http://zik.com.ua/ Independent Information Agency http://zik.com.ua/im/logo-zik-rss.gif http://zik.com.ua/ http://zik.com.ua/en/news/2008/11/10/157449 Ukraine Central bank has announced it received the first $4.5 billion tranche of the IMF loan to stabilize Ukraine’s currency and recapitalize its banks, Central bank’s first deputy board chairman Anatolij Shapovalov said. Economy Mon, 10 Nov 2008 20:16:00 +0200 http://zik.com.ua/en/news/2008/11/04/156604 Ukraine has offered Libya to expand cooperation in the oil/gas sector, Pres Yushchenko said during his joint press conference with Pres Kaddaffi, notably to build an oil refinery in Ukraine. Economy Tue, 04 Nov 2008 21:40:00 +0200 http://zik.com.ua/en/news/2008/10/30/155932 “Total revenues from the sales of arms by Ukraine over the past 4 years have reached $2.5 bn. However, a mere $200 mn was transferred to the state coffers. VR’s ad hoc commission is set to investigate money theft,” head of the commission to investigate the sales of arms to Georgia Valery Konovaliuk told ZIK Oct. 30. Economy Thu, 30 Oct 2008 22:27:00 +0200 http://zik.com.ua/en/news/2008/10/29/155739 Ukraine’s economic situation will soon stabilize. However, the year 2009 will be critical for Ukraine, with high unemployment, growing social tensions and budgetary problems, political expert and Kyiv-based Sofia think tank director Andrij Yermolayev told ZIK Oct. 29. Economy Wed, 29 Oct 2008 18:57:00 +0200 http://zik.com.ua/en/news/2008/10/24/155108 Ukraine is on the verge of a technical default when powerful banks and companies will be forced to beg the state for assistance or go bankrupt. For Ukraine, it may result in the inability of the cabinet and Central bank to prevent bankruptcies of such entities, Kyiv-based renowned political analyst Andrij Yermolayev told ZIK Oct. 24. Economy Fri, 24 Oct 2008 20:26:00 +0300 http://zik.com.ua/en/news/2008/10/22/154759 The duration of crisis in Ukraine will depend on how long the world will be gripped by it. In the world, the crisis will stay for 2-3 years. It will be very grave and followed by reforming the world economic system, Academician and Director of the Institute of World Economy Yury Pakhomov told ZIK Oct. 22. Economy Wed, 22 Oct 2008 19:51:00 +0300 http://zik.com.ua/en/news/2008/10/22/154581 The cabinet’s reaction to economic crisis was belated. The country’s main problem lies in the fact that the cabinet cannot fight on two fronts: first, with the president who is dead set on having snap elections, and, second, that the cabinet cannot work effectively under the circumstances. That is why the best way-out for the cabinet is to set up a special council of experts to help draft cabinet’s decisions. Verkhovna Rada must not relinguish its work for a single day despite the president-declared snap elections, head of The Ukrainian Forum and Academician Volodymyr Semynozhenko told ZIK Oct. 21. Politics Wed, 22 Oct 2008 11:01:00 +0300 http://zik.com.ua/en/news/2008/10/10/153208 “In 2009, the price for the Russian natural gas will be lower than $250 per 1,000 cubic meters, VR lawmaker from BYUT told ZIK Oct. 10. President’s office wanted to scare Ukrainians, saying the price will be $400 or $500 Economy Fri, 10 Oct 2008 21:17:00 +0300 http://zik.com.ua/en/news/2008/09/10/149504 Kazakhstan’s Ambassador in Ukraine Amalgeldi Zhumabayev declared that his country is prepared to implement a number of projects in Ukraine on condition they are profitable. Kazakhstan, he said, is interested in the Odesa-Brody oil pipeline project, but neither the EU nor Ukraine has proved its profitability for Kazakhstan, the ambassador said, addressing journalists in Lviv Sept.10. Economy Wed, 10 Sep 2008 20:03:00 +0300 http://zik.com.ua/en/news/2008/07/24/144730 Deputy Minister for industrial policy V. Severniuk came to the Zakarpatpolimetaly Co. July 23 to study the situation at the mine. He met with Zakarpattya oblast Governor Oleh Havashi the same