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  • Kyiv Post: Kryukiv trains break Hyundai's monopoly on Ukrainian rapid transportation market

    Volodymyr Pryhodko, chief executive officer for Kremenchuk-based Kryukiv Railcar, should be in the mood for some champagne since his company sold two Tarpan passenger rapid trains to Ukrzaliznytsya, state-owned railway operating monopoly. Kryukiv Railcar received Hr 400 million for two trains, which is a substantial input into company's income statement since its last year net earnings stood at Hr 339 million, more than two times down from 2012...

  • The Christian Science Monitor: Ukraine-Russia gas talks stall. Why they won't fail

    Gas talks between Russia and Ukraine threaten to fall apart as European officials fail to broker an agreement between the two over a longstanding gas price dispute. Ultimately, Russia and Europe have too much to lose to let them fail.   Gas talks between Russia and Ukraine reached an apparent standstill Wednesday after a week of progress toward resolving an ongoing price dispute...

  • Kyiv Post: Ukraine pays partial gas debt to Russia, talks continue under EU mediation

    Ukraine's state-owned gas monopoly Naftogaz settled its first quarter natural gas debt with Russia's Gazprom, but is contesting last year's gas price as well as the price for April-May.  Russian state-owned gas export monopoly Gazprom confirmed on June 2 that it had received $786 million from Ukraine to settle a gas debt for the first quarter of 2013 priced at $269 per thousand cubic meters...

  • Ukraine Business: Monetary base increases 3.0% mom in April

    Analyst: “…according to monetary policy principles the NBU should be committed to keeping monetary growth below 21% YTD in 2014. That means that starting in May the average monthly monetary growth should not exceed 1% mom. Against this backdrop we are keeping our monetary base projection at 19.8% for 2014...

  • Fixygen: EU, Russia agree on May 26 trilateral meeting with Ukraine on gas issue

    The EU Energy Commissioner Günther Oettinger met his Russian counterpart, Energy minister Aleksandr Novak, on May 19, the Commissioner’s press service reported. They discussed the security of gas transit from Russia via Ukraine to the EU. Oettinger called it a “constructive meeting that helped to prepare the ground for the second trilateral meeting between the EU, Russia and Ukraine” (the first meeting, held on May 2, was fruitless)...

  • Ukraine Business: Mariupol industrial forces claim privately-managed interim peace settlement

    Analyst: “In their attempts to secure stability in Mariupol, Metinvest top-managers are ready to deal even with supporters of terrorists, but they do not want to see Ukrainian army here. While this move looks more than strange, we do not see any possible legal consequences of Metinvest’s dealing with fans of suspects in terrorism.” News and commentary from Ukraine News Online MARIUPOL, May 16, 2014 (UBO) – While some of the principals might take umbrage at having the situation described as an oligarch-managed solution, that seems to be exactly what is happening in at least a part of Donetsk oblast, the port city of Mariupol, where Ukraine’s leading steel holding Metinvest (METINV) reported on May 15 that top managers of its Mariupol-based companies, Azovstal (AZST UK) and Ilyich Steel (MMKI UK) have signed a memorandum assuring public security in the city of Mariupol...

  • Fixygen: Naftogaz ready to clear its debt to Gazprom until end-May, in exchange for cheap gas

    Ukraine’s monopoly gas importer Naftogaz (NAFTO) has offered to solve all issues of gas pricing and payables with Gazprom, Ukraine’s Deputy Energy Minister Ihor Didenko informed journalists on May 15, according to Interfax. He explained that there are no grounds for Gazprom to demand a USD 485.5/tcm price for its gas for 2Q14 and he insists that the price should be USD 268.5/tcm, as it was in 1Q14...