Uruguay and Ukraine have agreed to move to a 90-day visa free regime, thus making most of South America visa free for Ukrainians Uruguay and Ukraine have agreed to move to a 90-day visa free regime, thus making most of South America visa free for Ukrainians. The holdouts are the northern tier countries: Colombia, Venezuela, Guy...
After a 5-year suspension, the US Export-Import Bank, the official export credit agency of the United States, has resumed loaning to Ukrainian borrowers to buy American goods After a 5-year suspension, the US Export-Import Bank, the official export credit agency of the United States, has resumed loaning to Ukrainian borrowers to buy American goods, reports the U.S.-Ukraine...
This spring energy companies be able to bid on 50-year production sharing agreements to explore and produce oil and gas in 12 fields This spring energy companies be able to bid on 50-year production sharing agreements to explore and produce oil and gas in 12 fields, largely in western and eastern Ukraine. The government’s goal is t...
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:...
At Mariupol port, shipping volumes fell last year to 5.3 million tons, or 10% below 2017 levels. At Mariupol port, shipping volumes fell last year to 5.3 million tons, or 10% below 2017 levels. With the 2014 loss of most production from the Donbas, this 22-berth port operated last year at 28% of ...
Despite these setbacks, the port administration plans $18.5 million in capital investment for Mariupol port, largely for dredging. Despite these setbacks, the port administration plans $18.5 million in capital investment for Mariupol port, largely for dredging. On Monday, an international ProZorro tender closes for $32 million of...
After dredging two Black Sea ports, China Harbor Engineering Company Ltd. may be best positioned to handle the geopolitical risk of the Azov After dredging two Black Sea ports, China Harbor Engineering Company Ltd. may be best positioned to handle the geopolitical risk of the Azov. One year ago, it completed dredging a major section of Yuz...
In addition to steel, the Azov is Ukraine’s largest source of fish. In addition to steel, the Azov is Ukraine’s largest source of fish. Through November, the State Fisheries Agency reports, the Azov had twice the fish catch of the Black Sea: 16,100 tons from the Azov ...
In one new Black Sea fishing investment, In one new Black Sea fishing investment, Nibulon, the grain trader, recently bought at auction a Black Sea fish canning factory in Ochakiv, Mykolayiv region. Nibulon plans to restore and reopen the fa...
To raise Ukraine’s naval presence on the Azov and the Black Seas, the Interior Ministry is negotiating with a French company to build about 20 coast guard cutters at a Ukrainian shipyard To raise Ukraine’s naval presence on the Azov and the Black Seas, the Interior Ministry is negotiating with a French company to build about 20 coast guard cutters at a Ukrainian shipyard, Interior Min...
Next summer, Ukraine’s Navy is to receive two refitted Island-class patrol boats from the United States, Next summer, Ukraine’s Navy is to receive two refitted Island-class patrol boats from the United States, says Ihor Voronchenko, commander of the Ukrainian Naval Forces. Also during this year, the Navy...
To reassert Ukraine’s right to free shipping on the Azov To reassert Ukraine’s right to free shipping on the Azov, a binational sea, the Poroshenko administration plans to send another Ukrainian Navy flotilla through the Kerch Strait – this time with intern...
President Putin goal is to stifle Ukraine’s ports on the Azov, President Putin goal is to stifle Ukraine’s ports on the Azov, US Army Lt. Gen. Ret. Ben Hodges tells Washington’s Military Times. “They won’t stop until they completely own the Sea of Azov and have c...
To check the Kremlin’s aggression in the region, John Herbst, former ambassador to Ukraine, suggests the US supply Ukraine with Harpoon anti-ship missiles To check the Kremlin’s aggression in the region, John Herbst, former ambassador to Ukraine, suggests the US supply Ukraine with Harpoon anti-ship missiles. Launched from land or sea platforms, these s...
New US lethal aid to Ukraine will decided by March New US lethal aid to Ukraine will decided by March, predicts Herbst, who is based in Washington. Similary, Valeriy Chaly, Ukraine’s Ambassador to the US, told Voice of America last week: “...
Freedom of commerce in the Azov and Black Seas may only be enforceable by the US Navy Freedom of commerce in the Azov and Black Seas may only be enforceable by the US Navy, which has defended freedom of shipping in the region since 1801-1805, when it defeated Barbary pirates off the co...
Metinvest, Ukraine’s largest private company, is investing to expand its Mariupol steel production by 14% this year. Metinvest, Ukraine’s largest private company, is investing to expand its Mariupol steel production by 14% this year. At Illich Steel, the nation’s second largest metallurgical company, Metinvest plans...
