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...
Ukraine ties with Argentina as the EU’s fourth largest source of imported food. Ukraine ties with Argentina as the EU’s fourth largest source of imported food. In the 12 months through October, each sold €5.1 billion to the EU, according to a new report by the European Commission...
Faced with rivers of grain, storage silos and railroad wagons literally were bursting at the seams last fall, Faced with rivers of grain, storage silos and railroad wagons literally were bursting at the seams last fall, warns Serhiy Feofilov, CEO of UkrAgroConsult. Barring weather setbacks, Ukrainian farmers ...
Despite a 20% cut in port dues one year ago, Ukraine’s seaports handled only 1.8% more cargo last year than in 2017 Despite a 20% cut in port dues one year ago, Ukraine’s seaports handled only 1.8% more cargo last year than in 2017, the Infrastructure Ministry reports. Reaffirming Ukraine’s ports as export oriented...
Opening up a $1 billion opportunity for foreign rail equipment manufacturers, Opening up a $1 billion opportunity for foreign rail equipment manufacturers, Yevhen Kravtsov, chairman of Ukrzaliznytsia, told the Cabinet of Ministers Thursday that the state railroad will focus thi...
Last February, Ukrzaliznytsia signed a 10-year, $1 billion agreement with GE Transportation to build diesel locomotives in Ukraine Last February, Ukrzaliznytsia signed a 10-year, $1 billion agreement with GE Transportation to build diesel locomotives in Ukraine. The first GE locomotive, an import from Pennsylvania, went into serv...
Asserting that the shortage of freight cars has been overcome, Asserting that the shortage of freight cars has been overcome, Kravtsov says that in 2018, private companies built 10,000 cars and the state railroad built 3,500 more — “a record for the company...
The railroad’s ambitious $875 million spending plan for this year includes money for electrifying several hundred kilometers of track The railroad’s ambitious $875 million spending plan for this year includes money for electrifying several hundred kilometers of track. One project is to electrify an 80 km section from the Polish bord...
With 20 new trains to the EU With 20 new trains to the EU, Ukrzaliznytsia nearly doubled its passenger traffic last year to Europe. This international traffic growth helped boost Ukrzaliznytsia’s long distance passenger counts by...
Looking east, the railroad also is improving service to the government-controlled portions of Donetsk and Luhank regions, Looking east, the railroad also is improving service to the government-controlled portions of Donetsk and Luhank regions, Kravtsov says. Last month, Ukrzaliznytsia started service from Kyiv to Lysycha...
With SkyUp Airlines poised to boost domestic air travel this summer, trains can only compete by moving faster on the ground With SkyUp Airlines poised to boost domestic air travel this summer, trains can only compete by moving faster on the ground, says Infrastructure Minister Volodomyr Omelyan. Looking five years ahead, h...
The new Boryspil Express train from the airport to central Kyiv’s railroad station is winning riders, averaging 1,500-2,000 passengers daily The new Boryspil Express train from the airport to central Kyiv’s railroad station is winning riders, averaging 1,500-2,000 passengers daily 10 weeks after launch, reports Kravtsov. With 27 departures...
The enormous purchasing power of the dollar in Ukraine is confirmed by The Economist’s latest Big Mac Index. The enormous purchasing power of the dollar in Ukraine is confirmed by The Economist’s latest Big Mac Index. In a survey of 50 major economies, plus the Euro zone, Ukraine has the second most underval...
On Ukraine’s 12 oil and gas fields open for production sharing agreements: On Ukraine’s 12 oil and gas fields open for production sharing agreements: readers at Asters law firm point out that tender packages have yet to be prepared and announced. Only on the day of the tende...
With “unprecedented opportunities opening up in Ukraine’s upstream hydrocarbon sector,” With “unprecedented opportunities opening up in Ukraine’s upstream hydrocarbon sector,” the Ukrainian Gas E&P Forum will be held Jan. 29 in London at the Geological Society. Speakers will discuss ...
