Kyiv’s district administrative court has declared unlawful the decision of Ukraine’s Cabinet of Ministers not to allow Yuzgaz B.V. (the Netherlands) to participate in the product sharing agreement (PSA) on the Yuzivska field (Kharkiv and Donetsk regions) and obliged the government to resume the consideration of the company’s application. The court ruling was published in…
First Ukrainian International Bank (FUIB) finished 2016 with a net profit of 367 million UAH. At the same time, bank’s operating profit amounted to 1.8 billion UAH. The bank reduced allocations to reserves more than 3.5-fold, from 4.8 billion UAH in 2015 to 1.3 billion UAH in 2016. According to the results of 2016, FUIB’s…
Ukraine International Airlines (UIA, Kyiv), the country’s largest air carrier, has refuted any financial relations with PrivatBank (Dnipro). According to UIA, PrivatBank board chairman Oleksandr Shlapak in an interview with the Ekonomichna Pravda edition published on March 9, argued that all financial and budgetary operations of UIA had allegedly been outsourced to the bank. “We…
The Ukrainian State Aviation Administration intends to apply to the air agencies of the member states of the European Union to consider an issue of lifting the current restrictions imposed on regular flights on a bilateral basis. This has been reported by the press service of the Ukrainian Infrastructure Ministry. “On March 22, the Ukrainian…
Ukraine kept a fast pace of barley exports in February. According to preliminary information, about 200 KMT of barley was shipped abroad that month, or 8.4 times as much as in February 2016 (24 KMT). In total, Ukraine exported 4670 KMT of barley in July-February of the current season, or 18% more than in the…
Ukraine has officially reported yet another record grain harvest for 2016, exceeding 66 million tons in the process. Of this, wheat accounted for 26.8 million tons, maize came in at 28 million tons and the barley harvest amounted to 9.9 million tons. Aside, 4.3 million tons of soybean were also harvested. Agriculture-related products are now…
Since the beginning of 2016/2017 MY and as of March 22, Ukraine exported 32.13 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, wheat exports totaled 14.29 million tons, barley – 4.73 million tons, and corn – 12.94 million tons. In addition, flour export reached 269.2 thousand tons,…