The National Bank of Ukraine (NBU) has introduced some new requirements for payment systems oversight, their participants and operators, the central bank has said on its website. The new requirements are outlined in NBU Board resolution No. 11 signed on February 13, approving of amendments to some NBU acts. The document came into effect on…
Ukrainian exporters supplied 42.5 KMT of flour to foreign markets in December 2016, up by 43.5% YoY. Overall, this is the largest monthly volume of flour shipments from Ukraine. Ukraine exported 9.6% more flour in H1 2016/2017 than at the same time in MY 2015/2016 (197.6 KMT and 180.3 KMT respectively). As before, the largest…
“Security is not cheap. Otherwise the price is the entire country,” Latvian Defense Minister Raimonds Bergmanis said. On February 15, as part of a meeting of NATO defense ministers in Brussels, Bergmanis took part in a meeting of the North Atlantic Council. The meeting discussed the realization of decision made at the NATO Summit in…
The trade turnover between Ukraine and the Czech Republic increased by 18.6% in January-November 2016. This was discussed by the Vice Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsyntsadze and Agriculture Minister of the Czech Republic Marian Jurecka. The parties discussed cooperation between the two countries in the field of agriculture and welcomed the…
The Ukrainian Agrarian Policy and Food Ministry is planning to promote an increase in soybean production output by expanding the sowing areas of soybeans, Agrarian Policy and Food Minister Taras Kutovyi has stated. “In fact, soybean production has increased 20 times over 10 years, and last year we harvested the record yield of soybeans, which…
The number of transactions using payment cards in 2016 increased by 28% YoY, to 2.513 billion, and their volume – by 30.6%, to UAH 1.61 trillion. According to the website of the National Bank of Ukraine (NBU), the volume of transactions to obtain cash using payment cards rose by 22.5% and amounted to UAH 1.039…
Belarus has shipped the first batch of dairy products to Syria, Aleksei Bogdanov, the head of the main department for foreign economic affairs at the Agriculture and Food Ministry, said. Ten containers with powdered milk and butter were shipped to Syria in January. “As for Syria, this country has a huge interest in the delivery,…