Business news from Ukraine

Business news from Ukraine

MAIN PIPE ENTERPRISES OF UKRAINE INCREASE METAL PIPE PRODUCTION BY 6.2%

The main pipe enterprises of Ukraine in January-September 2018 increased production of pipes from ferrous metals by 6.2% compared to the same period in 2017, to 831,200 tonnes, including 97,400 tonnes in September. The Ukrtruboprom association told Interfax-Ukraine the enterprises of the association for the three quarters of the year raised production of pipes by 17.8%, to 610,900 tonnes, in September to 64,900 tonnes.
Khartsyzsk Pipe Plant (Donetsk region), located in the government uncontrolled zone, remained idle in January-September 2018, while in January-September 2017 it made 3,400 tonnes of pipes.
Pipe production at Interpipe Nyzhniodniprovsky Pipe Rolling Plant in the period rose by 15.9% compared to January-September 2017, to 220,000 tonnes (22,400 tonnes in September), Interpipe Novomoskovsk Pipe Plant increased output by 18.8%, to 85,300 tonnes (11,900 tonnes), while Interpipe Niko Tube raised production by 26.5%, to 276,600 tonnes (28,300 tonnes).
Dnipropetrovsk Pipe decreased pipe production by 18%, to 12,300 tonnes, making 500 tonnes in September. Production at Centravis grew by 5.8%, being 14,500 tonnes of stainless pipes (1,600 tonnes).

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NATIONAL BANK EXPECTS FIRST IMF TRANCHE UNDER STAND-BY ARRANGEMENT TO BE PROVIDED THIS YEAR

Governor of the National Bank of Ukraine (NBU) Yakiv Smolii does not rule out that a first tranche under the new Stand-By Arrangement (SBA) from the International Monetary Fund (IMF) could arrive this year. “For the time being we cannot talk about exact deadlines, since the decision will be made by the IMF board. We expect it to take place in December, and we can expect to receive a tranche this year,” he said at a monetary briefing in Kyiv.
As reported, the International Monetary Fund (IMF) staff and Ukraine have reached an agreement on economic policies for a new 14-month Stand-By Arrangement (SBA), which will replace the arrangement under the Extended Fund Facility (EFF), approved in March 2015 and set to expire in March 2019.
The agreement is subject to approval by the fund’s management and approval by its board of directors. The board’s meeting is expected to take place at the end of the year after the Verkhovna Rada adopts the national budget for 2019 in accordance with the recommendations of the IMF and the increase in gas and heating tariffs for households, reflecting market trends while maintaining support for low-income consumers.

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LUKASHENKO AND POROSHENKO TO TAKE PART IN FORUM OF REGIONS IN GOMEL

President of Belarus Alexander Lukashenko will take part in the plenary session of the first Forum of the Regions of Belarus and Ukraine, which will be held in Gomel on Friday, the presidential press service of Belarus has reported. “It is expected that President of Ukraine Petro Poroshenko will also attend the event. Before the participation and speeches at the main platform of the forum, the presidents hold a one-to-one meeting. The main focus of the talks will be on trade development, economic and investment cooperation of the two countries through the prism of the potential of direct contacts at the regional level,” the press service noted.
They also informed that following the results of the forum, the signing of a number of documents and the conclusion of agreements aimed at expanding cooperation in the whole range of areas of Belarusian-Ukrainian cooperation are expected.

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TURKISH AIRLINES TO INCREASE FREQUENCY OF KYIV-ISTANBUL FLIGHTS TO 21 A WEEK

Turkish Airlines from November 15, 2018 will increase frequency of the Istanbul-Kyiv-Istanbul flight by five, to 21 flights a week, and from February 18, 2019 – by three more, to 24 flights a week. As reported, Turkish Airlines from September 25, 2018 increased the frequency of Odesa-Istanbul flights by three, to 21 times a week.
Turkish Airlines in 2017 served more than 600,000 passengers on its own flights to/from Ukraine, which is 18% more than in 2016.
The flight schedule of Turkish Airlines in Ukraine covers Kyiv, Odesa, Lviv, Zaporizhia, Kherson and Kharkiv.
Turkish Airlines (Türk Hava Yolları, THY) was established in 1933 with a fleet of five aircraft. For today has an air fleet of 329 passenger and cargo aircraft.

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