AVK Confectionary LLC (Kyiv), a large confectionary producer in Ukraine, with the launch of the ground coffee line under the Baristi trademark seeks to reach 5% of the market segment by 2018. The company said in a press release that in May 2016 AVK started producing ground coffee under the Baristi trademark. In 12 month…
Ukrainian businessman, owner and president of DCH Group Oleksandr Yaroslavsky is ready to purchase another Ukrainian bank if his bid to acquire Prominvestbank (PIB) fails. “I will expand my presence in the financial segment. If I am unsuccessful with PIB, I’ll look at other banking institutions. I have acquired several large industrial assets, and now…
Ukrainian enterprises in May imported gas at an average price of UAH 5,507, or $208.38 per 1,000 cubic meters, down by 10.2% MoM, according to the website of the Ministry of Economic Development and Trade. In January the price of gas imports was $229.51 (UAH 6,033), in February some $246.88 (UAH 6,682), in March some…
Ukraine saw a 0.9% YoY decline in agricultural production in January-May, according to the State Statistics Service of Ukraine. In particular, agri-businesses reduced output by 1%, while private farmers’ production was 0.8% down. The report cites the data in constant 2010 prices without taking into account the temporarily occupied territory of the Autonomous Republic of…
The public joint-stock company Kyivenergo has asked the National Commission for Energy, Housing and Utilities Services Regulation (NCER) to review the investment program of the company for 2017 and add UAH 26.4 million (VAT included) spent on the provision of stable power supply to the Eurovision 2017 contest facilities. According to the company, all steps…
The consumer confidence index in Ukraine grew by 3.2 points in May, to 58. It is the highest since July 2014, GfK Ukraine reported. “In May Index of Current Personal Financial Standing, Index of Expected Changes in Personal Financial Standing and Index of Economic Expectations reached their maximum indicators over the past two years,” the…
The reform proposed by the Cabinet does not provide for raising the retirement age, but it cancels the taxation of pensions, Prime Minister of Ukraine Volodymyr Groysman said, commenting on the decision of the National Council of Reforms to support the pension reform. “We had a thorough conversation, we received useful suggestions, and the National…