newsaboutukraine

Wednesday, February 17

Kyiv’s 11th Regus office work space opens in Podil next month Kyiv’s 11th Regus office work space opens in Podil next month, reports the parent company, Luxembourg-based IWG Plc. Despite last year’s economic recession, total occupancy of the 10 existing Regus wo...

Kyiv’s Sikorsky Airport is to add 500 meters to its runway, allowing Wizz Air, its primary user, to use larger jets. Kyiv’s Sikorsky Airport is to add 500 meters to its runway, allowing Wizz Air, its primary user, to use larger jets. By moving to Airbus 321 jets, Wizz Air says it can reduce frequencies and noise in ...

Mayor Klitschko signed an order last week for design work to start on a 5-year upgrade of the airport Mayor Klitschko signed an order last week for design work to start on a 5-year upgrade of the airport. By expanding the runway to 2,810 meters, upgrading lights and adding an instrument landing system...

German and Biden Administration officials are discussing a package of measures that would allow the Russia-German gas line to open, but protect Ukraine’s security concerns German and Biden Administration officials are discussing a package of measures that would allow the Russia-German gas line to open, but protect Ukraine’s security concerns, according to a Financial Ti...

“As Berlin seeks solutions, early signs from Washington indicate that the Biden administration is seeking to defuse the Nord Stream 2 debate,” “As Berlin seeks solutions, early signs from Washington indicate that the Biden administration is seeking to defuse the Nord Stream 2 debate,” the FT writes. “Two knowledgeable sources said [US Secret...

A cold weather spike in electricity consumption, a lack of coal, and power plant breakdowns are forcing Eastern Ukraine to import electricity A cold weather spike in electricity consumption, a lack of coal, and power plant breakdowns are forcing Eastern Ukraine to import electricity from Belarus and Russia and Western Ukraine to import elec...

Electricity consumption last week was 6.5% more than forecast Electricity consumption last week was 6.5% more than forecast. But coal reserves fell to one third of required minimums. Thanks to imports, Kudrytskyi does not predict immediate power shortages.

DTEK Group, Ukraine’s largest private power producer DTEK Group, Ukraine’s largest private power producer, called on the government yesterday “to abolish price caps, which are an obstacle to the liberalization of the electricity market.” The company cit...

Ukraine’s Energoatom will soon stop sending spent nuclear fuel to Russia for processing and storage Ukraine’s Energoatom will soon stop sending spent nuclear fuel to Russia for processing and storage, Petro Kotin, the company head, said yesterday. In July, the Centralized Spent Fuel Storage Facility...

With demand strong for Ukrainian government bonds, the Finance Ministry depressed yields on all five hryvnia bonds sold at yesterday’s auction With demand strong for Ukrainian government bonds, the Finance Ministry depressed yields on all five hryvnia bonds sold at yesterday’s auction, the Ministry reported. With yields dropping from six to ...

Looking beyond the bland public statements surrounding Ukraine’s recent suspension of talks with the IMF, Looking beyond the bland public statements surrounding Ukraine’s recent suspension of talks with the IMF, Anders Aslund, a veteran IMF observer, writes in an Atlantic Council blog: “No agreement was c...

DiDi, China’s giant online taxi service, plans to launch this year in Ukraine, reports AIN.ua news site. With 550 million users DiDi, China’s giant online taxi service, plans to launch this year in Ukraine, reports AIN.ua news site. With 550 million users, tens of millions of users and billions of dollars in revenues, DiDi ent...

Monday, February 8

About one third of $2.8 billion Covid-19 Fighting Fund went to build roads last year About one third of $2.8 billion Covid-19 Fighting Fund went to build roads last year, the Finance Ministry reports. About 23% went to the Health Ministry. The rest went to unemployment benefits, insur...

Concorde Capital’s Evgeniya Akhtyrko noted that the Finance Ministry report was a requirement for the IMF program that started last June Concorde Capital’s Evgeniya Akhtyrko noted that the Finance Ministry report was a requirement for the IMF program that started last June. She writes: “It was obvious that the Zelenskiy administration ...

