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...
In the first three weeks of January, Ukraine used up its entire 2019 quotas for duty-free exports to the EU for corn, honey, grapes and apple juice In the first three weeks of January, Ukraine used up its entire 2019 quotas for duty-free exports to the EU for corn, honey, grapes and apple juice, reports, the Ukrainian Agricultural Business Associ...
A Norway-Ukraine business forum takes place in Oslo today, with the expected participation of about 100 Norwegian companies. A Norway-Ukraine business forum takes place in Oslo today, with the expected participation of about 100 Norwegian companies. Norway is emerging as a leading foreign investor in renewable energy in Ukr...
Russian hackers are emailing Ukraine’s election workers virus-infected greeting cards, shopping invitations, offers for software updates and other “phishing” materials intended to steal passwords and personal information, Russian hackers are emailing Ukraine’s election workers virus-infected greeting cards, shopping invitations, offers for software updates and other “phishing” materials intended to steal pa...
Russia’s distribution of the NotPetya ransomware in the summer of 2017 was an ‘act of war Russia’s distribution of the NotPetya ransomware in the summer of 2017 was an ‘act of war,’ Zurich American Insurance says in its defense against a $100 million damage claim by Mondelez. At Mondelez, ...
Through Saturday, a high level EU delegation is touring Ukraine’s Sea of Azov cities, studying highway building and railroad electrification projects. Through Saturday, a high level EU delegation is touring Ukraine’s Sea of Azov cities, studying highway building and railroad electrification projects. Led by Thomas Mayr-Harting, regional managing dir...
Brazil’s conservative new president, Jair Bolsonaro, met with President Poroshenko in Davos, aiming to expand trade and revive energy and military technology projects that languished during the previous government. Brazil’s conservative new president, Jair Bolsonaro, met with President Poroshenko in Davos, aiming to expand trade and revive energy and military technology projects that languished during the previo...
Turkey’s free trade pact with Ukraine will be completed later this year Turkey’s free trade pact with Ukraine will be completed later this year, well after the year end 2018 deadline announced last November in Istanbul by President Poroshenko and Turkish President Recep T...
Construction last year grew by 4.4%, to nearly $5 billion Construction last year grew by 4.4%, to nearly $5 billion, the State Statistics Service reports. Residential construction was down slightly. But the largest segment, infrastructure was up 9%, to $2.6 ...
A 6-story business center has opened at UNIT.City, effectively doubling the constructed area of this Kyiv IT hub to 30,000 square meters. A 6-story business center has opened at UNIT.City, effectively doubling the constructed area of this Kyiv IT hub to 30,000 square meters. Designed for 1,000 workers, the new business center has two la...
The panel was sponsored by Hillmont Partners law firm and Business 100, a new association of Ukrainian companies committed to Western business practices. The panel was sponsored by Hillmont Partners law firm and Business 100, a new association of Ukrainian companies committed to Western business practices. Lenna Koszarny, a leader of Business 100, desc...
With costs soaring for clinical trials of new drugs, Ukraine could join India, Israel and Thailand as a major site for this fast growing industry With costs soaring for clinical trials of new drugs, Ukraine could join India, Israel and Thailand as a major site for this fast growing industry, James Peyer, managing partner of American biotech com...
After an unplanned 2-week Christmas shutdown of air cargo at Kyiv Boryspil airport, Infrastructure Minister Volodymyr Omelyan tells the UBN that construction is to start this year on a air cargo terminal After an unplanned 2-week Christmas shutdown of air cargo at Kyiv Boryspil airport, Infrastructure Minister Volodymyr Omelyan tells the UBN that construction is to start this year on a air cargo termi...
Last year, Ukraine’s air cargo and mail rose 12% hitting 21,350 tons, well above the 14,600-ton capacity of Boryspil Last year, Ukraine’s air cargo and mail rose 12% hitting 21,350 tons, well above the 14,600-ton capacity of Boryspil. The Dec. 24 to Jan. 4 shutdown infuriated air cargo carriers, with one writing a f...
A $450 million order for 13 new Antonov transport airplanes is being prepared A $450 million order for 13 new Antonov transport airplanes is being prepared, Internal Affairs Minister Minister Arsen Avakov writes on Facebook. The order would restart production of three models. T...
From the Kharkiv Aircraft Plant, the National Guard wants to take delivery by 2021 of two An-74 jet transports From the Kharkiv Aircraft Plant, the National Guard wants to take delivery by 2021 of two An-74 jet transports, $30 million planes capable of carrying 52 passengers or 7.5 tons. This would mean upgrad...
Air traffic at Dnipro rose by only 8% last year, the worst performance of Ukraine’s top eight airports. Air traffic at Dnipro rose by only 8% last year, the worst performance of Ukraine’s top eight airports. With 299,250 passengers, Dnipro’s traffic was one fifth the volume of Odesa’s. Both cities have ...
