Partners news

Tuesday, February 26

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...

Ukraine’s grain exports should be up 23% this marketing year over 2017-2018 levels Ukraine’s grain exports should be up 23% this marketing year over 2017-2018 levels, Elena Kovaleva, deputy minister of Agrarian Policy and Food, said Monday in Geneva at the annual meeting of the Rapi...

Monday, February 25

Kyiv office rents will rise for the next two years, until a “huge amount new [office] projects” open in 2020-2021 Kyiv office rents will rise for the next two years, until a “huge amount new [office] projects” open in 2020-2021, Ihor Zabolotsky, a commercial real estate analyst for Colliers International (Ukraine...

DTEK Academy has become a major tenant of Kyiv’s UNIT.City DTEK Academy has become a major tenant of Kyiv’s UNIT.City, occupying two floors, or 12,000 square meters, of the six story main building. DTEK moved six kilometers from their old office in the Eurasi...

Real estate purchase transactions increased last year by 8% y-o-y, to 277,230 Real estate purchase transactions increased last year by 8% y-o-y, to 277,230, reports real estate portal domik.ua Drawing on statistics from public and private notaries, the news site reported that t...

Kyiv risks seeing “Dead Malls” this year, Kyiv risks seeing “Dead Malls” this year, NAI Ukraine, the consulting company, writes in a new report on the city’s shopping mall scene. After 101,500 square meters in retail space opened last year, a...

Britain’s Marks & Spencer reopened in Kharkiv two weeks ago, returning to a market it abandoned during the 2014-2015 crisis. Britain’s Marks & Spencer reopened in Kharkiv two weeks ago, returning to a market it abandoned during the 2014-2015 crisis. With the 500 square meter store in Kharkiv’s French Boulevard shopping ...

Cashless purchases using bank cards jumped by 55% last year, hitting $48 billion Cashless purchases using bank cards jumped by 55% last year, hitting $48 billion. The number of transactions rose by one third, to 3.1 billion, reports the National Bank of Ukraine. The portion of all...

As contactless also becomes popular, the number of contactless cards jumped last year by 44%, to 4 million. As contactless also becomes popular, the number of contactless cards jumped last year by 44%, to 4 million. Today almost 80% of point of sale terminals allow contactless transactions. Starting April 1...

Ukraine’s average monthly wage, as measured in dollars, has doubled in three years, to $380 Ukraine’s average monthly wage, as measured in dollars, has doubled in three years, to $380, Prime Minister Groysman said. The minimum wage, received by a minority of workers, has tripled, from $50 in...

Less than one year after Beskidy railway tunnel opened, the tunnel through the Carpathians is carrying 60% of Ukraine’s exports to the EU Less than one year after Beskidy railway tunnel opened, the tunnel through the Carpathians is carrying 60% of Ukraine’s exports to the EU, President Poroshenko said on a visit to Lviv. Opened in May, ...

Ukrainian loggers last year cut 22 million cubic meters, or about 1% of the national forest, Ukrainian loggers last year cut 22 million cubic meters, or about 1% of the national forest, reports Volodymyr Bondar, deputy head of Forest Resources Agency. Forest growth is about 1.5% a year, or 33...

ProZorro, the electronic procurement system, has saved almost $2.8 billion since its introduction four years ago ProZorro, the electronic procurement system, has saved almost $2.8 billion since its introduction four years ago, reports the Economic Development and Trade Ministry. About 215,000 companies, 80% of t...

Ukraine wants to sell to Egypt an upgrade of its anti-aircraft missile defense systems. Ukraine wants to sell to Egypt an upgrade of its anti-aircraft missile defense systems. Pavlo Bukin, head of UkrOboronProm, agreed at a defense show in Abu Dhabi, to provide “proposals for the moderni...

Faced with Russia’s ban on sale of locomotive engines to Ukraine, Faced with Russia’s ban on sale of locomotive engines to Ukraine, ArcelorMittal Kryviy Rih is solving the problem by pulling out old Russian engines and replacing them with new American-made Cummins d...

Friday, February 22

DTEK Renewables is starting work on a €200, 240MW solar polar plant near Nikopol DTEK Renewables is starting work on a €200, 240MW solar polar plant near Nikopol, only a few kilometers from a site where the company inaugurated a 200 MW solar station last month. Construction this s...

The new solar station is part of a plan by Rinat Akhmetov’s DTEK to invest €1 billion in renewables in Ukraine by the end of this year. The new solar station is part of a plan by Rinat Akhmetov’s DTEK to invest €1 billion in renewables in Ukraine by the end of this year. Already Ukraine’s largest wind power producer, DTEK is building ...

Philipp Leckebusch, DTEK Renewables new CEO, signed a contract with Siemens to build the new solar plant on the site of a former manganese mine, in Pokrov, Dnipropetrovsk. Philipp Leckebusch, DTEK Renewables new CEO, signed a contract with Siemens to build the new solar plant on the site of a former manganese mine, in Pokrov, Dnipropetrovsk. Leckebusch flew to China, to...

