As Europe’s largest nation, mineral-rich Ukraine could play a key role in ensuring EU security of supply.

As Europe’s largest nation, mineral-rich Ukraine could play a key role in ensuring EU security of supply. Citing the possibility of building a battery plant in Ukraine for electric cars and buses, Shmyhal said: “We are considering opportunities to develop approaches jointly with the EU to use Ukraine’s potential in the extraction industry to help the EU and together build globally competitive value-added production chains in Europe.”

Shmyhal told the Rada on Nov. 6 that proper development of mining could generate $400 billion in economic activity over the next decade

Shmyhal told the Rada on Nov. 6 that proper development of mining could generate $400 billion in economic activity over the next decade. Ukraine has road and rail links with its four EU neighbors – Poland, Slovakia, Hungary and Romania.

Amber, gold, kaolin, and manganese are among the 11 mineral and groundwater deposits that go up for electronic auction Dec. 23

Amber, gold, kaolin, and manganese are among the 11 mineral and groundwater deposits that go up for electronic auction Dec. 23, reports the State Service of Geology and Subsoil. The next auction will offer about 50 more sites, according to Roman Opimakh, head of the agency, known as Gosgeonadr. In the first year since electronic auctions became mandatory, the price of licenses increased 15-fold, earning the state about $28 million, Opimakh says.

For services, IT helped save the day as Ukraine’s balance of trade in this area showed a $4.4 billion surplus

For services, IT helped save the day as Ukraine’s balance of trade in this area showed a $4.4 billion surplus, reports the State Statistics Service. Compared to the first three quarters of last year, exports of services dropped by 12% to $8.15 billion, while imports fell by 26.5% to $3.7 billion.

For goods, China saved the day

For goods, China saved the day by increasing its purchases of Ukrainian goods by 86%, to $4.8 billion, and cutting its imports by 12%, to $5.8 billion. Overall, Ukraine’s deficit of  foreign trade in goods fell to $2.9 billion, less than half the level for the first three quarters of last year, $ 7.2 billion. So far, Ukraine’s exports of goods are down 5.6%, to $35 billion. Imports of goods are down 14%, to 38 billion.

Alexander Lukashenko, the self-appointed president of Belarus threatened Friday to cut off trade with Ukraine

Alexander Lukashenko, the self-appointed president of Belarus threatened Friday to cut off trade with Ukraine, reports BelTA, the state news agency. “You watch out because we could shut the border for goods coming from the Ukrainian territory,” he said, addressing Ukraine, which counts Belarus as its fourth largest trading partner nation. “And then you won’t be able to supply products to our market, you won’t even be able to process Ukrainian products in Belarus before supplying them to other markets,

In the five months since the Kyiv Metro reopened in late May, ridership is down by 38% yoy

In the five months since the Kyiv Metro reopened in late May, ridership is down by 38% yoy, to 132.8 million passengers, the subway system reports. The busiest stations are on the Red Line – Vokzalna and the two terminuses, Lisova and Akademmistechko. The Metro operates normally during the weekend quarantine. Face masks are mandatory.

With Ukraine reporting a record 12,524 new Covid cases Saturday morning, police fanned out across the nation, fining and closing businesses found violating the ‘weekend quarantine.

With Ukraine reporting a record 12,524 new Covid cases Saturday morning, police fanned out across the nation, fining and closing businesses found violating the ‘weekend quarantine.’ By noon yesterday, the National Police reported inspecting over 17,000 businesses and closing 1,355. With only food stores and pharmacies allowed to work on Saturday and Sunday, two thirds of closings were of retail stops. The tally included six shopping malls and 416 cafes and restaurants. Epicenter, one of the nation’s largest retail chains,

Retailers and regional politicians pushed back with at least eight regional capitals – or one third of the total — refusing to participate.

Retailers and regional politicians pushed back with at least eight regional capitals – or one third of the total — refusing to participate. In Lviv, Mayor Andriy Sadoviy, who faces a tight runoff vote this Sunday, declared that the city will have no weekends for the rest of November. “It is impossible to introduce weekend quarantine in Lviv, since we do not have days off,” he wrote on his Facebook page of the City Council decision. “If tomorrow someone tries

“Lviv has always been and is a city of small and medium-sized businesses,

“Lviv has always been and is a city of small and medium-sized businesses, and 50,000 Lviv residents and their families can suffer from this decision,” he said, echoing the complaints of other mayors and governors. So far, he said, the pandemic has cost the city $35 million in lost taxes. A nationwide petition to President Zelenskiy demanding cancellation quickly received the needed minimum of 25,000 signatures.

