Ukraine: Energoatom and General Electric Hitachi to study prospects of cooperation

National Nuclear Generating Company Energoatom and General Electric Hitachi, Global Nuclear Fuel will study the prospects of cooperation, the press service of the Ukrainian company has reported. “Energoatom President Yuriy Nedashkovsky, Vice President of General Electric Hitachi in Europe David Powell and Global Nuclear Fuel CEO Amir Vexler held a meeting. At the meeting representatives…

Ukraine: 2016 the year of economic recovery

Ukrainian Prime Minister Volodymyr Groysman stated that 2016 was the year of economic recovery, and industry, construction sector, and agriculture showed the best growth rates. “I would like to emphasize that 2016 marked the resumption of growth of Ukrainian economy. We observed progress in all the economy sectors,” Groysman said. He noted that industry, construction…

Ukraine not purchasing Russian gas for 440 days

Ukraine has not been purchasing gas from the Russian Federation for 440 days already, Ukrainian Prime Minister Volodymyr Groysman said at a Cabinet’s meeting.

“We have been living without Russian gas for 440 days already. This is a matter of our energy independence,” Groysman said. (Ukrinform/Business World Magazine)

Ukraine: air traffic up in January 2017

In January the volume of air operations carried out by Ukrainian airline companies increased by 57.5% in contrast to the same period last year and came to 676.5 thousand passengers. In particular, the volume of international air operations increased by 60.6%, totaling 608.2 thousand passengers, the press service of the Ukrainian State Aviation Administration reports…

Ukraine: NBU divides banks into three groups

The National Bank of Ukraine (NBU) in 2017 divided banks into three groups – state-run banks, banks of foreign bank groups and banks with private capital, the NBU has reported on its website. According to NBU Board decision No. 76-sh dated February 10, the state-run banks group includes banks where the state directly or indirectly…

Ukraine: Polish company to build waste recycling plant in Zakarpattia region

The Polish company Limba has offered design solutions for solid municipal waste recycling plant construction using advanced technologies in Zakarpattia region. This is reported by the press service of Zakarpattia Regional State Administration referring to a relevant cooperation agreement signed by the Polish company’s representatives and the state administration. The technologies offered by the Polish…

Ukraine: coal stocks down in January 2017

Coal stocks in the warehouses of thermal power plants (TPP) of Ukraine in January decreased by 5.5% and as of February 1, stood at 1.948 million tons, the Ministry of Energy and Coal Industry has reported. In particular, gas coal and long-flame coal stocks amounted to 905,900 tons, while anthracite coal stocks amounted to 1.042…

Ukraine: gas stocks down in mid-February 2017

Gas stocks in Ukraine’s underground storage facilities declined by 38.6%, to 9.044 billion cubic meters since October 13, 2016 when the current heating season began, through February 11. Ukraine withdrew 87.94 million cubic meters from underground storage on February 11, and a total of 840.54 million cubic meters on February 1 through February 11 (74,41…

Ukraine: rapeseed exports exceed crushing

Large and medium-sized crushers of Ukraine produced 2.5 KMT of rapeseed oil in December 2016 against 2 KMT in November 2016 and 7.2 KMT in December 2015. Rapeseed oil production at Ukraine‚Äôs large and medium-sized plants has amounted to 61.6 KMT since the beginning of the season 2016/2017, or down by 52% YoY. Analysts note…

Ukraine: food exports to UAE down in 2016

Exports of Ukrainian food to the United Arab Emirates (UAE) fell by 19% in 2016, to $106 million, the Ukrainian Food Export Board (UFEB) has reported. “In 2013-2015 revenue from food supplies to UAE fell from $165 million to $134 million, and in January-November 2016 we had $106 million. The trend is disappointing,” UFEB Director…

Ukraine: half of bank credits non-performing

The share of bad and non-performing loans (NPL) today is around 50% of the total loan portfolio of Ukrainian banks, Director of the financial stability department of the National Bank of Ukraine (NBU) Vitaliy Vavryschuk said. “We have revealed during stress tests that the share of these loans is around 50%,” he said. Vavryschuk said…