Partners news

Wednesday, March 3

Fozzy Group’s Silpo supermarket chain, is purchasing another Ukrainian store chain, Furshet Fozzy Group’s Silpo supermarket chain, is purchasing another Ukrainian store chain, Furshet, according to the Anti-Monopoly Committee. Silpo will buy 21 Furshet stores, raising the chain’s nationwide ...

Denmark’s JYSK Ukraine will open six new furniture and household goods stores by June Denmark’s JYSK Ukraine will open six new furniture and household goods stores by June, raising the total number to 78. In addition, the chain is reformatting all existing stores and promoting online s...

Retail sales growth slowed to 3.5% yoy in January, down from 13.4% yoy growth in December, Retail sales growth slowed to 3.5% yoy in January, down from 13.4% yoy growth in December, reports the State Statistics Service. January’s 2.5 week lockdown dented sales in a traditionally slow month....

Dragon Capital writes: “ Dragon Capital writes: “We expect retail turnover to remain on an upward trend throughout the rest of this year, as slow vaccination will limit the recovery in international travel, supporting domesti...

With foreign investors increasingly believing in Ukraine’s foreign exchange rate stability, the Finance Ministry sharply cut yields in short term debt With foreign investors increasingly believing in Ukraine’s foreign exchange rate stability, the Finance Ministry sharply cut yields in short term debt up for auction yesterday, the Ministry reports. Y...

Foreign investors were the fastest growing class of buyers in February, increasing their holdings by $233 million, Foreign investors were the fastest growing class of buyers in February, increasing their holdings by $233 million, Bohdan Danylyshyn, chairman of the National Bank Council, writes on Facebook. Last ye...

“Ukraine local bonds are back,” “Ukraine local bonds are back,” headlines a story in BNEIntellinews. “Despite the political brouhaha that never ends in Ukraine, the macroeconomic situation has improved enormously in the last two yea...

Analysts are divided on whether Ukraine’s central bank will raise its prime rate tomorrow or hold it steady Analysts are divided on whether Ukraine’s central bank will raise its prime rate tomorrow or hold it steady, a Reuters poll showed Tuesday. Half of 16 Ukrainian analysts predict the National Bank of U...

Tuesday, March 2

Ukrposhta, the national postal operator, starts this week a partnership with OLX, one of Ukraine’s largest online market places. Ukrposhta, the national postal operator, starts this week a partnership with OLX, one of Ukraine’s largest online market places. Last year, Dutch-domiciled OLX nearly doubled its deliveries in Ukraine...

Non-cash payments grew last year to 55%, more than double the level of 25% recorded in 2014 Non-cash payments grew last year to 55%, more than double the level of 25% recorded in 2014, reports the European Business Association. The total volume of e-money transactions increased by 15% last y...

Offering a boost to residential construction, the first two mortgages were signed yesterday under a new state Offering a boost to residential construction, the first two mortgages were signed yesterday under a new state program “Affordable Mortgage at 7%.” The 20-year mortgages are reserved for apartments or ...

“We will work to ensure that housing loans at 7% are truly accessible to all in Ukraine,” “We will work to ensure that housing loans at 7% are truly accessible to all in Ukraine,” President Zelenskiy vowed at the mortgage signing ceremony. Seven banks are participating in the program: Priv...

French and Italian railroad station operators are among the eight companies that are seriously interested in running Ukrainian rail stations on a concession basis French and Italian railroad station operators are among the eight companies that are seriously interested in running Ukrainian rail stations on a concession basis, Alexander Pertsovsky, director of Uk...

Hotel Lviv, Grand Hotel Lviv and Gagarinn Hotel in Odesa’s Arcadia district have been granted premises permits, a first step toward winning a casino license Hotel Lviv, Grand Hotel Lviv and Gagarinn Hotel in Odesa’s Arcadia district have been granted premises permits, a first step toward winning a casino license, reports Deadlinenews, a Scottish site. Wit...

In a ray of hope for Ukraine’s beleaguered wind power sector In a ray of hope for Ukraine’s beleaguered wind power sector, DTEK Renewables and Denmark’s Vestas have signed a joint venture agreement to build 126 MW of wind power capacity in Mykolaiv. To pay for ...

Lufthansa launches flights between Lviv and Frankfurt am Main on April 30. Lufthansa launches flights between Lviv and Frankfurt am Main on April 30. Germany’s largest airline already flies between Lviv and Munich. Ryanair flies from Lviv to Memmingen and to Weeze. Wizz Air ...

Rising on the Tylihul estuary, 80 km southwest of Mykolaiv city, the DTEK/Vestas turbines will be the tallest post-Independence structures in Ukraine. Rising on the Tylihul estuary, 80 km southwest of Mykolaiv city, the DTEK/Vestas turbines will be the tallest post-Independence structures in Ukraine. The blades will measure 162 meters from tip to ti...

