LUGANO, June 5 – The VitAgro group of companies, a large Ukrainian agro-industrial group, has chosen the production of biomethane and bioethanol, as well as the deep processing of corn and soybeans, as new strategic initiatives, said Serhiy Savchuk, the investment and business development director.

KYIV, June 5 – The ban on the export of wheat, barley, rapeseed and sunflower seeds from Ukraine to Poland, Hungary, Slovakia, Romania and Bulgaria, introduced on May 2 for the period until June 5, will be extended until September 15, Minister of Agriculture and Rural Development of Poland Robert Telus said.

KYIV, June 5 – Upward trends in the foreign exchange market and a favorable macroeconomic background have allowed Dragon Capital investment company to improve the forecast for the hryvnia exchange rate at the end of this year to UAH 39/$1 from UAH 43/$1.

KYIV, June 6 – Ukrnafta sets a strategic goal until 2027 to ensure Ukraine's energy independence in the supply of petroleum products by doubling the volume of oil and gas production, the Verkhovna Rada Committee on Energy and Housing and Public Utilities reported on Tuesday, citing company CEO Serhiy Koretsky.

KYIV, June 6 – ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) has suspended steel production due to the blowing up of the dam of the Kakhovka hydroelectric power plant (HPP) by the invaders in order to reduce water consumption in critical conditions.

KYIV, June 5 – The Cabinet of Ministers has approved the concept of the state economic program for treatment with spent nuclear fuel (SNF) from domestic nuclear power plants (NPP) for the period until 2024.

KYIV, June 5 – President Volodymyr Zelenskiy said he plans to meet with business leaders in June to invite them to invest in infrastructure in Donbas.

KYIV, June 6 – The National Bank of Ukraine (NBU) has found it difficult to precisely assess the impact of the launch of the new model of the electricity market from July 1, although the central bank said that this factor would slightly impact inflation over the low share of electricity of the consumer basket.

KYIV, June 6 – Naftogaz Ukrayiny in pursuance of the government resolution adopted on June 5 should reduce the price of gas for the population, set by it at UAH 6,299 per 1,000 cubic meters for June 2019 (excluding VAT), by UAH 800-900, Deputy Prime Minister Volodymyr Kistion said.

KYIV, June 6 – Some 60% of Ukrainian citizens use financial products, and only 12% of them have deposits, USAID Deputy Project Manager Yulia Vitka has said when presenting the debut survey of financial literacy of the population of Ukraine according to the method of the Organization for Economic Cooperation and Development (OECD).