The Constitutional Court is digging in its heels. The Constitutional Court is digging in its heels. One judge, Ihor Slidenko, told UNIAN news agency that Zelesnkiy, by threatening to dismissed the entire bench “has talked his way into 150 years in pr...
“Zelensky is fighting back against state capture,” headlines an editorial yesterday in the Financial Times. “Zelensky is fighting back against state capture,” headlines an editorial yesterday in the Financial Times. “Pro-Russian and oligarch-linked politicians have been using a corrupt court system to aboli...
Reviewing Zelenskiy’s choices, the FT advises: Reviewing Zelenskiy’s choices, the FT advises: “He needs to work with other parties and civil society to build as wide a consensus as possible. As a textbook populist, Mr Zelensky seemed to expect ins...
In one sign the confrontation could have an economic impact In one sign the confrontation could have an economic impact, Ukraine’s central bank sold $150 million last week to defend the hryvnia. The national currency is slowing devaluing, currently trading at ...
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...
Helping Ukraine’s balance of payments, migrant workers sent home $1 billion in September, up 6% over August Helping Ukraine’s balance of payments, migrant workers sent home $1 billion in September, up 6% over August, TSN reported, citing new National Bank of Ukraine numbers. Despite the obstacles created by...
By raising yields, the Finance Ministry was able to raise on Tuesday its volume of bond sales almost five-fold from the volume sold at last week’s auction By raising yields, the Finance Ministry was able to raise on Tuesday its volume of bond sales almost five-fold from the volume sold at last week’s auction. Totaling the hryvnia equivalent of $68.5 mil...
Kyiv intends to issue hryvnia bonds for the total dollar equivalent of $53 million. Kyiv intends to issue hryvnia bonds for the total dollar equivalent of $53 million. The four series of bonds will carry annual yields up to 11%. Yesterday, Fitch Ratings assigned the expected long-ter...
Ukrainians continue to migrate from cash to cards Ukrainians continue to migrate from cash to cards, according to the latest numbers from the National Bank of Ukraine. For the first nine months of this year, the number of transactions was up 18% yoy,...
Constitutional Court rulings to destroy Ukraine’s anti-corruption agencies threaten EU aid and the visa-free regime for Ukrainians to visit the EU Constitutional Court rulings to destroy Ukraine’s anti-corruption agencies threaten EU aid and the visa-free regime for Ukrainians to visit the EU, Peter Stano, the EU’s foreign affairs spokesman, war...
With no resolution in sight, Adamant Capital concludes there will be no more IMF aid this year “Such a rollback also means that the country no longer fulfills the necessary requirements to continue receiving support from the IMF and other IFIs,” the Kyiv-based financial firm wrote last night of...
Concorde Capital’s Zenon Zawada predicts: Concorde Capital’s Zenon Zawada predicts: “The president’s legislation won’t be approved by parliament, with even a sizable portion of the members of The People’s Servant faction being opposed. Instea...
Ukraine’s c Ukraine’s corporate profits took a beating during the first half of this year, falling by $3.3 billion on a cumulative basis, reports the State Statistics Service. After plunging by $4.4 billion durin...
Russian gas transit through Ukraine’s pipeline system is down 38.4% this year Russian gas transit through Ukraine’s pipeline system is down 38.4% this year, to 45 billion cubic meters, Sergiy Makogon, head of Ukraine’s Gas Transmission System Operator, wrote yesterday on his Fa...
Gazprom booked more capacity on Ukraine’s pipelines this fall Gazprom booked more capacity on Ukraine’s pipelines this fall, Andriy Kobolyev, Naftogaz’s chief executive, told Reuters last week in Washington. Kobolyev reads this as Gazprom reacting to US sanction...
With 74% of Kyiv’s 2,806 Covid hospital beds filled, the Health Ministry is moving to set up a field hospital in the Palace of Sports, With 74% of Kyiv’s 2,806 Covid hospital beds filled, the Health Ministry is moving to set up a field hospital in the Palace of Sports, Viktor Liashko, deputy health minister and chief sanitary doctor,...
