Signaling a revival of Ukraine’s aircraft building industry, the Defense Ministry has ordered three An-178-100R military transport jets from Antonov,

Signaling a revival of Ukraine’s aircraft building industry, the Defense Ministry has ordered three An-178-100R military transport jets from Antonov, the first such order since Independence in 1991. Powered by two domestic turbojet engines, this version of the An-178 can carry 18 tons of cargo, cruise at 825 km/h, and fly a maximum of 5,000 km. For comparison, the flight distance between Uzhgorod and Kharkiv is about 1,000 km.

Next year, Ukraine will establish a state airline based on a fleet of Antonov regional jets,

Next year, Ukraine will establish a state airline based on a fleet of Antonov regional jets, President Zelenskiy promised yesterday at the military cargo jet signing ceremony. Yuri Guzev, the new general director of UkrOboronProm said: “We expect to sign new government contracts for the manufacture of An-178 aircraft from 2021.” Last month, the Cabinet of Ministers signed off on a 10-year, $1.4 billion program to develop and modernize Ukraine’s aviation industry.

The Dnipro shipping season is being extended to Jan. 15, an unprecedented extension into mid-winter.

The Dnipro shipping season is being extended to Jan. 15, an unprecedented extension into mid-winter. Studying long term weather forecasts, the Maritime and River Transport Service on Monday made its third shipping season extension since November 11. With the latest extension, shippers will get two extra months of use of the river’s six locks. Closing the river involves pulling out hundreds of buoys.

For the eight different hryvnia bonds offered, yields have changed little since last week,

For the eight different hryvnia bonds offered, yields have changed little since last week, ranging from 10% for 3-month bonds, to 12.25% for 5-year bonds. With 3-month bonds in dollars offering a 2.9% yield, investors snapped up $323 million worth – 37% of yesterday’s total sale.

Interpipe, Ukraine’s top producer of steel pipes and railroad wheels, is buying back $75 million worth of its 2024 Eurobonds,

Interpipe, Ukraine’s top producer of steel pipes and railroad wheels, is buying back $75 million worth of its 2024 Eurobonds, the company reported. CEO Fadi Hraibe told investors “Various instruments are also being considered for attracting financing for Capex: issuing Eurobonds, attracting project financing and attracting bank financing.” He later clarified that Interpipe does not have immediate plans to issue a new Eurobond. Located in Dnepropetrovsk, the mines-to-metals company employs about 11,000 workers.

Ukraine’s international reserves are “over $28.5 billion,” the highest level in eight years

Ukraine’s international reserves are “over $28.5 billion,” the highest level in eight years, Bohdan Danylyshyn, head of the Council of the National Bank of Ukraine, wrote on his Facebook page. This would be $3.2 billion higher than at the start of 2020, or a 13% increase. He wrote that during this year of the Covid shock, Ukraine’s Central Bank spent up a net $1.1 billion to defend the hryvnia.

In a televised briefing, the Economy Minister Petrashko said that Ukraine’s GDP probably shrank in the fourth quarter by 3% yoy.

In a televised briefing, the Economy Minister Petrashko said that Ukraine’s GDP probably shrank in the fourth quarter by 3% yoy. This represents a stabilization from the cataclysmic 11.4% yoy drop in the second quarter. The third quarter drop was 3.5% yoy, says the State Statistics Service. For all of 2020, Petrashko predicts a GDP shrinkage of 4.8%. Looking ahead, he predicts this will be largely cancelled out by 4.6% growth in 2021. He said this is the consensus of

Bucking the Covid recession, the number of IT companies and IT workers in Lviv increased by 7% in 2020, compared to the previous year, according

Bucking the Covid recession, the number of IT companies and IT workers in Lviv increased by 7% in 2020, compared to the previous year, according IT Research 5.0, a study conducted by Fama research agency for Lviv’s IT Cluster. There are now 492 IT companies in Lviv, employing 26,500 people. The average monthly salary of an IT specialist in Lviv is $2,080, about four times Ukraine’s average salary for all sectors. During last spring’s lockdown, all IT companies surveyed switched

Ukraine is preparing to negotiate Free Trade Agreements in 2021 with China, Vietnam, Indonesia, Egypt and Jordan, said

Ukraine is preparing to negotiate Free Trade Agreements in 2021 with China, Vietnam, Indonesia, Egypt and Jordan, said Ihor Petrashko, Minister of Economic Development and Trade.  “These are important markets for Ukrainian products as part of expanding our export opportunities.”

Tripling Vietnam-Ukraine trade to $1 billion by 2023 and forging a bilateral free trade pact

Tripling Vietnam-Ukraine trade to $1 billion by 2023 and forging a bilateral free trade pact were two goals set at a meeting Monday in Kviv between Nguyen Hong Thach, Vietnam’s ambassador to Ukraine, and Taras Kachka, Ukraine’s Deputy Minister for Economic Development and Trade. Both officials agreed to expand air links and to speed up establishment of a Vietnam House in Kyiv and of a Ukraine House in Hanoi, reports Vietnam News Agency. By contrast, China-Ukraine trade is believed to

A recently agreed $1 billion “linked loan” from China “is not a victory,”

A recently agreed $1 billion “linked loan” from China “is not a victory,” Oksana Markarova, Ukraine’s former Finance Minister and future Ambassador to the US, wrote in her blog for Ekonomichna Pravda. Noting that the money will be used to fund the Kyiv Ring Road and for Kremenchuk’s new bridge over the Dnipro.  She says this kind of loan may require Chinese workers, materials, technology and construction companies. Markarova warned, “The process and results of Ukraine’s use of the tied

In advance of the January 20, 2021 inauguration of President-elect Joe Biden, Washington-based Radio Svoboda continues to investigate Ihor Kolomoisky’s investments in the US

In advance of the January 20, 2021 inauguration of President-elect Joe Biden, Washington-based Radio Svoboda continues to investigate Ihor Kolomoisky’s investments in the US with a story headlined: “Ukrainian Tycoons Selling U.S. Property Amid Foreclosure Proceedings, Court Documents Show.” According to court documents filed Christmas eve, Optima Ventures, the U.S. real-estate holding company owned by Kolomoisky and Hennadiy Boholyubov wants to sell an office building and a stake in a hotel in Cleveland. Reporter Todd Prince writes: “Separately, the Justice

President Zelenskiy yesterday suspended the Chief Justice of the Constitutional Court through February

President Zelenskiy yesterday suspended the Chief Justice of the Constitutional Court through February after he failed to appear Monday at police inquiry into a bribery charge. The Justice, Oleksandr Tupytsky, is seen as the organizer of court decisions two months ago to dismantle anti-corruption agencies in Ukraine.

Concorde Capital’s Zenon Zawada writes:

Concorde Capital’s Zenon Zawada writes: “On the surface, it’s impressive that the Prosecutor General’s Office is pursuing this criminal case against Tupitskiy…We are confident that Tupitskiy won’t be prosecuted for any alleged crimes because of the “krysha” [political cover] that he enjoys, which likely extends into the Prosecutor General’s Office. Any measures it takes against him are merely for show.”