Martial law will have little impact on the economy Martial law will have little impact on the economy was the consensus view of experts interviewed Monday by UNIAN, Ukrinform and Interfax-Ukraine. Yakiv Smolii, governor of the National Bank of Ukraine...
Russia reopened the Kerch Strait to civilian shipping on Monday, Russia reopened the Kerch Strait to civilian shipping on Monday, Ukraine’s Sea Ports Administration reported. As of Monday morning, 30 freighters were waiting to pass through the strait – half going t...
The US, the EU and Germany made stiff demands Monday on Russia to restore freedom of navigation to the Sea of Azov The US, the EU and Germany made stiff demands Monday on Russia to restore freedom of navigation to the Sea of Azov. At an emergency session of the UN Security Council, Nikki Haley, the US representati...
Steelmaker Metinvest, the main shipper through the Kerch Strait, started earlier this year to send exports out of Mariupol via rail. Steelmaker Metinvest, the main shipper through the Kerch Strait, started earlier this year to send exports out of Mariupol via rail. As of September the rail:sea ratio was about 50:50, Oleksandr Lyuba...
Underlining the economic importance of freedom of shipping for Ukraine’s Sea of Azov ports Underlining the economic importance of freedom of shipping for Ukraine’s Sea of Azov ports, Ukraine’s exports of pig iron were up 58%, to $794 million for 2.3 million tons, through September. During t...
Westinghouse is ready to provide 100% of nuclear fuel needed for Ukrainian nuclear power plants Westinghouse is ready to provide 100% of nuclear fuel needed for Ukrainian nuclear power plants, Energy and Mines Minister Igor Nasalyk said Monday after meeting in Kyiv with representatives of the US...
With this year’s grain and oilseed production expected to hit a record 92 million tons, the industry goal of 100 million tons can be reached by 2022 With this year’s grain and oilseed production expected to hit a record 92 million tons, the industry goal of 100 million tons can be reached by 2022, if not before, Mykola Gorbachev, president of the ...
Grain exports have doubled in the last five years Grain exports have doubled in the last five years, hitting 44 million tons this year, Maxim Striletsky, spokesman for the Maritime Administration, tells Ukrinform. This year, new grain terminals have ...
Ukrainian farmers have harvested a record 68 million tons of grain so far this year Ukrainian farmers have harvested a record 68 million tons of grain so far this year. This harvest is boosted by corn yields hitting 7.8 tons per hectare, closing the gap with US yields of 11 tons per ...
Oil seed yields are up by even more. Oil seed yields are up by even more. Sunflower yield rose 13.4% yoy to 2.3 tons per hectare. Soybean yield rose 34% yoy to 2.6 tons per hectare.
Through October, Ukraine’s farm production is up 9% yoy. Through October, Ukraine’s farm production is up 9% yoy. In October, ag production was up 28.5% yoy. Crop production, the main driver, was up 12.2% yoy through October. In contrast, animal farming lev...
Ukraine-Moldova trade is up 40% and on track to hit $1 billion this year in one of Ukraine’s fastest growing trade relationships Ukraine-Moldova trade is up 40% and on track to hit $1 billion this year in one of Ukraine’s fastest growing trade relationships, Prime Minister Groysman said after meeting visiting Moldovan Prime Min...
Ukrainian travel to Egypt surged by 44% during the first half of this year Ukrainian travel to Egypt surged by 44% during the first half of this year, making it the Egypt’s second largest source of inbound tourists, after Germans. Egypt now rivals Turkey, with each country d...
A Russian-free vacation may be attractive for some Ukrainians. A Russian-free vacation may be attractive for some Ukrainians. There have been no direct flights between Russia and Egypt’s Sinai resorts since the Oct. 2015 bombing of a Russia-bound charter plane. U...
The new KFC restaurant on the Maidan remained closed through the weekend The new KFC restaurant on the Maidan remained closed through the weekend, a sequel to the misfire by Varus, the Dnipro-based Yum! franchisee which chose the 5th anniversary date of the Maidan protest ...
Russia closed the Kerch Strait to merchant shipping on Sunday Russia closed the Kerch Strait to merchant shipping on Sunday. By anchoring a freighter across the central arch of the six-month-old bridge, Russia traps ships inside the Sea of Azov, a binational sea...
The closing came after Ukraine’s Navy said a Russian FSB coast guard boat, the Don, rammed a Ukrainian Navy tugboat, damaging its engine and hull The closing came after Ukraine’s Navy said a Russian FSB coast guard boat, the Don, rammed a Ukrainian Navy tugboat, damaging its engine and hull. Later, the Navy says, Russian warships fired at the t...
