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...
To boost domestic air travel, a Dnipro Regional airport will be a public-private project, with the state building the runway and private investors building the terminal To boost domestic air travel, a Dnipro Regional airport will be a public-private project, with the state building the runway and private investors building the terminal, says Infrastructure Minister V...
President Poroshenko will visit Israel ‘in coming weeks’ to sign the Free Trade Agreement with Israel, President Poroshenko will visit Israel ‘in coming weeks’ to sign the Free Trade Agreement with Israel, Ukrinform reports, citing an interview with Foreign Minister Pavlo Klimkin in Austria. On Wednesd...
Implementation of 4G mobile service pushed Vodaphone Ukraine’s net Q3 profit down by 24% Implementation of 4G mobile service pushed Vodaphone Ukraine’s net Q3 profit down by 24% year over year, to $14 million, the company reports. The company’s Q3 revenue increased by 6.5%, to $118 millio...
Can Ukraine be a role model for the UK? “How a ‘Ukraine-plus’ Brexit deal could solve Theresa May’s problems” Can Ukraine be a role model for the UK? “How a ‘Ukraine-plus’ Brexit deal could solve Theresa May’s problems” is the title of an article in London’s The Conversation news site. Referring to Ukraine’s ...
Restoration of bank lending will the priority task for the National Bank of Ukraine in 2019 Restoration of bank lending will the priority task for the National Bank of Ukraine in 2019, Yakiv Smolii, governor of the central bank writes on Facebook. Lending will be facilitated by the Credit Re...
Low-floor trams are to be part of Kyiv’s landscape next year. Low-floor trams are to be part of Kyiv’s landscape next year. Dec. 17 is the deadline for bids to supply 20 trams in 2019. A European Investment Bank EUR 50 million loan is to cover most of the cost. ...
Snap Inc, owner of photo and messenging app Snapchat, has opened an office and a 50-person R&D unit in Kyiv’s UNIT.City, Snap Inc, owner of photo and messenging app Snapchat, has opened an office and a 50-person R&D unit in Kyiv’s UNIT.City, Maksym Yakover, CEO of the IT hub, writes on Facebook. With 186 million act...
Facebook should open an office in Ukraine, staffed with Ukrainian and Russian language speakers Facebook should open an office in Ukraine, staffed with Ukrainian and Russian language speakers trained to detect and expose Kremlin interference in the 2019 elections, recommends a joint panel of rep...
Within one decade, wind will outstrip coal, gas and nuclear, to become Europe’s single largest source of electricity Within one decade, wind will outstrip coal, gas and nuclear, to become Europe’s single largest source of electricity, says Joël Meggelaars, spokesman for WindEurope, a Brussels-based trade association...
Within five years, Ukraine is to have 1,200 MW of installed wind capacity Within five years, Ukraine is to have 1,200 MW of installed wind capacity, Meggelaars says. New investment will cross the Black Sea from Turkey, predicts Mustafa Serdar Ataseven, President, Turkish Wi...
The EBRD will not make new loans for solar projects until the Rada approves an electricity auction system The EBRD will not make new loans for solar projects until the Rada approves an electricity auction system, Olga Yeriomina, a senior banker for EBRD’s power and energy projects, tells the forum. The EB...
The Black Sea Trade and Development Bank may help finance construction of a 250 MW wind farm by SyvashEnergoProm LLC, a subsidiary of Norway’s NBT The Black Sea Trade and Development Bank may help finance construction of a 250 MW wind farm by SyvashEnergoProm LLC, a subsidiary of Norway’s NBT, the bank reports on its website. The EBRD is conside...
Finland is providing EUR 6 million for funding renewable energy projects in Ukraine Finland is providing EUR 6 million for funding renewable energy projects in Ukraine. Giving priority to Finnish companies, technologies and investments, the Finnish-Ukrainian Trust Fund will focus on ...
Ryanair, Europe’s largest airline, plans to invest $1.5 billion in Ukraine through 2023, increasing passenger traffic to 5 million and its all-Boeing fleet here to 15 Ryanair, Europe’s largest airline, plans to invest $1.5 billion in Ukraine through 2023, increasing passenger traffic to 5 million and its all-Boeing fleet here to 15, David O’Brien, the airline’s Chi...
Athens, Dublin, Manchester, Sofia and Paphos, Cyprus are new Athens, Dublin, Manchester, Sofia and Paphos, Cyprus are new destinations that Ryanair plans to serve next year from its base in Kyiv Boryspil. “In 2019, we plan to fly from Ukraine to 11 countries in...
“Maybe we will also fly from Italy to Ukraine,” “Maybe we will also fly from Italy to Ukraine,” O’Brien added, taking aim at Milan-based Ernest Air, which flies from Kyiv Sikorsky and Lviv to a total of seven Italian cities. Ryanair’s main competit...
