Partners news Wednesday, July 28 Editor’s Note: The Ukraine Business News has developed a powerful research tool for businesses, embassies and NGOs – a 1 million word archive of all UBN news dating back to May 2018. Thanks to our powerful new websi...
Partners news Wednesday, July 28 Quote of the Day: “Putin nibbles away at his prey [Ukraine] and has all but declared war. The tragedy is that the United States and Germany have now given him a pipeline with an enormous cash flow that will finance his... #Putin #RussianAgression
Partners news Wednesday, July 28 With Instagram rising, the number of Facebook users is decreasing in all regional centers of Ukraine, reported plusone social impact, citing social media research. Facebook has 16 million active users in Ukraine. Instagram now has 15 million users. In the first half of this year, Facebook had these au... #FacebookAudience #FacebookloosesUsers
Partners news Wednesday, July 28 Ukrainian spending on external travel is rebounding this year to 93% of the pre-pandemic level of 2019, Yuriy Geletiy, the central bank deputy governor, tells Interfax-Ukraine. He has forecast that spending by Ukrainian tourists will increase by 50% from last year’s level, reaching nearly $7 billion to ... #Tourismrebounds #UkrainiansTraveling #UkrainianTourism
Partners news Wednesday, July 28 Cargo transport by road and rail has also increased. During the first half of this year, rail cargo was up by almost 3%, to 147 million tons. Road cargo was up by 15.5%, to almost 100 million tons #Cargobyrail #Cargobyroads #CargoLevelUkraine
Economy Wednesday, July 28 According to the State Statistics Service, Passenger transport levels are creeping back toward pre-pandemic levels. Increased were recorded in the first half of this year compared to January-June of last year: road passengers +2%; rail +20%; metro +23%; and air +68%. #PassengertransportLevels
Finance Wednesday, July 28 The Finance Ministry auctioned the equivalent of $116 million in hryvnia and dollar bonds yesterday, less the half the amount sold in the previous week, the Ministry reports on Facebook. The offering of a 1-year dollar bond, at 3.7%, accounted for 56% of all sales, or $65 million. Similarly, the sale of a 1-year hryvnia bond, at 11.15%, accounted for ... #BondMarketUkraine #DollarBonds #UkraineBond
Finance Wednesday, July 28 Of Ukraine’s 3,343 state owned companies, only 28% made a profit last year, according to research conducted by Ukrainska Pravda, (Economy Ministry data). Last year, only 43% of Ukraine’s state companies – 1,458 – were functioning. Ukraine’s state companies lost almost $2 bill... #StatecompaniesFinances #StateCompaniesprofits #UkraineStateCompanies
EnergyFinance Wednesday, July 28 By the end of this year, the government plans to sell all its shares in Centrenergo, the state-owned energy company, the State Property Fund announced Monday. A rolling series of auctions will commence on August 2. The state owns 78% of Centrenergo. The Fund has reported that the sale might net $14 million. The Fund... #Centrenergo #CentrEnergoforSale #UnitedMiningforSale #UnitedMiningUkraine
EnergyPartners news Wednesday, July 28 DTEK Oil & Gas, Ukraine’s largest private producer, increased its gas production by 10% during the first half, compared to January-June of last year, the company reports. “DTEK Oil & Gas is steadily increasing gas production thanks to systemic investments and the introduction of innovative technologies,” s... #DTEK #GasProductionUkraine #OilProductionUkraine
Energy Wednesday, July 28 Vitrenko blamed “the desire of management to talk about profits and show a supposedly good result in order to get a bonus as soon as possible, and postpone the reflection of losses until later.” He also says Naftogaz’ failed production program of the last three years has forced the oil and gas company to pay $2 billion to buy gas this summer... #NaftogazCEOVitrenko #NaftogazLosses #NaftogazUkraine
Energy Wednesday, July 28 Escalating the war between new Naftogaz CEO Yuriy Vitrenko and the company’s management, Vitrenko charges that a reported net profit of nearly half a billion dollars for the first quarter was in reality a loss of up to $4 billion. On May 5, Peter van Driel, Naftogaz CFO posted on Facebook... #NaftogazCEOVitrenko #NaftogazFinances #NaftogazLosses
Energy Wednesday, July 28 With European gas prices at 13-year highs, Gazprom declined an opportunity yesterday to increase its shipments across Ukraine in August by 50% , reports the Gas Transmission System Operator of Ukraine. Currently, Russia’s gas export monopoly company is shipping 124 million cubic meters a day across Ukraine. Yesterday, Ukraine offered additio... #GaspromandUkraine #GasTransitthroughUkraine #GazpromGasTransit
Partners news Wednesday, July 28 Ukraine’s shrinking workforce handicaps its economy, said Gennadiy Bobov, the President of Panda, a farming group based in Kyiv region, writes in an essay summarized by UNIAN. “Agricultural companies are faced with huge problems in finding personnel,” h... #UkraineShrinkingWorkforce #ukraineworkforce
Partners news Wednesday, July 28 Remittances by Ukraine’s labor migrants is forecast to reach $13.3 billion this year – 11% higher than the $12 billion recorded in 2019 and 2020 . Labor is expected to remain above metals this year as Ukraine’s second largest export, after food. The rise in labor remittances is “due to the recovery of the economies of countries of destination ... #Labormigration #LiborshortageUkraine #UkrainelaborMigration
Partners news Wednesday, July 28 Business confidence has returned to pre-pandemic levels of October 2019, reports the central bank. Now, the trend line seems headed to the high levels of the start of the Zelenskiy Presidency. Agriculture and trade were the locomotives of a 4 point increase in the Business... #doingbusinessinukraine #Ukrainebusinessconfidence #UkraineBusinessPerspectives