NASA has awarded a $93 million contract to Firefly Aerospace Inc. to deliver 10 payloads to the Moon’s Mare Crisium in 2023, NASA has awarded a $93 million contract to Firefly Aerospace Inc. to deliver 10 payloads to the Moon’s Mare Crisium in 2023, the Ukraine-originated company reports from its headquarters near Austin, T...

Firefly has several other contracts with the US space agency. Firefly has several other contracts with the US space agency. In December, NASA reported that Firefly signed a $9.8 million contract to launch satellites for space research. In addition, Firefly is de...

With snow and sub-freezing temperatures expected through this weekend, 15 power units in Ukraine are shut down for lack of fuel or for emergency repairs, With snow and sub-freezing temperatures expected through this weekend, 15 power units in Ukraine are shut down for lack of fuel or for emergency repairs, warned Andriy Gerus, Chair of the Rada Committ...

January’s average gas price was 23.5% higher than December’s price January’s average gas price was 23.5% higher than December’s price, according to State Customs Service numbers. In face of the price hike, the government has capped prices through March 31 at the Janu...

‘Near-shoring’ – or bringing production capacity closer to the EU may boost investment into Ukrainian from European manufacturers hurt last year when supply lines were cut by coronavirus restrictions, ‘Near-shoring’ – or bringing production capacity closer to the EU may boost investment into Ukrainian from European manufacturers hurt last year when supply lines were cut by coronavirus restrictions,...

Ukraine’s coffee imports increased by 63% in the last five years Ukraine’s coffee imports increased by 63% in the last five years, hitting almost 50,000 tons in 2020, reports the Ukrainian Agribusiness Club. Of the $166 million business, Ukraine imports only 16% fr...

Projects in the pipeline include Projects in the pipeline include $1.1 billion of investments in mining and processing by Canada’s Black Iron Inc. and a €200 million wood products facility to be built by Austria’s Kronospan. Tsivkach...

Coronavirus vaccinations start next week in Ukraine Coronavirus vaccinations start next week in Ukraine, Health Minister Maksym Stepanov tells Ukraina 24 TV. Initially, the Ministry to draw on a small initial shipment of 117,000 doses of U.S.-made Pfiz...

In the pipeline are 25 million doses, enough for one third of Ukraine’s 37 million people to get the requisite two shots by the end of this year: In the pipeline are 25 million doses, enough for one third of Ukraine’s 37 million people to get the requisite two shots by the end of this year:

This month, the first 50 of 500 mobile vaccination teams are to start working This month, the first 50 of 500 mobile vaccination teams are to start working, Prime Minister Shmyhal told the Cabinet last week. In addition, he said, health workers are preparing 1,500 vaccination r...

“The sooner we get the vaccines, the faster we will overcome the pandemic in Ukraine,” “The sooner we get the vaccines, the faster we will overcome the pandemic in Ukraine,” President Zelenskiy said Friday on announcing the 12 million Indian-made vaccines. “I know that the Cabinet...

Ukraine’s daily rate of detected cases dropped roughly in half over the last month Ukraine’s daily rate of detected cases dropped roughly in half over the last month – from 6-9,000 at the start January, to 3-5,000 cases a day last week. To date, 1.2 million Ukrainians, or 3% of the ...

Vaccinations of soldiers start at the end of this month, Vaccinations of soldiers start at the end of this month, says Serhiy Khalik, acting commander of Medical Forces of the Armed Forces. To date, 15,005 members of the military are known to have contracte...

Almost half of Ukrainians have antibodies to Covid-19 Almost half of Ukrainians have antibodies to Covid-19, Natalia Vinohrad, head of Epidemiology at Lviv National Medical University, told Savik Shuster’s ‘Freedom of Speech’ TV program. “Despite the fac...

Only 43% of respondents to a poll in mid-January said they would take the vaccine, even if free Only 43% of respondents to a poll in mid-January said they would take the vaccine, even if free. If they had to pay, only 39% told Rating Group that they would buy the vaccine. Commercial sales of vac...

Monday, January 18

Starting tomorrow, all airline passengers traveling to the US, including US citizens, must provide a negative COVID-19 test taken within three days of travel Starting tomorrow, all airline passengers traveling to the US, including US citizens, must provide a negative COVID-19 test taken within three days of travel or documentation of recovery from COVID-19...

