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Ukraine shows interest in joining Trans-Caspian international transport route

Ukraine shows interest in joining Trans-Caspian international transport route

KIEV: Prime Minister of Ukraine Volodymyr Groysman has said his country is interested in joining the Trans-Caspian international transport route. He made the remarks Mar. 27 at the summit of government heads of the Organization for Democracy and Economic Development (GUAM) member countries, the Ukrainian National News reported. “I would also like to note the importance and priority of the ... Read More »

Ukraine Parliament confirms double tax treaty with Luxembourg

Ukraine Parliament confirms double tax treaty with Luxembourg

KIEV: On 14 March 2017 the Parliament of Ukraine confirmed the Convention between the Government of Ukraine and the Government of the Grand Duchy of Luxembourg “On Avoidance of Double Taxation and Prevention of Income and Capital Tax Evasion” (the “Convention”) and a protocol to it (the “Protocol”). As we informed earlier, the Convention was signed in 1997 but the ... Read More »

Ukraine imports 12.4KMT palm oil in February 2017

palm oil

KIEV: Ukraine imported 12.4 kilo metric ton (KMT) of palm oil in February 2017 against 11.6 KMT in January 2017 and 15.2 KMT in February 2016. This season’s palm oil imports (September-February) totaled 98.6 KMT, i.e. they are still 4% ahead of last year (94.6 KMT in September-February 2015/16). Indonesia continues holding the top position among palm oil exporters this ... Read More »

Ukraine-Germany agree to hold business forum in Berlin in H2 of 2017

Ukraine-Germany agree to hold business forum in Berlin in H2 of 2017

KIEV: Ukraine Prime Minister Volodymyr Groysman and Chairman of German Committee on Eastern European Economic Relations Wolfgang Buchele at a meeting in Kiev agreed to hold a Ukrainian-German business forum in Berlin in the second half of this year. “It would be good to start preparations for this important forum as soon as possible. I think this is a very ... Read More »

Ukraine in Jan 2017 buys coking coal for almost CAD 50 million in Canada

Coking_Coal (1)

KIEV: Ukrainian companies in January 2017 imported coking coal for CAD 48.2 million ($36.2 million under the current exchange rate) from Canada, while in January 2016 no coking coal was imported, Canadian Ambassador to Ukraine Roman Waschuk told Interfax-Ukraine. He said that British Columbia has large stocks of coking coal and production facilities. Supplies from the province could be increased ... Read More »

Belarus temporarily bans pork imports from Ukraine

pig meat banned - pork ban

MINSK: Belarus imposed temporary restrictions on the import deliveries of live pigs, pork and derived products from Kherson Region due to the outbreaks of African swine fever (ASF). This has been said in a relevant order of March 17, 2017, published on the website of the Department of Veterinary and Food Control at the Ministry of Agriculture and Food of ... Read More »

IMF holds $1b loan for Ukraine due to trade block

FlagofUkraine

KIEV: The International Monetary Fund will not approve a new $1 billion loan payment for Ukraine on Monday as scheduled, due to “recent developments” in the country, the IMF confirmed. In Kiev, Ukraine President Petro Poroshenko slammed as “absolutely irresponsible” the trade blockade imposed on the Russian-backed rebel eastern regions by the country’s politicians, which led to the delayed loan ... Read More »

Ukraine lost businesses due to terrorists

FlagofUkraine

KIEV: It was always an uncomfortable paradox for Ukraine’s warring sides; while Kiev and Russian-backed rebels battled each other for nearly three years, trade kept flowing across the frontline. Now even those tenuous links have finally ruptured after Ukraine’s leader Petro Poroshenko ordered a halt to all goods deliveries to the eastern separatist regions, ramping up tensions in the festering ... Read More »

Ukraine’s Finance Ministry expects new tranche from IMF next week

Ukraine's Finance Ministry expects new tranche from IMF next week

KIEV: A new disbursement from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) program may arrive in Ukraine next week, Ukrainian Finance Minister Oleksandr Danyliuk has said. “The meeting [of the IMF Executive Board] will take place next Monday, and we’re expecting the tranche next week, which is very positive,” he said at a Dragon Capital conference ... Read More »

Ukraine, Turkey set goal to increase goods turnover to $20b

Ukraine, Turkey set goal to increase goods turnover to $20b

ANKARA: Ukrainian Prime Minister Volodymyr Groysman and Turkish Prime Minister Binali Yildirim set a goal to increase goods turnover between the two countries to $20 billion. The press service of Ukraine’s Cabinet of Ministers reported that this was discussed during the negotiations of the prime ministers of the two countries in Ankara. In 2016, trade between Ukraine and Turkey exceeded ... Read More »

