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...
Ukraine could stay out of Eurobond markets in 2019 if Kyiv manages to raise enough IMF, World Bank, and EU financing Ukraine could stay out of Eurobond markets in 2019 if Kyiv manages to raise enough IMF, World Bank, and EU financing, a senior debt official tells Reuters in London. After last month’s failed launch o...
The IMF Board of Directors will meet on Tuesday, Dec. 18 The IMF Board of Directors will meet on Tuesday, Dec. 18 in Washington to vote on the $3.9 billion, 14-month standby financing program for Ukraine. Clearing one hurdle, President Poroshenko signed on ...
Ukraine’s software startup GitLab raised $20 million from Goldman Sachs Ukraine’s software startup GitLab raised $20 million from Goldman Sachs in its latest investment round, the company reports. The GitLab platform allows large groups of programmers to all work on the s...
France’s CEETRUS opens on Friday Lviv’s third Auchan store since 2010. France’s CEETRUS opens on Friday Lviv’s third Auchan store since 2010. Located in northern Lviv, on Chornovola Avenue, the hypermarket will complement two other Auchan stores in Lviv, both in the city...
Five companies – all foreign – have been selected by the EBRD to participate in the second round of a tender to build a waste recycling plant in Lviv Five companies – all foreign – have been selected by the EBRD to participate in the second round of a tender to build a waste recycling plant in Lviv, the City Council reports. Vadim Nozdry, director ...
S&P Global Platts told its international energy investor audience on Friday of Ukraine’s “landmark” plan to auction 10 lots in March for oil and gas exploration S&P Global Platts told its international energy investor audience on Friday of Ukraine’s “landmark” plan to auction 10 lots in March for oil and gas exploration. The energy news service noted: “Uk...
The opening of the Kerch Strait bridge resulted in a 20% reduction in the heights of ships able to enter the Azov and a 31% reduction in cargo weights The opening of the Kerch Strait bridge resulted in a 20% reduction in the heights of ships able to enter the Azov and a 31% reduction in cargo weights, Aleksandr Oleynik, Mariupol port director, tells...
About 140 ships were awaiting Russian permission to pass through the Kerch Strait as of Friday morning, About 140 ships were awaiting Russian permission to pass through the Kerch Strait as of Friday morning, Ukraine’s border service reports. Delays cost $10-50,000 a day per ship, Infrastructure Minister...
By 2030, Ukraine’s Sea Ports Authority plans to get out of the stevedoring business and hand cargo handling work to private companies, through concessions or public private partnerships, Raivis Veckagans, Authority CEO, By 2030, Ukraine’s Sea Ports Authority plans to get out of the stevedoring business and hand cargo handling work to private companies, through concessions or public private partnerships, Raivis Veckag...
Ukraine plans to spend $2 billion next year to repair and rebuild roads, a record amount since independence in 1991 Ukraine plans to spend $2 billion next year to repair and rebuild roads, a record amount since independence in 1991, Prime Minister Groysman told the Rada on Friday. Addressing representatives of all ...
Ukrainian Railways and Hungarian Railways MÁV inaugurated yesterday a daily, dedicated Mukachevo-Budapest train Ukrainian Railways and Hungarian Railways MÁV inaugurated yesterday a daily, dedicated Mukachevo-Budapest train. Hungarian European gauge locomotives and passenger cars now ply the 6-hour route, which...
“We have big plans for Mukachevo,” “We have big plans for Mukachevo,” Evhen Kravtsov, CEO of Ukrzaliznytsia. writes on Facebook. With rail travel from Ukraine to the EU running at double last year’s levels, Ukrzaliznytsia is negotiatin...
Details of $75 million in company investments to upgrade Mykolaiv port, Ukraine’s second busiest, has been released by the Sea Ports Authority Details of $75 million in company investments to upgrade Mykolaiv port, Ukraine’s second busiest, has been released by the Sea Ports Authority. Companies owned by Leonid Kryuchkov will invest $43 mill...
Mykolaiv’s Okean shipyard was sold at auction Monday, for $4.3 million, barely one tenth the asking price of $41.1 million Mykolaiv’s Okean shipyard was sold at auction Monday, for $4.3 million, barely one tenth the asking price of $41.1 million. Iryna Serbin, the liquidator, reports that Annona Trading House bought the s...
Mriya agricultural holding is closing its office in Podil, Kyiv, transferring employees to offices in Ternopil and Lviv. Mriya agricultural holding is closing its office in Podil, Kyiv, transferring employees to offices in Ternopil and Lviv. The company reports: “In connection with the successful completion of the debt ...
