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Ukrainian Sea Port Authority to invest UAH5b in fleet upgrade by 2021

Ukrainian Sea Port Authority

KIEV: State-owned enterprise Ukrainian Sea Port Authority plans to invest some UAH 5 billion in upgrading of fleet of its branches in the period from 2017 through 2021. An Interfax-Ukraine correspondent has reported that Head of the Fleet Service at the authority Hennadiy Haras gave the information, presenting the program in the American Chamber of Commerce in Ukraine. The authority’s ... Read More »

Ukraine imports 4.5bcm of gas for $1.1b in Jan-April

ukraine gas imports

KIEV: Ukraine in January-April 2017 imported 4.51 billion cubic meters (bcm) of natural gas for a total of $1.079 billion. Thus, according to the State Statistics Service, the average price of gas imported by the country in April was $209.60 per 1,000 cubic meters against $234.70 in March 2017, $252.50 in February and $244.60 in January. Ukraine from counterparties in ... Read More »

Ukrtransgaz starts providing gas storage services without customs clearance


KIEV: Public joint-stock company Ukrtransgaz has said that the company started providing natural gas storage services in 10 underground storage facilities during 1,095 days without paying taxes and customs duties. The company’s press service reported that this happened after the issue of order No. 45 by the Energy Customs Office of the State Fiscal Service on June 1, 2017. The ... Read More »

Ukraine hopes over $4b foreign investment this year


KIEV: The economy of the city of Kyiv expects to attract over $4 billion in foreign investment this year, Kyiv City State Administration’s press service has said. “Foreign direct investment (equity capital) injected in the city’s economy in 2016 exceeded $3.6 billion, which was 13.3% up on FDI in 2015($3.2 billion),” the press service quoted First Deputy head of Kyiv ... Read More »

Ekol Ukraine starts shipping to Iran

Ekol Ukraine shipping

KIEV: Ekol Ukraine Logistics Company has carried out its first transportation to Iran, the company’s press service has reported. According to the report, the Iranian market is becoming more attractive for Ukrainian businessmen, while Ukraine feels a growing interest from Iran. Ekol Ukraine made the first shipment to this country for a permanent customer, with whom it actively cooperates in ... Read More »

Ukrainian Railways to increase cargo tariffs by 22.5% from June


KIEV: Ukrainian Railways (PJSC Ukrzaliznytsia) intends in 2017 to raise tariffs for freight transportation by 22.5%, the company said in a press release, with reference to the draft consolidated financial plan posted on its website. According to the press service, the figures are calculated using international financial reporting standards. “Tariffs for passenger rail transportation will not be raised this year, ... Read More »

Ukraine fully used quota on wheat exports to EU

wheat export

KIEV: The annual tariff quota on Ukrainian wheat exports to the European Union has been fully used the local news agency reports. “The tariff annual quota of the European Union for Ukrainian wheat imports has been fully used. To date, 960 thousand tons of wheat has been delivered to the EU countries or 100% of the quota volume,” reads the ... Read More »

Ukraine’s steel output falls 17.7% in 2017

profit fall

KIEV: Ukraine’s steel production fell 17.7 percent year-on-year in January-May to 8.7 million tonnes, local news agency Uaprom said on Thursday. Steel production rose 5.5 percent in 2016 to 24.2 million tonnes as the industry picked up after a sharp fall in 2015 due to the conflict in eastern Ukraine, where most of the country’s steel production is based. Data ... Read More »

Dutch lawmakers approve E.U. trade deal with Ukraine

European Union trade deal with Ukraine

KIEV: In a decision laden with symbolic value, Dutch lawmakers agreed on Tuesday to closer ties and the creation of a free-trade area with Ukraine, completing a long and contentious negotiation that pushed Russia and the European Union to the edge of confrontation. The agreement became a focal point of the geopolitical battle between Moscow and Brussels over the future ... Read More »

Ukrainian law enforcers prevent illegal exports of agricultural products worth UAH36m


KIEV: The Ukrainian law enforcers have prevented attempts of illegal exports of agricultural products worth UAH 36 million, the press service of the State Fiscal Service reports. “In the scope of the special operation Rubizh – 2017 and the investigation of criminal proceedings, it was established that the goods planned to be exported were purchased in the territory of Ukraine, ... Read More »

