Partners news

Monday, March 25

Preparing to place Eurobonds later this year, Naftogaz is posting an international tender for auditing services Preparing to place Eurobonds later this year, Naftogaz is posting an international tender for auditing services. Last October, the Cabinet of Ministers approved the issuance of up to $1 billion in Naf...

Hungary traded more last year with Ukraine than with Russia Hungary traded more last year with Ukraine than with Russia, Hungary’s ambassador to Ukraine tells Focus magazine. “Ukraine is our greatest neighbor,” says Amb. István Iyardto. “Despite the cool relat...

The EU is prepared to help improve road and rail access to Mariupol The EU is prepared to help improve road and rail access to Mariupol, Infrastructure Minister Volodymyr Omelyan said Friday after meeting with EU Ambassador to Ukraine Hugues Mingarelli. With an eye to...

This year, the Infrastructure Ministry is spending This year, the Infrastructure Ministry is spending €4.5 million to double the last stretch of single track on the rail line and is spending $37 million to upgrade the road to Zaporizhia. With Russian ...

To preserve cargo flows through Mariupol and Berdyansk, Ukrzaliznytsia is preparing to offer discounts on cargo bound for Ukraine’s Sea of Azov ports To preserve cargo flows through Mariupol and Berdyansk, Ukrzaliznytsia is preparing to offer discounts on cargo bound for Ukraine’s Sea of Azov ports. At Mariupol, the larger port, ship calls, and car...

UIA, Ukraine’s flag carrier, lost $100 million last year, almost nine times the net loss of 2017 UIA, Ukraine’s flag carrier, lost $100 million last year, almost nine times the net loss of 2017, Interfax-Ukraine reports, citing a filing to the National Securities and Stock Market Commission. Comp...

Expansion by low-cost airlines from Kyiv to 62 European cities is driving UIA’s losses Expansion by low-cost airlines from Kyiv to 62 European cities is driving UIA’s losses. This spring, at UIA’s Boryspil hub, newcomer SkyUp is launching flights to 13 cities, largely in Europe. By this...

Friday, March 22

Also overnight, Ukraine-based SkyUp becomes the airline offering the most destinations from Odessa – seven. Also overnight, Ukraine-based SkyUp becomes the airline offering the most destinations from Odessa – seven. From May 17 to June 4, SkyUp launches direct scheduled flights from Odessa to Barcelona, Kha...

Completing expansion plans, SkyUp plans to start service from Kyiv Boryspil, from April 26 to June 2, to seven cities: Completing expansion plans, SkyUp plans to start service from Kyiv Boryspil, from April 26 to June 2, to seven cities: Barcelona, Batumi, Lanarca, Naples, Odesa, Tbilisi and Yerevan. From regional air...

Foreign participation in Ukrainian local debt auctions could increase up to 25 times, Foreign participation in Ukrainian local debt auctions could increase up to 25 times, according to a new Goldman Sachs analysis of the impact of the opening this spring of a Clearstream link to the Na...

Linking to this international, Luxembourg-based securities depository will help Ukraine climb its “debt mountain.” Linking to this international, Luxembourg-based securities depository will help Ukraine climb its “debt mountain.” With $20 billion in reserves today, Ukraine must pay back nearly $15 billion in debt ...

Gazprom Export has told Bulgaria it plans to stop sending gas through Ukraine to Bulgaria next January, Gazprom Export has told Bulgaria it plans to stop sending gas through Ukraine to Bulgaria next January, Bulgaria’s Energy Minister, Temenuzhki Petkova, tells bTV, Bulgaria’s largest TV station. To rep...

Shanghai-listed LONGi Solar was the largest Chinese photovoltaic module supplier to Ukraine last year Shanghai-listed LONGi Solar was the largest Chinese photovoltaic module supplier to Ukraine last year, the company reports, citing export data from China Customs. LONGi exported 285 MW of the assembli...

Three months after a Chinese Skywell electric bus started plying a 17-km route on Kyiv’s Left Bank Three months after a Chinese Skywell electric bus started plying a 17-km route on Kyiv’s Left Bank, Skywell sent the same model bus to Poltava for testing. With a range of 300 km from a single charge,...

Shanghai Aowei Technology Development Co. is talking with Shanghai Aowei Technology Development Co. is talking with Chernihiv Automobile Plant, a bus manufacturer, about producing electric buses at its factory. Aowei points out that it is assembling buses in...

The electric transit vogue spreads to Odessa, as City Council adopts a 3-year, $134 million plan to buy 14 electric buses and 67 new trams, The electric transit vogue spreads to Odessa, as City Council adopts a 3-year, $134 million plan to buy 14 electric buses and 67 new trams, reports the Center for Transportation Technologies. Now in t...

China expects as many as 2,000 Ukrainian buyers and exhibitors at the upcoming Canton Fair in Guangdong Province, China expects as many as 2,000 Ukrainian buyers and exhibitors at the upcoming Canton Fair in Guangdong Province, Xu Bing, deputy director general of China Foreign Trade Center, the organizer, tells X...