Hungarian and Ukrainian officials plan to improve transit links between Budapest and Western Ukraine next year Hungarian and Ukrainian officials plan to improve transit links between Budapest and Western Ukraine next year. One priority is the launch of the Mukachevo-Budapest train. Another is start a Lviv-Buda...
The first oil and gas production sharing agreements – long awaited by foreign investors – should go for auction by February The first oil and gas production sharing agreements – long awaited by foreign investors – should go for auction by February, Maxim Nefyodov, first Deputy Minister of Economic Development and Trade tel...
The first 10 oil and gas permits were posted Thursday on the government’s electronic auction platform ProZorro.Sales The first 10 oil and gas permits were posted Thursday on the government’s electronic auction platform ProZorro.Sales. Nine of the permits are for exploration and production, for 20 years. One is for e...
Martial law is damaging international perceptions of Ukraine’s economy, Concorde Capital reports. Martial law is damaging international perceptions of Ukraine’s economy, Concorde Capital reports. Several foreign companies have already postponed their 2019 investment plans for Ukraine, according to...
Concorde CEO Igor Mazepa wrote last week in Pravda.com.ua news site that economic losses could be as high as $500 million Concorde CEO Igor Mazepa wrote last week in Pravda.com.ua news site that economic losses could be as high as $500 million. Oleksandr Danylyuk, the former finance minister, warns that the martial law t...
China’s Bohai Commodity Exchange Co., or BOCE, has won approval from Ukraine’s Antimonopoly Committee to buy 25% of Kyiv’s PFTS Stock Exchange China’s Bohai Commodity Exchange Co., or BOCE, has won approval from Ukraine’s Antimonopoly Committee to buy 25% of Kyiv’s PFTS Stock Exchange. Operator of an online spot-trading platform, BOCE was fo...
‘Black Friday’ sales of appliances and electronics were up 1.5 times over the same discount last year ‘Black Friday’ sales of appliances and electronics were up 1.5 times over the same discount last year. This year, from Nov. 19 to 25, sales amounted to nearly $90 million, according to GfK Ukraine whi...
Some commercial real estate – offices, warehouses and retail – could double in price in the next three years, Some commercial real estate – offices, warehouses and retail – could double in price in the next three years, Oleksandr Nosachenko, Managing Director of Colliers International in Ukraine, tells Interf...
Ukraine’s security service says it thwarted a ‘massive’ cyberattack on the country’s court system. Ukraine’s security service says it thwarted a ‘massive’ cyberattack on the country’s court system. Known as the SBU, the service blamed Russia for the attempt. In a statement Tuesday, the SBU sa...
Also on Tuesday, Ukraine was caught in a Europe-wide blackout of Facebook service Also on Tuesday, Ukraine was caught in a Europe-wide blackout of Facebook service. Across Europe, users have logged out of their the social network accounts, and had trouble logging back in, according...
Nibulon, the grain trader, plans to build its 12th port on the Nibulon, the grain trader, plans to build its 12th port on the Dnipro at the Kherson region village of Oleksandrivka, midway between Kherson and Mykolaiv cities. Located on the Dnipro Gulf, near the c...
Without specifying the cost, Nibulon CEO Alexey Vadatursky said Without specifying the cost, Nibulon CEO Alexey Vadatursky said: “This port is a great prospect for the development of the entire Kherson region. This is an extremely difficult task and very large inv...
State gas producer UkrGazVydobuvannya opened in November its fourth field in Kharkiv region this year. State gas producer UkrGazVydobuvannya opened in November its fourth field in Kharkiv region this year. Using Schlumberger’s Petrel software to model the field, UGV estimates recoverable gas to be 3.7 ...
A regular China-Poland container train will travel through Ukraine next year, A regular China-Poland container train will travel through Ukraine next year, Infrastructure Minister Volodymyr Omelyan and Polish Infrastructure Minister Andrzej Adamczyk told reporters in Kyiv Wedne...
With train passenger traffic to Poland running at double last year’s numbers, Ukrzaliznytsia plans to open two new rail routes next year to Eastern Poland With train passenger traffic to Poland running at double last year’s numbers, Ukrzaliznytsia plans to open two new rail routes next year to Eastern Poland: Lviv-Lublin, about 250 km, and Nizhankovychi...
Since Friday, Ukrainian border guards have barred admittance to over 600 Russians, mostly men Since Friday, Ukrainian border guards have barred admittance to over 600 Russians, mostly men, Petro Tsyhykal, head of the border guard service, tells UATV. On Nov. 30, as part of the one-month martia...
