News

Ukraine’s GDP grew 2.5% over January-July 2010

In July 2010, Ukraine’s GDP rose 2.5% over the same period of 2009 and 5.0% for the first seven months of 2010, according to the National Bank of Ukraine.

Investors busy putting money into Crimea

In H1’10, UAH 1.821bn (USD $227mn) in capital investment found its way into Crimea’s economy.

Farm Fund has more cash than in the last 5 years

Today, Ukraine’s Farm Fund has more money than for the last five years, according to a statement by Farm Fund Deputy Chair Oleksandr Lavrynchuk.

Ukraine prepares to set quotas on grain exports

Government officials have been transparently hinting and market players have been openly stating that Ukraine is likely to institute quotas on grain exports this week.

Ukraine’s GDP continues to rise

Ukraine’s Gross Domestic Product (GDP) grew a further 6% during Q2’10, according to Derzhkomstat, Ukraine’s statistics agency.

Ukraine sees 0.2% deflation in July 2010

Ukraine saw prices shrink 0.2% in July 2010, compared to June, according to a report from Derzhkomstat, Ukraine’s state statistics agency.

Government tries to save grain crop

Despite serious droughts, Ukraine has had a reasonably good harvest of early grain crops.

Over 2mn t of new grain crop sold on exchanges at end July

Ukraine’s Ministry of Agricultural Policy announced that as of July 30, 2010, 2.1mn t of newly-harvested grains was sold on the country’s exchanges, including 874,000 t in spot trades and 1.2mn t on forward contracts.

Ukraine’s farm sector 90% ready for market relations

Ukraine’s Agricultural Policy Minister Mykola Prysiazhniuk expressed confidence that the country’s agricultural sector is 90% ready to completely switch to operating under market conditions.