The share of Ukraine’s exports going to the EU has increased from 25% four years ago to 42% today, The share of Ukraine’s exports going to the EU has increased from 25% four years ago to 42% today, Hugues Mingarelli, head of the EU Delegation to Ukraine, told DEF-2018, the Dnipro economic forum. He...
For the fourth year in a row, Ukraine is increasing electricity exports to its Western neighbors. For the fourth year in a row, Ukraine is increasing electricity exports to its Western neighbors. Through October, Ukraine exported $266 million worth of electricity, 27% more that during the first 10...
Concorde Consulting will be the lead advisor for the privatization of Kyiv’s President Hotel, Concorde Consulting will be the lead advisor for the privatization of Kyiv’s President Hotel, a 374-room landmark that stands on a small hill a 10-minute walk from Parus and Gulliver business centers....
Privatizations of five big state companies are being blocked by court action taken by losers of tenders for consulting work on the sales. Privatizations of five big state companies are being blocked by court action taken by losers of tenders for consulting work on the sales. On Nov. 28, an appellate court will hear the arguments against...
“Market instability” was cited by Andriy Kobolev, Naftogaz CEO, as the key reason for postponing placement this week of $500 million worth of 5-year Eurbonds. “Market instability” was cited by Andriy Kobolev, Naftogaz CEO, as the key reason for postponing placement this week of $500 million worth of 5-year Eurbonds. He wrote on his Facebook page on Thursday...
As e-commerce reaches Slavuta, 400 km west of Kyiv, Epicenter K is devoting 15% of their new shopping center in the Khmelnitskyi region city to a sports complex: As e-commerce reaches Slavuta, 400 km west of Kyiv, Epicenter K is devoting 15% of their new shopping center in the Khmelnitskyi region city to a sports complex: basketball, volleyball, futsal, tennis...
Weeks before the official start of campaigning, the Presidential election is boosting the advertising industry Weeks before the official start of campaigning, the Presidential election is boosting the advertising industry. From April through September, Yulia Tymoshenko’s campaign spent $3.5 million on TV and b...
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...
Trading places: Mykolaiv is overtaking Odesa, the iconic Black Sea port, to become Ukraine’s second busiest port. Trading places: Mykolaiv is overtaking Odesa, the iconic Black Sea port, to become Ukraine’s second busiest port. Through October, Mykolaiv handled 22.5 million tons of cargo, up 17% over the same per...
Mykolaiv rail station is a prime candidate for a public private partnership, Mykolaiv rail station is a prime candidate for a public private partnership, Infrastructure Minister Volodomyr Omelyan says. In March, Ukrzaliznitsya starts a two-year, internationally funded project ...
With the first snow falling on much of Ukraine Wednesday, about 1 million people were without heat With the first snow falling on much of Ukraine Wednesday, about 1 million people were without heat as regional utilities were locked in payment disputes with Naftogaz. In Kriviy Rih, residents seized ...
The old game of selling gas to factories at household rates still costs Naftogaz about $350 million a year The old game of selling gas to factories at household rates still costs Naftogaz about $350 million a year, Andriy Kobolyev, the company CEO, said Tuesday at conference organized in Kyiv by Nobles For...
The government boxed the ears of UkrGazVydobuvannya on Wednesday, saying the state company is falling behind in the government’s $4 billion, 5-year investment program The government boxed the ears of UkrGazVydobuvannya on Wednesday, saying the state company is falling behind in the government’s $4 billion, 5-year investment program designed to produce 20 billion cu...
UGV plans to commission 87 wells this year. UGV plans to commission 87 wells this year. Thirteen, or 15%, are by outside contractors. Next year, it plans to drill 131 wells. For comparison, from 2007 to 2014, the annual average was less than ha...
New drilling rigs from China and Germany are arriving in Ukraine, renewing gas production equipment that is the oldest in the region New drilling rigs from China and Germany are arriving in Ukraine, renewing gas production equipment that is the oldest in the region. On Monday, two rigs, each capable of lifting 450 tons of pipe, arr...
DTEK Naftogaz, a privately held company, plans to increase its natural gas production by 10-12% next year, to 1.8 billion cubic meters DTEK Naftogaz, a privately held company, plans to increase its natural gas production by 10-12% next year, to 1.8 billion cubic meters, Yulia Borzhemskaya, the company’s regulatory manager, told an en...
Ukraine’s third quarter GDP growth was 2.8% Ukraine’s third quarter GDP growth was 2.8%, compared to the same period last year. This was the lowest growth of the year, according to the State Statistics Service. First quarter growth was 3.1%. Se...
