Ukraine should end its state railroad and oil and gas monopolies, Ukraine should end its state railroad and oil and gas monopolies, Morgan Williams, president of the US-Ukraine Business Council, said Monday at the start of a 2-day trade mission by 12 U.S. companies....
Through September, Ukraine’s economy grew by 3.8%, compared to the same period in 2017, Through September, Ukraine’s economy grew by 3.8%, compared to the same period in 2017, President Poroshenko said in a speech. The World Bank forecasts that Ukraine’s economy will grow by 3.3% in 2018...
President Poroshenko visits Turkey on Saturday President Poroshenko visits Turkey on Saturday to meet with President Recep Tayyip Erdoğan in Ankara. Earlier this year, trade experts that this year end visit would see completion of a Turkey-Ukraine...
One of Turkey’s largest e-commerce sites, hepsiburada.com, is taking steps to enter the Ukraine market One of Turkey’s largest e-commerce sites, hepsiburada.com, is taking steps to enter the Ukraine market, the Kyiv Post reports. Yaman Alpata, international group director, said the company is studying ...
About 50 Swiss business executives participated last week in Zurich in a round table on Ukraine investment opportunities About 50 Swiss business executives participated last week in Zurich in a round table on Ukraine investment opportunities. It was the second such event in Switzerland this year, according to one partic...
Japan’s Sumitomo Group is buying a 51% controlling stake in Spektr-Agro and Spektr-Agrotekhnika, Japan’s Sumitomo Group is buying a 51% controlling stake in Spektr-Agro and Spektr-Agrotekhnika, both based in Obukhiv, 50 km south of Kyiv. Founded in 2009, Spetkr-Agro distributes herbicides, pestic...
As part of the drive to clean up the books of state banks, Arctic, Kyiv’s largest cold storage warehouse complex, is to be auctioned off on Monday As part of the drive to clean up the books of state banks, Arctic, Kyiv’s largest cold storage warehouse complex, is to be auctioned off on Monday. Starting with a floor bid of $7 million, SETAM is ha...
As mini-privatizations draw increasing investor interest As mini-privatizations draw increasing investor interest, seven buyers in Lviv got into a bidding war over a property called ‘Wave Experimental Plant.’ The winner ended up agreeing to pay $2.1 million...
Planning to privatize 30 of its 130 state-owned companies Planning to privatize 30 of its 130 state-owned companies, Ukroboronprom, the state arms making conglomerate, has signed a cooperation agreement with ProZorro.Sale, the electronic auction house. Ukrob...
To maintain freedom of shipping in the Sea of Azov, Ukraine is lobbying the US and the EU to threaten Russia with trade sanctions against its Black Sea ports, Infrastructure Minister Volodymyr Omelyan told reporters Monday To maintain freedom of shipping in the Sea of Azov, Ukraine is lobbying the US and the EU to threaten Russia with trade sanctions against its Black Sea ports, Infrastructure Minister Volodymyr Omelyan...
Ryanair executives fly to Kyiv in November to negotiate flights to new Ukrainian airports Ryanair executives fly to Kyiv in November to negotiate flights to new Ukrainian airports, the opening in Ukraine of an IT center and a Boeing service center, Minister Omelyan tells the Morning News. ...
Lines of cars, trucks and buses to cross the Ukrainian-Polish border have worsened in recent years Lines of cars, trucks and buses to cross the Ukrainian-Polish border have worsened in recent years, Ukrainian Foreign Minister Pavlo Klimkin tells Ukrinform. “Ukrainians and Poles are not supposed to ...
ArcelorMittal, the world’s largest steel company, plans to invest $1.5 billion in the Kryvvyi Rih mining and steelmaking complex through 2022 ArcelorMittal, the world’s largest steel company, plans to invest $1.5 billion in the Kryvvyi Rih mining and steelmaking complex through 2022, according to a company press release. Additionally,...
Concorde Capital’s Zenon Zawada Concorde Capital’s Zenon Zawada: “The Polish-Ukrainian border is an economic sinkhole for Ukraine, causing millions – if not billions – of dollars in damage in trade. The long lines for co...
In a surprise move, Ukraine’s State Regulatory Service, the body that approves acts of other state bodies, has rejected government’s Oct. 19 decision to raise household gas prices by 23.5% In a surprise move, Ukraine’s State Regulatory Service, the body that approves acts of other state bodies, has rejected government’s Oct. 19 decision to raise household gas prices by 23.5%. This gas h...
Dragon Capital writes: Dragon Capital writes: “It is not clear if there are legal ways to salvage the resolution in the long term, but in the short term the government is likely to defend it in courts for as long as possibl...
