Ukraine: UIA offers new pre-ordered meal options

On October 3, Ukraine International Airlines offered Economy Class passengers traveling on UIA short and medium-haul flights the new pre-ordered meal menu. To pre-order an onboard meal, a passenger should visit the UIA website, click the pre-ordered meals link, submit information on the flight date and route, and choose the preferred meal options out of…

Ukraine: IMF forecasts GDP growth in 2017

The International Monetary Fund (IMF) forecasts Ukraine’s GDP at the level of 2.5% in 2017, according to the IMF’s World Economic Outlook. In particular, according to the table with data on CIS countries, Ukraine’s real GDP totaled minus 9.9% in 2015, while in 2016 it is estimated at 1.5%, and is projected at 2.5% in…

Ukraine: Yuzgas to disclose beneficiaries after contract on Yuzivska field agreed with government

Yuzgas B.V. (the Netherlands) and its parent company, Emerstone Energy investment fund (Luxembourg), will consider the disclosure of their ultimate beneficiaries after they agree on the main provisions of the agreement on Yuzivska deposit with the government of Ukraine, reads a letter to Ukraine’s Energy and Coal Industry Minister Ihor Nasalyk, promulgated by MP Viktoria…

Ukraine: oilseed sector needs national brand

Ukraine, as well as the whole world, has faced unprecedented economic challenges. Unfortunately, the global economy still feels the effect of 2008 economic crisis, which means new challenges, both for domestic agricultural sector, and for oil and fat business in particular. It’s no secret that Ukraine mainly operates in raw materials markets. A 50% and…

Ukraine: rye and rye flour imports up

Rye production is steadily declining in Ukraine. If earlier Ukraine was an exporter of rye, before 2014 Ukrainian rye harvest was just enough for domestic consumption only. Over the last two seasons a new trend has emerged – both rye and rye flour imports are growing. The need to import one of Ukrainian traditional grain…

Ukraine: state to support pharmaceutical producers

The state could support Ukrainian pharmaceutical manufacturers by creating equally competitive conditions with foreign manufacturers, Deputy Health Minister Roman Ilyk has said. “There is no secret that in other countries the state supports pharmaceutical manufacturers, directly investing funds and making orders. There is no such possibility in Ukraine. We can create equally competitive conditions so…

Ukraine: IT service market to double

The Ukrainian IT service market by 2020 could expand to $5.7 billion from $2.7 billion in 2015 if the tax burden for the sector grows no more than 1% a year, according to a study of PricewaterhouseCoopers (PwC) conducted under order of the European Business Association (EBA). According to the study, the results could be…

Ukraine: in 2016/2017 peas exports to reach record levels

Due to significant increasing of peas production in Ukraine in the current season, the exports of peas in 2016/2017 MY will reach the record level – 450 thousand tons.

That is almost twice as much as last year. (APK-Inform/Business World Magazine)

Ukraine: wheat prices strengthen

The downward trend in Ukrainian export market changed to some price growth. Last week wheat export prices strengthened. The prices for 2nd grade wheat (12.5% protein) grew by $1 to $168-170/MT FOB, while 3rd grade wheat prices (11.5% protein) reached $161-164/MT FOB for October delivery. Some recovery of importers’ demand for October-November was observed on…

Ukraine: broiler production hits record heights

Ukrainian broiler meat production is growing even faster than thought, thanks to record exports and steady consumer demand, US officials said. The improving economic situation in Ukraine is allowing producer to up their output, and the bumper grain harvest this year will help margins next year, the US Department of Agriculture’s Kiev bureau said. The…