Ukraine: Finance Ministry authorized to prolong agreement with EIB on EUR 200-million loan

The Cabinet of Ministers has authorized the Ministry of Finance to prolong the agreement with the European Investment Bank (EIB) on attracting EUR 200 million for financing the reconstruction of infrastructure destroyed during the military operations, as well as for resolving the problems of internally displaced persons. The relevant draft order was adopted by the…

Ukraine: flour output down in 2016-2017

Analysts estimated the domestic consumption of grains and pulses in Ukraine in 2016-2017 MY at the level of 24.2 million tons, or 42% of the general grain production (66.1 million tons), and down by 4% YoY (25.3 million tons). At the same time, the share of food use in the general domestic consumption continued steadily…

Ukraine to intensify free trade with Georgia

Ukrainian president Petro Poroshenko has announced he has agreed with his Georgian counterpart Giorgi Margvelashvili to facilitate economic partnership and deepen the free trade area. “We’ve agreed to intensify economic partnership, remove all barriers, coordinate tariffs, including for rail and ferry services, and deepen the free trade area,” he said at a joint press conference…

Ukraine: Ukroboronprom arms exports up in 2016

The state-run Ukroboronprom Concern managed to increase the export of Ukrainian arms by 25% in 2016, Deputy General Director for Ukroboronprom development, Artur Kheryvimov stated at a press conference at Kherson Regional State Administration. “Over the past year, we (Ukroboronprom) have increased our exports by 25% – from $570 million to $770 million,” said Kheryvimov.…

Ukraine: aquaculture safety project to be launched

The aquaculture safety project is funded by the government of Norway and is implemented in partnership with the Agrarian Policy and Food Ministry of Ukraine and covers legislative support in fisheries, as well as access to international market, the press service of the Food and Agriculture Organization (FAO) reported. “The project implementation will contribute to…

Ukraine: vehicles output up in H1 2017

Production of motor vehicles in Ukraine rose by 72.8% YoY in January-June, to 3,621 units, according to the Ukrautoprom Association. In particular, production of passenger cars grew by 88.3%, to 3,078 units, while the output of commercial vehicles shrank by 49.3% YoY, to 206 units. At the same time, the number of buses produced over…

Ukraine: Boryspil Airport resumes talks with Ryanair in new format

Boryspil International Airport is resuming negotiations with the Irish low-cost airline Ryanair in a new format, the airport’s director general, Pavlo Riabikin, has reported on Facebook. “I have met with representatives of the country’s leading television media. Such interaction with journalists helped deeply consider urgent issues without unnecessary emotions. I’m confident that we managed to…

Ukraine: gas transit down from July 11, 2017

Transit of Russian natural gas through Ukraine’s gas transportation system (GTS) has fallen by 24.7% since July 11, according to live data from Ukrtransgaz. If on July 1-10 the average daily transit through the Ukrainian GTS amounted to 256.7 million cubic meters, on July 11 a drop to 193.4 million cubic meters was witnessed. At…

Ukraine: Boryspil airport provides discounts only to UIA in 2013-2016

The state-owned enterprise Boryspil International Airport in 2013-2016 provided discounts to the airport fees only to the private joint-stock company Ukraine International Airlines (UIA, Kyiv), according to recommendations of the Antimonopoly Committee of Ukraine dated June 14 and published recently. “The discounts were not provided to other airlines,” the committee said. The committee said that…

Ukraine: NBU joins BCG

The National Bank of Ukraine (NBU) has become a member of the Basel Consultative Group (BCG), the outreach arm of the Basel Committee for Banking Supervision (BCBS), the NBU has reported on its website. “The BCG aims at attracting supervision officials of the countries which are not committee members to the discussion of new proposals…

Ukraine: Ryanair halts sale of tickets

Ryanair (Ireland), the largest European low-cost air carrier, has stopped the sale of tickets for flights to Kyiv and Lviv. This is evidenced by the ticket sales system on the airline’s website. There are no official statements of the company on the website, however it is impossible to purchase tickets for Ukrainian flights. As reported,…