Make it your homepage |   E-mail: Subscribe Unsubscribe


Sunday, April 20, 2014
News Making Money

EU-Ukraine in "defining" summit after months of friction

25/02/2013 01:02 (419 Day 04:36 minutes ago)

The FINANCIAL -- Ukraine President Viktor Yanukovych flies in to Brussels for a summit Monday seen as "a defining moment" in a long-delayed bid to seal a political and trade pact with the EU anchoring the ex-Soviet state closer to the West.

ADVERTISEMENT

 

"This summit takes place at an important moment in our relations," said European Union president Herman Van Rompuy. "There is now a historic opportunity to make a breakthrough in EU-Ukraine relations."

An EU statement said the summit "takes place at a defining moment."

At stake for both sides are hopes of signing a political pact -- an Association Agreement -- as early as November, coupled with a free trade deal, despite months of bitter rowing over rights, in particular the jailing of opposition leader and ex premier Yulia Tymoshenko and several of her former ministers.

As EUbusiness said, Kiev 's prosecution and incarceration of the 2004 Orange Revolution icon on abuse of power charges has caused a major deterioration in ties with the West, with Yanukovych accused of abusing the courts to eliminate his chief political foe.

Yanukovych says European integration remains a priority for Ukraine , but has complained that Kiev "has received no support, even no sympathy" from the EU amid gas rows with Russia in recent years.

The Association Agreement, which includes provisions for a wide free trade deal, was initialled in March last year despite the tensions and could be signed at a summit in Vilnius in November between the EU and ex-Soviet states of Eastern Europe.

But in December, the 27-nation bloc set out conditions for signing the agreement, including judicial reforms and an end to what the bloc calls "selective justice" against the political opposition.

Last week, Ukraine 's ambassador to the EU Kostiantyn Yelisieiev said the country did not want to sign up to a putative customs union trading bloc with Russia and one-time Soviet allies but instead "we want to go to the West."

But it is not clear whether that is the position of most Ukrainian s.

 

 

Make Your Comment

Add NewSearchRSS
Only registered users and facebook social network members can write comments!

This text is replaced by the Flash movie.
This text is replaced by the Flash movie.
Politics
Parliament issues strong call for EU lobby transparency register to become mandatory

16/04/2014 16:53 (3 Day 12:45 minutes ago)

The FINANCIAL -- The report approved by MEPs gives an important signal to the European Commission that a far more ambitious approach is needed to secure genuine lobby transparency in the EU, according to EUbusiness Ltd.

Read more...
TRAVEL BIZ
American Express Reports First Quarter EPS of $1.33, Up 16 Percent from a Year Ago

19/04/2014 14:24 (15:14 minutes ago)

The FINANCIAL -- American Express Company reported first-quarter net income of $1.4 billion, up from $1.3 billion a year ago. Diluted earnings per share rose 16 percent to $1.33, from $1.15 a year ago, according to the American Express Company.

Read more...



World News
Helping Bulgarian farmers to become landowners

19/04/2014 11:39 (17:59 minutes ago)

The FINANCIAL -- The EBRD is providing a €5 million to loan to Elana Agrocredit AD to co-finance the development of Bulgaria’s agricultural land market.

The World Bank Supports Small and Medium-sized Businesses in Tunisia

19/04/2014 10:29 (19:09 minutes ago)

The FINANCIAL -- The World Bank approved an additional loan for US$100 million for Micro, Small and Medium Enterprises (MSMEs) in Tunisia.

EBRD loans to boost energy efficiency and support competitiveness of Macedonian companies

16/04/2014 16:42 (3 Day 12:56 minutes ago)

The FINANCIAL -- The EBRD has teamed up with Macedonian bank, NLB Tutunska banka, to increase the competitiveness of the Macedonian private sector and to promote energy efficiency in the country with a €6 million financing package, according to EBRD.      

EBRD helps modernise Baltic freight handling

16/04/2014 16:29 (3 Day 13:09 minutes ago)

The FINANCIAL -- A €32.5 million loan from the EBRD to Klaipedos Smelte, the company operating the container terminal at Klaipeda port in Lithuania, helped modernise its freight handling capacities and upgrade the whole Baltics region as a transit hub, according to EBRD.


Markets
Major Cloud Service Providers Slash Prices; Threaten Smaller Players’ Existence: IDC Warns

19/04/2014 13:40 (15:58 minutes ago)

The FINANCIAL -- In the last week of March, major Cloud Service Providers (CSPs) in Asia dropped their prices for core services dramatically and IDC believes that this will make it very difficult for smaller CSPs to remain in business if they continue to rely on provision of basic, undifferentiated services, according to International Data Corporation (IDC).

Oil&Auto
Shell announces Malaysia deep-water gas discovery

19/04/2014 12:52 (16:46 minutes ago)

The FINANCIAL -- Shell announced an exploration discovery offshore Malaysia. The successful ‘Rosmari-1’ well is located 135 kilometres offshore in Block SK318, and was drilled to a total depth of 2,123 metres, according to Shell.

Read more...
INSURANCE
M&A insurance grows as confidence increases

18/04/2014 16:18 (1 Day 13:20 minutes ago)

The FINANCIAL -- As the green shoots of economic recovery have started to show in key markets like the UK and US, demand for mergers and acquisitions (M&A) insurance has been rising, according to Lloyd's, the world's specialist insurance market.

Read more...






Developed by Aleksandre Chiabrishvili

Design built by Creo Group