The pushback comes as architects of the limited quarantine now wage their own personal battles with coronavirus.

The pushback comes as architects of the limited quarantine now wage their own personal battles with coronavirus. On Saturday, Health Minister Maksym Stepanov announced that he had tested positive for Covid-19. Also under treatment are: President Zelenskiy, his chief of staff, the speaker of the Rada, the first deputy speaker of the Rada, and the Finance Minister. ZN.UA reports that 14 Rada members and 31 Rada staffers now are sick. Since the start of the pandemic, the news site calculates,

In Kyiv, about 1,000 new infections are reported daily

In Kyiv, about 1,000 new infections are reported daily by Mayor Klitschko.In the eight months since the first case was recorded in Ukraine, almost 1,000 people have died of coronavirus complications in Kyiv. Klitschko and the mayor of Kharkiv, Gennady Kernes, both were infected before the Oct. 25 local elections. They both won on the first round.

At present, patients occupy about 60% of the 52,000 beds in the nation’s coronavirus wards.

At present, patients occupy about 60% of the 52,000 beds in the nation’s coronavirus wards. Although more beds are being added, only 38% of the 52,000 beds are equipped with oxygen. On Friday, the day before he tested positive, Health Minister Stepanov warned reporters: “If we fail to comply with rules, we may get 100% bed occupancy in a month.”

The EBRD is ready to loan Ukraine €200 million to conduct a nationwide inventory of mineral deposits and to prepare promising deposits for mining through transparent auctions of licenses

The EBRD is ready to loan Ukraine €200 million to conduct a nationwide inventory of mineral deposits and to prepare promising deposits for mining through transparent auctions of licenses, Prime Minister Shmyhal reports after online talks with Maroš Šefčovič, the European Commission’s vice president for Inter-institutional Relations and Foresight. After the coronavirus pandemic shook confidence in long distance supply chains, the EU launched last month the European Raw Materials Alliance. Last year, Šefčovič, a Slovakian diplomat, helped broker the new

Ukraine also gets about one third of its diesel and gasoline from Belarus

Ukraine also gets about one third of its diesel and gasoline from Belarus. But the strikes and slowdowns will only result in a ‘hiccup’ for Ukrainian prices, Kuyun predicts. “First, we have been living with a huge surplus of diesel fuel and gasoline for half a year. Traders sell it to zero at best, the market is so overwhelmed. Second, the Ukrainian market is open for supplies from all sides.”

Most of Ukraine’s imports of Belarus petroleum products come from the Belarus’ largest refinery, in Mazyr

Most of Ukraine’s imports of Belarus petroleum products come from the Belarus’ largest refinery, in Mazyr, on the Pripyat River, 250 km north of Kyiv. According to Argus Media, it appears that Mazyr workers will be on a 3-hour lunchtime strike this week. At Naftan refinery, near Belarus’ northern border with Lithuania, workers are on strike. The refinery which is owned by Belneftekhim, was already shut down for scheduled maintenance.

On the IT front, Ukrainian IT companies are “already accepting individual divisions of IT companies in Belarus as guests,”

On the IT front, Ukrainian IT companies are “already accepting individual divisions of IT companies in Belarus as guests,” Olha Kunichak, manager of the European Business Association’s IT Committee tells Interfax-Ukraine. “Ukrainian IT companies are ready to cooperate and help our northern neighbors.” To restrict protesters, the Belarus government has been shutting off the Internet. Ukraine started this summer a fast track program to grant work permits to foreign IT specialists. According to Ukraine’s Ministry of Digital Transformation, Ukrainian universities only

Belarus Eurobonds handed investors a loss of 5.1% this month, the worst performance in emerging markets,

Belarus Eurobonds handed investors a loss of 5.1% this month, the worst performance in emerging markets, according to a Bloomberg Barclays index. Since the 2031 bonds were issued on June 25, the yield is up by one percentage point.

