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UBJ AM News: Apr. 28, 2017
Vitalii Dubenskyi
Ukrainian Railways launches 5-year, $5 billion modernization plan; IMF expects Ukraine to launch land market ASAP; Gazprom increases claims to Naftogaz to $37 bln.
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

Ukrainian Railway’s management has approved a $5 billion modernization strategy through 2021, according to the company’s press release.

• The International Monetary Fund expects Ukraine to launch a market for state-owned and private farm land, Jerome Vacher, IMF Resident Representative in Ukraine, told an international conference of agricultural investors, UNIAN reported.

• Since 2010, the International Finance Corporation (IFC) has invested $900 million in the development of Ukraine’s agricultural sector. It plans to continue to pay special attention to farming, Ukrinform reported.

• Ukraine has entered the Top 5 ranking of the world's largest mustard producers, the Ukrainian Agribusiness Club reported.

• The consolidated net profit of Motor Sich in the first quarter of 2017 amounted to $54.6 million -- 4.8 times higher than for the same period in 2016, the company's quarterly report said.

• State-owned enterprise Boryspil International Airport doubled its net profit in January-March 2017 year-over-year, to $14 million, financial report of the airport said.

• The number of banks with a 'problem' status has reduced from five to three, Deputy Governor of the National Bank Kateryna Rozhkova has told Minfin financial portal.

• Russia's gas monopoly Gazprom has increased its claims in Stockholm Arbitration against Naftogaz from $31.7 billion to $37 billion, according to RIA Novosti.

• In Ukraine, a large-scale campaign to sell state-owned assets should begin this year, Prime Minister Volodymyr Groysman told heads of foreign diplomatic missions, Ukrinform reported.

• Ukraine, Slovenia and Norway rank as the most equal nations in the world, according to the Guardian. The study was conducted in 140 countries around the world and included different ranking systems – from wealth distribution to the World Happiness Report.


For comments and news tips, please email UBJ AM editor Vitalii Dubenskyi at vitalii.dubenskyi@theubj.com

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