Starting Feb. 7, individuals are allowed to exchange every day UAH 150,000 – currently $5,357 – into foreign currency, with no questions asked. Starting Feb. 7, individuals are allowed to exchange every day UAH 150,000 – currently $5,357 – into foreign currency, with no questions asked. The new law abolishes the need for people buying less th...
Moving beyond cash registers, the nation’s 107,000 small businesses are now allowed to register payments with smartphones, tablets or laptops, Moving beyond cash registers, the nation’s 107,000 small businesses are now allowed to register payments with smartphones, tablets or laptops, according to new government decision. The move should sav...
Starting in April Ukrainian banks will start identifying accounts with IBAN numbers, Starting in April Ukrainian banks will start identifying accounts with IBAN numbers, the National Bank of Ukraine reports. Started two decades ago and now used by over 70 countries, the International ...
First time sales of used imported cars doubled in 2018 First time sales of used imported cars doubled in 2018, to 116,800, Ukravtoprom, reports the car industry trade association. With this growth leap, used imports accounted for 59% of the 198, 600 first...
Electric car registrations in Ukraine doubled in 2018 to 12,333 cars Electric car registrations in Ukraine doubled in 2018 to 12,333 cars. Pushing 2018 sales to 6,740 cars was a combination of tax exemptions that cut sale prices by 17%, Infrastructure Minister Volodymy...
NATO has extended for three years its cargo contract with Antonov Airlines NATO has extended for three years its cargo contract with Antonov Airlines, the airlift arm of Antonov aircraft producer. Under the deal, Antonov has two AN-124-100 Ruslan planes on permanent standby ...
Air travel boomed in Ukraine in 2018 Air travel boomed in Ukraine in 2018: Kyiv Boryspil added 2 million passengers, traffic at Kyiv Sikorsky was up 52%, traffic at Lviv was up 48% and Kharkiv was up 19%.
Boryspil, the nation’s busiest airport, increased traffic by 19%, to 12.6 million passengers. Boryspil, the nation’s busiest airport, increased traffic by 19%, to 12.6 million passengers. Aiming to add another 1.5 million passengers this year, Boryspil plans to reopen this spring Terminal F fo...
Next year, the new Boryspil Express train to Kyiv will be enhanced Next year, the new Boryspil Express train to Kyiv will be enhanced with a Metro rail connection at the Vidubychi green line Metro station. Vidubychi will be rebuilt as a transit hub for bus, Metro and...
Ukraine’s second busiest airport, Kyiv Sikorsky handled 2.8 million passengers last year, 1 million more than last year. Ukraine’s second busiest airport, Kyiv Sikorsky handled 2.8 million passengers last year, 1 million more than last year. With discount carriers Wizz Air and SkyUp using Sikorsky as their hub, 97% of t...
Regional airports revived in 2018. Regional airports revived in 2018. Lviv’s traffic hit 1.6 million, almost triple the level of 2012, the year of the UEFA Euro cup. On Sunday morning, several flights in and out of Lviv airport were de...
Kharkiv’s passenger count reached 962,000 Kharkiv’s passenger count reached 962,000, almost double the 2012 football cup year. More growth is to come this year, with new flights from Kharkiv to Rome, Milan, Odesa and Krakow.
Ukraine’s main stock index, the PFTS, rose 80.4% last year “comfortably becoming the top performer worldwide,” Ukraine’s main stock index, the PFTS, rose 80.4% last year “comfortably becoming the top performer worldwide,” CNBC reports. With the 25% increase in 2017, the PFTS index has doubled in two years, rea...
Odesa’s new runway is to be completed next summer, drawing Ryanair and Wizz Air Odesa’s new runway is to be completed next summer, drawing Ryanair and Wizz Air, predicts Infrastructure Minister Omelyan. Zaporizhia, Ukraine’s 6th busiest airport, handled 400,326 passengers last ye...
Drawing on data from Thompson Reuters’ Refinitv, CNBC names the other winners of 2018 Drawing on data from Thompson Reuters’ Refinitv, CNBC names the other winners of 2018: Macedonia +30.41%; Qatar +20.87%; and UAE +11.9%. The top five losers were: Venezuela -95%; Argentina -50%; Turke...
Torben Majgaard, founder of Ciklum, a top Ukraine IT company, died Thursday in Marbella, Spain at the age of 48 Torben Majgaard, founder of Ciklum, a top Ukraine IT company, died Thursday in Marbella, Spain at the age of 48. A heavy drinker, he suffered from cirrhosis of the liver. After moving from his native ...
