?Farming companies powered last year’s big jump in grain and bean production ?Farming companies powered last year’s big jump in grain and bean production, the Statistics Service reports. Production by agro businesses increased by nearly 17%. Family farm production was flat. Ov...
?Ukraine increased sunflower production last year by almost 16%, strengthening its lead over Russia as the world’s largest producer of sunflower oil. ?Ukraine increased sunflower production last year by almost 16%, strengthening its lead over Russia as the world’s largest producer of sunflower oil. Production increased to 14.2 million tons, accordi...
?Ukrainian commercial dairy farm success stories are highlighted in a Dutch government news site article, designed to drum up attendance at Dutch dairy presentations Feb. 19- ?Ukrainian commercial dairy farm success stories are highlighted in a Dutch government news site article, designed to drum up attendance at Dutch dairy presentations Feb. 19-20 at the Agro Vesna show ...
?Ukraine’s 42 sugar mills produced 15% less sugar during the fall 2018 sugar making season ?Ukraine’s 42 sugar mills produced 15% less sugar during the fall 2018 sugar making season than during the 2017 season, reports Ukrtsukor, the industry association. Due to low world sugar prices, 10% ...
?The EU may expand its Ukraine import quotas for beef, pork and poultry ?The EU may expand its Ukraine import quotas for beef, pork and poultry, Ukraine’s Agrarian Confederation reports, drawing on comments to the Rada Agricultural Committee by Christian Ben Hell, head of...
? ?Starting today, foreign currency exchange rules are liberalized in a package of laws drawn up under a guiding philosophy: “Everything that is not directly prohibited is allowed.”
? ?Most major banks will offer account holders the option to buy foreign currencies online, Oleh Churiy, deputy governor of the National Bank of Ukraine, predicted to reporters Wednesday. “Some already ...
The main economic task of a second presidential term would be “overcoming poverty,” The main economic task of a second presidential term would be “overcoming poverty,” President Poroshenko told the American Chamber of Commerce Tuesday evening. To get there, Ukraine needs foreign inve...
Populist presidential candidate Yulia Populist presidential candidate Yulia Tymoshenko hewed a centrist line with the European Business Association Monday evening, saying that Ukraine cannot afford to stop cooperating with the IMF, Bloomb...
Dragon Capital and AVentures Capital have acquired minority stakes in Ciklum Dragon Capital and AVentures Capital have acquired minority stakes in Ciklum, the London-based IT outsourcing company with about 3,000 employees in Kyiv. Andriy Nosok, Dragon’s Managing Director and C...
Consumer confidence of Ukrainians rose in December 2018 to 62 on a 200-point scale Consumer confidence of Ukrainians rose in December 2018 to 62 on a 200-point scale, GfK Ukraine reports. Across the board – the propensity to consume, job prospects, and changes in personal finances –...
E-commerce grew by 31% in Ukraine last year, the second fastest rate in Europe E-commerce grew by 31% in Ukraine last year, the second fastest rate in Europe, following only Romania’s 37%, according to the Better Regulation Delivery Office, or BRDO, a regulatory advisory body fu...
A high water mark for bricks and mortar retail? A high water mark for bricks and mortar retail? The half-built Respublika mall – designed to be the largest shopping center in Ukraine – was sold at auction Wednesday to Soltex Capital for $28 million...
Riding the e-commerce boom, Ukraine’s package delivery war heats up: Riding the e-commerce boom, Ukraine’s package delivery war heats up:
Nova Poshta increased package deliveries last year by 20%, hitting 174 million. Nova Poshta increased package deliveries last year by 20%, hitting 174 million. Points of sale grew by almost quarter, to nearly 3,000 across Ukraine. Deliveries from the United States double and deli...
Ukrposhta, the state company, plans to increase deliveries by 27%, to 28 million packages this year Ukrposhta, the state company, plans to increase deliveries by 27%, to 28 million packages this year, Director Ihor Smilianskyi tells reporters. He says: “Today Ukrposhta delivers more parcels in a day...
Lviv-based Meest Express plans to increase by 50% the number of reception points in Ukraine, Poland and Kazakhstan Lviv-based Meest Express plans to increase by 50% the number of reception points in Ukraine, Poland and Kazakhstan, according to Interfax-Ukraine. Rostislav Kisil, president of Meest Group, says there...
