Partners news

Thursday, January 17

With Romania to double natural gas production by 2025, Moldova is building a 100 km, $140 million gas pipeline to improve gas connections with Romania, With Romania to double natural gas production by 2025, Moldova is building a 100 km, $140 million gas pipeline to improve gas connections with Romania, Ukrinform reports. Romania’s Transgaz is buildin...

In a new threat to the Russia-Germany Nord Stream 2 pipeline, Romania has won the support of half of the EU’s 28 member states for a bill that would require European Commission approval of new gas lines to Europe In a new threat to the Russia-Germany Nord Stream 2 pipeline, Romania has won the support of half of the EU’s 28 member states for a bill that would require European Commission approval of new gas lin...

Gazprom experts skipped an experts meeting Tuesday Gazprom experts skipped an experts meeting Tuesday to prepare for Monday’s Russia-Ukraine-EU meeting in Brussels on renegotiating the Russian state company’s 10-year gas transit contract with Ukraine....

Ukraine’s GDP growth and inflation are the best since 2013 Ukraine’s GDP growth and inflation are the best since 2013, says Yakiv Smoly, governor of the National Bank of Ukraine. The 2018 inflation of 9.8% is the lowest in five years. The forecast 2018 GDP gr...

The Cabinet of Ministers re-approved the listing of 16 large state companies for privatization. The Cabinet of Ministers re-approved the listing of 16 large state companies for privatization. The list is part of a larger group of 23 approved for privatization last summer. None were sold. For fiv...

Exports of eggs in shell increased in value by 37% last year, to $94 million Exports of eggs in shell increased in value by 37% last year, to $94 million. With new markets, like Singapore, opening up, exports increased by 21%, to 107,000 tons.

To go with the eggs, state salt producer Artyomsol increased salt production last year by 22.4%, to 2.1 million tons. To go with the eggs, state salt producer Artyomsol increased salt production last year by 22.4%, to 2.1 million tons. Salt exports rose 25% to 952,000 tons, or almost half of production. Top buyers fr...

To add the bacon To add the bacon, the EBRD and the World Banks’ IFC are loaning a total of $25 million to a leading Kyiv region company to expand pig breeding capacity and to build a meat processing plant capable of ...

Danish engineering company BIIR was named “Conscientious Taxpayer of 2018” by the Ukrainian Taxpayers Association. Danish engineering company BIIR was named “Conscientious Taxpayer of 2018” by the Ukrainian Taxpayers Association. Last year, BIIR won international attention for its determined defense ag...

Drivers may legalize 250,000 illegally imported cars by the Feb. 25 deadline Drivers may legalize 250,000 illegally imported cars by the Feb. 25 deadline, predicts Sergey Verlanov, deputy finance minister. This would be more than the 200,000 new and used cars legally imported ...

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,...

Wednesday, January 16

Ukraine International Airlines, the nation’s largest carrier, boosted its passenger traffic last year by 15%, to 8 million passengers Ukraine International Airlines, the nation’s largest carrier, boosted its passenger traffic last year by 15%, to 8 million passengers. On its scheduled flights, 53% of seats were occupied by transfer ...

A Chinese company has designed a new terminal for Minsk Airport A Chinese company has designed a new terminal for Minsk Airport, reports TUT.BY, the Belarussian news agency. According to mockups unveiled by Chinese Aviation Industrial Corporation, a sleek new, 36,...

Investment in Minsk Airport is a bet on continuation of the Ukraine-Russia freeze on direct flights. Investment in Minsk Airport is a bet on continuation of the Ukraine-Russia freeze on direct flights. In 2016-2017, the first full two years of the ban, passengers handled by Minsk jumped by 48%. Most ...

Russia’s ban on Ukrainian overflights boosts prices of tickets on flights from Kyiv to Central Asia, China, India, Thailand and the Caucasus Russia’s ban on Ukrainian overflights boosts prices of tickets on flights from Kyiv to Central Asia, China, India, Thailand and the Caucasus, Pavel Ryabikin, Boryspil Airport’s General Director, tells...

Discount airlines plan to launch 25 new flights from Ukraine to the EU this year. But fine tuning is starting Discount airlines plan to launch 25 new flights from Ukraine to the EU this year. But fine tuning is starting. On Monday, Italian-Albanian airline Ernest stops flights from Lviv to Venice and Milan Ma...

ArcelorMittal Kryvyi Rih, Ukraine’s largest steel company and largest private company by revenue, plans to increase its capital investments this year by 30%, to over $450 million ArcelorMittal Kryvyi Rih, Ukraine’s largest steel company and largest private company by revenue, plans to increase its capital investments this year by 30%, to over $450 million, reports the Dnirpope...

