The private enterprise Viktor & K (“Korolivsky Smak” brand) is planning to launch a soybean crushing plant in autumn. The new plant will create some 1,000 jobs. In addition, the construction of purification works and a fully computerized product storage terminal is drawing to an end. About 2,000 persons are currently employed at the enterprise.…
In December 2016 the official unemployment rose by 0.2% to 1.5%, the State Statistics Service has said this in a statement. As of January 1, 2017 the State Employment Service registered 390,800 unemployed people. A total of 337,900 unemployed were registered at the State Employment Service as of December 1, 2016. The number of unemployed,…
Production of passenger cars in Ukraine in 2016, according to preliminary data from the Ukrautoprom association, decreased by 23.2% YoY, to 4,340 units. The result of the year in the passenger segment was formed by two manufacturers: PJSC Eurocar and Zaporizhia Automobile Building Plant (ZAZ). At the same time, Eurocar increased production of Skoda cars…
Gazprom has billed Naftogaz Ukrainy $5.3 billion for not accepting contracted take-or-pay provisions for gas. If that amount is included in the earlier declared claims in the Stockholm arbitration case, the amount of claims in the case of fulfilling the contract on supplies will grow to $37 billion, which makes up more than half of…
Fitch Ratings has assigned Kernel Holding S.A.’s planned benchmark USD unsecured eurobond an expected rating of ‘B+(EXP)’, Fitch said in a press release. Fitch Ratings has placed Kernel’s Long-Term Local-Currency (LC) and Foreign-Currency (FC) Issuer Default Ratings (IDRs) on Rating Watch Positive (RWP). The final ratings of the bonds are contingent upon receipt of final…
A customs experiment introduced by the government of Ukraine in September 2015 allowed in 2015-2016 to collect an additional UAH 2.8 billion to local budgets for road infrastructure repairs, of which nearly UAH 1.5 billion was spent on road repairs and construction. According to the press service of the State Agency of Automobile Roads of…
Infrastructure Minister of Ukraine Volodymyr Omelian says that more low cost airlines would operate in Ukraine in 2017. “As to the low cost airlines – this year they definitely will operate in Ukraine. This year Wizz Air will perform even more flights than it previously performed. It has significantly expanded routes from Ukraine,” Omelian said.…