Revenue of Metinvest B.V. (the Netherlands), the parent company of the Metinvest Group, in November 2017 fell by 6.7% or $62 million compared to the previous month, to $866 million from $928 million, according to an unaudited consolidated financial report in line with IFRS published on Monday. Earnings before interest, taxes, depreciation and amortization (EBITDA) … 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
The refinancing rate rise shows that the NBU remains focused on sustainably reducing inflation as part of its planned shift towards inflation targeting and commitment to preserving improvements in the country’s macroeconomic and financial stability, Fitch Ratings analysts have said. “Thursday’s rate rise shows that the NBU remains focused on sustainably reducing inflation… An independent … 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
Foreign trade with agricultural products and food in 2017 reached $22.6 billion, including over $17.9 billion of exports (16.3% up on 2016), the Agricultural Policy and Food Ministry of Ukraine has reported. “In 2017, exports of Ukrainian agricultural products and food showed positive results, reaching over $17.9 billion. Last year the figure was $15.5 billion. … Read more