New office space is to double this year in Kyiv – to 117,000 square meters, New office space is to double this year in Kyiv – to 117,000 square meters, according to a new study by CBRE Ukraine. In 2020, new space is to increase by another 20%, fully returning to pre-2014 leve...
Driving demand, IT companies accounted for 38% of office take up and co-working hubs accounted for 24%. Driving demand, IT companies accounted for 38% of office take up and co-working hubs accounted for 24%. The biggest expansion was by Regus, which rented three new office spaces for a total of 8,300 sq...
Dragon Capital has bought Aladdin Kyiv, its fourth shopping center in less than three years Ukraine. Dragon Capital has bought Aladdin Kyiv, its fourth shopping center in less than three years Ukraine. Located at a left bank highway interchange, near Poznyaki metro station on the Green metro line, Al...
In a blunt speech, US Ambassador Marie Yovanovitch called on the government to take concrete steps to curb corruption, widely seen as cancer retarding business investment and economic growth. In a blunt speech, US Ambassador Marie Yovanovitch called on the government to take concrete steps to curb corruption, widely seen as cancer retarding business investment and economic growth. Yovanovi...
Timothy Ash writes from London: Timothy Ash writes from London: “Stark warning to Poroshenko Administration that they cannot assume Western backing, and that they have to deliver on the anti-corruption front and also ensure free and...
Veteran Ukraine watcher and business reporter Diane Francis writes in an Atlantic Council essay: ‘ Veteran Ukraine watcher and business reporter Diane Francis writes in an Atlantic Council essay: ‘Why Poroshenko Doesn’t Deserve a Second Term’: “Zelenskiy is an experienced and successful businessman...
Almost 40% of Ukrainians would like to open their own business Almost 40% of Ukrainians would like to open their own business, but two thirds believe the state hinders small and medium businesses, according to a late February poll of 2,500 people conducted by the...
An overwhelming majority – 77% – support cutting bank interest rates, currently the highest in Europe. An overwhelming majority – 77% – support cutting bank interest rates, currently the highest in Europe. Of respondents, 63% trust small entrepreneurs and 60% trust medium-sized entrepreneurs. Con...
It is now easier for foreigners to get work permits, the government says. It is now easier for foreigners to get work permits, the government says. Under regulations adopted Wednesday, foreigners are allowed to submit documents to the Foreign Ministry’s Consular Services De...
Ukraine’s goal this year is to climb 10 notches in the World Bank’s Ease of Doing Business ranking Ukraine’s goal this year is to climb 10 notches in the World Bank’s Ease of Doing Business ranking. Last year, Ukraine rose five points to rank 71st out of 190 countries. Charged with this deregulatio...
The government will renew the 3-year contract of Naftogaz CEO Andriy Kobolyev. The government will renew the 3-year contract of Naftogaz CEO Andriy Kobolyev. Instead, a tender will open March 23 for his replacement. In response, Kobolyev held a press conference Wednesday afterno...
Naftogaz’ gas production company, UkrGazvyDobuvannia, nearly doubled its ‘fracking’ operations this winter Naftogaz’ gas production company, UkrGazvyDobuvannia, nearly doubled its ‘fracking’ operations this winter. The state company reports that it plans to conduct over 100 hydraulic fracturing operations ...
With state gas production flat last year, attention turns to private company participation Wednesday in Ukraine’s online auctions of 10 gas and oil fields for exploration and production. With state gas production flat last year, attention turns to private company participation Wednesday in Ukraine’s online auctions of 10 gas and oil fields for exploration and production. Ariel Cohen, ...
Volodymyr Zelenskiy, the leading presidential candidate in opinion polls, backs the strategy of Jair Bolsonaro, Brazil’s new president, to hire outside experts for the government. Volodymyr Zelenskiy, the leading presidential candidate in opinion polls, backs the strategy of Jair Bolsonaro, Brazil’s new president, to hire outside experts for the government. “It’s the right move...
On Monday, On Monday, Oleksandr Danylyuk, Ukraine’s former finance minister, represented Zelensky at a candidates forum sponsored by the Ukraine Business Council. Danylyuk advocated policies he pushed until he l...
On Facebook, Zelenskiy wrote Monday that he favors drafting a new law on illegal enrichment that will meet Western standards. On Facebook, Zelenskiy wrote Monday that he favors drafting a new law on illegal enrichment that will meet Western standards. In an apparent reference to President Poroshenko, he vowed one presidentia...
