Ukraine: electricity exports up in January-October 2017

Ukraine in January-October exported electricity valued at $209.293 million, in particular in October at $19.685 million. According to the State Fiscal Service, in January-October electricity was supplied to Hungary for the amount of $118.529 million, Moldova for $48.655 million, Poland for $31.485 million and other countries for $10.624 million. Thus, in monetary terms exports of…

Ukraine: NBU declares Bank Boguslav insolvent

The National Bank of Ukraine (NBU) has declared PJSC Bank Boguslav (Kyiv) insolvent, according to the central bank’s website. The NBU Board made corresponding decision No. 708-RSh/BT on November 6. “As of November 1, Bank Boguslav had not ensured the implementation of measures foreseen in the previously approved restructuring plan with respect to raising charter…

Ukraine: grain export rates down in 2017

Since the beginning of 2017-2018 MY, and as of November 1, Ukraine exported nearly 14 million tons of grains, down by 1 million tons YoY, the Head of the State Service of Ukraine for Food Safety and Consumer Protection (SSUFSCP), Volodymyr Lapa within frames of the second conference “Grain exports from Ukraine” declared. He noted…

Ukraine: Severodonetsk Azot resumes production of ammonium nitrate

PJSC Severodonetsk Azot (Luhansk region) has resumed production of ammonium nitrate, the company’s website reports. “We have renewed work on the entire technological chain – from accepting ammonia to obtaining mineral fertilizers. And we’ve renewed the work of power units and two technological departments: production of nitric acid and production of ammonium nitrate. The mineral…

Ukraine to increase exports of goods to Canada

First Deputy Prime Minister and Economic Development and Trade Minister Stepan Kubiv has said that Ukraine is interested to increase exports of goods to Canada. In a post on his Facebook page, he wrote: “With my colleague Minister of International Trade of Canada Francois-Philippe Champagne we discussed new opportunities for trade. A total of 154…

Ukraine: new cargo route from Xinjiang developed

A new China-Europe freight train route was launched on October 29 in Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region. The first train, carrying oil drilling equipment is bound for Poltava via Kazakhstan and Russia. This is the first cargo train linking Xinjiang with Ukraine. The new route will cut the transportation time from…

Ukraine: NBU sells $86 million at auction

The National Bank of Ukraine (NBU) at the foreign exchange auction on October 27 sold $86.1 million to Ukrainian banks, according to the press service of the central bank. The minimum exchange rate of hryvnia during the auction was UAH 26.86 per U.S. dollar, the maximum – UAH 26.87 per U.S. dollar. Earlier, the NBU…

Turkmenistan and Ukraine discussing infrastructure projects

President of Turkmenistan Gurbanguly Berdimuhamedov met with Ukrainian businessmen, Chairman of the Board at Interbudmontazh Construction Association Vladimir Petruk and Director General of Altcom Financial Industrial Group Alexander Tislenko, the Turkmen government said in a message. President Berdimuhamedov noted that Turkmenistan aimed at mutually beneficial cooperation with foreign partners, including with the business circles of…

Ukraine: Ukrzaliznytsia to build near 4,200 freight cars at own production facilities in 2018

The public joint-stock company Ukrzaliznytsia in 2018 seeks to build 4,000 gondola cars and around 200 fitting platforms at own production facilities – Paniutyne, Stryi and Darnytsia car repair plants. Head of the car department at Ukrzaliznytsia Oleh Motin gave the information at the international conference “Car Building & Rolling Stock Repair in Ukraine” in…