medications, non-ethical marketing of medications.
Under the study outcome, in the past six years, costs on health protection in Ukraine rose four fold, the use of medications grew three fold, and mortality rose by 2% in absolute count.
Referring to the RMBC Ukraine company, the Institute says that last year retail sales accounted for 88% of Ukraine's pharmaceutical market, and hospital sales for 12%; prescribed medications accounted for 59% and non-prescribed for 41% of the sales; innovational medications made 12%, and generic medications (produced under the developer's license) 88% of the sales.
03.04.2008
Ukraine International Airlines company intends to lease four Boeing 737-800 passenger airplanes in 2009-2010.
The company's President Yurii Miroshnykov announced this at a press conference.
"We [Ukraine International Airlines] are starting a program of fleet renovation, and next year [2009] our fleet will be renewed by two new Boeing 737-800 aircrafts, and in 2010 by another two new Boeing 737-800 aircrafts," he said.
In such a way, the company plans to receive two of the airplanes in spring 2009 and two in 2010.
The company has no intention to buy airplanes in 2008.
As Ukrainian News earlier reported, Ukraine International Airlines intends to put into operation a Boeing 737-300 cargo aircraft in May.
In 2007, Ukraine International Airlines increased transportation of passengers by 41.45%, or by 0.422 million on 2006, to 1.44 million.
02.04.2008
Shareholders of the Khersonhaz gas distribution company on March 28 dismissed Volodymyr Riashentsev as a member of the supervisory board and appointed Oleh Tsulukiani to the post.
Ukrainian News learned this from a statement by the company, the wording of which was made available to the agency.
Tsulukiani represents at the supervisory board an owner of 14.49% of the shares of Khersonhaz - Spivdruzhnist closed joint stock company (Kherson).
Riashentsev has been a member of the supervisory board since 2003. He had been the prosecutor of Kherson region.
Riashentsev owns 0.05% of the shares of the company.
The supervisory board of the company comprises nine members.
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