Section: Economy

      Ukrainian operator of nuclear power plants boosts revenue from electricity sales by 21% in four months
      May16

      Ukrainian operator of nuclear power plants boosts revenue from electricity sales by 21% in four months

      State-run Energoatom, the operator of Ukrainian-based nuclear power plants, boosted revenue from electricity sales by 21% in January-April 2017 year-over-year (y-o-y), to UAH 16.835 billion, or US$636 million, according to the company`s report. Payments of the wholesale electricity market for energy supplied by Energoatom in the four months of...

      EU into extension of sanctions against Russia – Ukrainian Foreign Minister
      May15

      EU into extension of sanctions against Russia – Ukrainian Foreign Minister

      Ukrainian Foreign Minister Pavlo Klimkin has announced the foreign ministers of the European Union countries who participated in a meeting of the EU Informal Group ”Friends of Ukraine” supported the extension of sanctions against Russia. ”There was a very informative meeting with the EU foreign ministers, as we had time to discuss...

      European Investment Bank could lend EUR 160 mln to Kharkiv subway for 3.5km extension
      May15

      European Investment Bank could lend EUR 160 mln to Kharkiv subway for 3.5km extension

      The European Investment Bank (EIB) could lend EUR 160 million to the city of Kharkiv for a 3.5 kilometer extension of the Oleksiivska subway line and the construction of the Derzhavynska and Odeska stations, according to the EIB`s website. The total cost of the project is EUR 320 million. At the same time, the EIB noted that the project...

      China to repair collapsed bridge in Kyiv and build new one near Kremenchuk
      May15

      China to repair collapsed bridge in Kyiv and build new one near Kremenchuk

      Ukrainian delegates led by First Deputy Prime Minister of Ukraine, Minister of Economic Development and Trade Stepan Kubiv and China Road and Bridge Corporation`s management have agreed in Beijing on the reconstruction of Kyiv`s Shuliavsky overpass and the construction of a bridge near the Ukrainian city of Kremenchuk, according to the Ukrainian...

      S&P affirms ratings on Ukraine at `B-/B` with stable outlook
      May14

      S&P affirms ratings on Ukraine at `B-/B` with stable outlook

      On May 12, 2017, S&P Global Ratings affirmed its `B-/B` long- and short-term foreign and local currency sovereign credit ratings on Ukraine with the stable outlook, S&P said in a statement. ”Our `B-` long-term rating captures the significant debt repayments Ukraine faces over the forecast horizon, political challenges that could slow...

      NBU holds talks with Indonesian company on money production
      May13

      NBU holds talks with Indonesian company on money production

      National Bank`s Acting Governor Yakiv Smolii held a meeting with the delegation of Indonesian state-owned company Perum Peruri, a global producer of banknotes and highly secured products, the NBU press service reports. During the meeting, participants discussed the possibility of establishing a strategic partnership between the NBU...

      Soybean processing in Ukraine lags behind last year record – experts
      May13

      Soybean processing in Ukraine lags behind last year record – experts

      Ukraine`s large and medium-sized crushers produced 15.5 KMT of soybean oil in March 2017, or almost 7% more than in the previous month (14.5 KMT) but 2.5% less than in March 2016 (15.9 KMT), UkrAgroConsult reports. A total 95.3 KMT of soybean oil was made in September – March 2016-17 against 104.3 KMT at the same time a year ago (down...

      U.S. Department of Agriculture releases forecast for Ukraine`s grain yield, exports
      May13

      U.S. Department of Agriculture releases forecast for Ukraine`s grain yield, exports

      The U.S. Department of Agriculture (USDA) has forecast grain production in Ukraine at the level of 61.79 million tonnes in the 2017-2018 marketing year (MY, July 2017 – June 2018), according to the USDA`s May report published on the department`s website. Grain exports from Ukraine in the 2017-2018 MY could reach 38.31 million tonnes, the report...

      National Bank of Ukraine says Ukrainian banks lose UAH 196 bln in year
      May13

      National Bank of Ukraine says Ukrainian banks lose UAH 196 bln in year

      The National Bank of Ukraine (NBU) has revised its report on the performance of the banking system for 2016 toward the increase of losses of operating and insolvent banks by 22.2%, or by UAH 35.516 billion, to UAH 195.658 billion, which is a record figure for Ukraine`s banking system, according to the NBU`s website. Earlier, in February this...

      European Investment Bank  could lend EUR 160 mln to Kharkiv subway for 3.5km extension
      May13

      European Investment Bank could lend EUR 160 mln to Kharkiv subway for 3.5km extension

      The European Investment Bank (EIB) could lend EUR 160 million to the city of Kharkiv for a 3.5 kilometer extension of the Oleksiivska subway line and the construction of the Derzhavynska and Odeska stations, according to the EIB`s website. The total cost of the project is EUR 320 million. At the same time, the EIB noted that the project...