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…
The government of Ukraine intends to offer the Moldovan side soon to sign an intergovernmental agreement and begin the construction of a bridge across the Dniester River, Ukrainian Deputy Prime Minister Volodymyr Kystion said after a meeting on this issue, which took place in Kyiv with the participation of central and local executive authorities, according…
A pilot batch of the unguided 80 mm aircraft missile Oskol has been tested in Ukraine. “The RS-80 Oskol missile is our own product, completely developed and manufactured in Ukraine, including all its components,” Ukrainian Military TV’s Oleksandr Shtupun wrote on Facebook. The brigade of Chernihiv-based State Research Institute for Testing and Certification of Arms…