Ukraine: NBU supports development of financial technology

The National Bank of Ukraine is interested in further development of high-tech financial market in Ukraine, as it will positively influence the implementation of Cashless Economy project. That was reported by Serhii Shatskyi, Director of Payment Systems and Innovative Development Department. “NBU is committed to assist the Ukrainian payment market to become mainly cashless; for…

Ukraine: flaxseed exports up in 2015-2016

According to the official statistics figures, in 2015/2016 MY (September-August) Ukraine exported nearly 42 thousand tons of flaxseed, up by 65% YoY (25.4 thousand tons), which became the maximum index for nine recent seasons. In 2015/2016 MY, Vietnam (51%), Egypt (13%) and Turkey (9%) became the largest importers of Ukrainian flaxseed. In 2014/2015 MY the…

Ukraine: wheat to be exported to Egypt

In the first 10 days of September agrarian market was shocked with the information that Egypt would refuse imports of Ukrainian wheat. The news had evoked such a massive outcry that not only traders and analytical agencies were provoked to react, but official bodies as well. The news that Russia and Ukraine were enrolled on…

Ukraine: farmers have no money for sowing

Winter crops sowing has begun in Ukraine. Agricultural enterprises plan to seed winter crops on 8098 thousand ha, including 7374 thousand ha with grain crops. Thus, sowing plans are very similar to last year’s in almost all parameters. The question, whether farmers will realize their intention, is open. UkrAgroConsult believes that one of the important…

Ukraine: winter crops sowing delayed

Productive precipitations were absent in the major part of the country. Only in Volyn, Ivano-Frankovsk and Lvov regions their quantity varied from 17% to 64% of the 10-day norm (3-16 mm), in Transcarpathia region – 159% (35 mm). As a consequence of high temperatures and lack of rains, conditions for soil moisture accumulation were close…