May 13, 2010

The National Bank of Ukraine (NBU) intends to continue buying up surplus dollars on the interbank market. The regulator plans to buy around 1.5bn of the currency in May and thus to raise the volume of international gold and currency reserves to US $28bn by the end of the current month, noted Valeriy Lytvytskiy, head of the group of

May 6, 2010

The European Bank of Reconstruction and Development (EBRD) is prepared to lend Ukraine more than US $1 billion to carry out a series of investment projects in 2010, according to statement issued by EBRD President Tomas Mirov.

“If all these projects are completed on time, I think that we should see this amount go to well over US $1 b

May 5, 2010

The Ukrainian group, Industrial Union of Donbas (ISD), and the Litat Group have signed an agreement to supply 4.8 million tonnes of rolled steel to the Middle East in 2010.

Plans are to deliver 3.6mn t of sheet metal and 1.2mn t of steel slabs. The contract requires preliminary financing of production on the order of the Litat Group.

April 28, 2010

With exports on the rise, Ukraine’s economy began to recover over February-March, according to Troika Dialog Ukraine, an investment consultancy. Output in the basic sectors of the economy rose 4.1% compared to the previous year as industry and agriculture recovered, say company analysts.

“Although inflation picked up to 11.5% in F