Ukraine: economy to grow in 2018

International Monetary Fund (IMF) Resident Representative in Ukraine Goesta Ljungman says the IMF estimates the growth of Ukraine’s economy in 2017 at 2% and forecasts an increase by 3-3.5% in 2018. Ljungman said that there was a definite resumption of economic growth. “Last year it was 2%. In 2018 it will increase by about 3-3.5%,”…

Ukraine: new car sales up in January 2018

The sales of new cars in Ukraine in January increased by 40.6% YoY, to 6,620 units, which was a new post-crisis record for this month, according to AUTO-Consulting. According to analysts, such a rapid increase in sales was due to the exchange rate “fever”, which forced consumers to make faster decisions about the purchase of…

Ukraine: ZTR to supply six transformers to Georgia

The private joint-stock company Zaporizhtransformator (ZTR) has signed three contracts to supply six transformers to committed partners in Georgia, ZTR has reported on its website. The contracts, the cost of which is not disclosed, envisage the delivery of two 40 MVA/110 kV transformers for the Vartsikhe cascade of hydroelectric power plants and two similar transformers…