Ukraine: sugar exports down in May 2017

Ukraine shipped 48,400 tons of sugar abroad in May, down by 33% MoM, according to the Ukrtsukor association of sugar producers. “In May, sugar exports fell by almost half compared to April, as the world market prices were on the decline. We estimate that further supplies in the current marketing year will be insignificant,” the…

Ukraine: margarine expanding into new end markets

In the current year Ukrainian fat-and-oil producers managed to reverse the downward trend in the margarine market’s capacity. This product’s output shrank by 41% to the smallest level since 2003. The main reason for that substantial decline in Ukrainian margarine production is declining demand for this commodity, both from the domestic market and foreign consumers.…

Ukraine: passenger railway communication with EU to be expanded

Direct railway passenger traffic between Ukraine and the European Union will be expanded, Ukrainian Infrastructure Minister Volodymyr Omelyan has said. “On December 23, 2016 the Intercity+ Kyiv-Lviv-Przemysl train was launched. This route has become very popular among Ukrainian passengers. Ukrzaliznytsia is looking into the possibility of launching the second pair of Kyiv-Lviv-Przemysl trains by another…

Ukraine: state debt up in April 2017

Ukraine’s total state direct and government-guaranteed debt in April grew by 2.7%, or by UAH 21.12 billion ($1.95 billion), to UAH 1.973 trillion ($74.31 billion), Ukraine’s Finance Ministry reported on its website. Since the beginning of the year the total state (direct) and government-guaranteed debt in dollar terms has increased by 4.7%. According to the…

Ukraine: deputy PM cuts growth forecast

Ukrainian Deputy Prime Minister Stepan Kubiv cut the government’s 2017 economic growth forecast to 1.8% from 3%, citing a trade blockade with separatist-held territories as one of the drivers for the revision. The new forecast is just below the central bank’s revised prediction of 1.9%. Kubiv said growth for 2018 would likely climb to 3%,…

Ukraine: exports up in Q1 2017

In January-March the exports of goods and services from Ukraine totaled $12.4 billion, up by 28% YoY, or by $2.7 billion, the Ministry of Economic Development and Trade of Ukraine reported. In particular, in the reporting period the exports of goods increased by 34.4%, or by $2.7 billion, and totaled $10.4 billion. Agricultural products and…