Matteo Patrone, the new regional head of EBRD, the largest investor in Ukraine, says: “Clearly the message from our Board is: invest more in Ukraine.” Matteo Patrone, the new regional head of EBRD, the largest investor in Ukraine, says: “Clearly the message from our Board is: invest more in Ukraine.” Despite that marching order, he said that only 40...

Kharkiv airport, serving Ukraine’s second largest city, joins the big leagues this spring with new flights to Azerbaijan. Cyprus, Georgia, Italy, Spain, and United Arab Emirates. Kharkiv airport, serving Ukraine’s second largest city, joins the big leagues this spring with new flights to Azerbaijan. Cyprus, Georgia, Italy, Spain, and United Arab Emirates. The expansion of East...

To Italy, Ernest Airlines started direct flights last week from Kharkiv to Rome and Milan Malpensa. To Italy, Ernest Airlines started direct flights last week from Kharkiv to Rome and Milan Malpensa. Shadi El Tannir, business development director for the Italian-Albanian airline, said Airbus A320s a...

Virtually overnight, SkyUp will become Kharkiv airport’s busiest airline, Virtually overnight, SkyUp will become Kharkiv airport’s busiest airline, launching direct, scheduled flights between May 25 to June 7 from Kharkiv to six new destinations: Barcelona, Odessa, Kutaisi ...

Thursday, March 21

Sliding gas prices in Eastern Europe will allow Sliding gas prices in Eastern Europe will allow Naftogaz to charge Ukrainian households 2% less for gas in April than in March, the state energy company reports. Last November’s move to raise househol...

After riding a near 10% rise in the value of Ukraine sovereign bonds since the start of the year, foreign holders of Ukraine bonds are selling and taking profits, citing concerns over the presidential election, After riding a near 10% rise in the value of Ukraine sovereign bonds since the start of the year, foreign holders of Ukraine bonds are selling and taking profits, citing concerns over the presidential...

Former central bank governor Valeria Gontareva “painted a stark picture” of a Zelenskiy government in a separate London briefing. Former central bank governor Valeria Gontareva “painted a stark picture” of a Zelenskiy government in a separate London briefing. Zsolt Papp, emerging market debt specialist at JPMorgan Asset Manageme...

At a meeting with leaders of the American and European chambers of commerce on Monday, Zelenskiy stressed he wants to keep on track with the IMF At a meeting with leaders of the American and European chambers of commerce on Monday, Zelenskiy stressed he wants to keep on track with the IMF and “will not return PrivatBank” to its former owner, I...

With the Naftogaz CEO’s five-year contract due to expire tomorrow, the government has decided to renew it for one more year With the Naftogaz CEO’s five-year contract due to expire tomorrow, the government has decided to renew it for one more year. With two elections and the Gazprom gas transit contract expiring, the gover...

Contract renewal is subject to two other conditions Contract renewal is subject to two other conditions. To meet EU rules, a gas transportation company must take over management this year of Ukraine’s gas pipeline system. In addition, Prime Minister Gr...

“ “The Naftogaz production program failed,” Groysman complained to reporters, referring to stagnant production by UkrGasVydobuvannya. “The failure of Naftogaz in production creates problems in the count...

To jump-start foreign investment in energy production, 25 oil and gas exploration and production blocks go up for auction in May and June To jump-start foreign investment in energy production, 25 oil and gas exploration and production blocks go up for auction in May and June, according to details posted on ProZorro.Sale, the government’...

“There is interest from American, British, Norwegian and Canadian firms,” “There is interest from American, British, Norwegian and Canadian firms,” Energy Minister Nasalik told reporters Wednesday, referring to the production sharing agreements. The agreements are for 50 ye...

To prepare for a winter without Russian gas, Ukraine should store an extra 18% of gas in its reservoirs this summer and fall To prepare for a winter without Russian gas, Ukraine should store an extra 18% of gas in its reservoirs this summer and fall, Kobolyev, the newly re-empowered Naftogaz CEO, tells RBC-Ukraine. Naftogaz...

Wednesday, March 20

Electrontrans, a Lviv-based German-Ukrainian joint venture, won two tenders in recent days totaling $37 million to supply a total of 20 self-propelled trams to Kyiv. Electrontrans, a Lviv-based German-Ukrainian joint venture, won two tenders in recent days totaling $37 million to supply a total of 20 self-propelled trams to Kyiv. The Lviv-based manufacturer is to ...

Odessa plans to spend $50 million over three years to upgrade its central North-South tram route. Odessa plans to spend $50 million over three years to upgrade its central North-South tram route. The city will buy 21 single car electric trams and 16 double car trams. Last year, Odessa’s trams and ...

The EBRD and the The EBRD and the World Bank’s Clean Technology Fund are providing low-interest loans totaling €17.5 million to Lviv to buy 50 low floor electric trolleybuses from Electrontrans. Under a loan agreement...

