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…

Ukraine: DTEK Prydniprovska and DTEK Kryvorizka TPPs re-launch power units to shape up for summer peaks

DTEK Prydniprovska Thermal Power Plant re-connected one of its power units to the grid. DTEK Kryvorizka TPP reactivated its powers units earlier. Thus, the thermal power plants have confirmed their readiness to ensure stable operation of Ukraine’s energy system during summer peaks. This is the first unit reactivation since April when DTEK Prydniprovska and Kryvorizka…

Ukraine: average salary down in April 2017

In April the average salary of a full-time employee across Ukraine totaled UAH 6,659, down by 1.4% MoM and up by 36% YoY, according to the State Statistics Service of Ukraine. The average salary in April exceeded the minimum wage of UAH 3,200, 2.1-fold. According to the State Statistics Service, the actual salary decreased by…

Ukraine: exports up in Q1 2017

Ukraine’s exports of goods and services grew by 28% YoY in the first quarter of 2017, to $12.4 billion, up by $2.7 billion, according to the Ukrainian Economic Development and Trade Ministry’s press service. At the same time, exports of goods increased by 34.4% (by $2.7 billion), to $10.4 billion. The share of agriculture and…

Ukraine: road construction among top priorities

President Petro Poroshenko underlines the efficiency of the experiment initiated by him to allocate half of unscheduled revenue from customs duties for construction, restoration and reconstruction of roads in Ukraine. This has been reported by the press service of the Head of State. “Repair and construction of road in Ukraine is among the top priorities…