news

Friday, November 27

In a boost for Carpathian tourism, Ukravtodor inaugurates tomorrow 45 km of mountain road to Synevyr National Park. In a boost for Carpathian tourism, Ukravtodor inaugurates tomorrow 45 km of mountain road to Synevyr National Park. Essentially opening up the west entrance to the park to tourists from Lviv, the rebu...

arkovy, central Kyiv’s largest convention and exhibition center, is now officially owned by Lyubov Efimova, mother arkovy, central Kyiv’s largest convention and exhibition center, is now officially owned by Lyubov Efimova, mother of Ukrainian MP Maxim Efimov. Since opening in 2013, Parkovy has become a popular pla...

Thursday, November 26

The US Congress is targeting insurance companies in the latest strategy to stop the pipeline The US Congress is targeting insurance companies in the latest strategy to stop the pipeline, Bloomberg reports from Washington. “House and Senate negotiators agreed to target insurers and technical c...

In advance of passage, US officials already are contacting companies to warn they may face sanctions In advance of passage, US officials already are contacting companies to warn they may face sanctions, DPA reports from Washington. “We’re in the process of calling a number of these companies to make ...

Rozetka.ua Rozetka.ua, Ukraine’s largest online store is seeing record number of visitors to their site – 5.6 million on Tuesday. With the retailer’s ‘Black Friday’ sales going on all week, Vladyslav Chechotkin,...

The American Chamber of Commerce in Ukraine has presented its annual Thanksgiving Awards to Mykhailo Fedorov, Digital Transformation Minister, and to Paul Niland, founder of Lifeline Ukraine The American Chamber of Commerce in Ukraine has presented its annual Thanksgiving Awards to Mykhailo Fedorov, Digital Transformation Minister, and to Paul Niland, founder of Lifeline Ukraine, a nation...

The government yesterday granted Naftogaz the right to develop a massive Black Sea gas block without a tender. The government yesterday granted Naftogaz the right to develop a massive Black Sea gas block without a tender. The Dolphin block, near Ukraine’s portion of the Danube river delta, is believed to hold ...

Seismic work could involve $40 million of investments in the first year, Seismic work could involve $40 million of investments in the first year, Naftogaz said on Facebook. “This means the possibility of attracting international investors, and at the same time – on t...

Last year, an American company, Trident Acquisitions, won a competitive tender to develop the offshore block Last year, an American company, Trident Acquisitions, won a competitive tender to develop the offshore block. The incoming Zelenskiy government refused to accept the results of this ‘Poroshenko tender...

Ukraine has become a key player in the EU natural gas market, storing 10 billion cubic meters of gas this fall for gas traders. Ukraine has become a key player in the EU natural gas market, storing 10 billion cubic meters of gas this fall for gas traders. With the European heating starting last month, Ukraine, for the first ti...

Europe’s Green Deal commitment to renewables, hydrogen and decarbonizing energy sources “means that between 2030 and 2040 Europe’s Green Deal commitment to renewables, hydrogen and decarbonizing energy sources “means that between 2030 and 2040, Europe may see a radical drop in demand for natural gas,” Andrian Prokip, wro...

The EU ‘Hydrogen Strategy’ calls for dividing EU hydrogen production between the EU and its eastern neighbors. The EU ‘Hydrogen Strategy’ calls for dividing EU hydrogen production between the EU and its eastern neighbors. “This strategy stipulates that ‘the Eastern Neighborhood, in particular Ukraine, and the ...

In reaction, Gazprom and Rosatom, the nuclear corporation, recently signed a deal to hydrogen production in 2024 In reaction, Gazprom and Rosatom, the nuclear corporation, recently signed a deal to hydrogen production in 2024. Uniper, the German energy giant, says Nord Stream 2 could be repurposed to carry a ble...

“Joe Biden Is Unlikely to Save Angela Merkel’s Pet Project,” headlines a Bloomberg article yesterday about the $11 billion, 1,239 km Russia-German Baltic Sea gas line. “Joe Biden Is Unlikely to Save Angela Merkel’s Pet Project,” headlines a Bloomberg article yesterday about the $11 billion, 1,239 km Russia-German Baltic Sea gas line. “U.S. opposition is likely to re...

Democrats should not go wobbly on Nord Stream 2, The Wall Street Journal warns in an editorial: Democrats should not go wobbly on Nord Stream 2, The Wall Street Journal warns in an editorial: “Congress shouldn’t back off Russia sanctions in the annual defense bill.” “The incoming Democratic Admi...

Wednesday, November 25

The Israel-Ukraine Free Trade Agreement starts Jan.1 The Israel-Ukraine Free Trade Agreement starts Jan.1, President Zelenskiy tweeted yesterday. “The ‘green light’ to the growth of Ukrainian exports, closer cooperation in the fields of high-tech, engin...

