Section: Economy
Ukraine could beat own record in sunflower oil exports
The United States Department of Agriculture (USDA) has estimated sunflower oil exports from Ukraine at the level of 5 million tonnes in 2017-2018 marketing year (MY, September 2017 – August 2018), according to the USDA`s May report published on the department`s website. The production of sunflower oil may reach 5.63 million tonnes, the report...
Cabinet of Ministers of Ukraine signs month-long extension of emergency in energy sector
The Cabinet of Ministers of Ukraine at today`s government meeting has prolonged for another month the emergency measures introduced in the Ukrainian electricity market in mid-February. ”We need to continue the emergency measures, as we have to take operational management decisions; that`s why we call them emergency measures. Unfortunately, today,...
Ukraine sees 36% decline in industrial prices rise
A rise in prices of industrial products in Ukraine in April 2017 slowed to 35.6% year-over-year (y-o-y) against 38.3% in March 2017, according to the Ukrainian State Statistics Service`s website. Prices of industrial products rose by 1.6% in April 2017 against March 2017, the service said. Since the beginning of the year, prices of industrial...
Core inflation up 6.3% in Ukraine in April
Core inflation in Ukraine in April 2017 remained at the level of 6.3% in annual terms, compared with April 2016, and recorded in March 2017 against March 2016, according to Ukrainian State Statistics Service`s website. Core inflation in April 2017 slowed to 0.6% compared to March 2017 against 1.7% in March 2017 from February 2017, the State...
Ukraine`s Antonov aircraft manufacturer to become joint stock company
The Cabinet of Ministers of Ukraine has decided to transform Antonov and Plant 410 CA state-owned enterprises, which are part of Ukroboronprom state-owned defense giant, into joint stock companies. The relevant resolution was adopted at a government meeting on Thursday. ”This will improve the corporate management of enterprises, as well as...
European Broadcasting Union to consider sanctions against Ukraine over Russian Eurovision participant
Eurovision Song Contest Executive Supervisor Jon Ola Sand has announced that the European Broadcasting Union (EBU) will decide whether sanctions against Ukraine over a Russian contestant should be introduced or not after the competition is over. See also: Ukraine might be excluded from Eurovision if Russian artist who supports Crimea annexation...
Ukraine`s major state-owned gas producer to get loan from European Bank for Reconstruction and Development, European Investment Bank
Ukraine`s largest state-owned gas producer Ukrgazvydobuvannia intends to raise $76 million in financing from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) to implement a project to increase natural gas production from existing wells, according to the EBRD press service. The $76 million project...
Russia becomes largest buyer of Ukrainian wine in 2017
Russia became the largest buyer of Ukrainian wine in the first four months of 2017, according to the Ukrainian agrarian news portal Agravery. Overall exports of Ukrainian wine in January-April 2017 were estimated at US$12 million, wine shipments to Russia alone totaled $6.3 million, or 52.8% of total exports, Agravery reported with reference to...
Ukraine installs over 200 solar power systems in 2017
Ukraine sees positive dynamics of demand for solar panels from the population with another 200 households having installed private solar power systems with a total capacity of 3.4 MW in the first quarter of 2017, according to the website of the State Agency for Energy Efficiency and Energy Saving of Ukraine. ”According to our monitoring, since...
Two-thirds of funds recovered from Yanukovych team can be used only after budget revision – finance ministry
Some US$1.1 billion, or about UAH 30 billion, confiscated from former Ukrainian President Viktor Yanukovych and his entourage have been transferred to the account of the State Treasury; however, revenue exceeding the target can only be used after the amendments are made to State Budget, according to the Ukrainian Finance Ministry`s website. The...