The National Bank of Ukraine (NBU) hopes to cut cash from 14.3% in 2015 to 9.5% of GDP in 2020, NBU Governor Valeriya Gontareva has said. “We set the introduction of cashless payments as a top priority task. We believe that this is one of the key strategic directions for developing the Ukrainian banking system.…
From the start of the 2016/2017 season Allseeds has been steadily increasing the volumes of sunflower seeds processed at its oil-extracting plant in Yuzhny. As of the end of October, net volume of seeds processed amounted to 120 thousand tons, with 110 thousand tons seeds of the new harvest. In September 79% of the plant…
Ukraine and Slovenia have agreed to resume direct flights between Kyiv and Ljubljana, Ukrainian President Petro Poroshenko has said. “Discussing cooperation in the field of transport, we’ve agreed to resume direct flights between Kyiv and Ljubljana”, he reported after talks with Slovenian President Borut Pahor. The Ukrainian president said this would contribute to deepening cooperation…
CHS Ukraine plans in 2017 for the first time to import carbamide in the amount of 200,000 tons. “We’re trying to trade in fertilizers. In spring we would like to purchase 200,000 tons of carbamide”, company CEO Viacheslav Kolosvetov reported. According to him, the matter concerns possible cooperation with Russia’s Uralchem. Kolosvetov added large agricultural…
Ukrainian 2016/2017 grain exports could be 7 million tons lower than originally expected due to logistical difficulties and some companies have already redirected shipments from Ukraine to other countries, traders said. Ukraine had planned to ship abroad around 41 million tons of grain in the 2016/2017 July-June season versus around 39 million tons a season…
China has proposed to establish Ukrainian-Chinese free trade area. Chinese Ambassador to Ukraine Du Wei said this during an opening ceremony of Ukraine Silk Road International Forum held in Kyiv. “The Chinese side has proposed to create the Russian-Chinese free trade zone. We hope to intensify a research on this issue with the Ukrainian side”,…
This season wheat quality issues are particularly acute. An increase in feed grain supply from the Black Sea countries is a characteristic feature of the current season. The growth of milling wheat share in Ukraine will be offset by increased feed wheat production in Russia and Kazakhstan. Traditionally, Kazakhstan produces grain of highest quality compared…