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...
Ukrzaliznytsia plans to spend $1.85 billion through 2025 to buy 310 new locomotives, Ukrzaliznytsia plans to spend $1.85 billion through 2025 to buy 310 new locomotives, Alexander Bogdanov, deputy director of the state railroad’s locomotive department, said at a recent railway confere...
China’s Xian Electric Engineering Co. has signed a China’s Xian Electric Engineering Co. has signed a €19.4 million contract to rebuild a Ukrenergo substation serving the Boryspil, Brovary and Baryshivka regions of Kyiv’s region’s left bank. Ukraine’s...
Degraded industrial land around the shipyard on Kyiv’s Rybalski peninsula will be transformed into a residential complex, a shopping center, and offices, Degraded industrial land around the shipyard on Kyiv’s Rybalski peninsula will be transformed into a residential complex, a shopping center, and offices, Sergey Tigipko, the new owner, tells Novoe Vre...
Kernel, one of the nation’s largest farm groups, saw its net profit jump 83% to $164 million in the last half of 2018 Kernel, one of the nation’s largest farm groups, saw its net profit jump 83% to $164 million in the last half of 2018, compared to the same period in 2017. In Kernel’s fiscal year, ending next June, t...
President Poroshenko has proposed fresh legislation to fight corruption, a day after the Constitutional Court threw out an illicit enrichment law. President Poroshenko has proposed fresh legislation to fight corruption, a day after the Constitutional Court threw out an illicit enrichment law. The original law was passed in 2015 as a condition of...
Concorde Capital’s Zenon Zawada writes: Concorde Capital’s Zenon Zawada writes: “In one fell swoop, the Constitutional Court rescued dozens of high-ranking officials from corruption investigations and possible prosecutions under a new presi...
Timothy Ash writes from London Timothy Ash writes from London: “This is a disaster in terms of future of anti-corruption effort and raises a huge question mark about future cooperation with the IMF.”
Dragon Capital writes: Dragon Capital writes: “It is not clear if this ruling has any immediate implications for Ukraine’s ongoing aid programs with the IMF and the EU, but it is obviously not passing unnoticed and, if not ...
Volodymyr Zelenskiy, the frontrunner in presidential opinion polls, tells Reuters that Volodymyr Zelenskiy, the frontrunner in presidential opinion polls, tells Reuters that he would keep Ukraine in compliance with its IMF program, saying he would not allow Ukraine “to default and spoil...
Ukraine imported from Russia 61% percent of its nuclear power plant fuel last year — and only 39% from Westinghouse’s plant in Sweden. Ukraine imported from Russia 61% percent of its nuclear power plant fuel last year — and only 39% from Westinghouse’s plant in Sweden. Given that half Ukraine’s electricity comes from nuclear po...
The expected end on July 1 of the Intermediate-Range Nuclear Forces Treaty could prompt Kyiv to task the Yuzhnoye Design Bureau with making conventional warhead missiles capable of hitting military targets in Russia, The expected end on July 1 of the Intermediate-Range Nuclear Forces Treaty could prompt Kyiv to task the Yuzhnoye Design Bureau with making conventional warhead missiles capable of hitting military ta...
SkyUp Airlines, preparing for a major expansion this spring, will move its base on March 31 from Kyiv Sikorsky to Kyiv Boryspil. SkyUp Airlines, preparing for a major expansion this spring, will move its base on March 31 from Kyiv Sikorsky to Kyiv Boryspil. The Ukrainian discount airline will join Ryanair at Boryspil’s newly re...
Boryspil has two runways – one 3,500 meters long, and the other 4,000 meters. Boryspil has two runways – one 3,500 meters long, and the other 4,000 meters. Sikorsky has one 2,310 meter long runway. Surrounded by apartment buildings in the Zhuliany neighborhood, the airport has ...
Motor Sich, Ukraine’s all-Antonov airline, expands its flight network this spring Motor Sich, Ukraine’s all-Antonov airline, expands its flight network this spring. On March 15, it starts flights between Kyiv and Uzhgorod. On March 31, it increases to daily its flight frequencies b...
Israeli-Ukrainian City Capital Group plans to invest more than $50 million over the next four years to convert old industrial spaces in Kyiv into offices. Israeli-Ukrainian City Capital Group plans to invest more than $50 million over the next four years to convert old industrial spaces in Kyiv into offices. “The office real estate market is coming to l...
To attract foreign investment into oil and gas exploration and production, the State Geology Service is doubling the number of blocks prepared for electronic auction by June. To attract foreign investment into oil and gas exploration and production, the State Geology Service is doubling the number of blocks prepared for electronic auction by June. “More than 30 oil and gas...
