Ukraine: Independent Association of Banks opposes political pressure on NBU

The Independent Association of Banks of Ukraine (NABU) opposes political pressure on the National Bank of Ukraine (NBU) and blocking of collection of debts from former owners of bankrupt banks against whom lawsuits were filed. “The association addresses Ukrainian President Petro Poroshenko, Prime Minister Volodymyr Groysman and Parliament Speaker Andriy Parubiy asking to guarantee independence…

Ukraine: Economic Ministry registers Novodnistrovsk and FastIndustry industrial parks

Ukraine’s Ministry of Economic Development and Trade registered two industrial parks: Novodnistrovsk (Novodnistrovsk, Chernivtsi region) and FastIndustry (Fastiv, Kyiv region), the ministry’s press service has said. The industrial parks became the 16th and 17th in the register of industrial parks. According to the report, the functional purpose of Novodnistrovsk Park with an area of 15.36…

Ukraine: local roads to be reconstructed

At present 120 thousand kilometers of local roads in Ukraine need to be reconstructed, Minister of Regional Development, Construction, Housing and Utility Services Hennadiy Zubko has said. “At present 120 thousand kilometers of roads – the local infrastructure that we must renew. UAH 400 thousand is the cost of a central road which runs through…

Ukraine: European market of top priority

The market of the European Union is one of the top-priority ones for products of Ukrainian agrarians, the Head of the State Service on Food Safety and Consumers Protection Volodymyr Lapa declared. According to him, the consumer demand on the domestic market will continue growing in rather slow rates, taking into account the current economic…

Ukraine: Ukrenergo to modernize energy system in cooperation with KfW

Ukrenergo National Power Company considers involving the German development bank KfW in the modernization of Ukraine’s energy system. “Ukrenergo and KfW have been long-standing strategic partners. Partnership with German donors enables us to implement projects which are important in terms of technology and infrastructure and intended to enhance the reliability of energy system performance and…

Ukraine: NABU not to close Energoatom bribe case

The pretrial investigation into facts of taking bribes in procurement tenders held by National Nuclear Generating Company Energoatom to buy equipment from Czech Skoda JS known in mass media as the Martynenko (former MP Mykola Martynenko) case will be continued. “Detectives of the National Anti-Corruption Bureau of Ukraine (NABU) would not close this criminal case.…

Ukraine: rice imports down in 2016

Rice imports to Ukraine continued shrinking this season. Ukraine imported 14 KMT of rice from July till November 2016/2017, down by 35% YoY. India continues to be Ukraine’s traditional rice supplier, though with noticeably reduced shipments. 5.5 KMT of Indian rice was imported to Ukraine in the period under review against 7.9 KMT in July-November…