Instead, Infrastructure Minister Volodymyr Omelyan tells the UBN that construction starts this summer Instead, Infrastructure Minister Volodymyr Omelyan tells the UBN that construction starts this summer on a hub airport project in Dnipropetrovsk region. Roughly midway between Dnipro and Zaporizhia, t...
Norway’s NBT plans to invest $1.5 billion over five years to create 1,000 MW capacity in wind farms in southern Ukraine Norway’s NBT plans to invest $1.5 billion over five years to create 1,000 MW capacity in wind farms in southern Ukraine, Joar Viken, CEO of the Oslo-based renewable energy company, tells UBN in Davos....
Canada’s TIU is acquiring two new solar projects in Odesa region, part of its strategy to build 100 MW of solar power capacity in Ukraine by the end of this year, Canada’s TIU is acquiring two new solar projects in Odesa region, part of its strategy to build 100 MW of solar power capacity in Ukraine by the end of this year, Michael Yurkovich, company CEO, tells...
Addressing a Davos audience of foreign and Ukrainian investors President Poroshenko vowed Thursday: “ Addressing a Davos audience of foreign and Ukrainian investors President Poroshenko vowed Thursday: “We will stick to the course of the reform, and I as a president do my best to make this progress ir...
Poroshenko is to announce in coming days that he will run for a second term. Poroshenko is to announce in coming days that he will run for a second term. Thursday, he spoke in English, while his main political rival, Yulia Tymoshenko, a populist, sat four meters away, listenin...
The night before in Davos, the President said that since 2014 foreign investments have financed 238 new businesses in Ukraine The night before in Davos, the President said that since 2014 foreign investments have financed 238 new businesses in Ukraine. He spoke to foreign business leaders gathered at Ukraine House for a meet...
Business conditions have improved in Ukraine, an American investor, a Canadian diplomat, and a Ukrainian reformer said at the Ukraine House in Davos. Business conditions have improved in Ukraine, an American investor, a Canadian diplomat, and a Ukrainian reformer said at the Ukraine House in Davos. “There is a huge cadre of people who are doing the...
On the investment panel, Roman Waschuk, Canada’s Ambassador to Ukraine, said: “The space and opportunity for corporate misdeeds has shrunk.” On the investment panel, Roman Waschuk, Canada’s Ambassador to Ukraine, said: “The space and opportunity for corporate misdeeds has shrunk.” Noting that his experience with Kyiv stretches back to the ...
Since 2015, “the government has canceled thousands of post-soviet regulations,” Since 2015, “the government has canceled thousands of post-soviet regulations,” said Oleksiy Honcharuk, head of the Better Regulation Delivery Office. Funded by the EU and other foreign donors, this a...
Carl Sturen, a former food processing investor and now CEO of Windcraft Ukraine said Ukraine, a major food producer should burn crop detritus for energy. Carl Sturen, a former food processing investor and now CEO of Windcraft Ukraine said Ukraine, a major food producer should burn crop detritus for energy. “If you could burn one ton of biomass per cult...
This spring, the Rada is expected to approve a law that substitute energy auction for Ukraine’s ‘green tariff’ – often considered the highest in Europe. This spring, the Rada is expected to approve a law that substitute energy auction for Ukraine’s ‘green tariff’ – often considered the highest in Europe. At the Ukraine House, approval came from Janez ...
Corchia warned about “auctions with ‘liars’ Corchia warned about “auctions with ‘liars’. Saying there are rarely big penalties against auction winners who do not build, he said some companies bid low, intending to resell. Michael Yurkovich, CEO...
Ukraine is well positioned to benefit from the fast growing demand for cyber security against attacks that wipe our corporate data, Ukraine is well positioned to benefit from the fast growing demand for cyber security against attacks that wipe our corporate data, said Eugene Roman, former cyber security advisor to Canadian Tire Co...
Ukraine’s outsourcing business is benefiting from a spreading loss of trust in Russian companies, Ukraine’s outsourcing business is benefiting from a spreading loss of trust in Russian companies, Roman told the panel, which was sponsored by the IT Ukraine Association. Referring to a price paid for...
Head, the American-Dutch sports company, makes tennis rackets in China. Yet when they decided to open a new ski boots, skis and ski bindings factory, they chose Vinnytsia Head, the American-Dutch sports company, makes tennis rackets in China. Yet when they decided to open a new ski boots, skis and ski bindings factory, they chose Vinnytsia, the central Ukrainian region...
IMF Managing Director met with President Poroshenko in Davos IMF Managing Director met with President Poroshenko in Davos on Wednesday evening to discuss the Stand-By Arrangement approved last month by the IMF Executive Board and Ukraine’s reform progress. In o...
EBRD President Chakrabarti urged Ukraine to keep adopting free market reforms, despite the distractions of two elections this year EBRD President Chakrabarti urged Ukraine to keep adopting free market reforms, despite the distractions of two elections this year. “We have reasonable confidence that the government will work s...
