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6:09 AM Saturday, November 18, 2017
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UBJ AM News: Nov. 18, 2016
The United States and Britain allocated $19 million for Ukraine to introduce e-governance, President Poroshenko introduced a bill to ratify Ukraine-Canada free trade agreement, and Ukraine has begun searching for oil and natural gas in the Black Sea shelf
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

The United States and Britain allocated $19 million for Ukraine to introduce e-governance, Ukrinform reported. The project is designed to support Ukraine’s efforts to root out corruption by making government more transparent and accountable.

President Petro Poroshenko introduced a bill to ratify the bilateral economic and free trade agreement Ukraine signed with Canada this summer. The accord will provide Ukrainian producers with duty-free access to the Canadian market and is expected to create new jobs in Ukraine among other benefits.

Ukraine’s losses from restrictions in economic cooperation with Russia are estimated at $900 million in 2016, according to Ukrainian Deputy Minister of Economic Development and Trade Natalia Mikolskaya.

Multiple outlets reported that the International Monetary Fund’s fact-finding mission in Ukraine has wrapped up its work. A tranche of an IMF loan now hangs in the balance.

Ukraine has begun searching for oil and natural gas on the Black Sea shelf, Ekonomicheskaya Pravda and others reported. The southern part of the country has been scarcely explored for oil and gas but is considered to have high potential.

Demand for new automobiles in Ukraine grew 40 percent between January and October, Korrespondent reported. Sales of vehicles by Toyota, Renault and Volkswagen increased the most.

According to a report in Ekonomicheskaya Pravda, Austrian banker Uwe Christian Eschner is looking to buy Investbank. Founded in 1992, the Odessa financial institution ranks No. 76 out of 100 in total assets, according to the NBU.

Ukraine’s shadow economy accounted for 38 percent of GDP in the first half of this year, as reported by Ekonomicheskaya Pravda. That’s a drop of 4 percentage points from the same period last year.

Novoe Vremya reported that Poland gives a big hand Ukrainian beekeepers, as 95 percent of the European market’s honey from Ukraine passes through Poland, said Adam Mosch, a manager at the Polish firm Corpo. Polish Radio said that Ukrainian honey has a major advantage over its Polish counterpart because it has a standout price by comparison.

Interfax Ukraine reported that Vodafone Ukraine revenues were up 11 percent.

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