Russia’s attacks on freedom of shipping in the Azov are expected speed up EU plans for “targeted measures” against Russia. Russia’s attacks on freedom of shipping in the Azov are expected speed up EU plans for “targeted measures” against Russia. Last week, the EU Foreign Affairs Council discussed in Brussels its “preoccup...
Since President Putin inaugurated the bridge last May, Russian coast guard vessels have constantly harassed Ukraine-bound shipping in the Azov Since President Putin inaugurated the bridge last May, Russian coast guard vessels have constantly harassed Ukraine-bound shipping in the Azov. As steel makers and grain traders seek alternatives, car...
Last week, Russian border guards detained a Ukrainian fishing boat Last week, Russian border guards detained a Ukrainian fishing boat and impounded it in the Russian port of Yeysk, about 60 km southeast of Mariupol. A local court ruled to confiscate the vessel, fishi...
Prime Minister Groysman flies to Berlin Wednesday to open the Germany-Ukraine Business Forum on Thursday with Chancellor Angela Merkel Prime Minister Groysman flies to Berlin Wednesday to open the Germany-Ukraine Business Forum on Thursday with Chancellor Angela Merkel. In advance, he spoke with the Germany weekly Die Zeit about ener...
In the $40 billion state budget approved Friday, spending is to rise by 12% over last year, with revenues forecast to grow also by 12%. In the $40 billion state budget approved Friday, spending is to rise by 12% over last year, with revenues forecast to grow also by 12%. Spending growth was curbed by cutting utility subsidies and by h...
Next year, Ukraine has to repay $15 billion in foreign and domestic debt Next year, Ukraine has to repay $15 billion in foreign and domestic debt, Finance Minister Oksana Markarova told reporters on Friday. This high level of debt repayments comes from the debt refinancing...
The chances of the government raising $600 million from sales of state companies are ‘quite high,’ The chances of the government raising $600 million from sales of state companies are ‘quite high,’ Finance Minister Oksana Markarova told reporters Friday when questioned about the line item in the 20...
From small-scale sales, Ukraine has raised $15 million through 270 successful auctions held since August From small-scale sales, Ukraine has raised $15 million through 270 successful auctions held since August. The State Property Fund expects to raise an additional $60 million through the sales 1,243 add...
Non-cash payments account for 44.3% of recorded transactions Non-cash payments account for 44.3% of recorded transactions, up by 13% from the level at the start of the year, reports the National Bank of Ukraine. Online shopping accounted for 35% of the 2.8 bill...
Ukraine’s network of payment terminals has grown by 14% yoy, to 263,5000 Ukraine’s network of payment terminals has grown by 14% yoy, to 263,5000, reports the central bank. Of these, 78% allow contactless payments, generally with smart phones. For cards, MasterCard reports...
Electric car imports will be exempt from VAT and excise tax through 2020, Electric car imports will be exempt from VAT and excise tax through 2020, under a law adopted Friday by the Rada. Through October, 4,214 electric cars were sold in Ukraine, accounting for about 5% of ...
Ukraine’s three electric charger companies – Elecar, TOKA and VLS Energy – are moving into the EU market, Ukraine’s three electric charger companies – Elecar, TOKA and VLS Energy – are moving into the EU market, the Kyiv Post reports. Zaporizhia-based Elecar is selling its car chargers in Poland. VLS, ano...
Hungary’s New Work Serviced Offices makes its first expansion from Central Europe to Eastern Europe, opening a co-working space on the third floor of Globus 2 shopping center on Kyiv’s Independence Square. Hungary’s New Work Serviced Offices makes its first expansion from Central Europe to Eastern Europe, opening a co-working space on the third floor of Globus 2 shopping center on Kyiv’s Independence Sq...
For comments and story tips, Brooke is reachable at: For comments and story tips, Brooke is reachable at: jbrooke@ubn.news
A key Rada committee — Tax and Customs – recommended approval of the draft 2019 budget as the Parliament worked into early Friday morning toward a full vote A key Rada committee — Tax and Customs – recommended approval of the draft 2019 budget as the Parliament worked into early Friday morning toward a full vote on the document. The government is pu...
Four months after Oksana Markarova was appointed Finance Minister, the Rada voted Thursday evening to confirm her in the post. Four months after Oksana Markarova was appointed Finance Minister, the Rada voted Thursday evening to confirm her in the post. In the same session, Ukraine’s parliament voted to accept the 18-month-ol...
Ukraine’s Bogdan Corporation unveiled Thursday an electric garbage truck Ukraine’s Bogdan Corporation unveiled Thursday an electric garbage truck, commissioned by Denmark’s Banke Electromotive. Capable of speeds of 80 km/hour with a range of 220 km without recharging, Ukra...
