Partners news

Wednesday, November 18

“As US vice president, Biden was at the forefront of an anti-corruption reform agenda that aimed to facilitate Ukraine’s integration into the Euro-Atlantic community,” “As US vice president, Biden was at the forefront of an anti-corruption reform agenda that aimed to facilitate Ukraine’s integration into the Euro-Atlantic community,” Peter Dickinson writes in an Atl...

With the third departure in six weeks, the purge of pro-Western reformers from Ukraine’s defense industry continued with Monday’s abrupt firing of Volodomyr Usov, the head of Ukraine’s Space Agency With the third departure in six weeks, the purge of pro-Western reformers from Ukraine’s defense industry continued with Monday’s abrupt firing of Volodomyr Usov, the head of Ukraine’s Space Agency. O...

By creating transparently run companies, the directors hoped to open doors to join ventures with foreign, NATO-standard companies By creating transparently run companies, the directors hoped to open doors to join ventures with foreign, NATO-standard companies wary of getting tarred by corrupt practices at state defense manufactu...

Tuesday, November 17

“To attract investors, and indeed to keep existing investors, Ukraine needs a stable and predictable business climate “To attract investors, and indeed to keep existing investors, Ukraine needs a stable and predictable business climate that builds confidence in Ukraine as an attractive investment destination,” reads ...

With the overdue electricity bill estimated at $800 million, With the overdue electricity bill estimated at $800 million, the Ambassadors said the government has not yet moved to use budget money to pay for 20% of the bill and to pay the rest through hryvnia bo...

Worldwide, production of electricity from renewable sources is to grow by 7% this year and capacity is to grow by 10% next year, Worldwide, production of electricity from renewable sources is to grow by 7% this year and capacity is to grow by 10% next year, International Energy Agency reports in its new forecast, “Renewables 20...

In Ukraine, a surge of renewable projects pushed production of electricity from solar, wind, biomass up by 120% In Ukraine, a surge of renewable projects pushed production of electricity from solar, wind, biomass up by 120% through August yoy, to 7.7 gigawatts, reports the Energy Ministry. Renewables share of n...

Despite the overdue power bill and cuts in solar rates of 10-15%, new solar projects continue to be commissioned across Ukraine: Despite the overdue power bill and cuts in solar rates of 10-15%, new solar projects continue to be commissioned across Ukraine:

In Kyiv, DTEK Grids has connected its first industrial size solar plant atop an apartment building. In Kyiv, DTEK Grids has connected its first industrial size solar plant atop an apartment building. Built by the Avrora Term Company the array atop a building in Troieshchyna has 1,200 solar panels an...

In Izmail, on the Danube, UDP Renewables puts into operation this month two stages of Gudzovka-Solar, a €21 million, 24.4 MW investment. In Izmail, on the Danube, UDP Renewables puts into operation this month two stages of Gudzovka-Solar, a €21 million, 24.4 MW investment. Mykola Tymoshchuk, CEO of UFuture, investor in UDP, says: “Desp...

In Zhytomyr region, Naftogaz starts producing and selling electricity this month from its new 33.3 MW plant at Chudniv. In Zhytomyr region, Naftogaz starts producing and selling electricity this month from its new 33.3 MW plant at Chudniv. Implemented by Naftogaz-Energoservice, the project is to be followed by more sol...

In Sumy region, Germany’s Nord Areal Energy GmbH has started construction of a 6 MW solar plant in In Sumy region, Germany’s Nord Areal Energy GmbH has started construction of a 6 MW solar plant in Trostyanets. About 100km to the northwest in Bilopillya, the same German company plans to build a maj...

Germany is offering to €20 million to a new, international fund to convert six single industry Ukrainian coal mining towns to new uses, Germany is offering to €20 million to a new, international fund to convert six single industry Ukrainian coal mining towns to new uses, Peter Altmaier, Germany’s minister for Economic Affairs and Ener...

Ukraine’s economy rebounded in the third quarter, increasing by 8.5% compared to the disastrous second quarter, Ukraine’s economy rebounded in the third quarter, increasing by 8.5% compared to the disastrous second quarter, reports the State Statistics Service. In the second quarter, the economy plunged 11.4%, ...

Adoption of a transparently regulated taxi market in Ukraine would bring the business out of the shadows, allowing companies to help drivers buy or lease better cars Adoption of a transparently regulated taxi market in Ukraine would bring the business out of the shadows, allowing companies to help drivers buy or lease better cars, Georgy Sokolyansky, Uber’s develo...

Ukraine says Iran is dragging its feet on investigating the downing of the UIA passenger jet last January Ukraine says Iran is dragging its feet on investigating the downing of the UIA passenger jet last January by not sharing information and not responding to requests for cooperation., Deputy Prosecutor ...

