Ukraine: winter crops need more warmth

According to observations, winter wheat, sown as of October 10, emerged unevenly for the 15-17 day after the sowing. Thus, there is a possibility that warmth will not be enough for winter crops and vegetation will stop in the poorly developed condition “emergence – 3 leaves”. Last year winter crops stopped to vegetate on December…

Ukraine: seaports grain exports down in late October 2016

On October 24-30, Ukraine exported 851.5 thousand tons of grains from the seaports, against 1 million tons on the previous week.

In particular, wheat shipments reached 426 thousand tons, barley – 124.7 thousand tons, and corn – 300.8 thousand tons. (APK-Inform/Business World Magazine)

Ukraine: IMF mission to arrive in November 2016

A mission of the International Monetary Fund (IMF) will arrive in Ukraine in early November, Governor of the National Bank of Ukraine (NBU) Valeriya Gontareva said.

The arrival of the IMF mission to Ukraine under the Extended Fund Facility (EFF) program had originally been expected on October 26. (Interfax/Business World Magazine)

Ukraine: minimum wage to grow from January 1, 2017

Ukrainian President Petro Poroshenko, the government and parliamentary coalition factions have decided to raise the minimum wage in Ukraine from January 1, 2017 to 3,200 UAH, the Ukrainian president said after talks with Ukrainian Prime Minister Volodymyr Groysman. “Starting from January 1, 2017, there will be no employed people in Ukraine who earn less than…

Ukraine: NBU cuts refinancing rate

The National Bank of Ukraine (NBU) from October 28, cuts refinancing rate from 15% to 14%. The central bank said in a press release that the decision on the size of the refinancing rate was approved by its board on October 27. “The further relaxation of the monetary policy is linked to the reduction of…