The total net income of the enterprises that are part of Ukroboronprom state concern in 2016 increased by 31.2% YoY, to UAH 28.3 billion, the press service of the state concern has reported. The financial result from operating activities for the year amounted to UAH 2.344 billion. The volume of investments used for production of…
Ukraine and Georgia have agreed on the development of the Baltic Sea – Black Sea – Caspian Sea international transport corridor at the meeting of the joint intergovernmental commission on economic cooperation. Ukraine’s Vice Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsyntsadze announced this at the briefing. “We agreed to continue cooperation on the…
The price of natural gas bought by NJSC Naftogaz Ukrainy from European suppliers, which is to be delivered in May, is $25-30 per 1,000 cubic meters lower than the price stipulated in the contract with Gazprom, Naftogaz Chief Commercial Officer Yuriy Vitrenko said. “We’ve completed buying planned volumes of imported gas in May. It is…
The board of the National Bank of Ukraine (NBU) has decided to reduce the refinancing rate from April 14, to 13% per annum from 14% per annum introduced on October 28, 2016. “The restoration of the mitigation of the monetary policy is in line with the necessity of achieving inflation targets in 2017-2019 and would…
The Delegation of the European Union (EU) to Ukraine has highlighted the importance and urgency of the adoption of the electricity market bill debated in the Verkhovna Rada. “This would be a key step towards a competitive and open electricity market in Ukraine, bringing it closer to the way how the electricity markets operate in…
This year the average salary in Ukraine grew by 35% and the actual incomes of citizens – by 20%, Prime Minister of Ukraine Volodymyr Groysman stated during a meeting of the parliamentary committee on April 12. “This year the average salary grew by 35%, while inflation persisted at moderate rates. The actual incomes grew by…
Ukraine’s Cabinet of Ministers at a meeting on April 12, extended the state of emergency in the electricity market for one more month. Emergency measures in the energy sector, stipulated in government resolution No. 103-r dated February 15, came into effect on February 17, because of the blockade by activists with the support of a…