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05.06.2008
Parliament Speaker Arsenii Yatseniuk has announced that the parliament is ready to assist the Cabinet of Ministers in implementation of the anti-inflation policy.
He announced this speaking to Finance Minister Viktor Pynzenyk.
"We are ready to give our shoulder to Ukraine because this is not the problem of politicians, not personalities, but a national problem," Yatseniuk said.
 05.06.2008
Prime Minister Yulia Tymoshenko has instructed the Finance Ministry to start work on the budget resolution for 2009.
Tymoshenko announced this in her opening word at a meeting of the Cabinet of Ministers.
"[Simultaneously with the work on amendments to the 2008 national budget] we will start to draw up the budget resolution for 2009," Tymoshenko said.
She added that the Finance Ministry should be guided in the work on the budget resolution by a number of new budget priorities - the formation of expenses on the ground of budget programs and reforming of the relations between budgets.
03.06.2008
The State Committee for Land Resources advocates lifting of restrictions on the sale of non-farmland to foreign investors.
Chairman Volodymyr Voevodin gave the position of the state committee in an interview with the Biznes weekly.
"We are planning to introduce amendments to article 82 of the Land Code. The amendments, for example, extend a circle of persons allowed to purchase land plots," he said.
He specified that land plots would be allocated not only for business activities.
He said foreign investors would need no consent from the Cabinet of Ministers to take part in land auctions, if the amendments to article 82 are introduced.
 03.06.2008
The World Bank has recommended that Ukraine strengthen the independence of the National Bank of Ukraine.
Martin Raiser, a senior economic advisor at the World Bank's office for Ukraine, Belarus, and Moldova, announced this in an interview with the Dzerkalo Tyzhnia newspaper.
"Under no circumstances should Ukraine make the mistake of attempting to reduce the independence of the central bank," Raiser said.
Raiser was expressing the position of the World Bank regarding the legislative initiative aimed at subordinating the National Bank of Ukraine to the Cabinet of Ministers in the area of currency policies.
"That would be an erroneous and extremely harmful decision that would send a negative signal to investors and the entire world," Raiser said.
According to him, currency policies should be implemented exclusively by independent central banks that are not subject to political influences.
To back up his position, Raiser cited the experiences of the world's most successful economies with stable currencies.
22.05.2008
The Ukrtransnafta oil transport company is ready to transport 1.8 million tons of Iraqi crude oil to the Ukrtatnafta company (the Kremenchuk petroleum refinery, Poltava region) via Transdniestrian mainline pipelines (in the reverse Odesa-Kremenchuk direction).
Ukrtransnafta's Board Chairman Ihor Kiriushin announced this at the international energy forum that is taking place in Kyiv.
"We have conducted settlements with the Kremenchuk petroleum refinery. This is quite a loss-making operation, but we are prepared to deliver up to 1.8 million tons as of today. We cannot deliver more," he said.
Iraqi crude oil is presently delivered to the Pivdennyi port (Odesa region) by tankers, from where it is transported by rail.
The Transdniestrian pipelines presently operate in the Kremenchuk-Odesa direction.
20.05.2008
The directorate of the Dniprooblenerho regional power distribution company has said that seizure of the company by force is possible.
Dniprooblenerho Director General Eduard Sokolovskyi announced this at a press conference in the Ukrainian News press center.
"We are sure that a raid attack scheme is being applied at our company and we think that its seizure by force is possible. I do not rule out a forced seizure even today or tomorrow," Sokolovskyi said.
Dniprooblenerho is demonstrating a stable production growth these days, he added.
"For the first time ever the company meets production targets. Everything is normal at our company except for one thing, our success," the director general added.
Sokolovskyi is surprised at the position of the national joint-stock Energy Company of Ukraine who recognized the April 30 shareholders meeting as valid.
He added that the company is making preparations for a meeting of shareholders, slated for June 30.
"Transfer of the register [from the previous registrar, Ukrnaftohaz financial company] to the entity we have concluded an agreement with, I mean Prominvestbank, will guarantee the legitimacy of this meeting," Sokolovskyi commented.
07.05.2008
The Foreign Ministry of Ukraine delivered a note of protest to the Foreign Ministry of the Russian Federation concerning the activities of the Russian Black Sea Fleet, which tested new missiles at the territory of Ukraine without informing the Ukrainian side about that.
Ukrainian Foreign Ministry’s spokesman Vassyl Kyrylych disclosed this to UNIAN.
The note was given to minister-counsellor of the Russian Embassy to Ukraine Vsevolod Loskutov.
According to V.Kyrylych, RF Black Sea Fleet representatives provided documents, confirming that the missile is a property of a RF Black Sea Fleet unit. The missile testing at the Ukrainian territory was not agreed with Ukraine, the Ukrainian Foreign Ministry’s spokesman stressed. Therefore, the agreement on stationing the Black Sea Fleet in Ukraine had been violated, the diplomat specified.
06.05.2008
Ukraine favors participation of companies of the Untied Arab Emirates in projects with the preparations for the Euro 2012 European football championship finals.
Ukrainian News learned this from the Ukrainian presidential press service.
On April 30, Oksana Sliusarenko, a deputy head of the Secretariat of President Viktor Yuschenko, met in Abu Dhabi with UAE Minister of Foreign Trade Lubna al-Qasimi, who is a co-chairman of the Ukraine-UAE intergovernmental commission for trade and economic cooperation.
The meeting addressed the topic of Ukraine's investment opportunities and the prospects for the participation of companies of the UAE in projects related to the preparations for the Euro 2012 European football championship finals.
Sliusarenko gave the minister Ukraine's national program of preparations for the football championship and outlined main infrastructure projects.
06.05.2008
Economic Court of Odesa region has suspended privatization of the Odesa portside factory, Odesa region, until ecological audit is performed.
Reporters learned this on May 5 from Odesa municipal council deputy Oleksandr Honcharenko, who heads the public organization Zelionka (Brilliant Green) and who filed a corresponding claim to the court.
Honcharenko specified, the court ruled to stop any actions of privatizing the factory until holding mandatory ecological audit.
"I filed a claim against the Odesa portside factory in order to oblige the plant and the State Property Fund of Ukraine to perform mandatory ecological audit of the OJSC Odesa Portside Factory before it privatized, as demands the Ukrainian Law On Ecological Audit and the Ukrainian Law On Privatization Of State Property," said Honcharenko.
In his words, the first hearing in the case was held on May 5, the defendant's representative did not attend it, so the court decided to hold the next sitting on May 16.
25.04.2008
President Viktor Yuschenko has called on businesses to invest in the Ukrainian agricultural industry.
The presidential press service announced this in a statement.
"The terms and peculiarities of the market have created such a circumstance in which the production sector is super-interesting," Yuschenko said at the opening of the fourth annual international conference entitled "Against the Trend."
Yuschenko noted the huge potential of Ukraine as a producer of agricultural goods and said that the trends on the world agricultural market largely facilitated development of the Ukrainian agricultural sector.
"It is a huge renaissance for Ukrainian agriculture. It only remains to bring the correct rules of the game," Yuschenko said.
He described the reduction of the government's participation on the agricultural market as a positive trend.
At the same time, he criticized the Cabinet of Ministers' restrictions on export of agricultural crops.
"Attempts to manage domestic prices through closure of the external market is an erroneous policy," he said.
In general, Yuschenko described the Ukrainian economy as attractive to investors.
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