The law on the electricity market came into force on June 11 after its official publication in the Uriadovy Kurier newspaper. As reported, Ukrainian president Petro Poroshenko signed the law on the electricity market on June 8. Rada adopted draft law No. 4493 on the electricity market of Ukraine at first reading on September 22,…
Some $25.47 million has been withdrawn from Bank National Credit in favor of insiders, the Individuals’ Deposit Guarantee Fund reported on its website. “The amount equivalent to a quarter of the balance sheet of PJSC Bank National Credit has been debited from the correspondent account of Bank Frick and Co Aktiengesellschaft (Liechtenstein) in favor of…
Ukraine exported 330 KMT of flour in the ten months of MY 2016-2017 (July 2016 – April 2017), up by 16% YoY. Traditionally, China remains the top importer of Ukrainian flour with an export share of 21%. Ukrainian exporters continue stepping up flour deliveries to Africa. In particular, more than 28 KMT of flour was…
A Chinese company plans to invest its funds in the Bank Moscow-Minsk, manager for Belarus at DRex Food Group Zoya Kavaleva reported after the talks with Belarus Agriculture and Food Minister Leonid Zayats on June 12. “We would like to invest in the bank. We want to buy a stake in the bank or some…
Turkmenistan plans to establish regular air service with Tajikistan in the near future. The flights will be carried out under the bilateral agreements. A Turkmen delegation took off to Dushanbe where it would hold talks in the framework of the agreements on expanding bilateral cooperation. Officials of Turkmenistan Airlines (national carrier) and Turkmenistan Airline OJSC…
Average wages in Ukraine are expected to increase by 38%, to UAH 7,100, by the beginning of 2018, the press service of the Social Policy Ministry of Ukraine has reported. “The wage reform also provides for the revision of wage setting with a view to gradually raising real wages and eliminating wage arrears,” Minister of…
Ukraine shipped 48,400 tons of sugar abroad in May, down by 33% MoM, according to the Ukrtsukor association of sugar producers. “In May, sugar exports fell by almost half compared to April, as the world market prices were on the decline. We estimate that further supplies in the current marketing year will be insignificant,” the…