Ukraine: Ukrenergo to implement ERP system based on Microsoft platform

Ukrenergo will introduce an automated management system (ERP) on the Microsoft Dynamix AX platform, which will support the reform of centralization of management processes in accounting and financial accounting, procurement, investment planning, budgeting, personnel management and other related areas. According to the company, the contract for the implementation of the ERP system worth UAH 29.017…

Ukraine: Road Fund starts operating

The Road Fund started working in Ukraine on January 1. About UAH 47 billion will be allocated to Ukrainian roads in 2018. “The automobile roads will for the first time receive the government-guaranteed funding. This year, almost UAH 33 billion will be allocated apart from separate additional financing of a number of key highways in…

Ukraine: coal stocks at TPPs up within week

Coal stocks at Ukrainian thermal power plants (TPP) increased by 0.7% on December 20-27, to 1.773 million tons, according to the Ukrainian Energy and Coal Industry Ministry’s press service. At the same time, anthracite reserves grew by 6%, from 706,000 tons to 664,900 tons, it said. Meanwhile, gas grade coal stocks shrank by 2.6%, from…

Ukraine: exports up in 2017

Ukrainian exports grew by 20% in 2017, Prime Minister Vladimir Groysman said. “In 2017, total exports grew by almost 20%, they were $35 billion in the nine months. This amount was paid to Ukraine for products created by Ukrainian hands,” he said while opening a Cabinet meeting. In his words, the European Union accounted for…

Ukraine: construction work up in 2017

The volume of construction work in Ukraine in January-November increased by 122.5%, the Regional Development, Construction, Housing and Utilities Service Ministry reports. “In January-November enterprises of Ukraine carried out construction work worth UAH 84.4 billion (excluding the temporarily occupied territory of Crimea and Sevastopol and part of the anti-terrorist operation zone in the east of…

Ukraine: NBU revokes license of Rodovid Bank

The National Bank of Ukraine (NBU) has decided to withdraw a license of PJSC Rodovid Bank nationalized in 2009 and then recognized insolvent under the Finance Ministry’s decision as of February 2016. This has been reported by the central bank’s press service. The NBU approved of a decision to revoke a banking license and liquidate…

Ukraine: GDP up in Q3 2017

The real gross domestic product of Ukraine grew by 2.1% YoY in the third quarter of 2017, according to the report published on the website of Ukraine’ State Statistics Service. Earlier, on November 14, the statistics agency released preliminary estimates claiming that GDP growth in Ukraine in the third quarter also amounted to 2.1% in…

Ukraine: state support to regions to grow in 2018

The state budget for the next year envisages UAH 6 billion from the State Regional Development Fund to implement important projects in the regions of Ukraine, and UAH 1.9 billion of subventions will be used for the development of the infrastructure in united territorial communities, Deputy Regional Development, Construction, Housing and Utilities Services Lev Partskhaladze…

Ukraine: Blue Air to launch Lviv-Brno flight

Romania’s Blue Air seeks to launch a flight between Lviv and Brno (the Czech Republic). Head of Lviv international airport Tetiana Romanovska gave the information at a press conference of Ukrainian Infrastructure Minister Volodymyr Omelyan to present financial results in Kyiv. She recalled that in November Wizz Air announced the launch of some flights from…

Ukraine: airlines increase passenger traffic in January-November 2017

Ukrainian airlines in January-November increased passenger traffic by 29.6% compared to the corresponding period of 2016, to 9.826 million people. According to the data from the State Aviation Service of Ukraine, during the reporting period Ukrainian airlines increased international passenger traffic by 30.8%, to 8.967 million people. Passenger traffic through the airports of Ukraine rose…

Ukraine: talks with Ryanair coming to an end

Infrastructure Minister Volodymyr Omelyan says that ongoing negotiations with the Irish low-cost airline Ryanair are coming to an end, as a new agreement with Boryspil Internarial Airport has been reached. “I believe that Ryanair will enter the Ukrainian market, our negotiations are coming to an end. We have managed to find a consensus with Boryspil…

Ukraine: Interchem launches new complex for API production

Interchem pharmaceutical company (Odessa) has launched a new laboratory and production complex for production of active pharmaceutical ingredients (API) in Odessa. Interchem CEO Anatoliy Reder said during the celebrations dedicated to the company’s 25th anniversary, the launch of the new API production complex was the final stage of the investment program worth EUR50 million, being…