Nova Poshta LLC, the leader of express delivery in Ukraine, after the technical placement of C series bonds for UAH 800 million in the primary market in February, placed these securities among institutional investors – state and commercial banks, insurance companies, and pension funds. “The maturity of the bonds, their yield and other financial details … Read more
JSC Ukrzaliznytsia in March reached the highest indicator of transportation in export traffic over the past year – 5.3 million tonnes (73.4% more) compared to the same period last year and 4% more versus February indicators, Valeriy Tkachev, Deputy Director of the Commercial Work Department at Ukrzaliznytsia, said at a meeting of the Export Promotion … Read more
PJSC Ukrnafta, Ukraine’s oil and natural gas extracting company, plans to drill at least three new wells in 2023 and drill side shafts in three more wells. The company’s director, Serhii Koretskyi, announced this, the press service reports. “This is the basic drilling plan – the minimum we set for ourselves. There will be shallow … Read more
Polish Agriculture Minister Henryk Kowalczyk announced his resignation at a press conference on April 5, citing his inability to handle the crisis related to Ukrainian grain, Polish radio station RMF FM reported on April 5. “I have resigned from the position of Minister of Agriculture and Rural Development,” Kowalczyk said. The leadership of Poland’s ruling PiS or … Read more
The negative scenario of a 10% decrease in Ukraine’s GDP in 2023 and a 2% decrease in 2024 set out in the Extended Fund Facility (EFF) program confirms the IMF’s readiness to support the country no matter what, National Bank of Ukraine Governor Andriy Pyshnyi told Interfax-Ukraine on April 5. “The program has been approved, even if … Read more
The National Bank of Ukraine’s (NBU) international reserves exceeded $32 billion after receiving the first IMF loan tranche worth $2.7 billion, NBU First Deputy Governor Kateryna Rozhkova said on national television on April 3. “Ukraine has already received the first tranche of $2.7 billion under the new (IMF) program for. Given these funds, the amount of assistance received … Read more
Ukraine may soon see 40 new demining companies, a crucial development after as much as 30% of Ukrainian territory – 174,000 square kilometers — could be covered in landmines, it was revealed at the European Business Association (EBA)’s Security and Business Protection Committee meeting. The EBA committee meeting focused on agricultural business and demining agricultural … Read more
Ukraine was able to export 265,000 tonnes of sugar in seven months of the current marketing year (September 2022 – August 2023), which is 4.8 times more than in the entire 2021-2022 marketing year, acting Board Chairman of the National Association of Sugar Producers Ukrtsukor Nazar Mykhailovyn has said. “For the entire period of 2021/22, … Read more
After a year of full-scale war, Ukrainian souvenir producers are seeing a windfall with fridge magnets seeing a 140-fold increase in demand. Other products that have seen a spike in interest include camping stoves and envelopes, which saw 18-fold and 12-fold increases, says online retailer Rozetka. Ukrainians also purchased more tactical medical equipment, (6.3 times … Read more
The International Monetary Fund (IMF), which previously estimated the dynamics of the Ukrainian economy this year from a 3% decline to a 1% growth, is inclined to believe that GDP growth in 2023 may be at the upper limit of this range. According to the materials of the fund, published on Saturday night, this is … Read more