Ukraine uses the potential of organic agricultural production by less than 10%, while this sector is promising for the development of small and medium-sized businesses, Agrarian Policy and Food Minister of Ukraine Taras Kutovyi said. “Ukraine has an extraordinary potential for organic production, which today is used by less than 10% of our capabilities. It…
Public joint-stock company Ukrzaliznytsia seeks to boost capital investment 2.4 times in 2017, to 27.4 billion UAH from 11.2 billion UAH expected in 2016, according to a company presentation shown during the phone conference with investors. According to the document, Ukrzaliznytsia plans to send 46% of funds to purchase property assets, 33% for major construction…
International reserves of the National Bank of Ukraine (NBU) are projected to increase to $17.5 billion by the end of 2016, if Ukraine receives a credit totaling 600 million euros from the European Union and a credit totaling $1.3 billion from the International Monetary Fund (IMF). NBU Governor Valeria Gontareva stated this at a press…
The trade turnover between Ukraine and the EU increased by 6% YoY in January-September 2016 as a result of the Free Trade Area Agreement, which came into effect on January 1, 2016. This is reported by the Economic Development and Trade Ministry of Ukraine on its Facebook page. “The European Union is Ukraine’s main trading…
Astarta exported 115 KMT of soybean crushing products in January-September that is almost 81% of the segment’s sales, the company’s press service reports. Revenues in the soybean crushing segment reached 53 million euro, or 25% of Astarta’s consolidated revenue, up by 36% YoY. In January-September Astarta sold 28 KMT of soybean oil, up by 42%…
The Infrastructure Ministry is in talks with the global operator Hutchison Ports, which is ready to enter one of Ukraine’s biggest ports, Infrastructure Minister Volodymyr Omelyan said. According to him, a bill on concession is being drafted now, which is to become a universal law for all the sectors of this industry. Work has been…
Ukraine from January 1, 2017 will become an official member of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) led by the Organization for Economic Cooperation and Development (OECD). Ukraine’s Finance Ministry reported that Minister Oleksandr Danyliuk on November 22, handed a letter to OECD Secretary-General Angel Gurria. This is the final phase…