Ukraine to launch ferry services with Greece

The first technical expert meeting related to developing relations between Ukraine and the Hellenic Republic in the marine industry has been held in Athens, where the parties defined the specific areas of cooperation, the Ukrainian Sea Ports Authority (USPA) reports. “On September 13-14, the meeting was held in the Greek Shipping and Island Policy Ministry…

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: seaports grain exports down in September 2016

On September 12-18, Ukraine exported 596.1 thousand tons of grains from the seaports, against 819.7 thousand tons in the previous week.

In particular, wheat shipments reached 480.8 thousand tons, barley – 104.5 thousand tons, and corn – 10.8 thousand tons. (APK-Inform/Business World Magazine)

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…

Ukraine: agricultural output up in January-August 2016

In January-August the production volumes of agricultural commodities in Ukraine increased by 1% YoY at the expense of rising production volumes of plant growing commodities, the State Statistics Service of Ukraine announced. In particular, the production of plant growing products grew by 1.7%, while livestock products output was down by 2.4%. According to the statistics…

Ukraine: UIA launches Lviv-Vilnius flight

On September 16, Ukraine International Airlines (UIA, Kyiv) serviced its first direct regular flight between Vilnius and Lviv. The press service of the airline reported that new flights connecting Lviv and Vilnius would be serviced twice a week using Boeing-737 and Embraer-190 planes with business and economy classes. Until October 12, UIA offers tickets from…

Ukraine: 8.5 million tons of grains exported

Since the beginning of 2016/2017 MY, Ukraine exported 8.51 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, wheat exports totaled 5.1 million tons, corn – 583 thousand tons, and barley – 2.78 million tons. Also, flour exports reached 64.4 thousand tons. According to the announcement, nearly 435…

Ukraine: farmers called to export lentil to India

Indian Ambassador to Ukraine Manoj Kumar Bharti has called on Ukrainian farmers to export lentil to India. “In 2015, Canada exported 500,000 tons of lentil to India. If Canada can export lentil, why doesn’t Ukraine export it?” he said at a roundtable in the Ukrainian parliament in Kyiv. “India’s population is mainly vegetarians, and lentil…

Ukraine: UIA commences testing SMS notification service

UIA started testing SMS notification service informing passengers of all scheduled flights on any delays and cancellations. Therefore, the airline’s clients will be notified of important schedule alterations. Within 48 – 1 hour prior to scheduled departure, passengers who provided UIA with correct contact details when booking their tickets might receive a notification on cancellation…

Ukraine: 90% of produced sunflower oil exported

Almost complete export orientation is the unique feature of the Ukrainian market of sunflower oil, the general director of the Association Ukroliyaprom Stepan Kapshuk reported. Ukraine consumes no more than 10% of the produced sunflower oil, and exports 90% of the remaining volumes. Any export limitations on sunflower oil will cause destabilization of not only…

Ukraine: planted areas of high-oleic sunflower seed up

During several recent years, the Ukrainian market of high-oleic sunflower seed demonstrated the positive dynamics of development, with annually increasing the planted areas under the oilseed, and its share in the general planted areas of all types of sunflower seed, the oilseed analyst at APK-Inform Agency Julia Ivanitskaya declared. According to APK-Inform estimations, in 2016/2017…

Ukraine: Astarta harvesting campaign

Astarta’s subsidiaries are successfully conducting autumn field works on the harvesting of the technical crops and preparation of soils for the following year. As of the middle of September, the company has already harvested 80% of the area under soybean and 40% under sunflower, the harvesting of the corn has just started. The company carries…

Ukraine: IMF approves of third $1 billion tranche

The Executive Board of the International Monetary Fund (IMF) completed the second review of Ukraine’s implementation of an economic program backed by the Extended Fund Facility and approved of the disbursement of a third tranche worth SDR 716.11 million, or about $1 billion, the IMF said in a statement. “This brings total disbursements under the…

Ukraine: Arterium buys Marifarm

Arterium Corporation (Kyiv) has acquired Marifarm pharmaceutical company (Maribor, Slovenia) from Slovenian bank Nova KBM (NKBM). The bank has not disclosed the amount of the transaction. According to unofficial information from Maribor’s local edition Vecer, it is estimated at 6.8 million euro. Arterium and Marifarm intend to jointly explore new possibilities of development of pharmaceutical…

Ukraine: sugar plants produce 94,000 tons of sugar since season start

As of September 15, Ukrainian sugar plants produced 94 thousand tons of sugar, Ukrtsukor National Association of Sugar Producers of Ukraine reports. Currently, 21 sugar plants are running in Vinnytsia, Volyn, Zhytomyr, Kirovohrad, Kyiv, Lviv, Poltava, Ternopil, Kharkiv, Khmelnytskyi and Cherkassy regions. Ukraine’s sugar production output reached 93.8 thousand tons on September 14. A total…