Johnson & Johnson Johnson & Johnson, the US pharmaceutical giant, may launch a third clinical phase trial of their vaccine in Ukraine.
Ukraine has joined the WHO’s COVAX program Ukraine has joined the WHO’s COVAX program which should guarantee affordable vaccines for Ukraine’s 20% most vulnerable people. For these 8 million Ukrainians, each vaccination would cost between $1 a...
The positive rate on Ukraine’s Covid tests averages 18-19%. The positive rate on Ukraine’s Covid tests averages 18-19%. Ukraine expects to hit 50,000 polymerase chain reaction tests a day this month and 75,000 by the end of December.
A A round-the-clock national coronavirus contact center opened Monday. Operators advise callers on Covid questions and treatment. The toll-free number is 0-800-60-20-19.
A massive An-124 Antonov ‘Ruslan’ cargo jet inaugurated Ukrposhta’s improved parcel service to the US, carrying 50 tons of packages from Kyiv to New York on Saturday A massive An-124 Antonov ‘Ruslan’ cargo jet inaugurated Ukrposhta’s improved parcel service to the US, carrying 50 tons of packages from Kyiv to New York on Saturday. Ukrposhta will now send a weekly ...
Ukraine’s Constitutional Court plans to plow ahead with measures seen by President Zelenskiy as economic sabotage: Ukraine’s Constitutional Court plans to plow ahead with measures seen by President Zelenskiy as economic sabotage: review of a law that allowed the closing of 100 banks during the 2014-2015 banking cr...
October was the warmest in Kyiv since record keeping started in 1881 October was the warmest in Kyiv since record keeping started in 1881, the Central Geophysical Observatory reports on its Facebook page. With the temperature hitting 22C (72F) on Oct. 4, Kyiv’s ‘meteor...
Ruling that the Deposit Guarantee Fund is unconstitutional would have a cataclysmic impact on Ukraine’s financial system, Ruling that the Deposit Guarantee Fund is unconstitutional would have a cataclysmic impact on Ukraine’s financial system, Kyrylo Shevchenko, Governor of National Bank of Ukraine, warned the Constituti...
Ukraine slashed on Sunday the fee for an electronic visa to $20, from $85. Ukraine slashed on Sunday the fee for an electronic visa to $20, from $85. In addition, Ukraine now offers double entry e-visas for $30. Valid for 30 days, e-visa are available for citizens of 45 coun...
In face of these threats, President Zelenskiy plans – as early as today — to put to a Rada vote on law to ‘reboot’ the court by removing all 15 members. In face of these threats, President Zelenskiy plans – as early as today — to put to a Rada vote on law to ‘reboot’ the court by removing all 15 members. Although his Servant of the People party ...
Kyiv pole vaults. Kyiv pole vaults. In one year, Kyiv jumped 52 places in Resonance Consulting’s ranking of the World’s Best Cities. Today, Kyiv ranks in 87th place, just below New Orleans and Kuwait City and just abov...
To rally his party, Zelenskiy warned yesterday Ukraine could slide into “bloody chaos” if the Rada does not vote to purge the court and restore anti-corruption reforms To rally his party, Zelenskiy warned yesterday Ukraine could slide into “bloody chaos” if the Rada does not vote to purge the court and restore anti-corruption reforms seen as essential to keep foreig...
“Zelensky faces pivotal moment in confrontation with constitutional court,” “Zelensky faces pivotal moment in confrontation with constitutional court,” headlines the Financial Times in a report from Kyiv. Veteran Ukraine reporter Roman Olearchyk writes: “Activists say the rul...
Signs that Ukraine is weathering the corona depression better than expected. Signs that Ukraine is weathering the corona depression better than expected.
Through September, construction is up 0.2%, Through September, construction is up 0.2%, reports the State Statistics Service. While residential housing construction plummeted by 19%, infrastructure – largely roads – was up 8% and commercial con...
Taxes on sales of electronic and household appliances could be up by one quarter in hryvnia this year Taxes on sales of electronic and household appliances could be up by one quarter in hryvnia this year, reports the Statistics Service. With the January-September sales taxes figures just below the lev...
