Three new polls indicate Volodymyr Zelenskiy will beat President Poroshenko by a 2:1 margin in the April 21 runoff. Three new polls indicate Volodymyr Zelenskiy will beat President Poroshenko by a 2:1 margin in the April 21 runoff. The tally was 71% for Zelenskiy and 29% among decided voters interviewed by Ratings ...
In the Rating poll, 83% of respondents said the country needs radical changes In the Rating poll, 83% of respondents said the country needs radical changes and 52% predicted the country will improve as a result of the elections. Zelenskiy led in all age groups and across the na...
Foreign investment in Ukraine’s UAH treasury bonds has quadrupled since the start of this year, hitting almost $1 billion, Foreign investment in Ukraine’s UAH treasury bonds has quadrupled since the start of this year, hitting almost $1 billion, according to the National Bank of Ukraine. The increase to 25.8 billion hryvn...
A 5% tax amnesty starting next year, a tax on capital withdrawals, international exchange of tax information, creation of a Financial Investigations Service, and creation of a legal mediation alternative to litigation are among the measures the Zelenskiy team would submit A 5% tax amnesty starting next year, a tax on capital withdrawals, international exchange of tax information, creation of a Financial Investigations Service, and creation of a legal mediation alternat...
Speaking for candidate Zelenskiy at a large agricultural convention, Danylyuk said the Zelenskiy team favors creating a transparent land market Speaking for candidate Zelenskiy at a large agricultural convention, Danylyuk said the Zelenskiy team favors creating a transparent land market. In a poll of representatives of nearly 500 farming comp...
Setting an example for Ukraine, Moldova’s Aragvi Holding International Ltd., has successfully launched Moldova’s first ever international bonds – a $300 million, five year Eurobond issue. Setting an example for Ukraine, Moldova’s Aragvi Holding International Ltd., has successfully launched Moldova’s first ever international bonds – a $300 million, five year Eurobond issue. Fully subscr...
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,...
The Infrastructure Ministry is negotiating with a Chinese company to make electric buses in Ukraine, allowing easy access to the booming EU market The Infrastructure Ministry is negotiating with a Chinese company to make electric buses in Ukraine, allowing easy access to the booming EU market. “Together with the Chinese business, we are trying t...
After a three-month winter closure, the Dnipro is open for shipping with the locks open all the to Kyiv. After a three-month winter closure, the Dnipro is open for shipping with the locks open all the to Kyiv. At the start of the river shipping season, Yuriy Lavrenuk, deputy infrastructure minister, beli...
Increasing rail freight cargo rates and a highway crackdown on overweight trucks will push more cargo to river barges Increasing rail freight cargo rates and a highway crackdown on overweight trucks will push more cargo to river barges, predicts Dmytro Kozachenko, executive director of the Ukraine Rivers Association....
Dentons law firm moved last week from Volodymyrska, Kyiv’s law firm avenue, to the new Astarta Organic Business Center on Podol’s Naberezhno-Khreshchatytska Street Dentons law firm moved last week from Volodymyrska, Kyiv’s law firm avenue, to the new Astarta Organic Business Center on Podol’s Naberezhno-Khreshchatytska Street. Billed as Kyiv’s first “green...
Businessman Vadim Grigoryev has made his second big Kyiv office center purchase in a year, buying a 28,200 square meter building Businessman Vadim Grigoryev has made his second big Kyiv office center purchase in a year, buying a 28,200 square meter building in western Kyiv currently occupied by Innovecs, the Israeli software ou...
Starting July 1, 5% of all new parking spaces – in public garages and apartment blocks – will have to be equipped with chargers for electric cars. Starting July 1, 5% of all new parking spaces – in public garages and apartment blocks – will have to be equipped with chargers for electric cars. By 2030, 100% of parking spaces in garages are to hav...
Tomorrow afternoon in Paris, Volodymyr Zelenskiy and President Poroshenko will meet with French President Emmanuel Macron – separately. Tomorrow afternoon in Paris, Volodymyr Zelenskiy and President Poroshenko will meet with French President Emmanuel Macron – separately. A French Presidential source tells Reuters: “These contrac...
The World Bank reports that Ukrainians sent home last year $14.4 billion in wages, almost one third more than the $10.9 billion figure reported by the National Bank of Ukraine The World Bank reports that Ukrainians sent home last year $14.4 billion in wages, almost one third more than the $10.9 billion figure reported by the National Bank of Ukraine. Ukraine is now the larg...
