Ukraine: buckwheat groats output down in 2015

According to the State Statistics Service, in 2015 Ukraine produced slightly more than 347 thousand tons of groats, down by 1% YoY (350 thousand tons). At the same time, some segments demonstrated significant decline of production volumes. In 2015 the production volumes of buckwheat groats decreased by 25%, to 68.3 thousand tons, against 90.9 thousand…

Ukraine: GDP growth forecast for 2017 improved

Ukraine’s GDP growth in 2017 is expected to be 2.9% with inflation of 9% (December on December), according to a consensus forecast published by the Ukrainian Economic Development and Trade Ministry. Experts anticipate that this year the country’s GDP will grow by 1% with 13.1% inflation. The ministry said four months ago the economy restoration…

Ukraine: Energoatom seeking to finance construction of spent nuclear fuel facility via issue of bonds in U.S.

National Nuclear Generating Company Energoatom seeks to finance building of the centralized spent nuclear fuel storage facility via the issue of securities on the U.S. stock market with the help of Bank of America Merrill Lynch. Energoatom announced the start of negotiations with Bank of America Merrill Lynch regarding coordination of due diligence, drafting preliminary…

Ukraine: oilseed crops condition good

Last week the weather was favorable for late crops formation due to lower air temperatures and higher amount of precipitations. Sunflower sown in the optimal and early terms is at the stage of maturation – technical ripeness and at later sown plants – flowering stage. Some regions have started harvesting works. Sunflower condition is mainly…

Ukraine: army receives over 110 weapon units

The Armed Forces of Ukraine received more than 110 weapons and military equipment units and over 10,000 smoke hand grenades and signal sound-and-light mines last week. Spokesman for the Defence Ministry of Ukraine Lieutenant Colonel Oleksiy Chornobai said this at the briefing. “The Armed Forces of Ukraine received motor vehicles, navigation equipment, ground-based radars, and…

Ukraine: winter rapeseed seeding started

According to Ukrainian Agrarian Ministry, share of oilseeds in the total cropping pattern will be increased by 4% YoY. Having finished winter crops harvesting campaign, agrarians of 16 regions have started winter rapeseed sowing for the 2017 crop. As of August 18, nearly 139 thousand ha had been sown with winter rapeseed, or 19% of…

Ukraine: soybean exports to reach a new record

In June soybean exports from Ukraine reached 236.9 KMT against 170.6 KMT in June 2015. During the current season 2015/2016 (September-June) Ukraine supplied 2178.4 KMT of soybean to foreign markets, decreasing the spread lag compared to previous season to 3.7%. Taking into account stable exports during the last four months, it’s very likely that the…

Ukraine: new online tool for investment climate evaluation

Insight into investment climate of the country may considerably improve efficiency of business planning and calculation of project profitability. Consulting agency UkrAgroConsult has created a new tool providing information on capital investments amount by Ukrainian region. Interactive map makes it possible to evaluate the investment amount in a certain region over the past few years.…

Ukraine: Infrastructure ministry to revise all regulatory acts to simplify business development

Ukraine’s Infrastructure Ministry has started the revision of all regulatory acts to see if they comply with the public regulatory policy. The ministry’s press service reported that Deputy Infrastructure Minister Dmytro Romensky gave information on August 19, 2016 at a first meeting of the working group. “According to the order of the first deputy prime…

Ukraine: Nexans starts constructing plant

Ukrainian President Petro Poroshenko took part in the ceremony to mark the start of construction work of a cable plant by France’s Nexans. “Everyone was convincing us that until the war continued no investor would come to Ukraine. We are convincing with our patient labor, creation of investment climate, providing for radical changes and reforms…

Ukraine: UIA commences SMS notification service testing

UIA started testing SMS notification service informing passengers of all scheduled flights on any delays and cancellations. Therefore, the airline clients will be notified of important schedule alterations. Within 48 – 1 hour prior to scheduled departure, passengers who have provided UIA with correct contact details when booking their tickets may receive a notification on…

Ukraine: selling prices of agricultural products up

In January-July the average selling prices of agricultural enterprises for agricultural products increased by 7.9% YoY, the press-service of the State Statistics Service of Ukraine declared. In particular, the average prices for plant growing commodities grew by 19%, and the prices for livestock commodities – by 0.3%. In July the average selling prices for agricultural…