Exports in September were up 2.9% yoy Exports in September were up 2.9% yoy, hitting $4.2 billion, reports the National Bank of Ukraine. Q3 exports were $12 billion, up 14% over Q2.
Ukrzaliznytsia carried a record 895,000 tons of cargo on Friday Ukrzaliznytsia carried a record 895,000 tons of cargo on Friday, reports Volodomyr Zhmak, CEO of the state railroad. “We are confidently moving towards the level of a million tons,” he said Satu...
Real wages have been growing since May, hitting 6% yoy in September Real wages have been growing since May, hitting 6% yoy in September. “This indicates that job redundancies have been limited and some of them have been recouped,” writes Alfa-Bank Ukraine. “Layoffs no...
The Radisson Blu Hotel in Kyiv’s Podil lost $1.8 million January-September this year, The Radisson Blu Hotel in Kyiv’s Podil lost $1.8 million January-September this year, compared to a $100,000 profit last year, according to the company’s statement to National Securities and Stock Mar...
A Ukrainian has successfully declared bankruptcy for the first time A Ukrainian has successfully declared bankruptcy for the first time, according to a Ukrainska Pravda report on a decision last summer by Kyiv’s Economic Court. Previously only a legal entity or sole p...
With Western support hanging in the balance, the Rada is to debate a bill tomorrow to dismiss all 15 judges of the Constitutional Court With Western support hanging in the balance, the Rada is to debate a bill tomorrow to dismiss all 15 judges of the Constitutional Court and to annul their ruling last Tuesday that shut down the online...
Health Minister Maksym Stepanov asked the government Friday for $9 million to create temporary corona wards in Kyiv’s Palace of Sports and city exhibition centers Health Minister Maksym Stepanov asked the government Friday for $9 million to create temporary corona wards in Kyiv’s Palace of Sports and city exhibition centers. With Kyiv reporting 700 new infectio...
On registering the bill, Zelenskiy warned of the consequences of failure: On registering the bill, Zelenskiy warned of the consequences of failure: “We will not have money. We will not have support. Projects on which agreement was reached will be cancelled, as well as World...
Over the last three days, Ukraine has reported an average of 8,341 new cases Over the last three days, Ukraine has reported an average of 8,341 new cases. Ukraine’s infection rate doubled in October, tracking similar upsurges this fall in the EU and Russia. On Saturday, Poland...
“Ukraine is under attack — not just at its borders, but also at the heart of its democratic institutions “Ukraine is under attack — not just at its borders, but also at the heart of its democratic institutions,” President Zelenskiy wrote in an essay posted Saturday in the Financial Times. “This pro...
Daniel Tonkopiy, co-founder of Ukrainian electric bicycle company Delfast, writes on Daniel Tonkopiy, co-founder of Ukrainian electric bicycle company Delfast, writes on Facebook that President Zelenskiy promises to support his plan to build an electric bike factory, probably in the K...
The IMF sees restoring the anti-corruption agencies as key to compliance with $5 billion Stand-By Arrangement signed last June The IMF sees restoring the anti-corruption agencies as key to compliance with $5 billion Stand-By Arrangement signed last June, an IMF spokesman tells Ukrinform. “The launch of a comprehensive electro...
Without restoration of the corruption fighting agencies, “ Without restoration of the corruption fighting agencies, “not only visa-free travel will be affected,” Foreign Minister Dmytro Kuleba warned Friday night Savik Shuster’s Freedom of Speech TV pro...
Foreign investment in Ukrainian government hryvnia bonds has dropped by almost one third since the start of the year Foreign investment in Ukrainian government hryvnia bonds has dropped by almost one third since the start of the year, according to the National Bank of Ukraine. Foreigners currently hold UAH 78.6 bill...
Power China and WindFarm signed a contract Friday for the construction of an 800 MW, $1 billion wind farm Power China and WindFarm signed a contract Friday for the construction of an 800 MW, $1 billion wind farm 25 km west of Mariupol, Donetsk Region. The continuation of a project originally developed by ...
