As of July 4, early grains and pulses were harvested from 576 thousand ha (6% of the intended area) compared with 502 thousand ha as of July 6, 2015. Farmers obtained 2040 KMT with average yields of 3.54 MT/ha. By July 6, 2015 grain harvest had reached 1530 KMT with average productivity of 3.05 MT/ha.…
Tesla Zet company introduces the next generation LEDs with the luminous efficiency of 160 lm/W. It is the most energy-saving form of LEDs for both commercial and domestic use. The competitive advantage of these LEDs is the best in price/quality ratio in the world. LEDs reliability and energy efficiency from the Ukrainian manufacturer Tesla Zet…
The Verkhovna Rada has adopted law No. 2706 on writing off fines imposed on heating and water supply companies due to late payments for gas and electricity. Some 253 deputies voted for the law. The document also suggests the introduction of a moratorium on imposing new fines on heating and water supply companies in the…
National joint-stock company Naftogaz Ukrainy is discussing with the European Bank for Reconstruction and Development (EBRD) the possibility of expanding a credit line with the limit of $300 million raised at the end of 2015 from the bank to buy natural gas in Europe, Naftogaz Ukrainy commercial director Yuriy Vitrenko said. The current credit line…
Russia’s gas producer Gazprom offers a lower price for natural gas supplies to Ukraine than European countries, chief executive officer of Ukraine’s state gas company Naftogaz Ukrainy Andrey Kobolev said. “The price Gazprom is offering ($167.57 per 1 thousand cubic meters) is slightly lower than that of European suppliers”, he said, adding that the gas…
Preliminary data suggests that as of July 1, Ukraine’s international reserves amounted to the equivalent of $13.98 billion. The stock of international reserves keeps increasing for a third consecutive month. In June, international reserves expanded by 3.3% MOM, or by $452 million. In annual terms, international reserves rose by 36.3% YoY. June’s increase in international…
Hearings by the Arbitration Institute of the Stockholm Chamber of Commerce in litigation between national joint-stock company Naftogaz Ukrainy and Russia’s Gazprom over the natural gas supply and transit contracts signed early 2009 will start late September and late November or early December, respectively, Naftogaz Ukrainy board chairman Andriy Kobolev said. He said that the…