Ukraine: economy to grow in 2018

International Monetary Fund (IMF) Resident Representative in Ukraine Goesta Ljungman says the IMF estimates the growth of Ukraine’s economy in 2017 at 2% and forecasts an increase by 3-3.5% in 2018. Ljungman said that there was a definite resumption of economic growth. “Last year it was 2%. In 2018 it will increase by about 3-3.5%,”…

Ukraine: new car sales up in January 2018

The sales of new cars in Ukraine in January increased by 40.6% YoY, to 6,620 units, which was a new post-crisis record for this month, according to AUTO-Consulting. According to analysts, such a rapid increase in sales was due to the exchange rate “fever”, which forced consumers to make faster decisions about the purchase of…

Ukraine: ZTR to supply six transformers to Georgia

The private joint-stock company Zaporizhtransformator (ZTR) has signed three contracts to supply six transformers to committed partners in Georgia, ZTR has reported on its website. The contracts, the cost of which is not disclosed, envisage the delivery of two 40 MVA/110 kV transformers for the Vartsikhe cascade of hydroelectric power plants and two similar transformers…

Ukraine: wage arrears up in 2017

The total amount of wage arrears in Ukraine in 2017 increased by 32.2%, while in December 2017 they fell by 8.3% and as of January 1, 2018 amounted to UAH 2.368 billion, the State Statistics Service has said. According to its data, in December 2017 wage arrears at economically active enterprises decreased by 12.7% and…

Ukraine: peas exports to set record

In the current season Ukraine harvested more than 1 million tons of peas, and its export would reach the level of 500-600 thousand tons, which would become a record, the Ukrainian electronic grain exchange GrainTrade reported. During 5 months of the season-2017-2018 the exports of Ukrainian peas increased by 77% YoY, to 475.1 thousand tons,…

Ukraine: Antonov Airlines opens office in Houston

Antonov Airlines has opened its office in Houston, Texas, the United States, the company has reported in its official blog. “Antonov Airlines, which has recently established a USA base in Houston, Texas, as part of ongoing global expansion, has transported an outsized communications satellite for Orbital ATK,” reads the report. It notes that one of…

Ukraine: industrial production down in 2017

Industrial production in Ukraine in 2017 decreased by 0.1% compared to 2016, and in December 2017 it dropped by 0.5%, the State Statistics Service said. The authority said that with the adjustment to the effect of calendar days industrial production in December 2017 increased by 0.4% YoY. In comparison with the previous month in December…

Ukraine: trade with Germany up in 2017

Mutual trade between Ukraine and Germany in 2017 grew by 21.5% YoY, the press service of the Cabinet of Ministers of Ukraine has reported after a meeting of Ukrainian Prime Minister Volodymyr Groysman with representatives of leading German companies operating in Ukraine. “Last year the volume of mutual trade grew by 21.5%, and trade focus…

Ukraine: banks close over 800 branches in 2017

Ukrainian banks in 2017 reduced the number of their operating structural units by 827, to 9,489 branches as of January 1, 2018, according to the National Bank of Ukraine (NBU) website. In particular, the state-run Oschadbank closed the largest number of branches in 2017, namely 443 units, while UkrSibbank shut down 53 units, Pravex-Bank 45…