The Cabinet of Ministers of Ukraine has removed Estonia, Latvia, Georgia, Malta and Hungary from the list of countries transactions with residents of which are supervised by Ukraine for transfer pricing purposes after protests of Estonia and Latvia. Ukrainian Finance Minister Oleksandr Danyliuk said that the decision made in December to place the countries to … Read more
Grain harvest in Ukraine in 2017 totaled 61.28 million tonnes, which is 4.7 million tonnes less than in 2016. The State Statistics Service has reported that Ukraine last year threshed 26.1 million tonnes of wheat with the yield of 41.1 centners per ha, 24.1 million tonnes of corn (54.4 centners per ha), 8.3 million tonnes … Read more
The top three largest mobile communications operators Kyivstar, Vodafone-Ukraine and lifecell paid UAH 2.456 billion for 80 MHz in the 2,600 MHz frequency rate for the right to develop 4G communications standard. An Interfax-Ukraine correspondent has reported that lifecell bought two lots for 30 MHz for UAH 909.25 million, Kyivstart bought three lots for 30 … Read more
The deficit of Ukraine’s national budget in 2017 totaled UAH 47.85 billion, which is 31.9% or UAH 22.4 billion lower than in 2016, the National Bank of Ukraine (NBU) reported on Tuesday. The NBU said that internal financing fell by 70.6%, to UAH 10.89 billion, while revenue from privatization soared 17.9-fold, to UAH 3.38 billion. … Read more
Myronivsky Hliboproduct (MHP) has decided to abandon plans to acquire Poland’s Exdrob, the Polish Radio has reported. According to the report, the information about the plans to buy the plant in Poland appeared in September, as then Cyprus-based Raftan Holding belonged to MHP submitted an application to receive a permit to buy Exdrob to the … Read more
Alfa-Bank (Ukraine) and Ukrsotsbank (both based in Kyiv), owned by ABH Holdings SA, will be merged into one bank operating under the same brand, CEO of Alfa Group in Ukraine and general manager of Ukraine’s Alfa-Bank Ivan Svitek has said. “The merger will be at the legal level. It will happen within a year or … Read more
The total amount of wage arrears in Ukraine in 2017 increased by 32.2%, while in December it fell by 8.3% and as of January 1, 2018 amounted to UAH 2.368 billion, the State Statistics Service has said. According to its data, in December 2017 wage arrears at economically active enterprises decreased by 12.7% and on … Read more
Ukraine in 2017 increased electricity exports by 28.6% compared to 2016, to 5.166 billion kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine. The supply of electricity from the Burshtyn TPP energy island to Hungary, Slovakia and Romania increased by 2.7%, to 3.138 billion kWh. Electricity deliveries to Poland decreased by 6.5%, to … Read more
Ukrainian businessman and owner of DCH Group Oleksandr Yaroslavsky is holding talks with U.S. and Chinese investors in Davos on the possibility of locating new production sites on the territory of Kharkiv Tractor Plant and discussing prospects of co-financing Sukha Balka mining with banks. “Earlier 45,000 people worked at the Kharkiv Tractor Plant. The plant … Read more
Electricity production in the united energy system of Ukraine in 2017 increased by 0.4% (by 596.8 million kWh) compared to 2016, to 155.414 billion kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine. Nuclear power plants (NPP) in the past year increased electricity generation by 5.7%, to 85.576 billion kWh. In particular, electricity … Read more