Ukrainian banks with foreign capital observe ban on servicing persons with ORDLO IDs

bank

KIEV: Ukrainian banks with foreign capital have said that they strictly observe the ban imposed by the National Bank of Ukraine (NBU) on servicing of persons with IDs issued in occupied areas in the self-proclaimed Donetsk and Luhansk People’s Republics (ORDLO). “Alfa-Bank (Ukraine) is operating fully in line with Ukrainian legislation and requirements of the regulator,” the press service of ... Read More »

Turkey, Ukraine to sign passport-free travel deal

Germany-Switzerland sign arbitration agreement for tax disputes

ANKARA: Turkey and Ukraine will sign an agreement allowing their citizens to travel to each other’s countries without passports, Prime Minister Vladimir Groysman has said, just ahead of a two-day visit to Turkey starting Tuesday. “An important step will be taken during my visit to Turkey,” Groysman told Anadolu Agency on Friday. Groysman will pay a two-day visit to the ... Read More »

Ukraine’s dairy products exports surges in Jan-Feb 2017

Ukraine’s dairy products exports surges in Jan-Feb 2017

KIEV: Ukraine in January-February 2017 exported 874 tons of cheese to foreign markets, which is 13.7% more than in the same period of 2016. According to customs statistics released by the State Fiscal Service, in monetary terms shipments of these products increased by 28.3%, to $2.77 million. Cheese imports in January-February amounted to 559 tons, which is 25.3% more compared ... Read More »

Ukraine imports 2.464mt coal in Jan. & Feb. 2017

coal

KIEV: Ukraine in January and February 2017 imported 2.464 million ton of coal and anthracite (foreign activity code 2701) worth $357.591 million. According to the State Fiscal Service, Russia supplied coal for $247.237 million (69.1% of total imports), the United States for $65.399 million (18.3%), Kazakhstan for $20.449 million (5.7%), other countries for $24.505 million (6.9%). Thus, in money terms ... Read More »

Ukraine export 29.91mt grain since beginning of MY2016-17

grain-export

KIEV: Ukraine since the beginning of the 2016/2017 marketing year (MY, July-June) and as of March 7, 2017 had exported 29.91 million tons of grain. According to the Ministry of Agricultural Policy and Food, the country exported about 13.69 million tons of wheat, 4.67 million tons of barley and 11.37 million tons of corn. In addition, 265,100 tons of flour ... Read More »

Ukraine’s international reserves rise in February

Ukraine’s international reserves rise in February

KIEV: The international reserves of Ukraine in February increased by US$15 million and as of March 1 totaled US$15.46 billion, according to updated data presented on the website of the National Bank of Ukraine (NBU). According to the central bank, the replenishment of reserves was facilitated by the growing supply of export proceeds in the interbank foreign exchange market. This ... Read More »

Ukrainian radicals agree to trade with Russia

Ukrainian radicals agree to trade with Russia

KIEV: Ukrainian activists suspended blocking railroads from Russia, in particular in the city of Konotop, the Sumy region. Participants of the blockade have agreed not to impede movement of trains and leave the checkpoint. Representatives of the Ukrainian Railroads company have promised to report about cargoes transferred from and to Russia. It will be done once a month. As reported, ... Read More »

Ukraine exports 29.4m tons of grain since start of 2016/2017 agri-year

Ukraine exports 29.4m tons of grain since start of 2016/2017 agri-year

KIEV: Ukraine since the beginning of the 2016/2017 agricultural year (July-June) and as of March 1, 2017 exported 29.43 million tons of grain. According to the Ministry of Agricultural Policy and Food, the country exported about 13.56 million tonnes of wheat, 4.66 million tons of barley and about 11.05 million tons of corn. In addition, Ukraine exported 242,800 tons of ... Read More »

Ukraine imports 1.4bcm natural gas in February 2017

Ukraine Natural Gas

KIEV: Ukraine imported 1.4 billion cubic meters (bcm) of natural gas for the needs of Ukrainian consumers from Europe in February 2017. This was 13% more than in February 2016, the public and media relations department of Ukrtransgaz reported. “A total of 2.9 bcm of gas was imported to Ukraine from the EU in the first two months. Traditionally most ... Read More »

Ukraine January 2017 electricity exports increases 61.9%

Ukraine January 2017 electricity exports increases 61.9%

KIEV: Ukraine in January 2017 increased electricity exports by 61.9% (by 213.8 million kWh) compared to the same period in 2016, to 559.4 million kWh, a source in the Ministry of Energy and Coal Industry has told Interfax-Ukraine. Electricity supplies from the Burshtyn TPP energy island in the direction of Hungary, Slovakia and Romania increased by 60.6% (by 161.6 million ... Read More »