TEXT-S&P rates Ukrainian Railways 'B-'; outlook positiveReutersIt is also based on the company's stand-alone credit profile (SACP), which we assess at 'b-'. The SACP reflects our view of the company's "weak" business risk profile and "highly leveraged" financial risk profile. In accordance with our criteria for ...and more »

TEXT-S&P Summary: VimpelCom Ltd.ReutersIn Russia the company has planned a cost-optimization program, which should contribute to a moderate improvement of profitability. However, in Ukraine and Kazakhstan we assume the margin to gradually decline because of competition, which should offset ...and more »

Business ready to help monotownsThe Day Weekly DigestFRU will shortly file a proposal with the Cabinet of Ministers of Ukraine, to the effect that the tax burden on urban-developing businesses be lessened, so they can reduce the tax base to the costs of advancing such monotowns' production facilities.

NewsReleaseWire.com (press release)Ann Arbor CEO & Author Earns Honorary Doctorate From Cleary UniversityNewsReleaseWire.com (press release)Daniel Milstein is Founder, President and CEO of Gold Star Mortgage Financial Group, an Inc. 500 company Dan Milstein, Chief Executive Officer of Gold Star Mortgage Financial Group in Ann Arbor and author of the bestselling book The ABC of Sales will ...

Business TodayFresh leads in black money trailBusiness Today... according to finance ministry figures. Among the major tax evasion cases detected with the help of overseas information recently was that of a pharma company which exports to Ukraine, Cyprus, and Russia. The company claimed bogus marketing expenses ...and more »

Mobile TeleSystems Announces Financial Results for the First Quarter Ended ...MarketWatch (press release)Key drivers included higher usage of mobile voice and data products, and growth and expansion in our fixed-line business unit." Alexey Kornya, MTS Vice President and Chief Financial Officer, said, "We witnessed significant improvement in profitability ...and more »

Richest Ukrainian Makes $3 Billion on State Asset SalesBusinessWeekThe son of a coal miner and a shop assistant, Akhmetov established himself in the Ukrainian business community in the early 1990s when he started trading metals and coal. He seized on the financial chaos that followed the breakup of the Soviet Union to ...and more »

Azarov to Brussels: Ukraine making 'consistent progress towards European ...Kyiv Post... the highest ever gas prices, and the absence of IMF financial support. The recent adoption of new Tax and Customs Codes substantially improves the investment and business climate in Ukraine. We do recognise that we still face many problems, ...and more »

The Moscow TimesNewsmaker: Novak a Surprise Choice for Top Energy PostThe Moscow TimesIn 2008, Novak, who was born in Ukraine, transferred to the Finance Ministry in Moscow to become a deputy finance minister under Alexei Kudrin. Sources at oil and gas companies confirmed that the appointment was unexpected and one former executive from ...

Ukraine's upcoming elections: A pivotal momentKyiv PostThe new Minister of Finance, Yuri Kolubov, is a known business associate of one of the President's sons.The President then named Dmytro Salamatin as Minister of Defense.Salamatin formerly was a citizen of the Russian Federation until 2005 and it is ...and more »