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Monday, November 9

Kyrylo Shevchenko, Governor of the National Bank of Ukraine, is in Washington all week, meeting with IMF and World Bank officials Kyrylo Shevchenko, Governor of the National Bank of Ukraine, is in Washington all week, meeting with IMF and World Bank officials, the Central Bank posted on Facebook. Five months after the signing of...

“Spat between Zelenskiy and Ukraine’s top court concerns EU,” “Spat between Zelenskiy and Ukraine’s top court concerns EU,” headlines a Deutsche Welle story highlighting the threat to IMF and Western aid posed by Ukraine’s Constitutional Court moves ...

The World Bank will loan $100 million to rebuild roads and to promote farming and small business investment in the government-controlled half of Luhansk region, the Bank Board voted Friday. The World Bank will loan $100 million to rebuild roads and to promote farming and small business investment in the government-controlled half of Luhansk region, the Bank Board voted Friday. “Thousands...

Vitali Klitschko has been re-elected for a third term as mayor of Kyiv Vitali Klitschko has been re-elected for a third term as mayor of Kyiv, the local election commission announced. Friday. In the Oct. 25 election, Klitschko won 50.5%, or 365,161 votes, escaping a runo...

Tweeting from Luhansk region on Saturday, President Zelenskiy thanked the World Bank “for supporting Ukraine’s territorial integrity.” Tweeting from Luhansk region on Saturday, President Zelenskiy thanked the World Bank “for supporting Ukraine’s territorial integrity.” In Luhansk, Zelenskiy inspected a new checkpoint at Shchast...

Pro-EU parties won most of the votes in the Kyiv City Council election Pro-EU parties won most of the votes in the Kyiv City Council election. The ranking was: European Solidarity — 20.5%; Klitschko’s UDAR — 20%; Unity — 9%; Pro-Russia Opposition Platfo...

In the 103 days of ceasefire in the Donbas, “the number of attacks has decreased 5.5-fold [year over year] and the number of killed Ukrainian servicepersons has decreased 10-fold In the 103 days of ceasefire in the Donbas, “the number of attacks has decreased 5.5-fold [year over year] and the number of killed Ukrainian servicepersons has decreased 10-fold,” Zelenskiy told a gr...

With the number of Ukraine’s new coronavirus cases now averaging 10,000 a day, the Rada approved on Friday a law empowering police to issue fines of $6 to 9 to people who do not wear masks in enclosed public spaces With the number of Ukraine’s new coronavirus cases now averaging 10,000 a day, the Rada approved on Friday a law empowering police to issue fines of $6 to 9 to people who do not wear masks in enclosed...

The government is elaborating a Donbas economic development strategy document to submit next spring to the Rada, along with implementing legislation, said Reznikov who is a Deputy Prime Minister. The government is elaborating a Donbas economic development strategy document to submit next spring to the Rada, along with implementing legislation, said Reznikov who is a Deputy Prime Minister. Deve...

Starting today, Slovakia is restricting crossing at its two border checkpoints with Ukraine Starting today, Slovakia is restricting crossing at its two border checkpoints with Ukraine, citing high coronavirus rates on both sides of the border. Cargo trucks are to cross unimpeded. For similar...

Ukraine’s ‘lost decade’ of economic growth cost the nation $1 trillion in GDP Ukraine’s ‘lost decade’ of economic growth cost the nation $1 trillion in GDP, Prime Minister Shmyhal told the Rada Friday. Presenting a national ‘economic audit,’ he said: “Ukrainian citizens lost on...

Drawing on a new document, Drawing on a new document, National Economic Strategy 2030, the Prime Minister targeted these areas for growth in the 2020s:

Minerals, oil and gas Minerals, oil and gas — $400 billion. He said only one third of 12,000 known deposits are being developed.

Water resources Water resources – hydropower, irrigation, fisheries and river navigation — $12 billion. He called for increasing river cargo to 20 million by 2025, double last year’s level.

Friday, November 6

China nearly doubled its imports from Ukraine of sunflower meal during the marketing year that ended in August China nearly doubled its imports from Ukraine of sunflower meal during the marketing year that ended in August. China boosted its imports of this protein rich food additive to 1.8 million tons, 43% of...

Allseeds Group Allseeds Group, a major Ukrainian manufacturer and exporter of vegetable oils and meals, has debuted in the American capital market, raising $10 million in commodity financing arranged by Kyiv’s Skarb...

Sunflower seed refineries are working at reduced capacity in Ukraine, the source of 55% of internationally traded sunflower oil Sunflower seed refineries are working at reduced capacity in Ukraine, the source of 55% of internationally traded sunflower oil, reports the national sunoil producers association. Due to drought, suno...

