In September 2021, Ukreximbank reported a record profit. The monthly operating profit of Ukreximbank exceeded ₴ 533 mln ($ 20 mln) which was a record value for the entire period of its activity since 1992, announced the bank. The results were achieved by th...
The first international engineering company received certification from Ukrzaliznytsia to undertake locomotive repairs. Daugavpils Locomotive Repair Plant (Latvia) received permits from Ukrzaliznytsia to repair locomotives. Becoming the first international service provider to pass the certification, reported cfts.org D...
Ukraine to purchase oxygen from Poland due to the short supply in the current medical emergency . “Two major Ukrainian plants no longer produce medical oxygen. This has prompted the government to make the decision to purchase oxygen supplies from Poland” said the Health Minister, Victor Lyasho. &#...
State Enterprise air traffic services of Ukraine (UkSATSE) reported a quarterly profit. For the first time since 2019, UkSATSE earned a profit of ₴183 mln ($ 6.95 mln) in the third quarter and reduced losses since the beginning of the year (UkSATSE). The company’s profit is associa...
Passenger traffic has increased by 4.2% since the beginning of the year, reported by the State Statistics Service. In January-September 2021, all types of transport increased passenger traffic by 4.2% compared to January-September 2020 to 1,979.9 mln passengers. Rail trans...
The United States of America has listed Ukraine as a “very high-risk” due to the spread of COVID-19. The US Centers for Disease Control and Prevention (CDC) has listed Ukraine as a “very high-risk” tourist destination due to the country’s growing number of COVID-19 cases, reported CNN.
Ukrposhta to invest more than €8 mln in software to boost its front office system. By the end of 2022, Ukrposhta plans to replace obsolete software in its network of outlets with a new front office system. The company has signed an agreement with the Irish IT firm, Escher Group (IRL...
The VI National Wine Forum 2021 to be held in Mykolayiv on November 11-13. This year the main event for winemakers will take place in the Mykolayiv region, in the center of the Black Sea coast which is one of the oldest wine regions of Ukraine. The goal of the Forum is to ra...
Editor’s note: The new wave of infected people in Ukraine is at the highest level yet with 20,000-24,000 people new cases reported each day. According to the Ukraine Ministry of Health, 98% of hospitalized people ar...
Ukroboronprom increased production volumes by almost UAH 6 billion ($228 mln) to UAH 26.83 bln ($1.01 bln) for the first 9 months of 2021. This compares to UAH 21.05 bln ($800 mln) for the same period in 2020. If for 6 months of this year production volumes increased by UAH 2.7... #ukroboronprom #UkroboronpromProduction
Ukrzaliznytsia resumes the Kyiv-Warsaw route. After an 18-month hiatus, the first train will depart on November 4, 2021, reported the press service of UZ. To book a ticket and travel on long-distance trains in Ukraine passengers must have valid C... #KyivWarsawtrain #UkrzaliznytsiaRouts #UZtrains
Ukraine received $2.8 mln for cold chain systems for storage Covid19 vaccines. The U.S. Agency for International Development (USAID) in Ukraine has allocated $2.8 mln to fund UNICEF’s procurement of WHO-prequalified equipment. These new cold chain systems will be provided ... #Covid19Storagesystems #CovidEquipment #USAID #USAIDassistance
Retail trade turnover increased by 12.3%. In January-September 2021 period, retail trade-in in Ukraine increased by 12.3% compared to the same period in 2020, to UAH 746.87 bln ($28.3 bln), according to the State Statistics Service. #RetailSalesUkraine #RetailTradeTurnover #retailUkraine
Editor’s note: Yesterday, Naftogaz announced the selection for the position of four independent members of its Supervisory Board. Today, the new announcement is to hire 20 top managers for the National Gas Company. ...
Ukraine is ready to provide Russia with a 50% discount on gas transit to Europe , said President Zelensky. According to Zelensky, the proposal concerns the transit of gas in excess of the 40 billion cubic meters established by the contract with the Russian company in order to eas... #DiscountforGasTransit #GasTransit #GastransittoEU #RussianGasThroughUkraine
The number of leased cars increased by 39%. The number of cars leased during the first three quarters of 2021 increased by 39% compared to the figures for the same period in 2020. During this time, lessors registered 5,295 vehicles: of which 72... #CarLease #LeasedCars #LeasedCarsinUkraine
Industrial production declined for the first time since March. For the first time since March 2021, industrial production in Ukraine showed declined in September by 0.9% on a year-on-year basis. In September, the seasonally adjusted index of industrial production... #IndustrialProduction #Manufacturing #UkraineIndustrialProduction
Zelensky to attend the 26th UN Climate Change Conference of Parties (COP26) in Glasglow in late October. The announcement was made by the Foreign Minister, Dmytro Kuleba.
