Ukraine: trade turnover with Italy up in 2018

In 2018, the commodity turnover between Italy and Ukraine totaled 4.47 billion, up by 14% YoY, declared the Minister of Economic Development and Trade of Ukraine, Stepan Kubiv. More than 14 thousand Ukrainian companies export their products to the European Union. Also, the trend created additional tools for the diversified cooperation, for example, through the…

Ukraine: decentralization entering second stage

The decentralization reform launched in 2014 that envisages transfer of financial resources and administrative powers to the regions is entering the second stage. That’s why it is impossible to halt the reform by hasty decisions, Prime Minister of Ukraine Volodymyr Groysman stated during a meeting with the leadership of the united territorial communities of Rivne…

Ukraine: sugar exports up in May 2019

In May Ukrainian producers exported more than 40,000 tons of sugar, up by 30% YoY. Azerbaijan remained the main importer of Ukrainian sugar in May (29% of all deliveries). Significant volumes were shipped to Turkey and Tajikistan – 17% and 16% respectively. At the same time, 378,200 tons of sugar were exported in September through…

Ukraine: inflation accelerates in May 2019

Inflation in Ukraine in May amounted to 9.6% YoY, accelerating from 8.8% in annual terms a month earlier, the State Statistics Service of Ukraine reports. May prices compared against the previous month were up by 0.7% after rising in April by 1% against March. Compared with December 2018, consumer prices in May increased by 4.2%.…

Ukraine: Boryspil Airport passenger flow up in January-May 2019

The Boryspil International Airport (Kyiv) in January-May increased passenger flow by 18.1% YoY, to 5.168 million people, the airport’s press service says. At the same time, passenger traffic on international flights amounted to 4,755 million people (+19.1%), and on domestic – 412,900 (+7.5%). In January-May the airport serviced 40,502 flights (+11.2%), including 35,215 international and…

Ukraine: gas output up in January-May 2019

In January-May, Ukrainian gas enterprises produced 8.8 billion cubic meters of natural gas, the press service of Ukrtransgaz JSC reports. “Since the beginning of the year and as of May, Ukrainian gas enterprises produced 8.8 billion cubic meters of natural gas, up by 3.5% YoY,” reads the report. Ukrainian consumers of all categories from the…

Ukraine: gas transit up in January-May 2019

Transit shipments of natural gas via the Ukrainian gas transmission system (GTS) in January-May grew by 7.8% YoY, to 37.6 billion cubic meters. In particular, gas transit supplies from Russia via Ukraine in May alone stood at 8.37 billion cubic meters, up by 16.4% YoY, the state-run gas transmission system operator Ukrtransgaz said. (UNIAN/Business World…

Ukraine: gas reserves up in May 2019

In May Ukraine increased gas reserves in underground gas storage facilities by almost 2 billion cubic meters. As of June 1, they reached 11.46 billion cubic meters, the press service of the NJSC Naftogaz Ukrainy reported. “Ukraine continues to accumulate gas in underground gas storage facilities to go through the next heating season. The gas…

Ukraine: infrastructure minister announces increase in flights on domestic air routes

Ukrainian Infrastructure Minister Volodymyr Omelyan announced that the number of flights on domestic air routes increased. “Finally, we see an increase in flights not only on international but on domestic air routes also. Starting from today, SkyUp Airlines launches cheap regular flights Kyiv-Odesa and Kharkiv-Odesa. And starting from tomorrow, the Motor-Sich airline launches Kyiv-Uzhgorod flights…

Ukraine: only reforms to accelerate economic growth

The economic potential of Ukraine allows achieving much better indicators of economic growth, but this potential is still constrained by insufficient reforms. Ivan Miklos, the former finance minister of Slovakia, co-chair of the Group of Strategic Advisors for Support of Reforms in Ukraine, made a relevant statement during the workshop on the economic development of…

Ukraine: poultry exports up in January-April 2019

The Ukrainian Food Export Board (UFEB) said farmers in January-Apri boosted poultry meat exports by 40% YoY, to 135,800 tons worth $199.2 million. Major buyers of Ukrainian poultry meat were Saudi Arabia (shipments worth $54.7 million) with a 27.4% share in the total export structure, the Netherlands ($33.1 million, 16.6%), and Slovakia ($20 million, 10%).…

Ukraine: Skywell to start producing electric buses

The Chinese company Skywell will launch the production of electric buses in Ukraine, the company’s press service reports on Facebook. “Today we have met honored guests from China – specialists in the development of electric bus technologies. We discussed the possibility and technologies of organizing SKD assembly of the electric buses Skywell in Ukraine. So…