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…

Ukraine: economy to grow in 2018

International Monetary Fund (IMF) Resident Representative in Ukraine Goesta Ljungman says the IMF estimates the growth of Ukraine’s economy in 2017 at 2% and forecasts an increase by 3-3.5% in 2018. Ljungman said that there was a definite resumption of economic growth. “Last year it was 2%. In 2018 it will increase by about 3-3.5%,”…

Ukraine: new car sales up in January 2018

The sales of new cars in Ukraine in January increased by 40.6% YoY, to 6,620 units, which was a new post-crisis record for this month, according to AUTO-Consulting. According to analysts, such a rapid increase in sales was due to the exchange rate “fever”, which forced consumers to make faster decisions about the purchase of…

Ukraine: ZTR to supply six transformers to Georgia

The private joint-stock company Zaporizhtransformator (ZTR) has signed three contracts to supply six transformers to committed partners in Georgia, ZTR has reported on its website. The contracts, the cost of which is not disclosed, envisage the delivery of two 40 MVA/110 kV transformers for the Vartsikhe cascade of hydroelectric power plants and two similar transformers…

Ukraine: wage arrears up in 2017

The total amount of wage arrears in Ukraine in 2017 increased by 32.2%, while in December 2017 they fell by 8.3% and as of January 1, 2018 amounted to UAH 2.368 billion, the State Statistics Service has said. According to its data, in December 2017 wage arrears at economically active enterprises decreased by 12.7% and…

Ukraine: peas exports to set record

In the current season Ukraine harvested more than 1 million tons of peas, and its export would reach the level of 500-600 thousand tons, which would become a record, the Ukrainian electronic grain exchange GrainTrade reported. During 5 months of the season-2017-2018 the exports of Ukrainian peas increased by 77% YoY, to 475.1 thousand tons,…