Labor is now Ukraine’s second largest export, after food Labor is now Ukraine’s second largest export, after food. Wage remittances now are more than the total exports of metals and IT services combined. With more than a $1 billion a month coming into Ukrai...
Almost two years after the start of the 90-day visa-free regime with the EU, part-time work in the EU is increasingly common Almost two years after the start of the 90-day visa-free regime with the EU, part-time work in the EU is increasingly common. Of the 7-9 million Ukrainians who work abroad, only one third do so full t...
Poland’s average wage is $1,050, about three times higher than in Ukraine. Poland’s average wage is $1,050, about three times higher than in Ukraine. In a recent Channel 24 report, economist Alexander Savchenko said a fast way to increase monthly salaries by one third would ...
On average, Ukrainian companies raised wages last year by 15-20%, Yuriy Perch, Ukraine director for the ANKOR job agency, On average, Ukrainian companies raised wages last year by 15-20%, Yuriy Perch, Ukraine director for the ANKOR job agency, tells 112.ua for a detailed story about labor migration. To hold on to employe...
Ukrainian builders, welders, plumbers, and truck driver Ukrainian builders, welders, plumbers, and truck drivers are most sought after abroad, according to Vasyl Voskoboynik, who runs a Ukrainian employment agency association. An experienced tiler who earn...
In Ukraine, 42 domestic and international payment systems were in use at the end of last year In Ukraine, 42 domestic and international payment systems were in use at the end of last year, reports the National Bank of Ukraine. These included credit card companies and international transfer sys...
The Finance Ministry sold the equivalent of $304 million bonds Tuesday, fulfilling 99% of all bids without changing yields from the 18-19% range. ICU writes: The Finance Ministry sold the equivalent of $304 million bonds Tuesday, fulfilling 99% of all bids without changing yields from the 18-19% range. ICU writes: “Demand for local-currency bills remains h...
Horizon Capital Horizon Capital has acquired a minority stake in Dobrobut, the Kyiv-based private healthcare provider. Financial terms weren’t announced for the investment which is from Horizon new $200 million Emerg...
Anders Aslund in an Atlantic Council essay writes that “financial markets are happy,” Anders Aslund in an Atlantic Council essay writes that “financial markets are happy,” pacified by “the freest and fairest election in Ukraine’s history.” He elaborates: “The hryvnia strengthened by 3%...
Investments by foreigners in Ukrainian domestic treasury bills hit a new record last week Investments by foreigners in Ukrainian domestic treasury bills hit a new record last week, increasing by UAH 2.5 billion, to nearly UAH 23bn, or $852 million. ICU writes: “For three weeks in a row, do...
A new China-Hungary container train, rolling 1,200 km through Ukraine, starts weekly service on Friday. A new China-Hungary container train, rolling 1,200 km through Ukraine, starts weekly service on Friday. Last week, a 41-container test train carrying consumer goods from Shanxi, China, completed the 1...
Planners are drawing up blueprints for a Planners are drawing up blueprints for a €600 million industrial park and logistics hub to turn Kovel into a gateway for Chinese goods to the EU. Trains from China to the EU face two railroad gauge br...
With five rail lines radiating out of Kovel, Western Ukraine’s rail hub With five rail lines radiating out of Kovel, Western Ukraine’s rail hub, Ukrzaliznytsia is electrifying the 85 km stretch southwest to Izov on the Polish border and planning to use EU loans to rebuild...
“The [Kovel] region has a unique opportunity to turn into a transport and logistics hub and become the western gateway of Ukraine to Europe,” “The [Kovel] region has a unique opportunity to turn into a transport and logistics hub and become the western gateway of Ukraine to Europe,” Oleksandr Savchenko, Ukraine’s chairman of the...
One year after restoring its Zurich-Kyiv route, Swiss International Air Lines increases its frequency this week by 50%, to six times a week One year after restoring its Zurich-Kyiv route, Swiss International Air Lines increases its frequency this week by 50%, to six times a week. In July, the flight will increase to daily, says Rene Koinz...
Ihor Kolomoisky, the former owner of PrivatBank and backer of presidential candidate Volodymyr Zelenskiy, has demanded $2 billion in PrivatBank capital be returned to him. Ihor Kolomoisky, the former owner of PrivatBank and backer of presidential candidate Volodymyr Zelenskiy, has demanded $2 billion in PrivatBank capital be returned to him. The nation’s largest bank, P...
“They want to keep PrivatBank?” “They want to keep PrivatBank?” Kolomoisky asked Economichna Pravda magazine in an interview. “Let them. I don’t need PrivatBank. But there was $2 billion in the capital there. Let them return it to m...
