Through October, Metinvest’s Zaporizhstal increased the production of rolled steel products by 10% yoy Through October, Metinvest’s Zaporizhstal increased the production of rolled steel products by 10% yoy, to nearly 3 million tons. During the same 10 months, steel production was up 5% – up to 3....
Through September, British-Swiss Ferrexpo has invested $86 million in its three Ukraine iron mines. Through September, British-Swiss Ferrexpo has invested $86 million in its three Ukraine iron mines. Last year, Ferrexpo, the largest producer and exporter of iron pellets in the former Soviet Union, i...
In latest step to prepare the investment framework for parking garages, the government has ruled that only underground garages may be built in historic districts. In latest step to prepare the investment framework for parking garages, the government has ruled that only underground garages may be built in historic districts. This new regulation is being publiciz...
Latvia’s airBaltic is expanding its Riga-Ukraine destinations, adding Lviv on April 1 Latvia’s airBaltic is expanding its Riga-Ukraine destinations, adding Lviv on April 1. The airline currently flies from Riga to Odesa and from Riga to Kyiv Boryspil. For the last four years, UIA has f...
Turkey and Ukraine have agreed to sign a free trade deal by the end of this year, Turkey and Ukraine have agreed to sign a free trade deal by the end of this year, the two presidents said Saturday at a joint press conference in Istanbul. Capping a decade of trade talks, Turkish Pre...
“How will this affect the macro-financial stability?” “How will this affect the macro-financial stability?” Kateryna Rozhkova, first deputy governor of National Bank of Ukraine, asked reporters Thursday. “I want to believe in no way.”
Timothy Ash writes from London: Timothy Ash writes from London: “Headline grabbing from Moscow, but unlikely to have any meaningful economic impact, as the volumes of trade with Russia have collapsed in recent years from 40-50% pre-...
Concorde Capital’s Zenon Zawada writes: Concorde Capital’s Zenon Zawada writes: “With this list, the Kremlin is clearly delineating for the public who are its enemies among the Ukrainian political and business elite. Noticeably, it excludes...
Visiting Kyiv, German Chancellor Angela Merkel said Thursday she supports Russian guarantees of gas transit to Ukraine through the EU. Visiting Kyiv, German Chancellor Angela Merkel said Thursday she supports Russian guarantees of gas transit to Ukraine through the EU. Nord Stream 2, the new trans Baltic pipeline is to start pumping ...
Ukrtransgaz, the state-owned operator of the east-west pipeline system, reports that through September its net loss increased by 35% yoy, to $785 million Ukrtransgaz, the state-owned operator of the east-west pipeline system, reports that through September its net loss increased by 35% yoy, to $785 million. Transshipments of Russian gas to the EU have ...
German-Ukraine trade should increase ‘in the near future’ by almost 50%, to EUR 10 billion German-Ukraine trade should increase ‘in the near future’ by almost 50%, to EUR 10 billion, Prime Minister Groysman said at a meeting with Chancellor Merkel in Kyiv. Bilateral trade this year is to hi...
Merkel announced EUR 85 million vocational training so young Ukrainians have the skills needed in the modern workplace. Merkel announced EUR 85 million vocational training so young Ukrainians have the skills needed in the modern workplace. In addition, she promised EUR 2 million to create ‘a center of excellence.’ She ...
Ukraine’s state pension fund has four months to prepare for a “massive recount and increase of pensions for all categories of pensioners,” Prime Minister Groysman instructed on Thursday Ukraine’s state pension fund has four months to prepare for a “massive recount and increase of pensions for all categories of pensioners,” Prime Minister Groysman instructed on Thursday Yevgeny Kapinu...
The first tranche of IMF agreement money should arrive by the end of this year and could be as much as $1.9 billion The first tranche of IMF agreement money should arrive by the end of this year and could be as much as $1.9 billion, Kateryna Rozhkova, the central bank deputy governor, tells reporters. Prime Ministe...
A new bill to allow private locomotives on state owned tracks will be submitted to the Rada in the current session A new bill to allow private locomotives on state owned tracks will be submitted to the Rada in the current session, President Poroshenko promises business leaders. Two weeks ago, in a narrow vote, the...
French hypermarket chain plans to open its first store outside of Kyiv, in northern Odesa’s Riviera Shopping Mall. French hypermarket chain plans to open its first store outside of Kyiv, in northern Odesa’s Riviera Shopping Mall. “There are massive buildings around the Riviera shopping center, there are more than ...
View from Romania: Watch out for Ukraine! Christian Von Albrichsfeld, German CEO of auto parts maker Continental Automotive Romania, tells Business Review’s Foreign Investors Summit: “Romania lost competitive advantage in the region as major investments are now done in the neighboring countries — and its next major competitors are Serbia and Ukraine.” View from Romania: Watch out for Ukraine! Christian Von Albrichsfeld, German CEO of auto parts maker Continental Automotive Romania, tells Business Review’s Foreign Investors Summit: “Romania lost com...