President Poroshenko says GDP growth hit 3.4% in 2018. President Poroshenko says GDP growth hit 3.4% in 2018. This would be Ukraine’s highest growth rate in seven years, he told a business meeting in Volyn on Tuesday.

At least $1 billion in investment At least $1 billion in investment is needed to complete Ukraine’s equivalent of Brazil’s Itaipu Dam, Igor Sirota, director general of Ukrhydroenerho, tells Ukrinform. At buildout, Dniester Pumped Stor...

Ukrhydroenerho, the company that administers the nation’s largest power plants, produced 10.5% of the nation’s electricity in 2018. Ukrhydroenerho, the company that administers the nation’s largest power plants, produced 10.5% of the nation’s electricity in 2018. Energoatom, the state company that operates Ukraine’s four nuclear p...

Ukraine earned 41% more from electricity exports last year, sending $332 million Ukraine earned 41% more from electricity exports last year, sending $332 million worth to its western neighbors, reports the State Fiscal Service. The top three customers were: Hungary — $190 mi...

Moldova should buy more electricity from Ukraine, which has the region’s cheapest power Moldova should buy more electricity from Ukraine, which has the region’s cheapest power, Moldovan power experts tell Ukrinform. Ukraine’s price is about €50 per megawatt hour. Comparative prices in Cz...

With Norway’s energy projects growing in Ukraine, Prime Minister Groysman plans to open in Oslo on January 28 the Norwegian Ukrainian Business Forum 2019. With Norway’s energy projects growing in Ukraine, Prime Minister Groysman plans to open in Oslo on January 28 the Norwegian Ukrainian Business Forum 2019. Meeting Tuesday in Kyiv with a visiting Norwe...

Lower world dairy prices pushed Ukraine’s milk export revenues down 6% last year, to $264 million Lower world dairy prices pushed Ukraine’s milk export revenues down 6% last year, to $264 million, reports the Milk Producers Association. The top three buyers are: Morocco, Kazakhstan and Moldova. Mi...

Chornomorsk was Ukraine’s fastest growing Black Sea port last year, handing 25% more cargo Chornomorsk was Ukraine’s fastest growing Black Sea port last year, handing 25% more cargo, far above the 2% average for Ukraine’s ports. Opened 50 years ago as a southern satellite of Odesa, Chornomo...

The EU and the World Bank have drawn up a 12-year, €13 billion Eastern Partnership infrastructure investment plan that is to help fund €630 million worth of Ukraine projects, The EU and the World Bank have drawn up a 12-year, €13 billion Eastern Partnership infrastructure investment plan that is to help fund €630 million worth of Ukraine projects, reports Deutsche Welle, d...

By the end of this year, Antonov plans to resume production in Kyiv of the An-124 Ruslan, the world’s largest military transport aircraft. By the end of this year, Antonov plans to resume production in Kyiv of the An-124 Ruslan, the world’s largest military transport aircraft. From 1982-2004, 55 Ruslans were built. Plans to resume produc...

Tuesday, January 15

VARAMAR, the Odesa-based shipper, is offering a new service VARAMAR, the Odesa-based shipper, is offering a new service – a monthly sailing between Odesa and the Middle East and Asia of a ship capable of handing such oversized cargo as oil and gas rigs. Probab...

In a bright spot for Odesa, seaport passenger terminal, one of the largest on the Black Sea, returned to life last year. In a bright spot for Odesa, seaport passenger terminal, one of the largest on the Black Sea, returned to life last year. Passenger numbers jumped to 321,647 last year, from 1,750 in 2017. Overall, Ukr...

With river traffic returning to fashion With river traffic returning to fashion, the volume of cargo moving on the Dnipro increased by 22% yoy, to 10 million tons in 2018.

For the Gdansk-Odesa ‘GO Highway’ project, Ukraine will spend $143 million this For the Gdansk-Odesa ‘GO Highway’ project, Ukraine will spend $143 million this year to build, repair and expand highways running north and west from Odesa and Mykolayiv, Prime Minister Groysman write...

Road crashes dropped 8% last year to 150,120, due to tougher laws and penalties Road crashes dropped 8% last year to 150,120, due to tougher laws and penalties, Olexiy Biloshitsky, the first deputy head of Ukraine’s patrol police, writes on Facebook. The highway death toll droppe...

Washington’s sanctions threat against European companies building Nord Stream 2 is hitting the Achilles heel of the Russia-Germany gas line Washington’s sanctions threat against European companies building Nord Stream 2 is hitting the Achilles heel of the Russia-Germany gas line, according to two Ukrainian energy experts interviewed by UN...

