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Ukrainian MPs pass 2019 state budget and unlock USD 3.9 billion IMF support

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The Ukrainian parliament passed the 2019 state budget more than a month before the deadline and without the last minute politicking that has become something of a national tradition. The 2019 budget is reportedly in line with IMF expectations and should now allow Ukraine to secure a resumption of IMF financing of up to USD 3.9 billion that could prove ... Read More »

Ukraine reduces oil imports by 28.4 percent in ten months

A worker walks through   pipe infrastructure at Yablunivka Gas production plant of Joint Stock Company UGV ( Naftogas group) on Oct, 26, 2018 in Poltava oblast.

Ukraine in January-October 2018 reduced imports of oil and petroleum products (foreign economic activity code 2709) by 28.4 percent (by 243,287 tonnes) compared to the same period in 2017, to 613,046 tonnes. According to the State Fiscal Service, oil was imported for $346.575 million, which is 4.9 percent less than in January-October 2017 ($364.373 million). In particular, Azerbaijan supplied oil ... Read More »

US Energy Secretary Perry to visit Ukraine and Poland

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WASHINGTON: US Energy Secretary Rick Perry will visit Ukraine, Poland and other eastern European countries next week as the Trump administration seeks to offer them alternatives to buying coal and gas from Russia. Perry will also visit Hungary and the Czech Republic on the trip. He will meet with government officials on topics from nuclear energy to cyber security and ... Read More »

Russia announces sanctions against senior Ukraine figures

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Russia has announced sanctions against senior Ukrainian officials as well as business and cultural figures, including the former prime minister Yulia Tymoshenko, the frontrunner for Ukraine’s 2019 presidential elections. The Russian measures were presented as counter-sanctions after Ukraine targeted Russian officials and businesses earlier this year. The conflict goes back to Russia’s 2014 annexation of Crimea and its backing for ... Read More »

Ukraine produces 758,000 tonnes of sugar in October

A woman puts sugar produced in France to her coffee in Havana, on October 9, 2018. - Cuba, which was for long time a world leader in the production of sugar, now imports the product from France after serious problems in its harvest. (Photo by YAMIL LAGE / AFP) / TO GO WITH AFP STORY BY KATELL ABIVEN

Sugar production in Ukraine as of Oct. amounted to 757,900 tonnes. According to a report of the Ukrtsukor National Association of Sugar Producers, as of this date 39 sugar refineries were operating in the country, which have processed 5.89 million tonnes of sugar beets. As reported, Ukraine on August 31 started a new sugar making season. In 2018, the area ... Read More »

Russia may ban imports of some Ukrainian goods, says PM

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KALININGRAD: Moscow may ban the supply of a number of Ukrainian goods to Russia as part of its countersanctions against Kiev, Prime Minister Dmitry Medvedev told reporters. “It concerns banning certain categories of goods that are produced in Ukraine for their delivery to Russia,” he said when answering a question about retaliatory measures Moscow is going to take in response ... Read More »

UNIAN: Agricultural output in Ukraine increased by 5 percent since year-start

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The growth of agricultural output in Ukraine in January-September of this year was at 4.9% compared with the same period in 2017, the State Statistics Service of Ukraine reported. In particular, agricultural enterprises increased their output by 7.8%, while private farms – by 1.9%. Crop production in the nine months of this year increased by 6.9% compared with January-September last ... Read More »

Trump Nominee Draws Scrutiny for Ties to Ukrainian Energy Interests

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WASHINGTON — As tanks, artillery and combat troops streamed from Russia into Ukraine in 2014, the United States government dispatched a multiagency team of technical experts to Kiev to help the fragile government there shore up its energy supply for the coming winter. The head of that team, William N. Bryan, was a career civil servant with an expertise in ... Read More »

Ukraine wood exports to EU countries has grown

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During a moratorium on deforestation in Ukraine, its exports to the EU countries increased by 75%, exceeding the mark of € 1 billion in 2017. About this, referring to the British non-governmental organization Earthsight, which is studying the problem of illegal deforestation around the world, writes “Dzerkalo Tyzhnya”. Recall that the abolition of the rules of trade in raw materials ... Read More »

Smuggled amber of $1 million was arrested in Ukraine’s Zakarpattia region

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Officers of the Security Service of Ukraine (SBU) jointly with the Prosecutor’s office blocked the export of smuggled amber with the weight of more than one ton to the European countries in Zakarpattia region. The press office of the SBU reports. ‘Law enforcement officers found a local resident with illegally extracted sunstone in VAN at “Luzhnyky” customs post. The stuff ... Read More »

Ukraine, Turkey create platform for dialogue between government and business

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Ukraine and Turkey have created a unique platform for dialogue with the involvement of representatives of government and business of both countries to improve the state of economic relations, increase trade turnover and overcome problematic issues in business. Ukraine’s First Deputy Prime Minister – Minister of Economic Development and Trade Stepan Kubiv said this during his visit to Turkey and ... Read More »

Corporate bonds: could this underused tool help Ukrainian businesses to expand?