Ernst & Young, is to prepare a tender for the concession to a private operator of the rail-ferry complex at Chornomorsk port Ernst & Young, is to prepare a tender for the concession to a private operator of the rail-ferry complex at Chornomorsk port, Infrastructure Minister Vladislav Krykliy announced yesterday. The ten...

Concession projects also are planned for parts of these ports: Concession projects also are planned for parts of these ports: Odesa on the Black Sea; Berdyansk and Mariupol on the Sea of Azov; and Izmail and Reni on the Danube. Three small, state-owned ports are ...

Over the next three years, the government plans to oversee investments in upgrades at 14 regional airports: Over the next three years, the government plans to oversee investments in upgrades at 14 regional airports: Cherkasy, Chernivtsi, Dnipro, Ivano-Frankivsk, Kherson, Kryvy Rih, Mykolaiv, Odesa, Poltava,...

Looking beyond coronavirus, a new Ukrainian airline, Bees Airline, plans to start service next month Looking beyond coronavirus, a new Ukrainian airline, Bees Airline, plans to start service next month, offering charter flights between Kyiv Sikorsky and Egypt’s coastal resort cities. Managed by Yevge...

SkyUp Airlines plans to start flights from Kyiv Boryspil next spring to Berlin Brandenburg Airport SkyUp Airlines plans to start flights from Kyiv Boryspil next spring to Berlin Brandenburg Airport. Opened one month ago, this new airport replaces Schönefeld, Tegel and Tempelhorf airports. On Dec. 2...

Poland has agreed to allocate 5,000 additional permits for Ukrainian trucks, Poland has agreed to allocate 5,000 additional permits for Ukrainian trucks, Minister Krikliy announced on his Telegram channel. Good through January 31, the offer comes after Ukraine charged that by ...

Ukraine will not receive any additional tranches of IMF low interest loans this year Ukraine will not receive any additional tranches of IMF low interest loans this year, Tymofiy Mylovanov, former Economy Minister and newly appointed advisor to the President’s office said Monday night...

Last summer’s purge of the Central Bank leadership and the court rulings that undermined Ukraine’s anti-corruption agencies apparently turned off the IMF. Last summer’s purge of the Central Bank leadership and the court rulings that undermined Ukraine’s anti-corruption agencies apparently turned off the IMF. Last month, the head of Britain’s M-I6 intell...

While the IMF awaits a positive resolution of the Constitutional Court standoff, Mylovanov said Ukraine could get an IMF “staff-level agreement.” While the IMF awaits a positive resolution of the Constitutional Court standoff, Mylovanov said Ukraine could get an IMF “staff-level agreement.” This could unlock billions in EU and World Bank aid as...

Adamant Capital wrote last night: “Key requirements seem to be some kind of progress on resurrecting the [National Anti-Corruption Bureau’s] powers and a balanced 2021 budget (deficit, in all probability, needs to be lower than the cu...

The The Finance Ministry jacked up interest rates yesterday and increase its sales of hryvnia bonds 30-fold, compared to the week earlier. By raising yields by one percentage point, to 10%, the Ministry s...

The companies of Serhiy Tigipko’s TAS Group plan to issue about $70 million worth of bonds next year, about 95% in hryvnia, The companies of Serhiy Tigipko’s TAS Group plan to issue about $70 million worth of bonds next year, about 95% in hryvnia, Roman Gorokhovskikh, the Group’s international projects director, told the U...

Capital investment dropped 29% yoy, to $9.5 billion Capital investment dropped 29% yoy, to $9.5 billion, for the first three quarters of this year, reports the State Statistics Service. Self-financing by companies accounted for 69% of total capital inv...

Tuesday, September 8

Ukraine’s exports are recovering from last spring’s corona-recession. Ukraine’s exports are recovering from last spring’s corona-recession. August exports were down only 1.6% yoy, “which in the context of a pandemic sounds like fantasy,” Taras Kachka, deputy minister of...

Ukraine exports of corn, wheat, and barley will drop around 9% yoy, to 51 million tons Ukraine exports of corn, wheat, and barley will drop around 9% yoy, to 51 million tons, in the current marketing season, predicts Grainmart, India’s first Grain Trading B2B online marketplace. Based n...

Two years after Saudi investors bought Ukraine’s troubled Two years after Saudi investors bought Ukraine’s troubled Mriya Agro Holding, a shipment of 60,000 tons of Ukrainian wheat is on its way to Saudi Arabia. In the first such shipment to Saudi Arabia in ...

Poisoned Russian opposition activist Alexei Navalny has improved, doctors treating him in Berlin say. Poisoned Russian opposition activist Alexei Navalny has improved, doctors treating him in Berlin say. He is out of a medically-induced coma, is being weaned off a ventilator, and “is responding to ver...