Kernel, Kernel, the world’s largest sunflower oil producer and exporter, has agreed to buy back early $287 million of its 2022 bonds, placed at 8.75%. The company will pay $303 million for the bonds, largely ...

Metinvest’s new 2027 Eurobond joins three other Metinvest dollar denominated bonds on Metinvest’s new 2027 Eurobond joins three other Metinvest dollar denominated bonds on JPMorgan’s corporate emerging markets bond index — CEMBI Broad and CEMBI Broad Diversified. Inclusion on the...

Ukraine has the potential to attract as much as $73 billion in green bonds during this decade, Ukraine has the potential to attract as much as $73 billion in green bonds during this decade, Deputy Energy Minister Yaroslav Demchenkov says, citing calculations by the World Bank’s International Fi...

Ukrzaliznytsia plans to spend nearly $1 billion next year on capital improvements – locomotives, freight cars, passenger cars, and electrification of two sections of track – Ukrzaliznytsia plans to spend nearly $1 billion next year on capital improvements – locomotives, freight cars, passenger cars, and electrification of two sections of track – Volodomyr Zhmak, the new C...

With new coronavirus cases approaching 10,000 a day, the government is drawing up new controls that could be implemented as early as Monday. With new coronavirus cases approaching 10,000 a day, the government is drawing up new controls that could be implemented as early as Monday. “The Ukrainian economy should not suffer from a total lockd...

DTEK is investing $10 million this year to construct Ukraine’s first fully automated electric substation. DTEK is investing $10 million this year to construct Ukraine’s first fully automated electric substation. Increasingly common in Western Europe, this kind of substation is entirely enclosed and contro...

Ukraine’s new infections tripled over the last six weeks Ukraine’s new infections tripled over the last six weeks. But, Ukraine is a part of a second wave that is provoking new lockdowns across most of the EU. In Worldometer’s index of new cases per 1 milli...

With Ukraine’s hospitals filling up, the Cabinet of Ministers has ordered regional authorities to set up makeshift hospitals in Kyiv, Kramatorsk and Odesa. With Ukraine’s hospitals filling up, the Cabinet of Ministers has ordered regional authorities to set up makeshift hospitals in Kyiv, Kramatorsk and Odesa. “No matter what amount of beds we add, the c...

In Kyiv, where new infections are almost 1,000 a day In Kyiv, where new infections are almost 1,000 a day, Mayor Klitschko has ordered police to strictly enforce rules on wearing masks in buses and subway trains – a major vector for corona infections. N...

Responding to the pandemic, 39% of Ukrainian CEOs polled by KPMG have accelerated digitalization of their business, and 42% plan to reduce office space Responding to the pandemic, 39% of Ukrainian CEOs polled by KPMG have accelerated digitalization of their business, and 42% plan to reduce office space, according to a new study for the international ...

While the pandemic hurt hotels, restaurants and airlines While the pandemic hurt hotels, restaurants and airlines, delivery companies saw their business boom. Last week, Lviv-based Meest Express told Interfax-Ukraine: “With the likely [re]introduction of a ...

The government’s standoff with the Constitutional Court has settled into an impasse. The government’s standoff with the Constitutional Court has settled into an impasse.

NV reports NV reports that the four judges who voted against the controversial Oct. 27 decision on anti-corruption legislation have temporarily refused to participate in the Court’s work. At the same time, the R...

Prime Minister Shmygal asserted to reporters yesterday that the IMF is understanding of the situation: Prime Minister Shmygal asserted to reporters yesterday that the IMF is understanding of the situation: “Because Ukraine clearly declares and shows its European intentions, intentions to continue and a...

Thursday, November 5

PrivatBank is asking the National Police to investigate threats of personal violence received by its “top manager.” PrivatBank is asking the National Police to investigate threats of personal violence received by its “top manager.” In 2016, the bank was nationalized after auditors discovered a $5.5 billion hole in ...

Creating a digital enclave economy, Ukraine plans to more than triple the IT share of Ukraine’s GDP, from 3% today to 10% by the end of Zelenskiy’s term, in 2024, Creating a digital enclave economy, Ukraine plans to more than triple the IT share of Ukraine’s GDP, from 3% today to 10% by the end of Zelenskiy’s term, in 2024, Mikhail Fedorov, Digital Transformati...

Ukraine’s stores and restaurants would be banned from distributing conventional plastic bags within 14 months, Ukraine’s stores and restaurants would be banned from distributing conventional plastic bags within 14 months, under a bill that the Rada has approved for second reading. Starting Jan. 1, 2022, retail...

