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Conference on the investment potential of Vinnytsia region.

It’s taking place in Vinnytsia on September 10 and will be organized jointly by the Government Investment Promotion Office UkraineInvest and Vinnytsia Regional State Administration. The event is an extension of the 8th International investment forum “Vinnytsia Region – Business in the Center of Ukraine”. Among the themes to be covered are the local investment potential, investment policy and regional development, and the development of Industrial parks.

Ukrposhta sees growth in the volume of partner deliveries.

The CEO of Ukrposhta Ihor Smelyansky says cooperation with corporate clients is expanding and showing good results. For example, OLX had 500,000 parcels delivered in one and a half months. “We will soon announce another big partnership with the Rozetka [retail chain],” he added.  After building a new logistics network, Ukrposhta hopes also to offer the e-commerce segment fast delivery and other services most in demand on the market.

Ukraine and Kenya agree to intensify bilateral relations.

A Kenyan delegation has been visiting Ukraine. “We have all the prerequisites to strive for more: to strengthen political dialogue, increase trade, and fulfill tourism potential,” Foreign Minister Dmytro Kuleba commented. Bilateral within international organizations was an important topic considering Kenya’s presidency of the UN Security Council in October 2021. In 2020, the volume of bilateral trade in goods and services amounted to USD 92.1 million. Ukraine’s positive balance was USD 65.1 million.  In the first half of 2021 it

Integration into ENTSO-E will enable the EU energy system to enhance sustainability.

The synchronization of Ukraine’s integrated energy system with the European Network of Transmission System Operators for Electricity (ENTSO-E), scheduled for 2023, will enable the European energy system to become more flexible and raise its sustainability, the Ukrainian Ministry of Energy says. “Disconnection from the Russian power system and synchronization with the European one will benefit not only Ukraine. It will diversify energy supply routes, raise EU energy sector’s flexibility and sustainability, and create favorable conditions for the further development of

BNE IntelliNews Sept. 2021 Ukraine Country Report conclusions.

“Ukraine’s economy has been recovering from last year’s crisis with industrial production bouncing back strongly in April, up 13% y/y. However, the growth is going off the boil now with industrial production also falling back to a mere 1.1% y/y in June as the low base effects fade away. The fly in the ointment has been inflation which has come roaring back this year and broke above 10% for the first time in years in July to reach 10.2% after

Latest BNE IntelliNews Ukraine Country Report highlights.

The report issued this month says that “Ukraine’s economy fell back into recession in the second quarter of this year as the fallout from the pandemic and soaring inflation that caused the National Bank of Ukraine (NBU) to dramatically hike interest rates start to weigh on growth. GDP shrank by a seasonally adjusted 0.8% q/q in the second quarter after falling 1.2% q/q in the previous three months, preliminary data released by Ukrstat showed on August 16. However, on an

The US appoints veteran diplomat to oversee Ukraine policy. 

Robin Dunnigan, the former Deputy Assistant Secretary for Energy Diplomacy in the State Department’s Bureau of Energy Resources, has been appointed to oversee Central and Eastern European policy at the US State Department, including Ukraine. A career diplomat, she previously served as the Assistant Secretary for Energy Diplomacy from 2014 to 2017. Dunnigan is known for her criticism of the Russian-German Nord Stream 2 project and warnings about of China’s growing soft power in Europe. She replaces Deputy Assistant Secretary

Govt. preparing to issue govt bonds for $748 mln to develop the mortgage market.

According to Prime Minister Denys Shmyhal: “After the completion of the merger [of the State Mortgage Institution and Ukrfinzhytlo], we are preparing a bond issue worth about UAH 20 billion so that mortgage programs are available to as many Ukrainians as possible.” The parliament is currently considering a bill that proposes the issuance of government domestic loan bonds for UAH 20 billion for the implementation of the Affordable Mortgage presidential program. Its adoption will in the short term provide about

Regulation of e-commerce reform envisages identifying online sellers.

The Ministry of Economy has prepared a bill on the identification of Internet sellers. Entrepreneurs making e-sales will be required to post information about themselves as a business entity and a list of product information. Liability is to be established for failure to provide complete information to about one’s identification. The State Service on Food Safety and Consumer Protection will obtain the right to apply to the Internet service provider to restrict access to the website for businesses that use

NBU raises the interest rate to 8.5%.

 As expected, on 9 September the National Bank (NBU) raised the interest rate to 8.5%. The move is aimed at combating soaring inflation and reassuring International donors of the central bank’s independence. Consumer-price growth has exceeded 10% for the first time since 2018, reinforcing expectations of another increase in borrowing costs. At 10.2%, the inflation rate in Ukraine trails only Turkey in the region. The decision comes as IMF officials prepare to review Ukraine’s efforts toward unlocking a $5 billion

The OpenDoorUkraine.NL Foundation will hold a hybrid conference

 in The Hague this Tuesday, September 14, 2021, on the theme: UKRAINE’S PLACE IN EUROPE: Achievements and Challenges after 30 years of Independence. The conference, held in cooperation with the Embassy of Ukraine in the Netherlands, will be a forum to discuss the achievements and challenges of Ukraine in becoming a state dedicated to European values of democracy, respect for the law and human rights, and whose sovereignty and territorial integrity is respected by all. You are welcome to join

SkyUp announces winter flights to Poprad and Sofia.

Autumn has just begun, and true fans of ski slopes are already planning winter trips. For everyone who wants to ride on fresh snow of the Tatras or Vitoshe, SkyUp Airlines announces flights to Poprad (Slovakia) and Sofia (Bulgaria). Flights Kyiv – Poprad – Kyiv will commence on December 26, 2021. The flight program Kyiv – Sofia – Kyiv starts just before the new year’s holiday period on December 29, 2021.

Bosch will open a new plant in Ukraine.

The German Company manufacturing company will build a facility which will manufacture power tools.  It will be considering the location of the manufacturing hub after meeting with Minister of Economy, Oleksiy Lyubchenko, reported DW. “Ukraine for us is an interesting and important region for investment. We have serious intentions to organize here the capacities on production of the electro-driven tools,” says President of Bosch Group in Eastern Europe and Central Asia Steffen Hoffmann.

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