The Individuals’ Deposit Guarantee Fund on the basis of the decision of the National Bank of Ukraine (NBU) dated April 7, on declaring Finbank (Odessa) insolvent on April 10, introduced temporary administration in the financial institution for one month, the fund said on its website. Viktoria Stepanets has been appointed temporary administrator of the bank.…
Ukraine exported roughly 33.1 MMT of grains in the 2016/2017 season as of March 28, up by 9% YoY (30.3 MMT). The exports included 14.5 MMT of wheat (12.8 MMT in MY 2015/2016), 13.6 MMT of corn (13.3 MMT) and about 4.78 MMT of barley (4 MMT). In addition, 271.6 KMT of flour was shipped…
Residents of Ternopil region in western Ukraine are actively choosing solar energy as an alternative to natural gas. Over the past year, 120 private solar power plants started to operate in the region, First Deputy Chairman of the Ternopil Regional State Administration Ivan Krysak said. “Ternopil region occupies the second position in Ukraine in terms…
Astarta agroindustrial complex, a large sugar producer in Ukraine, saw a 5.2-fold rise in net profit in 2016, reaching EUR 83 million. According to a financial report of the holding posted on the Warsaw Stock Exchange (WSE), its consolidated revenue last year rose by 17%, to EUR 369 million. Operating profit grew by almost 15.2%,…
The National Commission for State Regulation of Energy and Public Utilities has developed a draft law on returning of all gas distributing networks to state ownership, Chairman of the National Commission Dmytro Vovk stated at a commission’s meeting on April 10. “The issue of ownership of gas distributing networks lies beyond the scope of the…
Corn plantings in Ukraine may total 4.3 million ha in 2017. Corn was the most remunerative staple cereal crop in 2016, keeping farmers interested in its cultivation. However, the spring weather conditions cause some concerns about attainability of the target sown area. As of April 6, Ukraine has not yet started corn sowing. At the…
Atlasjet Ukraine airline (the Atlasglobal brand) plans to return to its development plan and investment by the parent company if there is a chance of basing its planes in Kyiv and Odessa thanks to being assigned to the flights to these cities, Atlasjet Ukraine Executive Director Ovunc Horasans has said. “In 2014, we had concrete…