Ukraine: level of shadow economy down in 2016

In January-September 2016 the level of the shadow economy in Ukraine totaled 35% of official GDP, down by 5 YoY. This is stated in a report developed by the Ministry of Economic Development and Trade. According to the ministry, the process of de-shadowing became possible due to certain factors: relative macroeconomic stability; business climate improvement…

Ukraine: Energoatom and General Electric Hitachi to study prospects of cooperation

National Nuclear Generating Company Energoatom and General Electric Hitachi, Global Nuclear Fuel will study the prospects of cooperation, the press service of the Ukrainian company has reported. “Energoatom President Yuriy Nedashkovsky, Vice President of General Electric Hitachi in Europe David Powell and Global Nuclear Fuel CEO Amir Vexler held a meeting. At the meeting representatives…

Ukraine: 2016 the year of economic recovery

Ukrainian Prime Minister Volodymyr Groysman stated that 2016 was the year of economic recovery, and industry, construction sector, and agriculture showed the best growth rates. “I would like to emphasize that 2016 marked the resumption of growth of Ukrainian economy. We observed progress in all the economy sectors,” Groysman said. He noted that industry, construction…