Inflation in Ukraine will drop next year to a single figure, for the first time since 2013 Inflation in Ukraine will drop next year to a single figure, for the first time since 2013, according to 15 analysts surveyed by Reuters. Due to tight monetary and fiscal policies that meet the IMF re...
Ukraine registered a $3.5 billion trade deficit in goods and services through September Ukraine registered a $3.5 billion trade deficit in goods and services through September, about three times larger than the deficit for the same nine months last year, reports the State Statistics Serv...
For goods alone, Ukraine’s exports to the EU grew by 16% to $14.6 billion, while imports from the EU grew by 13%, to $16.9 billion. For goods alone, Ukraine’s exports to the EU grew by 16% to $14.6 billion, while imports from the EU grew by 13%, to $16.9 billion. Exports of goods to Russia fell by 7.5% – to $2.7 billion, whi...
Russia’s Nov. 1 sanctions don’t affect goods imports from Ukraine, Interfax reports from Moscow. Russia’s Nov. 1 sanctions don’t affect goods imports from Ukraine, Interfax reports from Moscow. An anonymous source “in the financial-economic section of Russia’s government” says the Nov. 1 resoluti...
The US and EU are ‘seriously’ discussing imposing sanctions on Russian ports to pressure the Kremlin to stop harassing merchant ships going to Ukraine’s ports in the Sea of Azov, The US and EU are ‘seriously’ discussing imposing sanctions on Russian ports to pressure the Kremlin to stop harassing merchant ships going to Ukraine’s ports in the Sea of Azov, Ukraine’s Infrastruct...
Naftogaz postponed Wednesday’s placement of $500 million in Eurobonds Naftogaz postponed Wednesday’s placement of $500 million in Eurobonds. Although $700 million in bids were made for the 5-year bonds, they came in higher than the 10.9% target interest rate. Wednesday’...
Timothy Ash writes from London: “Unfortunately Ukraine now is paying the price for the long delay in getting IMF lending back on track… Timothy Ash writes from London: “Unfortunately Ukraine now is paying the price for the long delay in getting IMF lending back on track…it says the market is: a) untrusting of the commitment…to the IMF...
China’s UnionPay, the world’s largest China’s UnionPay, the world’s largest card payment company, has won permission from the National Bank of Ukraine to operate in Ukraine. The central bank authorizes Ukrainian banks to issue UnionPay ca...
Corruption depresses Ukraine’s annual growth by two percentage points, Corruption depresses Ukraine’s annual growth by two percentage points, Goesta Ljungman, the IMF Representative in Ukraine told reporters on Tuesday. The Economy Ministry’s consensus forecast for 2018 ...
Inflation should drop to 6.2% next year, a fall that should pull down interest rates, Inflation should drop to 6.2% next year, a fall that should pull down interest rates, the IMF Representative predicted. “The level of interest rates currently stands at more than 18% per annum,”...
Chernobyl’s first wind park will be built next year Chernobyl’s first wind park will be built next year, according to Ostap Semerak, Minister of Ecology and Natural Resources. Polesky Wind Park LLC won permission last week to build a $5 million, 4.5 MW...
Ukraine’s exports of frozen fruits and berries are up by 32% this year, earning exporters 45% more money Ukraine’s exports of frozen fruits and berries are up by 32% this year, earning exporters 45% more money, reports EastFruit news site. For the first five months of the season that started in June, exp...
Applying Dnipro experience to the Nile Applying Dnipro experience to the Nile, Nibulon is starting a 10-year, $2 billion project to upgrade Egypt’s river cargo transport system, the company reports. The project is to involve building grain...
Spetstechnoexport Spetstechnoexport, Ukraine’s state owned arms sales company, has opened its second office in India, after New Delhi, the capital. The new office is in Nashik, an aerospace manufacturing hub 170 km nor...
Two more industrial parks – one in Dnipro, the other in Mykolaiv – joined the government’s register of industrial parks Two more industrial parks – one in Dnipro, the other in Mykolaiv – joined the government’s register of industrial parks. Of the nation’s 35 industrial parks, half have management companies, reports th...
Kyivmetrobud, the state company that has built the Kyiv Metro since 1949, submitted a winning $214 million bid to build a 9 km, three station northern extension of the Green Line. Kyivmetrobud, the state company that has built the Kyiv Metro since 1949, submitted a winning $214 million bid to build a 9 km, three station northern extension of the Green Line. Running from Syrets ...
