Ukraine: Astarta harvesting campaign

Astarta’s subsidiaries are successfully conducting autumn field works on the harvesting of the technical crops and preparation of soils for the following year. As of the middle of September, the company has already harvested 80% of the area under soybean and 40% under sunflower, the harvesting of the corn has just started. The company carries…

Ukraine: IMF approves of third $1 billion tranche

The Executive Board of the International Monetary Fund (IMF) completed the second review of Ukraine’s implementation of an economic program backed by the Extended Fund Facility and approved of the disbursement of a third tranche worth SDR 716.11 million, or about $1 billion, the IMF said in a statement. “This brings total disbursements under the…

Ukraine: Arterium buys Marifarm

Arterium Corporation (Kyiv) has acquired Marifarm pharmaceutical company (Maribor, Slovenia) from Slovenian bank Nova KBM (NKBM). The bank has not disclosed the amount of the transaction. According to unofficial information from Maribor’s local edition Vecer, it is estimated at 6.8 million euro. Arterium and Marifarm intend to jointly explore new possibilities of development of pharmaceutical…

Ukraine: sugar plants produce 94,000 tons of sugar since season start

As of September 15, Ukrainian sugar plants produced 94 thousand tons of sugar, Ukrtsukor National Association of Sugar Producers of Ukraine reports. Currently, 21 sugar plants are running in Vinnytsia, Volyn, Zhytomyr, Kirovohrad, Kyiv, Lviv, Poltava, Ternopil, Kharkiv, Khmelnytskyi and Cherkassy regions. Ukraine’s sugar production output reached 93.8 thousand tons on September 14. A total…

Ukraine: GDP up in Q2 2016

The GDP growth in the second quarter of this year was 1.3%, whereas it amounted to 0.1% in the first quarter. The First Vice Prime Minister, Economic Development and Trade Minister of Ukraine Stepan Kubiv said this at the Cabinet’s meeting. “We saw the growth of GDP by 0.1% in the first quarter of 2016…

Ukraine: economy already started growing

Ukraine’s economy demonstrates a growing dynamics, thereby affording to fill the state budget and to invest in improving the quality of life of the Ukrainian people and citizens. Prime Minister of Ukraine Volodymyr Groysman announced this while opening a government meeting on Wednesday, the press service of the government’s portal reported. “In fact, today we…

Ukraine: investments up in January-July 2016

In January-July the amount of capital investments in Ukraine has grown almost by 10%, Ukrainian First Vice Prime Minister, Economic Development and Trade Minister Stepan Kubiv has said. “In the first six months of 2016, capital investments grew by 10%, actually by 9.6%. The net increase in foreign direct investments was recorded at $2.3 billion…

Ukraine to sign deal with Georgia on arranging direct ferry-railroad services

Ukraine and Georgia have signed an agreement at the governmental level on arranging direct international railroad services through the two countries’ seaports, the Ukrainian Infrastructure Ministry press service reported. The agreement was signed at the International Maritime Forum in Batumi on September 13. “We signed a very important document today, which links Ukraine, Georgia, Kazakhstan…

Ukraine: winter rapeseed sown

During the first ten days of September weather was rather unfavorable for preparation of soil to start the winter rapeseed sowing. The reason was higher average daily temperature, which exceeded the norm by 1.1-6 C, contributing to soil evaporation, and lack of precipitations. Sufficient moistening of upper soil layer (21-30 mm) was observed only in…

Ukraine: 4% of soybeans harvested

Ukrainian farmers continue to harvest sunflower. As of September 7, 599 thousand ha or 10% of the intended area (5905 thousand ha) was threshed, up by 27% YoY (472 thousand ha). 1170 KMT of sunflower was obtained with the average yield of 1.95 MT/ha. In 2015 over the same period 913 KMT of sunflower was…

Ukraine: exports of corn and barley to go up

Analysts of APK-Inform Agency have increased the forecast of corn exports from Ukraine in 2016/2017 MY to 17.7 million tons, up by 6% YoY.

Barley supplies to foreign markets will grow to 5 million tons (up by 13.3%). (APK-Inform/Business World Magazine)

Ukraine: Antonov to ensure full import substitution of Russian components in new aircraft

Antonov state enterprise (Kyiv) intends in 2017 to provide 100% import substitution of Russian materials and components in the new generation Antonov airplanes promoted to the market, the press service of the company said, with reference to Antonov President Oleksandr Kotsiuba. “We plan next year to complete the program of import substitution of Russian components,…

Ukraine to discuss cargo tariffs with Azerbaijan and Georgia

The management of “Ukrainian Railways” intends to discuss with colleagues from Georgia and Azerbaijan cargo tariffs through the territory of countries in the framework of the project “Silk Road”, Ukraine’s Infrastructure Minister Vladimir Omelyan said. Ukraine launched the first experimental train from Ilyichivsk on January 15, to China, which was to run through Georgia, Azerbaijan…