Section: Economy
Ukraine, Israel may sign FTA (Free Trade Area) deal in 2017
The agreement on free trade area (FTA) between Ukraine and Israel, which is beneficial to both countries, could be signed in 2017, Speaker of the Knesset Yuli-Yoel Edelstein said at a forum in Kyiv. ”I hope and expect that an agreement on free trade area between Ukraine and Israel will be signed in 2017,” he said. At the same time, Edelstein said...
Odesa Port-Side Chemical Plant in focus of 6-7 investors: State Property Fund chief
The State Property Fund of Ukraine (SPFU) is consulting on the privatization of 99.6% state-owned shares in the Odesa Port-Side Chemical Plant (OPP) with six to seven investors, SPFU Head Ihor Bilous told the Ukrainian TV Channel 5. ”Many people have not yet made a decision. Investors have two weeks, until December 6, when it is possible to...
National Bank of Ukraine: Ukraine risks to lose support of international financial institutions
Ukraine is facing a threat of losing support of international financial institutions and not receiving another tranche from the International Monetary Fund (IMF) this year, NBU Governor Valeria Gontareva said at a meeting of the National Bank Council. ”Ukraine risks being left without the support of international financial institutions....
Ukraine expects to get EUR 50 mln loan from Hungary to equip border
Ukraine expects to get a loan in the amount of EUR 50 million from the Government of Hungary under the terms of tied aid for the implementation of arrangement projects of the Ukrainian-Hungarian border, according to the government`s decision, published on the web portal of the Cabinet of Ministers of Ukraine. A framework agreement on raising...
Ukraine exports over 17 mln tonnes of grain
Ukrainian agrarians from the beginning of 2016-2017 marketing year (July 2016 – June 2017) have already exported more than 17 million tonnes of grain, according to the press service of the Ministry of Agrarian Policy and Food. In particular, 9.6 million tonnes of wheat, 3.4 million tonnes of corn and about 4 million tonnes of barley were...
Financial investigation Service to be set up no later than 2017 – Danyliuk
The Financial Investigation Service should be established in Ukraine no later than 2017, Minister of Finance Oleksandr Danyliuk said in his interview with Focus magazine. ”In order to eliminate the tax police and set up the financial investigation service, a special law should be adopted. We sought to get the new service operating as early as...
Ukraine harvests 61 mln tonnes of grain by Nov 23
Ukrainian farmers had harvested 61 million tonnes of grain by November 23 from 13.5 million ha, or 94% of the planned areas, according to the Ukrainian Agrarian Policy and Food Ministry`s press service. The average yield capacity was 4.51 tonnes per hectare, it said. The yield of maize was 21.7 million tonnes gathered from 3.5 million ha (82% of...
Oil prices edge higher despite doubts on OPEC-led cuts
Oil prices turned positive on Wednesday despite investor doubts that OPEC will agree to a production cut large enough to make a significant dent in the global glut of crude, according to Reuters. Members of the Organization of the Petroleum Exporting Countries (OPEC) will meet next week on November 30 in Vienna to decide on the details of an...
Growth of industrial production in Ukraine slows to 0.8% in Oct
Growth of industrial production in Ukraine in October 2016 slowed to 0.8% from October 2015 against 2% in September 2016 year-over-year, according to the State Statistics Service of Ukraine. At the same time, industrial production in October 2016 grew to 5.7% from September 2016 against 4.4% in September 2016 from August 2016. From January to...
Ukraine hands over application to join BEPS from January 1
Ukraine plans to join the Organization for Economic Co-operation and Development`s Base Erosion and Profit Shifting (BEPS) from January 1, 2017. According to the press service of the Ministry of Finance of Ukraine, a letter with the corresponding proposal was handed over by Ukrainian Finance Minister Oleksandr Danyliuk to Secretary General of the...