ITukraine

Wednesday, December 30

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 dr...

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 age...

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 ...

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, ...

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....

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: “U...

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 ...

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 ...

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. P...

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 gene...

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 t...

The The Finance Ministry made another high volume government bond sale yesterday — $874 million in equivalent. With this auction, the Ministry has raised nearly $3.5 billion in the last three weeks ...

Thursday, December 17

Investment company Quarter Partners has launched an IT venture fund, promising to invest $100 million in Ukrainian startups Investment company Quarter Partners has launched an IT venture fund, promising to invest $100 million in Ukrainian startups or international ones with Ukrainian ties. Acting as an ‘angel investor,’ th...

Kyiv deepfake startup RefaceAI has raised $5.5 million from Silicon Valley investors, Kyiv deepfake startup RefaceAI has raised $5.5 million from Silicon Valley investors, Roman Mogylnyi, a co-founder, wrote on Facebook. Since launch last January, the face-swapping app has been downloa...

NASA has signed a $9.8 million contract with a Ukrainian-American aerospace company to launch small satellites for space research NASA has signed a $9.8 million contract with a Ukrainian-American aerospace company to launch small satellites for space research, reports the U.S. space agency. Firefly Black, a unit of Max Polyakov’...

Antonov Airlines has carried its largest satellite to date Antonov Airlines has carried its largest satellite to date – a 55-ton Space X communications satellite — from Toulouse, France to Titusville, Florida, home of the commercial airport serving the ...

Forty Belarusian tech companies and 2,000 IT workers have moved to Ukraine Forty Belarusian tech companies and 2,000 IT workers have moved to Ukraine in the four months since protests erupted after Alexander Lukashenko claimed to have won the Presidential Election. The Belar...

Turkey’s top military procurement official Ismail Demir has signed agreements in Kyiv for the technology transfer and joint production of attack drones and corvette warships Turkey’s top military procurement official Ismail Demir has signed agreements in Kyiv for the technology transfer and joint production of attack drones and corvette warships, Ukraine’s Defense Ministr...

Separately, Separately, Al-Monitor, another US-based new site, reported that in the second half of November Ukrainian forces tested Turkish-made Bayraktar TB2 combat drones over the Sea of Azov and around Kramato...

The new UK-Ukraine trade agreement has been ratified by both countries’ parliaments and will take effect on January 1, 2021 The new UK-Ukraine trade agreement has been ratified by both countries’ parliaments and will take effect on January 1, 2021 Taras Kachka, Ukraine’s Trade Representative, wrote on Facebook. The new pac...

Former US Envoy to Ukraine Kurt Volker is spearheading an ambitious project to open next September at the American University in Kyiv Former US Envoy to Ukraine Kurt Volker is spearheading an ambitious project to open next September at the American University in Kyiv. Announced this week, the new University aims to enroll 3,900 stud...

Betting on the revival of river cargo, the KPS Group is drawing up plans for a 5-year, $75 million project to build a multimodal port capable of doubling Kyiv’s river cargo volumes by 2027 Betting on the revival of river cargo, the KPS Group is drawing up plans for a 5-year, $75 million project to build a multimodal port capable of doubling Kyiv’s river cargo volumes by 2027. With rail ...

“Only 1 in 10 CEOs expect the investment climate to improve in 2021,” “Only 1 in 10 CEOs expect the investment climate to improve in 2021,” is the bleak headline on a survey of 101 managers in Ukraine conducted for European Business Association by Vasil Kisil & Part...

A dysfunctional judicial system and government corruption were cited as the top two investor turnoffs. A dysfunctional judicial system and government corruption were cited as the top two investor turnoffs. “94% of respondents believe that a weak judicial system is one of the reasons for Ukraine′s low i...

Monday, September 7

Starting today, two regional capitals, Ivano Frankivsk and Ternopil, are classified red. Starting today, two regional capitals, Ivano Frankivsk and Ternopil, are classified red. In advance, the mayors of both cities sued the Cabinet of Ministers in Kyiv District Administrative Court. The ...

