Ukraine’s Cabinet of Ministers at a meeting on April 12, extended the state of emergency in the electricity market for one more month. Emergency measures in the energy sector, stipulated in government resolution No. 103-r dated February 15, came into effect on February 17, because of the blockade by activists with the support of a…
Ukraine’s Cabinet of Ministers, under a proposal of the Finance Ministry, has approved the attraction of an external advisor who will advise the ministry in upgrade of the strategy for reforming state-owned banks. The decision was made by the government on April 12. “Implementing clause 13 of the memorandum (signed by Ukraine and the International…
Each additional billion dollars of foreign investments is an additional 1% to Ukraine’s GDP growth, Yulia Kovaliv, Head of the Office of the National Investment Council, stated during the forum on foreign direct investments. “When we look at the biggest taxpayers, most of them, apart from state-owned companies, are large international companies,” Kovaliv said. She…
Public joint-stock company Kyivenergo plans to invest around UAH 550 million in reconstruction and development of heat networks and power lines in 2017, Executive Director Alina Bondarenko said at a briefing in Kyiv on April 11. “The approximate sum of investment into the heat networks in 2017 will be UAH 243 million and in the…
Prime Minister of Ukraine Volodymyr Groysman has expressed hope that the management of Rivneazot and Cherkasy Azot, parts of Ostchem Group, will resume operations at the plants in autumn 2017. “I instructed the first deputy premier, we’ve checked provision with fertilizers for the spring sowing campaign, but we need to prepare for autumn. And I…
Ukrainian agrarians started planting corn for grain. As of April 10, Ukraine planted the grain throughout the areas of 60 thousand ha, or 1% of the plan, the Ministry of Agrarian Policy and Food of Ukraine declared. The general planted areas under early grains and pulses in the country reached 2.094 million ha, or 87%…
The Individuals’ Deposit Guarantee Fund on the basis of the decision of the National Bank of Ukraine (NBU) dated April 7, on declaring Finbank (Odessa) insolvent on April 10, introduced temporary administration in the financial institution for one month, the fund said on its website. Viktoria Stepanets has been appointed temporary administrator of the bank.…