Ukraine remains on the European Union’s “green” list for travel, but not for Malta. The EU did not review the list of third countries whose citizens that EU member countries are recommended to lift entry restrictions this week. Ukraine remains on the green list. Malta has included Uk... #TraveltoEU #TraveltoMalta
Editor’s note: The Zelensky administration is promoting affordable loans at affordable rates. At last, Ukrainians can afford to purchase real estate without the eye-watering interest rate charges of the past. Ukrain...
According to the Chairman of NBU, Kyrylo Shevchenko, the key risks for the Ukrainian economy, are a significant increase in quarantine and a larger than expected inflation surge. The growing incidence of Covid, and the low level of vaccination threaten Ukraine with a severe lockdown. Economic ... #KeyRisksforUkraine #KyryloShevchenko #nbu
The United Kingdom is in talks to sell armaments to Ukraine , reported The Times. This is the first time that the UK has considered Ukraine to be a market for arms, and comes amid concerns that Russia could exploit the gas crisis to seize territory. The Minist... #UKandUkraine #UKarmaments #UKarmsArmamentsforUkraine
Ukrzaliznytsia tender for the purchase of 80 new trains. The national rail operator has extended the tender period by a month, until December 1st, for the submission of bids for the purchase of 80 new suburban and regional trains. It is noted that the compa... #NewTrainsTender #Ukrzaliznytsia #UZbuysTrains #UZtrains
Construction of a new runway has begun at Dnipro Airport (gov.ua). Onur Construction has commenced construction of the new runway at Dnipro Airport. After the improvements have been completed, Dnipro airport will expand its capacity, and be able to accept l... #DniproAirport #DniproAirportConstruction #DniproRunaway
European low-cost airline Vueling will open direct flights from Kyiv to Paris. The Spanish low-cost airline will have scheduled direct flights between the Ukrainian and French capitals twice a week. Vueling will have its first flight from Boryspil Airport from December 5 with ti... #Vueling #VuelingAirlines #VuelinginUkraine
Prices for public transport in Kyiv to increase, announced the First Deputy Head of the Kyiv City State Administration, Mykola Povoroznyk. “This is an unpopular step that we have to take in order to maintain the stable operation of municipal carrier... #KyivPublicTransport #KyivTransport
Rules of entry into Ukraine updated. How the Vdoma app will operate from now on. When crossing the state border of Ukraine unvaccinated people will need to install the Vdoma (At Home – ed.) application for 72 hours prior to entry and hav... #EnterUkraineRules #TaveltoUkraineRules
Editor’s note: During the last 2 months, UBN had published a substantial amount of news about airlines expanding their business into Ukraine. Ryanair, WizzAir, SkyUP, and many other major carriers are entering the m...
The level of the Electricity imports since April 2021 has been extremely low, reported Ukrenergo. In September, the total volume of imports of 0.028 million kWh. The lowest amount since the commencement of the new market in July 2019. Electricity exports have also continued to ... #electricityExport #ElectricityImport #UkraineElectricityExport #UkrenergoUkraine
Naftogaz signed the first three memorandums during the Ukrainian Gas Investment Congress in Kyiv. The first memorandum was signed with Ireland Dragon Oil on the exploration and development of deposits in the Black Sea. The second memorandum with the Azerbaijani oil producer Socar, the develop tech... #GasExploration #GasInvestmentCongress #GasMemorandums #Naftogaz #UkraineGasExploration
The Cabinet of Ministers terminated the powers of the last member of the Ukrzaliznytsia Supervisory Board. The Cabinet of Ministers approved the early termination of Auditskas Adomas, a member of the supervisory board as a representative of the state, reported epravda.com #Ukrzaliznytsia #UkrzaliznytsiaSupervisoryBoard.
Moldova’s foreign minister will visit Ukraine. The Deputy Prime Minister and Minister of Foreign Affairs and European Integration of the Republic of Moldova, Nicolae Popescu, will make a working visit to Ukraine on October 21-22. “The key topics o... #MoldovaandUkraine #NicolaePopescu #NicolaePopescuwillvisitUkraine
Editor’s note: Ukrainian government bonds are a very attractive investment. Not just for external investors, but Ukrainians investing in domestic securities. On average US government bonds have yields 1%-2%, whereas...