Germany May Not Even Need the Nord Stream Pipeline Right Now Germany May Not Even Need the Nord Stream Pipeline Right Now, headlines a Bloomberg analysis from Berlin. “Europe is flooded with gas and demand is likely to remain stable,” reads the energy market an...

“Has Vladimir Putin Poisoned His Pet Pipeline Project?” “Has Vladimir Putin Poisoned His Pet Pipeline Project?” Diane Francis, an opponent of the gas line, asks in an Atlantic Council Ukraine blog.

Ukraine’s natural gas imports jumped 67% yoy in August, as EU gas traders filled Ukraine’s gas storage reservoirs to a record 84% of capacity. Ukraine’s natural gas imports jumped 67% yoy in August, as EU gas traders filled Ukraine’s gas storage reservoirs to a record 84% of capacity. Traders store their gas in Ukraine, waiting for the tradi...

Mikheil Saakashvili was chosen yesterday to lead an 11-party opposition coalition in Georgia’s Oct. 31 parliamentary elections. Mikheil Saakashvili was chosen yesterday to lead an 11-party opposition coalition in Georgia’s Oct. 31 parliamentary elections. If the coalition wins, the former Georgian president would become prime ...

Traffic at Boryspil was down 60% yoy in August, to 656,029 passengers, Traffic at Boryspil was down 60% yoy in August, to 656,029 passengers, reports the Center for Transportation Strategies. Traffic on charter flights was down by only 9%, indicating that Kyiv residents ...

A Chinese state company is discussing building a massive Black Sea grain terminal that could handle 5 million tons a year, the equivalent of 10% of Ukraine’s corn and wheat exports A Chinese state company is discussing building a massive Black Sea grain terminal that could handle 5 million tons a year, the equivalent of 10% of Ukraine’s corn and wheat exports. Yesterday, represe...

Chinese container trains now arrive at Kyiv at the pace of one a week Chinese container trains now arrive at Kyiv at the pace of one a week, reports Ukrzaliznytsia. Traveling 9,000 km from Nanchang in 15 days, the latest train arrived Saturday at Kyiv’s left bank Liski ...

Ukraine seeks Chinese investment in industrial parks specializing in processing, storing and transshipping food Ukraine seeks Chinese investment in industrial parks specializing in processing, storing and transshipping food, Olga Stefanishyna, deputy prime minister for European and Euro-Atlantic Integration, ye...

Through August, Ukraine’s seaports handled 5% more cargo than during the same period last year Through August, Ukraine’s seaports handled 5% more cargo than during the same period last year, reports the Ukrainian Sea Ports Authority. The 106 million tons of cargo breaks down as follows : export...

Ukraine’s top five ports handled 91.5% of the nation’s cargo during the first eight months of this year, Ukraine’s top five ports handled 91.5% of the nation’s cargo during the first eight months of this year, reports the Sea Ports Authority. Pivdennyi once again was the most dynamic, with its cargo leve...

Friday, September 4

We will challenge this decision,” We will challenge this decision,” Petr Krumphanzl, a Czech banker who is Board Chairman of PrivatBank, told Ukrinform. We will continue to seek justice for PrivatBank and Ukrainian taxpayers who are t...

“One of the biggest transgressions in the history of the judicial power of Ukraine took place today,” “One of the biggest transgressions in the history of the judicial power of Ukraine took place today,” Justice Minister Denis Malyuska wrote on Facebook. Noting that the judge’s name Vovk, also means ‘...

Alexander Danilyuk, Finance Minister at the time of the nationalization, warned on Facebook yesterday Alexander Danilyuk, Finance Minister at the time of the nationalization, warned on Facebook yesterday: “This is the beginning of the collapse of the results of the nationalization of PrivatBank.” He w...

The Cabinet of Ministers has approved a strategy for steadily reducing the state share in Ukrainian banking, from 60% today, to below 25% in 2025 The Cabinet of Ministers has approved a strategy for steadily reducing the state share in Ukrainian banking, from 60% today, to below 25% in 2025. By the end of next year, all four state banks are to ...

The Finance Ministry reported that Ukraine’s state-owned banks wrote off $1 billion worth of non-performing loans The Finance Ministry reported that Ukraine’s state-owned banks wrote off $1 billion worth of non-performing loans at the expense of reserves during the first half of this year. For state banks, non-pe...

Almost overlooked in the furor of the Surkis case, Ukraine’s central bank met expectations yesterday and kept the prime lending rate at 6%. Almost overlooked in the furor of the Surkis case, Ukraine’s central bank met expectations yesterday and kept the prime lending rate at 6%. Dmitry Sologub, a deputy governor of the National Bank of Uk...

Political pressure is mounting on German Chancellor Angela Merkel to freeze or drop the Russia-Germany Nord Stream II pipeline project Political pressure is mounting on German Chancellor Angela Merkel to freeze or drop the Russia-Germany Nord Stream II pipeline project, according to Bloomberg and The Financial Times reports from Berl...