Horizon Capital, the US-based private equity fund management company, has raised $200 million for its third Ukraine fund, exceeding the original goal of $150 million Horizon Capital, the US-based private equity fund management company, has raised $200 million for its third Ukraine fund, exceeding the original goal of $150 million. “It is sending a message to the m...
In what Horizon calls ‘the largest private equity fund raised for Ukraine in a decade,” the fund has already invested $75 million in five export-oriented Ukrainian companies In what Horizon calls ‘the largest private equity fund raised for Ukraine in a decade,” the fund has already invested $75 million in five export-oriented Ukrainian companies – IT, light manufacturing ...
Norway’s NBT, France’s Total Eren, and the EBRD signed documents for €150 million in financing to build the first phase of one of the largest wind power plants in Europe. Norway’s NBT, France’s Total Eren, and the EBRD signed documents for €150 million in financing to build the first phase of one of the largest wind power plants in Europe. Planned for the north shore o...
NBT could build an additional 750 MW of wind capacity in Ukraine NBT could build an additional 750 MW of wind capacity in Ukraine, says Joar Viken, CEO of the Oslo company. At current construction prices, this would be a $1.3 billion investment. “The 250 MW Sivash ...
After dramatic jumps in the efficiency of wind turbines and solar panels, After dramatic jumps in the efficiency of wind turbines and solar panels, the next frontier is the technological challenge of storing power for use during peak demand hours, David Corchia, CEO of TOTA...
Backed by Europe’s largest deposits of lithium, Backed by Europe’s largest deposits of lithium, Ukraine’s Infrastructure Minister Volodymyr Omelyan has talked to Chinese companies about building battery plants in Ukraine. Corchia said he does not k...
Earlier, on a leadership panel, Jaroslawa Johnson, CEO of Western NIS Enterprise Fund Earlier, on a leadership panel, Jaroslawa Johnson, CEO of Western NIS Enterprise Fund, said she models the Ukraine Leadership Academy on a similar Israeli program designed to inculcate high school gra...
Young Ukrainians look at business free of the baggage of Ukraine’s post-Independence oligarchs Young Ukrainians look at business free of the baggage of Ukraine’s post-Independence oligarchs, argues Sophia Opatska, founding dean Ukrainian Catholic University’s business school in Lviv. Talking to...
Mixed praise for Ukrainian IT talent came during an Artificial Intelligence panel, Mixed praise for Ukrainian IT talent came during an Artificial Intelligence panel, sponsored by ICU investment bank. Great computer skills are not matched by marketing skills, said Alexandra Johnson, ...
Today, President Poroshenko meets at the Ukraine House with the National Investment Council Today, President Poroshenko meets at the Ukraine House with the National Investment Council – CEOs of European, American and Asian firms with major investments in Ukraine. Also at the meeting will be ...
The EU proposal for a new, 10-year Russia-Ukraine gas transit contract calls for guaranteed minimum annual flows at 60 billion cubic meters, 31% below 87 bcm handled by the Ukraine pipelines last year, The EU proposal for a new, 10-year Russia-Ukraine gas transit contract calls for guaranteed minimum annual flows at 60 billion cubic meters, 31% below 87 bcm handled by the Ukraine pipelines last year...
Two contracts will be needed for Russian gas to flow through Ukraine next year, Two contracts will be needed for Russian gas to flow through Ukraine next year, Elena Zerkal, deputy foreign minister for European Integration writes on Facebook. One would be a Russian-Ukraine interc...
Concorde Capital’s Alexander Paraschiy writes: “The chance that the Ukrainian and Russian gas monopolies will be able to reach any agreement by the end of 2019 looks negligible Concorde Capital’s Alexander Paraschiy writes: “The chance that the Ukrainian and Russian gas monopolies will be able to reach any agreement by the end of 2019 looks negligible…the only way for the Uk...
Construction of the Nord Stream 2 pipeline is “far advanced” and Germany won’t be bullied into dropping it Construction of the Nord Stream 2 pipeline is “far advanced” and Germany won’t be bullied into dropping it, Peter Altmaier, Germany’s Economy and Energy Minister tells Handelsblatt, the business newsp...
Separately, 73% of Germans surveyed by Forsa back building the pipeline under the Baltic. Separately, 73% of Germans surveyed by Forsa back building the pipeline under the Baltic. Two third rejected as false President Trump’s assertion that the pipeline will render Germany dependent on Mos...
The two gas tankers that caught fire in the Black Sea off the coast of Crimea Monday were probably trying to evade U.S. sanctions and run liquefied petroleum gas from Temryuk, a Russian Sea of Azov port, to Syria The two gas tankers that caught fire in the Black Sea off the coast of Crimea Monday were probably trying to evade U.S. sanctions and run liquefied petroleum gas from Temryuk, a Russian Sea of Azov po...
