Ukraine: NBU allows providing hryvnia loans against collateral of foreign currency on customers’ accounts

The National Bank of Ukraine (NBU) has allowed banks to provide loans in domestic currency against the collateral of foreign currency on customers’ accounts. This has been reported by the press service of the central bank. “As part of further relaxations of anti-recessionary foreign exchange restrictions, the National Bank of Ukraine has allowed banks to…

Ukraine: Antonov net profit down in H1 2017

Antonov state enterprise (Kyiv) in January-June saw net profit under Ukrainian accounting standards fall by 66.59% compared to the same period in 2016, to UAH 22.79 million. According to the financial report on the website of the enterprise, its net income in the first half of the year increased by 37.7%, to UAH 2.223 billion.…

Ukraine: barley exports down in July 2017

According to preliminary information of market participants, 815 KMT of barley was exported from Ukraine in the first month of the 2017-2018 season, down by 19.4% YoY. Traditionally, the key end market for Ukrainian barley is Saudi Arabia, which purchased some 300 KMT in July. China also actively imported barley from Ukraine. 176 KMT of…

Ukraine: berry exports up in 2016

In 2016 Ukrainian exports of fresh cranberries and bilberries reached 2,900 tons (valued at $6.9 million), 3.3 times as high as in 2015, according to the Ministry of Agrarian Policy and Food of Ukraine. Poland (1,418 tons), the Netherlands (613 tons) and Belarus (541 tons) were the leading export destinations for those berries. An increase…

Ukraine: 2018 budget to be ready on time

Ukraine’s Minister of Economic Development and Trade Stepan Kubiv says the draft national budget for 2018 has already been endorsed by all ministries and is to be submitted to the Verkhovna Rada for consideration within the timeframe established by law, i.e. before September 15. “As of now, the revenue and expenditure parts of the budget…

Ukraine: 755 km of roads repaired in 2017

In 2017, 755 km of automobile roads have been repaired in Ukraine, the Infrastructure Ministry reports. “As of August 18, medium repairs of 756 km of automobile roads have been carried out within current financing, according to the data provided by Ukravtodor (the State Agency of Automobile Roads of Ukraine),” reads the report. The ministry…

Ukraine: retail trade up in January-July 2017

Retail trade in Ukraine grew by 8% YoY in January-July, according to the Ukrainian State Statistics Service’s website. Retail turnover increased the most in Zakarpattia, Vinnytsia, Odessa, Sumy, Mykolaiv, Cherkasy, and Lviv regions – by 21%, 17.7%, 12.8%, 10.8%, 10.6%, 9.5% and 9.5%, respectively. Retail trade in July alone rose by 6.7% against June, while…

Ukraine: 600 km of roads repaired in 2017

As of today, 600 km of roads in Ukraine have been repaired; the funds have been allocated from the state budget, credit resources, as well as proceeds from the overfulfilment of customs payments, Head of the State Agency of Automobile Roads of Ukraine (Ukravtodor) Slawomir Nowak said at a government meeting. “August 18 was the…

Ukraine: NBU buys $44 million

The National Bank of Ukraine (NBU) at the foreign exchange auction on August 17 bought $44 million, according to the press service of the central bank. As a result of the auction, the minimum exchange rate of hryvnia was UAH 25.5 per U.S. dollar, the maximum – UAH 25.5195 per U.S. dollar, and the average…