Ukraine: public debt exceeds UAH 2 trillion

Ukraine’s public and publicly guaranteed debt has amounted to UAH 2.14 trillion (about $74 billion), Head of the State Treasury Service Tetiana Sliuz said during a public report on the activities of the State Treasury Service of Ukraine for 2017. “Of course, publicly guaranteed debt actually reaches trillions. As of January 1 it amounted to…

Ukraine: fast economic growth not ensured

Ukrainian Prime Minister Volodymyr Groysman has said Ukraine has yet to live up to its potential and ensure steady, fast economic growth. “So far, we have not been able to execute our ambitious plan to provide for steady, fast economic growth we are capable of,” Groysman said. Groysman added that many reforms had been launched…

Ukraine: sugar output up

Ukrainian sugar refineries have completed the current sugar production season, having produced 2.14 million tons of sugar since its launch on August 30, 2017, up by 6.5% YoY. “The production season is over. Forty-six sugar refineries have produced 2.14 million tons of sugar. Noteworthy, the increase in sugar output could be even greater, but the…

Ukraine: gas stocks down

Natural gas stocks in Ukraine’s underground storage facilities (USFs) on February 10-17 shrank by 5.2%, or 611 million cubic meters, from 11.681 billion cubic meters on the previous week to 11.070 billion cubic meters. In particular, 91.27 million cubic meters of gas were withdrawn from the storage facilities on February 17 alone, the state-run gas…

Ukraine: 80% of fish imported

Ukraine imports 80% of the consumed fish, according to First Deputy Agrarian Policy Minister Maksym Martyniuk. He stated that Ukraine had huge potential for import substitution. “We need to develop the production of aquaculture: once the fish is produced in Ukraine and sold for the Ukrainian hryvnia, then poachers, who now receive fish for free…

Ukraine: local budgets revenues up in 2017

Revenues of local budgets in Ukraine grew by 31% or by UAH 45.3 billion due to the decentralization reform carried out in 2017, Prime Minister Volodymyr Groysman wrote on his Facebook page. “665 united territorial communities have already been created in Ukraine. Territorial communities receive millions of hryvnias for infrastructure development: they buy equipment for…

Ukraine: Dart airline suspends servicing flights

Dart Airline (Kyiv) has suspended servicing its own flights over low occupancy of planes, the airline has reported. “This happened around two or three weeks ago,” the airline said. According to the register of civil planes, as of February 13, Dart airline does not have aircraft. However, Airbus A320-212 plane with UR-CII code, Airbus A321-211…

Ukraine: Ukrzaliznytsia denies transportation of military cargo from Russia to Transdniestria

The public joint-stock company Ukrzaliznytsia has denied information that the company has allegedly been involved in transportation of military cargo from Russia to Transdniestria. “According to the information from the automated systems of PJSC Ukrzaliznytsia, the transportation of military cargoes indicated in the application was not carried out from the Russian Federation to Transdniestria,” the…

Ukraine: mayonnaise production up in 2017

Ukraine’s large and medium-sized producers made 13.9 KMT of mayonnaise in December 2017, up by 12% MoM and YoY, when its production was at 12.4 KMT. In the full 2017 year mayonnaise production gained 0.7% and amounted to 125.5 KMT against 124.6 KMT in 2016. As a reminder, mayonnaise production has been staying at a…

Ukraine: new Arab air carrier to appear

One more top Arab air carrier may appear in Ukraine, which will perform flights from regional Ukrainian airports to Asia, Infrastructure Minister of Ukraine Volodymyr Omelyan said. “Negotiations are under way with one of the top Arab carriers, and I am sure they are successful. If this air carrier starts transportations from Lviv to Asia…

Ukraine: Astarta cuts sugar production in 2017

Astarta in the 2017-2018 marketing year (MY, September-August) reduced sugar production by 8%, to 463,000 tons compared to the previous MY, the company’s press service has reported. According to its information, Astarta plants processed about 3.1 million tons of sugar beets. The reduction of sugar production is due to a lower than planned sugar beet…