The meeting of the Board of the International Monetary Fund (IMF), which will consider granting Ukraine the next tranche under the EFF program, may be held in late January 2017, Finance Minister Oleksandr Danyliuk has said. “Indeed, after the adoption of the budget we got closer to receiving the next tranche. The Cabinet of Ministers…
While sunseed processing and sunoil output in Ukraine show a record fast pace, hitting new highs every month, soybean crushing and soyoil production by oil extractors keep lagging behind last year. Large and medium-sized crushers in Ukraine produced 14.5 KMT of soyoil in November against 15.7 KMT in November 2015. 34.3 KMT of soyoil was…
Nibulon, one of Ukraine’s largest grain production and trading companies, will receive a 71 million euros loan to help improve its infrastructure as part of a 600 million euros loan package announced by the European Investment Bank (EIB) on December 19. The financing will foster a multi-scheme investment at Nibulon focused on creating a more…
Overnight into December 21, the Verkhovna Rada (Parliament) passed the state budget for 2017. Fiscal revenues for 2017 are envisaged at 721.4 billion UAH and expenditures at 790.4 billion UAH. The budget deficit was set at 77.5 billion UAH. The following macroeconomic indicators are proposed for 2017: GDP growth at 3-4%; inflation at 8.1%; forecast…
Ukraine’s crushers have substantially boosted sunoil output this season (2016/2017). Sunoil production has been showing a record fast pace for a third consecutive month now, hitting new highs every month. Ukraine’s large and medium-sized crushers produced unprecedented 529 KMT of sunoil in November compared to 515.7 KMT in October and 353 KMT in November 2015.…
Support of agriculture from the 2017 national budget would be around 5.5 billion UAH, Ukraine’s Agricultural Policy and Food Ministry has reported. “Now farmers will receive subsidies in the amount of 1% of products they make during five years. This is a really historic decision, as Ukraine does not have this model. In 2017 support…
According to the official customs figures, in September-November period of 2016/2017 MY Ukraine imported 81.6 thousand tons of palm oil, up by 67% YoY (48.9 thousand tons). At the same time, PJSC Zaporizhia fat-and-oil complex (up by 27.2 thousand tons, to 39.1 thousand tons) and Delta Wilmar CIS (up by 17.3 thousand tons, to 40.2…