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...
Ukraine’s ‘unicorns’, or IT companies valued over $1 billion, will increase from two today — GitLab and Bitfury — to seven in 2020 Ukraine’s ‘unicorns’, or IT companies valued over $1 billion, will increase from two today — GitLab and Bitfury — to seven in 2020, predicts Andriy Kolodyuk, chairman of the Ukraine Ventur...
Israel and Ukraine signed a free trade agreement Monday. Israel and Ukraine signed a free trade agreement Monday. The deal is expected to boost bilateral trade from the current level of $800 million to $1 billion in the early 2020s. Mostly beneficial for in...
Growth is expected for Ukraine’s exports to Israel of grain and cereals (except wheat), dairy products, vegetable oils, oilseeds, and cigarettes. Growth is expected for Ukraine’s exports to Israel of grain and cereals (except wheat), dairy products, vegetable oils, oilseeds, and cigarettes. If trade grows as hoped, a Odesa-Haifa shipping route ...
Food exports increased by 5% in dollar terms last year, hitting a record $18.8 billion, Food exports increased by 5% in dollar terms last year, hitting a record $18.8 billion, reports the Institute of Agrarian Economics. Farm products accounted for 40% of Ukraine’s total exports. The lar...
The top 10 importers of Ukrainian food were: The top 10 importers of Ukrainian food were: India – $1.8 billion; China — $1.1 billion; the Netherlands — $1.1 billion; Spain — $1 billion; Egypt — $890 million; Turkey —...
A new Russia gas contract with Ukraine should be for more than 10 years, with commercially viable volumes to attract “a European company with high reputation,” A new Russia gas contract with Ukraine should be for more than 10 years, with commercially viable volumes to attract “a European company with high reputation,” Maroš Šefčović, European Commision vice ...
With the existing 10-year contract due to expire at the end of this year, Ukrainian negotiators say Russia’s strategy is to spin talks out as long possible. With the existing 10-year contract due to expire at the end of this year, Ukrainian negotiators say Russia’s strategy is to spin talks out as long possible. Ukraine’s presidential elections in April a...
Without a contract, Without a contract, “there will be no transit of gas through Ukraine,” Vitrenko said. Unlike the Russian gas shutoffs of 2006 and 2009, Ukraine will be able to meet its gas needs from other sour...
A massive gas fire on board two merchant ships anchored near the Kerch Strait killed at least 11 sailors Monday afternoon A massive gas fire on board two merchant ships anchored near the Kerch Strait killed at least 11 sailors Monday afternoon, Interfax reports from Moscow. One vessel, a liquefied gas tanker, was reporte...
This spring, construction starts on Kyiv Boryspil’s first airport hotel, Pavlo Riabikin, the airport director general, tells Interfax-Ukraine. This spring, construction starts on Kyiv Boryspil’s first airport hotel, Pavlo Riabikin, the airport director general, tells Interfax-Ukraine. He says permission has been granted for two hotels, with ...
The number of Ukrainians living in Lithuania jumped by 42 percent last year, outstripping Russians and Belarussians to become the largest group of foreigners living in the Baltic nation The number of Ukrainians living in Lithuania jumped by 42 percent last year, outstripping Russians and Belarussians to become the largest group of foreigners living in the Baltic nation, according to ...
With Baltic travel demand growing With Baltic travel demand growing, Ukrzaliznytsia is doubling the frequency of its “Four Capitals” Kiev-Minsk-Vilnius-Riga train. Starting Jan. 30, the train will run twice a week. By air,...
Kyiv’s Central Passenger Station, a rundown landmark used by 100,000 people a day, Kyiv’s Central Passenger Station, a rundown landmark used by 100,000 people a day, may join Mykolayiv Station as a candidate to be managed by a private concession, Infrastructure Minister Volodymyr Om...
The Ukraine House in Davos opened with Alexa Chopivsky, the executive director, urging investors Monday to look at “Europe’s last substantial emerging market.” The Ukraine House in Davos opened with Alexa Chopivsky, the executive director, urging investors Monday to look at “Europe’s last substantial emerging market.” With Chopivsky leading an organizing com...
Olga Kudinenko, founder of Tabletochki, a foundation supporting a children’s cancer hospital in Ukraine Olga Kudinenko, founder of Tabletochki, a foundation supporting a children’s cancer hospital in Ukraine, said that attitudes toward charities are modernizing in Ukraine. But, recalling backbiting comm...
Alaa Murabit, a Libyan-born peace worker, said that solutions to international conflicts have far better chances of survival if women are involved in core roles Alaa Murabit, a Libyan-born peace worker, said that solutions to international conflicts have far better chances of survival if women are involved in core roles. Admitting that peace work failed in he...
