Dniprocargo

Wednesday, December 8

Cargo Transportation on Dnipro River is up by 31%. The cargo volume which was transported on the Dnipro River in January-November 2021 amounted to more than 13.2 mln tonnes, which is 31% more than in the same period in 2020. The majority of freight wa...

Thursday, August 12

To promote river cargo, the government last week ordered that shipping companies no longer be charged for the opening of drawbridges . Charging shippers for opening bridges “has a negative impact on the development of river shipping, leads to higher river logistics and prevents an increase in river transport,” the Infrastruct...

Thursday, April 8

The state-owned Ukrainian Danube Shipping Company is pursuing a $200 million ship investment program that would allow it to increase its capacity to carry 4 million tons of cargo on the Dnipro , a 40% increase over the river’s 2019 cargo level. In a first step, the parent agency, the Infrastructure Ministry, has endorsed the Danube Shipping’s plan to build 16 tugs and 31 barges for use on t...

This summer, the Rada is to approve creating a fund to pay for the government’s multi-billion dollar plan to renovate the Dnipro locks — and to triple river cargo, to 30 million tons a year, Infrastructure Minister Krikliy said at a recent meeting the European Business Association. The State Fund for Inland Waterways is modeled on the three-year-old Ukrainian St...

Friday, March 5

With traffic jams clogging Kyiv’s Dnipro bridges, the City Council is studying restoring boat service across the river. With traffic jams clogging Kyiv’s Dnipro bridges, the City Council is studying restoring boat service across the river. According to Kiev Vlast, the River Port Administration calculates that 2,000 peo...

Fearing inflation, Ukraine’s central bank hikes the prime rate to 6.5% today, the first increase in two years. Fearing inflation, Ukraine’s central bank hikes the prime rate to 6.5% today, the first increase in two years. The hike ends a post-Independence low of 6%, which reigned since June.

In January-February, Ukrainians imported 53,000 used cars, 4.4 times the volume of the first two months of 2019 In January-February, Ukrainians imported 53,000 used cars, 4.4 times the volume of the first two months of 2019. Used imports, a rarity four years ago, now account for 81% of car imports, reports Ukra...

“We are responding to inflation beyond the target range of 5%,” Kateryna Rozhkova, “We are responding to inflation beyond the target range of 5%,” Kateryna Rozhkova, first deputy governor of the National Bank of Ukraine, wrote yesterday on Facebook. The bank predicts inflation will ...

More hikes could come this year, More hikes could come this year, Yuriy Geletiy, a deputy governor of the central bank, told reporters yestrerday. “The National Bank is ready to raise the discount rate more decisively to limit the fu...

In the first two months of this year, foreign holdings of Ukraine government bonds increased by $570 million In the first two months of this year, foreign holdings of Ukraine government bonds increased by $570 million, Geletiy told reporters yesterday. As of Monday, foreign holdings totaled $3.65 billion. He...

Remittances from Ukrainians working abroad are expected to grow by 8%, to $13 billion this year Remittances from Ukrainians working abroad are expected to grow by 8%, to $13 billion this year, Geletiy said. For the last two years, remittance averaged $12 billion, or $1 billion a month. Labor is ...

Ukrainians relentlessly move away from cash Ukrainians relentlessly move away from cash, indicates a National Bank of Ukraine report for card and contactless payments. Last year, the number of transactions with payment cards jumped 25% yoy, to ...

Highlights Highlights:

With new coronavirus cases doubling this week, With new coronavirus cases doubling this week, Prime Minister Shmygal warned yesterday: “It’s obvious that the third wave of the pandemic has started that Ukraine is facing.” Yesterday morning, 10,057...

The new cases are largely in Kyiv and to the West The new cases are largely in Kyiv and to the West: Zhytomyr Oblast – 888; Kyiv City – 868; Vinnytsia Oblast – 827; Ivano-Frankivsk Oblast – 776; and Zakarpattia – 676. Ukraine’s first two cases ...

Ukraine plans to become a major producer of lithium batteries for Europe’s electric cars Ukraine plans to become a major producer of lithium batteries for Europe’s electric cars, Prime Minister Shmygal told reporters yesterday, reviewing talks he had in Brussels last month. By 2030, Europ...

Coal miners may become lithium miners Coal miners may become lithium miners under a pilot project to start closing two coal mines this year, one in Lviv and the other in Donetsk, the Prime Minister. With German and Polish advice and aid, ...

Turkey and Ukraine are on the final stretch for finalize a bilateral free trade agreement Turkey and Ukraine are on the final stretch for finalize a bilateral free trade agreement, Shmygal told reporters. Of the long-delayed agreement, he said: “Literally, last week and this week the free ...

In a new twist on the Motor Sich drama, David Arakhamia, the head of Servant of the People faction in the Rada In a new twist on the Motor Sich drama, David Arakhamia, the head of Servant of the People faction in the Rada, said yesterday he will submit a bill to nationalize the Zaporizhia-based aircraft engine...