Ashgabat, Kiev mull migration issues


ASHGABAT: Ashgabat hosted a meeting of leadership of Turkmenistan’s State Migration Service with Ukraine’s Ambassador Valentin Shevalev, said the Migration Service in a message May 29. The parties exchanged views on partnership opportunities in the migration area, and discussed a number of priority directions of this sphere. The two sides discussed the issues of obtaining working visas, employment permits for ... Read More »

Risoil plans to increase handling in Chernomorsk port

City name change from Ilyichevsk to ChornomorskChernomorsk port

KIEV: Risoil Terminal LLC, which operates grain and bulk cargo handling terminal in the Black Sea port, plans to handle 7 MMT of cargo in the 2017/18 marketing year, including 5 MMT of grain, 1 MMT of meal and 1 MMT of oil, reports UkrAgroConsult. According to the head of Risoil S.A. Shota Khadzhishvili, in the new season the company ... Read More »

Saudi Arabia started importing Ukrainian corn starch


KIEV: Corn starch exports from Ukraine keep growing, reports UkrAgroConsult. The country exported 30.7 KMT of corn starch over the seven months of the current season (September 2016 – March 2017). This is already 5.5% more than supplied for the whole last season (29.1 KMT was in MY 2015/16). Indonesia remains the top importer of Ukrainian corn starch. Shipments to ... Read More »

Ukraine introduces anti-dumping duty on Russian chocolate


KIEV: The Interdepartmental Commission for International Trade has introduced an anti-dumping duty on chocolate products from Russia for a period of five years. The corresponding decision was published in the Uryadovy Courier governmental newspaper. “The final anti-dumping measures are applied by introducing the final anti-dumping duty on the import of goods from the Russian Federation to Ukraine… in the amount ... Read More »

Ukraine’s Jan-Apr coal imports down 9.7% on year to 4.83m mt


KIEV: Ukraine’s total imports of coal, including coking coal, thermal coal and anthracite, decreased 9.7% year-on-year to 4.83 million metric tons in January through April, down from 5.35 million metric ton (mt) imported in January-April 2016, the state customs service said Friday. The value of coal imports over the period soared 66.2% to $770.9 million from $463.9 million in January-April ... Read More »

IMF and EBRD confirm 2% 2017 GDP growth forecast for Ukraine


KIEV: The International Monetary Fund and the European Bank for Reconstruction and Development have confirmed their forecast for growth of Ukraine’s GDP at 2% in 2017, according to the surveys of the institutions published on Thursday. The IMF expects that Ukraine’s economy will grow by 3.2% in 2018 and the EBRD projects it at 3%, as they earlier said. The ... Read More »

Ukraine state budget revenue 19% above target in Jan-Apr


KIEV: Ukraine’s national budget revenue totaled UAH 259.78 billion in January-April 2017, which is 18.9% or UAH 41.21 billion above the revenue target for the period, the State Treasury Service has reported. Revenue increased by 51.1% or UAH 87.84 billion compared with the same period of 2016, due to receipt by the special fund on April 28 of UAH 30 ... Read More »

Ukraine allows VAT-free gas storage for 3 years


KIEV: Ukraine now allows VAT-free temporary storage for up to 1095 days (3 years) of natural gas by gas traders in Ukraine’s Underground Gas Storage Network (UGSN). This significantly eases cross-border transportation of natural gas and realistically also opens up opportunities to collaterize stored gas for financing. In accordance with Order No. 292 of 27 February 2017 of Ministry of ... Read More »

Ukrainian soybean oil exports hit a high in March


KIEV: According to the official statistics figures, in March 2017 Ukraine exported 23.6 thousand tons of soybean oil, an increase of 2 times compared with February 2017, which became a new peak of monthly shipments of the product. In the reporting month, significant increasing of soybean oil supplies to India, China and Bangladesh formed the major impact to the reporting ... Read More »

Ukraine grain exports surge 52% in March

grain grains export exports

KIEV: Ukraine boosted its grain exports to 4.54 million tons in March up 52 percent from 2.98 million tons in February thanks to record sales of maize, analyst UkrAgroConsult said. The maize shipments jumped to 3.1 million tons in March, the highest so far for the 2016/2017 marketing year that runs from July to June, from 1.8 million tons in ... Read More »