Ukraine: Yuzhnoye Design Office looses $800 million following Brazil’s contract termination

Losses bourn by Ukraine because of the unilateral termination of the Cyclone-4 contract by Brazil can reach about $800 million, the press service of Yuzhnoye State Design Office has said. “According to preliminary estimates, Yuzhnoye Design Office losses could amount to roughly $800 million because of the unilateral contract termination by Brazil”, the report has…

Ukraine: new record in grain exports set

According to the Ukrainian AgMin, new record was set in grain exports, which exceeded the previous volume by 5 MMT. Preliminary estimates of 2015/2016 total exports are 39.415 MMT. This includes 17.354 MMT of wheat, 17.396 MMT of corn, 4.409 MMT of barley and 256 KMT of other grain crops. In 2014/2015 34.805 MMT of…

Ukraine: grain crops condition

Weather conditions were favorable for winter and spring grain crop development in May-July. During the first week of July soil moisture reserves were satisfactory except for Western regions. Last week was rather hot with minor precipitations. Currently, a dry weather phenomenon is observed in some Southern, Eastern and Western regions. Early spring crops are at…

Ukraine: FUIB starts paying Mykhailivskyi clients

Starting with July 15, PJSC “FUIB” begins to disburse the guaranteed amounts of deposits to the customers of PJSC “Bank “Mykhailivskyi”, that is, to individuals whose funds are subject to compensation by the Private Deposit Guarantee Fund. PJSC “FUIB” disburses funds to depositors who, when concluding bank deposit/account agreement with PJSC “Bank “Mykhailivskyi”, had their…

Ukraine: first AN-132 to hit the skies in autumn

SE “Antonov” plans to manufacture the first demonstrator An-132 in record time: this fall the aircraft may hit the skies. This was stated by the UkrOboronProm Director General Roman Romanov at the meeting with foreign media at the international aerospace salon “Farnborough Air Show-2016” in the suburbs of London. “AN-132D is the first global project…

Ukraine: 1.4 million tons of grains harvested

As of July 1, Ukrainian agrarians produced 1.4 million tons of grains and pulses (in bunker weight), an increase of 63.6% compared with the last year index on the same date, declared the State Statistics Service of Ukraine on July 15. In particular, agrarians harvested the largest grain volumes in Mykolaiv, Odessa and Kherson regions.…

Ukraine: gas imports from Hungary up

Ukraine has increased gas imports from Hungary by 60%, to 1.6 million cubic meters per day, according to Ukraine’s gas transmission system operator Ukrtransgaz.

Ukraine will be able to use money allocated by the European Bank for Reconstruction and Development (EBRD) to purchase gas starting from July 20. (Ukrinform/Business World Magazine)

Ukraine: UkrOboronProm provides work for 300 enterprises

SC “UkrOboronProm” encourages development of engineering industry enterprises in Ukraine. In the first half of 2016, the number of working plants in this sector increased rapidly, as the State Concern attracted 296 domestic enterprises to import substitution program fulfillment. This is the result of the Memorandums of Cooperation signed by UkrOboronProm and Regional State Administrations.…

Ukraine and Azerbaijan agree to resume Odessa-Brody pipeline project

Presidents of Azerbaijan and Ukraine Ilkham Aliyev and Pyotr Poroshenko have discussed potential resumption of works within the Odessa-Brody pipeline project, Aliyev said at a joint press conference with Poroshenko. “We’ve discussed the Odessa-Brody project and gave instructions to resume the project”, he said, adding that the project “is creating good opportunities.” The Odessa-Brody pipeline…