One upside of Ukraine’s increasing infection rate: the Health Ministry has reduced its One upside of Ukraine’s increasing infection rate: the Health Ministry has reduced its list of ‘red’ zone countries to 35. Red zone countries – those with recent infection rates above Ukraine’s 80/100...

The new spread of the virus has hit home for many Ukrainians with the news of the hospitalizations in Kyiv of two well-known figures. The new spread of the virus has hit home for many Ukrainians with the news of the hospitalizations in Kyiv of two well-known figures. Filaret, the 91-year-old Patriarch of the Ukrainian Orthodox Churc...

Recruiting Belarus IT workers – Ukraine’s Digital Transformation Ministry has opened a Recruiting Belarus IT workers – Ukraine’s Digital Transformation Ministry has opened a special web portal for Belarusian IT specialists who want to move to Ukraine and has hired Denis Aleinikov,...

Aleinikov is to help the Rada draw up a low tax, liberal labor law IT park similar to the Hi-Tech Park he helped build near Minsk. The park now has 880 registered companies Aleinikov is to help the Rada draw up a low tax, liberal labor law IT park similar to the Hi-Tech Park he helped build near Minsk. The park now has 880 registered companies. Last week, President Zelen...

With this investment regime, Fedorov aims to create an additional 450,000 IT jobs in Ukraine by 2025, generating $12 billion in economic activity With this investment regime, Fedorov aims to create an additional 450,000 IT jobs in Ukraine by 2025, generating $12 billion in economic activity. Last year, Ukraine’s IT exports grew 30% yoy, to $4.2...

German Chancellor Angela Merkel’s government is signaling that the poisoning of Russian Opposition leader Alexei Navalny, could imperil the Nord Stream 2, the Russia-Germany Baltic pipeline German Chancellor Angela Merkel’s government is signaling that the poisoning of Russian Opposition leader Alexei Navalny, could imperil the Nord Stream 2, the Russia-Germany Baltic pipeline. German Fo...

China’s Skyrizon company has notified Ukraine’s Justice Ministry that it intends to start international arbitration against Ukraine over access to the Motor Sich aircraft engine factory China’s Skyrizon company has notified Ukraine’s Justice Ministry that it intends to start international arbitration against Ukraine over access to the Motor Sich aircraft engine factory, reports UNIAN...

During the first half of this year, Ukraine’s poultry exports were virtually constant in volume – 212,300 tons – but down 12% in monetary terms, to $271 million During the first half of this year, Ukraine’s poultry exports were virtually constant in volume – 212,300 tons – but down 12% in monetary terms, to $271 million, reports Poultry World. At a press conf...

The Middle East has displaced the EU as the top destination for Ukrainian chicken meat The Middle East has displaced the EU as the top destination for Ukrainian chicken meat, reports The Poultry Site. The change is due partly because of new EU quotas and an avian flu outbreak in Vinnyti...

The number of new filings for unemployment aid have dropped steadily: from 149,000 in April to 68,000 in July The number of new filings for unemployment aid have dropped steadily: from 149,000 in April to 68,000 in July, reports the Ministry of Economic Development, Trade and Agriculture. Since the government...

Real wages were up 5% in July yoy Real wages were up 5% in July yoy, reports the State Statistics Service. The biggest growth sectors, in nominal terms, were: medicine and social services – +18% yoy; and IT and telecom – +...

ICU writes: “ ICU writes: “The recovery of wages confirms a quite rapid exit of the labor market from the coronavirus-induced recession. The rebound of workers’ income is also evidenced by the high growth rat...

After a record week of coronavirus infections, Prime Minister Shmygal vowed that there will be no repeat of last spring’s lockdown. After a record week of coronavirus infections, Prime Minister Shmygal vowed that there will be no repeat of last spring’s lockdown. “We understand, both the government and the state leadership, there ...

Even with Sunday’s dip to 2,107 new cases, Ukraine’s ranks third in Europe for new cases, Even with Sunday’s dip to 2,107 new cases, Ukraine’s ranks third in Europe for new cases, behind only France at 7,071, and UK at 2,988, according to Worldometer’s Coronavirus tracker. Worldwide, Ukrai...