Section: Economy

      Oil edges up on weaker dollar, Libya output return weighs
      Apr04

      Oil edges up on weaker dollar, Libya output return weighs

      Oil prices rose slightly on Tuesday due to a weaker dollar, though a rebound in Libyan production put pressure on the market and rising U.S. drilling signaled the potential for increased supply and capped price gains, according to Reuters. International Brent crude futures were trading up 7 cents at $53.19 a barrel at 04:12 GMT from the previous...

      Ukraine sees 8% decline in steel output in three months
      Apr03

      Ukraine sees 8% decline in steel output in three months

      Ukraine smelted 5.6 million tonnes of steel in January-March 2017, which was 8% down year-over-year, according to the Ukrmetprom (formerly Metallurgprom) association of Ukrainian steel producers. The total production of metal rolled products over the period under review also decreased by 8%, to 4.9 million tonnes, while pig iron output shrank by...

      Ukraine doubles cherry exports in 2016
      Apr03

      Ukraine doubles cherry exports in 2016

      Ukrainian agrarians exported 1,880 tonnes of cherries and sweet cherries in 2016, which was twice the shipments in 2015, according to the press service of the Ukrainian Agribusiness Club. If in 2013 over 4,000 tonnes of Ukrainian stone fruits, which was 99% of all stone fruits exports, was shipped onto the Russian market, the main consumer of...

      NBU buys US$131 mln more than it sells on interbank forex market in 2017
      Apr03

      NBU buys US$131 mln more than it sells on interbank forex market in 2017

      The National Bank of Ukraine (NBU) bought US$ 131 million more than it sold on the Ukrainian interbank market from January 1 to March 31, 2017, as part of its operations to replenish the country`s international reserves, according to the NBU. The situation on the interbank forex market in March remained stable, the NBU said in its macroeconomic...

      Israel may buy over 2,500 tonnes of Ukrainian beef per month
      Apr03

      Israel may buy over 2,500 tonnes of Ukrainian beef per month

      Israel is interested in Ukrainian beef imports and is mulling over the possibility of buying over 2,500 tonnes of such meat per month, according to the Ukrainian Agrarian Policy and Food Ministry`s press service. ”Ukrainian beef exports will be in great demand in Israel. The point at issue is at least 2,500 tonnes of meat per month. Moreover,...

      Ukraine exports over 33 mln tonnes of grain since July 2016
      Apr03

      Ukraine exports over 33 mln tonnes of grain since July 2016

      Ukrainian agrarians have exported 33.35 million tonnes of grain since the beginning of 2016-2017 marketing year (MY) in July 2016, according to the Ukrainian Agrarian Policy and Food Ministry`s press service. In particular, 14.53 million tonnes of wheat, 4.86 million tonnes of barley, 13.78 million tonnes of maize, and 4,300 tonnes of rye were...

      Ukraine`s central bank doesn`t confirm its head`s resignation
      Apr03

      Ukraine`s central bank doesn`t confirm its head`s resignation

      The National Bank of Ukraine (NBU) says that reports that NBU Governor Valeria Gontareva has submitted a letter of resignation are not true, according to the regulator`s press service. ”The press service does not confirm the information about the resignation,” it said in a comment to UNIAN about media reports on the resignation that cited Member...

      Anti-Russia sanctions over Ukraine will remain – U.S. State Secretary
      Apr02

      Anti-Russia sanctions over Ukraine will remain – U.S. State Secretary

      U.S. Secretary of State Rex Tillerson says that the U.S. sanctions introduced against Russia over Ukraine will remain in place. ”We will continue to hold Russia accountable to its Minsk commitments. The United States sanctions will remain until Moscow reverses the actions that triggered our sanctions,” he said in remarks to the NATO-Ukraine...

      148 billion USD was pumped from Ukraine to offshore jurisdictions since 1991
      Apr02

      148 billion USD was pumped from Ukraine to offshore jurisdictions since 1991

      Over the period from 1991 to the present day, some $148 billion has been withdrawn from Ukraine to offshore jurisdictions, according to various estimates, according to Inna Shovkun, a leading researcher at the Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine, who wrote an article for the Dzerkalo Tyzhnia...

      Prime Minister of Ukraine expects to recover $12 bln of Yanukovych regime assets in 1H 2017
      Apr01

      Prime Minister of Ukraine expects to recover $12 bln of Yanukovych regime assets in 1H 2017

      Funds derived from a special confiscation procedure regarding assets of the Yanukovych regime totaling UAH 12 billion may go to the state budget as early as in the first half of 2017, Prime Minister of Ukraine Volodymyr Groysman said at his Kyiv meeting with representatives of regional media. ”I believe that in the first half of this year, it...