Ukrainian hryvnia
Ukraine's C-Bank Curbs Foreign Currency Buying to Stem Hryvnia's Decline
Ukraine's central bank on Wednesday banned all foreign exchange purchases by companies through banks for the rest of the week in a bid to stem a sharp fall in the national currency, the hryvnia.
Prof. Hanke: 'Ukraine's brutal inflation'
The collapse of Ukraine's hryvnia currency, which has lost half of its value against the US dollar since the start of 2015, has resulted in a surge of inflation, Economics Professor Steve Hanke wrote in a recent blog.
- Read more about Prof. Hanke: 'Ukraine's brutal inflation'
- Log in to post comments
Kyiv says cannot withdraw heavy weapons as attacks persist
Kyiv accused pro-Russian rebels of opening fire with rockets and artillery at villages in southeastern Ukraine on Monday, all but burying a week-old European-brokered ceasefire deal.
The Ukrainian military said it could not pull weapons from the front as required under the tenuous truce, as long as its troops were still under attack.
Crimea Switches Over to Russian Rouble
Crimea is switching over to the Russian rouble (ruble, RUB) as of June 1.
On May 27, Russian President Vladimir Putin signed a decree which reduced the transition period for the circulation of the hryvnia (UAH) in Crimea and Sevastopol by June 1, 2014, thereby making the rouble the only legitimate currency according to reports of ITAR-TASS.
- Read more about Crimea Switches Over to Russian Rouble
- Log in to post comments
Bulgaria's Black Sea Resorts to Attract Tourists by Lowering Prices
Accommodation prices in Bulgaria's Black Sea resorts will post a decline of 20-30% this summer due to the expected Russian and Ukrainian market stagnation.
Prices will drop more in the south - by 30%, while on the northern Bulgarian Black Sea coast they will decline by 20%, Ilko Zapryanov, Director of Sales at Sv.Sv. Konstantin i Elena holding AD told Standart news.
Drop in Russian, Ukrainian Visitors Worries Bulgaria
Bulgarian tour operators are concerned by a possible drop in the number of Ukrainian and Russian tourists this summer.
According to the newspaper Capital Daily, another reason, besides severe tensions between the two countries, is the fall in value of the Ukrainian hryvnia and the Russian ruble to the euro – by 46 and 20 per cent respectively.
Bulgarian Touroperators Worried By Drop in Russian, Ukrainian Market
The Bulgarian touroperators are concerned by the possible drop of number of Ukrainian and Russian tourists this summer.
According to Bulgarian-language Capital Daily, another reason, besides the tensions between the two countries, is the depreciation of the Ukrainian hryvnia and the Russian ruble to the Euro – with 46 and 20%, respectively.