About $110 million will be invested next year in 10 regional airports, largely for runway and navigational improvements About $110 million will be invested next year in 10 regional airports, largely for runway and navigational improvements, according to Kirill Khomyakov, head of Ukrinfraproekt, the State Agency for Inf...

Ukraine’s big debt to foreign investors in wind and solar energy threatens future foreign investment in other areas, Ukraine’s big debt to foreign investors in wind and solar energy threatens future foreign investment in other areas, the Ambassadors of 11 OECD countries warned Prime Minister Shmyhal in a letter Frid...

Monday, November 16

The EBRD is ready to loan Ukraine €200 million to conduct a nationwide inventory of mineral deposits and to prepare promising deposits for mining through transparent auctions of licenses The EBRD is ready to loan Ukraine €200 million to conduct a nationwide inventory of mineral deposits and to prepare promising deposits for mining through transparent auctions of licenses, Prime Minist...

As Europe’s largest nation, mineral-rich Ukraine could play a key role in ensuring EU security of supply. As Europe’s largest nation, mineral-rich Ukraine could play a key role in ensuring EU security of supply. Citing the possibility of building a battery plant in Ukraine for electric cars and buses, Shm...

Shmyhal told the Rada on Nov. 6 that proper development of mining could generate $400 billion in economic activity over the next decade Shmyhal told the Rada on Nov. 6 that proper development of mining could generate $400 billion in economic activity over the next decade. Ukraine has road and rail links with its four EU neighbors – Po...

Amber, gold, kaolin, and manganese are among the 11 mineral and groundwater deposits that go up for electronic auction Dec. 23 Amber, gold, kaolin, and manganese are among the 11 mineral and groundwater deposits that go up for electronic auction Dec. 23, reports the State Service of Geology and Subsoil. The next auction will ...

With imports falling faster than exports, Ukraine recorded a $531 million trade surplus for January-September With imports falling faster than exports, Ukraine recorded a $531 million trade surplus for January-September, compared to a $4.2 billion deficit during the same nine months last year.

For services, IT helped save the day as Ukraine’s balance of trade in this area showed a $4.4 billion surplus For services, IT helped save the day as Ukraine’s balance of trade in this area showed a $4.4 billion surplus, reports the State Statistics Service. Compared to the first three quarters of last year, ...

For goods, China saved the day For goods, China saved the day by increasing its purchases of Ukrainian goods by 86%, to $4.8 billion, and cutting its imports by 12%, to $5.8 billion. Overall, Ukraine’s deficit of foreign trade in g...

Alexander Lukashenko, the self-appointed president of Belarus threatened Friday to cut off trade with Ukraine Alexander Lukashenko, the self-appointed president of Belarus threatened Friday to cut off trade with Ukraine, reports BelTA, the state news agency. “You watch out because we could shut the border for...

In the five months since the Kyiv Metro reopened in late May, ridership is down by 38% yoy In the five months since the Kyiv Metro reopened in late May, ridership is down by 38% yoy, to 132.8 million passengers, the subway system reports. The busiest stations are on the Red Line – Vokzalna ...

With Ukraine reporting a record 12,524 new Covid cases Saturday morning, police fanned out across the nation, fining and closing businesses found violating the ‘weekend quarantine. With Ukraine reporting a record 12,524 new Covid cases Saturday morning, police fanned out across the nation, fining and closing businesses found violating the ‘weekend quarantine.’ By noon yesterday,...

Retailers and regional politicians pushed back with at least eight regional capitals – or one third of the total — refusing to participate. Retailers and regional politicians pushed back with at least eight regional capitals – or one third of the total — refusing to participate. In Lviv, Mayor Andriy Sadoviy, who faces a tight runof...

“Lviv has always been and is a city of small and medium-sized businesses, “Lviv has always been and is a city of small and medium-sized businesses, and 50,000 Lviv residents and their families can suffer from this decision,” he said, echoing the complaints of other mayors a...

The pushback comes as architects of the limited quarantine now wage their own personal battles with coronavirus. The pushback comes as architects of the limited quarantine now wage their own personal battles with coronavirus. On Saturday, Health Minister Maksym Stepanov announced that he had tested positive for ...

In Kyiv, about 1,000 new infections are reported daily In Kyiv, about 1,000 new infections are reported daily by Mayor Klitschko.In the eight months since the first case was recorded in Ukraine, almost 1,000 people have died of coronavirus complications i...

At present, patients occupy about 60% of the 52,000 beds in the nation’s coronavirus wards. At present, patients occupy about 60% of the 52,000 beds in the nation’s coronavirus wards. Although more beds are being added, only 38% of the 52,000 beds are equipped with oxygen. On Friday, the day...