Canada’s Black Iron Inc has signed a memorandum of understanding with Glencore, the Anglo-Swiss mining giant, to finance and develop Shymanivske iron ore deposits in Dnipropetrovsk. Canada’s Black Iron Inc has signed a memorandum of understanding with Glencore, the Anglo-Swiss mining giant, to finance and develop Shymanivske iron ore deposits in Dnipropetrovsk. One of the world’s...

After Wednesday’s announcement, the Canadian junior’s shares jumped on the Toronto Stock Exchange by over 35% After Wednesday’s announcement, the Canadian junior’s shares jumped on the Toronto Stock Exchange by over 35%, prompting Mining.com news site to the headline: “Black Iron’s shares skyrocket afte...

Washington sees Poland as a future hub for re-export of American liquefied natural gas to Ukraine and Eastern Europe Washington sees Poland as a future hub for re-export of American liquefied natural gas to Ukraine and Eastern Europe, Georgette Mosbacher, US Ambassador to Poland, told a conference in Warsaw on LNG a...

In the Russia-controlled sections of Donetsk and Luhansk, “27% of the Donbas industrial potential has been illegally moved to Russia, including the equipment of 33 local industrial giants In the Russia-controlled sections of Donetsk and Luhansk, “27% of the Donbas industrial potential has been illegally moved to Russia, including the equipment of 33 local industrial giants,” President ...

Ukraine’s food exports to the United Arab Emirates hit almost $200 million last year Ukraine’s food exports to the United Arab Emirates hit almost $200 million last year, Olha Trofimtseva, Acting Agrarian Policy, and Food Minister, said in Dubai at the Gulfood exhibition. The number o...

Next month, Ukraine will mount a pavilion for the first time at Asia’s leading food exhibition, FOODEX Japan, in Tokyo. Next month, Ukraine will mount a pavilion for the first time at Asia’s leading food exhibition, FOODEX Japan, in Tokyo. The pavilion will display products of 13 manufacturers, reports Ukraine’s Agrari...

In the last five years, the volume trade handled by Mariupol port dropped by almost two thirds, to 5.3 million tons. In the last five years, the volume trade handled by Mariupol port dropped by almost two thirds, to 5.3 million tons. The number of countries receiving cargo from the Sea of Azov port dropped by more t...

Euromoney Magazine speculates in a lengthy article about PrivatBank and Ukraine’s presidential elections Euromoney Magazine speculates in a lengthy article about PrivatBank and Ukraine’s presidential elections that Ihor Kolomoiskyi’s post-election strategy might not be to retake control of the bank but t...

Thursday, February 21

Capital investments in farming hit $2 billion during the first three quarters of last year, Elena Kovaleva, Capital investments in farming hit $2 billion during the first three quarters of last year, Elena Kovaleva, deputy minister of Agrarian Policy and Food, tells reporters. A major portion went into two ...

Zaporizhia Automobile Plant, or ZAZ, has started assembling a test batch of South Korea’s LS Mtron tractors. Zaporizhia Automobile Plant, or ZAZ, has started assembling a test batch of South Korea’s LS Mtron tractors. LS, South Korea’s largest tractor maker, has factories in Brazil and China. “The creation o...

Despite Russia’s harassment of merchant ships in the Azov, Asket-Shipping increased its grain silo storage capacity in Berdyansk last year by 42%, to 100,000 tons Despite Russia’s harassment of merchant ships in the Azov, Asket-Shipping increased its grain silo storage capacity in Berdyansk last year by 42%, to 100,000 tons, reports the Center for Transportatio...

While the EU studies new road and rail aid to Ukraine’s Azov, two international financial institutions are loaning €25 million to Mariupol, the region’s largest city, for new buses, trams and trolleybuses While the EU studies new road and rail aid to Ukraine’s Azov, two international financial institutions are loaning €25 million to Mariupol, the region’s largest city, for new buses, trams and trolleyb...

Zaporizhia, the closest airport to Ukraine’s isolated Azov coast, opens a $10 million steel and glass passenger terminal this summer Zaporizhia, the closest airport to Ukraine’s isolated Azov coast, opens a $10 million steel and glass passenger terminal this summer. Last year, the airport handled 400,000 passengers, a post-Independ...

Looking at next month’s presidential election, veteran Ukraine analyst Timothy Ash warns that returning Privatbank to its former owner, Ihor Kolomoyskyi, would be a “deal breaker” with the IMF Looking at next month’s presidential election, veteran Ukraine analyst Timothy Ash warns that returning Privatbank to its former owner, Ihor Kolomoyskyi, would be a “deal breaker” with the IMF. Volody...

Betting that world sugar prices will rise Betting that world sugar prices will rise, Florida-based Kopernik Global Investors LLC has bought 12,947 shares of Warsaw-listed Astarta Holding, raising its stake over 5%. Between February 2017 and A...

