Benoit Pleska, a Belgian graduate of Stanford University, was elected chair of Ukrposhta’s new supervisory board Benoit Pleska, a Belgian graduate of Stanford University, was elected chair of Ukrposhta’s new supervisory board. With experience in eastern Europe since the early 1990s, Pleska is a board member of P...
Rada passage of a concessions bill would unlock almost $700 million in private investments for two Black Sea ports – Kherson and Olvia. Rada passage of a concessions bill would unlock almost $700 million in private investments for two Black Sea ports – Kherson and Olvia. Seven companies – foreign and national — want to participa...
A concessions bill would create A concessions bill would create a transparent procedure for selecting concessionaires, international arbitration of disputes and the ability to attract advisers to prepare projects for public-private ...
With a legal framework for concessions, public-private partnerships will develop regional airports With a legal framework for concessions, public-private partnerships will develop regional airports, predicts Infrastructure Minister Volodymyr Omelyan. “When we hit the limit with Boryspil, we will ne...
Flying under the radar: Flying under the radar: The State Aviation Administration has granted permission to Bukovyna Airlines, a charter airline based in Chernivtsi, to fly five flights a week this winter to the Egyptian coa...
Ryanair’s Austrian budget airline, Laudamotion, will fly five times a week between Vienna and Kyiv Boryspil, starting Feb. 1. Ryanair’s Austrian budget airline, Laudamotion, will fly five times a week between Vienna and Kyiv Boryspil, starting Feb. 1. Based in Schwechat, home to Vienna International Airport, Laudamotion is 7...
Determined to cut inflation in half — to 5% –by the end of 2020, the central bank maintained Thursday its benchmark interest rate at 18%. Determined to cut inflation in half — to 5% –by the end of 2020, the central bank maintained Thursday its benchmark interest rate at 18%. “Tight monetary conditions will be the main factor...
“Tymoshenko seems very well placed to emerge as president,” veteran Ukraine observer Timothy Ash concludes after one week of interviews in Kyiv. “Tymoshenko seems very well placed to emerge as president,” veteran Ukraine observer Timothy Ash concludes after one week of interviews in Kyiv. Whoever wins the second round in April, he writes, will...
The first GE locomotive to enter service for Ukrzaliznytsia delivered almost 4,000 tons of ore to the steelworks in Mariupol on the Sea of Azov, The first GE locomotive to enter service for Ukrzaliznytsia delivered almost 4,000 tons of ore to the steelworks in Mariupol on the Sea of Azov, reports Yevhen Kravtsov, the railroad’s CEO. In the las...
Dredging of Berdyansk and Mariupol, Ukraine’s two major Sea of Azov ports, are up for an international tender Dredging of Berdyansk and Mariupol, Ukraine’s two major Sea of Azov ports, are up for an international tender that closes Jan. 14. This year, three tenders for the $30 million job failed to attract th...
China Export & Credit Insurance Corporation, commonly known as Sinosure, is ready to finance renewable energy projects with Ukrgasbank China Export & Credit Insurance Corporation, commonly known as Sinosure, is ready to finance renewable energy projects with Ukrgasbank. “Cynosure will be able to provide insurance coverage and fin...
Joint China-Ukraine nuclear energy research projects are discussed by Igor Sikorsky Kyiv Polytechnic Institute and the China National Nuclear Corporation, Joint China-Ukraine nuclear energy research projects are discussed by Igor Sikorsky Kyiv Polytechnic Institute and the China National Nuclear Corporation, the Kyiv university reported Wednesday. Hao S...
Economic nationalists complain that Chinese lending will be tied to the purchase of Chinese turbines. Economic nationalists complain that Chinese lending will be tied to the purchase of Chinese turbines. Viktor Halasiuk, chairman of the Rada committee on industrial policy, argues that Kharkiv’s Turboa...
The EUR 500 million in EU aid came to Ukraine this week in the form of a loan at an annual rate of 1.25%, with maturity in April 2033 The EUR 500 million in EU aid came to Ukraine this week in the form of a loan at an annual rate of 1.25%, with maturity in April 2033, the Finance Ministry reports. Dragon Capital writes: “Despite the...
Ukraine’s 91 fishing companies on the Sea of Azov will not be able to fish next year because Russia has not agreed with Ukraine on fishing quotas for 2019 Ukraine’s 91 fishing companies on the Sea of Azov will not be able to fish next year because Russia has not agreed with Ukraine on fishing quotas for 2019, Ukraine’s State Fisheries Agency tells Ukrin...
Since the start of the marketing year in July, Ukraine has exported 21 million tons of grains. Since the start of the marketing year in July, Ukraine has exported 21 million tons of grains. Dragon Capital writes: “We estimate grain exports in 2018/19 marketing year may also hit a new annual rec...
Electronic auctions for leases of state farmland are doubling rents Electronic auctions for leases of state farmland are doubling rents, reports Maxim Martynyuk, the new Agriculture Minister. Since October, the government has auctioned land lease rights through two el...