The Tiligulska wind power project is designed to be scaled up to 5 The Tiligulska wind power project is designed to be scaled up to 564 MW. But, for this to happen Maris Kunitskis, CEO of DTEK Renewables, says: “We expect that the crisis related to non-payments for t...

With wind and solar executives desperately renegotiating bank loans and talking to lawyers about international arbitration With wind and solar executives desperately renegotiating bank loans and talking to lawyers about international arbitration, the most visible sign of Ukraine’s crisis came in January when Norway’s Aker...

By contrast, Europe installed By contrast, Europe installed 14.7 GW of new wind capacity last year. Wind farm generation covered 16.4% of electricity consumption in Europe, reports WindEurope.

Despite lower rates and uncertainty over payments, several wind projects are advancing in Ukraine: Despite lower rates and uncertainty over payments, several wind projects are advancing in Ukraine:

Two US-originated companies Two US-originated companies, VR Capital Group’s Elementum Energy and Peter Gish’s Ukraine Power Resources plan to inaugurate this spring a 40 MW wind farm in Starokozache, on the Dnister estuary, 75 k...

Turkey’s Atlas Global Energy plans to build a 16 turbine, 60 MW wind farm in a Carpathian mountain valley Turkey’s Atlas Global Energy plans to build a 16 turbine, 60 MW wind farm in a Carpathian mountain valley near the Beskidy railroad tunnel, reports Daily Lviv. The tracks through the newly rebuilt, 1....

France’s Eurocape New Energy has commissioned a 98 MW wind farm France’s Eurocape New Energy has commissioned a 98 MW wind farm in the Priazovsky district of Zaporizhia. The plant, Eurocape 1, has 27 GE tubines, each with a capacity of 3.6 MW. Originally planned t...

Hong Kong’s Hiro Asia Investments is paying for the construction of a 25-turbine, 75 MW wind power plant that is to guarantee electricity for Yuzhne, Ukraine’s largest port Hong Kong’s Hiro Asia Investments is paying for the construction of a 25-turbine, 75 MW wind power plant that is to guarantee electricity for Yuzhne, Ukraine’s largest port. China is Ukraine’s largest...

Monday, March 1

A Viber and Telegram chatbot for buying tickets A Viber and Telegram chatbot for buying tickets that UZ launched in January with Visa and Middleware Inc. is to be expanded to handle group sales and “the B2B segment,” said Pertsovsky. UZ is working ...

UZ will buy 100 new passenger sleeper cars for an expected price of $109 million UZ will buy 100 new passenger sleeper cars for an expected price of $109 million, according a tender posted last week on Prozorro, the online procurement platform. The tender closes March 30 and the c...

To boost Black Sea tourism, almost 500 km of bicycle paths are to be built in Odesa and neighboring Mykolaiv regions To boost Black Sea tourism, almost 500 km of bicycle paths are to be built in Odesa and neighboring Mykolaiv regions. In Odesa, two paths totaling 420 km will run on two routes south of the city, Ukra...

Georgia reopens to foreign tourists today Georgia reopens to foreign tourists today, after almost one year of quarantine. To enter Georgia, Ukrainians need to do two PCR tests – one within 72 hours of takeoff and a second 72 hours after arriv...

Rivals Wizz Air and Ryanair are gambling that Italy will open up for Ukrainian tourism at the end of this month. Rivals Wizz Air and Ryanair are gambling that Italy will open up for Ukrainian tourism at the end of this month. Starting March 28, Ryanair starts service from Lviv to Bari, Naples, Palermo, Pisa, Tre...

Bees Airline, a new Ukrainian lowcost startup, plans to start flying this month from Kyiv Sikorsky to Egypt’s Red Sea resort of Marsa Alam and in April to Mombasa, Kenya. Bees Airline, a new Ukrainian lowcost startup, plans to start flying this month from Kyiv Sikorsky to Egypt’s Red Sea resort of Marsa Alam and in April to Mombasa, Kenya. The airline has leased two Bo...

Bell Textron’s ‘Huey’ helicopters, the US military’s workhorse in the Vietnam War, will be assembled in coming months at Ukroboronprom’s Bell Textron’s ‘Huey’ helicopters, the US military’s workhorse in the Vietnam War, will be assembled in coming months at Ukroboronprom’s Odesa Aviation Plant under license from the Fort Worth, Texas c...

US investments in Ukraine are expected by the end of this year in a series of areas, US investments in Ukraine are expected by the end of this year in a series of areas, Oksana Markarova, said in a lengthy interview with Ukrinform made prior to her traveling to Washington to take up h...

