The index of business expectations by Ukrainian enterprises’ top executives grew to 119.7% in the first quarter, from 117.3% in the fourth quarter The index of business expectations by Ukrainian enterprises’ top executives grew to 119.7% in the first quarter, from 117.3% in the fourth quarter, reports UNIAN. About half of business executiv...
Grain exports are up 21% Grain exports are up 21% compared to this time last year, reports the State Service for Food Safety and Consumer Protection. Since the start of the marketing year, in July, Ukraine has exported 40 mil...
The outcome of trade disputes between China and the US and Canada will determine Ukrainian export flows in coming years, The outcome of trade disputes between China and the US and Canada will determine Ukrainian export flows in coming years, Argus Media reports from Kyiv’s Black Sea Grain conference. US-China trade talk...
The name of Ukraine’s busiest port has been officially switched from ‘Yuzhny’ (Russian) to ‘Pivdennyi’ (Ukrainian). The name of Ukraine’s busiest port has been officially switched from ‘Yuzhny’ (Russian) to ‘Pivdennyi’ (Ukrainian). Both words mean ‘Southern.’ Founded 40 years ago on a shore of the Ajalyk estuary, 4...
Since 2016, 6,800 km of roads – or 15% of the national road network — have been repaired or rebuilt Since 2016, 6,800 km of roads – or 15% of the national road network — have been repaired or rebuilt, Prime Minister told the Cabinet of Ministers on Wednesday. Starting this month, $1.25 billion...
Two Canadian companies — International Road Dynamics Inc. and Quarterhill Inc. – have won a $6.4 million contract to supply 12 electronic complexes capable of weighing trucks as they travel down highways. Two Canadian companies — International Road Dynamics Inc. and Quarterhill Inc. – have won a $6.4 million contract to supply 12 electronic complexes capable of weighing trucks as they travel down...
No change at the coffee shop? No change at the coffee shop? The volume of hryvnia banknotes and coins in circulation is almost $1 billion less than at the start of the year, reports the National Bank of Ukraine. Currently, UAH 375...
Comedian Volodymyr Zelenskiy is increasing his lead over President Poroshenko, according to the latest nationwide poll, Comedian Volodymyr Zelenskiy is increasing his lead over President Poroshenko, according to the latest nationwide poll, conducted through Sunday by the Kyiv International Institute of Sociology. In a ...
Zelenskiy’s close ties to oligarch Igor Kolomoisky are increasingly clear, Zelenskiy’s close ties to oligarch Igor Kolomoisky are increasingly clear, Reuters reports in a story headlined: “Mutual friends and borrowed cars: how Ukraine’s would-be leader is linked to the...
Volodymyr Fesenko, director of Kyiv’s Penta think-tank, describes the potential payoff: Volodymyr Fesenko, director of Kyiv’s Penta think-tank, describes the potential payoff: “If Zelenskiy becomes president, taking into account that he basically doesn’t have any people, or has very few,...
Concorde Capital details Zelenskiy’s 13 flights in the last three years to Geneva and Tel Aviv, ostensibly to see Kolomoisky. Concorde Capital details Zelenskiy’s 13 flights in the last three years to Geneva and Tel Aviv, ostensibly to see Kolomoisky. Several flights were on private jets belonging to Kolomoisky’s business pa...
The ratio of unemployed people to vacancies, has fallen from 5 people per job opening in January, to 3 people per vacancy in March The ratio of unemployed people to vacancies, has fallen from 5 people per job opening in January, to 3 people per vacancy in March, reports the State Statistics Service. Overall, the official unemploy...
A Dutch-Ukrainian poultry farm on the border with Poland is investing A Dutch-Ukrainian poultry farm on the border with Poland is investing €38 million to double its production, says Alina Sych, general director of the company, Volodymyr–Volyn Poultry Factory. A n...
Ukraine’s poultry exports were up 39%, to 103,600 tons Ukraine’s poultry exports were up 39%, to 103,600 tons, in the first quarter of this year, compared to the same period last year, reports the State Fiscal Service. In dollar terms, exports were up 31%...
Racing the grain harvest, Nibulon is tripling its construction workforce to 1,500 to complete a new $19 million Dnipro river transshipment terminal by July. Racing the grain harvest, Nibulon is tripling its construction workforce to 1,500 to complete a new $19 million Dnipro river transshipment terminal by July. With the 300,000 ton a year terminal in Ter...
Ukraine, the world’s largest exporter of sunflower oil, is exporting 7% more oil Ukraine, the world’s largest exporter of sunflower oil, is exporting 7% more oil than during the last marketing season. Two-thirds of the way through the September to August marketing season, Uk...
With food exports leading the way, Ukraine’s largest trade exports last year were With food exports leading the way, Ukraine’s largest trade exports last year were: India $1.6 billion; Egypt $1.4 billion; Netherlands $827 million; Spain $741 million; and Moldova $671 million. Sourc...
