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Odesa customs continues to undervalue cargo

Odesa customs continues to undervalue cargo

Despite all attempts by Odesa Oblast Governor Mikheil Saakashvili to bring order to the customs service, cargo continues to enter Ukraine without proper customs clearance and payment of the actual volume of taxes and duties.

Baloga claims increase in smuggling in Zakarpattia

Baloga claims increase in smuggling in Zakarpattia

Prominent politician Viktor Baloga stated that the flow of smuggling in Zakarpattia has increased following the change of power. According to him, authorities catch petty smugglers while stubbornly overlooking entire containers of elite goods crossing the…

Iran wants to invest in Ukraine's agro-industrial complex

Iran wants to invest in Ukraine's agro-industrial complex

According to the Ukrainian Chamber of Commerce and Industry, Iranian businessmen have expressed a desire to invest tens, or possibly hundreds, of millions of dollars in the development of our country's agro-industrial complex and logistics.

Saakashvili promises 15-minute customs clearance for goods

Saakashvili promises 15-minute customs clearance for goods

Former Georgian President and Odesa Governor Mikheil Saakashvili has reached the customs office. It is no secret that the port of Chornomorsk is one of the most corrupt in Ukraine. Business owners have repeatedly stated that they are ready to pay all customs…

Poroshenko backs de-monopolisation of air transport

Poroshenko backs de-monopolisation of air transport

Ukrainian President Petro Poroshenko has publicly called for the de-monopolisation of air transport. He made the statement at today's National Security and Defence Council meeting. "At the NSDC meeting, I emphasised the need to de-monopolise the air transport…

Ukrnafta chief selected. A foreigner

Ukrnafta chief selected. A foreigner

A committee meeting was held today, resulting in the selection of a new head for the Ukrnafta company. This was announced by Ukraine's Minister of Economic Development and Trade, Aivaras Abromavichus. He clarified that the new head is once again a…

Privatbank sues Russia over Crimea

Privatbank sues Russia over Crimea

Privatbank has decided to defend its interests in arbitration regarding the loss of investments in occupied Crimea. According to the Ukrainian credit organisation's press secretary, Oleksandr Serhi, the arbitral tribunal has already been formed and the…

Search underway at UniCredit Bank

Search underway at UniCredit Bank

The Security Service of Ukraine is conducting a search at UniCredit Bank premises, which, according to the investigation, was used to launder money and fund separatism and terrorism. The search warrant was issued by the Pechersk District Court of Kyiv.

Court rejects Ukrnafta's lawsuit

Court rejects Ukrnafta's lawsuit

A court hearing was held today regarding Ukrnafta's lawsuit against the Auction Committee over what the company considers an improper barrelisation coefficient used to calculate the starting price of Ukrainian oil

Extortionist police officers detained in Chernihiv region

Extortionist police officers detained in Chernihiv region

Two police officers were detained by the Security Service of Ukraine in Chernihiv region for extorting 30,000 hryvnia from a local entrepreneur. The sum was a monthly fee for "protection". The officers were caught red-handed while receiving the bribe.

Russia refuses to restructure Ukraine's debt

Russia refuses to restructure Ukraine's debt

As expected, the Russian Federation has refused to restructure Ukraine's debt. This was stated in an interview by Deputy Finance Minister of the Russian Federation Sergey Storchak. Moreover, Russia expects Ukraine to make another payment on loans issued under…