Ukraine: NCER to cut Ukrenergo tariff for 2017

The National Commission for State Regulation of Energy, Housing and Utilities Services (NCER) will reduce the average tariff of Ukrenergo for 2017 by 4.1% compared with the current rate, to 6.054 kopecks per kWh from 6.316 kopecks/kWh (excluding VAT). According to the NCER decision, the Ukrenergo tariff in the first quarter of 2017 will amount…

Ukraine: over 1.3 million tons of sunflower oil exported in September-November 2016

According to the December balance sheets by NGO “Economic discussion club”, coordinated by the Interdepartmental working group under the Ministry of Economic Development of Ukraine, in September-November the export volumes of sunflower oil from Ukraine totaled 1.33 million tons. The general export volumes of sunflower oil in the current season are forecast at 5.38 million…

Bulgaria: corn harvesting finished

According to Bulgarian Ministry of Agriculture, as of December 8, 422.6 thousand ha of corn were threshed, or 100% of the plan (422.8 thousand ha). 2224.7 KMT were harvested with the average yield of 5.26 MT/ha. Average corn yield is 4.4% higher than in 2015. As of December 8, winter wheat had been sown at…

Ukraine: energy priorities for 2017

Representatives of political, business and expert circles have discussed the progress of Ukrainian energy reforms, the role of new strategic partnership in this area and priorities for 2017 at an international high-level conference on the new EU-Ukraine strategic partnership in energy and the role of business in this process in Brussels. “Having signed the memorandum…

Ukraine: IMF chief calls PrivatBank nationalization an important step to maintain fiscal stability

Managing Director of the International Monetary Fund (IMF) Christine Lagarde has welcomed the decision of the Ukrainian government and the National Bank of Ukraine on the nationalization of PrivatBank, the largest bank in the country, as it is an important step to ensure financial stability. “Today’s decision of Ukrainian authorities to nationalize PrivatBank is an…

Ukraine: FUIB begins the disbursement of funds to depositors of the PJSC “Bank Mykhailivskyi”

Starting on December 16, First Ukrainian International Bank (FUIB) began to disburse the guaranteed amounts of deposits to the customers of PJSC “Bank Mykhailivskyi”, that is to individuals whose funds were subject to compensation by the Private Deposit Guarantee Fund. PJSC “FUIB” disburses funds to depositors who, when concluding bank deposit/account agreement with PJSC “Bank…

Belarus: FEZ Minsk registers composite materials manufacturer

Minsk Free Economic Zone (Minsk FEZ) hosted a resident – NanoComposite, which planned to produce polymer materials with nano particles.

Established in March 1998, Minsk FEZ is now home to 113 resident companies. (Prime-TASS/Business World Magazine)