Ukraine: USA becomes major importer of honey

Since the beginning of 2017, Ukraine has sent most of its honey exports to the United States, totaling $12.6 million, the press service of the Ukrainian Agrarian Policy and Food Ministry reports. “The United States has been the major importer of Ukrainian honey during the period. The export deliveries of honey to this country came…

Ukraine: state-owned banks strategy to focus on settling problem of competition

A strategy for state-owned banks being designed will focus on settling the problem of competition between the financial institutions, first of all PrivatBank and Oschadbank (both based in Kyiv), Ukrainian Finance Minister Oleksandr Danyliuk has said. “Oschadbank is competing with PrivatBank. I cannot criticize managers of the two banks for competition: they are commercial structures,…

Ukraine: electricity exports to Moldova and Eastern Europe to continue

In May Ukraine is expected to export 583 million kilowatt-hour of electricity to Moldova and Eastern European countries, according to the forecast balance of Ukraine’s integrated energy system for May. All types of electricity-generating facilities in Ukraine’s integrated energy system will produce 11.608 billion kilowatt-hour of electricity. Meanwhile, Energoatom National Nuclear Energy Generating Company of…

Ukraine: PrivatBank to extend its cashless network

PrivatBank states it will increase its payment terminal network by 20% with Verifone services, about 20,000 Verifone VX 520 terminals are expected to be deployed by September, the bank’s press service reports. “PrivatBank aims at increasing its network for payment and contactless cards acceptance by 20% in 2017. Verifone has been selected as the payment…

Ukraine: gas transit up in January-April 2017

Ukraine in January-April increased transit of natural gas through its gas transportation system by 22.5% (5.602 billion cubic meters) compared to January-April 2016, to 30.53 billion cubic meters, according to live data from PJSC Ukrtransgaz. Gas transit through Ukraine to Europe in the past four months amounted to 29.388 billion cubic meters and to Moldova…

Ukraine shows economic upturn

On the outcomes of the activities of 2016 as well as of the first quarter of 2017 the country shows a positive trend of gradual economic upturn, and this should be the basis and the key to boost investment in the country and ensure implementation of successful projects in the real economic sector, Ukrainian Prime…