The International Court of Arbitration has ruled that Russia must pay Ukrnafta $48 million for gas stations and buildings stolen five years ago with the annexation of Crimea. The International Court of Arbitration has ruled that Russia must pay Ukrnafta $48 million for gas stations and buildings stolen five years ago with the annexation of Crimea. Last October, Switzerland...
In ranking of 1,028 big city ‘startup ecosystems’ around the world, Kyiv jumped 29 places last year, to come in 34th In ranking of 1,028 big city ‘startup ecosystems’ around the world, Kyiv jumped 29 places last year, to come in 34th. Among European cities, Kyiv came in 6th. For the other cities of Ukraine’s big fiv...
As part of the new foreign exchange liberalization, PrivatBank terminals now allow users to deposit hryvnia or use their bank card to replenish their dollar or euro foreign currency account As part of the new foreign exchange liberalization, PrivatBank terminals now allow users to deposit hryvnia or use their bank card to replenish their dollar or euro foreign currency account. Under the...
Separately, Valeria Gontareva, who nationalized the bank as Governor of the National Bank of Ukraine, dismissed Kolomoisky’s demand for $2 billion “as complete nonsense.” Separately, Valeria Gontareva, who nationalized the bank as Governor of the National Bank of Ukraine, dismissed Kolomoisky’s demand for $2 billion “as complete nonsense.” “The bank did not have that c...
At the meeting with business leaders, Poroshenko drew applause when he said he signed the Bankruptcy Code. At the meeting with business leaders, Poroshenko drew applause when he said he signed the Bankruptcy Code. As adopted by the Rada last fall, the new Code makes it easier for individuals to go into ban...
With opinion polls strongly favoring Kolomoisky’s protégé, Volodymyr Zelensky, the mood was somber among the standing room only crowd of several hundred business leaders at Kyiv’s InterContinental Hotel. With opinion polls strongly favoring Kolomoisky’s protégé, Volodymyr Zelensky, the mood was somber among the standing room only crowd of several hundred business leaders at Kyiv’s InterContinental Hot...
The EU Council approved a European gas directive Monday that is expected to delay commissioning of the Nord Stream 2 gas line – and potentially leave it half empty The EU Council approved a European gas directive Monday that is expected to delay commissioning of the Nord Stream 2 gas line – and potentially leave it half empty. Extending EU rules to non-EU pipeli...
Complaining of “a deliberate attempt to delay the project’s completion,” Nord Stream 2 AG filed an application Monday for a third alternative route around Complaining of “a deliberate attempt to delay the project’s completion,” Nord Stream 2 AG filed an application Monday for a third alternative route around Denmark‘s Baltic Sea island...
In the latest move to bring non-Russian gas to Poland and, potentially Ukraine, In the latest move to bring non-Russian gas to Poland and, potentially Ukraine, the European Commission signed on Monday a €215 million grant to start building a pipeline to bring Norwegian North Sea ...
The EU grants pay for 60% of the The EU grants pay for 60% of the 275 km underwater line connecting Denmark’s Faxe with Poland’s Niechorze-Pogorzelica. Attending the signing ceremony in Brussels was Polish Prime Minister Mateusz Mora...
Last Friday, a senior EU energy official told a conference in Brussels that the EU plans to drag out the Nord Stream 2 permitting process until Gazprom negotiates a new 10-year gas transit deal with Ukraine. Last Friday, a senior EU energy official told a conference in Brussels that the EU plans to drag out the Nord Stream 2 permitting process until Gazprom negotiates a new 10-year gas transit deal with U...
Shrugging off the election season fireworks, S & P Global Ratings confirmed Ukraine’s sovereign credit rating at the level of “B-/ B”, with the outlook of “stable.” Shrugging off the election season fireworks, S & P Global Ratings confirmed Ukraine’s sovereign credit rating at the level of “B-/ B”, with the outlook of “stable.” The international rating agency...
Dragon Capital writes: Dragon Capital writes: “Uncertainty stemming from the presidential and parliamentary elections, compounded by high public sector external debt repayments, is likely to keep Ukraine’s credit ratings fr...
Ukraine hopes to raise new sovereign debt backed by a World Bank guarantee again this year Ukraine hopes to raise new sovereign debt backed by a World Bank guarantee again this year though the size has not been decided, Finance Minister Oksana Markarova tells Reuters on Monday. Last month, ...
If a Kyiv court decides to reverse the 2016 nationalization of PrivatBank, “it will cause a deep crisis in relations with the IMF,” President Poroshenko warned If a Kyiv court decides to reverse the 2016 nationalization of PrivatBank, “it will cause a deep crisis in relations with the IMF,” President Poroshenko warned Monday in a meeting with members of the ...
Ship passenger traffic was up by one third during the first quarter, with 11,373 people traveling by boat to and from Odesa and Chornomorsk. Ship passenger traffic was up by one third during the first quarter, with 11,373 people traveling by boat to and from Odesa and Chornomorsk. The lion’s share – 76% — traveled on UkrFerry’s Black...
