Business news from Ukraine

Business news from Ukraine

PRIME MINISTER OF UKRAINE SAYS 1,400 ILLEGAL FUEL STATIONS HALT OPERATION

Prime Minister of Ukraine Oleksiy Honcharuk has reported that 1,399 illegal fuel stations have halted their operation, as a part of campaign on combating illegal patrol market. “In total, State Fiscal Service, National Police and Security Service of Ukraine carried 2,200 inspections. Information about 1,399 illegal fuel stations has been verified: 377 halted its operation, 316 were demounted or are absent according their location area, 243 were demounted for the reporting period, 463 registered license,” he wrote on Telegram on Friday.
According to the premier, 4,000 tonnes of fuel and lubricants worth UAH 93.4 million have been withdrawn, and equipment worth UAH 94.2 million has been withdrawn as well.
Previously Honcharuk charged the State Fiscal Service and law enforcement agencies with settlement of illegal fuel circulation by January 9, 2020.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 11/01/20

National bank of Ukraine’s official rates as of 11/01/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 11

Official rates of banking metals from national bank as of January 11

One troy ounce=31.10 grams

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IRANIAN PRESIDENT OFFERS CONDOLENCES, DEEPLY REGRETS DISASTROUS MISTAKE

Iranian President Hassan Rouhani has called the crash of the Ukrainian plane “a great tragedy” and “an unforgivable mistake.” “My thoughts and prayers go to all the mourning families. I offer my sincerest condolences,” he wrote on Twitter.
“Armed Forces’ internal investigation has concluded that regrettably missiles fired due to human error caused the horrific crash of the Ukrainian plane & death of 176 innocent people,” Iranian president said.

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IRANIAN EXPERT DENIES VERSION THAT UKRAINIAN PLANE WAS HIT BY IRANIAN MISSILE

Head of the Iranian Civil Aviation Organization Ali Abedzadeh called scientifically untenable the version of Western countries that the Ukrainian passenger plane crashed near Tehran this week was shot down by an Iranian missile. According to Press TV, he said this version as “illogical rumors.”
“So far what I can tell you is that the plane has not been hit by a missile, and we have to look for the cause of the fire,” he said.
He added what could be said was that the plane had not been hit by a missile and was likely on fire before it crashed.

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NATIONAL BANK OF UKRAINE COULD REDUCE REFINANCING RATE TO 8% PER ANNUM

The refinancing rate could be reduced to 8% per annum faster than the central bank previously forecasted if a favorable macroeconomic situation is retained, Governor of the National Bank of Ukraine (NBU) Yakiv Smolii has stated. “This year, if the macroeconomic situation does not change dramatically, the refinancing rate could be 8%. We previously planned to lower it to such a level in 2021. But now we see prerequisites for the more rapid easing of monetary policy,” Smolii said in an interview on YouTube channel KRYM.
According to him, this year businesses could expect loan rates at the level of 10-12% per annum in hryvnias.
As reported, from December 13, 2019 the NBU lowered the refinancing rate to 13.5% per annum from 15.5% per annum.

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