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Corporate bonds are an investment instrument with considerable potential to become one of the key drivers powering Ukraine’s continued economic recovery. They can provide businesses operating in Ukraine with the resources to fuel development at a time when bank lending remains almost completely frozen. For investors, corporate bonds create the opportunity to preserve available funds and even earn despite the ... Read More »

Over 110 Ukrainians imprisoned in Greece on charges of smuggling of migrants

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Denisova urges Council of Europe Commissioner for Human Rights Dunja Mijatovic to join hands for the release of Ukrainian sailors from Greek prisons. Ukrainian Parliament’s Commissioner for Human Rights Liudmyla Denisova says 112 Ukrainian citizens are now imprisoned in Greece on charges of smuggling of migrants. “According to available information, there are 161 Ukrainians in prisons in Greece, 112 of ... Read More »

Two Ukrainians imprisoned in Greece for 180 years for smuggling of migrants

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A court in Greece has sentenced Serhiy Shvayuk, a musician of the Ivano-Frankivsk band Perkalaba, and his friend Petro Lytvynchuk to 180 years in prison for smuggling of migrants. The trial took place both were found guilty, the Ukrainian news outlet Slidstvo.Info said. Interpreter of the prosecutor’s office in the city of Piraeus Lidia Kostiv said that the Ukrainians were ... Read More »

Ukraine facing labor ‘catastrophe’ as millions of citizens flee country

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Nearly a million Ukrainians are leaving the country every year, according to Ukrainian Foreign Minister Pavel Klimkin, warning the country will face severe labor shortages in the years to come. “We are really in a catastrophic situation with a million Ukrainians leaving every year,” the minister said in an interview with Ukrainian ICTV. Klimkin said that Poland alone has received ... Read More »

Ukraine statistics show country’s biggest investor is… Russia

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Russian businesses invested $436 million in Ukraine during the first half of 2018, Ukraine’s State Statistics Service showed. That accounts for 34.6 percent of the total $1.3 billion of foreign direct investments. Cyprus was the second-largest investor at $219 million, followed by the Netherlands ($208 million), Austria ($59 million), Poland ($54 million), France ($47 million) and Great Britain ($43.4 million). ... Read More »

Two Ukrainians imprisoned in Greece for 180 years for smuggling of migrants

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A court in Greece has sentenced Serhiy Shvayuk, a musician of the Ivano-Frankivsk band Perkalaba, and his friend Petro Lytvynchuk to 180 years in prison for smuggling of migrants. The trial took place both were found guilty, the Ukrainian news outlet Slidstvo.Info said. Interpreter of the prosecutor’s office in the city of Piraeus Lidia Kostiv said that the Ukrainians were ... Read More »

Ukraine expects record maize harvest, rising sales to China

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Ukraine’s maize harvest may hit a record 27-28 million tonnes this year and sales to China could rise by 10 percent due to the trade war between Washington and Beijing, the country’s acting agriculture minister said. China has accused the United States of triggering the “largest-scale trade war” with import duties, potentially giving a further boost to already booming grain ... Read More »

PM Groysman estimates timber smuggling at up to US$303 mln per year

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Ukrainian Prime Minister Volodymyr Groysman estimates smuggling of timber at between UAH 6 billion (US$227 million) and UAH 8 billion ($303 million) per year. “It is essential to stop this barbaric destruction of Ukrainian forests when, under the guise of low-grade wood, they deliver commercial timber. It is vital to conduct an audit of all forest husbandries, by joining efforts ... Read More »

Crabs, pigs, lions… – smuggling of animals in Ukraine is sometimes astonishing

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Lion, crabs, piglets, horses, falcons – this is a far from a complete list of species of animals that smugglers tried to move across the state border or were illegally catching but were stopped by officers of the State Border Guard Service of Ukraine. last year, in one of the ports of Odesa, border guards found a young lion, that ... Read More »