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Ukraine cuts nuclear fuel imports from Russia in 2017

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KIEV: Ukraine purchased about 369 million U.S. dollars worth of nuclear fuel from Russia in 2017, down 4.6 percent year-on-year, local media reported Wednesday. Ukraine reduced its nuclear fuel imports by 2.8 percent in total to about 533.4 million U.S. dollars, the Interfax-Ukraine news agency said, citing the data from the State Statistics Service. Apart from Russia, Ukraine imported about 164.4 million ... Read More »

Ukraine Soybean margin as a constraining factor in 2018

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KIEV: The outlook for the next 2018/19 season prompts us to discuss again soybean production profitability, which increased from 1.3% to 52% in 2008-2016, though being unstable. In general, soybean cultivation costs and domestic purchase prices have followed an upward trend since 2008. At the same time, the 2015-2017 level of costs stayed above the average, while 2017 prices, on ... Read More »

Ukraine imports 80% of fish

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KIEV: In an in review with DT.UA, he stated that Ukraine has huge potential for import substitution. “We need to develop the production of aquaculture: once the fish is produced in Ukraine and sold for the Ukrainian hryvnia, then poachers, who now receive fish for free and sell at import prices, will lose an incentive. The state fishery agency should ... Read More »

Ukraine cuts dependence on Russian nuclear fuel

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KIEV: Ukraine under the new deal are to begin immediately after the current contract expires in 2020. Moreover, fuel components for local nuclear power plants (NPP) will be produced not only in the United States, but also in Ukraine, with assembly to be made at a Westinghouse facility in Sweden. Energoatom President Yury Nedashkovsky said his company is the world’s ... Read More »

Ukrainian mercenaries are using Scottish ‘tax haven

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KIEV: Unidentified individuals who appear to be based in Ukraine have set up a Scottish limited partnership or SLP to hire armed guards for merchant ships in the world’s most dangerous waters. The firm, Sea Force Group, late last year advertised in Russian for former soldiers and police officers willing to take to the high seas to fight pirates for just £650 ... Read More »

Former devon vineyard exports jam to Ukraine

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KIEV: A former vineyard in Devon has secured its first export contract and now plans on selling its jams, preserves and chutneys to Ukraine. Highfield Preserves in Cullompton was founded in 1984 and initially operated as a vineyard.  The company eventually began to focus on selling homemade jams to its customers and now produces more than 6,000 products a day, ... Read More »

Ukraine feed wheat sales up as grain exports fall 9%

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KIEV: Ukrainian grain sales have fallen 8.7% year-on-year as lower corn production and increased wheat competition have eaten into its market share in most instances, data published by the Ukrainian customs authority showed Friday. Total grain exports now stand at 25.2 million mt, compared to 27.6 million mt at the same stage last year. Wheat exports are 3.8% lower year-on-year ... Read More »

Import of new cars to Ukraine 28 percent up used cars triples in 2017

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KIEV: Ukraine in 2017 imported 80,500 new cars, from which Hr 15.8 billion of customs fees were paid, whereas in 2016 the number of customs clearance cases amounted to 63,000 cars with the payment of Hr 12.4 billion, the State Fiscal Service has reported. At the same time, imports of used cars were 72,900 vehicles with the payment of Hr ... Read More »

Ukraine’s gas consumption decreases by 1.3 bcm in 2017

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KIEV: Ukraine’s gas consumption decreased by 1.3 billion cubic metres compared to 2016 from 33.2 to 31.9 billion cubic metres, representing a decrease of 4 percent, Ukraine’s national oil and gas company Naftogaz said. Household consumers used 11.2 billion cubic metres of gas in 2017, which is 0.7 billion cubic metres less than in 2016 (6 percent decrease), Naftogaz said ... Read More »

Ukraine restarts gas import from Russia

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KIEV: Ukrainian Naftogaz could make a request in March to get the first quantities of gas directly from Russia, revealed the director of the company Andriy Kobolyev. From 2015, Ukraine does not buy gas directly from Russia, but through reverse links from Poland, Hungary and Slovakia. According to Naftogaz data in 2017, the gas imports to Ukraine increased by 27% ... Read More »

