Ukraine’s government will ask parliament to meet Feb. 23 — 27 to discuss budget changes «vital» for the successful completion of talks with the International Monetary Fund, Interfax news agency quoted a deputy prime minister as saying on Monday. An IMF team is in Kiev for talks with Ukrainian

A move by Ukraine’s central bank to ditch an unofficial peg for the hryvnia has plunged the foreign exchange market into confusion, with buyers of hard currency putting off purchases and sellers holding out for higher levels. The hryvnia lost 30 percent against the dollar to trade at 24-25 on

Ukraine will be able to import around 40 million cubic metres (mcm) per day of gas from the European Union because of improved reverse flow capacity from Saturday, compared with 31.5 mcm now, European energy chief Maros Sefcovic said in a statement. The European Commission, the EU executive, has

EU finance ministers will discuss offering additional money to help save Ukraine from bankruptcy, potentially increasing its original plan to as much as $2.8 billion. Ukraine, fighting a costly war against pro-Russian separatists, is relying on a lifeline from the International Monetary Fund

A Ukrainian central bank official said on Tuesday he felt optimistic about the outcome of negotiations with the International Monetary Fund in Kiev which Ukraine hopes will lead to further financial aid. Ukraine, whose economy has been pushed close to bankruptcy by a pro-Russian separatist war in

Ukraine’s parliament gave preliminary approval on Thursday to a law that would simplify tax legislation and impose additional duties on imports, in an effort to raise revenue amid economic crisis. Ukraine’s foreign currency reserves have more than halved since the start of the year to a 10-year

Ukraine’s Finance Ministry submitted on Tuesday a 2015 draft budget to parliament that envisaged the economy contracting 4.3 percent next year, slightly less than an earlier forecast. Finance Minister Natalia Yaresko said 30 percent of next year’s budget would be spent on defence and servicing the

Ukrainian state energy firm Naftogaz said on Tuesday it had transferred $1.65 billion to Russia’s Gazprom — the second tranche of a debt repayment agreed under a deal that saw Moscow resume gas supplies to Ukraine earlier this month. In November, Moscow, Kiev and the European Union reached a deal

Ukraine reduced its bullion holdings for a second straight month, according to International Monetary Fund data released on Tuesday. Ukraine — locked in a conflict with pro-Russian separatists since early this year — has been selling gold from its reserves. Ukraine is near bankruptcy, dependent on

Ukrainian iron ore miner Ferrexpo has cut its December production outlook due to lower power supplies and will reduce spot sales to give priority to long-term contracts if the situation continues in the first quarter of 2015. The group, majority owned by Ukrainian billionaire Kostyantin Zhevago,

Ukraine, mired in a power crisis due to a thermal coal shortage, will allow all companies to import electricity, Prime Minister Arseniy Yatseniuk said on Friday as he urged consumers to save energy. Ukraine used to be self-sufficient in coal, but months of fighting has halted production at more

The European Bank for Reconstruction and Development (EBRD) increased its investment in Ukraine to 1 billion euros ($1.2 billon) this year, its president, Suma Chakrabarti, said on Monday. Kiev is locked in a conflict with pro-Russian rebels in its eastern regions and accuses Russia of military

Ukraine’s central bank chief said on Thursday that the economy, hit by a separatist war in the east which has affected production of steel and other vital exports, was expected to shrink by 4.3 percent next year. «This year, according to our forecasts, gross domestic product will be minus 7.5

The scale of further European Union financial aid to Ukraine will depend on the government’s ability to push through promised reforms, the EU envoy said on Thursday, as the central bank forecast the war-torn economy shrinking 4.3 percent in 2015. International lenders, together with the European