As of yesterday, Ukraine exported 25 million tons of grain, up 14% As of yesterday, Ukraine exported 25 million tons of grain, up 14% over the same date last year. Dragon Capital predicts this growth rate will hold up for the second half of the marketing year, with U...
With corn accounting for half of Ukraine’s record harvest last year, corn sales to the EU have quadrupled With corn accounting for half of Ukraine’s record harvest last year, corn sales to the EU have quadrupled and to Libya and Turkey have doubled, reports Ukragroconsult. Of Ukraine’s record 70.1 million...
Ukraine’s inflation fell to 9.8% in 2018 Ukraine’s inflation fell to 9.8% in 2018, an almost one third drop from the 13.7% recorded in 2017, reports the State Statistics Service. Prices increased the most for: road passenger transport +30%; ...
A Reuters forecast of analysts pegs economic growth this year at 2.9% A Reuters forecast of analysts pegs economic growth this year at 2.9%, down from 3.2% expected for 2018. Growth was 2.5% in 2017. The median forecast for inflation this year is 8.5%, down from 9.8% in...
Reserves are up 11% yoy to $20.8 billion – the highest level since Oct. 2013, Reserves are up 11% yoy to $20.8 billion – the highest level since Oct. 2013, reports the National Bank of Ukraine. High agricultural export prices and large amounts of multilateral aid boosted the le...
Dragon Capital writes Dragon Capital writes: “We expect NBU reserves to remain mostly flat in 2019, reaching $21 billion by year-end, as inflows of external financing from official creditors and new domestic and external m...
Concorde Capital’s Evgeniya Akhtyrko writes: Concorde Capital’s Evgeniya Akhtyrko writes: “Ukraine will need to raise around $10 billion in new foreign currency debt in order to keep its reserves at a decent level when payments are due in 2019, ...
Qatar, the world’s largest natural gas exporter, is laying the groundwork for a strong food for gas trade relationship with Ukraine Qatar, the world’s largest natural gas exporter, is laying the groundwork for a strong food for gas trade relationship with Ukraine, a major food exporter, according to a the newly formed Qatar-Ukrain...
Longterm, Ukraine wants direct deliveries of Qatar LNG to a Black Sea port Longterm, Ukraine wants direct deliveries of Qatar LNG to a Black Sea port, about a 3-week voyage. Turkey does not allow LNG shipments through the Bosphorus, citing safety concerns. But Turkey is digg...
After a six-month break, Russia-Ukraine-EU talks on gas transit resume Jan. 21 After a six-month break, Russia-Ukraine-EU talks on gas transit resume Jan. 21 in Brussels, tweets Maroš Šefčovič, European Commissioner for the Energy Union. Gazprom’s gas transit contract with Ukrai...
Ukraine’s top 100 state-owned companies saw their net profits drop by 42% Ukraine’s top 100 state-owned companies saw their net profits drop by 42% during the first half of 2018, compared to the same period one year earlier, UNIAN reports. The entire drop can be blamed on U...
Ukroboronprom is moving to ProZorro for all sales and leases Ukroboronprom is moving to ProZorro for all sales and leases, reports the press office of the state defense conglomerate. In a first step last month, the Iskra radar research and production company au...
Ukrenergo also is moving to ProZorro. Ukrenergo also is moving to ProZorro. The national power company earned $6 million last year by selling excess inventory. “Everything that was written off and accumulated in electric power systems for...
Ukraine’s steel crude production stabilized at 21 million tons in 2018 Ukraine’s steel crude production stabilized at 21 million tons in 2018, down 1.4% from 21.3 million tons in 2017. Finished steel production was flat last year, reaching 18.4 million, reports Interfax-...
To modernize Ukraine’s largest titanium ore miner To modernize Ukraine’s largest titanium ore miner, $11 million worth of American-made Bell dump trucks and British-made JCB loaders have been acquired by United Mining-Chemical Company. The company ow...
