Ukraine: soybeans exports in November 2016

In November Ukrainian soybean exports revived and their monthly total hit a record high. 537.6 KMT of soybeans were exported in November, or almost three times as much as in October (192.1 KMT) and up by more than 20% YoY (445.2 KMT). Export statistics for MY 2016/2017 (September-November) also beats records: shipments to foreign markets…

Ukraine: court declares Odessa CHPP bankrupt

The commercial court in Odessa region has declared public joint-stock company Odessa combined heat and power plant (CHPP) bankrupt and launched a liquidation procedure for the period of 12 months. The company reported in the information disclosure system of the National Commission for Securities and the Stock Market on Tuesday that the court made the…

Ukraine: selling prices of agricultural products up

In January-November the average selling prices of agricultural enterprises for agrarian products increased by 9.3% YoY, the press-service of the State Statistics Service of Ukraine declared. In particular, in the reporting period the average prices for plant growing commodities grew by 19.2%, and the prices for livestock commodities – by 0.7%. In November the average…

Ukraine: parliament liberalizes Tax Code

Ukraine’s Verkhovna Rada has approved at second reading bill No. 5368 liberalizing the Tax Code. A total of 240 lawmakers backed the document. Head of the parliamentary committee for tax and customs policy Nina Yuzhanina said presenting the bill that the committee received 356 proposals for the second reading and 261 of them were voted…

Ukraine: Poroshenko and Lagarde coordinate steps within EFF program

Ukrainian President Petro Poroshenko had a telephone conversation with the Managing Director of the International Monetary Fund (IMF) Christine Lagarde, the press service of the Ukrainian president has said. “Petro Poroshenko and Christine Lagarde coordinated steps within the development of further cooperation between Ukraine and the IMF under the Extended Fund Facility (EFF) program”, a…

Ukraine: NCER to cut Ukrenergo tariff for 2017

The National Commission for State Regulation of Energy, Housing and Utilities Services (NCER) will reduce the average tariff of Ukrenergo for 2017 by 4.1% compared with the current rate, to 6.054 kopecks per kWh from 6.316 kopecks/kWh (excluding VAT). According to the NCER decision, the Ukrenergo tariff in the first quarter of 2017 will amount…

Ukraine: over 1.3 million tons of sunflower oil exported in September-November 2016

According to the December balance sheets by NGO “Economic discussion club”, coordinated by the Interdepartmental working group under the Ministry of Economic Development of Ukraine, in September-November the export volumes of sunflower oil from Ukraine totaled 1.33 million tons. The general export volumes of sunflower oil in the current season are forecast at 5.38 million…

Ukraine: energy priorities for 2017

Representatives of political, business and expert circles have discussed the progress of Ukrainian energy reforms, the role of new strategic partnership in this area and priorities for 2017 at an international high-level conference on the new EU-Ukraine strategic partnership in energy and the role of business in this process in Brussels. “Having signed the memorandum…

Ukraine: IMF chief calls PrivatBank nationalization an important step to maintain fiscal stability

Managing Director of the International Monetary Fund (IMF) Christine Lagarde has welcomed the decision of the Ukrainian government and the National Bank of Ukraine on the nationalization of PrivatBank, the largest bank in the country, as it is an important step to ensure financial stability. “Today’s decision of Ukrainian authorities to nationalize PrivatBank is an…