day, ZIK reports. Economy Thu, 24 Jul 2008 20:52:00 +0300 http://zik.com.ua/en/news/2008/07/23/144581 The Ukrainian cabinet has reached a compromise with Gazprom on gradual increases in its natural gas prices, starting in 2009, Premier Yulia Tymoshenko said at her cabinet session, commenting on her July 22 talks with Gazprom head O.Miller. Economy Wed, 23 Jul 2008 20:57:00 +0300 http://zik.com.ua/en/news/2008/07/23/144580 Seven investment projects prepared in cooperation with Polish and UK experts were showcased in the oblast administration July 22. The projects, costing almost $200 million, will be introduced in Kyiv July 30, with the best ones winning the funding from the cabinet or international financial institutions, Zakarpattya oblast administration head of economics department Viktor Pohorelov told ZIK July 23. Economy Wed, 23 Jul 2008 20:41:00 +0300 http://zik.com.ua/en/news/2008/07/22/144433 Businessmen in the Chernivtsi oblast do not expect either strengthening or weakening of the hryvnia against the dollar. Their next credit 50% of businessmen will take in the hryvnia or euro. They are not interested in dollar credits, Central Bank Chernivtsi branch press service release said July 22 in the wake of its survey of businessmen. Economy Tue, 22 Jul 2008 19:53:00 +0300 http://zik.com.ua/en/news/2008/07/18/144105 When the Eurocar company started car assembly in Uzhgorod, Zakarpattya back in 2002, it has manufactures 100,000 cars, with a Skoda Octavia Tour 1,8/110kw becoming a jubilee vehicle, a ZIK correspondent reports. Economy Fri, 18 Jul 2008 20:32:00 +0300 http://zik.com.ua/en/news/2008/07/18/144104 The Seventh International Economic Forum is to be held in Lviv Oct 1-3. The forum titled “Partnership to Open Possibilities” will focus on the cooperation between business and government. The forum has been initiated by the Lviv city council, oblast administration, and the Institute for European Regions (Austria), Lviv city council July 18 press service report says. Economy Fri, 18 Jul 2008 19:59:00 +0300 http://zik.com.ua/en/news/2008/07/16/143783 According to June statistics, inflation in Ukraine has been curbed by the cabinet, Premier Tymoshenko announced today. “In July we kept inflation in check, lowering it 2.5 times on June 2007.” Economy Wed, 16 Jul 2008 20:38:00 +0300 http://zik.com.ua/en/news/2008/07/03/142159 The Lviv Bus Plant is in turmoil as workers say they are ready to go on strike, workers who refused to identify themselves told ZIK reporter July 3. Wage arrears have grown to 3 months, with the total debt reaching over $600,000. If they are not paid within 2 days, workers threaten to take radical steps, notably, to bloc Lviv streets. Workers point their finger at LBP Russian owners, accusing them of sloppy management. Economy Thu, 03 Jul 2008 20:06:00 +0300 http://zik.com.ua/en/news/2008/06/20/140830 June 20, Sweden-based Komatsu Forest concern has opened its office in Ivano-Frankivsk. Komatsu Forest is a group of companies manufacturing and selling forestry and road-construction machinery. Economy Fri, 20 Jun 2008 21:07:00 +0300 http://zik.com.ua/en/news/2008/06/12/139921 Poland’s plans to build a thermal power plant working on coal run counter to the EU policy to cut CO2 emissions, European energy policy expert Mathias Rot says. Economy Thu, 12 Jun 2008 16:54:00 +0300 http://zik.com.ua/en/news/2008/06/04/138930 This is not the first threat emanating from Russia. But this one is the most ridiculous [Duma’s proposal to Russia president and government to withdraw from the treaty of friendship and cooperation with Ukraine if Kyiv goes ahead with its NATO accession plans – Ed.] No strategic treaty on cooperation can replace normal pragmatic relations. As a pragmatist, I believe that the best agreement with Russia is a strategic contract to supply gas, lawmaker and presidential adviser on energy policy Oleksa Hudyma told ZIK June 4. Economy Wed, 04 Jun 2008 17:59:00 +0300