Navigation will resume next week on the Dnipro River, two months after closing for ice Navigation will resume next week on the Dnipro River, two months after closing for ice, reports Port of Ukraine. All locks on the Dnipro cascade – from the Kyiv Sea to the Black Sea – are to re-open W...

Although last year’s Dnipro shipping season was six weeks longer than usual, cargo dropped 5% yoy, to 11 million tons Although last year’s Dnipro shipping season was six weeks longer than usual, cargo dropped 5% yoy, to 11 million tons. “Results of cargo transportation were influenced by the reduction in grain transp...

Thursday, January 7

As part of the ‘Small Carpathian Circle,’ a mountain driving circuit through Lviv, Ivano-Frankivsk and Zakarpattia regions As part of the ‘Small Carpathian Circle,’ a mountain driving circuit through Lviv, Ivano-Frankivsk and Zakarpattia regions, Lviv region plans to rebuild 75 km of mountain roads this year, including up...

Ukraine ended the year with $29.1 billion in reserves, a 15% yoy increase Ukraine ended the year with $29.1 billion in reserves, a 15% yoy increase, the National Bank of Ukraine reported yesterday. The highest level in eight years, today’s reserves are enough to cover five ...

Alfa-Bank Ukraine’s Oleksiy Blinov wrote: “ Alfa-Bank Ukraine’s Oleksiy Blinov wrote: “This strong increase was delivered via massive FX debt placements by the Ministry of Finance. Overall, MinFin borrowed a net of $2.6 billion in December.”...

In the first government bond auction of the new year, the Finance Ministry raised the equivalent of $308 million — 37% of the amount raised the week before In the first government bond auction of the new year, the Finance Ministry raised the equivalent of $308 million — 37% of the amount raised the week before. Choosing among four hryvnia bonds – 3...

Concorde Capital’s Evgeniya Akhtyrko writes: Concorde Capital’s Evgeniya Akhtyrko writes: “The drop in auction receipts after the record-high results of December is not surprising. Nonetheless, UAH 9 billion in receipts is quite a strong result ...

Dragon Capital writes: Dragon Capital writes: “With the 2021 budget’s deficit target set at 5.5% of GDP, government borrowing needs will remain high this year, keeping it reliant on cooperation with the IMF.”

Ukraine’s 16-day lockdown of restaurants and shopping malls starts tomorrow Ukraine’s 16-day lockdown of restaurants and shopping malls starts tomorrow. Confirmed new coronavirus cases totaled 6,911 yesterday morning – one half the daily average of one month ago. In light of ...

In face of business pressure to soften or shorten the lockdown In face of business pressure to soften or shorten the lockdown, Health Minister Maksym Stepanov told reporters yesterday: “The Health Ministry is against the postponement of the quarantine, against it...

In 2020, 20 Ukrainian films backed by the State Film Agency are now screening in cinemas, and 92 new film projects were launched In 2020, 20 Ukrainian films backed by the State Film Agency are now screening in cinemas, and 92 new film projects were launched, Oleksandr Tkachenko, Culture and Information Policy Minister, told rep...

French President Emmanuel Macron is one of a string of Western leaders expected to visit Ukraine this year French President Emmanuel Macron is one of a string of Western leaders expected to visit Ukraine this year. Next Tuesday, Moldova’s new, pro-EU President Maia Sandu will visit Kyiv, the first such vis...

Odesa region’s Pivdennyi port consolidated its position as Ukraine’s premier sea port last year, increasing cargo by 14.5% yoy, and accounting for 39% for all of Ukraine’s waterborne trade. Odesa region’s Pivdennyi port consolidated its position as Ukraine’s premier sea port last year, increasing cargo by 14.5% yoy, and accounting for 39% for all of Ukraine’s waterborne trade. Ukraine’s ...

To boost cargo on the Dnipro River To boost cargo on the Dnipro River, the Infrastructure Ministry plans to introduce a liberalized regime where captains of foreign flag vessels have to simply email an application for a port call to th...

President Zelenskiy last week signed the law “On Inland Water Transport,” President Zelenskiy last week signed the law “On Inland Water Transport,” legislation that opens the Dnipro to foreign flag vessels and allows for the creation of a dedicated fund to rebuild the locks...

Provided Covid-19 vaccines are distributed extensively, the world economy will rebound this year by 4% Provided Covid-19 vaccines are distributed extensively, the world economy will rebound this year by 4%, nearly recovering from its 4.3% fall last year, predicts the World Bank’s Global Economic ...

Ukrzaliznytsia increased its freight traffic in December by 7.4% yoy, Ukrzaliznytsia increased its freight traffic in December by 7.4% yoy, transporting 26.7 million tons of cargo, reports the state railroad’s press service. By another measure, freight turnover was up 4...