The State Food and Grain Corporation of Ukraine (SFGCU) is launching flour production at four of its own enterprises to cover demand on the domestic market during the quarantine period. “SFGCU is ready to work on ensuring the country’s food security during the quarantine period amid the fight against COVID-19. As early as this week,…
In January-March, 20.3 thousand new passenger cars were registered in Ukraine, up by 11% YoY, according to the Ukrainian Motor Vehicle Manufacturers Association, UkrAutoProm. At the same time, the number of new passenger cars registered in March decreased by 15%, to 6,244 units. In March, Renault cars had the largest demand, with 1,222 cars registered.…
Prime Minister of Ukraine Denys Shmyhal argues that the government is considering options for weakening restrictive measures set up to flatten the curve of coronavirus spread to restart the economy. At the same time, he admitted this would depend on the dynamics of the spread. “We’re very well aware that many people, the majority of…
Default is possible in Ukraine without external support from international financial institutions, but the government is doing its best to keep the country financially stable, Ukrainian Prime Minister Denys Shmyhal has said. “First of all, we have to spend money on protecting the life and health of our citizens, rather than repaying foreign debt. Therefore,…
The National Bank of Ukraine (NBU) expects that the economic recovery in Ukraine will begin at the end of the third quarter, First Deputy NBU Governor Kateryna Rozhkova has said. “We expect, based on the forecasts we hear, that from the end of the third quarter, the economy will recover and customers and banks will…
In January-February, Ukraine produced 245.58 thousand tons of wheat and wheat-rye flour, down by 7.4% YoY, declared the State Statistics Service. In particular, in February Ukraine produced 121.46 thousand tons of flour, down by 12.2%. (APK-Inform/Business World Magazine)
Experts say the harvest of buckwheat in Ukraine in 2020 may grow by 13.3% YoY, to 96,400 tons, while that of peas may rise by 20%, to 687,400 tons. As for the grain group, yields of rye and spring wheat are also expected to increase, to 355,400 tons (by 6.7%) and to 696,800 tons (5.3%),…