Ukraine: apple exports to UAE to grow

In the 2018-2019 season, Ukraine can export about 200 containers of apples to the United Arab Emirates, while the volume of supplies will grow on a monthly basis. Head of the Ukrainian Fruit and Vegetable Association Fedir Rybalko made a corresponding statement at the GulFood exhibition held in Dubai, the UAE, the press service of…

Ukraine: Ukroboronprom to modernize Egypt’s air defense systems

Ukraine’s state-run Ukroboronprom Concern has reached an agreement to modernize Egypt army’s air defense systems. The agreement was signed at the meeting between Director General of Ukroboronprom Pavlo Bukin and Vice President and Production Director of Egypt’s National Organization for Military Production Hassan Ahmed Abdel-Mageed during an IDEX-2019 exhibition in Abu Dhabi (UAE), according to…

Ukraine: new high-precision multiple rocket launching system showcased at IDEX 2019

Ukraine’s state-owned defense industrial group, Spetstechnoexport, has unveiled for the first time the new model of high-precision multiple rocket launching system Vilkha at the international Defense exhibition IDEX 2019 in the UAE. According to a company statement, the new Ukrainian high precision multiple rocket launching system Vilkha with 300mm caliber missiles is considered one of…

Ukraine: trade with EU up in 3 years

Trade between Ukraine and the EU has increased by 60% in the past three years, President of Ukraine Petro Poroshenko said during his speech at the panel discussion “Security in Eastern Europe” within the framework of the Munich Security Conference. The president noted that Ukraine’s external trade with EU countries accounted for 43%. “Europe for…

Ukraine: real GDP up in Q4 2018

Real GDP of Ukraine increased by 3.4% in the fourth quarter of 2018 compared to the same period in 2017, the State Statistics Service of Ukraine has reported. Real GDP in the fourth quarter of 2018 increased by 1.1% QoQ (taking into account a seasonal factor), and by 3.4% compared to the fourth quarter of…

Ukraine: capital investment up in 2018

Last year, the growth of capital investment in Ukraine was almost 20%. “Inflation slowed down to a single digit level, and the growth of capital investments was almost 20%. Last year, 957 industrial and production facilities were repaired and reconstructed, giving new products and new jobs,” Ukrainian Prime Minister Volodymyr Groysman said at the Cabinet’s…

Ukraine: foreign exchange reserves at $21 billion

The international foreign exchange reserves of Ukraine amount to more than $21 billion, President of Ukraine Petro Poroshenko said at the All-Ukrainian Public Forum “Open Dialogue” in Kyiv. “In 2014-2015, the level of foreign exchange reserves amounted to $5 billion, and payments amounted to $7 billion. The threat of Ukraine’s bankruptcy seemed inevitable. Today, the…

Ukraine: electricity production up in 2018

Last year, Ukraine produced 159.35 billion kWh of electricity, up by 2.5% YoY. As the Energy and Coal Industry Ministry of Ukraine reports, the electricity production in 2018 amounted to 159.35 billion kWh, up by 2.5% YoY. The share of nuclear power plants in overall Ukrainian electricity production was 53%, of thermal power stations and…

Ukraine: wage arrears up in 2018

As of January 1, wage arrears in Ukraine amounted to UAH 2,645.1 million, up by 11.7% YoY, the State Statistics Service of Ukraine has reported. Among the leaders in terms of wage arrears were Luhansk region (UAH 505.9 million), Donetsk region (UAH 467.3 million) and Sumy region (UAH 275.3 million). The lowest salary debts as…

Ukraine: GDP up in 2018

Ukrainian First Deputy Prime Minister and Minister of Economic Development and Trade Stepan Kubiv said that the country’s gross domestic product grew by 3.4% YoY in 2018. “Statistics, which will be announced in February, will show stabilization, and growth of the Ukrainian economy by 3.4%,” he said at a meeting of the Ukrainian parliament’s faction…

Ukraine: Russian Sberbank’s subsidiary posts $272 million in loss in 2018

Russian state-controlled Sberbank’s Ukrainian subsidiary was in the red in 2018 and posted UAH 7.614 billion, or $272 million, in loss.

The bank’s charter capital as of January 1, was UAH 20.765 billion, or $742 million, the bank said in a report on its website. (UNIAN/Business World Magazine)