The Ukrainian Danube Shipping Company launches its shipping season this week. The Ukrainian Danube Shipping Company launches its shipping season this week. While some routes will go the full “Alps to the Black Sea” route, most cruises will be of a 1,000 km section of the Danube...
The European Investment Bank is to help pay for a feasibility study to build a 270 km highway from Lviv to Mukachevo and Uzhgorod The European Investment Bank is to help pay for a feasibility study to build a 270 km highway from Lviv to Mukachevo and Uzhgorod, says Ukravtodor, the state highway agency. The goal is to cut the dri...
On the election front, Aivaras Abromavicius, an advisor to Volodomyr Zelenskiy, tells Reuters that Zelenskiy would preserve the central bank’s independence and keep its governor On the election front, Aivaras Abromavicius, an advisor to Volodomyr Zelenskiy, tells Reuters that Zelenskiy would preserve the central bank’s independence and keep its governor, Yakiv Smoliy, in plac...
President Poroshenko, fighting damaging corruption allegations, announced Thursday the launch of Ukraine’s Anti-Corruption Court President Poroshenko, fighting damaging corruption allegations, announced Thursday the launch of Ukraine’s Anti-Corruption Court, staffed with 38 new judges. Setting up the court is a key benchmark fo...
The Kyiv Post notes that Zelenskiy backer Ihor Kolomoisky is a beneficiary owner of UIA. The Kyiv Post notes that Zelenskiy backer Ihor Kolomoisky is a beneficiary owner of UIA. Last year, UIA, the national flag airline, lost $100 million due to competition from new low cost airlines flyi...
Through March, Wizz Air carried 450,000 passengers, 80% more than during the first quarter of 2018 Through March, Wizz Air carried 450,000 passengers, 80% more than during the first quarter of 2018, reports the Budapest-based discount airline. With a new hub in Kyiv Sikorsky, Wizz Air starts servic...
The EU plans delay permitting Nord Stream 2 to force Russia to negotiate a gas transit deal this year with Ukraine, The EU plans delay permitting Nord Stream 2 to force Russia to negotiate a gas transit deal this year with Ukraine, a senior EU official tells an energy conference in Brussels. Delays by Denmark and n...
“This is something that will bring the Russian side to the table,” “This is something that will bring the Russian side to the table,” Klaus-Dieter Borchardt, a senior energy official at the European Commission, told the conference Reuters reports. “There will be some...
At the urging of Houston’s Frontera Resources, Ukraine is offering an oil and gas tender for its first offshore block At the urging of Houston’s Frontera Resources, Ukraine is offering an oil and gas tender for its first offshore block: a 9,772 square kilometer section of the continental Black Sea, near Romania. Call...
Ukraine increased electricity export revenue by 22% in January-March q-o-q, to $98.4 million Ukraine increased electricity export revenue by 22% in January-March q-o-q, to $98.4 million, the State Fiscal Service reports. Hungary purchased 60%, or $58 million. Poland bought $22 million and Mol...
Ukraine’s harvest of rapeseed, used for canola cooking oil, is to jump by 23% this year Ukraine’s harvest of rapeseed, used for canola cooking oil, is to jump by 23% this year, predicts AgroConsult. This increase would put Ukraine in fifth place worldwide – after Canada, the EU, China, a...
Led by grain exports, cargo handling at Ukraine’s ports rose 12.4% q-o-q Led by grain exports, cargo handling at Ukraine’s ports rose 12.4% q-o-q, to 37 million tons, reports the Sea Ports Administration. Grain exports were up by 33%, ore shipments were up by 30%, and cont...
Yuzhne confirmed its leadership as Ukraine’s busiest port, Yuzhne confirmed its leadership as Ukraine’s busiest port, handling 11.6 million tons, up by 19%. Mykolaiv came in second, with 8.2 million, up 26%. Chornomorsk dethroned Odesa for third place, handli...
Skadovsk, Ukraine’s loneliest port on the Black Sea, is up for rent Skadovsk, Ukraine’s loneliest port on the Black Sea, is up for rent, announces the Sea Ports Administration. Handling only 2,000 tons of cargo in the first quarter – half last year’s level – Kherson r...
With milder weather in March, shippers jumped at the chance to abandon trucks and trains for river barges. With milder weather in March, shippers jumped at the chance to abandon trucks and trains for river barges. River cargo on the Dnipro jumped 8-fold q-o-q, to 724,000 tons. Of the cargo, 54% was grain, ...
Trade with the EU is up, and trade with Russia and the CIS is down, Trade with the EU is up, and trade with Russia and the CIS is down, according to first quarter statistics release by the State Fiscal Service. Ukraine’s trade with the EU grew 6% q-o-q, to $11.2 billi...
Ukrtelecom JSC Ukrtelecom JSC, the nation’s land line telephone company, starts in May $10 million, two year project to lay 3,500 km of fiber optic lines to bring high speed internet to 300 small towns and villages,...