A new EU standard postal services law is being drawn up to crack down on “incomprehensible postal operators who are just engaged in smuggling,” A new EU standard postal services law is being drawn up to crack down on “incomprehensible postal operators who are just engaged in smuggling,” Omelyan told the American Chamber of Commerce on Wednesd...
To cope with booming air cargo To cope with booming air cargo, Boryspil starts work in May on a new cargo terminal designed to more than triple handling capacity to 100,000 tons, Pavel Ryabikin, general director, tells reporters. I...
Despite Russian pressure on shippers, Mariupol continues with its modernization plan, building a grain terminal capable of handling 2.5 million tons a year Despite Russian pressure on shippers, Mariupol continues with its modernization plan, building a grain terminal capable of handling 2.5 million tons a year, Port Director Alexander Oleinik writes on F...
Through 2023, €4.5 billion in low interest loans have been committed to support 39 infrastructure projects to upgrade many of Ukraine’s highways, ports, airports, and railroads to EU standards. Through 2023, €4.5 billion in low interest loans have been committed to support 39 infrastructure projects to upgrade many of Ukraine’s highways, ports, airports, and railroads to EU standards. Largel...
The rail money will largely be spent on upgrading about 280 km of track leading to Ukraine’s EU neighbors and electrifying 250 km on two lines feeding Mykolayiv port. The rail money will largely be spent on upgrading about 280 km of track leading to Ukraine’s EU neighbors and electrifying 250 km on two lines feeding Mykolayiv port. Electric locomotives are three ti...
With EU aid, With EU aid, Hungary is preparing to build a 4-lane expressway to its Záhony crossing with Ukraine, at Chop, Zakarpattia. Mukachevo.net reports that three Hungarian companies are to build the project,...
By the end of February, Poland and Ukraine are to reach agreement on trucking permits and rail freight By the end of February, Poland and Ukraine are to reach agreement on trucking permits and rail freight, their infrastructure ministers promise. On Thursday, Volodymyr Omelyan met in Kyiv with his Poli...
Ukraine’s GDP grew by 3.4% last year, Ukraine’s GDP grew by 3.4% last year, reports Stepan Kubiv, Minister of Economic Development and Trade. Ukraine’s GDP grew by 2.5% in 2017 and by 2.3% in 2016. The 2018 growth is the highest since 201...
One quarter of Ukraine’s 77 banks – 20 small and medium entities – are ‘unviable’ One quarter of Ukraine’s 77 banks – 20 small and medium entities – are ‘unviable’, reports the National Bank of Ukraine. After a study of the market’s 40 small and medium banks, Ekateryna Rozhkova, th...
Investments per ton of liquid steel have doubled since 2014, to $29.10 per ton today, Investments per ton of liquid steel have doubled since 2014, to $29.10 per ton today, Alexander Kalenkov, head of Ukrmetallurgprom, the metals trade association, tells the Ministry of Industry. The in...
Russia’s interference with Ukrainian shipping in the Azov is costing Ukraine $350 million, Russia’s interference with Ukrainian shipping in the Azov is costing Ukraine $350 million, Infrastructure Minister Omelyan says. Faced with delays costing $10-50,000 a day, shippers are shifting to Uk...
Determined to cut inflation in half – to 5% next year – Ukraine’s central bank retained its key interest rate at 18%, the highest level in Eastern Europe. Determined to cut inflation in half – to 5% next year – Ukraine’s central bank retained its key interest rate at 18%, the highest level in Eastern Europe. The interest rate was hiked by two percentage...
Loans and deposits will grow in 2019, Ukrainian bankers tell the central bank in a survey of 61 Ukrainian banks, Loans and deposits will grow in 2019, Ukrainian bankers tell the central bank in a survey of 61 Ukrainian banks, accounting for 96% of all banking assets in the country. Three quarters of banks survey...
Ukraine’s finance ministry will issue $2 billion worth of Eurobonds this year Ukraine’s finance ministry will issue $2 billion worth of Eurobonds this year, Dmitry Sologub, deputy governor of the National Bank of Ukraine tells reporters. Foreign purchases of Ukraine state hryvn...
Ukraine’s foreign trade recovered to $100 billion last year, Ukraine’s foreign trade recovered to $100 billion last year, according to the National Bank of Ukraine. Exports were up 9%, to $43.34 billion, while imports were up by 14%, to $56.3 billion, leaving a...
If re-elected this spring, President Poroshenko promises to improve the rule of law, allowing Ukraine to become one of the top 50 countries in the world for investors by 2022 If re-elected this spring, President Poroshenko promises to improve the rule of law, allowing Ukraine to become one of the top 50 countries in the world for investors by 2022. Currently, Ukraine ranks...
