Ukraine: AvtoKrAZ ships lab vehicles to Ukrgazvydobuvannia

PJSC AvtoKrAZ (Kremenchuk, Poltava region), the only Ukrainian producer of heavy trucks, within the contract after winning the tender has shipped three special lab vehicles LSG-10 on KrAZ-5233NE chassis in standard equipment for well exploration to PJSC Ukrgazvydobuvannia. LSG-10 laboratories are designed for geophysical and hydrodynamic studies with the help of in-depth tools introduced into…

Ukraine: UIA carries 40-millionth passenger

Ukraine International Airlines (UIA) has carried its 40-millionth passenger since the company was established in 1992. “On August 8 Ukraine International carried its 40-millionth passenger Svitlana Pogrebna who was flying from Kyiv to Amsterdam on the UIA PS105 flight,” reads a report posted on the company’s website. In 2015, UIA carried 4.9 million passengers; in…

Ukraine: money supply up in July 2017

Money supply in Ukraine in July grew by 1%, to UAH 1.115 trillion, the National Bank of Ukraine (NBU) has reported. The central bank said that the pace was linked to the increase in off-bank cash by 1.3%, to UAH 311.639 billion, and deposits in the national currency by 0.9%, to UAH 802.786 billion. The…

Ukraine: 33.4 million tons of grain harvested

Ukrainian agrarians harvested 33.4 million tons of grain on 8.8 million hectares (91% of the target) as of August 8, according to the Agrarian Policy and Food Ministry’s press service. Early grain crops have already been harvested in Dnipropetrovsk, Zaporizhia, Kirovohrad, Mykolayiv, and Kherson regions. The average yield of cereals is estimated at 3.79 tons…

Ukraine: Ryanair not to enter the market in 2017

Minister of Infrastructure Volodymyr Omelyan said that Ryanair, the Irish-based low-cost air carrier, might not launch its operations in Ukraine in 2017. “If the negotiations are deliberately delayed, while they (Ryanair) distribute the routes for their aircraft for the whole year, we will say that Ryanair will come next year,” Omelyan said. “But they will…

Ukraine: Stiletto Systems and MAGNUM to build new ammunition plant

British-based Stiletto Systems Ltd. jointly with Canadian-based MAGNUM and its division Waterbury Farrel are considering the possibility of participating in a tender of the Ministry of Economic Development and Trade to create a new manufacture of shooting and artillery ammunition in Ukraine. Head of Stiletto Ukraine Roman Karpenko said the British-Canadian alliance had practical experience…

Ukraine: India buys 300,000 tons of wheat

Traders have bought about 300,000 tons of Ukrainian wheat to be delivered to India in September and October as the country imports wheat for a second year to meet a domestic shortfall. Seven ships carrying roughly 300,000 tons of milling wheat with a 11.5% protein are expected to load this month in Ukraine for India,…

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…