The “Zorya-Mashproekt” Gas Turbine Research and Production Complex has successfully tested a new 32 MW turbine, which has no analogues in the world, President of Ukraine Petro Poroshenko said to the staff of the complex within the framework of his working trip to Mykolayiv region. “Today the first tests of the new 32 MW turbine,…
Ukraine’s Infrastructure Minister Volodymyr Omelyan says interim or major overhauls of roads in Ukraine cost about UAH 10 million ($358,551) per kilometer. “Some 4,000 kilometers of roads have been repaired this year. This is a large figure. Interim or major overhauls of roads in Ukraine cost about UAH 10 million per kilometer, which is a…
Ukrainian President Petro Poroshenko has announced that the country’s defense industry has virtually gotten rid of dependence on the supply of components from Russia. “The defense industry’s efforts are now focused on the production of high-tech modern weapons, which fully meet world standards, and on the modernization of the existing types of armament,” he said…
Ukraine’s large- and medium-sized enterprises saw pre-tax profit grow by 1.9% YoY in the first half of 2018, to UAH 189.781 billion ($6.8 billion); their pre-tax profit in the first half of 2017 was UAH 186.259 billion ($6.69 billion). Profitable enterprises’ results grew by 7.3%, to UAH 289.737 billion ($10.4 billion), while unprofitable ones posted…
NJSC Naftogaz of Ukraine has not been buying natural gas under a contract with Russia’s PJSC Gazprom for 1,000 days, since November 26, 2015, importing gas from the West. As reported, inconsistent prices were behind Ukraine’s refusal to buy gas on its eastern border at the end of 2015. Late in December 2017 the Arbitration…
In the first quarter of 2018 the level of shadow economy in Ukraine amounted to 33% of GDP, falling by 4% compared to the first quarter of last year. The de-shadowing of the economy became possible due to the preservation of macroeconomic stability and positive economic trends under the implementation of policies aimed at expanding…
The Ukrainian Deposit Guarantee Fund this week intends to sell assets of insolvent banks for the total amount of UAH 6.785 billion, the fund’s press service reports. “The assets of insolvent banks for the sum of UAH 6,784.53 million will be put up for sale this week,” reads the report. According to the Deposit Guarantee…