Concorde Capital’s Alexander Paraschiy writes: Concorde Capital’s Alexander Paraschiy writes: “Given that this resolution was the result of a compromise with the IMF (apparently), we believe it’s more likely that the Cabinet and State Regula...
Kyiv advertising agency Banda has won Red Dot’s prestigious “Agency of the Year” award. Kyiv advertising agency Banda has won Red Dot’s prestigious “Agency of the Year” award. Louise Milk, director of the international design contest, cited Banda’s new campaign, saying: “Ukraine Now’ sta...
Russia’s harassment of merchant ships serving Ukraine’s two ports on the Sea of Azov has caused $36 million losses in the last six months and forced the main port, Mariupol, to move to a 4-day work week Russia’s harassment of merchant ships serving Ukraine’s two ports on the Sea of Azov has caused $36 million losses in the last six months and forced the main port, Mariupol, to move to a 4-day work we...
The European Parliament passed a resolution last week calling on EU nations to prepare to sanction Russia The European Parliament passed a resolution last week calling on EU nations to prepare to sanction Russia if the Kremlin attempts to turn the binational sea of Azov into a Russian lake. Separately, US...
Ukrainians received the most first residence permits in EU in 2017, Eurostat reports. Ukrainians received the most first residence permits in EU in 2017, Eurostat reports. Of the 661,874 permits granted to Ukrainians granted, 88% were for Poland. Of all EU permits to Ukrainians, 88% we...
Further away, Ukrainians ranked in third place in Bulgaria, Croatia and Denmark. Further away, Ukrainians ranked in third place in Bulgaria, Croatia and Denmark. Overall, Ukrainians received three times as many residency permits as the second largest nationality, Syrians – 223,170...
By tracking SIM card usage, Ukraine’s mobile operators say that subscribers made 17.3 million trips abroad in the first half of this year By tracking SIM card usage, Ukraine’s mobile operators say that subscribers made 17.3 million trips abroad in the first half of this year, the Economic Development and Trade Ministry posts on Facebook...
For inbound tourism, 9.6 million foreigners visited Ukraine For inbound tourism, 9.6 million foreigners visited Ukraine in the first half of the year. The most popular cities were: Kyiv — 1.8 million; Lviv — 1.5 million; Zakarpattia — 800,000...
Traveling internally, Ukrainian mobile sim card owners made 65.7 million journeys. Traveling internally, Ukrainian mobile sim card owners made 65.7 million journeys. Top destinations were: Kyiv — 18 million subscribers; Lviv — 4 million; Poltava — 3.4 million; Zhyt...
Ryanair, Europe’s largest airline, rolls out its Ukraine service this week. Ryanair, Europe’s largest airline, rolls out its Ukraine service this week. By Tuesday, Ryanair will have direct flights from Kyiv Boryspil to 12 EU cities – Barcelona, Berlin-Schonefeld, Bratislava, ...
Planning on expanding in 2019, Ryanair officials met this year with officials of Kherson, Kharkiv and Odesa airports Planning on expanding in 2019, Ryanair officials met this year with officials of Kherson, Kharkiv and Odesa airports. The Dublin-based airline carries more international passengers than any other airl...
Wizz Air started daily direct flights yesterday from Kyiv Sikorsky to Vienna Wizz Air started daily direct flights yesterday from Kyiv Sikorsky to Vienna. With this flight, Wizz Air offers direct flights from Sikorsky (Zhuliany) to 20 EU cities, including London-Luton, Lisbon,...
Switching from east to west, Ukrainian rail passengers now travel more to the EU than to Russia, Switching from east to west, Ukrainian rail passengers now travel more to the EU than to Russia, Ekonomichna Pravda reports, quoting Oleksandr Krasnoshtan, deputy director of long distance passenger s...
Turning north to Belarus, Ukraine’s often overlooked neighbor, President Poroshenko is setting a goal of doubling bilateral trade to $10 billion Turning north to Belarus, Ukraine’s often overlooked neighbor, President Poroshenko is setting a goal of doubling bilateral trade to $10 billion. Trade is growing by 15% percent a year, on track to hi...
Gomel is Belarus’ main bridge for trade and investment with Ukraine Gomel is Belarus’ main bridge for trade and investment with Ukraine, Gomel region governor Vladimir Dvornik told the forum on Friday. With trade growing by 25% a year since 2016, Gomel’s main Ukrainia...