Ukraine is recalling its ambassador from Belarus to protest Lukashenko’s “repeated and groundless” statements against Ukraine

Ukraine is recalling its ambassador from Belarus to protest Lukashenko’s “repeated and groundless” statements against Ukraine, Ukraine Foreign Minister Dmytro Kuleba said yesterday. President Lukashenko’s return to of Russia mercenaries who had fought on the separatist side in the Donbas war, “derailed the trust between our nations and inflicted a heavy blow upon our bilateral relations,” Kuleba said.

Leases for 4,262 empty buildings totaling 2.5 million square meters – or 10 times New York’s Empire State Building – will go up for electronic auction this fall

Leases for 4,262 empty buildings totaling 2.5 million square meters – or 10 times New York’s Empire State Building – will go up for electronic auction this fall under streamlined rules approved last week by the Cabinet of Ministers, announces Leonid Antonenko of the privatization department of the State Property Fund. The full of list of leases to auctioned by ProZorro.Sales includes: 1,070 offices, 837 warehouses, 566 factories, 61 spaces at airports, and six sites for renewable energy plants at

Ukraine ranks first in a ranking of 39 Eastern European and developing countries for public procurement transparency.

Ukraine ranks first in a ranking of 39 Eastern European and developing countries for public procurement transparency. Following 64 indicators for the Transparency Rating, the authors placed Ukraine at the top with a score of 97% and Tajikistan at the bottom with a score of 38%. Poland got  74%, Hungary 67% and the Czech Republic 65%. Russia and Belarus were not studied by the group, the Soros-funded Institute for the Development of Freedom of Information. For the last four years,

Ukraine’s Finance Ministry has repurchased about 10% of outstanding GDP-linked securities

Ukraine’s Finance Ministry has repurchased about 10% of outstanding GDP-linked securities, the Finance Ministry announced Friday on the Irish Stock Exchange. Known as GDP warrants, the securities have payouts triggered by two consecutive years of GDP growth. By spending up to $300 million to quietly buy back these securities, the government may be expecting a post-Coronavirus growth bounce next year. After Ukraine’s economy GDP fell 11.4% in Q2, the central bank predicts that economy will shrink by 6% this year,

Concorde Capital’s Alexander Paraschiy

Concorde Capital’s Alexander Paraschiy calculates that the purchase was at 90% of par and writes: “This is also a good signal for the holders of GDP warrants, as it indicates MinFin is anticipating large payments under the warrants in the mid-term.”

Timothy Ash writes:

Timothy Ash writes: “Now most official forecasts have a 4% plus growth for 2021.With the changes at the [central bank], the Zelenskiy administration is going for a pro-growth agenda, which might mean lower rates, cheaper currency, perhaps looser fiscal – note minimum wage hikes.

In a sign the Corona-recession has eased, Ukraine’s electricity consumption in July was only 0.7% below last year’s level

In a sign the Corona-recession has eased, Ukraine’s electricity consumption in July was only 0.7% below last year’s level, according to Ukrenergo, the nation’s state power transmission company.  Industrial consumption was down 3.2% yoy, but household consumption was up 4.7% and consumption by chemical industries was up 15%.

The central bank expects to receive the second tranche from the IMF by the end of this year,

The central bank expects to receive the second tranche from the IMF by the end of this year, Kyrylo Shevchenko, the new governor of the National Bank of Ukraine, says in an interview with RBK-Ukraina. The IMF approved the 18-month, $5 billion program on June 9, and the first tranche — $2.1 billion — was disbursed three days later. Release of the remaining $2.9 billion depends on four reviews. However, Shevchenko’s predecessor, Yakiv Smoliy quit on July 1, citing pressure

Last week, the central bank bought $223 million, strengthening the hryvnia mildly to UAH 27.3/$1.

Last week, the central bank bought $223 million, strengthening the hryvnia mildly to UAH 27.3/$1. So far this year, the National Bank of Ukraine has bought $1 billion more than it sold, latest data show. Demand for dollars this summer has been weak as vacationers are largely bottled up inside the country, unable to take advantage of visa-free access to the EU.

