In January 2024, exports of ferroalloys decreased to 230 tons of products compared to 2,500 tons in December and 55,900 tons in January 2023. Last year, exports decreased by 4.9% compared to 2022 to 344,200 tons, and by 48.5% compared to 2021. Poland, Turkey, and the Netherlands were the largest consumers of Ukrainian ferroalloys in … Read more
PJSC Ukrnafta transferred UAH 3.9 billion in dividends to the state budget as an advance payment based on the results of economic activities in 2023. “This is the first part. In total, more than UAH 8 billion will be paid in accordance with the schedule. This is twice as much as the total for the … Read more
Ukraine and Poland, during negotiations with Polish Ministers of Development and Technology of Poland Krzysztof Hetman and Agriculture Czesław Siekierski, developed a number of solutions for the constructive unblocking of the Ukrainian-Polish border while respecting the interests of Polish farmers, said Deputy Minister of Economy – Trade Representative of Ukraine Taras Kachka. “Four hours of … Read more
The state as an owner intends to conduct several pilot assessments of the activity of supervisory boards of state-controlled companies under the new norms of the law on improving corporate governance of state-owned companies (No. 5593), adopted by the parliament on February 22, Deputy Minister of Economy Oleksiy Sobolev has said. “The law contains mechanisms … Read more
The first shipment of wheat donated by Ukraine under the Grain from Ukraine initiative has arrived in Sudan, the UN World Food Program (WFP) said on its website. “This donation will enable WFP to support people whose lives have been completely upended by the war. We are deeply grateful to Ukraine and Germany for supporting … Read more
JSC Ukrzaliznytsia submitted projects worth more than EUR 80 million for the Connecting Europe Facility (CEF) call, the Ministry of Communities, Territories and Infrastructure Development (Ministry of Reconstruction) announced on Facebook on Tuesday. Ukrzaliznytsia expects the results of the CEF project call in June this year. Funding for projects for the development of railway crossing … Read more
In January 2024, Ukrainian banks produced ₴16.7B in net profit, ₴2.068B or 14% more than in January 2023. Net profit increased despite the increase in the tax rate: In January 2023, banks paid 18% tax, but beginning January 1, the tax rate increased to 25%. Banks increased their tax contributions from ₴2.275B to ₴3.698B but … Read more
Ukrposhta may become the first state-owned company to privatize a portion of its ownership shares, the company’s GM, Ihor Smilyanskyi, said. According to him, to begin with, the entity may sell 20-25% of its shares. He noted that since Ukrposhta is already a joint-stock company, the state can sell 100% of its shares at any … Read more
The Unity Facility grain transportation insurance mechanism for the Ukrainian maritime corridor, which has been in effect since November 2023, has been expanded to include vessels that carry not only grain but also any other cargo, said Crispin Ellison during an online USUBC webinar. “We were able to create a mechanism where the prices are … Read more
Ukraine has failed to attract funds under the EU Connecting Europe Facility (CEF) program for the construction of the Mostyska – Sknyliv railway section from the state border with Poland to Lviv said the chairman of the board of Ukrainian Railways (UZ), Yevhen Lyashchenko. Currently, USAID is studying the possibility of financing 50% of the … Read more