20:57 PM Monday, July 16, 2018
UBJ AM July 6, 2017
EU raising wheat, corn and honey import quotas from Ukraine; EBRD looks at $170 million loan to Ukraine Railways; Ukraine average wage jumps 37 percent
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• The European Parliament voted to increase quotas for imports of key Ukrainian agricultural products, Interfax reports. Earlier, a Europarl committee proposed raising barley by 130%, corn by 156%, wheat by 7%, oats by 100% and honey by 50%. The amounts have yet to be confirmed. The new quotas will last for up to three years.

• A record volume of sunflower oil was exported from Ukraine in June. Big purchasers were: France, the UK, Spain, Iran, and Malaysia. Sunflower oil is high in monounsaturated fats, which gives it a longer shelf life than olive or canola cooking oil.

• A delegation from the World Bank is in Kyiv this week to asses “the progress of reforms in the ease of doing business,” according to Ukraine’s Trade Ministry.

• The EBRD is talking with state-run Ukrainian Railways about a $170 million loan to improve the railway system. The railroad plans to invest up to $6.1 billion over the next five years to modernize the country's rail infrastructure.

• Ukraine saw a 37.2% increase in the average wage in May 2017, compared to May 2016, according to the State Statistics Service.

• Ukrainian officials have announced that they foiled a second cyberattack, suggesting a continuation of the offensive that crippled the country over the past week, the Associated Press reported.

• State pension reforms are expected to be passed after parliament’s summer break, Finance Minister Oleksandr Danylyuk said Wednesday. The pension reform plan must be implemented before Ukraine can receive more IMF aid.

For comments or story tips, please email UBJ AM News Reporter Mark Satter at

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