New foreign aid projects increased 50% last year, hitting almost $1 billion New foreign aid projects increased 50% last year, hitting almost $1 billion, reports the Economic Development Ministry. The Ministry “registered 264 new projects of international technical assistance ...
Under Majgaard, the company founded the BrainBasket Foundation to further IT education Under Majgaard, the company founded the BrainBasket Foundation to further IT education across Ukraine. Ciklum also supported Ukraine House in Davos and Ukrainian Venture Capital and Private Equity Ass...
One month from today, banks in Ukraine are allowed to dispense dollars and euros through ATMs. One month from today, banks in Ukraine are allowed to dispense dollars and euros through ATMs. It is unclear which banks have installed the software for handling foreign currency and if there will be ...
On the Black Sea, in Mikolayiv region, Scatec and Kyiv’s Rengy Development will build this year three solar stations with a total capacity of 47 MW On the Black Sea, in Mikolayiv region, Scatec and Kyiv’s Rengy Development will build this year three solar stations with a total capacity of 47 MW. Funding for 65% of the €55 million project comes fr...
Ukraine’s first “100% Nordic-funded solar project” Ukraine’s first “100% Nordic-funded solar project” is under construction in Berdychiv, Zhytomir region, about 180km west Kyiv. The 19 MW project is being funded by Denmark’s Better Energy A/S, the Dan...
Ireland’s Altostrata plans to build a €60 million, 62 MW solar power station Ireland’s Altostrata plans to build a €60 million, 62 MW solar power station in the Luhynsky district, near Zhytomyr’s border with Belarus. Since 2011, an Altostrata unit has built 51 MW of solar proj...
Ten kilometers north of Crimea, work is to start this spring on a 163 MW windpower farm designed to supply the power needs of Ukraine’s border area Ten kilometers north of Crimea, work is to start this spring on a 163 MW windpower farm designed to supply the power needs of Ukraine’s border area, Kherson’s Kalanchak district. In 2014, the district...
A Franco-Belgian project to build a 110MW wind power farm on Kherson’s Black Sea coast A Franco-Belgian project to build a 110MW wind power farm on Kherson’s Black Sea coast is expected to win credit support in March, when the EBRD Board reviews the project. Project backers are: France’...
Kherson Polytechnic College has started a vocational program to train local high school graduates the skills of installing and servicing solar and wind power plants. Kherson Polytechnic College has started a vocational program to train local high school graduates the skills of installing and servicing solar and wind power plants. With the help of Ukrenergo, the st...
DTEK, Ukraine’s largest private energy company, is building Ukraine’s largest wind power capacity on a 30 km stretch of Zaporizhia’s Sea of Azov coastline. DTEK, Ukraine’s largest private energy company, is building Ukraine’s largest wind power capacity on a 30 km stretch of Zaporizhia’s Sea of Azov coastline. This month, construction starts in Orlivka, ...
In 2018, “we launched a construction of 500 MW of new solar and wind power plants,” In 2018, “we launched a construction of 500 MW of new solar and wind power plants,” Maxim Timchenko, CEO of DTEK, said last month. This spring, China Machinery Engineering Corporation plans to complet...
Largely with World Bank funding, a 10MW, $13 million solar plant Largely with World Bank funding, a 10MW, $13 million solar plant is to be built later this year on a former clay quarry in Zarvantsi, about 10 km west of Vinnytsia city, in central Ukraine. Vasyl Roma...
Yavoriv, the western Lviv district better known for hosting American and Canadian military trainers, is also emerging at Lviv region’s center for wind and solar energy investment Yavoriv, the western Lviv district better known for hosting American and Canadian military trainers, is also emerging at Lviv region’s center for wind and solar energy investment. This spring, Greenvi...
Reflecting investors’ rush to commission solar projects Reflecting investors’ rush to commission solar projects before the curtain falls Dec. 31 on the ‘green’ tariff, Cherkasy region, 200 km southeast of Kyiv, has received applications for construction th...
Ukraine’s installed renewable energy capacity jumped by 54% last year, hitting 2,117 MW, Ukraine’s installed renewable energy capacity jumped by 54% last year, hitting 2,117 MW, according to the Commission for State Regulation of Energy and Utilities. Of the 742 MW of new installed capaci...
The green rush is a gold rush – this year. The green rush is a gold rush – this year. The Rada is reviewing for a second vote a bill that would lower tariffs for solar and wind and adopt auctions. Highlighting profits to be made by renewable p...
