The pace of the Ukrainian economy lags behind the potential pace in the conditions of faster growth of GDP of European developing countries, Resident Representative of the International Monetary Fund (IMF) in Ukraine Goesta Ljungman has said.
Capital investments in Ukraine in January-September 2018 increased by 19.9%, while in January-September 2017 by 20.7%, the State Statistics Service has reported.
The National Bank of Ukraine (NBU) predicts a slowdown in economic growth in Ukraine in the third quarter of 2018 compared to the same period of 2017 to 3.1% from 3.8% in the second quarter.
The growth of Ukraine’s gross domestic product (GDP) in the third quarter of 2018 was 2.8% compared to the same period of 2017, while in the second quarter it was 3.8%, in the first quarter some 3.1%, such assessment has been posted by the State Statistics Service.
Real wages in Ukraine in October 2018 compared with October 2017 increased by 14.2%, compared with September 2018 it increased by 0.2%, the State Statistics Service has reported.
The deficit of Ukraine’s foreign trade in goods in January-September 2018 increased by 61.4% compared to January-September 2017, to $6.47 billion, the State Statistics Service of Ukraine said.
The deficit of Ukraine’s balance of foreign trade in January-September 2018 totaled $3.45 billion, growing 3.1-fold year-over-year, the State Statistics Service reported.
The surplus of Ukraine’s foreign trade in services in January-September 2018 increased by 18.1% compared to the same period in 2017, to $4.632 billion (in January-September 2017 some $3.921 billion), the State Statistics Service has reported.
Consumer prices in Ukraine, after rising by 1.9% in September, rose by another 1.7% in October, and since the beginning of the year their growth reached 7.4%, the State Statistics Service has reported.
Industrial prices in Ukraine in October 2018 increased by 0.3% after rising by 1.2% in September, 1.3% in August and 1.6% in July, the State Statistics Service has reported.
The deficit of the national budget of Ukraine in January-October 2018 was UAH 7.17 billion with the ceiling approved in the law on the national budget being UAH 80.6 billion, while in October its surplus was UAH 1.14 billion, the State Treasury Service has said.
The Cabinet of Ministers of Ukraine has submitted the reviewed draft national budget for 2019 to the Verkhovna Rada (bill No. 9000), boosting its revenue by 1.8%, to UAH 1.019 trillion and expenses – by 1.6%, to UAH 1.112 trillion, according to the document posted on the parliaments’ website.
The amount of the first tranche under the new Stand-By Arrangement (SBA) with the International Monetary Fund (IMF) could be $1.5-1.9 billion, First Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova has said.
Money supply in Ukraine in October 2018 decreased by 0.4% and amounted to UAH 1.245 trillion, the corresponding preliminary data of monetary statistics have been posted on the website of the National Bank of Ukraine (NBU).
The aggregate state (direct) and state-guaranteed debt of Ukraine in October 2018 decreased by 0.46%, or by $0.34 billion, to $74.32 billion, according to the website of the Ministry of Finance.
The international reserves of Ukraine in October 2018 increased by 0.6% and as of November 1 amounted to $16.737 billion, the corresponding preliminary data have been posted on the website of the National Bank of Ukraine (NBU).
Ending stocks on the single account of the State Treasury Service of Ukraine as of early November 2018 totaled UAH 14.64 billion (a 33% decline), the State Treasury Service reported.
Industrial production in Ukraine in October 2018 resumed growth, increasing by 1.4% compared to October 2017, after two months of the decline being 1.3% in September and 0.5% in August 2017, the State Statistics Service has said.
Mriya agricultural holding is closing its office in Kyiv, employees are being transferred to offices in Ternopil and Lviv for boosting production effectiveness, the company’s press service has reported. “In connection with the successful completion of the debt restructuring process, Mriya no longer needs a representative office in Kyiv. Now the company is negotiating with employees about the possibility of moving them to a permanent place of employment in the offices in Ternopil and Lviv,” the agricultural holding said .
The company said that the main task for next year is to increase production efficiency and work directly at the location of assets, which will allow employees to respond quickly to challenges and get involved as much as possible in the production process.
Mriya is a vertically integrated agribusiness holding, founded by Ivan Huta in 1992. Today, its land bank is 165,000 ha. The capacities of the holding’s grain storage facilities are estimated at 380,000 tonnes.
BASF Concern, a leading global chemical company, has started production of innovative fungicide Revysol. According to a press release of the company, first market introductions are expected for the 2019/2020 season, and it would enter the Ukrainian market in 2023-2025.
“BASF has started production of its latest fungicide innovation Revysol at its site in Hannibal. Pending regulatory approval, first market introductions are expected for the 2019/2020 season. With an investment in the double-digit million euro range, BASF has enhanced an existing manufacturing system to produce the new active ingredient,” BASF said in the report.
The company said that Revysol “has the potential of reaching peak sales above EUR 1 billion.” BASF has applied for registration of Revysol in 60 countries across Europe, Asia and the Americas for more than 40 crops.
“The proprietary compound was designed to meet the high level of regulatory standards while demonstrating an outstanding performance and selectivity in a broad range of row and specialty crops. Revysol will be available in customized formulations to farmers across the globe and enable them to better protect their crops under various growing conditions,” the company said.