In sign of economic confidence in Ukraine, membership of the European Business Association has topped 1,000 companies for the first time. In sign of economic confidence in Ukraine, membership of the European Business Association has topped 1,000 companies for the first time. “Together as a business community we constantly strive to deve...
New EBA members include: New EBA members include: Master-Avia, the management company for Kyiv Sikorsky (Zhuliany) Airport; The London School of English; Marketing Solutions; Valeant Pharmaceuticals; two law firms – Inc...
Russian Prime Minister Medvedev imposed sanctions Thursday morning against 68 Ukrainian companies and 322 Ukrainians Russian Prime Minister Medvedev imposed sanctions Thursday morning against 68 Ukrainian companies and 322 Ukrainians, including much of Kyiv’s political elite. Through the day, press releases tumbled ...
With Ryanair starting flights from Lviv to London-Stansted today, Lviv airport is on track to handle 35% more passengers than last year With Ryanair starting flights from Lviv to London-Stansted today, Lviv airport is on track to handle 35% more passengers than last year, says Tetyana Romanovska, CEO of Lviv Airport. Speaking on the o...
Ukraine’s Finance Ministry is starting an in depth study of the impact of Russia’s new sanctions on the economy Ukraine’s Finance Ministry is starting an in depth study of the impact of Russia’s new sanctions on the economy. Most of Ukraine’s economy has shifted away from Russia in the four years and eight mont...
Dragon Capital and Goldman Sachs have bought Kyiv’s Horizon Park Business Center business park, a 76,412 square meter purchase that Dragon calls Kyiv’s largest office transaction in a decade. Dragon Capital and Goldman Sachs have bought Kyiv’s Horizon Park Business Center business park, a 76,412 square meter purchase that Dragon calls Kyiv’s largest office transaction in a decade. The buye...
“The growth in demand for office premises against the background of recovery of business activity in the country and a gradual decrease in vacancy makes this sector of investment investment attractive in the perspective of 3-5 years,” Tomas Fiala, Dragon CEO “The growth in demand for office premises against the background of recovery of business activity in the country and a gradual decrease in vacancy makes this sector of investment investment attractive...
Doing business in Ukraine is getting easier Doing business in Ukraine is getting easier, improving five positions on the 2019 World Bank Ease of Doing Business ranking. Ukraine now ranks 71st out of 190 countries, a far cry from 112th place reg...
President Poroshenko says his goal is to see Ukraine rise to 50 President Poroshenko says his goal is to see Ukraine rise to 50th place. In this band – generally occupied by Eastern Europe and Mediterranean countries – Ukraine’s best categories are: dealing with c...
To further improve business conditions, Poroshenko signed before 500 foreign and national business leaders Wednesday a law — ‘Stop Mask Show 2.’ To further improve business conditions, Poroshenko signed before 500 foreign and national business leaders Wednesday a law — ‘Stop Mask Show 2.’ The law is designed to end the law enforcement th...
Poroshenko also urged the Rada to give final approval to a law instituting a permanent position of business ombudsman. Poroshenko also urged the Rada to give final approval to a law instituting a permanent position of business ombudsman. “Approval of the law is blocked by a powerful lobby of law enforcement — th...
Sticking to his exit capital tax, the President believes the IMF will accept the tax if it can be implemented in a way that is ‘revenue neutral’ for the budget Sticking to his exit capital tax, the President believes the IMF will accept the tax if it can be implemented in a way that is ‘revenue neutral’ for the budget. “I am not planning to step away from th...
Israel and Ukraine will sign a free trade agreement by the end of next month Israel and Ukraine will sign a free trade agreement by the end of next month, says Stepan Kubiv, Minister of Economic Development and Trade. Ukraine is in free trade talks with Turkey and Serbia. With...
With front lines virtually unchanged in three years, economic life is returning to the government-controlled sections of Donetsk and Luhansk regions, With front lines virtually unchanged in three years, economic life is returning to the government-controlled sections of Donetsk and Luhansk regions, says Alexander Hug, OSCE principal deputy chief mo...
A few km west of the separation line on Wednesday, representatives of a Czech company and of a Belarusian company toured Carbonit coal mine in Popasna district, government-controlled Luhansk. A few km west of the separation line on Wednesday, representatives of a Czech company and of a Belarusian company toured Carbonit coal mine in Popasna district, government-controlled Luhansk. Both com...
The IT industry grew by 30% during the first half of the year The IT industry grew by 30% during the first half of the year, a growth rate derived from a 30% growth in tax payments through June, year over year, according to Ihor Beda, president of IT Ukraine and...
To winterize housing across Ukraine, the government plans to gradually shift the $2 billion spent annually on subsidizing household gas heating to insulating and weatherproofing houses and apartment buildings To winterize housing across Ukraine, the government plans to gradually shift the $2 billion spent annually on subsidizing household gas heating to insulating and weatherproofing houses and apartment b...
