Ukraine: trade with Germany up in 2017

In 2017 a bilateral trade between Ukraine and Germany increased by almost 23% YoY, Ukrainian President Petro Poroshenko said after a meeting with German President Frank-Walter Steinmeier, the press service of the head of the Ukrainian state informed. The head of the Ukrainian state stressed: “I can say that we’ve worked well in the economy.…

Ukraine: sugar confectionery production down in January-April 2018

In January-April Ukrainian sugar confectionery production totaled 22 thousand tons, down by 3.1% YoY, the State Statistics Service of Ukraine reported.

According to the data, in April 5.5 thousand tons of sugar confectionery products were produced, down by 10.8% MoM and by 2.3% YoY. (UkrAgroConsult/Business World Magazine)

Ukraine: economy to reach pre-crisis level in 2021

Ukraine’s economy will manage to reach its pre-crisis level in 2021 if the GDP grows by 3-4% annually, First Vice Prime Minister – Economic Development and Trade Minister of Ukraine Stepan Kubiv said at the meeting of the National Investment Council. “The forecast for Ukrainian economy growth for 2018-2019 remains positive. According to the government’s…

Ukraine: flour exports volumes to drop

In April Ukraine supplied 24.9 thousand tons of flour to foreign markets, which became the minimum monthly value in 2017-2018 MY, as well as down by 9% YoY (27.4 thousand tons). Decreasing of the interest in Ukrainian flour from its key consumer – North Korea, which did not received the supplies in March and April,…

Ukraine: railway line from Kyiv to Boryspil Airport to be constructed by December 2018

The railway line connecting Kyiv’s central train station with Boryspil Airport will have been constructed by December 1, Acting Board Chairman of PJSC Ukrzaliznytsia Yevhen Kravtsov stated at a meeting with Prime Minister Volodymyr Groysman, the government’s press service reports. “The object will be commissioned by December 1. The construction has been launched. We’re negotiating…

Ukraine: SkyUp gets right to perform flights

The new Ukrainian low-cost airline SkyUp Airlines has received an air operator certificate that gives it the right to perform flights, the company’s press service has reported. During the first stage, SkyUp will use two 189-seat Boeing 737-800s produced in 2013 that had previously been used by Malaysia Airlines. Now these aircraft are being repainted…

Ukraine: Aslund hailing economic growth

Atlantic Council analyst Anders Aslund has welcomed data on economic growth in Ukraine published by the State Statistics Service of Ukraine on May 15, according to the Ukrainian service of the Voice of America. “Ukraine: finally some good economic news. Gross domestic product rose a preliminary 3.1% YoY in Q1 after growing only 2.2% in…

Ukraine: palm oil use to be banned

The Verkhovna Rada, Ukraine’s parliament, has adopted at the first reading a bill introducing amendments to some laws of Ukraine regarding the ban on the use of palm oil in food production. A total of 233 MPs voted for the approval of the respective draft law, No. 3871, at the first reading. “The purpose of…