Partners news Friday, April 30 Passenger traffic was down by one third during the first quarter, compared to January-March of 2020, the State Statistics Service reports. The number of rides taken by passengers was down 30.5%, to 624 million. The number of passenger kilometers was down 35%, to 12.... #passingertraffic
Partners news Friday, April 30 Lviv has the highest average salary in Ukraine, the hryvnia equivalent of $1,130 a month, according to a survey of Ukraine’s largest cities by grc.ua, a personnel portal. Lviv presumably edged out Kyiv, the traditional leader, due to the high conce... #LvivSalary #SalaryUkraine
Partners news Friday, April 30 More than 300,000 Russian soldiers, nearly one-third of the nation’s 1 million member military, took part in exercises near Ukraine this month , Gen. Valery Gerasimov, chief of the Russian military’s General Staff, said in a public briefing yesterday. He said drills involved 35,000 combat vehicles, 900 aircraft and 180 navy ships. Previous e... #RussianArmyatUkraineBorder #RussianMilitary
EnergyPartners news Friday, April 30 With Russia’s Rosneft cutting diesel supplies to Ukraine, traders plan to increase diesel imports in May from Belarus, Lithuania, Hungary and Turkey, Ukraine’s Economy Ministry reports after meeting with “key stakeholders of the oil and gas market.” Yesterday, two companies won tenders to supply diesel to Ukrzaliznytsia. In addition to using diesel... #DieselforUkraine #dieselsupply #Rosneft
Investments Friday, April 30 Australia’s Volt Resources Limited is paying $7.6 million to buy control of Ukraine’s Zavalivsky Graphite LLC, one of the 10 largest producers of natural graphite in the world. Volt says it is buying 70% of the company to become a producer of graphite for li-ion batteries. With a production capacity of 30,000 tons a year, Zavalivsky Graphite has been mining the deposit in Ki... #naturalgraphite #ZavalivskyGraphite
Economy Friday, April 30 Executives from Bechtel, the largest American construction company, were briefed yesterday by Infrastructure Minister Vladyslav Krikliy about public private partnerships to build highways in Ukraine. “We plan to attract in the medium term more than $9 billion in private investment to restore and maintain more than 4,500 kilometers of state roads,” Krikliy said of the program developed by the World... #BigConstruction #highwayconstruction
Agriculture Friday, April 30 Ukraine increased its exports to China during the first two months of this year by 44% yoy, Taras Kachka, Ukraine’s Trade Representative, said after meeting with China’s ambassador Fan Xiangong. Overall, Ukraine’s trade rose 18%, to $2.5 billion, with China, the nation’s largest trading part... #chinaukraine #ExporttoChina #foodexport
Agriculture Friday, April 30 This spring’s cool, wet weather will boost grain harvests by 14.5% and exports by 28%, the Ukrainian Grain Association predicted yesterday. In reality, this would return Ukraine to the bumper year of 2019/2020. Looking ahead, corn exports are to jump 27% in the coming marketing year, to... #agroUkraine #GrainfromUkraine #GrainHarvest
FinanceReal Estate Friday, April 30 Ukroboronprom, the defense industry conglomerate, has reorganized its structure to eliminate Mustafa Nayem, the reformer who worked for two years as Deputy General Director for Asset Management. “Today is my last day at Ukroboronprom,” Nayem wrote yesterday on Facebook. Of his work, he wrote: “Our tea... #ukroboronprom
InvestmentsReal Estate Friday, April 30 President Zelenskiy yesterday signed a law allowing resumption of sales of large state companies, a privatization process that was suspended one year ago due to the coronavirus pandemic. All sales are to go through electronic auctions. Zelenskiy said: ““Despite the coronavirus crisis, our goal of ... #BigPrivatization #StatePropertyforSale
EnergyPartners news Friday, April 30 The Rada moved forward yesterday, appointing Herman Halushchenko as Energy Minister, succeeding Vitrenko, who had held the job in an acting capacity for four months. For the last year, Halushchenko served as vice president of Energoat... #energyukraine #GermanGalushchenko
Energy Friday, April 30 “I do not think that the decision of the Cabinet of Ministers was legitimate,” Kobolyev told Interfax Ukraine. “I believe that this decision puts an end to corporate reform. It is important not only for Naftogaz or for me personally, it is important for the entire corporate governance system that has been buil... #Kobolev #NaftogazCEO
Energy Friday, April 30 Firing by the Cabinet “contradicts the requirements of Ukrainian law, ” reads a letter signed yesterday by members of the Naftogaz Supervisory Board. Noting that the Board has power over personnel decisions, the letter charges that the Cabinet’s move “seriously jeopardi... #CEOnaftogaz #NaftogazUkraine
EnergyPartners news Friday, April 30 Dragon Capital wrote in a note: “This breach of corporate-governance standards is likely to create a new point of tensions with international financial institutions and Ukraine’s other Western partners…Naftogaz is set to experience ... #CEOnaftogaz #NaftogazUkraine
EnergyPartners news Friday, April 30 Critics target what they see as Ukraine’s faltering commitment to running state companies on corporate lines .“Dismissal of Naftogaz CEO raises doubts over Ukraine’s corporate governance reforms,” headlines an Atlantic Council blog by Aura Sabadus, a regional expert on the energy industry. #CEOofNaftogaz #NaftogazUkraine
EnergyPartners news Friday, April 30 Concorde Capital’s Alexander Paraschiy wrote: “Vitrenko could be at least as efficient at the position of Naftogaz CEO as Kobolyev was, so there is no risk to Naftogaz operations with the top management replacement.” #Naftogaz #UkraineGasCompany
Energy Friday, April 30 The legal maneuver used to fire the CEO of Naftogaz raises doubts about Ukraine’s commitment to shield state companies from interference by politicians. That was the fear expressed yesterday by a host of Ukraine-watchers: the State Department spokesman i Washington, the G7 Ambassadors in Kyiv, the speaker of the Rada, and the American Chamber of Comme... #CEOofNaftogaz #Kobolev #Vitrenko