Ukraine: Zelensky’s team preparing draft decision to reduce electricity prices

The team of Ukrainian President Volodymyr Zelensky, together with the Government and the National Commission for State Regulation of Energy and Public Utilities, is developing a draft resolution to reduce electricity prices for water utilities by 10%, Presidential representative in the Cabinet of Ministers of Ukraine Andriy Herus said. “The introduction of the electricity market…

Ukraine: milk output profitability up in July 2019

Economist from the Investment Center of the Food and Agriculture Organization (FAO) of the United Nations Andriy Yarmak said the profitability of milk production in Ukraine in July grew by 33.6% YoY. “The Ukrainian Milk Index (UMI, conditional profitability of milk production) at commercial enterprises was already 33.6% up in July against the figure reported…

Ukraine: flour exports down in 2018-2019

Ukraine exported 301 thousand tons of wheat flour in MY 2018-2019, down by 30% YoY (429.8 thousand tons). This is the lowest volume of exports in five years. Flour production also dropped in MY 2018-2019, to 1.7 million tons (by 13% from 1.9 million tons in MY 2017-2018). The key export destinations include Asia, Africa,…

Ukraine: balance of payments up in H1 2019

Ukraine’s balance of payments showed a surplus of $744 million in January-June, up 2.4-fold YoY. The current account deficit over the period under review amounted to $221 million, according to the National Bank of Ukraine (NBU). The inflow to the financial account in H1 totaled $968 million. In June the surplus of the balance of…