The National Commission for State Regulation of Energy, Housing and Utilities Services (NCER) will reduce the average tariff of Ukrenergo for 2017 by 4.1% compared with the current rate, to 6.054 kopecks per kWh from 6.316 kopecks/kWh (excluding VAT). According to the NCER decision, the Ukrenergo tariff in the first quarter of 2017 will amount…
According to the December balance sheets by NGO “Economic discussion club”, coordinated by the Interdepartmental working group under the Ministry of Economic Development of Ukraine, in September-November the export volumes of sunflower oil from Ukraine totaled 1.33 million tons. The general export volumes of sunflower oil in the current season are forecast at 5.38 million…
National joint-stock company Naftogaz Ukrainy saw a 109-fold rise in net profit (by 25.287 billion UAH) in January-September, to 25.521 billion UAH, according to an audited report posted on the company’s website. “Naftogaz saw 25.5 billion UAH of net profit in January-September, which does not include spending on reserves to cover bad debts in the…
According to the data of the customs statistics, in July-November Ukraine supplied 18.8 million tons of grains to foreign markets, up by 6.8% YoY. In particular, the export volumes of wheat reached 10.4 million tons (up by 14%), barley – 4 million tons (up by 17.5%), corn – 4.3 million tons (down by 8.4%), oats…
Last week’s weather featured low night temperatures (down to -15 degrees C) early in the week with adequate snow cover (up to 10-23 cm), a sharp brief (2 days) rise in average daily temperatures to +5 C in the south with full snow melting, their sharp drop to 2-5 C below zero on December 11-13,…
Ambassadors of the Group of Seven (G7) countries have praised the Ukrainian government’s decision to nationalize PrivatBank and expressed their hope for strengthening the country’s banking sector. “We recognize and applaud the leadership of the governor of the National Bank of Ukraine, the Prime Minister, the Minister of Finance and the President for their continued…
Representatives of political, business and expert circles have discussed the progress of Ukrainian energy reforms, the role of new strategic partnership in this area and priorities for 2017 at an international high-level conference on the new EU-Ukraine strategic partnership in energy and the role of business in this process in Brussels. “Having signed the memorandum…