France’s AgroGeneration is selling leases to 27% of its land bank, or 28,500 hectares, the company reports France’s AgroGeneration is selling leases to 27% of its land bank, or 28,500 hectares, the company reports. After the sale of its assets in Ternopil and Zhytomyr, AgroGeneration will operate about 80,...
Ukraine’s food exports to the EU have increased by 50% since 2016 Ukraine’s food exports to the EU have increased by 50% since 2016, hitting $6.3 billion last year, reports Olha Trofimtseva, Deputy Agriculture Minister for European integration. Last year, the top th...
The best aid for Ukraine is free trade, The best aid for Ukraine is free trade, argues Ben Aris, editor/founder of bneIntelliNews. “If the West really wants to help Ukraine, it should drop the quotas on imports from Ukraine – or at least gr...
Tender terms for Ukraine’s first petroleum sharing agreements since 2012 will be released in two weeks Tender terms for Ukraine’s first petroleum sharing agreements since 2012 will be released in two weeks, reports Drilling for the web site. Companies will have until mid-May to submit applications. The...
V Voters give President Poroshenko poor marks on the economy, according to a nationwide poll conducted in the second half of December for the International Republican Institute. With Poroshenko facing v...
Overall, public level of pessimism over the economy has changed little over the last four years. Overall, public level of pessimism over the economy has changed little over the last four years.Asked if the country is ‘going in the right direction,’ 70% said ‘no’ – the same as in July 2015. Asked ...
At Kyiv Boryspil, Ukraine’s busiest airport, Ryanair traffic will prompt the reopening this spring of a second passenger terminal, Terminal F. At Kyiv Boryspil, Ukraine’s busiest airport, Ryanair traffic will prompt the reopening this spring of a second passenger terminal, Terminal F. This month, Laudamotion, Ryanair’s new Austrian unit, sta...
Also from Boryspil, French airline Aigle Azur plans to fly three times a week to Paris Orly Also from Boryspil, French airline Aigle Azur plans to fly three times a week to Paris Orly,starting April 18.
Banned from Russian airspace, UIA looks south. Banned from Russian airspace, UIA looks south. In recent days, it has received authorization to fly to Addis Ababa, Ethiopia and to three cities in Saudi Arabia – Riyadh, Damman and Jeddah. Handling a...
To the Balkans, Air Serbia starts flights from Boryspil to Belgrade on June 4. To the Balkans, Air Serbia starts flights from Boryspil to Belgrade on June 4. In May, Jonica wants to start Ukraine’s first flight to Tirana, Albania. Reports from Croatia indicate that flights from ...
From Kharkiv next month, Ernest Airlines starts regular flights to Rome and Milan-Malpensa and SkyUp to Tel Aviv. From Kharkiv next month, Ernest Airlines starts regular flights to Rome and Milan-Malpensa and SkyUp to Tel Aviv. In May, Buta Airways starts flights to Baku. In September, Wizz Air starts flights to ...
Odesa, the growth laggard of Ukraine’s top five airports, will see new flights this year. Odesa, the growth laggard of Ukraine’s top five airports, will see new flights this year. In May, flights start from Baku, on Buta Airways, Azerbaijan’s discount airline, and from Prague on Czech Airl...
Southern Ukraine’s Kherson airport has the best growth prospects for a regional airport in 2019. Southern Ukraine’s Kherson airport has the best growth prospects for a regional airport in 2019.After passenger traffic grew last year by 69%, to 106,000, airport officials released their development ...
Located 100 km northwest of the Kalanchak checkpoint with Crimea Located 100 km northwest of the Kalanchak checkpoint with Crimea, Kherson hopes to draw passengers from the 2 million residents of the peninsula – twice the population of Kherson region. Because of in...
UIA will offer direct flights this summer from Chernivtsi to Milan-Bergamo. UIA will offer direct flights this summer from Chernivtsi to Milan-Bergamo. About 100,000 people in Chernivtsi region speak Romanian, a linguistic cousin of Italian. Last year, airport traffic jumped ...
Starting with the May 1 holidays, air travel further decentralizes Starting with the May 1 holidays, air travel further decentralizes when SkyUp, Ukraine’s new discount airline, starts charter service to Antalya, Turkey from seven regional airports: Chernivtsi, Khers...