Russia will not send gas through Ukraine next year, Russia will not send gas through Ukraine next year, predicts Yuriy Vitrenko, managing director of Naftogaz. “When Nord Stream 2 is finished this year, there will be no need to use the Ukrainian gas tr...
“Why I am so pessimistic — or realistic?” “Why I am so pessimistic — or realistic?” the Naftogaz number two asked himself. First, Gazprom is overbuilding pipeline capacity. Meanwhile, EU gas consumption will be “flat,” then decline as r...
Next door to Brussels, Russian Prime Minister Dmitry Medvedev told Next door to Brussels, Russian Prime Minister Dmitry Medvedev told Luxemburger Wort newspaper Monday that Ukraine could remain as a transit country for Russian gas “under certain conditions…They are a...
But w But without a contract for guaranteed gas transit volumes, foreign investor interest in upgrading and managing Ukraine’s gas pipeline system is frozen, said Vitrenko. “There are a number of serious US...
Raising the stakes for Gazprom, Raising the stakes for Gazprom, Vitrenko said that in April Naftogaz will file a complaint in Brussels with European Commission Competition authorities claiming that EU consumers are damaged by Gazpro...
European companies that resume laying pipe this spring for the Nord Stream 2 gas pipeline “risk significant sanctions,” European companies that resume laying pipe this spring for the Nord Stream 2 gas pipeline “risk significant sanctions,” Nicole Gibson, deputy director of the US State Department’s office for Europe, w...
Timothy Ash writes: Timothy Ash writes: “Bad week for Ukraine: First with the constitutional court ruling on asset declarations; Second, now with the court ruling against cabinet over gas price hikes… Hard to see further...
With Volodymyr Zelenskiy leading in opinion polls for the March 31 presidential vote With Volodymyr Zelenskiy leading in opinion polls for the March 31 presidential vote, Oleksandr Danylyuk, the former finance minister, is working with Aivaras Abramovicius, the former economy minister...
Separately, Timothy Ash writes Separately, Timothy Ash writes: “The engagement of reformers with the Zelenskiy team is helping to erode Poroshenko’s message that the economy is only safe in his hands. Indeed, it is possible now to ...
Wizz Air is basing a fourth Airbus A320 jet at Kyiv Sikorsky this month, responding to the near doubling of its Ukraine passenger traffic Wizz Air is basing a fourth Airbus A320 jet at Kyiv Sikorsky this month, responding to the near doubling of its Ukraine passenger traffic. In January-February, the airline carried 300,000 passengers o...
While touring the nation’s 24 regional capitals in his reelection bid this month, President Poroshenko writes on Facebook: “The development of regional airports is our priority!” While touring the nation’s 24 regional capitals in his reelection bid this month, President Poroshenko writes on Facebook: “The development of regional airports is our priority!”
Uzhgorod airport reopens next week with flights on Motor Sich to Lviv and Kyiv Uzhgorod airport reopens next week with flights on Motor Sich to Lviv and Kyiv. The new weekly flight ends a three-year break in commercial flights.
Mykolaiv airport aims to 200,000 passengers a year in the early 2020s Mykolaiv airport aims to 200,000 passengers a year in the early 2020s, surpassing a level not seen 1990. Closed for a decade, the airport reopened 10 weeks ago with SkyUp flights to Sharm el Sheikh, E...
Cherkasy airport, closed since 2002, is negotiating with SkyUp Airlines to host international charter flights later this year. Cherkasy airport, closed since 2002, is negotiating with SkyUp Airlines to host international charter flights later this year. Odesa’s Rostdorstroy is under contract to complete repaving the airport’s...
Billed as “the largest industrial construction project in the history of independent Ukraine,” Billed as “the largest industrial construction project in the history of independent Ukraine,” a new $150 million steel casting plant in Mariupol is to pump out $1 billion worth of new steel slab expo...
President Poroshenko ordered officials on Friday to reopen Mariupol’s airport President Poroshenko ordered officials on Friday to reopen Mariupol’s airport. Located eight kilometers west of the city, the airport served as a Ukrainian Army command center during the separatists’ ...
Capable of casting 2.5 million tons of steel slab a year, the plant largely uses Austrian equipment from Primetals Technologies. Capable of casting 2.5 million tons of steel slab a year, the plant largely uses Austrian equipment from Primetals Technologies. Raiffeisen Bank International provided a €43 million loan, covered by A...
