Section: Economy

      Ukraine`s spring sowing cost up $3.892 mln in 2017
      Mar22

      Ukraine`s spring sowing cost up $3.892 mln in 2017

      The cost of the spring sowing campaign launched in Ukraine will amount to early UAH 103 billion, or US$3.892 million, which is 14% more than last year, according to the Ukrainian AgriBusiness Club Association (UCAB) press service. This year`s campaign cost will increase due to a 26% rise in the cost of fuel compared with the last year, as well as...

      Ukraine expects to resume egg exports to Israel in spring
      Mar21

      Ukraine expects to resume egg exports to Israel in spring

      Ukraine expects to resume this spring egg exports to Israel, which were halted in January 2016, due to the Israelis` suspicions on possible salmonella contamination, head of the State Food Safety and Consumer Protection Service Volodymyr Lapa told a press conference. He noted that the Israeli side requested that Ukraine inform them on the main...

      Gazprom files cassation against Ukraine anti-trust watchdog`s fine
      Mar21

      Gazprom files cassation against Ukraine anti-trust watchdog`s fine

      PJSC Gazprom has appealed in cassation the ruling of the Kyiv Economic Court of Appeal on enforcing a UAH 85.9 billion (US$3.4 billion) fine and the same amount of penalty, on claims by Ukraine`s Anti-Monopoly Committee, according to AMC head Yuriy Terentyev, Liga.net reports. ”The ruling was handed down by the appellate instance, and [now]...

      Fitch affirms Ukrainian Railway at `CCC`
      Mar21

      Fitch affirms Ukrainian Railway at `CCC`

      Fitch Ratings has affirmed Ukrainian Railway`s Long-Term Foreign Currency Issuer Default Rating (IDR) at `CCC`, Fitch Ratings said in its press release. Long-Term Local Currency IDR at `RD`, Short-Term Foreign Currency IDR at `C` and National Long-Term rating at `RD(ukr)`, according to Fitch. The Long-term foreign currency rating on Shortline...

      Ukraine sees 72.2% decline in deficit of foreign trade in goods
      Mar20

      Ukraine sees 72.2% decline in deficit of foreign trade in goods

      Ukraine`s deficit of foreign trade in commodities was estimated at US$ 86.7 million in January 2017, compared to a $308.7 million deficit year-over-year (y-o-y), according to the Ukrainian State Statistics Service`s website. Goods exports from Ukraine in January 2017 grew by 48.1% y-o-y, to $3.026 billion, while goods imports were 32.4% up y-o-y,...

      Finance ministry: No additional capitalization for Oschadbank, Ukreximbank in 2017
      Mar20

      Finance ministry: No additional capitalization for Oschadbank, Ukreximbank in 2017

      The Ukrainian Finance Ministry does not plan additional capitalization for state-owned Oschadbank and Ukreximbank this year, according to the country`s First Deputy Finance Minister Oksana Markarova. ”We do not expect the additional capitalization of Oschadbank and Ukreximbank this year,” Markarova said when presenting a public report on the...

      Oil prices drop on rise in U.S. drilling
      Mar20

      Oil prices drop on rise in U.S. drilling

      Oil prices fell on Monday as rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts pressured already-bloated markets, according to Reuters. Prices for benchmark Brent crude futures were 29 cents, or 0.56 percent, below their last settlement at 0223 GMT, at $51.47 per barrel, Reuters reported. U.S....

      Ukraine`s finance ministry tries to explain why IMF delays more aid
      Mar19

      Ukraine`s finance ministry tries to explain why IMF delays more aid

      The Ukrainian Finance Ministry has explained why the International Monetary Fund (IMF) has postponed a decision to disburse more aid to Ukraine. ”The meeting was postponed solely due to the need to assess economic implications arising from measures taken by Ukraine in response to the [coal] blockade and the seizure of Ukrainian enterprises in...

      No money yet: Ukraine issue no longer in IMF calendar
      Mar19

      No money yet: Ukraine issue no longer in IMF calendar

      Information about a March 20 meeting of the International Monetary Fund`s Executive Board on a new disbursement to Ukraine is no longer in the calendar, according to calendar data posted on the IMF`s website. The IMF Executive Board meeting on March 20 will consider Qatar`s 2016 Article IV Consultation. Then it will address Lucia`s 2016 Article...

      Over 10% of spring grains area sown so far in Ukraine
      Mar19

      Over 10% of spring grains area sown so far in Ukraine

      Farmers in Ukraine have sown 11%, or 273,000 hectares, of the country`s planned spring grains area since the season began on March 8, the agriculture ministry said on Friday, The Times of India reported. Ukraine, the world`s third-largest grain exporter, expects to sow 7.2 million hectares of spring grains this year, up from 7 million hectares...