Partners news

Friday, February 1

To make air travel easier for the 8 million people living within a 300 km radius of Boryspil To make air travel easier for the 8 million people living within a 300 km radius of Boryspil, a 16-platform bus station will be built this spring next to the Boryspil Express train terminus, at Termin...

On the ground, Mukachevo will become Ukraine’s rail hub for trains to Hungary, Slovakia and Romania, predicts Minister Omelyan. On the ground, Mukachevo will become Ukraine’s rail hub for trains to Hungary, Slovakia and Romania, predicts Minister Omelyan. As a legacy of the Austro-Hungarian empire, European gauge tracks reach ...

With an expected surge in European tourism to Kyiv this spring and summer, the capital needs more hostels and two and three star hotels With an expected surge in European tourism to Kyiv this spring and summer, the capital needs more hostels and two and three star hotels, Maryna Rymarenko, partner at DEOL partners, tells reporters. “T...

Wage remittances to Ukraine from labor migrants hit $11 billion last year Wage remittances to Ukraine from labor migrants hit $11 billion last year, according to Ekateryna Rozhkova, first deputy head of the National Bank of Ukraine. Assuming this figure is accurate, it mean...

Thursday, January 31

Ukraine’s IT exports should double by 2025, to $8.5 billion Ukraine’s IT exports should double by 2025, to $8.5 billion, according to a forecast prepared by App Annie, a multinational data research company. Last year, exports grew by 25% yoy, to $4.5 billion, ...

In a step toward closer integration with the EU gas market, a test export of 5,000 cubic meters of Ukrainian gas has been made to Slovakia In a step toward closer integration with the EU gas market, a test export of 5,000 cubic meters of Ukrainian gas has been made to Slovakia, reports the Kyiv Post. In the 1970s, Soviet Ukraine was the ...

London’s Geological Society was crowded Tuesday with multinational energy company representatives seeking to learn about Ukraine opening its oil and gas market. London’s Geological Society was crowded Tuesday with multinational energy company representatives seeking to learn about Ukraine opening its oil and gas market. The draw was information about 30 onsho...

In a move toward becoming a gas trading hub in the 2020s In a move toward becoming a gas trading hub in the 2020s, tariffs on entry into Ukraine’s gas transportation system were halved on Jan. 1, to $6.28 per thousand cubic meters per day. Western Ukraine h...

Food exports increased by 5% last year, to a record $18.8 billion, Food exports increased by 5% last year, to a record $18.8 billion, reports the Agrarian Policy and Food Ministry. In volume terms, Ukraine’s farm production rose by 7.8%. For exports, the top three ca...

Grain moving by trucks increased by 12% last year, Grain moving by trucks increased by 12% last year, the Center for Transportation Strategies reports drawing on data from Zernovoz, the online logistics platform. A bumper grain harvest, a shortage of ...

With last year’s 70 million ton bumper harvest overflowing silos, the government plans to spend $30 million this year to subsidize construction of 2 million tons of additional storage. With last year’s 70 million ton bumper harvest overflowing silos, the government plans to spend $30 million this year to subsidize construction of 2 million tons of additional storage. In a first step...

Container rail cargo increased by 13% last year, Container rail cargo increased by 13% last year, to 334,963 units. After Ukrzaliznytsya started container trains from Odesa last year, Yevgen Kravtsov, chairman of the state railroad, says: “The conta...

Testing of electric locomotives from France’s Alstom and China’s CRRC will start in coming weeks, Testing of electric locomotives from France’s Alstom and China’s CRRC will start in coming weeks, Infrastructure Minister Volodymyr Omelyan tells Delo news site. Last fall, Ukrzaliznytsya started rece...

Pumping cooking oil like fuel oil, Pumping cooking oil like fuel oil, the new oilseed processing complex of Allseeds Group proved capable this month of loading ships with sunflower oil at 750 tons an hour. At Yuzhne port, Allseeds load...

Recovering from a 2014 slump, port dredging doubled last year Recovering from a 2014 slump, port dredging doubled last year by the Seaports Administration’s Delta-Pilot branch. One third of the 1.3 million cubic meters of silt was dredged from Mariupol and Berdy...

Ukraine’s cross-Black Sea trade with Turkey increased last year by 11% Ukraine’s cross-Black Sea trade with Turkey increased last year by 11%, tweets Andriy Sibig, Ukraine’s Ambassador to Turkey. Negotiations for a bilateral free trade pact are 95% complete, Ukraine’s go...

Swiss-based gas station chain Avia Association is expanding east, opening Avia stations this year in Ukraine. Swiss-based gas station chain Avia Association is expanding east, opening Avia stations this year in Ukraine. Poland’s Unimot, owner of the license for Ukraine, will work here with the Wexler Group.

