Rice imports to Ukraine continued shrinking this season. Ukraine imported 14 KMT of rice from July till November 2016/2017, down by 35% YoY. India continues to be Ukraine’s traditional rice supplier, though with noticeably reduced shipments. 5.5 KMT of Indian rice was imported to Ukraine in the period under review against 7.9 KMT in July-November…
DetailsLast year, Ukraine supplied 4.8 million tons of sunflower oil to foreign markets, up by 23% YoY, which became a record, the association of enterprises for vegetable oils and fats production and processing Ukroliyaprom declared. Exports of fat-and-oil commodities in monetary terms reached $4.8 billion against $4.2 billion in the previous year. According to the…
DetailsThe operation results of Astarta agroindustrial holding improved in all business segments in 2016, the company’s press service reported. Astarta’s plants increased sugar production by 42% in 2016/2017 agricultural year (September-August), to 505,000 tons YoY. Gas consumption per ton of sugar beet fell by 4%, to 25,100 cubic meters. In 2016 the company exported a…
DetailsFour international companies are supplying imported gas to Ukraine to sell it to local consumers, Commercial Director of the national joint-stock company Naftogaz Ukrainy Yuriy Vitrenko reported. “These are Hungarian, Swiss, German and French companies,” he said. Vitrenko said that in January these and other importers of natural gas to Ukraine imported less gas than…
DetailsIn January-December 2016 Vladivostok Sea Fishing Port (Vladmorrybport OJSC) handled 327,000 tons of fish cargo (up by 6.3% YoY) Transshipment of containers totaled 142,364 TEUs (+10.3%); metal scrap – 376,700 tons (+30.3%); dry bulk cargo – 926,200 tons (+51.6%). Over the year the port handled 781 vessels (including 210 vessels with fish and supplies) and…
DetailsMoldova has outlines for settling its debt to Russian gas giant Gazprom, but the debt of the breakaway Transdniester republic is a complicated issue, Moldovan President Igor Dodon said. “We have an idea how to end the situation. As of today, the debt of the right bank (of the Dniester River) is about $500 million.…
DetailsS&P Global Ratings assigned its preliminary ‘B’ long-term corporate credit rating to Kernel Holding S.A. (Kernel), a Ukraine-based producer and exporter of sunflower oil and grains. The outlook is stable, S&P said in a press release. S&P assigned its preliminary ‘B’ ratings to Kernel and its proposed U.S. dollar-denominated eurobond. Final ratings will depend on…
DetailsNational joint-stock company Naftogaz Ukrainy has confirmed that it received a $5.3 billion bill from Russia’s Gazprom for gas the company did not order in 2016. Naftogaz does not intend to clear it until Arbitration Institute of the Stockholm Chamber of Commerce issues its final decision, the press service of the company reported. “Gazprom refers…
DetailsBelarus is eager to implement new projects with Austria’s Kronospan Group, Belarusian Prime Minister Andrei Kobyakov said as he met with Kronospan owner Peter Kaindl on January 18. The head of the government noted that Belarus appreciated the contribution of this investor to the development of the Belarusian economy. “We attach great importance to the…
DetailsThe presidential decree “On additional measures for the intensification and expansion of activities of free economic zones” dated October 26, 2016 serves as an important guide to action in creating a more favorable investment climate, expanding privileges and preferences. A single legal regime for free economic zones, unification of tax and customs privileges and preferences,…
DetailsNaftogazvydobuvannya operated by DTEK Naftogaz has commenced drilling a new well at Semirenkivske gas and condensate field. The project will employ new engineering solutions and environmental approaches. The 5,628 m deep well will be slanted, yet the company is going to drill, explore and test it in just 160 days. Naftogazvydobuvannya will use a retrofitted…
DetailsMoney supply in Ukraine in December 2016 increased by 5.4%, to UAH 1.102 trillion, according to preliminary monetary statistics data, posted on the website of the National Bank of Ukraine (NBU). In addition, the amount of cash last month grew by UAH 25.7 billion (8.9%), to UAH 315.175 billion. The annual rise was 11.5%. According…
DetailsThe private enterprise Viktor & K (“Korolivsky Smak” brand) is planning to launch a soybean crushing plant in autumn. The new plant will create some 1,000 jobs. In addition, the construction of purification works and a fully computerized product storage terminal is drawing to an end. About 2,000 persons are currently employed at the enterprise.…
DetailsIn December 2016 the official unemployment rose by 0.2% to 1.5%, the State Statistics Service has said this in a statement. As of January 1, 2017 the State Employment Service registered 390,800 unemployed people. A total of 337,900 unemployed were registered at the State Employment Service as of December 1, 2016. The number of unemployed,…
DetailsProduction of passenger cars in Ukraine in 2016, according to preliminary data from the Ukrautoprom association, decreased by 23.2% YoY, to 4,340 units. The result of the year in the passenger segment was formed by two manufacturers: PJSC Eurocar and Zaporizhia Automobile Building Plant (ZAZ). At the same time, Eurocar increased production of Skoda cars…
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