Section: Economy

      Energoatom inches up electricity production by 1.1%
      Mar14

      Energoatom inches up electricity production by 1.1%

      State-run enterprise Energoatom, the operator of Ukrainian-based nuclear power plants, has raised electricity production by 1.1% in January-February 2017 year-on-year (y-o-y), to 15.797 billion kWh, according to the press service of the Ministry of Energy and Coal Industry. ”Since the beginning of 2017, Energoatom has produced 15.797 billion kWh...

      Infrastructure minister confirms Ryanair to enter Ukraine market
      Mar14

      Infrastructure minister confirms Ryanair to enter Ukraine market

      Ukrainian Infrastructure Minister Volodymyr Omelyan says Europe`s largest low-cost air carrier, Ryanair, has decided to enter the Ukrainian market, according to the minister`s Facebook page. Omelyan also announced his joint press conference with Ryanair`s Chief Commercial Officer, scheduled on March 15. ”On March 15, a joint press conference with...

      Kenya looking for suppliers of 450,000 tonnes of maize in Ukraine
      Mar14

      Kenya looking for suppliers of 450,000 tonnes of maize in Ukraine

      The government of Kenya has announced plans to buy 450,000 tonnes of yellow maize from Ukraine March through May 2017, according to the Ukrainian Agrarian Policy and Food Ministry`s press service. These plans were disclosed in a letter sent by Ukraine`s Ministry of Foreign Affairs to the Agrarian Policy and Food Ministry. In this connection, the...

      RFE/RL: EU Commissioner says Gazprom appears set to comply with antitrust rules
      Mar14

      RFE/RL: EU Commissioner says Gazprom appears set to comply with antitrust rules

      EU Competition Commissioner Margrethe Vestager says Russia`s state-run gas giant Gazprom appears ready to comply with European Union rules in order to end a five-year antitrust case and avoid fines, according to Radio Free Europe / Radio Liberty (RFE/RL). Vestager said on March 13 that Gazprom`s commitments met its objectives regarding...

      IMF confirms date of Executive Board meeting on Ukrainian issue
      Mar13

      IMF confirms date of Executive Board meeting on Ukrainian issue

      Ukraine`s key creditor, the International Monetary Fund (IMF), has confirmed that the meeting of its Executive Board on assessment of the economic situation in Ukraine and approval of the third revision of the reform program adopted in March 2015 will be held on March 20, according to its schedule of meetings posted on the IMF`s website. The...

      Ukrainian gas reserves shrink to 8.2 bcm
      Mar13

      Ukrainian gas reserves shrink to 8.2 bcm

      Natural gas reserves in Ukrainian underground gas storages (USFs) decreased by 0.5%, or 40 million cubic meters (bcm), on March 4-11, to 8.192 bcm from 8.232 bcm, according to the state-run gas transport system operator Ukrtransgaz. As reported, 4.63 bcm of gas was injected into USFs, while 0.53 bcm of gas pumped from the facilities on March 11...

      EU prolongs sanctions over Crimea crisis for another 6 months
      Mar13

      EU prolongs sanctions over Crimea crisis for another 6 months

      On March 13, 2017, the EU Council prolonged the restrictive measures over actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine for a further six months, until September 15, 2017. The measures consist of asset freezes and travel bans, the European Council said in a press release. The assessment of...

      Ukraine significantly increases import of oil products
      Mar13

      Ukraine significantly increases import of oil products

      Ukraine in January-February 2017 imported oil products by $582.5 million, which is 72% more than in the same period last year, the State Fiscal Service reports. According to the agency, imports of oil products from Belarus amounted to $285.1 million (48.9% of the cost of imports of oil products), from Russia – $158.2 million (27.1%), from Greece...

      Ukrainian banks show profitable performance in Jan 2017
      Mar11

      Ukrainian banks show profitable performance in Jan 2017

      Ukrainian solvent banks in January 2017 received UAH 338 million in net profit against UAH 890 million in net loss year-over-year (y-o-y), according to the National Bank of Ukraine (NBU) website. Banking profitability in January 2017 stemmed primarily from an increase of net interest income by 29.5% y-o-y (to UAH 4.131 million, and net fee and...

      Journalist says Governor of the National Bank of Ukraine allegedly lenient with Russian banks
      Mar11

      Journalist says Governor of the National Bank of Ukraine allegedly lenient with Russian banks

      Journalist and economic expert Oleksandr Dubinsky says Governor of the National Bank of Ukraine (NBU) Valeryia Gontareva was too lenient with Russian banks set to expand their presence in the occupied areas of Donetsk and Luhansk regions (ORDLO), also known as the self-proclaimed Luhansk and Donetsk People`s Republics, ”LPR” and ”DPR,” according...