Ukraine: Astarta optimizes sugar assets

Astarta is reporting on completion of sale of its two sugar plants in Kharkiv region – Savynskiy and Novoivanivskiy. As previously communicated, the company’s management was focusing on improving the profitability of the sugar segment and optimizing the corresponding asset base by concentrating production on its core sugar mills in 2020. Since Kharkiv region does…

Ukraine: government pays UAH 15.8 billion worth of unemployment benefits during quarantine

The government has paid UAH 15.8 billion worth of unemployment benefits to Ukrainians since the beginning of the coronavirus quarantine, Economy, Trade and Agriculture Development Minister Ihor Petrashko said during the All-Ukrainian Forum “Ukraine 30. Coronavirus: Challenges and Responses” in Kyiv on February 9. “A total amount of unemployment benefits has reached UAH 15.8 billion.…

Ukraine: coffee imports up over five years

Over the past five years, Ukraine’s coffee imports have grown by 63%. In 2020, they reached 48.4 thousand tons for a total amount of $166.1 million, according to the Ukrainian Agribusiness Club Association (UCAB). About 51% of coffee is imported unroasted and processed already in Ukraine. The main suppliers of coffee to Ukraine are European…

Ukraine: government to stimulate programs to cut financial resource cost for business

Prime Minister Denys Shmyhal says that in order to accelerate economic growth, the Ukrainian government will continue to stimulate government programs aimed at facilitating access to financial resources. The prime minister stated this at a special gathering of business community “EBA Global Outlook 2021: the Year of Big Questions”, when asked how the government would…