Section: Economy

      Serhiy Kurchenko, members of Yanukovych’s criminal group, plans to monopolize liquefied petroleum gas supplies to Ukraine – Russian media
      Apr14

      Serhiy Kurchenko, members of Yanukovych’s criminal group, plans to monopolize liquefied petroleum gas supplies to Ukraine – Russian media

      Fugitive Ukrainian businessman, one of the people from Viktor Yanukovych entourage, Serhiy Kurchenko may become a monopoly supplier of Russian liquefied petroleum gas (LPG) to Ukraine, according to the Russian newspaper Kommersant. It is expected that the export of LPG to Ukraine will be limited starting May, and the only option for Russian...

      Ukraine to launch big blockchain deal with tech firm Bitfury
      Apr14

      Ukraine to launch big blockchain deal with tech firm Bitfury

      Ukraine has partnered with global technology company the Bitfury Group to put a sweeping range of government data on a blockchain platform, the firm`s chief executive officer told Reuters, in a project he described as probably the largest of its kind anywhere. Bitfury, a blockchain company with offices in the United States and overseas, will...

      Ukraine needs up to $10 bln in FDI annually to see economic growth – head of National Investment Council
      Apr14

      Ukraine needs up to $10 bln in FDI annually to see economic growth – head of National Investment Council

      Ukraine needs to attract up to $10 billion in foreign direct investment annually to achieve substantial economic growth, according to head of Office of the National Investment Council Yulia Kovaliv. ”Today, Ukraine has reached macro-stabilization. However, in terms of GDP, we are significantly behind the neighboring Eastern European states. The...

      Cost of IMF loan: Ukraine seeks to allow farmland sale from 2018
      Apr14

      Cost of IMF loan: Ukraine seeks to allow farmland sale from 2018

      Ukrainian authorities intend before late May 2017 to adopt a law regulating farmland turnover, and starting 2018, when the moratorium expires, to launch farmland sales. The adoption of a corresponding law is one of the structural beacons of the International Monetary Fund, while Ukraine`s will to start farmland sales is set out in a letter of...

      Ukraine`s central bank hopes for $1 bln in investment in 2017
      Apr14

      Ukraine`s central bank hopes for $1 bln in investment in 2017

      Deputy Governor of the National Bank of Ukraine Dmytro Solohub projects an inflow of foreign direct investment in Ukraine in 2017 will total $1 billion, which is the same level as in 2016. ”As for foreign direct investment, our forecast for an inflow of investment this year is the same as it was last year, i.e. $1 billion,” he told reporters....

      Wizz Air launches operations from its second airport in Ukraine
      Apr14

      Wizz Air launches operations from its second airport in Ukraine

      Wizz Air, the largest low-cost airline in Central and Eastern Europe and Ukraine`s largest low-cost carrier, started on April 13 its operations from Lviv`s Danylo Halytsky International Airport with the new low-fare route to Wroclaw in Poland. The flight will be carried out twice week – on Tuesdays and Saturdays, with fares starting from as low...

      Naftogaz`s charter capital grows by almost US$1.1 bln
      Apr13

      Naftogaz`s charter capital grows by almost US$1.1 bln

      The charter capital of NJSC Naftogaz of Ukraine has grown by UAH 30 billion, or US$1.1 billion, to UAH 190.15 billion, or $7.07 billion, according to Ukraine`s National Securities and the Stock Market Commission. The commission registered the report on the results of private placement of Naftogaz`s shares, in keeping with which, the company`s...

      Russian government  gives cash injection to Crimea bank
      Apr13

      Russian government gives cash injection to Crimea bank

      Russia`s government is to inject $265 million of budget money into a state-owned bank in Crimea because the lender does not have enough capital to finance infrastructure projects in the region, which Moscow annexed from Ukraine three years ago, according to Reuters. According to a government order seen by Reuters, the charter capital of the...

      Monetary base in Ukraine shrinks by almost UAH 25 bln in 2017
      Apr12

      Monetary base in Ukraine shrinks by almost UAH 25 bln in 2017

      Ukraine`s monetary base in March decreased by 1.3%, or by UAH 4.57 billion (US$170 million), to UAH 356.914 billion, or $13.27 billion, according to the National Bank of Ukraine (NBU) website. The monetary base has dropped by 6.5%, or by UAH 24.662 billion, or $917 million, since the beginning of the year, the report said. According to the data...

      State Food and Grain Corporation of Ukraine doubles flour exports in 2016-2017 marketing year
      Apr12

      State Food and Grain Corporation of Ukraine doubles flour exports in 2016-2017 marketing year

      The State Food and Grain Corporation of Ukraine (SFGCU) has exported 43,000 tonnes of flour and over 20,000 tonnes of bran since the beginning of the current 2016-2017 marketing year (MG, July 2016 – June 2017), which is more than twice as much as in 2015 – 2016 MY, Director of SFGCU Department for Elevator Activity and Finished Products Sales...