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04.11.2008
The Economics Ministry is proposing that the Cabinet of Ministers impose a limit of 12% on the rate of profit on basic food products.
The Economics Ministry made this proposal in its draft amendments to the Cabinet of Ministers resolution No. 1548 entitled «On Establishing the Powers of Executive Organs of Government and the Executive Organs of Municipal councils to Regulate Prices (Tariffs).»
The Economics Ministry is proposing that this profit rate should be established for wheat flour of the superior, first, and second grades, rye flour, bread and bakery products, pasta products, cereals, beef, pork, poultry, smoked sausages (excluding superior grade), milk with up to 2.5% fat, curd with up to 9% fat, sour cream with up to 20% fat, eggs, granulated sugar, and sunflower oil.
 03.11.2008
Yevhen Cherniak, owner of the Khortytsia trade mark, is sure of the shadow alcohol beverage market to be down as the government has introduced minimum retail prices for alcoholic beverages.
Ukrainian News learned this from the company's press service.
"The government agreed on October 30 the resolution on setting minimum prices for certain types of Ukrainian-made alcohol beverages", the statement says.
Thus, The Cabinet has charged the minimum vodka price at UAH 70 per liter of 100% spirit, i.e. UAH 14 per 0.5 liter of vodka; three-star cognac will cost UAH 125 per liter of 100% spirit, i.e. UAH 25 per 0.5 liter of three-star cognac. The minimum price for four-star cognac has been established at UAH 140 per liter of 100% of spirit, i.e. UAH 28.01 per 0.5 liter of four-star cognac, five-star cognac UAH 160 per liter of 100% spirit, i.e. UAH 32 per 0.5 liter of five-star cognac.
 03.11.2008
The Ukrainian automobile corporation (UkrAvto), intends to build up exports because of financial crisis and decreasing sales at the domestic market.
The corporation press service announced this in a statement, the text of which Ukrainian News has obtained.
"In this situation, aggravated by Ukraine's admission to the World Trade Organization (WTO) and the fallen volumes of SKD (car assembly) production, we have to re-orient to markets not exposed to serious slowdown, optimize basic automobile production," the press service cites UkrAvto vice president Oleh Papashev.
A spokesman from the press service said that at the moment they have begun supply of 14,000 vehicle sets for production of cars by CKD method (welding, varnishing, assembly) in Egypt.
"The corporation is studying variants of expanding deliveries of both cars and vehicle sets to a range of countries, including those where it already has subsidiaries," the statement reads.
31.10.2008
The Ukrzaliznytsia State Railway Transport Administration is suggesting that the Russian Railways company should introduce a unified lowering coefficient of 0.6 in transportation of crude oil from Kazakhstan across the CIS countries in the 2009 freight year.
Ukrainian News learned this from the press service of the Ministry of Transport and Communications.
The proposal was made during a tariff conference of the railway administrations of the CIS countries, Estonia and Latvia that took place in Chisinau, Moldova, from October 21 to October 24.
According to the report, the railway administrations tried to align their tariff policies in freight transportation for the 2009 freight year.
During the conference Ukraine and Russia agreed to extend the period of validity of through tariff rates (i.e. for freight transportation from the point of departure to the point of destination through any station.
 30.10.2008
Ukraine intends to continue exporting electric energy to Poland in November, Fuel and Energy Ministry press secretary Fent Di informed Ukrainian News.
As to him, currently Ukraine is providing 200 MWt of electric energy to Poland.
Di specified, previously exports were decreased to 100 MWt from 200 MWt because of insufficient reserves of coal at storehouses of thermoelectric power stations needed for the 2008-2009 heating season.
At the same time he stressed, by the moment thermoelectric power stations have stocked up about 3.5 million tons of coal at their storehouses, by 1 million tons more than on the same day in 2007.
As Ukrainian News earlier reported, Fuel and Energy Minister Yurii Prodan announced on October 19 the intention to stop exportation of electricity to Poland due to problems in accumulation of coal at thermoelectric power stations for the needs of the 2008-2009 heating season.
