Ukraine: GDP up in 2018

Ukrainian First Deputy Prime Minister and Minister of Economic Development and Trade Stepan Kubiv said that the country’s gross domestic product grew by 3.4% YoY in 2018. “Statistics, which will be announced in February, will show stabilization, and growth of the Ukrainian economy by 3.4%,” he said at a meeting of the Ukrainian parliament’s faction…

Ukraine: Russian Sberbank’s subsidiary posts $272 million in loss in 2018

Russian state-controlled Sberbank’s Ukrainian subsidiary was in the red in 2018 and posted UAH 7.614 billion, or $272 million, in loss.

The bank’s charter capital as of January 1, was UAH 20.765 billion, or $742 million, the bank said in a report on its website. (UNIAN/Business World Magazine)

Ukraine: poultry meat exports up in 2018

In 2018 Ukraine exported 328.97 thousand tons of poultry meat, up by 21.24% YoY. According to the State Fiscal Service of Ukraine (SFSU), in monetary terms poultry meat exports totaled $506.61 million. The key importers of Ukrainian poultry meat in the reporting period were the Netherlands – $112.46 million; Slovakia – $59.95 million; and Saudi…

Ukraine: DTEK not considered monopolist

Head of the Antimonopoly Committee of Ukraine (AMCU) Yuriy Terentyev says the committee does not consider Ukraine’s largest private energy holding DTEK – controlled by businessman Rinat Akhmetov – to be a monopolist on the electricity market. “The mere fact of having a significant market share is not enough. The electricity market is now regulated,…

Ukraine: budget deficit up in 2018

Ukraine’s national budget in 2018 saw a deficit of UAH 59.248 billion, or $1.865 billion, up by 23.7% YoY (UAH 47.882 billion, or $1.507 billion).

The country’s consolidated budget over the period under review saw a deficit of UAH 68 billion ($2.14 billion), up 1.6-fold, according to Ukraine’s Treasury Service. (UNIAN/Business World Magazine)

Ukraine: wine exports up in 2018

In 2018, Ukrainian winemakers exported their products to the tune of over $38 million, up by 20% YoY. “We exported wine and other products of winemaking to the tune of over $38 million, although we still remain the net importers of these products (imports totaled $113.5 million in 2018),” Deputy Agrarian Policy and Food Minister…

Ukraine: passenger traffic in airports up in 2018

In 2018, the total passenger traffic in the airports of Ukraine increased by 24.5% YoY. “The passenger traffic in the airports of Ukraine increased by 24.5% and totaled 20.545,500 people, including within the international service – by 25.8% (18.356,700 people),” the State Aviation Administration of Ukraine reports. The passenger numbers of Ukrainian airlines increased by…

Ukraine: free trade agreement signed with Israel

Ukraine’s First Deputy Prime Minister and Minister for Economic Development and Trade Stepan Kubiv and Israel’s Minister of Economy and Industry Eli Cohen have signed a free trade agreement between the two countries. The signing ceremony took place in the presence of Ukrainian President Petro Poroshenko, who was on a visit to Israel on January…

Ukraine: electricity exports up in 2018

Ukraine boosted electricity exports by 19.36% in 2018 from 2017, to 6.166 billion kWh. Over the period under review, Ukraine exported about 3.59 billion kWh of electricity to Hungary, which accounted for 58% of electricity sales abroad, 1.4 billion kWh to Poland (23%), and 960 million kWh to Moldova (16%), according to the website of…