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PM Groysman says external financial support crucial for economic growth

KYIV, Feb 14 - Prime Minister Volodymyr Groysman said Ukraine is still dependent on external financial support for economic growth.

"We are spending UAH 130 billion on external debt servicing. We cannot independently develop the economy without external financial support," he said, presenting the results of the Cabinet of Ministers' work for 2017 at a government session.


Ryanair low cost airline to start flying to Ukraine in fall 2018: board member

KYIV, Feb 15 – A member of Ryanair board Juliusz Komorek confirmed plans earlier announced by Ukrainian Infrastructure Minister Volodymyr Omelyan to launch flights from Ukraine in autumn 2018.


Grain, steel exports, T-bill purchases help to support hryvnias: NBU

KYIV, Feb 15 – Strong hard currency earnings by grain exporters and steelmakers as well as foreign investors buying Treasury bills helped boost local currency, the hryvnia, in February, the National Bank of Ukraine (NBU) said Thursday.


Ukraine plans meeting with European firms seeking to manage gas pipelines

KYIV, Feb. 15 - Ukraine will next week hold the first meeting with seven European energy companies seeking to win the right to manage the country’s natural gas pipelines, an official said Thursday.


25% rail cargo tariff hike is unreasonable, says Rada committee chair

KIEV, Feb. 15 – The initiative of Ukrzaliznytsia to increase the cargo transportation tariffs by rail in 2017 by 25% is unreasonable now, the tariffs should be increased no earlier than summer and the percentage by which they will be increased should be set much lower, said an MP.


Railway blockade forces shutdown of Luhansk region iron smelter

KIEV, Feb. 15 - Facing a lack of iron ore supplied by Ukrainian mining companies, Alchevsk Steel Works (Luhansk region), under control of Industrial Union of Donbas (ISD), has halted smelting cast iron.

"We stopped operations due to blocking of railways and a lack of iron ore supplied from Metinvest's mining enterprises," the enterprise told Interfax-Ukraine on Tuesday.


Most top Ukraine banks require additional capitalization, NBU reports

KIEV. Feb 13 – Nine banks out of 35 largest Ukrainian banks have finished the additional capitalization programs and restructuring plans after stress tests conducted as of February 1, 2017 and 11 initially did not require additional capitalization, the National Bank of Ukraine reported on Monday.


PM denies using Rotterdam prices to calculate electricity tariff

KIEV, Feb. 14 – Prime Minister Volodymyr Groysman denies accusations that the tariff for electricity in Ukraine is calculated on the basis of existing coal prices at the Rotterdam port, stressing that today the coal price in the tariff is 41.2% less than the price in Rotterdam.


Gazprom: Stockholm Naftogaz arbitration ruling expected by April 30

MOSCOW, Feb. 14 - Gazprom expects a decision to be made by the Stockholm arbitration court on Naftogaz's gas debt by the end of April.

Earlier a decision was expected to be made by the end of March.


Shadow economy reported at 35% of GDP, down from 40% the prior year

KIEV, Feb. 15 – The shadow economy in Ukraine in January-September 2016 totaled 35% of GDP, which is 5 percentage points less than a year ago, the Economic Development and Trade Ministry reported.


    Archive of Business
Currencies (in hryvnias)
  21.03.2025 prev
USD 41.54 41.57
RUR 0.489 0.497
EUR 45.00 45.32

Stock Market
  20.03.2025 prev
PFTS 507.0 507.0
source: PFTS

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