PJSC Ukrzaliznytsia and U.S. company General Electric Transportation signed a framework agreement on modernization and production of locomotives. The signing ceremony took place in the presence of Ukrainian President Petro Poroshenko and U.S. Ambassador to Ukraine Marie Yovanovitch. The agreement, in particular, provides for the modernization of a locomotive fleet and the construction of new…
The Slovak company Nafta intends to take part in the development of Yuzivska deposit (Kharkiv and Donetsk regions), the press service of the Association of Gas Producers of Ukraine has said, with reference to the head of the Nafta exploration and production department, Jozef Levoca. “The representatives of Nafta at a meeting with the association…
Mustard production by large and medium-sized fat-and-oil plants in December 2017 rose to a near-record volume of 1083 MT, up by 10.7% MoM (978 MT) and by 3.5% YoY (1046 MT). Total mustard output in 2017 exceeded 8 KMT reaching 8.8 KMT, up by 14.1% YoY (7.7 KMT). Domestic mustard processing has been increasing for…
The banking sector of Ukraine in 2017 posted UAH 24.4 billion of net loss, according to a February survey of the banking sector posted on the website of the National Bank of Ukraine (NBU). According to the document, PrivatBank and two banks with Russian capital mainly saw the loss. In 2017 the number of loss-making…
Ukraine’s public and publicly guaranteed debt has amounted to UAH 2.14 trillion (about $74 billion), Head of the State Treasury Service Tetiana Sliuz said during a public report on the activities of the State Treasury Service of Ukraine for 2017. “Of course, publicly guaranteed debt actually reaches trillions. As of January 1 it amounted to…
Ukrainian Prime Minister Volodymyr Groysman has said Ukraine has yet to live up to its potential and ensure steady, fast economic growth. “So far, we have not been able to execute our ambitious plan to provide for steady, fast economic growth we are capable of,” Groysman said. Groysman added that many reforms had been launched…
Ukrainian sugar refineries have completed the current sugar production season, having produced 2.14 million tons of sugar since its launch on August 30, 2017, up by 6.5% YoY. “The production season is over. Forty-six sugar refineries have produced 2.14 million tons of sugar. Noteworthy, the increase in sugar output could be even greater, but the…