Ukrainians more actively used smartphones to pay bills and handle other financial transactions in the past year: the number of payments with mobile apps grew by 50%. PrivatBank’s press service reported that the number of transactions via the Privat24 mobile app increased from 8.9 million in March 2018 and to more than 15.8 million in…
The Kosice-Mukachevo train has carried out its first test ride. “It was a test ride. We plan to launch the regular passenger service, as promised, already in June. It will take four hours to get from the Ukrainian railway station to Slovakia. The route is: Kosice – Cierna nad Tisou – Chop – Mukachevo,” Yevhen…
According to the State Fiscal Service of Ukraine, margarine exports in January-February totaled 6.235 thousand tons valued at $8.866 million. Margarine imports totaled 2.993 thousand tons at $6.924 million. In 2018, exporters shipped abroad 69.944 thousand tons of margarine ($98.629 million), while imports reached 12.595 thousand tons ($37.166 million worth). (UkrAgroConsult/Business World Magazine)
The income of the population in Ukraine grew by 9.9% YoY in 2018, to UAH 3.219 trillion ($119.24 billion). “Disposable income per person amounted to UAH 57,908.6 ($2,144),” the State Statistics Service said. As for the income structure, 47.4% was salary (45.6% in 2017), 17.6% – profit and mixed income (18%), 2.6% – income from…
According to official information of the State Statistics Service of Ukraine on the final harvest results, farmers harvested a total 70.1 million tons of grains and pulses in 2018, up by 13.1% YoY. Grain production increased in 2018 at the expense of a corn crop rise to a record 35.8 million tons (+45.1%). (UkrAgroConsult/Business World…
Development of export is a key priority for Ukraine as it generates about 50% of GDP. “Export generates about 50% of GDP, and its development is a key priority for Ukraine. For several years we have been managing to conclude three free trade agreements (with the EU, Canada, and Israel); to re-focus the exports in…
In Lviv region, Zakhidnyi Bug Agrocompany has begun sugar beet sowing. This year, more than 8,2 thousand ha of sugar beet are planned to be sown. KWS, Strube, BetaSeed, Florimond Desprez, Hilleshog, SES Vanderhave beet seeds are used for the sowing campaign. The average beet yield planned for 2019 reaches 65 ton/ha. Every second ton…