Ukraine has tested the Vilkha-M (“Alder”) multiple launch rocket system, a high-precision upgrade of the Vilkha complex, which in turn is a deeply modernized version of the Soviet “Smerch”. “Another stage of factory tests of the Vilkha-M high-precision MLR system took place on July 24. During the tests, more tasks for checking and improving a…
In January-June exports of Ukrainian agricultural products amounted to $10.3 billion, up by 18.6% YoY or by $1.6 billion, according to Acting Agrarian Policy and Food Minister of Ukraine Olha Trofimtseva. “The foreign trade turnover of agricultural products reached $13.1 billion, or 25.1% of Ukraine’s total foreign trade turnover,” she said. Ukraine continues to increase…
Ukrainian banks will open new accounts to their customers, using international bank account numbers (IBAN) from August 5. Banks will change existing numbers of accounts, preserving the existing number of analytical accounting, the National Bank of Ukraine said on its website. From November 1 the use of IBANs will be mandatory for customers of all…
Wage arrears worth UAH 54.8 million have been repaid to employees of the state-owned Mykolaiv Shipbuilding Plant, the Ukrainian presidential press service has reported. During his working visit to Mykolaiv region on July 17 President Volodymyr Zelensky was informed about wage arrears to employees of the enterprise. The head of state instructed Director General of…
In August the gas price for the population will decrease by at least 5.5% compared with the July price and will amount to no more than UAH 4,640 for a thousand cubic meters excluding VAT. “Despite the opposition of the monopolist, we have found a solution and forced Naftogaz to sell gas at a cheaper…
Ukrainian companies increased retail trade by 17.9% YoY in the first half of 2019, according to the State Statistics Service. In January-June the retail turnover of retail trade enterprises (legal entities) amounted to UAH 363.8 billion. The leader in terms of retail trade in the first half of 2019 was the city of Kyiv (UAH…
Over $5 billion in foreign investment entered Ukraine in the past three months. “For the first time in the last five years, these are neither budget funds, nor politically motivated money, nor those from the IMF or the World Bank. Even despite the lack of cooperation with the IMF, foreign investors have started to invest,”…