Ukraine: FUIB begins the disbursement of funds to depositors of the PJSC “Bank Mykhailivskyi”

Starting on December 16, First Ukrainian International Bank (FUIB) began to disburse the guaranteed amounts of deposits to the customers of PJSC “Bank Mykhailivskyi”, that is to individuals whose funds were subject to compensation by the Private Deposit Guarantee Fund. PJSC “FUIB” disburses funds to depositors who, when concluding bank deposit/account agreement with PJSC “Bank…

Ukraine: EBRD strongly supportive of decision to nationalize PrivatBank

President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti has said that the EBRD is strongly supportive of the decision of the Ukrainian government to nationalize PrivatBank and to protect the bank’s depositors, both individuals and businesses. “The nationalization which took place with the cooperation of existing shareholders will be combined with…

Ukraine: grain exports at seaports up in mid-December 2016

On December 10-16, Ukraine exported 670.1 thousand tons of grains from the seaports against 635.2 thousand tons on the previous week.

In particular, wheat shipments reached 202.9 thousand tons, corn – 442.4 thousand tons, and barley – 24.8 thousand tons. (APK-Inform/Business World Magazine)

Ukraine: Ukroboronprom to expand cooperation with Defense Ministry under UKRARPA project

The Ukroboronprom State Concern seeks to have tighter cooperation with Ukrainian Defense Ministry under the UKRARPA defense innovation development platform project initiated by the concern. Ukroboronprom Head Roman Romanov said that recently the UKRARPA project was presented to the Defense Ministry and the General Staff. The project was approved by the military. It was decided…

Ukraine: sunseed exports up in October 2016

Ukraine substantially boosted sunseed exports in October and they hit five-year high. 59.1 KMT of the product was exported that month against 2.9 KMT in September and 7.4 KMT at the same time last season. Ukraine exported a total 62 KMT of sunseed in 2016/2017 (September-October) that is seven times the volume shipped for the…

Ukraine to import meat and milk from Ireland

Ukraine and the Republic of Ireland have discussed the issue of possible expansion of trade and economic cooperation, in particular, with regard to imports of Irish beef, pork, milk, and dairy products to Ukraine. This has been reported by the State Service of Ukraine on Food Safety and Consumer Protection following a meeting of Chairman…

Ukraine: Canada ratifies FTA agreement

The House of Commons of Canada has supported the ratification of a free trade area (FTA) agreement with Ukraine, according to the Deputy Minister of Economic Development and Trade, Ukraine’s Trade Representative Natalia Mykolska. “The lower house of the parliament of Canada unanimously supported the ratification of the FTA agreement between Ukraine and Canada”, she…

Ukraine: sunmeal exports up in October 2016

Ukrainian sunmeal exports totaled 349.8 KMT in October against 141.5 KMT in September and 348 KMT in October 2015. In 2016/2017 (September-October), this product’s shipments to foreign markets somewhat exceeded last season’s: 491.3 KMT against 487.1 KMT a year ago. Although exports in the first two months did not reach the high registered in MY…

Ukraine: pea exports up in July-November 2016

In the first five months of the current season pea exports from Ukraine have managed to exceed last season’s potential. 252 KMT of peas were shipped for export from July through November, up by 4.5% YoY (242 KMT). Traditionally, the key importer remains India with its export share reaching 43%. Ukrainian exporters supplied roughly 108…

Ukraine: EBRD opens second regional office

The European Bank for Reconstruction and Development (EBRD) has opened a regional office in Kharkiv. “Eastern Ukraine is also important for our work. It is important for the economy and for our cooperation not only in terms of large-scale projects, but also in terms of the development of small and medium-sized businesses. We are opening…