Finance Monday, April 12 The National Securities and Stock Market Commission last week revoked the license of Ukrainian Stock Exchange Founded in 1991, the Ukrainian Stock Exchange, or UFB, was the first stock exchange in Ukraine. The reason cited was: “failure to carry out…professional activity on the stock market during the year.”... #UFB #UkraineStockExchange
Finance Monday, April 12 The economy contracted by 2.8% in January and February, compared to the first two months of last year, estimated the Ministry of Economic Development and Trade. Except for retail trade, all sectors were down. Consensus forecasts put Ukraine’s 2021 GDP growth at 4%. These forecasts were made before the ... #economyofukraine #GDP2021 #UkraineGDP2021
AgriculturePartners news Monday, April 12 Driving up egg prices, Oleg Bakhmatyuk, owner of Avangard, the nation’s largest egg producer, has halved egg production over the last 18 months, to 170 million eggs a month. He has blamed the criminal prosecution by the National Anti-Corruption Bureau, saying it has cut him off from bank loans... #agroUkraine #Eggfarming #EggProduction
Energy Monday, April 12 Energy prices increased by inflation, with natural gas rising by 64% and electricity up 37% . Food prices increased by 10%. Leaders were food items produced in Ukraine: bread +14%; fruit +14.5%; sunflower oil +48.5%; sugar +65%; and eggs +109%. #Energy #Energyprices #energyukraine
Finance Monday, April 12 Alfa-Bank Ukraine’s Oleksiy Blinov wrote: “As for [this] week’s monetary decision, we think that a 100 bps rate hike (to 7.5%) is the most likely. That might not be the final move in this hiking season.” #AlfaBank #Inflation #PrimeRate #RateHike
Finance Monday, April 12 Ukraine’s March inflation íncreased to 8.5% yoy, setting the stage for an interest rate hike this Thursday at the scheduled meeting of the National Bank of Ukraine’s Monetary Policy Board. According to the State Statistics Service inflation has climbed steadily recording these rates: December – 5%; January... #Inflation2021 #InflationinUkraine #NationalBankofUkraine #nbu
EconomyInvestmentsPartners news Monday, April 12 Ukraine ranked second worldwide for projects undertaken by Turkish construction companies in 2020, said Burak Pehlivan, the Chairman of the International Turkish-Ukrainian Business Association, (Kyiv Post). Boosted by the Zelenskiy government’s ‘Big Construction’ program, Turkish companies have und... #BigConstruction #TurkeyUkraine
Economy Monday, April 12 On the civilian side, Turkey’s government-backed housing agency, TOKI, will build 500 houses in Ukraine for Crimean Tatars displaced from the Russia-controlled peninsula, Turkish and Ukrainian officials announced in Istanbul on Saturday. The houses will be built in Kyiv, Kherson and Mykolaiv, said Murat Kurum, Turkey’s Environment and Urbanization Minister. TOKI has un... #CrimeanTatars #HousesforTatars #TOKI #TurkeyTOKI
Partners news Monday, April 12 This import deal damages Ukraine’s already ailing shipbuilding industry, complained Anatoly Kinakh, the President of the Ukrainian Union of Industrialists and Entrepreneurs. “The first ship will be manufactured there (with the participation of Ukrainian specialists),” he w... #ShipBuilding
Partners news Monday, April 12 In a $1 billion deal, the largest for Turkey’s defense industry, Ukraine will purchase four Ada class ‘stealth’ corvettes for patrolling the Black Sea . The first ship is to be built in Turkey and the next three at Mykolaiv’s Okean shipyard, reported the shipyard. The deal was signed last December by Ukrainian Defense Minister Taran and Turkey’s top... #Adaclassstealth #Defense #TurkeyUkraine
Partners news Monday, April 12 Ukrainian Motor Sich engines are to power Turkey’s planned heavy attack helicopter ATAK-2 that is being developed by Turkish Aerospace Industries, or TAI. With the Ukrainian 2,500 hp turboshaft engines, the attack helicopters will be produced by 2023, said TAI President Temel Kotil, accord... #motorsich #TurkishAerospaceIndustry
Partners news Monday, April 12 Timothy Ash writes from London: “The message from the Kremlin is stay out of Ukraine, don’t supply drones as you did to Azerbaijan, or else we will ban Russian tourist visits to Turkey which earns $3-4 billion export earner for Turk...
Partners news Monday, April 12 Unhappy with Saturday’s visit, Russian officials this weekend discussed suspending Russian tourism to Turkey, reported the Vtimes in Moscow. Last year, approximately 7 million Russian tourists visited Turkey. The number of tourists has fluctuated, depending on Moscow’s mood. In 2016, 850,000 Russian tourists ...
Partners news Monday, April 12 Defense industry cooperation was discussed on Saturday during a parallel meeting between the Turkish Defence Minister, Hulusi Akar, and his Ukrainian counterpart, Andriy Taran . At the time of Zelenskiy’s last visit to Turkey last October, Vadim Nozdriya, the General Manager of Ukrspetseksport, announced that Ukraine would like to purchase 48 Bayraktar TB2 combat drones. Th... #Bayraktar #DefenseTechnology
Partners news Monday, April 12 “Ukraine turns to Turkey as Russia threatens full-scale war, ” reported Al Jazeera. Noting that it was President Zelenskiy’s second visit in six months to Turkey, the report said: “Ankara views Ukraine as a crucial buffer against Russia and has been a strong ad... #Defense #RussianAgression #UkraineRussiawar
Partners news Monday, April 12 Pressured by Russia’s military threats against Ukraine , the Presidents of Turkey and Ukraine met for a three-hour meeting in Istanbul on Saturday and agreed to speed up reaching an agreement on a free trade pact between the two countries. The cross-Black... #TukreyUkraineFreeTrade #UkraineNATO #UkraineTurkey