InvestmentsPartners news Thursday, April 15 Lakshmi Mittal, chairman of ArcelorMittal, told President Zelenskiy yesterday that his Ukraine unit is launching a ‘Steel Billion’ program, a nearly $1 billion investment to bring the steel maker in compliance with EU ‘green steel’ rules, according to the president’s website. By the end of 2023, ArcelorMittal Kryvyi Rih, Ukraine’s largest integrated steel company, plan... #ArcelorMittal #LakshmiMittal #SteelBillionprogram
Partners news Thursday, April 15 Ukrainian companies are interested in contracts to rebuild areas in Azerbaijan damaged during the war last fall in Nagorno Karabakh , Ukraine’s Infrastructure Minister Vladislav Krikliy told Azerbaijan’s Energy Minister Parviz Shahbazov in Baku on Tuesday, reports Azernews. After Russia, Ukraine is Azerbaijan’s second largest trad... #AzeirbaijanandUkraine #rebuildingAzerbaijan
FinanceInvestments Thursday, April 15 Timofei Milovanov was appointed yesterday head of the new National Investment Fund of Ukraine, Vasily Mokan, representative of the Cabinet of Ministers in the Rada, wrote yesterday on his Facebook page. Milovanov, who served as Zelenskiy’s first Economy Ministry, will be charged with setting up... #Milovanov #NationalInvestmentFund #PromotringUkraine
Partners news Thursday, April 15 President Zelenskiy submitted to the Rada Tuesday a bill to liquidate the Kyiv District Administrative Court, headed by controversial judge Pavlo Vovk , reports the Kyiv Post. Among foreign and national investors, the court was widely seen as a bazaar where decisions went to the highest bidder. Last July, Vovk and other judges of the court were char... #KyivCourt #KyivDistrictAdministrativeCourt
FinancePartners news Thursday, April 15 Ukraine’s international bonds and the Russian ruble rallied yesterday on the prospect of a Biden-Putin summer summit, reports Reuters. But the lengthy, London-based story starts: “Fund managers are trimming exposure to Russia and Ukraine on fears that years of tensions could finally erupt into outright war, bringing ... #Rubble #ukrainebonds
FinanceInvestmentsPartners news Thursday, April 15 The massing of Russian troops on Ukraine’s borders has weakened demand for Ukrainian domestic government bonds , or IGLBs, Danylo Hetmantsev, head of the Rada Committee on Finance, Tax and Customs Policy, wrote after Tuesday’s hryvnia bond auction sold only the equivalent of $7.7 million. Writing on his Telegr... #BondDemand #Bonds #ukrainebonds
Partners news Thursday, April 15 Starting today, Russia’s six-week suspension of tourist flights to Turkey is causing 533,200 canceled flight bookings, the Russian Association of Tour Operators, said yesterday on its site. If each Russian tourist spends $600, Turkey loses $300 million. On Monday, two days after President Zelenskiy’s successful meetin... #TukreyTourism #TurkeyandRussia
Partners news Thursday, April 15 President Zelenskiy meets French President Emmanuel Macron in Paris tomorrow. The topic is French support against Russia’s troop buildup on Ukraine’s borders. With Germany’s Chancelor Angela Merkel retiring this fall, Macron is expected to become the EU’s senior leader. #EmmanuelMacron #FranceUkraine #Zelenskyy
EconomyPartners news Thursday, April 15 Despite Covid, France-Ukraine trade remained strong last year, falling slightly to $2.1 billion. French brands account for about 20% of new car sales in Ukraine, with Renault the most popular. Last year, France exported $180 million worth of wine to Ukraine. Afte... #EmmanuelMacron #Zelenskyy
AgricultureFinance Thursday, April 15 Ukraine’s exports of goods hit $8.5 billion, up 4.5% in January-February, compared to the same period in 2020. Imports only increased by 0.5% to $8.73 billion. As a result, the $256 million trade deficit was slightly less than half the level of last year, reports the State ... #exportofGoods #UkraineExport
EconomyFinance Thursday, April 15 The top three export markets were: China — $ 1.1 billion +44%; Poland — $648 million – unchanged; and Turkey — $552.1 million +18%. #exportMarkets #ExportUkraine #foodexport
EconomyFinance Thursday, April 15 The top three sources of imports were: China — $1.4 billion + 4%; Germany — $758 million -15.4%; and Russia — $731 million -10.%. #ImportofGoods #UkraineImport
Partners news Thursday, April 15 Ukraine’s third coronavirus wave may be receding, Health Minister Maksym Stepanov wrote yesterday on Facebook. Hospitalization rates are declining and Ivano-Frankivsk and Zakarpattia are no longer considered “red” zones. He reported that Tuesday “was... #Covidthirdwave #CovidUkraine #lockdownukraine
Partners news Thursday, April 15 Kyiv’s lockdown has been extended for another two weeks – to Friday, April 30. “We don’t have a choice,” Mayor Klitschko said at a briefing yesterday. “Otherwise, the medical system won’t handle the load, and there will be even more deaths.” Schools and shopping centers will rem... #covid19ukraine #Kyivlockdown
Economy Thursday, April 15 Kyiv’s Metro subway system is decreasing the frequency of trains during the lockdown. The city has issued 500,000 passes for use on public transport, including the subways. Subway ridership is now about 200,000 on a weekday. In March, prior to the lockdown, it was 1 million. Prior to t... #Covid19Locdown #KyivMetro #LockdownKyiv
Partners news Thursday, April 15 Special mass transit permits have been distributed as follows: healthcare and pharmaceutical – 152,000; production and sale of food, defense industry, mechanical engineering – 104,000; government executives – 81,000; military, police, judiciary – 72,000; ho... #covid19ukraine #masstransit #masstransitKyiv