Minsk Airport, which has grown through ‘sanctions busting’, declines to say how many of its passengers travel between Ukraine and Russia Minsk Airport, which has grown through ‘sanctions busting’, declines to say how many of its passengers travel between Ukraine and Russia, reports the Center for Transportation Strategies. In October, ...

Wednesday, January 30

New hotels will have to provide internet in each room New hotels will have to provide internet in each room, according to design rules to be promulgated by Ukraine’s Regional Development Ministry. Deputy Minister Lev Partshaladze writes on Facebook: “Lif...

Norway’s NBT plans to start building this year a $1.1 billion, 742 MW wind power plant on Zaporizhia’s Azov coast Norway’s NBT plans to start building this year a $1.1 billion, 742 MW wind power plant on Zaporizhia’s Azov coast, according to an agreement signed Monday in Oslo with Ukraine partners Andriy Zhovner ...

Norwegian wind and solar projects in Ukraine add up to $1.5 billion in coming years Norwegian wind and solar projects in Ukraine add up to $1.5 billion in coming years, Prime Minister Groysman said Monday at the Norwegian-Ukrainian Business Forum in Oslo. By contrast, bilateral trade...

Farming, IT, engineering, infrastructure and logistics, and tourism are the five economic sectors where Ukraine can lead in the 2020s Farming, IT, engineering, infrastructure and logistics, and tourism are the five economic sectors where Ukraine can lead in the 2020s, President Poroshenko said Tuesday, announcing his bid for a secon...

For tourism, he hailed the recent surge in direct flights from the EU to Ukraine. For tourism, he hailed the recent surge in direct flights from the EU to Ukraine. He said decentralization provides local mayors with the money to improve roads, unlocking “sea, mountains, and unique ...

On the macro side, he noted 12 successive quarters of economic growth On the macro side, he noted 12 successive quarters of economic growth, saying: “Statistical data, although not in line with the mood and feeling of people, convincingly testify: the worst thing behind...

Staking a firm pro-Western stance, Poroshenko said his second term would be capped in 2024 with a formal petition to join the EU Staking a firm pro-Western stance, Poroshenko said his second term would be capped in 2024 with a formal petition to join the EU. Addressing thousands of supporters, he asked “voters for a mandate to ...

In the latest investment in Mariupol, Ukraine’s Azov seaport besieged by Russia, France agreed Tuesday to provide €64 million in concessionary loans to provide drinking water to the city of 500,000. In the latest investment in Mariupol, Ukraine’s Azov seaport besieged by Russia, France agreed Tuesday to provide €64 million in concessionary loans to provide drinking water to the city of 500,000. T...

With US sanctions hanging over the Nord Stream 2 gas pipeline, talks continue to attract €6 billion, or 63% of the total project cost With US sanctions hanging over the Nord Stream 2 gas pipeline, talks continue to attract €6 billion, or 63% of the total project cost, according to Russian news reports citing Paul Corcoran, financial...

Ukraine has 110 R & D centers, 4,000 IT companies and 184,700 software designers Ukraine has 110 R & D centers, 4,000 IT companies and 184,700 software designers, according to an X-ray of the fast growing IT industry, prepared by App Annie, a multinational data research compan...

Backed by a Kyiv R& D center, Israel’s Verbit has raised $34 million in two rounds. Backed by a Kyiv R& D center, Israel’s Verbit has raised $34 million in two rounds. Dedicated to creating transcriptions and subtitles, Verbit’s two-year-old Kyiv center is staffed by machine lear...

For TransferGo, a London-based money transfer company, Ukraine was its fastest growing market last year. For TransferGo, a London-based money transfer company, Ukraine was its fastest growing market last year. After launching service for Ukraine in 2017, the company recorded 350,000 Ukraine transactions ...

France’s largest container shipping company, CMA CGM Group, plans to invest €20 million to double the container handling capacity of Odesa’s Brooklyn-Kiev Port. France’s largest container shipping company, CMA CGM Group, plans to invest €20 million to double the container handling capacity of Odesa’s Brooklyn-Kiev Port. In a five-year project, capacity would ...

Starch from Ukraine’s massive corn and wheat harvests may soon have a new use: shopping bags. Starch from Ukraine’s massive corn and wheat harvests may soon have a new use: shopping bags. More than 50 Rada members are sponsoring a bill to restrict plastic bags. Under the bill, starting Jan. 1,...

Tuesday, January 29

Facing a labor shortage, the Czech Republic is considering doubling its Ukraine quota of work permits to 40,000 Facing a labor shortage, the Czech Republic is considering doubling its Ukraine quota of work permits to 40,000, Tomáš Petříček, the Czech Foreigh Minister, tells Ukrinform prior to his visit to Ukrai...

