On August 5, authorized representatives of Ukraine and Indonesia signed a memorandum on cooperation between the agricultural ministries of the two countries. At this stage, a free trade zone is being discussed. Mutual interest in cooperation is expected to trigger increase in export-import flows of crop products. In this segment Asian countries are traditionally considered…Details
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In 2015/2016 Ukraine exported 344.2 KMT of flour, up by 32% YoY. China remained the key market for Ukrainian flour. In 2015/2016 Ukraine increased exports to China by 35%, to 83.3 KMT. Higher volumes were purchased by Indonesia, Palestine, Panama and Moldova. In 2015/2016 Ukrainian exporters opened such markets as Libya and Angola. Decrease in…Details
In 2016 the general harvest of grains in Ukraine will reach 63 million tons, up by 5% YoY, the deputy director of the department of farming and technical policy in the agro-industrial complex at the Ministry of Agrarian Policy and Food Leonid Suhomlyn declared. He noted that the harvesting campaign of early grains and pulses…Details
In the first half of this year Zorya-Mashproekt released and sold turbines from the entire product range: marine propulsion installations, gas pumping units, and gas turbine generators. The installations for marine application have become the key segment of Zorya-Mashproekt’s production. Navy turbine share is over 80% of the total sales volume. As before, the largest…Details
First Ukrainian International Bank (FUIB) is in the TOP-10 in a number of nominations of the rating of the most reliable banks of Ukraine in 2016, prepared by the insurance portal Forinshurer. FUIB has occupied the 5th place in the nomination “Deposits of Individuals” and the 8th place in the nomination “Deposits of Legal Entities”.…Details
On August 16, the largest fixed Internet and telephony operator Ukrtelecom has announced the launch of technical modernisation in Zaporozhye. The company plans to install 390 new distribution cabinets in the city, replacing 92 obsolete automatic telephone exchanges of 1960-1990s. One of such automatic telephone exchanges located at Motostroiteley prospect was commissioned in 1868. In…Details
On August 4, the National Bank of Ukraine registered the iBox Money Transfer international remittance system, the payment organization of which is PJSC iBox Bank (formerly Agrocombank, Kyiv). Participants in the payment system are OJSC Zaminbank (Azerbaijan) and PJSC Artem-Bank (Kyiv). According to the NBU, taking into account iBox Money Transfer, currently eight payment systems,…Details