Friday, November 13

Wind and solar investments account for one quarter of the €49 billion of foreign direct investment in Ukraine since Independence in 1991. Wind and solar investments account for one quarter of the €49 billion of foreign direct investment in Ukraine since Independence in 1991. However, €660 million in unpaid electricity bills is forcing f...

Carl Sturen, the Swedish managing director of wind power developer Vindkraft, said: Carl Sturen, the Swedish managing director of wind power developer Vindkraft, said: “We are lagging behind on our payments and we definitely can’t wait.” Sergii Shakalov, CEO of Kness Group, a solar p...

The Government’s The Government’s Guaranteed Buyer says it has paid all for renewable energy generated in August and for 93% of power produced in September. The press service of the Ministry of Energy reports that the...

China’s Sinohydro Corporation Limited intends to file an international arbitration claim for Ukravtodor’s termination two weeks ago of its contract for construction of a bypass highway around Zhytomyr China’s Sinohydro Corporation Limited intends to file an international arbitration claim for Ukravtodor’s termination two weeks ago of its contract for construction of a bypass highway around Zhytomyr...

Coming as Ukraine seeks public-private partnerships with foreign road construction companies, Sinohydro says its treatment should serve as a warning. Coming as Ukraine seeks public-private partnerships with foreign road construction companies, Sinohydro says its treatment should serve as a warning. “It is difficult for the company to understand why...

The recent decision by Ukraine’s Constitutional Court to dismantle anti-corruption legislation is the biggest impediment to a restoration of IMF loans flows to Ukraine, The recent decision by Ukraine’s Constitutional Court to dismantle anti-corruption legislation is the biggest impediment to a restoration of IMF loans flows to Ukraine, Kyrylo Shevchenko, governor of ...

Concorde Capital’s Alexander Paraschiy reads between the lines of this “sobering statement” and concludes: Concorde Capital’s Alexander Paraschiy reads between the lines of this “sobering statement” and concludes: “No IMF tranche in 2020, meaning IMF-related financing of Ukraine’s 2020 budget deficit (from...

In London, Timothy Ash polled his Twitter followers about Ukraine’s IMF prospects. In London, Timothy Ash polled his Twitter followers about Ukraine’s IMF prospects. He posted on @tashecon this breakdown of the 260 replies: IMF money this year – 15%; IMF money in Q1 – 27%; IMF money...

Covid accomplishes what Zelenskiy cannot. Covid accomplishes what Zelenskiy cannot. Covid has paralyzed the Constitutional Court, with the majority of the 15-member court “either sick or awaiting test results because they have symptoms of cor...

Zelenskiy and his chief of staff, Andriy Yermak, are being treated for Covid at Feofania Clinic, Zelenskiy and his chief of staff, Andriy Yermak, are being treated for Covid at Feofania Clinic, the southern Kyiv hospital reserved for high level officials. Two ministers reported this week that the...

With the nationwide ‘weekend lockdown’ starting after midnight tonight, there is scattered resistance. With the nationwide ‘weekend lockdown’ starting after midnight tonight, there is scattered resistance. The leaders of Lviv, Rivne and Sloviansk say they will not follow the rules. Epicenter, one of th...

Upside of global warming Upside of global warming: the shipping season on the Dnipro will be extended by two weeks this year, to Dec. 1, reports the State Maritime and River Transport Service. The four northernmost locks R...

Ukraine will invest $70 million next year to revive regular production of aircraft at Antonov and to “master the full production of helicopters,” Ukraine will invest $70 million next year to revive regular production of aircraft at Antonov and to “master the full production of helicopters,” Prime Minister Shmyhal told the Cabinet Tuesday. The m...

Russia has decided to its close trade missions in two of its Western neighbors, Ukraine and Lithuania, and to open a mission in Syria. Russia has decided to its close trade missions in two of its Western neighbors, Ukraine and Lithuania, and to open a mission in Syria. Russia-Ukraine trade steadily dropped after 2014, the year Russia...

Russia’s last trade office in the Baltics was in Lithuania Russia’s last trade office in the Baltics was in Lithuania. Trade during the first half of this year dropped by almost one third, compared to the first half of 2019. An official note accompanying the ...

Thursday, November 12

Central bank governor Kyrylo Shevchenko is in Washington this week, trying to revive the stalled IMF deal. Against that background, Concorde Capital’s Central bank governor Kyrylo Shevchenko is in Washington this week, trying to revive the stalled IMF deal. Against that background, Concorde Capital’s Evgeniya Akhtyrko writes: “A significant increase...

Starting at midnight tomorrow night, Ukraine embarks on the first of three ‘weekend lockdowns’ – partial shutdowns where restaurants, shopping centers and fitness centers will be closed through Sunday nights. Starting at midnight tomorrow night, Ukraine embarks on the first of three ‘weekend lockdowns’ – partial shutdowns where restaurants, shopping centers and fitness centers will be closed through Sunday...