Nibulon has launched its 10th and final tug boat from its Mykolaiv shipyard. Nibulon has launched its 10th and final tug boat from its Mykolaiv shipyard. Completing a five-year construction project, the tug fleet is to haul grain barges down the Dnipro to Nibulon’s Black Sea t...
With an early end to the ice season and completion of repairs on two locks With an early end to the ice season and completion of repairs on two locks — Kakhovsky and Zaporizhia – commercial shipping on the Dnipro is to resume next week. Last year, 10 million tons of ca...
Using the Dnipro River to move construction materials Using the Dnipro River to move construction materials, Kyiv’s river port plans to build a 10,000 square meter, multi-modal logistics center, capable of handling containers for trucks or trucks, report...
The government will appeal a court decision on Monday that invalidated a Cabinet of Ministers’ decree to raise internal gas prices to the prices for imported gas. The government will appeal a court decision on Monday that invalidated a Cabinet of Ministers’ decree to raise internal gas prices to the prices for imported gas. Vasyl Ryabchuk, the spokesman for Pri...
The World Bank and G7 Ambassadors condemned as a ‘serious setback’ a second court ruling, this one invalidating the nation’s law on illegal enrichment. The World Bank and G7 Ambassadors condemned as a ‘serious setback’ a second court ruling, this one invalidating the nation’s law on illegal enrichment. The condemnation came Monday after President Por...
The EU plans to spend The EU plans to spend €50 million to improve road and rail access to Mariupol and Ukraine’s Sea of Azov, President Poroshenko told the Odesa Regional Development Council on Saturday. By electrifying r...
President Poroshenko promises to submit a public-private concessions bill as an “urgent bill” to the Rada. President Poroshenko promises to submit a public-private concessions bill as an “urgent bill” to the Rada. “Deputies are still adopting the relevant laws,” the president said in Odesa, referring to th...
Volodymyr Zelenskiy, the leading presidential candidate in opinion polls, met on Feb. 23 with representatives of the IMF and the World Bank and with French Ambassador Isabelle Dumont. Volodymyr Zelenskiy, the leading presidential candidate in opinion polls, met on Feb. 23 with representatives of the IMF and the World Bank and with French Ambassador Isabelle Dumont. Aivaras Abromavi...
On April 1, three weeks before the expected second round of Presidential elections, all front line soldiers will receive bonuses. On April 1, three weeks before the expected second round of Presidential elections, all front line soldiers will receive bonuses. Front line soldiers will receive the hryvnia equivalent of $74, down p...
In another injection of cash into hands of voters, the government will pay $211 million in housing, heating, and communal subsidies directly to homeowners in cash this month In another injection of cash into hands of voters, the government will pay $211 million in housing, heating, and communal subsidies directly to homeowners in cash this month. Andrei Reva, Social Polic...
An IMF team arrives in Kyiv tomorrow for a week-long review visit. An IMF team arrives in Kyiv tomorrow for a week-long review visit. In December, Ukraine received a first $1.4 billion tranche of a 14-month $3.9 billion program. Progress toward implementing anti-corr...
Ukraine has received a second loan, for €529 million, under a World Bank guarantee, Ukraine has received a second loan, for €529 million, under a World Bank guarantee, reports the Finance Ministry. Funds were provided in two tranches – €240 million with a maturity of four years...
Ukrainians and Georgians can visit each other’s countries using only their national ID cards Ukrainians and Georgians can visit each other’s countries using only their national ID cards, or internal passports, under an agreement that went into effect on Friday. Ukraine and Turkey have a simil...
Kharkiv, Ukraine’s second largest city, gets more international flights this spring Kharkiv, Ukraine’s second largest city, gets more international flights this spring. On Saturday, SkyUp started flights to Sharjah, UAE. On March 25, Ernest Airlines starts a flight to Rome and Milan-...
France’s Alstom is prepared to supply 500 train locomotives to Ukraine, France’s Alstom is prepared to supply 500 train locomotives to Ukraine, Henri Poupart-Lafarge, the company CEO tells the Center for Transportation Strategies. Alstom is proposing to Ukrzalinystia a pa...
Prime Minister Groysman told the Alstom CEO about a locomotive deal: “The issue of localization is very important to us. Prime Minister Groysman told the Alstom CEO about a locomotive deal: “The issue of localization is very important to us. We are interested not only in maintenance but also in full-scale production.” T...
