The Ukrainian aircraft manufacturer Antonov is carrying out works to improve the AN-158 regional jet, the company has said on its official Facebook page. “Nowadays, the aircraft are tested to widen operational conditions for all the aircraft of the AN-1X8 family. After that, the aircraft will be reequipped with Western and Ukraine-made equipment and systems…
Given the decline in gas prices on the European market, the Ukrainian government and the National Joint-Stock Company Naftogaz Ukrainy have agreed to cut regulated gas price for households and heat producers to market level in May from UAH 8,550 ($321) per 1,000 cubic meters to UAH 8,247 ($310). “Upon the order of the Cabinet…
Ukraine’s military expenditure grew by 21%, to $4.8 billion in 2018. Total world military expenditure rose to $1.8 trillion in 2018, representing an increase of 2.6% from 2017, according to new data from the Stockholm International Peace Research Institute (SIPRI). The five biggest spenders in 2018 were the United States, China, Saudi Arabia, India and…
Ukraine might create a new state agency with expanded powers to replace the state-run Ukroboronprom Concern, according to Deputy Secretary of the National Security and Defense Council of Ukraine, Serhiy Kryvonos. According to him, the adoption of the bill on reforming Ukroboronprom will help reduce corruption risks in the defense industry, Kryvonos said. The official…
The National Bank of Ukraine (NBU) purchased almost $900 million on the interbank foreign exchange market in January-April, the central bank’s press service reports. “The net purchase of foreign currency by the National Bank on the interbank foreign exchange market amounted to about $900 million in January-April. At the same time, the official hryvnia exchange…
The National Bank predicts that the volume of international reserves will remain at the level of about $21-22 billion in the coming years, NBU Governor Yakiv Smoliy declared. According to him, the key task for Ukraine is to continue cooperation with the International Monetary Fund and other financial organizations. At the same time, the main…
Industrial output in Ukraine grew by 2.1% YoY in March without taking into account the adjustment for the calendar day effect, after a 1.8% fall in February. The growth in industrial output in March, with the calendar day adjustment, accelerated to 2.7% after a 1.8% decline in February, the Ukrainian State Statistics Service said on…