Wizz Air has doubled its Ukraine passenger traffic this year Wizz Air has doubled its Ukraine passenger traffic this year, carrying 1.2 million passengers through October. Currently, the largest low cost carrier for Ukraine, Wizz Air plans to base a fourth Airb...
Through September, air traffic in Ukraine is up 24% yoy, to 15.6 million. Through September, air traffic in Ukraine is up 24% yoy, to 15.6 million. Kyiv Sikorsky lead the nation, with a 57% growth in passengers. Among the regional hubs, the biggest growth is at Lviv. There,...
Flights from Kyiv to Uzhhorod should start in 2019 Flights from Kyiv to Uzhhorod should start in 2019, Infrastructure Minister Volodymyr Omelyan reports after meeting with European Aviation Safety Agency officials. The airport was closed two years ago...
Despite the investments in Uzhhorod airport, the ministry plans to make Mukachevo – 45 minutes to the east – the main airport for Zakarpattia Despite the investments in Uzhhorod airport, the ministry plans to make Mukachevo – 45 minutes to the east – the main airport for Zakarpattia for the 2020s. A former Cold War air base, Mukachevo’s aba...
To soothe relations with Hungary, a major source of tourism and investment, To soothe relations with Hungary, a major source of tourism and investment, Hennadiy Moskal, head of Zakarpattia’s government, assured the region’s Hungarian-speaking minority that they can now get Hu...
Ukraine can be the “Texas of Europe,” Ukraine can be the “Texas of Europe,” US Energy Secretary Rick Perry told representatives of American businesses in Kyiv on Monday. “The [oil and gas] formations that are here — the potential for the ...
In one decade, innovative technology and industry friendly laws took US from defeatist ‘peak oil’ talk to the world’s largest oil and gas producing nation In one decade, innovative technology and industry friendly laws took US from defeatist ‘peak oil’ talk to the world’s largest oil and gas producing nation, Perry said. For Ukraine, the keys are: produ...
Oil and gas production sharing agreements, international arbitration clauses, and bigger exploration lots will attract American energy companies, Oil and gas production sharing agreements, international arbitration clauses, and bigger exploration lots will attract American energy companies, says Morgan Williams, president of the US-Ukraine Busi...
At the end of a 3-day visit to Ukraine, Perry stressed that the US government and companies will be “strong allies and strong partners with Ukraine” in the nation’s effort to win energy independence from Moscow. At the end of a 3-day visit to Ukraine, Perry stressed that the US government and companies will be “strong allies and strong partners with Ukraine” in the nation’s effort to win energy independence f...
In a liberalizing step that coincides with Perry’s visit, In a liberalizing step that coincides with Perry’s visit, the Cabinet of Ministers approved last week placing geological information on line. The Better Regulation Delivery Office, an advisory group, ...
The EBRD plans to loan up to EUR 52 million to UkrGazVydobuvannya to pay for modern workover rigs to get more gas out of old wells The EBRD plans to loan up to EUR 52 million to UkrGazVydobuvannya to pay for modern workover rigs to get more gas out of old wells. Pending EBRD Board approval Dec. 12, the money also will help the st...
NASA will launch on Thursday the latest Ukrainian-made Antares middle-class launch vehicle, designed to supply the International Space Station. NASA will launch on Thursday the latest Ukrainian-made Antares middle-class launch vehicle, designed to supply the International Space Station. The launch, from NASA’s Wallops Flight Facility in Virgi...
Local budgets will increase 21% next year to $10 billion, from $8.25 billion this year Local budgets will increase 21% next year to $10 billion, from $8.25 billion this year, predicts Gennady Zubko, minister of regional development. This would match a similar increase this year. This un...
After a slow start, work is to begin in earnest in April on the $48 million, Chinese-built, concrete bypass road around Zhytomyr After a slow start, work is to begin in earnest in April on the $48 million, Chinese-built, concrete bypass road around Zhytomyr, says Infrastructure Minister Volodymyr Omelyan. After inspecting the s...
Landlocked Belarus could become a ‘maritime state’ Landlocked Belarus could become a ‘maritime state’ with the construction of a Dnipro river port in Nizhny Zhary, in Belarus’ southernmost tip, according to Andrei Savinykh, Belarus ambassador to Turke...
Located one kilometer north of the confluence of the Pripyat and Dnipro Rivers Located one kilometer north of the confluence of the Pripyat and Dnipro Rivers, the international borders with Ukraine, Nizhny Zhary now is used as the last anchorage for river barges on Belarus terri...
