Ukraine: external debt totals 83% of GDP

Prime Minister Volodymyr Groysman has said that Ukraine’s external debt totals 83% of the country’s GDP. At the same time, he reminded that in 2014, when Arseniy Yatsenyuk became the prime minister, the state budget amounted to UAH 108,000, as the previous regime brought huge damage to the country. “Then there was the annexation of…

Ukraine: Ukrzaliznytsia to focus solely on transportation services

Ukrainian Infrastructure Minister Volodymyr Omelyan says Ukrainian state-run railways operator JSC Ukrzaliznytsia should focus only on the comprehensive development of transportation services. “Ukrzaliznytsia will never be able to make quality locomotives on its own. It will never make high-quality rail cars. When they talk about their passenger trains, I’m sorry, it’s past century technology: railway…

Ukraine: mayonnaise production down in November 2017

In November 2017 mayonnaise production by Ukrainian large and medium-sized plants was at the previous year’s level (12.4 KMT), but 12.7% lower than in October 2017 (11 KMT). Overall, mayonnaise production in 2017 has been fluctuating around the previous year’s level. Thus, Ukraine’s fat-and-oil industry produced 111.6 KMT in January-November 2017, down by 0.5% YoY.…

Ukraine: repair of Odessa-Reni highway to be completed in 2018

In Ukraine, with a 10-year warranty, almost 200 kilometers of the Odessa-Reni route were repaired, and the rest will be put into operation in 2018.

Infrastructure Minister Volodymyr Omelyan wrote this on his Facebook page. (Ukrinform/Business World Magazine)

Ukraine: poverty rate decreases

The poverty rate in Ukraine decreased to 12% in 2017, according to the results of the study conducted by the Kyiv International Institute of Sociology. “And this is one of the few but important achievements of Ukraine over the years. In 2008, after the beginning of the world crisis, the poverty rate increased to 21%,…

Ukraine: agricultural food exports to Japan at $80 million in January-November 2017

In January-November 2017 Ukraine exported agricultural food products to Japan at the sum of $80.2 million, including grain exports at $18.9 million, the Deputy Minister of Agrarian Policy and Food of Ukraine for European Integration, Olga Trofimtseva declared. According to the announcement, in the reporting period the imports of agricultural food products from Japan totaled…

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…