Almost three-quarters of the land of Ukraine is now recorded in the digital database of the State Land Cadaster Almost three-quarters of the land of Ukraine is now recorded in the digital database of the State Land Cadaster, or Goskhokadastra, reports Minister Martynyuk. With this digital real estate record exp...
Lenna Koszarny, Chief Executive Officer of Horizon Capital, has been elected the new Chair of the American Chamber of Commerce in Ukraine. Lenna Koszarny, Chief Executive Officer of Horizon Capital, has been elected the new Chair of the American Chamber of Commerce in Ukraine. Koszarny, a founding partner of Horizon, succeeds in the one-...
KPMG, one of the Big Four auditors, is expanding its presence in Ukraine. KPMG, one of the Big Four auditors, is expanding its presence in Ukraine. From a staff of 400 in 2016, its Kyiv office has expanded to 600 today, taking over a second floor of the Senator Business Cen...
While traveling abroad Ukrainians increased their use of credit and bank cards by 55% this year over last year While traveling abroad Ukrainians increased their use of credit and bank cards by 55% this year over last year, according to research by Mastercard. Similarly, contactless payments from digital wallet...
First Ukraine-Saudi flights in 2019? First Ukraine-Saudi flights in 2019? Ukraine’s Aviation Administration has approved UIA’s applications to fly seven times a week from Kyiv Boryspil to Riyadh, Saudi Arabia’s capital. In addition, it a...
New Kyiv-Iraq flights in 2019. The Aviation agency also granted “Jonik Airlines” permission to fly from Kyiv to Iraq’s capital, Baghdad, and to two cities in Iraqi Kurdistan, Erbil and Sulaymaniyah New Kyiv-Iraq flights in 2019. The Aviation agency also granted “Jonik Airlines” permission to fly from Kyiv to Iraq’s capital, Baghdad, and to two cities in Iraqi Kurdistan, Erbil and Sulaymaniyah. C...
Kyiv’s Boryspil Airport has handled 1 million passengers a month this year, up 19% over last year’s levels. Kyiv’s Boryspil Airport has handled 1 million passengers a month this year, up 19% over last year’s levels. Through November, Ukraine’s largest airport handled 11.7 million passengers. In November, tr...
Ukrgasbank is seeking a $500 million Chinese loan to buy four Chinese turbines and the necessary engineering skills to complete a Soviet-era hydroelectric project on the Dniester River, Ukrgasbank is seeking a $500 million Chinese loan to buy four Chinese turbines and the necessary engineering skills to complete a Soviet-era hydroelectric project on the Dniester River, near Moldova. ...
The EU has transferred to Ukraine EUR 500 million The EU has transferred to Ukraine EUR 500 million, the first half of EUR 1 billion in financial aid approved last summer. Valdis Dombrovskis, the Latvian politician who is the European Commission’s vi...
The sale of Centrenergo, the only major state company scheduled for privatization this year, has been canceled The sale of Centrenergo, the only major state company scheduled for privatization this year, has been canceled, Vitaly Trubarov, head of the State Property Fund, announced Tuesday afternoon. There was...
Although the government plans on $600 million in revenue from large privatizations in 2019, analysts say it will be hard in a year with two elections to privatize large, socially sensitive state companies like Centrenergo Although the government plans on $600 million in revenue from large privatizations in 2019, analysts say it will be hard in a year with two elections to privatize large, socially sensitive state compa...
Privatization of ‘small’ state properties – under $9 million – are to continue Privatization of ‘small’ state properties – under $9 million – are to continue. Since August, sales through ProZorro.Sales, the electronic auction platform, have brought the state about $15 million. S...
The goal of Russia’s “de facto blockade of Berdyansk and Mariupol” is to “economically suffocate Azov and eastern Ukraine,” The goal of Russia’s “de facto blockade of Berdyansk and Mariupol” is to “economically suffocate Azov and eastern Ukraine,” says Michael Carpenter, senior director of the Biden Center for Diplomacy an...
Ten bills before the US Congress target Russia’s energy sector Ten bills before the US Congress target Russia’s energy sector, Francis R. Fannon
Martial law is dampening an already quiet investment period leading up to the March 31 presidential election Martial law is dampening an already quiet investment period leading up to the March 31 presidential election, according to foreign business participants — all long time Kyiv residents — in...
“For people who are outside, they definitely are not coming [to Ukraine],” “For people who are outside, they definitely are not coming [to Ukraine],” Ivan Svitek, a Czech who is general manager of Alfa Bank Ukraine, told a Tiger panel. “Roadshows are not taking place. I can’...
Orders for electric trucks from the Bohdan Motors factory “are exceeding the capacity of the company 3 to 4 times Orders for electric trucks from the Bohdan Motors factory “are exceeding the capacity of the company 3 to 4 times,” said Infrastructure Minister Volodymyr Omelyan, who last month visited the factory i...