The oil and gas auctions are designed to “attract the maximum quantity of not only Ukrainian companies but also foreign companies to the market,” The oil and gas auctions are designed to “attract the maximum quantity of not only Ukrainian companies but also foreign companies to the market,” said Ostap Semerak, Minister of Ecology and Natural Re...
President Poroshenko pushed a button starting a GE wind turbine Wednesday but did not publicly talk about the fate of the green energy auction bill in the Rada President Poroshenko pushed a button starting a GE wind turbine Wednesday but did not publicly talk about the fate of the green energy auction bill in the Rada. “The new energy industry is one of the ...
German commercial banks will loan €90 million for construction of the second phase of the Primorsk Wind Power Plant German commercial banks will loan €90 million for construction of the second phase of the Primorsk Wind Power Plant, Philipp Leckebusch, DTEK Renewables CEO, said at the inauguration. “This project is...
Almost 900 MW in wind power projects are under construction in Ukraine today Almost 900 MW in wind power projects are under construction in Ukraine today, says Andriy Konechenkov, chairman of the Ukrainian Wind Energy Association. Of these about 300 MW will be commissioned thi...
If Ukraine does not move from Europe’s highest green tariffs to an auction system, consumers will pay $1.5 billion a year for renewable energy by 2021 If Ukraine does not move from Europe’s highest green tariffs to an auction system, consumers will pay $1.5 billion a year for renewable energy by 2021, warns Olha Buslavets, director of energy markets...
DTEK Naftogaz, one of the nation’s largest private gas producers, plans to nearly double natural gas production to 3 billion cubic meters by 2024 DTEK Naftogaz, one of the nation’s largest private gas producers, plans to nearly double natural gas production to 3 billion cubic meters by 2024, Igor Shchurov, the company’s general director, said W...
Russia’s plan to bypass Ukraine to supply gas to southeast Europe is advancing. Russia’s plan to bypass Ukraine to supply gas to southeast Europe is advancing. Russian pipe maker TMK plans to bid on a Bulgartransgaz tender to build a pipeline north from Turkey, Reuters reports fr...
Ukraine exported half a billion dollars worth of chicken meat last Ukraine exported half a billion dollars worth of chicken meat last year – four times the combined total of beef, pork and sausage exports. According to the Food Export Council, meat exports were: chic...
Ukraine is expected to displace Russia this year as the largest Black Sea grain exporter. Ukraine is expected to displace Russia this year as the largest Black Sea grain exporter. Russia is to export 42 million tons this year, 20% below last year’s record 52.4 million tons. By contrast, Uk...
Ukraine’s central bank has completed a pilot project on a blockchain-based ‘e-hrynia.’ Ukraine’s central bank has completed a pilot project on a blockchain-based ‘e-hrynia.’ “We are not talking about cryptocurrency, we are talking about the digital currency of the central bank,” says Al...
Ukraine should allow dual citizenship, partly to inject new talent into the country Ukraine should allow dual citizenship, partly to inject new talent into the country, Foreign Minister Pavlo Klimkin told UNIAN In Odesa on Wednesday. “[Imagine] how many great professionals could come...
Foreign investors propose expanding Uzhgorod airport into a Slovak-Ukrainian enterprise Foreign investors propose expanding Uzhgorod airport into a Slovak-Ukrainian enterprise, with a free trade area and bonded warehouses for cargo on both sides of the international border, Eduard Maliar...
To better connect Slovakia and Zakarpattia, test passenger trains are to start in April on the standard gauge track between Košice, Slovakia’s second largest city, and Mukachevo, Zakapattia’s rail hub To better connect Slovakia and Zakarpattia, test passenger trains are to start in April on the standard gauge track between Košice, Slovakia’s second largest city, and Mukachevo, Zakapattia’s rail hub...
Reflecting pent up demand for this east-west connection Reflecting pent up demand for this east-west connection, two Czech private rail companies, Leo Express and RegioJet, recently started bus service between Mukachevo and Košice, the eastern rail terminu...
A 90-day clock has started running for energy companies to bid on nine oil and gas blocks put up for tender under 50-year production sharing agreements A 90-day clock has started running for energy companies to bid on nine oil and gas blocks put up for tender under 50-year production sharing agreements. By May 25, bids should be made to Ukraine’s Int...
Concern is mounting that ‘green energy’ auction bill is stuck in the Rada, threatening new investments in Ukraine’s booming renewable energy sector. Concern is mounting that ‘green energy’ auction bill is stuck in the Rada, threatening new investments in Ukraine’s booming renewable energy sector.
The law should be “be adopted before the elections — because otherwise we will lose at least six months,” The law should be “be adopted before the elections — because otherwise we will lose at least six months,” Torsten Wöllert, energy director for the European Commission’s Ukraine Support Group, to...
