Ukraine hopes to receive the next payment of its $17.5 billion IMF program early next year and will aim to issue $2 billion on debt markets in 2018, finance minister Oleksandr Danyliuk declared. Oleksandr Danyliuk said that progress on the International Monetary Fund’s rescue plan depended on establishing a new anti-corruption court, as well as…
Prime Minister of Ukraine Volodymyr Groysman is confident that the country’s economic growth in 2018 will top 3%, the benchmark stipulated in the draft national budget. “I am absolutely convinced that we will be able to achieve economic growth exceeding 3% next year,” he declared. According to the prime minister, the accelerated economic growth will…
Ukraine’s manufacturer of mineral fertilizers Cherkasy-based PJSC Azot, a part of the Ostchem holding owned by businessman Dmytro Firtash, has resumed the production of ammonia and carbamide after overhauls, according to Ostchem’s press service. “After major repairs, the company has resumed production of ammonia (workshop A-5) and carbamide (workshop M-2),” it wrote on Facebook. In…
Ukrenergo in January-September saw net profit fall by 11.3% (by UAH 196.131 million) compared to the same period last year, to UAH 1.545 billion. According to the financial report of the company, posted on the website of the Ministry of Energy and Coal Industry, its net income for the nine months increased by 27.7%, to…
Ukraine has a huge potential to attract alternative energy sources but still does not use it, Vice Prime Minister – Minister for Regional Development, Construction, Housing and Utilities Hennadiy Zubko stated at the ninth international business forum Renewable Energy and Energy Efficiency Industry Modernization in Kyiv on November 23. “Solar energy, wind power, energy production…
In January-Octoberwater transport of Ukraine carried 0.5 million passengers, up by 30.2% YoY. According to State Statistics Committee of Ukraine, total passenger turnover in Ukraine climbed by 0.4%, to 3.851.6 million passengers. (PortNews/Business World Magazine)
Debts to the PJSC Kyivenergo for electricity consumed in October grew by UAH 300 million and reached UAH 2.9 billion, the company’s press service reports. Kyivenergo informed that utility enterprises and population remained the main debtors – UAH 1.52 billion and UAH 674 million of debts, respectively. “As of November 1 the arrears of enterprises,…