Ukraine: two seaports renamed

The Cabinet of Ministers of Ukraine decided to rename two geographical objects – SE Sea Commercial Port of Illichivsk and Specialized Sea Port Oktyabrsk. The decree #46 dd. January 25, is published on the government web-portal. According to the document, the officials named the seaport of Illichivsk Chernomorsk Commearicla Sea Port, and the specialized sea…

Ukraine: electricity consumption up in January 2017

Electricity consumption in Ukraine in January, taking into account losses in electricity transmission, grew by 1.8% YoY, or by 263.4 million kilowatt-hours (kWh), to 14.913 billion kWh, the Energy and Coal Industry Ministry has reported. Electricity consumption, not including losses, over the period rose by 6.7% or 738.2 million kWh, to 11.793 billion kWh. Industry…

Ukraine: oil transit to Europe up in January 2017

Oil transit through Ukraine to Europe increased to 1.326 million tons in January, by 13.5% or 157.3 million tons YoY, Ukrtransnafta has reported. Oil shipment to refineries in Ukraine in January totaled 117,400 tons. In other words, transit shipments accounted for 91.9% of all crude oil transportation and refinery supplies accounted for 8.1%. Oil transit…

Ukraine: Finance Ministry finishing talks with IMF

Ukraine’s Finance Ministry is finishing talks with the International Monetary Fund (IMF) regarding the next credit tranche, Finance Minister Oleksandr Danyliuk said. “We are at the final stages. Technical moments for receiving the next tranche are being discussed,” he said. The minister said that the negotiations with the IMF on the tranche could be finished…

Ukraine: to resume exports of eggs to Israel

Ukrainian poultry products could return to the Israeli market by the end of this spring, Ukraine’s Agricultural Policy and Food Ministry has reported. The ministry said that the talks between Ukraine’s State Service for Food Safety and Consumer Rights Protection and Israel’s Veterinary Service were being held. “The resumption of poultry products exports to Israel…

Ukraine: PrivatBank redirects claims of creditors in bail-in to NBU and DGF

PrivatBank (Dnipro) denies claims of creditors, liabilities of which were exchanged to additionally issued shares during the nationalization of the bank. “It is no secret that temporary administration (the Individuals Deposit Guarantee Fund) jointly with the National Bank of Ukraine (NBU) conducted the bail-in transaction when some passives affiliated with former shareholders as the NBU…

Ukraine: sunoil production sets new record

Ukrainian crushers continue picking up the pace of sunseed processing in the current season of 2016/2017. Sunoil output has been hitting new monthly highs for a fourth month in a row. Ukraine’s large and medium-sized crushers produced an unprecedented 558 KMT of sunoil in December 2016 compared with 529 KMT in November 2016 and 363…

Ukraine: throughput of seaports up in January 2017

In January seaports of Ukraine handled 10.03 million tons of cargo, up by 14.6% YoY, preliminary statistics of Ukrainian Sea Ports Authority shows. Transshipment of export cargo totaled 8.094 million tons (+30.3%), imports – 1.423 million tons (-9%), transit – 475,000 tons (-50%), inland traffic – 39,300 tons. State stevedores under the Ministry of Infrastructure…

Ukraine: 80% of gasoline imports come from Belarus

Ukraine gets about 80% of its gasoline imports from the Republic of Belarus, followed by Lithuania, Poland and Mediterranean countries, consulting group A-95 Director Serhii Kuiun has stated. “The market of gasoline imports is very diversified. We have 7-8 stable destinations. The largest one is, undoubtedly, Belarus, which covers 80% of import deliveries. Other important…

Ukraine: State Treasury resumes VAT refunding

Ukraine’s State Treasury Service on February 1, resumed VAT refunding. Government resolution No. 26 approving the rules for keeping the register of applications for return of VAT dated January 25, came into effect. “On February 2, treasury agencies provided for executing applications for UAH 2.187 billion that had conclusions from the State Fiscal Service about…

Ukraine: gas consumption down in 2016

In 2016 Ukraine reduced natural gas consumption by 4.1% (by 1.366 billion cubic meters) YoY, to 32.361 billion cubic meters. According to the Ministry of Energy and Coal Industry, in particular, industry consumed 9.599 billion cubic meters (down by 15.9%), households and budget-sustained organizations used 12.457 billion cubic meters (up by 2.3%), heating companies –…