Ukraine’s finances are in better shape than many emerging market economies, but Ukraine’s 5-year Eurobonds placed last week at an interest rate of 9% — 1 percentage point higher than comparable bonds for Pakistan and Sri Lanka, 2 points higher than Egypt, and 3 points higher than South Africa Ukraine’s finances are in better shape than many emerging market economies, but Ukraine’s 5-year Eurobonds placed last week at an interest rate of 9% — 1 percentage point higher than comparable ...
Noting the Russia threat has not varied much in recent months, Ash blames the higher interest rates on Ukraine’s “uncertainty in terms of the relationship with the IMF and foot dragging.” Noting the Russia threat has not varied much in recent months, Ash blames the higher interest rates on Ukraine’s “uncertainty in terms of the relationship with the IMF and foot dragging.” He writes: “...
Facing a November battle over the winter gas price hike, Ukraine’s leaders are on the offensive. Facing a November battle over the winter gas price hike, Ukraine’s leaders are on the offensive. Prime Minister Groysman said: “The gas price will not rise anymore this year — or this heating se...
Switching to electronic online auctions, the State Geology Service unexpectedly sold an oil and gas exploration permit for 4.3 times the expected price. Switching to electronic online auctions, the State Geology Service unexpectedly sold an oil and gas exploration permit for 4.3 times the expected price. Previously, critics say, permits were sold in b...
The central bank predicts 3.4% GDP growth this year and a slowing to 2.5% next year. The central bank predicts 3.4% GDP growth this year and a slowing to 2.5% next year. Underpinning growth will be private consumption due to increasing incomes, Yakov Smolii, governor of the National B...
This weekend, executives from 12 major US companies arrive in Kyiv for what is billed as the first Ukraine trade and investment conference certified by the US Department of Commerce. This weekend, executives from 12 major US companies arrive in Kyiv for what is billed as the first Ukraine trade and investment conference certified by the US Department of Commerce. After a welcoming...
Energy: Energy: Compass Directional Guidance, Equipetrol, LLC, Integrated Global Services, Inc. and WSC Inc.
Ukraine has the largest amount of farm land of 42 European countries surveyed by OneSoil Map Ukraine has the largest amount of farm land of 42 European countries surveyed by OneSoil Map, a Belarus startup. According to analysis of European Space Agency photos, Ukraine has 35.9 million hectare...
Hungary is offering Ukraine a EUR $50 million long term loan to repair two roads running north from the Hungarian border into historically Hungarian-speaking areas of Zakarpattia Hungary is offering Ukraine a EUR $50 million long term loan to repair two roads running north from the Hungarian border into historically Hungarian-speaking areas of Zakarpattia. One road to be rebui...
Express train service from downtown Kyiv to Boryspil Airport starts next month Express train service from downtown Kyiv to Boryspil Airport starts next month, Prime Minister Grosyman tweets from on board a pilot run of the train. Starting in November, four newly renovated Polish...
Ukraine has raised $2 billion in Eurobonds — $750 million for five years, and $1.25 billion for 10 years Ukraine has raised $2 billion in Eurobonds — $750 million for five years, and $1.25 billion for 10 years. The offering was oversubscribed, with bids totaling $4.9 billion. This demand pushed rat...
The new, $21 million rail link crosses the Kyiv-Kharkiv highway and delivers passengers to a covered gallery connecting the new rail station, Boryspsil Airport, and Terminal D The new, $21 million rail link crosses the Kyiv-Kharkiv highway and delivers passengers to a covered gallery connecting the new rail station, Boryspsil Airport, and Terminal D, the main international ...
This is the first long-dated dollar debt since Ukraine raised $3 billion one year ago. This is the first long-dated dollar debt since Ukraine raised $3 billion one year ago. That 15-year bond priced at 7.375%. It now yields 9.417%, reports the Financial Times. Sergey Fursa, fixed-income...
The government has authorized Naftogaz to raise $1billion for up to five years via Eurobonds. The government has authorized Naftogaz to raise $1billion for up to five years via Eurobonds. Co-organizers of the issue will be Citigroup Global Markets and Deutsche Bank AG. The issue will be listed...
Dragon Capital writes on what Naftogaz might do with the bond money: Dragon Capital writes on what Naftogaz might do with the bond money: “Naftogaz’s aggressive development program, including investments in gas production, oil processing and retailing, which it may fin...
Central bank governor Yakiv Smolii predicts the first of IMF $3.9 billion could flow by the end of this year Central bank governor Yakiv Smolii predicts the first of IMF $3.9 billion could flow by the end of this year. First, the Rada must approve the budget. Prime Minister Groysman says he hopes this will h...