Ukraine’s sugar beet plantings are to drop 20% this season, to 220,000 hectares Ukraine’s sugar beet plantings are to drop 20% this season, to 220,000 hectares, S&P Global Platts reports from London, citing “a source close to the National Association of Sugar Producers.” Suga...

Ukraine’s corn harvest last year was up 50% y-o-y Ukraine’s corn harvest last year was up 50% y-o-y, to a record, 35 million tons, reports the U.S. Department of Agriculture’s Foreign Agricultural Service. The Service reports that 5% of the corn may ...

Sunflower cooking oil exports could rise this year by 16% to 6.2 million tons Sunflower cooking oil exports could rise this year by 16% to 6.2 million tons, the USDA predicts. This follows a 15% rise in seed production last year, to 14 million tons. India emerges as the savior ...

MHP, Ukraine’s largest agricultural producer, is obtaining a €120 million loan from ING Bank NV MHP, Ukraine’s largest agricultural producer, is obtaining a €120 million loan from ING Bank NV. According to Interfax-Ukraine, the loan is guaranteed by Zernoproduct MHP, the company’s grain unit wit...

Tuesday, February 19

A survey of Ukraine’s top 50 IT companies indicates that job growth was 11.6% during the second half of last year, to 58,448 ‘specialists,’ largely software engineers. A survey of Ukraine’s top 50 IT companies indicates that job growth was 11.6% during the second half of last year, to 58,448 ‘specialists,’ largely software engineers. The industry started this year w...

The EBRD plans to help to pay for business consultants for 160 small and medium sized companies in Ukraine this year. The EBRD plans to help to pay for business consultants for 160 small and medium sized companies in Ukraine this year. For local consultants the EBRD pays 50% of the salary. For foreign consultants, it...

Ukraine has passed the halfway marker in implementing the massive EU-Ukraine Association Agreement of 2017, Ukraine has passed the halfway marker in implementing the massive EU-Ukraine Association Agreement of 2017, according to Ivanna Klympush-Tsintsadze, deputy prime minister for European Integration. Thi...

Over 15,000 Ukrainian companies have qualified to export to the EU Over 15,000 Ukrainian companies have qualified to export to the EU. This business battalion expanded Ukraine’s EU exports by two thirds since the Maidan – from 25% in 2014 to 42% last year. According ...

About 70 Ukrainian food exporters are participating through Thursday in Gulfood, a Dubai gathering that claims to be ‘the world’s largest food trade show.’ About 70 Ukrainian food exporters are participating through Thursday in Gulfood, a Dubai gathering that claims to be ‘the world’s largest food trade show.’ Ukrainian food exports are growing to Egypt,...

Ukrainian pensions will increase by 17-20% on March 1 – 30 days before the first round of the presidential elections. Ukrainian pensions will increase by 17-20% on March 1 – 30 days before the first round of the presidential elections. Pavel Rozenko, a vice prime minister, tells President Poroshenko’s Channel 5 TV th...

Net hryvnia loans to individuals increased by 34% last year, Net hryvnia loans to individuals increased by 34% last year, reports the National Bank of Ukraine. For comparison, the hryvnia inflation rate last year was 9.8%. In the banking system, nonperforming l...

Canada’s Fairfax Financial Holdings has bought France’s AXA Insurance (Kiev) for $16 million Canada’s Fairfax Financial Holdings has bought France’s AXA Insurance (Kiev) for $16 million. In Ukraine’s insurance market since 2007, AXA has 780 employees and 1,220 agents in Ukraine. At the end of...

Ukraine’s online advertising grew by 40% last year, to $125 million, Ukraine’s online advertising grew by 40% last year, to $125 million, reports the Ukrainian Internet Association. In-stream video totaled 42% of spending, banners for 37%, in-page video for 9%, ‘non-st...

Russian Railways is asking Russia’s government to temporarily lift a ban on the import of locomotives engines and generators from Ukraine, Russian Railways is asking Russia’s government to temporarily lift a ban on the import of locomotives engines and generators from Ukraine, reports Belprauda, a Belarussian news site. The railroad aske...

Dragon Capital has bought a cold storage warehouse complex on western Kyiv’s Ring Road, raising the investment company’s warehouse holdings to 300,000 square meters. Dragon Capital has bought a cold storage warehouse complex on western Kyiv’s Ring Road, raising the investment company’s warehouse holdings to 300,000 square meters. With the purchase of the Arktika w...

After opening five stores on Kyiv’s right bank last year, Rozetka.ua, Ukraine’s largest online store, now finds it cannot find warehouse space. After opening five stores on Kyiv’s right bank last year, Rozetka.ua, Ukraine’s largest online store, now finds it cannot find warehouse space. “Ukraine is growing fast enough – this is good ...

This fall, Kyiv region gains a cargo airport with the opening of international passport and customs controls at Bila Tserkva Airport, This fall, Kyiv region gains a cargo airport with the opening of international passport and customs controls at Bila Tserkva Airport, Infrastructure Minister Volodymyr Omelyan announced Monday. Belots...