Naftogaz Ukrainy from July 1 will reduce the price of gas for industrial consumers (prepayment basis) by 3% (by UAH 222), to UAH 7,208 per 1,000 cubic meters (including VAT). According to a company press release, this price is relevant for consumers purchasing gas in the amount of more than 50,000 cubic meters per month…
Last year, the trade turnover between Ukraine and Hungary grew after the fall in 2015 and amounted to $3 billion, Hungarian Extraordinary and Plenipotentiary Ambassador to Ukraine Erno Keskeny said during a roundtable in Kyiv on the topic “The Hungarian factor in domestic policy of Ukraine”. “We have a high trade turnover. Of course, it…
Ukraine’s gross domestic product (GDP) in the first quarter of 2017 increased by 2.5% YoY, according to the Ukrainian State Statistics Service’s updated assessment. The agency earlier published its preliminary assessment on May 15, where it estimated GDP growth in the first three months of 2017 at 2.4%, which was 0.1% down on the new…
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…