A five-year veteran of Ukraine’s Finance Ministry, Markarova dampened hopes that her main job is to get Ukraine’s IMF program back on track A five-year veteran of Ukraine’s Finance Ministry, Markarova dampened hopes that her main job is to get Ukraine’s IMF program back on track. She said: “Most of the central bodies of financial organiza...

Ukraine will receive only one IMF tranche this year, Ukraine will receive only one IMF tranche this year, predicts Fitch Ratings. Predicting that Ukraine will get less than one quarter of the $2.9 available under the June 2020 Standby Arrangement, the N...

Financial needs in the second half of this year will pressure the government to adopt the anti-corruption and free market reforms demanded by the IMF, Financial needs in the second half of this year will pressure the government to adopt the anti-corruption and free market reforms demanded by the IMF, Fitch predicted. Foreign debt repayments spike in...

As Ukrainians gain confidence in money transfer systems, the amount of money transferred inside the country grew by 24% yoy in 2020 As Ukrainians gain confidence in money transfer systems, the amount of money transferred inside the country grew by 24% yoy in 2020, to the equivalent of $9.5 billion, reports the National Bank of Ukr...

The amount of money sent into Ukraine through money transfer systems increased by 19% yoy, to $2.7 billion. The amount of money sent into Ukraine through money transfer systems increased by 19% yoy, to $2.7 billion. The average amount of one transfer increased by 7%, to $393. The top sources of money coming...

More movies, better food, and chatbots oriented toward business customers are in the works for Ukrzaliznytsia this year, More movies, better food, and chatbots oriented toward business customers are in the works for Ukrzaliznytsia this year, Alexander Pertsovsky, director of the state railroad’s ‘Passenger Company,’ tol...

Friday, February 26

The maintenance contract with Pakistan was signed at IDEX-2021, The maintenance contract with Pakistan was signed at IDEX-2021, the week-long international arms exhibition that ended yesterday in Abu Dhabi. “The Ukrainian delegation reached a number of preliminary...

Ukraine accuses Russian hackers of trying to disseminate malicious documents through a web-based system on which government documents are circulated. Ukraine accuses Russian hackers of trying to disseminate malicious documents through a web-based system on which government documents are circulated. The aim was to contaminate information resources o...

At least 1,000 highly skilled engineers would have been required to develop the code that hijacked widely used network software from US-based SolarWinds to deploy malware around the world, Microsoft President Brad Smith told the Senate Intelligence Committee in Washington Tuesday. Smith said: “We’ve seen substantial evidence that points to the Russian foreign intelligence agency, and we...

Ukrainians spend $4.2 billion on imports of new and used vehicles last year Ukrainians spend $4.2 billion on imports of new and used vehicles last year, reports Ukravtoprom, the car industry association. Car imports were down by 11%, to 486,300, or $3.5 billion. Almost 100,00...

Over the next five years, up to $500 million will be invested to develop a year round resort in mountains Over the next five years, up to $500 million will be invested to develop a year round resort in mountains around the century-old Carpathian resort of Slavske, Lviv region. Phase one will include 20 km...

The tourist flow and spending has not changed this winter at Bukovel, The tourist flow and spending has not changed this winter at Bukovel, Shevchenko told Interfax-Ukraine at the Infrastructure Forum. Tourist spending averages €150 per day. Many skiers and snowboarders...

HBO, the US pay TV network, is negotiating with Ukraine to create an “offline attraction” in the Chornobyl Zone HBO, the US pay TV network, is negotiating with Ukraine to create an “offline attraction” in the Chornobyl Zone, deputy presidential chief of staff Kyrylo Tymoshenko, told the Infrastructure Forum. “I...

To prepare for boat tours as early as this year from Kyiv to Chornobyl, the Pripyat River was dredged last year by the Ukrainian Sea Ports Authority. To prepare for boat tours as early as this year from Kyiv to Chornobyl, the Pripyat River was dredged last year by the Ukrainian Sea Ports Authority. To allow the passage of a boat with a maximum draf...

Capital investment in Ukraine’s economy fell 28% yoy last year, to $15 billion Capital investment in Ukraine’s economy fell 28% yoy last year, to $15 billion, reports the State Statistics Service. Investment in industry and agriculture fell by 34%; in construction by 36%; in ret...

Two thirds of capital investments came from company funds Two thirds of capital investments came from company funds. State budget funds accounted for 9%. Foreign investors accounted for only 0.4%. The drop in 2020 came after an 11% increase in 2019. During 2...

Directing infrastructure investments into Luhansk, Ukraine’s easternmost region Directing infrastructure investments into Luhansk, Ukraine’s easternmost region, Ukravtodor plans to pave three key road sections this year, totaling 176 km. By comparison, from 2014 to 2019, a total ...