Ukraine: electricity exports up in January-May 2018

Ukraine boosted electricity exports by 25% YoY in January-May (in monetary terms), to $137.2 million.

Hungary accounted for 62.2% of the electricity sales abroad (estimated at $85.3 million), while the share of Poland was nearly 23.8% ($32.6 million) and that of Moldova 11.4% ($15.6 million), the Ukrainian State Fiscal Service said. (UNIAN/Business World Magazine)

Ukraine: foreign investors help to increase exports

The positive dynamics of Ukrainian exports growth is largely triggered by the attraction of foreign investment in the production located in Ukraine. “Attraction of investments in Ukrainian production is one of the factors in growing exports as the investors, apart from establishing production and putting money in modernization of enterprises, also attract their distribution networks,…

Ukraine: largest manufacturer of electric vehicles interested in cooperation

BYD Company, the world’s largest manufacturer of electric vehicles and lithium batteries, is considering the possibility of locating its production on the territory of Ukraine with further expansion into the European market. This was discussed during the meeting of Infrastructure Minister of Ukraine Volodymyr Omelyan with Isbrand Ho, Managing Director of BYD Europe, the press…

Ukraine: construction costs up in January-April 2018

Costs of construction and assembly services in Ukraine rose by 23.4% YoY in January-April. Over the period under review, costs of construction and assembly of civil engineering facilities, as well as commercial buildings and complex industrial facilities increased the most – by 28.1% and by 23.8%, respectively. The lowest increase was recorded in the construction…

Ukraine: Kiev and Tehran to boost ties in energy sector

Ukrainian parliamentary and state officials held separate meetings with Iran’s Ambassador in Kiev Mohammad Beheshti Monfared, expressing the eastern European country’s resolve for enhanced cooperation with Tehran in various fields, including energy. Vice Minister of Agrarian Policy and Food of Ukraine Viktor Sheremeta held talks with Beheshti Monfared in Kiev and called for closer ties…

Ukraine: China to increase imports of honey

Ukraine should increase export of its goods to China, in particular of soybeans and honey, Secretary-General of the China Overseas Development Association He Zhenwei said. “We have already decided in China that we will increase imports – not only from the US, but from other countries as well. I think it’s a good chance. Ukraine…

Ukraine: trade with Germany up in 2017

In 2017 a bilateral trade between Ukraine and Germany increased by almost 23% YoY, Ukrainian President Petro Poroshenko said after a meeting with German President Frank-Walter Steinmeier, the press service of the head of the Ukrainian state informed. The head of the Ukrainian state stressed: “I can say that we’ve worked well in the economy.…

Ukraine: sugar confectionery production down in January-April 2018

In January-April Ukrainian sugar confectionery production totaled 22 thousand tons, down by 3.1% YoY, the State Statistics Service of Ukraine reported.

According to the data, in April 5.5 thousand tons of sugar confectionery products were produced, down by 10.8% MoM and by 2.3% YoY. (UkrAgroConsult/Business World Magazine)

Ukraine: economy to reach pre-crisis level in 2021

Ukraine’s economy will manage to reach its pre-crisis level in 2021 if the GDP grows by 3-4% annually, First Vice Prime Minister – Economic Development and Trade Minister of Ukraine Stepan Kubiv said at the meeting of the National Investment Council. “The forecast for Ukrainian economy growth for 2018-2019 remains positive. According to the government’s…

Ukraine: flour exports volumes to drop

In April Ukraine supplied 24.9 thousand tons of flour to foreign markets, which became the minimum monthly value in 2017-2018 MY, as well as down by 9% YoY (27.4 thousand tons). Decreasing of the interest in Ukrainian flour from its key consumer – North Korea, which did not received the supplies in March and April,…