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Archive for September 4th, 2009

Ukraine paid full amount for Russia gas

Posted by the Editor on September 4, 2009


News / 4 September 2009 | 17:16

Ukraine paid full amount for Russia gas

Press office of Naftogaz Ukrainy declared that the company fully paid for the purchased Russian gas. “Payment for august has been maid in full,” spokesman for Naftogaz Valentyn Zemlyanki said.

Gazprom confirmed the payment by Ukraine for the Russia gas supplies in august in full, press office of the Gazprom informed.

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Over 80 children hospitalized with food poisoning in Crimea

Posted by the Editor on September 4, 2009


News / 4 September 2009 | 15:10

Over 80 children hospitalized with food poisoning in Crimea

(RIA Novosti) – The number of children hospitalized with food poisoning in Ukraine’s Black Sea peninsula of Crimea has risen to 83, local health authorities reported on Friday.

On Wednesday, 59 children from the city of Dzhankoy were hospitalized with suspected food poisoning. A hospital spokesperson said that the three nurseries the children attended all received food from the same supplier.

Ukrainian President Viktor Yushchenko has ordered an “immediate investigation” into the incident.

In July, 38 children were hospitalized with food poisoning after attending summer camps in eastern Ukraine.

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NBU downs basic refinancing rate

Posted by the Editor on September 4, 2009


News / 4 September 2009 | 13:54

NBU downs basic refinancing rate


The National Bank downed the basic refinancing rate by 1 pp to 16% annual, the NBU statement reads, Ukrainian radio reported.

“The interest rate corresponding to trends taking place on the money and credit market makes up 16% annual”, the statement reads. This rate will be used as the basic rate in operations on refinancing the banks. As it was reported, in July, the National Bank stated that considers the 17% annual rate as the basic rate for refinancing the banks.

The National Bank set for Thursday, September 3, 2009, the overnight rate at 15.5% annual, having preserved it in crediting under security of state bonds. On August 21, the National Bank decided to establish the rate on unsecured credits overnight at the level that is no less than the discount rate + 5 pp. The NBU downed the discount rate by 0.75 pp to 10.25% since August 12.

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President: Ukraine will never abandon the path of democracy

Posted by the Editor on September 4, 2009


News / 4 September 2009 | 12:00

President: Ukraine will never abandon the path of democracy

President Viktor Yushchenko gave interview to the German magazine Der Spiegel, presidential press office reported.

The President noted that for the last five years Ukraine has been following the path of democracy, which it will never abandon.

He said that development of our country and implementation of strategic objectives is impossible without strengthening democratic processes and establishing an effective system of governance. The basic condition for this, Yushchenko is convinced, is the constitutional reform.

“We need constitutional reform that would provide instruments to stabilize the political situation, including concerning the activities of the Ukrainian Parliament and its formation based on constitutional requirements,” said Yushchenko.

The President also answers questions about Ukrainian-Russian relations. In particular he explained conditions Russia’s Black Sea Fleet stay in Ukraine and the situation with supplies and transit of gas.

Making comments on the opposition of Russia towards Ukraine’s aspiration to join NATO  Yushchenko repeated that today the model of collective security is “the only guaranty of Ukraine’s sovereignty and territorial integrity”.

“In my opinion, for Europe it is important too that the policy of security and stability was moving further east,” said Yushchenko.

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Russia and Ukraine differ on 2010 transit gas fee

Posted by the Editor on September 4, 2009


News / 4 September 2009 | 10:32

Russia and Ukraine differ on 2010 transit gas fee

Gazprom expects Ukraine to increase gas transit fees by up to 58% in 2010, a spokesman for the Russian energy giant said on Thursday, RIA Novosti reported.

“Gazprom’s current forecast [for the gas transit fee] for next year is $2.56-$2.7 per 1,000 cubic meters per 100 km,” Sergei Kupriyanov said.

Gazprom currently pays $1.7 per 1,000 cubic meters per 100 km for Russian natural gas transit across Ukraine.

Ukrainian Prime Minister Yulia Tymoshenko said on Thursday that Kiev would raise Russian natural gas transit fees by 65-70% in 2010, depending on oil prices.

Ukraine’s national gas company Naftogaz said in financial statements on Wednesday that it expected Russian natural gas transit fees to rise 57-60% from 2010.

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