In the largest bank rescue in Ukraine’s history, In the largest bank rescue in Ukraine’s history, the government contributed $5.5 billion to its equity and bailed in $1.1 billion of the bank’s liabilities, including $550 million in Eurobonds. Concor...
With ties between Zelenskiy and Kolomoisky clear, the US Embassy in Kyiv tweeted before the first round vote: With ties between Zelenskiy and Kolomoisky clear, the US Embassy in Kyiv tweeted before the first round vote: “The US Embassy closely monitors the development of events around PrivatBank. Its national...
This week, President Poroshenko flies to Germany and France for photo ops with Chancellor Merkel and President Macron This week, President Poroshenko flies to Germany and France for photo ops with Chancellor Merkel and President Macron. Zelenskiy also will meet with Macron. Then, Poroshenko says he will be at the Oli...
The Kyiv Post, historically critical of the Poroshenko administration, is increasingly skeptical of the comedian candidate. The Kyiv Post, historically critical of the Poroshenko administration, is increasingly skeptical of the comedian candidate. “The more scrutiny that is applied to presidential candidate Volodymyr Zelen...
“While he surrounds himself with a group of reformers — ex-Finance Minister Oleksandr Danylyuk, ex-Economy Minister Aivaras Abromavicius “While he surrounds himself with a group of reformers — ex-Finance Minister Oleksandr Danylyuk, ex-Economy Minister Aivaras Abromavicius and lawmaker Sergii Leshchenko — how much influence they have o...
The EU and the European Investment Bank are preparing new concessional loans to finance the rebuilding roads and railroad tracks from Mariupol The EU and the European Investment Bank are preparing new concessional loans to finance the rebuilding roads and railroad tracks from Mariupol northwest to Zaporizhia and west to Mykolaiv reports the ...
In the latest investment in Mariupol port, a successful auction was held last week for dredging 2 million cubic meters of sediment from the approach channel and port In the latest investment in Mariupol port, a successful auction was held last week for dredging 2 million cubic meters of sediment from the approach channel and port. Five previous auctions failed due...
The World Trade Organization, or WTO, has upheld Russia’s “national security” justification for banning transit of Ukrainian exports through Russia to Central Asia and Mongolia. The World Trade Organization, or WTO, has upheld Russia’s “national security” justification for banning transit of Ukrainian exports through Russia to Central Asia and Mongolia. Russia imposed restric...
The EU will finance almost two thirds a €208 million project designed to expand Poland’s sole LNG terminal by 50%, The EU will finance almost two thirds a €208 million project designed to expand Poland’s sole LNG terminal by 50%, reports Polish Radio. Located in Świnoujście, a Baltic port on the German border, the...
By 2023, a pipeline is to bring Norwegian gas through Denmark to Poland. By 2023, a pipeline is to bring Norwegian gas through Denmark to Poland. With American LNG and Norwegian pipeline gas, Poland plans to stop buying gas from Russia in 2023. Currently, Russia supplies t...
Created by a Ukrainian, Nigeria’s largest online marketplace for classifieds, has acquired its main competitor on the African market Created by a Ukrainian, Nigeria’s largest online marketplace for classifieds, has acquired its main competitor on the African market, OLX and its businesses in Kenya, Ghana, Uganda and Tanzania. Found...
Inc.com, the New York-based business news site, ranks Kyiv’s UICE Group at the top of its list of “the Top 10 Fastest-Growing Private Companies in Europe.” Inc.com, the New York-based business news site, ranks Kyiv’s UICE Group at the top of its list of “the Top 10 Fastest-Growing Private Companies in Europe.” The Ukrainian Interbank Currency Exchange be...
Setting an ambitious goal for air travel, the government wants to nearly quadruple air passengers in the 2020s, to 80 million in 2030 Setting an ambitious goal for air travel, the government wants to nearly quadruple air passengers in the 2020s, to 80 million in 2030. Building on a 25% jump last year, to 20.5 million air travelers, ...
Metinvest, Ukraine’s largest steelmaker, plans $1 billion capital investments this year, a 20% increase over last year, Metinvest, Ukraine’s largest steelmaker, plans $1 billion capital investments this year, a 20% increase over last year, the company tells analysts. Metinvest CEO Yuriy Ryzhenkov, says more than 60% of...
Metinvest made $1.2 billion in net profits last year – almost double the 2017 level Metinvest made $1.2 billion in net profits last year – almost double the 2017 level, the company reports. “Underpinned by favorable steel and iron ore prices and ongoing economic growth in UkraineR...