Kharkiv, Kherson and Odesa airport directors are in talks with Ryanair Kharkiv, Kherson and Odesa airport directors are in talks with Ryanair about gaining flights next year, O’Brien confirmed. This winter, the airline is to increase its 450-jet fleet by 10%. “Then, we w...
To support this volume of business, Ryanair is talking with Kyiv Boryspil about setting up a jet service center at the airport To support this volume of business, Ryanair is talking with Kyiv Boryspil about setting up a jet service center at the airport, Ukraine’s busiest. An IT center also may be in the cards. O’Brien said: ...
Legalizing cars in Ukraine with foreign license plates will generate a one-time tax windfall of $35 million Legalizing cars in Ukraine with foreign license plates will generate a one-time tax windfall of $35 million, estimates the Cabinet of Ministers. Expected to come into effect in early 2019, the new law...
Five years after Kyiv’s last Metro station opened, Kyiv Metro signed a $241 million agreement Tuesday to build a 3-station northern extension to the Green Line. Five years after Kyiv’s last Metro station opened, Kyiv Metro signed a $241 million agreement Tuesday to build a 3-station northern extension to the Green Line. The first station, Mostytska, will be b...
Oil and gas production sharing agreements – key lures for foreign energy companies to come to Ukraine – will be announced in coming weeks by the Cabinet of Ministers Oil and gas production sharing agreements – key lures for foreign energy companies to come to Ukraine – will be announced in coming weeks by the Cabinet of Ministers, Yaroslav Petrov, an energy lawyer...
In its defense, state gas producer UkrGazVydobuvannya said it produces 75% of Ukraine’s gas, but holds only 38% of government-issued permits. In its defense, state gas producer UkrGazVydobuvannya said it produces 75% of Ukraine’s gas, but holds only 38% of government-issued permits. Oleg Prokhorenko, chairman of UGV, told the forum that sin...
Through September, Ukraine imported 25% less gas than during the same period last year, but ended up paying 25% more Through September, Ukraine imported 25% less gas than during the same period last year, but ended up paying 25% more, according to analysis of data from the State Statistics Service. Over the first ni...
Naftogaz’ failed Eurobond placement last week is clouding bond selling prospects of two other ‘quasi sovereigns’ – Ukrzaliznytsa and Ukreximbank – Naftogaz’ failed Eurobond placement last week is clouding bond selling prospects of two other ‘quasi sovereigns’ – Ukrzaliznytsa and Ukreximbank – Bloomberg writes in a report headlined: “Ukraine’s Bo...
Ukrainian farmers sour on sugar, Ukrainian farmers sour on sugar, as world prices lag at barely half the levels of two years ago. Next spring, the area planted in sugar beets could be down by 25%, according to Uktsukor, the National ...
Astarta, Ukraine’s largest sugar producer, reports its net income through September was down 80% yoy, to $17 million. Concorde Capital’s Alexander Paraschiy writes: Astarta, Ukraine’s largest sugar producer, reports its net income through September was down 80% yoy, to $17 million. Concorde Capital’s Alexander Paraschiy writes: “Weak sugar prices will unlikely al...
Indonesia’s Armed Forces plans to buy M4-WAC-47 assault rifles from Ukraine Indonesia’s Armed Forces plans to buy M4-WAC-47 assault rifles from Ukraine and is interested in Ukrainian drones, electronic warfare, and radio and radar detection and systems, including counter-batt...
Ukraine’s largest unfinished building, the Respublika shopping center in southern Kyiv, is to be auctioned Dec. 13 by the Deposit Guarantee Fund Ukraine’s largest unfinished building, the Respublika shopping center in southern Kyiv, is to be auctioned Dec. 13 by the Deposit Guarantee Fund, Focus magazine reports. The massive shopping center ne...
To create a strong airport for Ukraine’s southeast, Dnipropetrovsk politicians back a $35 million line item in the 2019 budget to start construction of Dnipro Regional Airport, To create a strong airport for Ukraine’s southeast, Dnipropetrovsk politicians back a $35 million line item in the 2019 budget to start construction of Dnipro Regional Airport, serving Dnipro and Zapo...
The presidents of Russia and Turkey inaugurated Monday the offshore section of the TurkStream pipeline The presidents of Russia and Turkey inaugurated Monday the offshore section of the TurkStream pipeline. Capable of carrying a total of 31.5 billion cubic meters of Russian gas a year, twin pipelines n...
As early as 2020, a new pipeline could run up through Bulgaria, Romania to Hungary As early as 2020, a new pipeline could run up through Bulgaria, Romania to Hungary. This could render redundant an existing pipeline that takes Russian gas through Ukraine to Romania and Bulgaria. “Tu...