Russia’s Gazprom resumes construction of Nord Stream 2 this week, aiming to complete work in Danish waters by the end of May and in Germany waters by the end of June, Russia’s Gazprom resumes construction of Nord Stream 2 this week, aiming to complete work in Danish waters by the end of May and in Germany waters by the end of June, reported Bloomberg, citing an off...

Zurich Insurance Group Zurich Insurance Group AG has become the latest European company to pull out of the controversial Russia-Germany pipeline project, bowing to US sanctions, reports Bloomberg in a separate story. Presum...

Foreign holdings of Ukrainian bonds ticked up 3.8% in the first two auctions of 2021 Foreign holdings of Ukrainian bonds ticked up 3.8% in the first two auctions of 2021, hitting UAH 87.6 billion, or $3.1 billion. Foreigners now hold 8.75% of the Ukrainian government bond market, acco...

Air traffic in and out of Kharkiv, Ukraine’s second largest city, dropped by 51% last year Air traffic in and out of Kharkiv, Ukraine’s second largest city, dropped by 51% last year, slightly better than the nationwide drop of 64%, reported the Center for Transportation Strategies. Worldwid...

Ukraine’s Armed Forces plan to order up to eight new An-74 multipurpose transport jets to start replacing its aging An-26 fleet, Minister for Strategic Industries Oleh Uruskiy Ukraine’s Armed Forces plan to order up to eight new An-74 multipurpose transport jets to start replacing its aging An-26 fleet, Minister for Strategic Industries Oleh Uruskiy writes on Facebook. The ...

Epicenter K, Ukraine’s largest retailer, plans to invest $1.2 billion through the end of next year Epicenter K, Ukraine’s largest retailer, plans to invest $1.2 billion through the end of next year, Petro Mykhailyshyn, Director General of the group, said Thursday at a press conference at Interfax-U...

Epicenter, Ukraine’s version of Home Depot, has 62 hypermarkets with a total area of Epicenter, Ukraine’s version of Home Depot, has 62 hypermarkets with a total area of over 1 million square meters nationwide. Recently, the company has invested in farming and logistics. Mykhailyshy...

To reach Ukraine’s smaller cities, Epicenter is building up to 100 smaller format stores – retail spaces with 4-6,000 square meters To reach Ukraine’s smaller cities, Epicenter is building up to 100 smaller format stores – retail spaces with 4-6,000 square meters, Mikhailishin told Interfax-Ukraine in an interview. Aiming at the h...

Although attendance at shopping malls dropped by 26% yoy last year, overall retail sales were up 7.6% for the first 11 months of 2020 Although attendance at shopping malls dropped by 26% yoy last year, overall retail sales were up 7.6% for the first 11 months of 2020, reports NAI Ukraine, the commercial real estate consulting compan...

Online orders through OLX Delivery, one of Ukraine’s largest internet shopping platforms, jumped for the for the period Dec. 9 to Jan 13 Online orders through OLX Delivery, one of Ukraine’s largest internet shopping platforms, jumped for the for the period Dec. 9 to Jan 13, compared to last year, the company’s analytical service report...

Starting this week, service personnel in all stores, restaurants Starting this week, service personnel in all stores, restaurants, cafes, pharmacies, and gas stations, must first address customers in Ukrainian. Customers are not obligated to use Ukrainian and can c...

Facing complaints about coronavirus vaccine profiteering and delays, Ukraine’s Health Ministry signed a contract last week with Crown Agents, a British international development company Facing complaints about coronavirus vaccine profiteering and delays, Ukraine’s Health Ministry signed a contract last week with Crown Agents, a British international development company, to buy the Ch...

In March, the mass vaccination of 2.5 million Ukrainians is to start In March, the mass vaccination of 2.5 million Ukrainians is to start. Later in the spring, people will be able to buy vaccinations – a window for foreigners to get vaccinated here. Minister Stepanov t...

Monday, December 28

Off the books transactions account for “somewhere over 50%” of GDP Off the books transactions account for “somewhere over 50%” of GDP, Danil Getmantsev, ruling party MP and chair of the Rada committee on finance, tax and customs policy, told Radio Liberty. He called ...

