Business

Ukraine sows 23% of planned areas with early spring grain crops as of March 30

As of the same date in 2011, early spring grain crops were had been on 640,000 hectares. This year spring barley has been sown on 620,000 hectares …
Interfax-Ukraine

Weather Center: Ukraine’s gross winter wheat crop could drop 37-46% in 2012

"The preliminary estimates are that the gross winter wheat crop this year could be eight to ten million tonnes smaller than last year," Adamenko said …
Interfax-Ukraine

NBU boosts international reserves, improves payment position in March

"We consider our payment position more secure. We started the year with foreign reserves of more than $31 billion and ended the first quarter with the …
Interfax-Ukraine

Epicenter Kyiv to open 14 hypermarkets, increase turnover by 35% in 2012

"We plan to open 14 stores and we want to reach a figure of 50 trade outlets, whereas today we operate 36 hypermarkets," he said. He said the …
Interfax-Ukraine

Zakhidenergo decides to pay Hr 24.1 million in dividends for 2011

According to a posting on the company’s major shareholder, DTEK, on the London Stock Exchange’s Web site, Zakhidenergo will pay Hr 1.88 per share. The …
Interfax-Ukraine

Naftogaz: Gas transit through Ukraine to Europe down almost 50% in recent days

"In recent days, the shortfall from the east relative to planned indicators amounted to 180 million cubic meters, and for these days 200 million …
Interfax-Ukraine

Ukraine’s Naftogaz seeks $2 billion Gazprombank loan

Naftogaz buys gas from Russia’s Gazprom, the main shareholder of Gazprombank, and pays about $1 billion a month. At the same time, it receives money …
Reuters

Bank association leader calls for ouster of NBU top management

In most countries, banking associations tend to support the head of the central bank, with measured criticism leveled at a technocratic figure that …
Jakub Parusinski

Debt reaches $126 billion but declines as percentage of gross domestic product

There is no reason to panic, however, as Dragon Capital points out that debt as a percentage of gross domestic product declined by 9.5 percentage …

Donetskoblenergo renamed as DTEK Donetskoblenergo

Ukraine’s largest private vertically integrated energy holding DTEK said on the London Stock Exchange that the shareholders also approved the results …
Interfax-Ukraine

Naftogaz Ukrainy selects Gazprombank for $2 billion credit line

A company statement says the cost of servicing the seven-year (2012-2019) credit line will be almost $1.540 billion. The acceptance date was March …
Interfax-Ukraine

Yanukovych says its unfair to shift consequences of high gas price onto public

"We currently buy gas at the highest price in Europe. Every month for the last two years we’ve failed to raise $500 million as revenues from the …
Interfax-Ukraine

Tax service: More than 300 millionaires registered in Ukraine

According to the service, 200,000 citizens have declared their incomes for 2011 since the start of 2012. "They declared income of over Hr 5 billion, …
Interfax-Ukraine

PACE co-rapporteurs complain to Lytvyn they were not allowed to see Tymoshenko

The PACE co-rapporteurs complained about this at a meeting with Verkhovna Rada Speaker Volodymyr Lytvyn in Kyiv on Wednesday. Lytvyn, in turn, said …
Interfax-Ukraine

Crimean premier offers Firtash to invest in agricultural development of peninsula

At a press conference in Simferopol on March 27, Mohyliov said that Firtash, who is chairman of the Council of the Federation of Employers of Ukraine, …
Interfax-Ukraine

Forecast wholesale market price of electricity in Ukraine to grow by 1.3% from April 2012

The commission expects that in 2012 the forecast price of electricity on the wholesale electricity market will grow by only 10%. As reported, the …
Interfax-Ukraine

Ukrainian Journal: New economy minister trying to woo Russia

Interns

Naftogaz predicts reduction in price of Russian gas in 2012

"I think that that [the price] will be slightly lower than in the first quarter [about $416 per 1,000 cubic meters]," he said in Kyiv on March …
Interfax-Ukraine
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