None of the 10 European companies seeking a partnership role managing Ukraine’s massive pipeline system wants to actually buy or invest in the system, None of the 10 European companies seeking a partnership role managing Ukraine’s massive pipeline system wants to actually buy or invest in the system, Naftogaz CEO Andriy Kobolyev said Monday at A7’s ...
The EU wants Ukraine to remain a gas transit country, partly to diversify routes of gas supply to Europe and partly to strengthen Ukraine’s economy, The EU wants Ukraine to remain a gas transit country, partly to diversify routes of gas supply to Europe and partly to strengthen Ukraine’s economy, EU Ambassador Hugues Mingarelli told the forum. ...
With tensions high over freedom of shipping on the Azov, U.S. Secretary of State Mike Pompeo said in Washington on Friday With tensions high over freedom of shipping on the Azov, U.S. Secretary of State Mike Pompeo said in Washington on Friday: “United States will never accept Russia’s attempted annexation of...
Business — not just bullets – crosses the no man’s land between government-controlled Ukraine and the Russia-controlled section of the Donbas. Business — not just bullets – crosses the no man’s land between government-controlled Ukraine and the Russia-controlled section of the Donbas. Last Friday, 44,200 people in 5,600 vehicles pass t...
The government expects to pass the 2019 budget at the end of this week, a record early date for Ukraine. The government expects to pass the 2019 budget at the end of this week, a record early date for Ukraine. Then in the week of Dec. 3, the IMF Board is expected to consider approving the $3.9 billion, 1...
Dragon Capital writes Dragon Capital writes: “Prospects for the IMF Board to approve a new lending program by year end look increasingly likely.” Concorde Capital’s Alexander Paraschiy notes the 2.3% budget deficit meets I...
Analysts predict this first December tranche would be $1-1.4 billion. Analysts predict this first December tranche would be $1-1.4 billion. IMF board approval would also trigger release in December of a matching amount — $800 million World Bank money and EUR500 in...
The Kharkiv Tractor Plant, once the largest tractor plant in the Soviet Union, is to receive $100 million in investment The Kharkiv Tractor Plant, once the largest tractor plant in the Soviet Union, is to receive $100 million in investment, according to Oleksandr Yaroslavsky, owner of the DCH group, which owns the mass...
UkrGazVydobuvannia, responsible for 75% of the nation’s gas output, plans to build next year a $3 million, 3 MW solar power plant UkrGazVydobuvannia, responsible for 75% of the nation’s gas output, plans to build next year a $3 million, 3 MW solar power plant at its Shebelynka gas refinery, 80 km south of Kharkiv. UGV is under p...
Ukraine expects to export 90% of its 30 million ton bumper corn crop this year, largely to China, Egypt and the EU Ukraine expects to export 90% of its 30 million ton bumper corn crop this year, largely to China, Egypt and the EU, Mykola Horbachov, president of the Ukrainian Grain Association, tells Bloomberg. He ...
To promote Ukraine’s exports to China To promote Ukraine’s exports to China, Ukraine’s ‘Silk Link’ organization is to create a e-commerce platform with Ukrainian Bank for Reconstruction and Development, purchased last year by China’...
Ukrhydroenergo’s plan to spend $500 million on turbines from China, spurning turbines from Turboatom, is “economic idiocy” Ukrhydroenergo’s plan to spend $500 million on turbines from China, spurning turbines from Turboatom, is “economic idiocy” says Viktor Halasiuk, an economist who chairs the Rada’s committee on industr...
A Vancouver company, C21 Investments Inc., has won Ukraine’s first license to import CBD, a non-intoxicating extract of cannabis, formally called Cannabidiol. A Vancouver company, C21 Investments Inc., has won Ukraine’s first license to import CBD, a non-intoxicating extract of cannabis, formally called Cannabidiol. The Ukraine license allows the Canadian c...
Ukraine will stop issuing visas at airports on Jan. 1. Ukraine will stop issuing visas at airports on Jan. 1. Instead, travelers from 44 countries – including Australia, Indonesia, Malaysia, Mexico and New Zealand – will have to buy electronic visas in ad...
Russia could cut off Ukraine’s access to the Sea of Azov “in minutes,” Russia could cut off Ukraine’s access to the Sea of Azov “in minutes,” a key Russian legislator threatened after Ukraine’s Border Guard Service detained 15 ships at Berdyansk and Mariupol on suspicion...
Harvest reports indicate that Ukraine’s total grain production will hit a record of 70 million tons Harvest reports indicate that Ukraine’s total grain production will hit a record of 70 million tons, up 14% over last year, reports Dragon Capital. Last year, the harvest was 51 million tons. In 2016,...
Farming and food processing accounts for 17% of Ukraine’s GDP Farming and food processing accounts for 17% of Ukraine’s GDP, Prime Minister Groysman said on Thursday, ‘The Day of the Farmer.” This year, India is the largest buyer of food made in Ukraine, purchas...