In one step, 100,000 small businesses have downloaded the ‘cash register in a smart phone’ app since its debut August 1 In one step, 100,000 small businesses have downloaded the ‘cash register in a smart phone’ app since its debut August 1, 2020 Getmantsev said. As a result, there have been 100 million sales receipts u...

Legalized gambling will bring in $270 million in new tax revenues in 2021 Legalized gambling will bring in $270 million in new tax revenues in 2021, Hetmantsev predicted in the Radio Svoboda interview. Gambling in high-end hotel casinos is to start in Ukraine next year.

Ukrainian Insurance Group, a unit of Vienna Insurance Group, has paid $1.3 million for a cargo of wheat destroyed on August 4 in the massive port explosion in Beirut Ukrainian Insurance Group, a unit of Vienna Insurance Group, has paid $1.3 million for a cargo of wheat destroyed on August 4 in the massive port explosion in Beirut. The cargo was insured against all...

In 2021, Ukraine’s air travel will only rebound to half the level of 2019 In 2021, Ukraine’s air travel will only rebound to half the level of 2019, Infrastructure Minister Vladyslav Krikliy estimated in a year end interview with Channel 24. The 2019 level 25 million passen...

President Zelenskiy signed on Friday the national budget for 2021 President Zelenskiy signed on Friday the national budget for 2021. Expenditures are to be $46.5 billion and revenues are $38.2 billion. The deficit of $8.3 billion is to be 5.5% of GDP, forecast at $1...

Wizz Air plans to fly from Vinnytsia, its sixth Ukrainian city, Vinnytsia Mayor, Serhiy Morgunov, told Wizz Air plans to fly from Vinnytsia, its sixth Ukrainian city, Vinnytsia Mayor, Serhiy Morgunov, told Avianews. He said: “We are talking about the potential opening of flights from Vinnitsa to Berlin...

newsaboutukraine

Kyiv’s 11th Regus office work space opens in Podil next month Kyiv’s 11th Regus office work space opens in Podil next month, reports the parent company, Luxembourg-based IWG Plc. Despite last year’s economic recession, total occupancy of the 10 existing Regus wo...

Electricity consumption last week was 6.5% more than forecast Electricity consumption last week was 6.5% more than forecast. But coal reserves fell to one third of required minimums. Thanks to imports, Kudrytskyi does not predict immediate power shortages.

DTEK Group, Ukraine’s largest private power producer DTEK Group, Ukraine’s largest private power producer, called on the government yesterday “to abolish price caps, which are an obstacle to the liberalization of the electricity market.” The company cit...

About one third of $2.8 billion Covid-19 Fighting Fund went to build roads last year About one third of $2.8 billion Covid-19 Fighting Fund went to build roads last year, the Finance Ministry reports. About 23% went to the Health Ministry. The rest went to unemployment benefits, insur...

Firefly has several other contracts with the US space agency. Firefly has several other contracts with the US space agency. In December, NASA reported that Firefly signed a $9.8 million contract to launch satellites for space research. In addition, Firefly is de...

January’s average gas price was 23.5% higher than December’s price January’s average gas price was 23.5% higher than December’s price, according to State Customs Service numbers. In face of the price hike, the government has capped prices through March 31 at the Janu...

Ukraine’s coffee imports increased by 63% in the last five years Ukraine’s coffee imports increased by 63% in the last five years, hitting almost 50,000 tons in 2020, reports the Ukrainian Agribusiness Club. Of the $166 million business, Ukraine imports only 16% fr...

Projects in the pipeline include Projects in the pipeline include $1.1 billion of investments in mining and processing by Canada’s Black Iron Inc. and a €200 million wood products facility to be built by Austria’s Kronospan. Tsivkach...

Coronavirus vaccinations start next week in Ukraine Coronavirus vaccinations start next week in Ukraine, Health Minister Maksym Stepanov tells Ukraina 24 TV. Initially, the Ministry to draw on a small initial shipment of 117,000 doses of U.S.-made Pfiz...