On Tuesday, German’s automotive company Daimler AG announced plans to order EUR 20 billion worth of car batteries by 2030 On Tuesday, German’s automotive company Daimler AG announced plans to order EUR 20 billion worth of car batteries by 2030. By 2022, the company plans to make electric versions of all 122 models of its...
Uzbekistan, the largest importer of Ukrainian sugar, has resumed imports of sugar and drugs from Ukraine Uzbekistan, the largest importer of Ukrainian sugar, has resumed imports of sugar and drugs from Ukraine, reports Ruslana Butyl, head analyst for Ukrtsukor, the National Association of Sugar Producers...
The Viking shuttle container train connecting the Baltic Sea to the Black Sea is carrying 40% more containers this year The Viking shuttle container train connecting the Baltic Sea to the Black Sea is carrying 40% more containers this year, matching a similar increase last year, Paulius Grubinskas, representative of Li...
By tracking millions of movements of Ukrainian SIM card owners, aviation consultants built the case last year for Ryanair and Wizz Air to enter the Ukrainian market By tracking millions of movements of Ukrainian SIM card owners, aviation consultants built the case last year for Ryanair and Wizz Air to enter the Ukrainian market and to expand across the country in...
Russia is delaying 104 ships at the Kerch Strait Russia is delaying 104 ships at the Kerch Strait, Oleg Slobodyan, spokesman for Ukraine’s Border Service, reported for Monday. “The Russian Federation passes only a few vessels going to Ukrainian port...
A Belavia Boeing 737 hit Boryspil’s runway lights in thick fog Sunday night, causing 11 flights to be redirected to other airports A Belavia Boeing 737 hit Boryspil’s runway lights in thick fog Sunday night, causing 11 flights to be redirected to other airports – Kyiv Sikorsky (Zhuliany), Kharkiv, and Odesa. Three international f...
French container shipping giant CMA CGM will invest EUR 20 million to upgrade the container terminal at Odesa port French container shipping giant CMA CGM will invest EUR 20 million to upgrade the container terminal at Odesa port, Infrastructure Minister Volodymyr Omelyan writes on Facebook. Omelyan writes “an inv...
Canada’s Bombardier plans to join France’s Alstom, China’s CRRC and Czech’s Skoda in competing in a tender next year to supply electric locomotives to Ukrzaliznytsia, Canada’s Bombardier plans to join France’s Alstom, China’s CRRC and Czech’s Skoda in competing in a tender next year to supply electric locomotives to Ukrzaliznytsia, Infrastructure Minister Volodymyr...
The central banks of China and Ukraine have renewed for three years a 15 billion yuan — $2.2 billion – currency swap agreement. The central banks of China and Ukraine have renewed for three years a 15 billion yuan — $2.2 billion – currency swap agreement. In Beijing, Yakiv Smoliy, governor of the National Bank of Ukraine...
With China building east-west transportation links, Ukraine’s Infrastructure Ministry proposed two Black Sea projects With China building east-west transportation links, Ukraine’s Infrastructure Ministry proposed two Black Sea projects at a recent meeting in Brussels of the EU-China Joint Platform. Viktor Dovhan, dep...
Chinese news agency Xinhua gave extensive coverage of last Friday’s celebrations of the 100th anniversary of Ukraine’s National Academy of Sciences Chinese news agency Xinhua gave extensive coverage of last Friday’s celebrations of the 100th anniversary of Ukraine’s National Academy of Sciences and the 100th birthday of its long serving pre...
Two months ago, the top leadership of Guangdong Academy of Sciences visited Two months ago, the top leadership of Guangdong Academy of Sciences visited Kyiv and hailed the creation in that southern Chinese city of the China-Ukraine Evgeniy O. Paton Electric Welding Institute....
California-based Snap Inc. has bought Teleport Future Technologies, a Ukrainian startup famous for its app that allows users to digitally paint their hair different colors California-based Snap Inc. has bought Teleport Future Technologies, a Ukrainian startup famous for its app that allows users to digitally paint their hair different colors. When Teleport launched the ...
Ukraine poultry export earnings are up by one third, to $472 million Ukraine poultry export earnings are up by one third, to $472 million, through November, compared to the first 11 months of last year. In volume, exports are up 22%, to 304,000 tons. Last year, Ukraine...
Ukraine’s annual inflation was 10% for the 12 months through November Ukraine’s annual inflation was 10% for the 12 months through November, the Statistics Service reports. November’s monthly inflation was 1.4%, down from 1.7% in October and 1.9% in September. Highest i...
Starting in July 2019, Ukrainians will be taxed on packages received from abroad with values over EUR 100. Starting in July 2019, Ukrainians will be taxed on packages received from abroad with values over EUR 100. Signed into law by President Poroshenko on Monday, the new law is designed to curb tax-free o...