Sanction threats made to pipeline companies last week by US Ambassador Richard Grenell mark “a turning point,” Sanction threats made to pipeline companies last week by US Ambassador Richard Grenell mark “a turning point,” Mykhaylo Honchar, president of Kyiv’s Center for Globalization Strategy XXI, tells UNIAN....

Bundestag deputies angrily attacked the threat Monday Bundestag deputies angrily attacked the threat Monday, with several accusing the U.S. Ambassador of acting like a postwar Allied High Commissioner. German Foreign Minister Haiko Maas said: “Questions ...

Cadbury owner Mondelez is suing Zurich Insurance for its refusal to pay a $100 million claim relating to the NotPetya virus outbreak in 2017 Cadbury owner Mondelez is suing Zurich Insurance for its refusal to pay a $100 million claim relating to the NotPetya virus outbreak in 2017, reports the Financial Times. Spreading largely from malwar...

KMPG nearly doubled its Ukraine head count last year, adding 289 employees KMPG nearly doubled its Ukraine head count last year, adding 289 employees. Revenue increased by 39% to UAH 473 million, or $17 million. The Kyiv office attributes the growth to demand for advisory se...

Ukrainian banks continue restructuring, cutting the number of branches last year by 10%. Ukrainian banks continue restructuring, cutting the number of branches last year by 10%. Of the net loss of 980 branches, most were closed by three banks: Oschadbank — 575 branches; PrivatBank –...

Ukraine’s state company Vazhmashimpex wants to revive Nigeria’s largest steel mill Ukraine’s state company Vazhmashimpex wants to revive Nigeria’s largest steel mill, Ajaokuta Steel Company Ltd., located midway between Abuja, the capital, and Warri, a major port on the Gulf of Guine...

The ranking of Ukraine’s biggest ports emerges from statistics for 2018 cargo volumes The ranking of Ukraine’s biggest ports emerges from statistics for 2018 cargo volumes released by the Seaports Administration. The top five are: Yuzhne (Odesa region) – 43 million tons; Mykolayiv R...

Russia can cut off Mariupol, Ukraine’s fifth busiest port, by rail as easily as by sea Russia can cut off Mariupol, Ukraine’s fifth busiest port, by rail as easily as by sea, Andriy Klymenko, chief editor of blackseanews.net news, warns in an interview with apostrophe.ua. The rail line ...

Monday, January 14

Liberalization of foreign exchange market in Ukraine does not mean legalizing transactions in dollars or euros, Liberalization of foreign exchange market in Ukraine does not mean legalizing transactions in dollars or euros, Churiy said. He explained: “We believe that if we continue to continue the policy of mac...

As part of Ukraine’s drive to adopt EU rules, EU standards now apply for timber and lumber. As part of Ukraine’s drive to adopt EU rules, EU standards now apply for timber and lumber. In the EU, logs are graded for size and quality, in four classes A-D. Ukraine has dropped its earlier system...

Lviv displaced Odesa as Ukraine’s busiest regional airport last year, coming in behind Kyiv’s two airports. Lviv displaced Odesa as Ukraine’s busiest regional airport last year, coming in behind Kyiv’s two airports. Compared to the national average of 25% growth last year, Odesa’s passenger traffic grew las...

Lviv is not resting on its laurels. Lviv is not resting on its laurels. Airport director Tatyana Romanovskaya, the is negotiating with KLM for a flight to Amsterdam Schiphol and with LOT Polish for a weekly Lviv-Toronto flight. Ukrainia...

The regional rivalry heats up this summer when Odesa’s new runway is to draw European discount airlines Ryanair and Wizz Air The regional rivalry heats up this summer when Odesa’s new runway is to draw European discount airlines Ryanair and Wizz Air, Infrastructure Minister Volodymyr Omelyan tells Radio Svoboda. Ukraine’s o...

A four lane Polish expressway will be knocking on Ukraine’s door by 2025 A four lane Polish expressway will be knocking on Ukraine’s door by 2025, reports Poland’s Leftlane news site. The S17 divided highway will allow drivers to travel from Warsaw to Ukraine’s Rava Ruska ...

President Poroshenko will meet with CEO members of the National Investment Council when he is in Davos President Poroshenko will meet with CEO members of the National Investment Council when he is in Davos, Switzerland, for the World Economic Forum next week. Speaking Thursday in Rivne, he described th...

Metal exports grew 15% yoy to $10 billion Metal exports grew 15% yoy to $10 billion, reports the State Fiscal Service,

Ukraine, Europe’s largest producer of titanium ore, earned 20% more from exports last year. Ukraine, Europe’s largest producer of titanium ore, earned 20% more from exports last year. In the second year of growth, exports hits $126 million. Volumes increased by only 2.7%, to 600,000 tons, re...