Ukraine: 80% of gasoline imports come from Belarus

Ukraine gets about 80% of its gasoline imports from the Republic of Belarus, followed by Lithuania, Poland and Mediterranean countries, consulting group A-95 Director Serhii Kuiun has stated. “The market of gasoline imports is very diversified. We have 7-8 stable destinations. The largest one is, undoubtedly, Belarus, which covers 80% of import deliveries. Other important…

Ukraine: State Treasury resumes VAT refunding

Ukraine’s State Treasury Service on February 1, resumed VAT refunding. Government resolution No. 26 approving the rules for keeping the register of applications for return of VAT dated January 25, came into effect. “On February 2, treasury agencies provided for executing applications for UAH 2.187 billion that had conclusions from the State Fiscal Service about…

Ukraine: gas consumption down in 2016

In 2016 Ukraine reduced natural gas consumption by 4.1% (by 1.366 billion cubic meters) YoY, to 32.361 billion cubic meters. According to the Ministry of Energy and Coal Industry, in particular, industry consumed 9.599 billion cubic meters (down by 15.9%), households and budget-sustained organizations used 12.457 billion cubic meters (up by 2.3%), heating companies –…

Ukraine: Energy Ministry asking IFIs to support corporate management reform at Ukrenergo

Ukraine’s Energy and Coal Industry Ministry has asked international financial institutions (IFIs) to help reform corporate management at national energy company Ukrenergo, the ministry has reported on its website. “Minister Ihor Nasalyk asked leading IFIs (EBRD, EIB, World Bank) to support changes in the Ukrainian systemic operator Ukrenergo in line with common international standards,” the…

Ukraine: Ukroboronprom boosts arms exports in 2016

Exports of arms and dual- and special-purpose products by state-run Ukroboronprom Concern in 2016 grew by 25% YoY, to $756 million. These figures were announced by Ukroboronprom Deputy Director Denys Hurak at a forum on cooperation between the defense industry and small and medium-sized businesses. The concern’s state-run enterprises concluded contracts on arms exports last…

Ukraine: Turkish Airlines to add three more Kherson-Istanbul flights to summer 2017 schedule

Turkish Airlines will add three more flights on the Istanbul-Kherson route to the summer schedule totaling 10 flights per week. From March 26, flights between Kherson (Ukraine) and Istanbul (Turkey) will be operated in the morning and in the evening. Morning flights will be operated on Mondays, Tuesdays, Wednesdays, Thursdays, Saturdays and Sundays with departure…

Ukraine: Ukrzaliznytsia to focus on corporate reform in 2017

PJSC Ukrzaliznytsia should in 2017 complete the separation of individual directions in the company’s activities, as well as introduce European standards of corporate governance, the head of the company supervisory board, First Deputy Minister of Infrastructure Yevhen Kravtsov said. “In 2016 the company’s management focused on stabilization of management processes in the company. The supervisory…

Ukraine: Boryspil airport fined for abuse of monopoly

Ukraine’s Antimonopoly Committee has fined the Boryspil International Airport (Kyiv) for abuse of monopoly on the specialized airport service market. “We have finished hearing a case about abuse of monopoly by the Boryspil International Airport on the specialized airport service market. We fined the airport UAH 12.78 million,” authorized official of Ukraine’s Antimonopoly Committee Ahiya…