Ukrainian Journal

U [] KRAINIAN J OURNAL .com SATURDAY, JUNE 3, 2006 Make Homepage / Add Bookmark Front Page Nation Business Search Subscription Advertising About us Copyright Contact Username: Password: Registration Raiffeisen sells Ukrainian bank to OTP KIEV, June 1 - Raiffeisen International Bank-Holding, the largest foreign lender in the former Soviet Union, said Thursday it had agreed to sell one of its Ukrainian banks for 650 million euros to OTP of Hungary. 23:19 | More Vimpelcom withdraws $5 bln bid for Kyivstar as Telenor, Alfa talks fail KIEV, June 1 - Vimpelcom, Russia’s No. 2 cell phone company, on Thursday withdrew its $5 billion bid for Kyivstar, a Ukrainian operator, dashing hopes for an end to a war between Russian and Norwegian shareholders. 23:18 | More More U.S. troops airlifted to Crimea to prepare for NATO exercise KIEV, June 1 - More U.S. troops were airlifted to Crimea on Thursday to prepare for a joint NATO-Ukrainian military exercise that had been tentatively scheduled for the next month, an official said. 23:18 | More Ukraine's Viktoriya Kutuzova returns the ball while playing a second round match against Russia's Elena Dementieva during the French Open tennis tournament at the Roland Garros stadium in Paris on Friday. (AP Photo) EADS in talks with Ukraine over An-70 after facing problems with A400 MOSCOW, June 1 – European Aeronautic Defense and Space Co, or EADS, the world’s second-largest aerospace company, has been seeking cooperation with Ukrainian developers of the An-70 aircraft, an industry executive said Thursday. 00:07 | More IN FOCUS Putin defends Russia’s use of energy as key tool to promote interests SOCHI, May 25 – Russian President Vladimir Putin, defying U.S. criticism, on Thursday defended an option of using Russia’s position of dominant energy supplier as a tool for promoting the country’s policy agenda. 23:45 | More Govt OKs gas price hike for households KIEV, May 31 – The Ukrainian government on Wednesday approved in principle an almost 73% hike on price of natural gas supplied to households in a move to save the country’s key energy company from bankruptcy. 00:06 | More COMMENT AND ANALYSIS TA pays off: Government issues first proper White Paper For the first time, the Government of Ukraine has published a White Paper after serious research and discussions with stakeholders. Major reform like fiscal decentralization needs a comprehensive approach. This is the main idea behind “Fiscal Decentralization in the Context of Local Government Reform,” a White Paper published in May 2006. More Responding to globalization: Neck or nothing Globalization processes are causing adjustments in the development of countries around the world. The capacity of a society to quickly react to change and its ability to generate change determine that country’s place in the modern world. Passivity in the face of globalization, uncertainty and indecision among its political elite could deprive Ukraine, once and for all, of the chance to find itself a respectable place in the pantheon of nations. More The 2006 Coalition: How not to step on the rake In an article for the Kyiv-based weekly “Korrespondent,” ICPS Director Vira Nanivska outlines the four principles for building a parliamentary coalition. These principles, based on the experience of EU countries, include placing the issue of government posts at the end, focusing on discussing a common program and resolving controversial issues More ICPS updates its economic outlook for 2006–2008 Over 2006–2008, domestic demand will be the main growth factor for Ukraine’s economy. Rising energy prices, a less favorable external situation and worsening relations with Russia will all conspire to hamper the growth of the export share of GDP. Ukraine’s economy will grow more quickly than in 2005, but the overall pace will remain relatively slow. Over 2006–2008, GDP will grow 3.8%, 4.5% and 4.6%. More Nation EBRD revises upwards Ukraine economic growth forecast after PM’s bet More U.S. troops airlifted to Crimea to prepare for NATO exercise Govt OKs gas price hike for households Communists warn may block session unless pro-NATO ministers step down Pro-Russian groups stage NATO protests Russian aide says lower gas prices possible if Ukraine changes policy Transition of Soviet countries to market a failure, economist says Ukrainian government calls for approval of 17 laws to join WTO Yushchenko OKs Plakida as new Crimean PM Ukraine may start gas talks with Russia within two weeks, minister says Business EADS in talks with Ukraine over An-70 after facing problems with A400 S&P: Ukraine’s banking system riskier than in Russia, Kazakhstan Ukraine’s cell phone users seen growing by 15 mln within three years Raiffeisen sells Ukrainian bank to OTP Vimpelcom withdraws $5 bln bid for Kyivstar as Telenor, Alfa talks fail Naftogaz said to owe $605 mln, not $400 mln, to RosUkrEnergo for gas Ukraine may need $150 mln to finish An-70 plane, Russian aide says EnergoAtom seeks $125 mln from EBRD, Euroatom for nuclear safety Fomalgaut builds 2.5 mln euro construction mix plant in Donetsk Telenor asks Vimpelcom to extend talks on Kyivstar acquisition Currencies (in hryvnias) 02.06.2006 prev USD 5.05000 5.05000 RUR 0.18671 0.18748 EUR 6.43168 6.49834 Stock Market 01.06.2006 prev PFTS 405.97 405.67 source: PFTS OTHER NEWS Prez appoints Kunitsyn as head of Sevastopol city administration Ukraine, Taiwan make progress in talks over WTO agreement Ericsson to deliver 3G mobile phone network for UkrTelecom by July 1 EBRD hires more staff in Ukraine, opens new office as operations grow Ukraine, Syria to hold talks on cooperation June 7 in Damascus Front Page • Nation • Business • Editorial • Feature • Subscription • Advertising • Search • About us • Copyright • Contact • Copyright 2005 Ukrainian Journal. 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