With the ‘ban on Russian men’ well publicized inside Russia, the flow of Russians into Ukraine since Friday has dropped by two thirds With the ‘ban on Russian men’ well publicized inside Russia, the flow of Russians into Ukraine since Friday has dropped by two thirds, Tsyhykal said. In reprisal, Russia has been barring Ukrainians, “...
Germany’s Ambassador to Ukraine does not see the EU applying new economic sanctions on Russia for the Kerch Strait naval attack. Germany’s Ambassador to Ukraine does not see the EU applying new economic sanctions on Russia for the Kerch Strait naval attack. “There is no consensus to go ahead with sanctions,” Ernst Reichel, the ...
Ukraine’s two ports on the Sea of Azov have moved to four-day work weeks and have cut staff, Ukraine’s two ports on the Sea of Azov have moved to four-day work weeks and have cut staff, Infrastructure Minister Volodymyr Omelyan posts on Facebook. Before the Russian inspection policy started s...
With the EU Council to vote next week on renewing Ukraine-related economic sanctions against Russia With the EU Council to vote next week on renewing Ukraine-related economic sanctions against Russia, Kyiv’s New Europe Center has produced a study indicating that the economic price paid by the EU amo...
Ten days into martial law, Dragon Capital sees minor impact on business: Ten days into martial law, Dragon Capital sees minor impact on business: “The martial law, while coming as a negative surprise, will have limited adverse impact on the economy, in our view. The F/X ma...
Clearing a hurdle for billions of dollars in IMF and World Bank aid, Rada Speaker Andriy Parubiy signed the 2019 state budget on Wednesday Clearing a hurdle for billions of dollars in IMF and World Bank aid, Rada Speaker Andriy Parubiy signed the 2019 state budget on Wednesday. He tweeted: “This guarantees us the macro financial support ...
Addressing solar and wind energy, a hot spot for foreign investment, the Rada is to review today a draft bill that would start in 2020 an auction system for ‘green energy.’ Addressing solar and wind energy, a hot spot for foreign investment, the Rada is to review today a draft bill that would start in 2020 an auction system for ‘green energy.’ Under the bill, approved Tu...
With question marks hanging over green tariffs after Dec. 31, 2019, “the whole industry is under threat of stopping,” With question marks hanging over green tariffs after Dec. 31, 2019, “the whole industry is under threat of stopping,” Alexei Orzhel, chairman of the Ukrainian Association of Renewable Energy, tells UN...
Discreet NATO military pressure on Russia may have helped to ‘partially’ restore freedom of shipping in the Azov Discreet NATO military pressure on Russia may have helped to ‘partially’ restore freedom of shipping in the Azov. On Monday, the Commander of the United States Army Europe and the Commander of the Can...
Overhead, high altitude US spy planes monitor the Azov and Black Seas Overhead, high altitude US spy planes monitor the Azov and Black Seas. In the Black Sea, NATO ships have extended their tours by 50%, to 120 days, NATO Secretary General Jens Stoltenberg tells a Bruss...
Russia also may be on the defensive as leading German conservatives start to question Nord Stream 2 Russia also may be on the defensive as leading German conservatives start to question Nord Stream 2, the $9 billion Russia to Germany gas pipeline. “There is no talk of stopping [gas] transit through ...
Russian gas shipments through Ukraine’s east-west pipeline are down 7.4% through November Russian gas shipments through Ukraine’s east-west pipeline are down 7.4% through November, compared to first 11 months of last year, reports Ukrtransgaz, the pipeline operator. Further cutting revenue...
For Ukraine’s consumption, gas imports are down 23% — by 3 billion cubic meters — For Ukraine’s consumption, gas imports are down 23% — by 3 billion cubic meters — through November, compared to the same period last year, Ukrtransgaz reports. Most of this gas – 93% ̵...
Almost two million Ukrainians work in Poland Almost two million Ukrainians work in Poland, Polish Foreign Minister Jacek Czaputowicz told the Ukrainian-Polish Partnership Forum. In addition, about 40,000 Ukrainians study at Polish universities. ...
With martial law, the roughly two million Ukrainians working in Russia should get more government attention With martial law, the roughly two million Ukrainians working in Russia should get more government attention, says Anatoly Kinakh, president of the Ukrainian Union of Industrialists and Entrepreneurs. ...
Last week’s declaration of martial law put minor pressure on the hryvnia Last week’s declaration of martial law put minor pressure on the hryvnia. This was contained by the National Bank of Ukraine selling $125 million in foreign exchange for Ukrainian currency, ICU bank r...
Sale of half of state-owned farmland would bring the state $12.4 billion Sale of half of state-owned farmland would bring the state $12.4 billion, says Dmitry Yablonovsky, deputy executive director of the Center for Economic Strategy. More government revenue would be gener...
