Ukraine: gas production up in January-July 2017

Natural gas production in Ukraine rose by 3.2% YoY in January-July, to 12.044 billion cubic meters, Ukrtransgaz has said. Ukrgazvydobuvannia increased gas production by 3%, to 8.777 billion cubic meters, Ukrnafta reduced production by 9.2%, to 0.694 billion cubic meters and other companies increased production by 7.9%, to 2.573 billion cubic meters. In July alone,…

Ukraine: rapeseed margins to exceed those of sunseed

In the opinion of specialists of the Center for Strategic Agricultural Studies, the Sumy National Agricultural University, profitability of winter rapeseed growing in Ukraine may reach 83%, while that of sunseed cultivation is expected at 79%, the Center’s director Oleksandr Maslak stated. “According to calculations for winter rapeseed growing, total farmer costs will reach UAH…

Ukraine: TAScombank net profit up in H1 2017

TAScombank (Kyiv) saw UAH 22.337 million of net profit in January-June, up 30.7-fold YoY (UAH 727,000). According to a bank report, its net interest income in H1 quadrupled, to UAH 617.9 million. Not taking into account expenses to form reserves net interest income totaled UAH 392.055 million (6.2-fold rise). The bank saw a 2.5-fold rise…

Ukraine: number of air passengers to grow

Within four years, a number of Ukrainians traveling by plane should grow to 20 million per year, Infrastructure Minister of Ukraine Volodymyr Omelian said. “Our strategy envisages that within four years the number of air passengers will increase from 8 to 20 million people per year,” the minister said. According to him, now 4-5% out…

Ukraine: gas inventories up in July 2017

Ukraine has increased gas inventories in underground storage 61.3% since the end of the heating season, according to operational data from Ukrtransgaz. The inventories amounted to 13.069 billion cubic meters on July 29, up from 8.1 billion cubic meters on March 22. The current inventories are 24.4% more than on July 29, 2016 (10.211 billion…

Ukraine: Iskra complex expands production of new electronic reconnaissance devices for Armed Forces

The state enterprise Iskra Scientific and Production Complex (Zaporizhia) is expanding production of new electronic reconnaissance and radioelectronic warfare devices for the Ukrainian Armed Forces, the press service of State Concern Ukroboronprom has reported. “Taking into account the need of the Armed Forces in radioelectronic warfare devices, Iskra has started production of new military equipment…

Ukraine: EIB mulling issue of EUR 130 million to Ukrenergo for modernization of substations

The European Investment Bank (EIB) is considering the issue of a EUR 130 million to Ukrenergo for modernization of substations, according to the website of the financial institution. The EIB said the project was aimed at improving energy efficiency, reliability of equipment, reducing operating costs. Its implementation will contribute to the integration of Ukraine’s energy…

Ukraine: seaports shipments up in H1 2017

In January-June the Ukrainian seaports processed 66.3 million tons of cargoes, up by 5% YoY, the State Enterprise Ukrainian Sea Ports Authority (USPA) declared. In particular, the export cargoes transshipment in the Ukrainian seaports reached 50.9 million tons (up by 5.4%), and import cargoes – 9.4 million tons (up by 17.6%). Traditionally, the transshipment of…

Ukraine: FUIB issues first e-license

First Ukrainian International Bank (FUIB) has become the first bank in Ukraine to issue an e-license. As of today, FUIB has issued 5 out of 11 e-licenses in Ukraine and is the leader in providing this service in Ukraine. On July 3, the National Bank started issuing personal licenses to individuals in electronic form through…

Ukraine: Belarus purchases 95% of potato

In January-June Ukraine exported 8,400 tons of potatoes worth $300,000, 95% of which was purchased by Belarus, the Ukrainian Agrarian Conference reported with a reference to the State Fiscal Service of Ukraine. “Belarus purchased 95% of Ukrainian potatoes indented for export, Moldova – another 2.6%,” reads a report. In January-June Ukraine exported 68% more potatoes…

Ukraine: PrivatBank net profit up in Q1 2017

PrivatBank in January-March saw its net profit rise 3.52-fold, to UAH 744 million, the bank said in the information disclosure system of the National Commission on Securities and the Stock Market. Its net interest income increased by 22%, to UAH 959 million. After sending UAH 2.337 billion to the reserves for bad loans, the bank’s…

Ukraine: gas reserves up in mid-July 2017

Natural gas reserves in Ukrainian underground storage facilities (USFs) on July 15-22 increased by 2.9%, orby 355 million cubic meters, from 12.320 billion cubic meters to 12.675 billion cubic meters, according to the state-run gas transport system operator, Ukrtransgaz. The daily volume of gas injection into the USFs stood at about 58.7 million cubic meters,…