Ukraine’s foreign trade grew by 12% last year Ukraine’s foreign trade grew by 12% last year, hitting $104 billion, reports the State Fiscal Service. Exports were up 9% to $47.3 billion. Imports were up 15% to $56.8 billion. Among exports, the lea...
Milk production profitability, as measured by the Ukrainian Dairy Index, decreased by 14% last year Milk production profitability, as measured by the Ukrainian Dairy Index, decreased by 14% last year, Andriy Yarmak, FAO economist, writes on Facebook. The main culprit was concentrated feed which jump...
The top three import categories were The top three import categories were: machinery – 31%; energy – 24%; chemicals – 19%. Reflecting Ukraine’s trade diversification, the portion of trade with CIS countries fell by one third — to 1...
Ukraine’s exports to Canada were up 48.5% Ukraine’s exports to Canada were up 48.5% yoy through September, Andriy Shevchenko, Ukraine’s ambassador to Canada, tells Ukrinform. Canada lifted 98% of customs duties on Ukrainian goods on Aug. 1, 2...
In Ukraine’s largest new PSA in more than five years, In Ukraine’s largest new PSA in more than five years, the official Uryadovy Courier has published governmental approval of the transfer of 90% of rights and obligations of the old Royal Dutch Shell ga...
Support in German Chancellor Angela Merkel’s coalition for Nord Stream 2 gas pipeline is “slipping,” Support in German Chancellor Angela Merkel’s coalition for Nord Stream 2 gas pipeline is “slipping,” Bloomberg reports from Berlin. Citing “growing skepticism among German officials,” the report says:...
Heard from a New York-based trader about prices of Ukraine government debt Heard from a New York-based trader about prices of Ukraine government debt: “Ukraine is getting whacked as tensions in the East have increased since New Year.”
US-based Kopernik Global Investors LLC has raised its holdings in Astarta agricultural and industrial holding, crossing the 5% threshold of voting rights US-based Kopernik Global Investors LLC has raised its holdings in Astarta agricultural and industrial holding, crossing the 5% threshold of voting rights, according to an Astarta report to the Warsaw ...
Starting Feb. 7, post offices as well as bank ATMs will be authorized to dispense dollars and euros Starting Feb. 7, post offices as well as bank ATMs will be authorized to dispense dollars and euros, according to liberalized foreign currency rules posted on the website of the National Bank of Ukrai...
With the next IMF review due May 15, three weeks after the expected second round of the presidential election, a new IMF report warns politicians of the economic dangers of ‘populism.’ With the next IMF review due May 15, three weeks after the expected second round of the presidential election, a new IMF report warns politicians of the economic dangers of ‘populism.’ Passing marks o...
In 2019, a year with presidential and parliamentary elections, almost $2 billion will be spent on repairing roads In 2019, a year with presidential and parliamentary elections, almost $2 billion will be spent on repairing roads, Prime Minister Groysman promises. Separately, the government plans this year to match...
Looking at Ukraine’s economy, the IMF warns in the summary of a 111-page country report issued Tuesday: Looking at Ukraine’s economy, the IMF warns in the summary of a 111-page country report issued Tuesday: “Investments, especially foreign direct investment, are being held back by a difficult bus...
Reflecting Ukraine’s conservative fiscal management, the 2018 budget deficit fell last year to 1.7% of GDP, calculates Dragon Capital. Reflecting Ukraine’s conservative fiscal management, the 2018 budget deficit fell last year to 1.7% of GDP, calculates Dragon Capital. The 2018 target was 2.3%. In 2017, the deficit was 2.4%.
A Polish company, Feerum S.A., is building A Polish company, Feerum S.A., is building €50 million worth of grain elevators this year for Epicenter K, the Ukrainian agricultural company. Scheduled for commissioning in September, the elevators w...
