Business news from Ukraine

UKRAINIAN CHEESE EXPORT RISES BY 24%, IMPORTS BY 39% IN Q1

Ukraine in January-March 2018 exported 1,920 tonnes of cheese, which is 23.9% more than in the same period in 2017. According to customs statistics released by the State Fiscal Service, in monetary terms exports increased by 1.4 times, to $7.23 million.
Imports of cheese in January-March 2018 amounted to 2,830 tonnes of cheese, which is 39.4% more than in the same period in 2017. In monetary terms, this figure grew by 1.6 times, to $14.44 million.
Export of butter from Ukraine in January-March increased by 2.6 times, to 9,070 tonnes. In monetary terms, it amounted to $38.7 million compared to $12.77 million for the same period in 2017. Imports of this commodity, according to the service, grew by 2.75 times, to 297 tonnes ($1.82 million).
Export of milk and cream (condensed) in January-March 2018 decreased by 1.3 times, to 7,720 tonnes. Ukraine supplied condensed milk and cream for a total of $13.12 million, which is 26.8% less than in January-March 2017.

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UKRAINE CUTS GAS IMPORTS BY 56% IN THE FIRST QUARTER

Ukraine in January-March 2018 reduced natural gas imports by 56.5% (by 2.404 billion cubic meters) compared to the same period in 2017, to 1.819 billion cubic meters, according to data from PJSC Ukrtransgaz. According to calculations made by Interfax-Ukraine, in particular 1.248 billion cubic meters were received from Slovakia in January-March 2018 (65.7% less compared to January-March 2017), 339.7 million cubic meters from Hungary (37% up), and 231.1 million cubic meters from Poland (31.3% down).
Imports in March 2018 amounted to 673.9 million cubic meters of gas, which is 52.4% less than in March 2017 (1.403 billion cubic meters).
At the same time, Ukraine has not imported natural gas under the contract with Gazprom for more than two years (since November 26, 2015), purchasing it exclusively on its western border.
Ukrtransgaz, 100% owned by Naftogaz Ukrainy, operates a system of trunk gas pipelines and 12 underground gas storage facilities in the country.

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