Ukraine’s Cabinet of Ministers has proposed retaining expense expenditures for 2018 at 5% of GDP, according to the draft bill “Budget policy basics for 2018-2020 (Budget Resolution).” “The priority is supporting defense and security: expenditures for this sphere for 2018 will be at 5% of GDP,” Finance Minister Oleksandr Danyliuk said, presenting the resolution. “Within…
Ukraine’s state-owned enterprise Antonov will take part in the 52nd International Paris Air Show to be held at the Le Bourget Parc des Expositions on June 19-25, according to the company’s post on Facebook. The company noted that An-132D, being a prototype of An-132 multi-purpose transport aircraft, would be presented on the international level for…
Ukrainian Nuclear power plants produced 224.87 million kWh of electricity on June 12, the press-service of Ukraine’s State Enterprise “National Nuclear Energy Generating Company Energoatom” reports. On June 13, 12 out of 15 power units were functioning at the Ukrainian power plants. It is the 118th day of the average planned repair at power unit…
The Ukrainian Institute for the Future at the request of the Ministry of Economic Development and Trade of Ukraine has prepared proposals for the priority action plan for industrial development in Ukraine based on the analysis of the state of the six key industries (mining, metallurgical, chemical and petrochemical, food industry, electric power engineering, machine…
Ukraine’s petrochemical plant Karpatnaftokhim has resumed operations after five years of downtime, according to the company’s press service. In late April, the Cabinet of Ministers adopted a resolution that determined the plant’s annual quotas for raw materials exports exempt from excise duty, that is 1.07 billion liters of liquefied gas, 1.17 billion liters of straight-run…
The law on the electricity market came into force on June 11 after its official publication in the Uriadovy Kurier newspaper. As reported, Ukrainian president Petro Poroshenko signed the law on the electricity market on June 8. Rada adopted draft law No. 4493 on the electricity market of Ukraine at first reading on September 22,…
Some $25.47 million has been withdrawn from Bank National Credit in favor of insiders, the Individuals’ Deposit Guarantee Fund reported on its website. “The amount equivalent to a quarter of the balance sheet of PJSC Bank National Credit has been debited from the correspondent account of Bank Frick and Co Aktiengesellschaft (Liechtenstein) in favor of…