Ukraine: Starokostiantynivcukor LLC increases processing and production volumes

Despite the decrease in sugar beet yield, Starokostiantynivcukor LLC processed almost 300 thousand tons of sugar beet during the 2019 production season – 50 thousand tons more than last year. A’spik Group explains such results with the establishment of partnering relationships with the agricultural enterprises of Khmelnytsk region, which provide the group of companies with…

Ukraine: passenger flow at Kyiv International Airport down in January-November 2019

Passenger flow at Igor Sikorsky Kyiv International Airport (Zhuliany) decreased by 7.4% in January-November compared to the relevant period in 2018, the press service of the airport wrote on its Facebook page. “In January-November Kyiv International Airport serviced 2.414 million passengers, down by 7.4% YoY,” reads the report. The number of passengers serviced on international…

Ukraine: average salary up in October 2019

In October the average nominal wage in Ukraine made up UAH 10,727, up by 16.4% YoY, according to the State Statistics Service of Ukraine. “In October the average nominal wage of a full-time employee of enterprises, institutions and organizations was UAH 10,727, up 2.6-fold from the minimum wage (UAH 4,173). The average nominal wage increased…

Ukraine: NBU fines four banks in November 2019

The National Bank of Ukraine (NBU) fined JSC European Industrial Bank, JSC Megabank, JSC Radabank JSC and JSC Oschadbank in November for the violation of legislation in the field of financial monitoring, the NBU’s press service has reported. “The National Bank of Ukraine, following the results of inspections on preventing and combating the legalization (laundering)…