Electric shuttle bus service starts soon at Boryspil airport Electric shuttle bus service starts soon at Boryspil airport, noted Infrastructure Minister Volodymyr Omelyan who attended the unveiling in Lutsk. He said: “We are gradually refuting the widespread op...
A European Vega rocket with a Ukrainian engine launched a Moroccan earth remote sensing satellite A European Vega rocket with a Ukrainian engine launched a Moroccan earth remote sensing satellite into a sun-synchronous earth orbit on Wednesday. The launch from France’s Guiana Space Center was abou...
Chicken sales boosted Ukraine’s meat exports by 21% in value Chicken sales boosted Ukraine’s meat exports by 21% in value yoy through September to $479 million, reports the Institute of Agrarian Economics. Poultry exports were up 29%, to $381 million.
Singapore’s Agrocorp has opened a Ukraine office in Kyiv Singapore’s Agrocorp has opened a Ukraine office in Kyiv. With offices in 22 countries, Agrocorp trades wheat, oilseeds, beans, sugar, and nuts. It has eight food processing plants, in Canada and thre...
Foreign companies are invited to bid in a series of nine tenders to dredge Ukraine’s major Black Sea ports Foreign companies are invited to bid in a series of nine tenders to dredge Ukraine’s major Black Sea ports and Danube channels, Infrastructure Minister Volodymyr Omelyan tells the industry news site, ...
Poor PR: Pepsico’s KFC stumbled Wednesday Poor PR: Pepsico’s KFC stumbled Wednesday by opening its fried chicken restaurant in Kyiv’s renovated Trade Unions Building on the anniversary of the start of the EuroMaidan. During the three-month pr...
Kyiv’s first scheduled flights to Sicily and to the Canary Islands Kyiv’s first scheduled flights to Sicily and to the Canary Islands are among new flights announced by SkyUp a new Ukrainian low cost airline which has three Boeings based at Kyiv Sikorsky. In late Dec...
With four discount airlines vying for passengers – Ryanair, Wizz Air, Italy’s Ernest Airlines, and now Ukraine’s SkyUp With four discount airlines vying for passengers – Ryanair, Wizz Air, Italy’s Ernest Airlines, and now Ukraine’s SkyUp — Ukraine International Airlines, the national flag carrier, warns there wi...
Boryspil airport managers caution that ‘an avalanche-growth’ in air traffic will only happen when Ukrainians get more spending money. Boryspil airport managers caution that ‘an avalanche-growth’ in air traffic will only happen when Ukrainians get more spending money. “It’s too early to talk about the avalanche-like growth of the avi...
Ukrainians can now visit Thailand visa-free for 30 days. Ukrainians can now visit Thailand visa-free for 30 days. As part of the liberalization last week, Thailand dropped a $60 visa fee for Ukrainians. About 70,000 Ukrainians are to visit Thailand this yea...
With the Rada expected to renew the ban on the sale of farm land in December With the Rada expected to renew the ban on the sale of farm land in December, Ganna Yudkivska, Ukraine’s judge of the European Court of Human Rights, urges the government to extend property rights to ...
Predicting steady growth in tourists from China Predicting steady growth in tourists from China, Ukraine’s Reikartz hotel chain has started a ‘Chinese friendly program’ – translation services, information cards in hotel rooms printed in Chinese, Ch...
“Kiev’s beautiful cathedrals and monasteries “Kiev’s beautiful cathedrals and monasteries spill out onto cobblestone streets and abundant green spaces and parks,” recent visitor Patti Morrow, American travel writer, enthuses in her blog ‘Luggage...
Wizz Air plans to invest $2.5 billion in Ukraine through 2025, basing 20 new Airbus jets in Ukraine and boosting traffic here to 6 million passengers Wizz Air plans to invest $2.5 billion in Ukraine through 2025, basing 20 new Airbus jets in Ukraine and boosting traffic here to 6 million passengers, Josef Varadi, the airline’s CEO promised Presiden...
Planning to fly domestic routes in Ukraine Planning to fly domestic routes in Ukraine, Wizz Air plans to reopen in 2019 its local subsidiary, Wizz Air Ukraine. The Budapest-based carrier closed this unit in 2015 after Russia’s military attacks...
Already the largest airline in Kharkiv, Lviv and Kyiv Sikorsky, Wizz Air will add flights next year from each airport to Krakow, Poland. Already the largest airline in Kharkiv, Lviv and Kyiv Sikorsky, Wizz Air will add flights next year from each airport to Krakow, Poland. With this expansion, Wizz Air will have direct flights from Kha...
