Ukraine to reach record grain exports

The estimated volume of Ukrainian grain exports in the new marketing year can break the record of the previous year and reach about 41 million tons. President of the Ukrainian Grain Association Volodymyr Klymenko said this at a briefing. “The overall grain production is 63.5 million tons now. 41 million tons will be exported. We…

Ukraine: 37.7 MMT of grain harvested

As of August 15, early grains and pulses were harvested from 9590 thousand ha (99% of the intended area) compared with 10105 thousand ha on August 14, 2015. Farmers obtained 37.756 MMT with average yields at 3.94 MT/ha (36.501 MMT with average productivity at 3.61 MT/ha). Wheat was harvested from 6160 thousand ha – 99%…

Ukraine opens new market for sunflower oil

On August 5, authorized representatives of Ukraine and Indonesia signed a memorandum on cooperation between the agricultural ministries of the two countries. At this stage, a free trade zone is being discussed. Mutual interest in cooperation is expected to trigger increase in export-import flows of crop products. In this segment Asian countries are traditionally considered…

Ukraine: Zorya-Mashproekt activities in H1 2016

In the first half of this year Zorya-Mashproekt released and sold turbines from the entire product range: marine propulsion installations, gas pumping units, and gas turbine generators. The installations for marine application have become the key segment of Zorya-Mashproekt’s production. Navy turbine share is over 80% of the total sales volume. As before, the largest…

Ukraine: NBU registers iBox Money Transfer

On August 4, the National Bank of Ukraine registered the iBox Money Transfer international remittance system, the payment organization of which is PJSC iBox Bank (formerly Agrocombank, Kyiv). Participants in the payment system are OJSC Zaminbank (Azerbaijan) and PJSC Artem-Bank (Kyiv). According to the NBU, taking into account iBox Money Transfer, currently eight payment systems,…

Ukraine: NBU registers Sigue Money Transfer

On August 15, the National Bank of Ukraine (NBU) registered the Sigue Money Transfer international system, the payment organization of which is Cel.Int Ltd (UK). Participants in the payment system are PrivatBank, Oschadbank, and Unex Bank. According to the NBU, taking into account Sigue Money Transfer, currently ten payment systems are registered, the payment institutions…