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Ukraine may get defense sector investment after audit: former DARPA chief

KYIV, May 11 – Ukraine may get foreign investment in the defense sector after an independent audit of Ukroboronprom by a company working with the U.S. defense sector, Anthony Tether, former head of the U.S. Defense Advanced Research Projects Agency (DARPA), said.


NBU forecasts Ukraine’s consumer inflation at 8.9% in 2018

KYIV, May 11 - The National Bank of Ukraine confirmed the forecast for 2018 inflation at 8.9% in April.

"According to the estimates of the National Bank, the deviation of the actual inflation in April from the forecast is insignificant and can be leveled out in the following months. In addition, the monetary conditions are still tough enough to ensure a gradual decline in consumer inflation in accordance with the forecast of the National Bank (8.9% year-on-year at the end of 2018) and its return to the target range in mid-2019," the NBU reported.


Ukrenergo to upgrade Mykolaiv substation for Voskhod solar power plant

KYIV, May 14 – Ukraine’s power grid Ukrenergo plans to finish reconstruction of the Berezan 220/3510 kV substation in Mykolaiv region to accept electricity from a solar power plant of Voskhod Solar LLC with the installed capacity of 53.4 MW, the company reported.


Two Ukrainians apply to NBU to purchase stake in Prominvestbank

KIEV, May 12 – Two Ukrainian citizens in April submitted packages of documents to the National Bank of Ukraine to obtain its approval for the acquisition of a direct stake in Prominvestbank (Kiev), the central bank told Interfax-Ukraine.


Naftogaz awaiting Arbitration Institute Gazprom case decision

KIEV, May 11 – Naftogaz Ukrayiny expects that the Arbitration Institute of the Stockholm Chamber of Commerce will make a decision in the Gazprom gas contract case in May, Naftogaz Commercial Director Yuriy Vitrenko said.


Industrial price rise slowed in April, driven by metal ore price drop

KIEV, May 11 - Industrial prices in Ukraine in April 2017 grew by 1.6%, while in March they rose by 3.5% and in February by 3.1%, the State Statistics Service reported.


Inflation declined last month, according to government report

KIEV, May 11 - Inflation in Ukraine fell to 0.9% in April from 1.8% in March, 1% in February and 1.1% in January, the State Statistics Service reported.


Cabinet of Ministers extends electricity market state of emergency

KIEV, May 11 – Ukraine's Cabinet of Ministers at a meeting on Wednesday extended the state of emergency in the electricity market introduced three months ago for one more month.


State rail company defaults on debt, seeks to restructure eurobonds

KIEV, May 12 – State-owned Ukrzaliznytsia, which unites all of Ukraine's railway companies, has notified creditors of the occurrence of a technical default on its debt obligations, a cross-default on eurobonds worth $500 million and has announced its plan to restructure its internal and external debts worth UAH 32 billion.


Government to sell Odessa port-side chemical plant this year

KIEV, May 13 - The government has included Odessa port-side chemical plant (with a state stake of 99.567%), Sumykhimprom (99.995%), Centrenergo (78.29%) and all other remaining state stakes in thermal generation companies and regional energy supply companies in the list of companies to be privatized in 2015.
According to Cabinet resolution No. 271 of May 12 on conducting transparent and competitive privatization in 2015, which has been posted on the government's website, the list also includes state-owned coal enterprises and mines, Ukrtorf concern, Elektronmash, President-Hotel and seaports, however the Verkhovna Rada's permission needs to be obtained for the sale of maritime ports.


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