Section: Economy

      Ukraine sees agriculture output shrink in four months
      May19

      Ukraine sees agriculture output shrink in four months

      Ukraine`s agricultural production dropped by 0.3% in January-April 2017 year-over-year, according to the Ukrainian State Statistics Service.Ukraine`s agricultural production dropped by 0.3% in January-April 2017 year-over-year, according to the Ukrainian State Statistics Service. In particular, agricultural enterprises for the reporting period...

      Ukraine accuses Russia of attack on president`s website after web sanctions
      May18

      Ukraine accuses Russia of attack on president`s website after web sanctions

      Ukraine accused Russia on Tuesday of carrying out an organized cyber attack on President Petro Poroshenko`s website in response to Kyiv`s decision to impose sanctions on a number of major Russian internet businesses, according to Reuters. See also: Ukrainian President ordered internet-providers to block access to Russia social networks, Yandex...

      Ukraine reduces output of grain by-products
      May18

      Ukraine reduces output of grain by-products

      According to APK-Inform figures, during the first eight months of 2016/17 MY the production volumes of basic grain by-products in Ukraine decreased by 1.6% compared with the same period last season, The Financial reports. The reporting decline mainly developed due to reduction in animal feed production, which in July-February reached 4.45 mln...

      IMF mission starts work in Kyiv – resident representative office
      May18

      IMF mission starts work in Kyiv – resident representative office

      A new mission of Ukraine`s key lender, the International Monetary Fund (IMF), arrived in Kyiv and started work on May 16, as was planned earlier, according to the IMF Resident Representative Office in Ukraine. The current mission will analyze the country`s implementation of the Extended Fund Facility (EFF), which could result in the fourth review...

      Ukraine`s property fund asks court to undo Ukrtelecom privatization
      May18

      Ukraine`s property fund asks court to undo Ukrtelecom privatization

      Ukraine`s State Property Fund (SPF) has lodged a lawsuit with a Kyiv-based economic court against Ukrainian businessman Rinat Akhmetov`s ESU company and the State Export-Import Bank of Ukraine to cancel the sale of shares of Ukraine`s telecoms giant Ukrtelecom and recover UAH 2.17 billion, or US$82.1 million, in fines, according to the SPF`s...

      Ukraine`s Naftogaz pays back the Europeans as Russian influence dwindles – Forbes
      May17

      Ukraine`s Naftogaz pays back the Europeans as Russian influence dwindles – Forbes

      Ukraine is making good on its debts with the European Union. This time it`s Naftogaz, arguably the country`s most important company, paying off a $300 million loan it had with the European Bank for Reconstruction and Development (EBRD) on Tuesday, according to Forbes. Naftogaz used the funds between July and September, but the EBRD loan option...

      Ukrainian Railways plans five-year investment program – media
      May17

      Ukrainian Railways plans five-year investment program – media

      Ukraine`s state-owned JSC Ukrzaliznytsia railways operator has presented its five-year development strategy for 2017-21, which includes investment of UAH 130 billion to UAH 150 billion, and the formation of five business sectors: freight transport and logistics, passenger transport, infrastructure, traction services, manufacturing and services,...

      Bitcoin, dash payments could soon cover 80% of Ukraine merchant terminals
      May17

      Bitcoin, dash payments could soon cover 80% of Ukraine merchant terminals

      A project aiming to introduce Bitcoin and Dash payments across the Ukrainian retail sector has gained over $20,000 funding, CoinTelegraph reports. The as yet unnamed initiative, which began as a proposal on the Dash Central platform, now has 255 Dash ($21,500) at its disposal and has partnered with backend clients to make consumer payments...

      Former Privatbank owner: PrivatBank`s billions ”disappeared” under ”close supervision” by National Bank deputy governor
      May16

      Former Privatbank owner: PrivatBank`s billions ”disappeared” under ”close supervision” by National Bank deputy governor

      Ukrainian businessman Ihor Kolomoisky, one of the former stockholders of Ukraine`s largest PrivatBank, has commented on the investigation by Skhemy (Schemes) journalists, stating that shortly before the bank`s nationalization in December 2016, some UAH 110 billion, or US$4.16, had been withdrawn to the accounts of front companies. See also:...

      China interested in modernization of state coal mines in Ukraine
      May16

      China interested in modernization of state coal mines in Ukraine

      Chinese-based Sany Heavy Industry has shown interest in the modernization of Ukrainian state-owned coal mines with the high degree of machinery and equipment wear and tear, according to the Ukrainian Energy and Coal Industry Ministry`s website. ”Chinese companies have shown interest in upgrading Ukrainian coal enterprises. During a visit to...