Similarly, the EBRD and the Clean Technology Fund are loaning Similarly, the EBRD and the Clean Technology Fund are loaning €13 million to Dnipro to buy 44 new trolleybuses. Last month, Bohdan Motors won an €11.5 million tender to supply 57 new trolleybuses to K...

Ternopil has placed tenders for 100 used buses from EU countries. Ternopil has placed tenders for 100 used buses from EU countries. Expected to cost $6 million, the auctions take place on ProZorro May 15-16. Last year, Mariupol bought 20 used trams from the EU, its ...

In a US-Ukraine joint venture, a $55 million, 64MW solar plant was inaugurated Tuesday in Kamenets-Podilskiy, in Khmenlnitskiy region. In a US-Ukraine joint venture, a $55 million, 64MW solar plant was inaugurated Tuesday in Kamenets-Podilskiy, in Khmenlnitskiy region. The plant was financed on a 50-50 basis by ICU, the Kyiv investme...

Volodymyr Zelenskiy, currently the leading presidential candidate in election polls, met Monday with leaders of Ukrainian business associations. Volodymyr Zelenskiy, currently the leading presidential candidate in election polls, met Monday with leaders of Ukrainian business associations. He was accompanied by former finance minister Oleksandr...

Separately, Bloomberg writes of Zelenskiy: Separately, Bloomberg writes of Zelenskiy: “There’s nothing funny about why a comedian is getting a shot at becoming president of Ukraine, a country at war. In dramatic revolutions of 2004 and 2014, U...

With the loss of portions of Donetsk and Luhansk to Russian-separatist control five years ago, Ukraine lost almost one-quarter of its industrial capacity With the loss of portions of Donetsk and Luhansk to Russian-separatist control five years ago, Ukraine lost almost one-quarter of its industrial capacity, President Poroshenko said on ICV’s Freedom of...

Serbia’s largest Škoda importer tells Večernje Novosti, a leading Belgrade newspaper, that executives from Škoda and parent company Volkswagen talked to him last week about moving assembly from Zakarpattia, Ukraine to Serbia. Serbia’s largest Škoda importer tells Večernje Novosti, a leading Belgrade newspaper, that executives from Škoda and parent company Volkswagen talked to him last week about moving assembly from Zakarp...

The EBRD is committed to loaning nearly half a billion dollars over the next three years to dramatically upgrade mass transit in Kyiv. The EBRD is committed to loaning nearly half a billion dollars over the next three years to dramatically upgrade mass transit in Kyiv. By 2021, the capital should see new buses, trolleybuses and subwa...

Noting that Ukraine has five trolleybus manufacturers and 10 bus manufacturers Noting that Ukraine has five trolleybus manufacturers and 10 bus manufacturers, Andrei Glushchenko, analysts for GMK, the nation’s metal news site, says: “The EBRD project means a favorable opportunit...

With the number of cars in Kyiv expected to increase by 60% by 2025, the city has adopted a $3 billion, 5-year transportation program. With the number of cars in Kyiv expected to increase by 60% by 2025, the city has adopted a $3 billion, 5-year transportation program. Heavily oriented toward non-car mobility, the program calls for b...

Upgrading urban mass transit across Ukraine is the goal of a combined credit line of the EBRD and the European Investment Bank Upgrading urban mass transit across Ukraine is the goal of a combined credit line of the EBRD and the European Investment Bank. Under the Ukraine Urban Public Transport Project, two development banks ...

Tuesday, March 19

A nearly $100 million international tender has been announced for dismantling the cement sarcophagus built in 1986 around the still smoldering remains of the damaged reactor at Chernobyl. A nearly $100 million international tender has been announced for dismantling the cement sarcophagus built in 1986 around the still smoldering remains of the damaged reactor at Chernobyl. In Nov. 2016...

Smart Energy has hit daily gas production of 1 million cubic meters a day, the privately held British-Ukrainian group reports Smart Energy has hit daily gas production of 1 million cubic meters a day, the privately held British-Ukrainian group reports. If production maintains this level, it would mean a 22.5% increase over l...

Ukraine’s part ownership of a container port on the Saigon River, a legacy of the Soviet era, could become a logistics hub for Ukraine’s exports to Asia, Ukraine’s part ownership of a container port on the Saigon River, a legacy of the Soviet era, could become a logistics hub for Ukraine’s exports to Asia, Viktor Dovhan, deputy infrastructure minister,...

Smartphone payments with MasterCards could increase 90-fold in Ukraine in 2019-2020, Smartphone payments with MasterCards could increase 90-fold in Ukraine in 2019-2020, Yuriy Bakhtin, Mastercard Ukraine business development director, predicted Monday at a Kyiv round table. In 2018 al...

Judging by income tax returns, Ukrainian declared incomes grew 7% last year, in post-inflation terms Judging by income tax returns, Ukrainian declared incomes grew 7% last year, in post-inflation terms. According to the State Fiscal Service, Ukrainians paid the hryvnia $3.6 billion in income tax, 17%...