 29.10.2008
Beer imports fell by 20.1% or 558,830 liters in September, compared to August, to 2,222,440 liters for USD 1.71 million.
This was informed in a statement of the State Statistics Committee.
In September beer was imported mainly from Russia (1,057,860 liters or 47.6% of the total beer imports).
In September 2008, beer imports rose by a factor of 2.9 or 1,441,980 liters, compared to September 2007.
In January-September 2008 beer imports rose by a factor of 2.2 or 10,089,530 liters compared to January-September 2007, to 18,833,940 liters for USD 14.90 million.
As Ukrainian News earlier reported, the beer imports fell by 6.5% or 193,290 liters in August, compared to July, to 2,781,270 liters for USD 2.15 million.
Beer imports fell by 40.4% or 7,801,80 liters in 2007, compared to 2006, to 11,490,10 liters for USD 7.27 million.
29.10.2008
700 men strong work collective of Kremenchuk technical carbon plant (Poltava region) will be working five hours per day since November 1.
Viacheslav Yavorskyi, director of Kremenchuk technical carbon plant, made this statement.
According to him, the innovation is connected with falling demand for technical carbon among car wheel makers.
«The crisis emerged in summer, when European freight carriers began protesting against high fuel prices,» he said.
«Today truck and car production is being reduced. Consequently, rubber supplies are declining,» he added.
Presently, the plant is producing technical carbon in two eight-hour shifts.
«We’re going to reduce working hours to five,» Yavorskyi said.
 28.10.2008
Serhii Biriuk, a member of the State Commission for Securities and the Stock Market (the Securities Commission), has forecast emergence of new financial-industrial groups as a result of the current economic instability.
Biriuk made the forecast in an interview published in the Biznes weekly newspaper.
"However, in the world and in Ukraine, those that 'came into cash' on the eve of the financial difficulties are now starting to buy promising enterprises at low prices. A serious redistribution of capital is talking place, new financial-industrial groups are being created," Biriuk said.
Moreover, according to Biriuk, the industrial enterprises that are oriented toward exports and foreign sources of finance are the most susceptible to the negative effects of the financial crisis.
"In Ukraine, the major owners and industrial enterprises that are oriented toward export or foreign sources of resources, including financial resources, can realistically incur losses," Biriuk said.
28.10.2008
Ukraine International Airlines (Kyiv) has increased the number of its weekly flights from 290 to 330 in the 2008/2009 winter timetable that came into effect on October 26.
The press service of International Airlines of Ukraine announced this to Ukrainian News .
«The number of flights during the 2008/2009 winter period is 330 per week, compared with 290 flights during the corresponding period of 2007/2008,» the press service said.
In particular, the frequency of Ukraine International Airlines’ own Kyiv-Vienna flights has increased to 13 per week through the addition of a second flight on Saturdays.
The number of flights that the company operates between Kyiv and Vienna in conjunction with its partners has reached 27 per week (four per day).
Moreover, the company intends to operate flights between Vienna and Dnipropetrovsk, Donetsk, Lviv, Odesa, and Kharkiv, thus increasing the total number of flights between Ukraine and Austria to 65 per week.
The company has added Kyiv-Milan flights to its timetable for the first time.
The company will also continue its weekly flights from Lviv to Rome and Naples from October 2008 to March 2009.
21.10.2008
National Bank Chairman Volodymyr Stelmakh thinks it is possible that Prominvestbank, one of the biggest banks in Ukraine, will be sold to Ukrainian or foreign strategic investors.
He made this statement to the press.
"It looked like that bank had to become a national bank. But money for its nationalization is an issue. If there is money, they are welcome to nationalize it," he said.
Stelmakh noted that the National Security and Defense Council discussed the situation at Prominvestbank at its meeting on Monday, but did not pass any decision on its nationalization.
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