Last year, Ukrainians made 26 million trips out of the country, while foreigners made 15 million trips here

Last year, Ukrainians made 26 million trips out of the country, while foreigners made 15 million trips here, according to the State Statistics Service. Tourism accounts for only 1.5% of Ukraine’s GDP, well below Belarus – 6.4% — and Georgia – 26.3%. To generate more inbound tourism, Ukraine has dropped visa requirements for Chinese tourists and allowed Indians, South Africans and Filipinos to apply for visas on line. “Simple arithmetic shows the advantages of visa liberalization: the average check of

Reminder: UIA is offering two direct Kyiv-New York-Kyiv flights

Reminder: UIA is offering two direct Kyiv-New York-Kyiv flights – next Monday Aug. 24, and the following Monday, Aug. 31. No additional New York flights are scheduled. Tickets only are available through the UIA site:  https://www.flyuia.com/ua/en/home.

For Ukraine, the biggest impact of strikes spreading across Belarus may be a shortage of asphalt for President Zelenskiy’s $3 billion drive to pave 4,000 km of highways this year.

For Ukraine, the biggest impact of strikes spreading across Belarus may be a shortage of asphalt for President Zelenskiy’s $3 billion drive to pave 4,000 km of highways this year. Ukraine imports half of its asphalt in heated, liquid form from Belarus. “Objectively, there is nothing to replace Belarusian volumes — and this is half of the market,” Serhiy Kuyun, director of the A-95 Consulting Group, writes on his Facebook page. “Russian supplies are closed, and Ukrainian traders are just mastering

“This will be the beginning of your end, you will go down on your knees like in Ukraine,”

“This will be the beginning of your end, you will go down on your knees like in Ukraine,” Belarus President Aleksandr Lukashenko warned 40,000 supporters in Minsk Sunday, rebutting calls for his resignation. A few hours later, participants at mass opposition rally of 220,000 chanted for Lukashenko to go. After a week of violent police attacks on protesters, policing was light. Workers at key state factories walked out on Friday. Today, state television workers threaten to strike, demanding an end

On Saturday, Lukashenko asked President Putin for Russia to intervene militarily

On Saturday, Lukashenko asked President Putin for Russia to intervene militarily. But, according to the Kremlin readout of the call, Putin only promised to keep talking to the besieged 65-year-old leader. In Belarus, protesters do not call for withdrawal from two Moscow-led organizations – the Eurasian Economic Union and the Collective Security Treaty Organization. Without an anti-Moscow slant to the Belarus protest, some analysts drew parallels last night to the 2018 revolution in Armenia. They predict the Kremlin will work

Belarus is Ukraine’s fourth largest trading partner, largely a transit country for goods restricted by the Russia-Ukraine trade war.

Belarus is Ukraine’s fourth largest trading partner, largely a transit country for goods restricted by the Russia-Ukraine trade war. Despite this close economic relationship, President Zelenskiy probably will not travel to Grodno, Belarus on Oct. 8-9, for an annual bilateral trade and investment conference. Ukraine’s Foreign Minister Dmytro Kuleba told UA: Ukrainian Radio on Friday: “Until the situation in Belarus stabilizes, it would be reckless to announce any visit or initiative.”

Eying Belarus’ dynamic IT industry, Ukraine’s Digital Transformation Minister posted an appeal to Belarus IT companies and specialists to relocate south of the border — to Ukraine.

Eying Belarus’ dynamic IT industry, Ukraine’s Digital Transformation Minister posted an appeal to Belarus IT companies and specialists to relocate south of the border — to Ukraine. “Belarus has been going through one of the deepest political crises in its history,” Mikhalo Fedorov posts on his Facebook page. He says that, under a new recruitment program, foreign IT specialists can get their Ukraine work permits in 5-7 days – “that’s all.” Noting that this year’s quota is 5,000 “highly qualified

A near doubling of exports to China reduced Ukraine’s trade deficit to $1.3 billion for the first half of this year,

A near doubling of exports to China reduced Ukraine’s trade deficit to $1.3 billion for the first half of this year, the lowest level in recent years. The State Statistics Service reports exports to China rose 93%yoy to $3 billion, to Poland dropped 14%, to $1.5 billion; and to Russia dropped 17%, to $1.3 billion. Overall, Ukraine exported $22.9 billion worth of goods and imported $24.2 billion. For imports, Ukraine’s imports from China dropped 7%, to $3.6 billion; from Germany

China’s purchase of ship parts and R&D services for aircraft engines made it the largest buyer of military equipment from UkrOboronProm during the first half of this year.