Ukraine’s largest rotor diameter wind turbine was erected last weekend Ukraine’s largest rotor diameter wind turbine was erected last weekend by Vindkraft Ukraine, in southern Kherson. With a diameter of 136 meters, the Danish-made Vestas V136 is the first of 19 such gia...
Ukrhydroenergo, operator of the nation’s major hydro power plants, saw its net profit rise by 22% through September, yoy. Ukrhydroenergo, operator of the nation’s major hydro power plants, saw its net profit rise by 22% through September, yoy. Based in Vyshhorod, just north of Kyiv, the state company reported $82 million...
Russia is putting in place the essentials for an economic blockade of Ukraine’s sea and river ports Russia is putting in place the essentials for an economic blockade of Ukraine’s sea and river ports, warns Petro Tsigikal, chairman of Ukraine’s State Border Service. “The prerequisites for the econom...
In the Black Sea, In the Black Sea, Ihor Voronchenko, commander of Ukraine’s Naval Forces, said Tuesday that Russian coast guard patrols are radioing Ukraine-bound ships and asking captains their destination and cargo....
With Europe’s richest deposits of lithium and cobalt, “Ukraine can become the world’s center for the production of batteries and electric cars,” With Europe’s richest deposits of lithium and cobalt, “Ukraine can become the world’s center for the production of batteries and electric cars,” Infrastructure Minister Volodymyr Omelyan writes ...
Ukraine’s exports through August were up 12.4% yoy, to $30.9 billion Ukraine’s exports through August were up 12.4% yoy, to $30.9 billion, according to the Economic Development and Trade Ministry. Exports to the EU grew faster than the global average, increasing by 18....
Ukraine’s sunflower oil production and exports are to grow by 12% this year Ukraine’s sunflower oil production and exports are to grow by 12% this year, forecasts Oil World, a German vegetable oil news site. During the 2018/2019 marketing year, Ukraine is to produce 6.4 milli...
Schlumberger, the Franco-American oil services giant, is to provide $92 million worth of coiled tubing equipment and support for well workovers to UkrGazvyDobuvannya Schlumberger, the Franco-American oil services giant, is to provide $92 million worth of coiled tubing equipment and support for well workovers to UkrGazvyDobuvannya, the state oil and gas production ...
A French-Ukrainian company, MAIN Group Ukraine, plans to break ground this spring on a $100 million, 85 MW solar power plant in a Dnipro city suburb A French-Ukrainian company, MAIN Group Ukraine, plans to break ground this spring on a $100 million, 85 MW solar power plant in a Dnipro city suburb, reports Dnipro Mayor Boris Filatov. Located on 175...
About 3,000 homeowners installed rooftop solar panels through September, 2.5 times the rate of last year About 3,000 homeowners installed rooftop solar panels through September, 2.5 times the rate of last year, reports the Energy Efficiency Agency. Separately, since 2014, 500,000 families have taken out ...
In the latest battlefront between geeks and corruptors, ProZorro is applying a new software that uses 35 indicators to review all government tenders for potential fraud. In the latest battlefront between geeks and corruptors, ProZorro is applying a new software that uses 35 indicators to review all government tenders for potential fraud. Suspicious tenders are automat...
Ukraine’s top business leaders are ranked in a new survey Ukraine’s top business leaders are ranked in a new survey published by Korrespondent newsweekly. The top five are: Alexander Bulba, general director of Nova Poshta; Alexey Vadatursky of Nibulon; Igor ...
The flow of Ukrainians to Poland has plateaued, decreasing slightly since 2016, The flow of Ukrainians to Poland has plateaued, decreasing slightly since 2016, reports Rzeczpospolita, Poland’s nationwide business daily newspaper. Separately, Dziennik Gazeta Prawna, another Polish...
Last May’s opening of the $100 million, double track Beskyd rail tunnel through the Carpathian mountains resulted in an immediate 5% increase in freight traffic Last May’s opening of the $100 million, double track Beskyd rail tunnel through the Carpathian mountains resulted in an immediate 5% increase in freight traffic on that key line connecting Ukraine wit...
Kyiv’s train to the plane will run around the clock Kyiv’s train to the plane will run around the clock, Ukrzaliznytsya’s Kravtsov tells LIGA.net. With service to Boryspil Airport to start at the end of this month, peak hour frequencies will be every 4...
Reikartz, the Belgian-Ukrainian hotel chain, starts managing today its latest 37th hotel in Ukraine, the VitaPark Stanislavisky, in Yaremche Reikartz, the Belgian-Ukrainian hotel chain, starts managing today its latest 37th hotel in Ukraine, the VitaPark Stanislavisky, in Yaremche, the historic Carpathian mountain resort town. Located midw...
