Ukraine: electricity exports to Moldova and Eastern Europe to continue

In May Ukraine is expected to export 583 million kilowatt-hour of electricity to Moldova and Eastern European countries, according to the forecast balance of Ukraine’s integrated energy system for May. All types of electricity-generating facilities in Ukraine’s integrated energy system will produce 11.608 billion kilowatt-hour of electricity. Meanwhile, Energoatom National Nuclear Energy Generating Company of…

Ukraine: PrivatBank to extend its cashless network

PrivatBank states it will increase its payment terminal network by 20% with Verifone services, about 20,000 Verifone VX 520 terminals are expected to be deployed by September, the bank’s press service reports. “PrivatBank aims at increasing its network for payment and contactless cards acceptance by 20% in 2017. Verifone has been selected as the payment…

Ukraine: gas transit up in January-April 2017

Ukraine in January-April increased transit of natural gas through its gas transportation system by 22.5% (5.602 billion cubic meters) compared to January-April 2016, to 30.53 billion cubic meters, according to live data from PJSC Ukrtransgaz. Gas transit through Ukraine to Europe in the past four months amounted to 29.388 billion cubic meters and to Moldova…

Ukraine shows economic upturn

On the outcomes of the activities of 2016 as well as of the first quarter of 2017 the country shows a positive trend of gradual economic upturn, and this should be the basis and the key to boost investment in the country and ensure implementation of successful projects in the real economic sector, Ukrainian Prime…

Ukraine: BAU pork sales up in 2016

PJSC Bakhmutsky Agrarian Union (Donetsk region), a pork producing enterprise, in 2016 increased pork sales by 4.9% YoY, to 15,280 tons (live weight). According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, last year its net loss amounted to UAH 55.9 million against a…

Ukraine: NBU declares Diamantbank insolvent

The National Bank of Ukraine (NBU) on April 24, recognized Diamantbank (Kyiv) insolvent, according to the central bank’s website. The NBU board made corresponding decision No. 264-RSh/BT as of April 1, the bank failed to achieve the minimum level of regulatory capital adequacy at a ratio of 5% established by the central bank. Following the…