Inflation in Ukraine in 2017 accelerates to 13.7%

The growth of consumer prices in Ukraine in 2017 accelerated to 13.7% compared with 12.4% in 2016, which, however, is significantly lower than in the past years: it was 43.3% in 2015 and 24.9% in 2014, the State Statistics Service of Ukraine reported on Tuesday. In December 2017 alone, inflation was 1% against 0.9% in … Read more

Poverty in Ukraine falls to 12% in 2017

The poverty level in Ukraine fell to 12% in 2017, according to Kyiv International Institute of Sociology (KIIS), the Dzerkalo Tyzhnia.Ukraine (ZN.UA) weekly has reported, referring to Deputy Execute Director of KIIS Viktoria Zakhozha. She said that from 1994 to 2017, the poverty level in Ukraine changed. The worst situation was in the late 1990s. … Read more

KCBW almost doubles sales in 2017

Kriukov Car Building Works (KCBW, Poltava region) in 2017, according to live data, increased sales of products by 1.8 times compared to 2016, to UAH 3.6 billion, according to the website of the plant. According to the report, over the past year the plant sold more than 2,000 freight cars, which is 30% more than … Read more

Dragon Capital buying Victoria Gardens mall in Lviv, ECO Tower business center in Zaporizhia

The Antimonopoly Committee of Ukraine has permitted Dragon Capital Investments Limited (Nicosia, Cyprus) to acquire stakes in Ukrainian Commercial Property LLC (Zaporizhia) and Phoenix Capital LLC (Lviv), which own ECO Tower class A business center (earlier Baida Business Hall) and Victoria Gardens shopping and leisure center respectively. The committee said on Tuesday that it permitted … Read more

SD Capital finalizes deal to sell towing company operating in Yuzhny seaport to DP World’s subsidiary

P&O Maritime, a fully owned subsidiary of DP World Group, has started operating in Ukraine. The company will provide towing services in the Yuzhny seaport (Odesa region) via the acquisition of a towing company. The press service of SD Capital investment company founded by the co-owner of TIS Group Andriy Stavnitser and its manager Filip … Read more

Energy ministry announces tender to select independent members of Ukrenergo’s supervisory board

Ukraine’s Energy and Coal Industry Ministry has announced a tender to select independent members of Ukrenergo’s supervisory board. According to an announcement on the ministry’s website, applications and documents for the tender can be submitted before March 2, 2018. The ministry seeks to create the supervisory board consisting of seven members with the following qualification: … Read more

Ukraine posts 26.8% rise in imports of gas in 2017

Ukraine increased imports of natural gas by 26.8% or 2.972 billion cubic meters (bcm) in 2017, to 14.05 bcm, according to public joint-stock company Ukrtransgaz. According to Interfax-Ukraine’s calculations, imports from Slovakia in 2017 amounted to 9.91 bcm, Hungary to 2.835 bcm, and Poland to 1.305 bcm. Imports in December 2017 amounted to 954.9 million … Read more

Yatsenyuk sells 30% of Espresso.TV for $1.5 mln

Former prime minister of Ukraine Arseniy Yatsenyuk has sold 30% of shares in Espreso.TV to U.S. Atmosphere Entertainment, Inc. (New York) under control of Ivan Zhevaho, son of MP Kostiantyn Zhevaho, for $1.465 million, Yatsenyuk’s spokesperson Olha Lappo has said. “As a result of a transparent and public sale of the stake in the TV … Read more

Naftogaz Ukrainy sees 13.1% rise in gas transit in 2017, boosts production by 4.8%

National joint-stock company Naftogaz Ukrainy increased gas transit by 13.1% in 2017, from 82.2 billion cubic meters (bcm) to 93 bcm, the company has said. “93 bcm is a record-breaking figure since the launch of Nord Stream in 2011,” Naftogaz said. Naftogaz said that the number of gas importers to Ukraine grew to 54. The … Read more