Central bank is likely to leave its main interest rate unchanged on June 6, following a delay to the disbursement of International Monetary Fund aid worth $1.3 billion, a monthly analyst poll showed. Most of the analysts – 11 out of 17 polled by Reuters – expect the rate to remain at its current 17.5%.…
The Norwegian company Scatec Solar has started construction of a 148 MW solar power plant in Ukraine. The 148 MW Prohresivka solar station will be located in Mykolaiv region, according to the company’s press release. The project will be implemented in collaboration with PowerChina Guizhou Engineering Co. Ltd. that will provide construction financing and engineering…
In May Ukraine increased gas reserves in underground gas storage facilities by almost 2 billion cubic meters. As of June 1, they reached 11.46 billion cubic meters, the press service of the NJSC Naftogaz Ukrainy reported. “Ukraine continues to accumulate gas in underground gas storage facilities to go through the next heating season. The gas…
Ukraine’s national budget fell short of UAH 8.545 billion, or $319 million, in revenue from January to May. In the first five months, budget revenue totaled UAH 426.684 billion, or $15.95 billion, down by 2% from the planned indicator. At the same time, budget revenue was 15%, or UAH 56.954 billion ($2.12 billion) up on…
Ukrainian Infrastructure Minister Volodymyr Omelyan announced that the number of flights on domestic air routes increased. “Finally, we see an increase in flights not only on international but on domestic air routes also. Starting from today, SkyUp Airlines launches cheap regular flights Kyiv-Odesa and Kharkiv-Odesa. And starting from tomorrow, the Motor-Sich airline launches Kyiv-Uzhgorod flights…
The economic potential of Ukraine allows achieving much better indicators of economic growth, but this potential is still constrained by insufficient reforms. Ivan Miklos, the former finance minister of Slovakia, co-chair of the Group of Strategic Advisors for Support of Reforms in Ukraine, made a relevant statement during the workshop on the economic development of…
The Ukrainian Food Export Board (UFEB) said farmers in January-Apri boosted poultry meat exports by 40% YoY, to 135,800 tons worth $199.2 million. Major buyers of Ukrainian poultry meat were Saudi Arabia (shipments worth $54.7 million) with a 27.4% share in the total export structure, the Netherlands ($33.1 million, 16.6%), and Slovakia ($20 million, 10%).…