Ukrainian agriexports to EU grow by 37% in 2017

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KIEV: Exports of Ukrainian agricultural and food products to European countries in 2017 grew by over 37%, or by US$1.6 billion, to $5.8 billion. In 2017, the foreign trade turnover of agrarian and food products between Ukraine and European countries increased by 30.8%, or by $1.9 billion, to $8.1 billion, Ukrainian Deputy Minister of Agrarian Policy and Food of Ukraine ... Read More »

Ukraine ranks last among Europe’s 44 countries in terms of economic freedom

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KIEV: Ukraine is ranked last among 44 countries in the Europe region, and its overall score is below the regional and world averages. “Ukraine’s economic freedom score is 51.9, making its economy the 150th freest in the 2018 Index [of Economic Freedom]. Its overall score has increased by 3.8 points, reflecting improvements in eight of the 12 economic freedom indicators ... Read More »

Egypt turns to US corn as Ukraine’s influence wanes

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KIEV: Increased competition for Egypt’s 8.8 million mt corn import market has seen the country pick up the second substantial corn export sale from the US, while government data suggest Ukraine’s influence in the market is waning. The USDA unveiled the second substantial private corn export sale Friday, with 170,000 mt booked to Egypt to follow hard on the heels ... Read More »

Ukraine expected to break apple production record in 2018

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KIEV: After almost a third of the Ukrainian apple harvest was wiped out by frosts in May 2017, growers are happy with current prices, which are compensating for the reduced yields. General production amounts are expected to increase by as much as 11% in 2018, with an even higher increase expected for commercial orchards. Andriy Yarmak, an Economist from TCIC, explains ... Read More »

Stepping up corn starch imports from Ukraine

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KIEV: Ukraine continues stepping up export supplies of corn starch. The pace of Ukrainian corn starch exports still quickened in the first four months of the current marketing year 2017/18 (September-December). Ukrainian exporters supplied more than 18.8 KMT of corn starch to foreign markets at the time, or 21% Traditionally, the leading buyers of Ukrainian corn starch included Indonesia, the European ... Read More »

Ukraine’s PP imports up 3% in 2017

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KIEV: Ukraine increased to 123,100 tonnes in 2017, up 3% compared to 2016, with the largest increased recorded in homopolymer PP, according to MRC DataScope. Demand for all PP grades increased, but homopolymer PP accounted for the greatest growth. Imports of PP block copolymers into the country were about 12,900 tonnes in January-December, compared with a little more than 12,500 ... Read More »

Ukraine over inclusion on tax haven list

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KIEV: Estonian companies have also encountered some unpleasantness and definitely also some economic loss,” Mikser told BNS. “This incident definitely harms the economic relationship between Estonia and Ukraine. The issue has to be solved quickly in order for it to not become a political problem between our two countries.” According to Mikser, the note is a letter by Deputy Secretary ... Read More »

Poles consider Ukraine attractive for their exports

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KIEV: This is stated in the research of the company Polish company Akcent, the Puls Biznesu business media outlet reports. According to the data of the main statistical office of Poland, for 11 months of 2017, the Polish exports to the US grew by 28%, to Ukraine – by 26.5%, Russia – by 19.7%. Among other destinations, the Polish exports ... Read More »

Ukraine exported agricultural products at almost 18 bln USD

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KIEV: Ukraine the general foreign trade turnover of agricultural and food products totaled 22.6 bln USD, including 17.9 bln USD of exports, an increase of 16.3% compared with the indicator of 2016, declared the Deputy Minister of Agrarian Policy and Food of Ukraine for European Integration, Olga Trofimtseva on January 26. In the previous year, the figures totaled 15.5 bln ... Read More »

Ukraine’s agricultural exports hit 5 year

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KIEV: Ukraine’s agricultural exports reached 17.9 billion U.S. dollars last year, the highest level since 2012, official figures indicated. The Agriculture Ministry said exports rose by 16.3 percent compared with 2016, driven by increasing supplies of grain, vegetable oils and seeds. In addition, Ukraine increased exports of processed food products such as sugar, malt extract, flour, vegetables, legumes and beef, ... Read More »