The National Bank of Ukraine (NBU) has retained refinancing rate at 14%. The bank has announced its decision to conduct the more moderate monetary policy to curb inflation consequences of the increase of the minimum wage to 3,200 UAH a month. The central bank said that the decision on the size of the discount rate…
Ukrainian producers exported 335,250 tons of sugar worth $166.8 million for the 11 months of 2016. “In January-November Ukrainian producers exported 335,250 tons of sugar worth $166.8 million, having tripled the last year results. This significant growth is primarily reasoned by the favorable situation on the world market, as the devaluation of the national currency…
Ukraine produced 10.8 KMT of mayonnaise in October, up b 1.1 KMT (11%) MoM. At the same time, its production contracted by 0.6 KMT (5.3%) YoY (11.4 KMT). In total, the fat-and-oil industry has produced 99.8 KMT of mayonnaise in 2016 against 100.8 KMT at the same time last year (down by less than 1%).…
The Ukrainian banking sector continues to face challenges in credit growth due to the burden of unresolved problem loans and solvency issues, Fitch Ratings has said in a press release referring to its report “Ukrainian Banks Dashboard 3Q16.” “We expect sector performance to remain under pressure from high provisioning needs, while solvency recovery is likely…
National energy company Ukrenergo has divided power lines for exporting electricity to Europe into separate lots (to export electricity to Hungary, Romania and Slovakia) in line with the sector rules, the press service of Ukrenergo has reported. “The Burshtyn TPP Island (Ukraine) – Hungarian, Slovakian and Romanian power grids mentioned in the letter of the…
Last week Ukrainian market of crude sunflower oil faced the bullish trend, due to a similar price trend on the export market of the product. As of December 8, the bid prices for sunflower oil in Ukraine mainly varied within the range of 21`500-21`800 UAH/ton EXW, up by nearly 200 UAH/ton WoW. (APK-Inform/Business World Magazine)
Due to unfavorable weather conditions during the harvesting campaign of oilseeds in Ukraine in the current year, the average moisture content of sunflower seed varied within the range of 12-20%, and in a few cases it even reached 30%. Of course, agrarians faced additional costs for oilseed drying, so many elevators in Ukraine were almost…