Business

Social program could empty state coffers

The program is ambitious, perhaps fatally so, and foresees a Hr 100 increase in pensions to over nine million pensioners and the return of Hr 1,000 to …
Jakub Parusinski

Inflation, growth slow in sluggish economy

Yet this is a mixed blessing for struggling Ukrainian households, as a slowdown in cost of living hikes comes with weaker economic growth. The ongoing …
Jakub Parusinski

Investments on hold as farmland battle intensifies

Long-awaited changes were supposed to be adopted by parliament in 2011 to create an agricultural land market, stripping Ukraine of another of its …
Oksana Grytsenko

Competing European, Russian trade blocs offer little boost for nation’s agribusinesses

The debate that has raged in recent months over whether Ukraine should sign a free-trade agreement with the European Union or enter a Russia-led …
Jakub Parusinski

Glencore expands presence in Ukraine with $80 million acquisition

According to informed sources the deal is worth $80 million and is set to further boost Ukraine’s agro sector. Ukraine is currently the world’s top …
Jakub Parusinski

Ukraine’s agribusiness majors weather trade bans, extreme cold

The 2011 harvest season started off with a record grain crop of 57 million tons. Since then, however, the sector has run into a number of problems, …
Jakub Parusinski

Air France-KLM reports $1 billion loss for 2011

The Franco-Dutch airline said that a 4.5 percent increase in revenue to €24.7 billion ($32.4 billion) wasn’t enough to offset the high cost of jet …
Interns

COO Jeff Mitchell tapped as interim CEO of Vanco to replace Gene Van Dyke

Mitchell joined Vanco in 2003 and has held a series of senior positions with increasing responsibility. He was appointed a director in 2006 and …
Interfax-Ukraine

Dniproenergo tender commission to offer final stockholding price to DTEK on March 12

DTEK, which was the only bidder for the 25% stake in Dniproenergo, offered Hr 1.174 billion, which was Hr 100,000 more than the starting …
Interfax-Ukraine

ArcelorMittal boosts sales in Russia 56% in 2011, revenue up 20%

The company’s total sales revenue increased by 20.4% to $93.973 billion. The company’s sales in North and South America came to $33.231 billion …
Interfax-Ukraine

Russia, Ukraine to conduct joint tests of An-70 this year

"Work on organizing the mass production of the An-70 military transport aircraft is continuing. Joint tests of the aircraft are scheduled for 2012," …
Interfax-Ukraine

NBU: Ukrainians buy $373 million more in foreign currency than they sell in February

The NBU reported that individuals bought $1.44 billion from banks and sold $1.07 billion in February, which was 8.7% down and 4.5% up on the …
Interfax-Ukraine

Kyiv factory of sparkling wine posts 27.3% fall in net profit in 2011

According to a company report, its assets last year grew by 25.5%, to Hr 204.5 million. Its undistributed profit in 2011 was Hr 75.3 million, against …
Interfax-Ukraine

Kremenchuk car assembly plant to cut output in March due to shortage of components

The plant in March will produce about 300-360 cars, while in February it produced about 480 cars. "The Black Sea froze over, there were problems with …
Interfax-Ukraine

Utility Week: European banks link Ukraine gas repair loan to liberalisation

Interns

Yanukovych proposes switching to state regulation of prices for medicines

"I’m instructing the government to gradually introduce a European-style reference price approach to the state regulation of prices for medicines," …
Interfax-Ukraine

Ukrainian Journal: Ukraine rejects IMF 50% gas hike demand

Interns

Dniproenergo borrows Hr 100 million from Oschadbank

The sides signed a loan agreement on February 29, 2012, according to a report in the Visnyk Derzhavnykh Zakupivel state procurements bulletin. The …
Interfax-Ukraine
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