US-based Westinghouse has authorized Energoatom to use its technology to build a nuclear fuel plant in Ukraine, US-based Westinghouse has authorized Energoatom to use its technology to build a nuclear fuel plant in Ukraine, Igor Nasalik, Minister of Energy and Coal Industry, told the Rada Friday. At present, a ...
China Nuclear Fuel Corporation has expressed interest in buying out Russia’s half ownership of Ukraine’s frozen fuel fabrication project. China Nuclear Fuel Corporation has expressed interest in buying out Russia’s half ownership of Ukraine’s frozen fuel fabrication project. Half built in Smolin, Kirovhrad region, the plant was started ...
Three-way Russia-Ukraine-EU talks take place today in Brussels to work on replacing Gazprom’s gas transit contract Three-way Russia-Ukraine-EU talks take place today in Brussels to work on replacing Gazprom’s gas transit contract. The 10-year contract expires at the end of this year. In the first meeting in six mo...
In the first half of January, only eight ships docked at Ukraine’s Sea of Azov ports – half the average of the same period 2016-2018 In the first half of January, only eight ships docked at Ukraine’s Sea of Azov ports – half the average of the same period 2016-2018, Andriy Klymenko, chairman of the Maidan of Foreign Affairs, tells ...
Cargo handled by Berdyansk port dropped by 24% last year Cargo handled by Berdyansk port dropped by 24% last year, to 1.8 million tons, reports the Center for Transportation Strategies. Grain dropped by 12% and metals by 43%. Last year, cargo handled by Mar...
Germany and France are willing to monitor ship traffic through the Kerch Strait Germany and France are willing to monitor ship traffic through the Kerch Strait, Germany’s Foreign Minister Heiko Maas said Friday in Kyiv. Fresh from meetings in Moscow, he said that Russia “mu...
Russia raises shipping costs in the Black Sea by closing waters off Crimea for ‘drills’, Russia raises shipping costs in the Black Sea by closing waters off Crimea for ‘drills’, Ukraine’s Defense Minister Stepan Poltorak tells Priamiy TV Channel. “Unfortunately, Russia continues its creep...
Containers were the fastest growing segment of cargo handled by Ukrainian ports last year Containers were the fastest growing segment of cargo handled by Ukrainian ports last year, according to analysis by the Center for Transportation Strategies. While overall cargo was up 2%, container c...
Medical clinic chain Dobrobut wants to buy Boris Hospital, a rival private clinic group in Kyiv. Medical clinic chain Dobrobut wants to buy Boris Hospital, a rival private clinic group in Kyiv. Next month, Ukraine’s Antimonopoly Committee will review the planned purchase. Largely owned by Concord...
Once the target of shelling from secessionist Donetsk, Avdiivka Coke and Chemical Plant, now is running at full capacity, producing almost twice as much coke as in 2017 Once the target of shelling from secessionist Donetsk, Avdiivka Coke and Chemical Plant, now is running at full capacity, producing almost twice as much coke as in 2017, RFE/RL reports from the plant....
Agro-businesses are the locomotive of Ukraine’s agricultural growth Agro-businesses are the locomotive of Ukraine’s agricultural growth, according to new numbers from the State Statistics Service. Behind last year’s 8% overall farm production growth, production from a...
Kherson airport, a candidate for Ryanair and Wizz Air service this summer, increased its passenger flow by 42% last year, Kherson airport, a candidate for Ryanair and Wizz Air service this summer, increased its passenger flow by 42% last year, to 150,000, reports the Center for Transportation Strategies. Southern Ukraine...
Ukraine is negotiating visa-free access to 22 new countries Ukraine is negotiating visa-free access to 22 new countries, Foreign Minister Pavlo Klimkin tells reporters. If successful, this would give Ukrainian passport holders visa-free access to 150 nations, ...
The Ukraine House opens today alongside the World Economic Forum in Davos to showcase Ukraine’s “brains, hands and grains.” The Ukraine House opens today alongside the World Economic Forum in Davos to showcase Ukraine’s “brains, hands and grains.” Through Friday, forums will held to attract investors in artificial intellig...
For business leaders, much of the value is networking on the side of forum events. For business leaders, much of the value is networking on the side of forum events. “It’s the best place to pitch ideas, build connections and get your brand known,” Chen Linchevski, CEO of Precognize,...