Today, Petříček visits Mariupol as part of a EU delegation beefed up with European Investment Bank officials. Today, Petříček visits Mariupol as part of a EU delegation beefed up with European Investment Bank officials. “We are discussing EU financial assistance for road, rail and port projects,” Viktor Dovha...

In December, Leo Express, a private Czech rail carrier, plans to launch a Prague-Krakow-Przemysl-Lviv train, In December, Leo Express, a private Czech rail carrier, plans to launch a Prague-Krakow-Przemysl-Lviv train, according to Rynek Kolejowy, a Polish news site. Trains would run four times a day on the s...

Ukraine cut its gas imports by one quarter last year Ukraine cut its gas imports by one quarter last year, Naftogaz reports. Imports fell from 14.1 billion cubic meters in 2017 to 10.6 bcm. Domestic production – overwhelmingly in the hands of state-owne...

Foreign investment can renew Ukraine’s small scale hydro power Foreign investment can renew Ukraine’s small scale hydro power, Arne Jakobsen, CEO of AICE Hydro A.S., said Monday at the Norway-Ukraine Business Forum in Oslo. This year, AICE plans to bid in the pri...

Ukraine has 64 operating small scale hydro plants and 100 more that can be restored, AICE says. Ukraine has 64 operating small scale hydro plants and 100 more that can be restored, AICE says.Dedicated to reviving and modernizing existing plants, AICE aims at “combining Norwegian and Ukrainian co...

Europe’s stampede toward electric cars is likely to increase the flow of good quality used cars for sale in Ukraine. Europe’s stampede toward electric cars is likely to increase the flow of good quality used cars for sale in Ukraine. Sweden has just joined Denmark, Ireland, the Netherlands, and Paris in promising to...

About 90 IT companies already are located in UNIT.City About 90 IT companies already are located in UNIT.City, Maksym Bakhmatov, managing partner of UNIT.City Innovation Park, writes in an Atlantic Council report titled: “Here’s How to Nurture Risk-Taking...

Spinbackup, a San-Francisco-based cloud security solution provider with Ukrainian roots Spinbackup, a San-Francisco-based cloud security solution provider with Ukrainian roots, has raised $1.5 million in a round led by bValue, a Polish venture capital firm, reports Ukraine Digital News. ...

Work at the Kherson and Mykolayiv shipyards doubled last year, to $22 million Work at the Kherson and Mykolayiv shipyards doubled last year, to $22 million, reports Smart Maritime Group, owner of the yards. For a Dutch company, VEKA Shipbuilding WT BV, the yards are building hu...

Nibulon, the grain producing and exporting giant, moved 24% more cargo by river yoy Nibulon, the grain producing and exporting giant, moved 24% more cargo by river yoy, the company reports. Nibulon vessels made 660 trips, moving 2.8 million tons of grain and oilseeds. From Black Sea ...

Kernel, the agriculture holding company, boosted its grain and oilseed exports by two thirds Kernel, the agriculture holding company, boosted its grain and oilseed exports by two thirds, to 3.1 million tons, in the first half of the current July 2018 – June 2019 marketing season, the company ...

Salaries grew at more than twice the inflation rate last year, Salaries grew at more than twice the inflation rate last year, Stepan Kubiv, Minister of Economic Development and Trade, told the Rada. The average wage increased by 22.5%, compared to 9.8% inflation,...

A Czech company agreed to pay four cents on the dollar for $285 million of bad corporate loans held by the Deposit Guarantee Fund. A Czech company agreed to pay four cents on the dollar for $285 million of bad corporate loans held by the Deposit Guarantee Fund. Through an auction on ProZorro.sale, APS Holding is to pay $11 millio...

Czech Škoda JS may have been chosen for a $2.5 billion contract to build two nuclear reactors at Khmelnytskyi Nuclear Power Plant Czech Škoda JS may have been chosen for a $2.5 billion contract to build two nuclear reactors at Khmelnytskyi Nuclear Power Plant, reports Schemes, the RFE/RL investigative reporting program. However,...

The EU backs construction of the two 1,000 MW reactors. The EU backs construction of the two 1,000 MW reactors. To connect with the EU grid, power lines could be built either 250 km west to Poland, or 250 km southwest to Ukraine’s Burshtyn ‘energy island’ ...

Monday, January 28

Wine exports increased last year by 20% to $38 million Wine exports increased last year by 20% to $38 million, Olha Trofimtseva, deputy minister of Agrarian Policy and Food of Ukraine on European Integration, writes on Facebook. Still recovering from the ...

Wine producer Bayadera Group plans to invest $3 million in wine production this year, matching last year’s level. Wine producer Bayadera Group plans to invest $3 million in wine production this year, matching last year’s level. Bayadera plans to plant vineyards on 200 hectares in Mykolayiv and to invest in moving...