•The Donbas blockade’s impact on the Ukrainian economy will definitely be negative, but experts polled by Interfax Ukraine vary in their predictions of how much damage it will do. Meanwhile, the central bank weighed in by lowering its GDP growth forecast for the year to 1.9 percent because of the blockade.
•Finance Minister Oleksandr Danyliuk said Ukraine will provide an update to the International Monetary Fund on Tuesday or Wednesday that takes into account the effects of the Donbas blockade, Interfax Ukraine reported.
•Year-on-year retail trade in Ukraine over the first two months of the year grew slightly, but in February it shrank nearly 4 percent from the previous month, according to the State Statistics Service.
•Forbes’ annual list of global billionaires features a six-pack of Ukrainians. Tycoon Rinat Akhmetov, whose Metinvest Group is Ukraine’s largest private company, leads the group with a net worth of $4.6 billion. He is No. 359 in this year’s rankings. PrivatBank founders Hennady Boholiubov and Ihor Kolomoisky joined Victor Pinchuk, Yuriy Kosiuk and Konstantyn Zhevago on the list.
•ArcelorMittal Kryviy Rih, the country’s largest steelmaker, posted a net profit of $100 million in 2016, nearly double the 2015 figure of $51.3 million, Unian reported.
•In the first two months of the year, Ukrzaliznytsia transported 9 percent more cargo than it did in the same period last year, according to the company’s website, Ukrinform reported.
•With 2.3 percent economic growth in 2016, Ukraine reversed four consecutive years of decline in its economy, the State Statistics Service announced. The government’s latest figure bumps up the official measure by 0.1 percentage points.
•As of March 17, 53 companies had applied for parcels in the Chernobyl exclusion zone as sites for solar energy arrays, according to Ukrainski Novyny.
•Russia's Sberbank is seeking a way to make a quick exit from the Ukrainian market as pressure from both the authorities and the public builds, Novoe Vremya reported.
•Partnering with the UN’s Food and Agriculture Organization, the Agriculture Ministry is working on its piece of a national strategy for adapting to climate change, according to Ukrinform.
•Belarus imposed temporary restrictions on imports of live pigs, pork and pork products from the Kherson region because of African swine fever concerns.
For comments and news tips, contact UBJ AM editor David Edwards at email@example.com.
The UBJ website, like most websites, uses small text files called cookies. This note provides information on what cookies are, which cookies The UBJ uses, and how they can be controlled.
If you wish to restrict or block cookies you can set your internet browser to do so- click on the following link for further information: Cookies statement
- What are cookies?
- Which cookies does The UBJ use?
- How to control cookies
- Full list of cookies used by The UBJ
Read about Cookie Statement
Welcome to the UBJ
The UBJ is a subscription based service specifically designed for senior executives. To use the service, please Register and we will automatically grant you 7 days Free access! Or Subscribe online and get 15% discount immediately (promocode UBJ000555). We hope you will enjoy using the site over this period and come to the conclusion that it is an indispensable intelligence service on all that is happening in what is Europe's new frontier economy.
To subscribe immediately please click the link:
If you have already Registered and you see this window, all you need to do is to Subscribe.
I already have an account Sign in