USA to support defense reform in Ukraine until the country reaches NATO membership criteria reported Interfax. Speaking during a recent visit to Kyiv, the US Secretary of Defense, Lloyd Austin, said that NATO allies pledged support for Ukraine in its intentions to become a full member of NAT... #DefenseUkraine #LloydAustin #UkraineNATO #USsupportsUkraine
New rotations in the Cabinet of Ministers. The Minister of Environment and Natural Resources, Roman Abramovsky, would like to resign. This announcement was made by the leader of the Servant of the People faction, David Arahamiya, during a rece... #MinistersResigning #MinistryofUkraine #NewMinisters
The head of the National Bank of Ukraine to be replaced. President Volodymyr Zelensky wants to dismiss the head of the NBU, Kyryl Shevchenko. Andriy Yermak, who is the head of the President’s Office is looking for candidates to replace him. The upcomi... #headofNBU #NBUdirectorShevchenko
The State Service of Geology and Subsoil sold 200 lots at electronic auctions, half of which were sold in 2021. During a speech at the VI Kyiv conference “Newfolk NCC”, the head of Gosgeonadr Roman Opimakh stressed that for a year and a half the service provided subs... #GasExploration #gasmining #SubsoilPermits #subsoilpermitsauction
Court of Appeal has set a dangerous precedent in Ukrzaliznytsia -VR Global Partners case that would reduce the ability of Ukrainian banks to manage their bad loans exposure. In September, a Court of Appeal upheld Ukrzaliznytsia’s bid to invalidate an agreement by which the US-based fund, ... #UkrzaliznytsiaVRglobalPartners #UZdebt #UZnpl #VRGlobalPartners
Judicial reform, anti-corruption reform to accelerate, said President Zelenskiy during an interview on the Ukrainian tv channel, ICTV. The President believes that in the near future the anti-corruption agencies of Ukraine will resume their work in full, a... #JudicalReform #UkraineJudicalReform
The EU welcomed the adoption of the law on the status of NABU. The Head of the EU Delegation to Ukraine, Matti Maasikas, welcomed the adoption by the Verkhovna Rada of a draft law on amendments to the legislation on the National Anti-Corruption Bureau of Ukraine.... #AntiCorruptionBureau #NABU
947 loan agreements worth UAH 816 mln were issued under the Affordable Mortgage program, reported the Ministry of Finance. As of October 18, banks that are authorized banks to undertake loans in the State Program “Affordable Mortgage 7%” signed 947 loan agreements totaling UAH... #MortgageProgram #MortgagesUkraine
Rolled metal demand in Ukraine increased by 16.25% . Local demand for rolled metal in Ukraine in the period from January to September 2021 was 3.83 million tons. The figure increased by 16.25% compared to the same period in 2020, reported “Ukrme... #RolledMetalDemand #UkraineRolledMetal #Ukrmetalurgprom
Ukraine and Canada to begin construction of a spaceport in Nova Scotia. Construction of a spaceport will commence so that it will be able to launch spacecraft by the Ukrainian Cyclone-4M LV vehicle by late 2023. The announcement was made by the Deputy Prime Minister and H... #CanadaUkraine #Cyclone4MLV #SpacePortconstruction
Ukrainian cattle to be exported to Libya, reported the Ministry of Foreign Affairs of Ukraine. An agreement has been signed between Ukraine and Libya to export breeding cattle from Ukraine to Libya. #CattleExport #CattleforLibya #LibyaandUkraine
Epicentr K purchased the Zhytomyr Hosiery Factory. The building where a hosiery factory was located for more than 80 years is being demolished. The premises were sold by Oleksandr and Halyna Hereha (Zhytomyr.info). The new owner has started to dismant... #EpicentrK #EpicentrZhytomyr #OleksandrHereha
Editor’s note: The Ukrainian government has difficulties keeping Ministers in its Cabinet. It has been 3 months since more than half of the Ministers in the current government were fired, and we see the same scenari...
The government estimates economic growth at 2.9% in 8 months. The Ministry of Economy reported that in the first 8 months of 2021 GDP grew by 2.9%. In August 2021, almost all major economic activity, except for wholesale trade, demonstrated an increase in volume... #EconomyEconomyGrowth #EconomyGrowth #UkraineGrowth
The Index of business expectations is growing, reported bank.gov.ua. The index of business expectations of enterprises grew to 114.3% in comparison to 112.3% in the second quarter. The growth was due to improved estimates of total sales of own pro... #BusinessExpectation #UkraineBusinessExpectation
Domestic flights on sale on airBaltic routes within Ukrainian cities. AirBaltic has announced a green ticket sale – travel from Kyiv and Odessa to the Baltic countries from €25 one way and from €49 round trip. Details can be found here. #AidBalticUkraine #AirBalticflights #AirBalticsale
Heavily discounted flights from Ryanair to European destinations with tickets priced from €5! The budget Irish carrier, Ryanair, is selling tickets at the heavily discounted price of €9.9 on their booking system. Some routes are priced from € 4.9, as well as many destinations for €7.9! The dis... #CheapflightsRyanair #Ryanair #RyanAirflights