China’s purchase of ship parts and R&D services for aircraft engines made it the largest buyer of military equipment from UkrOboronProm during the first half of this year. Of $145 million in sales, the biggest buyers from the state defense conglomerate were: China, Turkey, Pakistan, India, Jordan, Vietnam, Azerbaijan, Algeria, Morocco, and Ethiopia. Of all deliveries, 56% went to Asia-Pacific.

China Railway Construction Corporation is talking with

China Railway Construction Corporation is talking with Vadym Novinsky’s Smart Holding about building a deep water port at Ochakiv, a Black Sea port 60 km south of Mykolaiv city. A strategic chokepoint controlled by at least 10 different peoples over the last 2,500 years, Ochakiv is 3.6 km across from the Kinburn Spit, a position that controls shipping to the mouth of the Dnipro. Smart Holding reports the Chinese are discussing doubling the depth of the harbor, to 15-18 meters,

Given Ochakiv’s strategic location, facing Crimea 100 km to the south, US Navy Seabees built last year a $700,000 operations center at Ochakiv for Ukrainian Navy.

Given Ochakiv’s strategic location, facing Crimea 100 km to the south, US Navy Seabees built last year a $700,000 operations center at Ochakiv for Ukrainian Navy. When construction was announced, Vladimir Zhirinovsky, the Russian nationalist politician, announced: “This is Russian land – Ochakiv.” Next year, several US-supplied Mark VI fast patrol boats are to be based at Ochakiv.

Last month, CRCC, China’s second largest state-owned construction company,

Last month, CRCC, China’s second largest state-owned construction company, signed a memorandum of understanding with Ukraine’s Infrastucture Ministry about modernizing Ukraine’s inland waterways. These are the Dnipro, which flows through Kherson, and the Southern Bug, Ukraine’s second longest navigable river, which passes through Mykolaiv. For both projects, the Chinese team was led by Li Junqiang, executive director of CRCC’s subsidiary CRCC14 Overseas Construction and Development Co Ltd., and Wang Chuang, deputy general director of CRCC’s 14th Bureau Group.

Nibulon, the largest shipper on the Dnipro, is building a Black Sea port complex in Ochakiv and restoring the fish canning factory

Nibulon, the largest shipper on the Dnipro, is building a Black Sea port complex in Ochakiv and restoring the fish canning factory. To supply the cannery with fish, crustaceans and mollusks from the Dnipro-Buzky estuary, Nibulon’s CEO Oleksiy Vadatursky writes on his Facebook page that he is considering building shallow water fishing vessels at Nibulon’s shipyard in Mykolaiv.

Fresh from announcing a deal with Chinese investors to take over Motor Sich, Ukraine’s jet engine factory, Alekander Yaroslavsky offers to raise $1 billion to revive the aviation plant in his home city of Kharkiv

Fresh from announcing a deal with Chinese investors to take over Motor Sich, Ukraine’s jet engine factory, Alekander Yaroslavsky offers to raise $1 billion to revive the aviation plant in his home city of Kharkiv. Earlier, Yaroslavsky’s DCH group rebuilt the terminal of Kharkiv airport and revived production at the Kharkiv Tractor Plant. Kharkiv Aircraft Plant has not made a plane since 2014. It largely survives by making spare parts and performing maintenance. It owes $8 million in back salaries.

Today, flights resume between Kyiv and Yerevan, Armenia and between Kyiv and Almaty, Kazakhstan.

Today, flights resume between Kyiv and Yerevan, Armenia and between Kyiv and Almaty, Kazakhstan. Air service to the two countries was suspended five months ago as part of the coronavirus travel restrictions.

Do the math

Do the math: Ihor Kolomoisky’s Windrose airline is receiving its 14th aircraft, a leased ATR-72-600. Within a year, Windrose is to receive another five of these regional turboprops, bringing its fleet to 19. At the same time, Kolomoisky’s UIA is cancelling leases and cancelling orders. Currently. UIA’s fleet is down 33, with 14 in storage. In 2013, Kolomoisky’s airline Aerosvit filed for bankruptcy and several jets were transferred to UIA.