Designed to promote networking and investor interest in Ukraine, next week’s Ukraine House in Davos will offer a high powered mix of eminent foreign experts and leading Ukrainian entrepreneurs. Designed to promote networking and investor interest in Ukraine, next week’s Ukraine House in Davos will offer a high powered mix of eminent foreign experts and leading Ukrainian entrepreneurs. On Tue...
Naftogaz is “very optimistic” that it will soon recover from Gazprom last year’s $2.6 billion settlement imposed by the Stockholm arbitration court Naftogaz is “very optimistic” that it will soon recover from Gazprom last year’s $2.6 billion settlement imposed by the Stockholm arbitration court, Andriy Kobolyev, Naftogaz CEO tells Novoye Vremya m...
Facing possible US sanctions on European companies building Nord Stream 2, President Putin said Thursday Facing possible US sanctions on European companies building Nord Stream 2, President Putin said Thursday that “given the volumes currently shipped to European customers, [Russian gas] transit via Ukra...
President Poroshenko arrives in Jerusalem Sunday afternoon to sign the Israel-Ukraine free trade pact. President Poroshenko arrives in Jerusalem Sunday afternoon to sign the Israel-Ukraine free trade pact. In Jerusalem for one day, he will meet with Prime Minister Benjamin Netanyahu, President Reuven R...
Bottlenecks in a key road through Central Ukraine – the E-50 running east from Lviv to Uman – will be repaired and rebuilt this year summer Bottlenecks in a key road through Central Ukraine – the E-50 running east from Lviv to Uman – will be repaired and rebuilt this year summer, Slawomir Novak, head of Ukravtodor, the nation’s highways a...
An international tender is to be opened this year for a toll road on the heavily trafficked Lviv-Polish border highway, An international tender is to be opened this year for a toll road on the heavily trafficked Lviv-Polish border highway, writes Nowak. From 2011-2013, Slowak oversaw construction of toll roads in Polan...
Recovering from the loss of Crimea, Ukrainian winemakers produced 5.5% more wine last year Recovering from the loss of Crimea, Ukrainian winemakers produced 5.5% more wine last year, hitting almost 20 million decaliters. Vineyards in sunny southern Ukraine accounted for almost all the grape...
Inflation will fall this year to 6.9%, from 9.8% last year Inflation will fall this year to 6.9%, from 9.8% last year, Yakiv Smoliy, governor of the National Bank of Ukraine predicted Thursday in a speech to the Rada.
Ukraine’s banking system is profitable for the first time since 2013 Ukraine’s banking system is profitable for the first time since 2013, Smoliy told the Rada. He said there are now 77 banks operating in Ukraine – 4 state-owned and 22 with foreign capital. After the b...
One third of Ukrainian CEOs predict their production will grow this year One third of Ukrainian CEOs predict their production will grow this year and one half say it will remain stable, according to survey conducted in Q4 2018 by the National Bank of Ukraine. The biggest o...
In a poll of multinationals, 74% of executives polled by the American Chamber of Commerce said they plan to expand operations in 2019. In a poll of multinationals, 74% of executives polled by the American Chamber of Commerce said they plan to expand operations in 2019. Polled at the Chamber’s annual general meeting last month, 22% sa...
With Apple Pay and Google Pay increasing popular, the use of cashless payment technologies could increase by 25-50% this year With Apple Pay and Google Pay increasing popular, the use of cashless payment technologies could increase by 25-50% this year, estimates the European Business Association. By the end of this year, as ...
Two Kyiv-based hackers broke into Edgar, the database of the US Securities and Exchange Commission, and used confidential earnings reports to rack up $4.1 million in illegal trading profits in 2016 Two Kyiv-based hackers broke into Edgar, the database of the US Securities and Exchange Commission, and used confidential earnings reports to rack up $4.1 million in illegal trading profits in 2016, a...
Next week’s World Economic Forum in Davos will be dominated this year by economic issues: anxiety over trade disputes, Brexit and a growth slowdown that could push the world economy into recession, Next week’s World Economic Forum in Davos will be dominated this year by economic issues: anxiety over trade disputes, Brexit and a growth slowdown that could push the world economy into recession, Re...
Kyiv’s Boryspil airport attracted 10 new airlines, 25 new destinations, and 62 more weekly flights last year Kyiv’s Boryspil airport attracted 10 new airlines, 25 new destinations, and 62 more weekly flights last year, the airport reports on its website. Strengthening Boryspil’s role as an international hub,...
While rail passenger volumes to the EU doubled last year, passenger volumes to Russia fell by 15%, While rail passenger volumes to the EU doubled last year, passenger volumes to Russia fell by 15%, Infrastructure Minister Volodymyr Omelyan tells Pryamiy TV. After launching 20 new trains to the EU l...