The EBRD, the largest lender to Ukraine, will resume lending for solar and wind projects only after the Rada passes the ‘green energy’ auction bill, The EBRD, the largest lender to Ukraine, will resume lending for solar and wind projects only after the Rada passes the ‘green energy’ auction bill, Olga Yeromina, EBRD Ukraine’s senior banker for ele...
Deputies under the control of “energy oligarchs” are sabotaging the auction bill by submitting extraneous amendments and blocking Rada consideration Deputies under the control of “energy oligarchs” are sabotaging the auction bill by submitting extraneous amendments and blocking Rada consideration, Yuriy Chyzhmar, a Radical Party deputy tells UNIAN...
Auctions are designed to lower Ukraine’s ‘green tariffs’, among the world’s highest Auctions are designed to lower Ukraine’s ‘green tariffs’, among the world’s highest. Last year renewable power sources provided 2% of the nation’s electricity, but accounted for 8% of the nation’s pow...
Worldwide investments in renewable energy hit $332 billion last year Worldwide investments in renewable energy hit $332 billion last year, the fifth year in a row the figure was over $300 billion, reports Bloomberg. Solar energy investment dropped by 24%, to $131 billi...
Bloomberg calculates that Ukraine attracted $2.4 billion in renewable projects last year Bloomberg calculates that Ukraine attracted $2.4 billion in renewable projects last year. China remained the world leader investing $100 billion. But this was one third below 2017 due to a cut in the ...
With office space tight and tourism rising, the Rada rejected a bill that would restrict the use of apartment buildings to private residences. With office space tight and tourism rising, the Rada rejected a bill that would restrict the use of apartment buildings to private residences. While office vacancies have fallen to 5%, Kyiv has an est...
Warehouse vacancies fell to 2.8%, pushing rents up last year by 20-25% in dollar terms Warehouse vacancies fell to 2.8%, pushing rents up last year by 20-25% in dollar terms, Property Times reports in a lengthy analysis of the warehouse sector, largely in Kyiv. Rents are to increase mor...
Uzhgorod will regain flights to Kyiv on March 15 Uzhgorod will regain flights to Kyiv on March 15, Valerii Lunchenko, a Rada member from Zakarpattia, tells Mukachevo.net. Almost three year ago, Ukraine’s westernmost airport lost air service, leaving...
Corteva Agriscience, the agricultural division of DowDuPont Inc., has achieved a 21% market share of Ukraine’s corn seed market and 16% of its sunflower seed market Corteva Agriscience, the agricultural division of DowDuPont Inc., has achieved a 21% market share of Ukraine’s corn seed market and 16% of its sunflower seed market, says Serhiy Kharin, head of Cortev...
In a step toward food processing, Mover Mill LLC has opened a $4 million mill capable of producing 350 tons of flour, semolina or bran a day. In a step toward food processing, Mover Mill LLC has opened a $4 million mill capable of producing 350 tons of flour, semolina or bran a day. The mill is located in the village of Kryvi Kolina, Cherka...
“Individual entrepreneurs,” a low-tax status enjoyed by about 130,000 Ukrainian IT workers is threatened by a draft law prepared by the Social Policy ministry “Individual entrepreneurs,” a low-tax status enjoyed by about 130,000 Ukrainian IT workers is threatened by a draft law prepared by the Social Policy ministry, according to a report by OpenDataBot. Si...
High speed internet should be provided across Ukraine, wherever there is electricity, President Poroshenko said in Lviv. High speed internet should be provided across Ukraine, wherever there is electricity, President Poroshenko said in Lviv. Campaigning for a second, five-year term, he said: “The internet over the next ...
“Chinese investors” plan to work with Ukraine’s government in a $100 million plan to develop Motor Sich air engine factory and its design affiliate, Ivchenko-Progress “Chinese investors” plan to work with Ukraine’s government in a $100 million plan to develop Motor Sich air engine factory and its design affiliate, Ivchenko-Progress, both in Zaporizhia, Delo.ua repo...
A $500 million windfall in duty payments on illegally imported cars will help fund an election month bonus for the nation’s 10 million pensioners. A $500 million windfall in duty payments on illegally imported cars will help fund an election month bonus for the nation’s 10 million pensioners.
Chickens to Ghana, eggs to Singapore, milk to Macedonia, and sheep to the Emirates – these are some of the 85 new markets developed last year for Ukraine’s food exports Chickens to Ghana, eggs to Singapore, milk to Macedonia, and sheep to the Emirates – these are some of the 85 new markets developed last year for Ukraine’s food exports. “Last year, our country expand...