Ukrainian cell phone operators will lose up to $35 million this year due to the loss of roaming revenue Ukrainian cell phone operators will lose up to $35 million this year due to the loss of roaming revenue stemming from the corona-era drop in travel, Olha Ustynova, director general of Vodafone Ukraine...

Rebuilding Dnipro airport will get one third of $157 million of budget money dedicated to upgrading airports next year, Rebuilding Dnipro airport will get one third of $157 million of budget money dedicated to upgrading airports next year, Infrastructure Minister Vladyslav Krikliy writes on Facebook. Other money will g...

Targeting two countries that still allow Ukrainian visitors Targeting two countries that still allow Ukrainian visitors, SkyUp will make three flights to Uzbekistan this month and will start flights to Istanbul in December, from Lviv and Odesa. To enter Uzbeki...

Ukrainian airlines have let go about 30% of their employees over the last six months Ukrainian airlines have let go about 30% of their employees over the last six months, Infrastructure Minister Vladyslav Krykliv tells Ukrinform. Last summer, SkyUp said it had lost $30 million and UIA...

Finance Minister Sergiy Marchenko warns that Constitutional Court decisions to nullify anti-corruption agencies threatens $5 billion in IMF, EU and World Bank aid Finance Minister Sergiy Marchenko warns that Constitutional Court decisions to nullify anti-corruption agencies threatens $5 billion in IMF, EU and World Bank aid scheduled for Ukraine over the next y...

“Anti-corruption factors of these agreements are inviolable,” “Anti-corruption factors of these agreements are inviolable,” the Finance Minister writes of contracts for multi-lateral aid to Ukraine. “Any of our attempts to block anti-corruption reforms are consi...

Specifically, a $300 million World bank loan to counter COVID-19 was scheduled for negotiations on Nov. 16, Specifically, a $300 million World bank loan to counter COVID-19 was scheduled for negotiations on Nov. 16, and approval by the World Bank Board on Dec. 11. “However, due to the decision of the CCU, t...

President Zelenskiy’s Rada bill to fire the entire Constitutional Court is failing to win parliamentary support President Zelenskiy’s Rada bill to fire the entire Constitutional Court is failing to win parliamentary support. Instead, the Anti-Corruption Committee has endorsed a bill to restore the online system...

Concorde Capital’s Zenon Zawada writes: Concorde Capital’s Zenon Zawada writes: “We expect parliament to approve gradually the necessary legislation to meet EU requirements. However, it’s another issue of whether the courts – particularly t...

60% of respondents to a new poll do not trust the Constitutional Court and an equal number support Zelenskiy’s bill to purge the membership. 60% of respondents to a new poll do not trust the Constitutional Court and an equal number support Zelenskiy’s bill to purge the membership. Among respondents who are familiar with the Court’s recent ...

Abolition of visa-free travel to the EU – a threat aired this week by EU officials – is opposed by 55% of adults interviewed by Rating. Abolition of visa-free travel to the EU – a threat aired this week by EU officials – is opposed by 55% of adults interviewed by Rating. Highest negativity was registered among: young people, residents...

German investors believe that the main problem in Ukraine is not corruption, but courts and judicial agencies German investors believe that the main problem in Ukraine is not corruption, but courts and judicial agencies, Germany’s ambassador to Ukraine Anka Feldhusen tells Interfax-Ukraine. “What always scare...

Avellana Gold is investing $5 million to clean up 130,000 tons of waste in order to re-launch production at Ukraine’s only gold mine. Avellana Gold is investing $5 million to clean up 130,000 tons of waste in order to re-launch production at Ukraine’s only gold mine. The waste was left a decade ago by the previous producer at the si...

Wednesday, November 4

Emboldened by the warmest October on record, Infrastructure Minister Vladyslav Krikliy proposes investing in improved river locks to allow year round shipping on the Dnipro. Emboldened by the warmest October on record, Infrastructure Minister Vladyslav Krikliy proposes investing in improved river locks to allow year round shipping on the Dnipro. “Our plans are to carry ou...

A $20-40 million rebuilding project is needed for all six locks, A $20-40 million rebuilding project is needed for all six locks, Ukrvodshlyakh, or Ukrainian Waterways, reported last year, concluding that all are “unusable for normal operation” or in “emergency” st...

October’s exports were up 1.3% yoy and up 10.4% over September October’s exports were up 1.3% yoy and up 10.4% over September, Taras Kachka, deputy minister of Economic Development, Trade and Agriculture, writes on Facebook. October’s exports of $4.7 billion redu...