In the pipeline are 25 million doses, enough for one third of Ukraine’s 37 million people to get the requisite two shots by the end of this year: In the pipeline are 25 million doses, enough for one third of Ukraine’s 37 million people to get the requisite two shots by the end of this year:

This month, the first 50 of 500 mobile vaccination teams are to start working This month, the first 50 of 500 mobile vaccination teams are to start working, Prime Minister Shmyhal told the Cabinet last week. In addition, he said, health workers are preparing 1,500 vaccination r...

“The sooner we get the vaccines, the faster we will overcome the pandemic in Ukraine,” “The sooner we get the vaccines, the faster we will overcome the pandemic in Ukraine,” President Zelenskiy said Friday on announcing the 12 million Indian-made vaccines. “I know that the Cabinet...

Ukraine’s daily rate of detected cases dropped roughly in half over the last month Ukraine’s daily rate of detected cases dropped roughly in half over the last month – from 6-9,000 at the start January, to 3-5,000 cases a day last week. To date, 1.2 million Ukrainians, or 3% of the ...

Vaccinations of soldiers start at the end of this month, Vaccinations of soldiers start at the end of this month, says Serhiy Khalik, acting commander of Medical Forces of the Armed Forces. To date, 15,005 members of the military are known to have contracte...

Almost half of Ukrainians have antibodies to Covid-19 Almost half of Ukrainians have antibodies to Covid-19, Natalia Vinohrad, head of Epidemiology at Lviv National Medical University, told Savik Shuster’s ‘Freedom of Speech’ TV program. “Despite the fac...

Only 43% of respondents to a poll in mid-January said they would take the vaccine, even if free Only 43% of respondents to a poll in mid-January said they would take the vaccine, even if free. If they had to pay, only 39% told Rating Group that they would buy the vaccine. Commercial sales of vac...

Zurich Insurance Group Zurich Insurance Group AG has become the latest European company to pull out of the controversial Russia-Germany pipeline project, bowing to US sanctions, reports Bloomberg in a separate story. Presum...

Foreign holdings of Ukrainian bonds ticked up 3.8% in the first two auctions of 2021 Foreign holdings of Ukrainian bonds ticked up 3.8% in the first two auctions of 2021, hitting UAH 87.6 billion, or $3.1 billion. Foreigners now hold 8.75% of the Ukrainian government bond market, acco...

Air traffic in and out of Kharkiv, Ukraine’s second largest city, dropped by 51% last year Air traffic in and out of Kharkiv, Ukraine’s second largest city, dropped by 51% last year, slightly better than the nationwide drop of 64%, reported the Center for Transportation Strategies. Worldwid...

Epicenter, Ukraine’s version of Home Depot, has 62 hypermarkets with a total area of Epicenter, Ukraine’s version of Home Depot, has 62 hypermarkets with a total area of ​​over 1 million square meters nationwide. Recently, the company has invested in farming and logistics. Mykhailyshy...

Starting this week, service personnel in all stores, restaurants Starting this week, service personnel in all stores, restaurants, cafes, pharmacies, and gas stations, must first address customers in Ukrainian. Customers are not obligated to use Ukrainian and can c...

In March, the mass vaccination of 2.5 million Ukrainians is to start In March, the mass vaccination of 2.5 million Ukrainians is to start. Later in the spring, people will be able to buy vaccinations – a window for foreigners to get vaccinated here. Minister Stepanov t...

Off the books transactions account for “somewhere over 50%” of GDP Off the books transactions account for “somewhere over 50%” of GDP, Danil Getmantsev, ruling party MP and chair of the Rada committee on finance, tax and customs policy, told Radio Liberty. He called ...

Legalized gambling will bring in $270 million in new tax revenues in 2021 Legalized gambling will bring in $270 million in new tax revenues in 2021, Hetmantsev predicted in the Radio Svoboda interview. Gambling in high-end hotel casinos is to start in Ukraine next year.

In 2021, Ukraine’s air travel will only rebound to half the level of 2019 In 2021, Ukraine’s air travel will only rebound to half the level of 2019, Infrastructure Minister Vladyslav Krikliy estimated in a year end interview with Channel 24. The 2019 level 25 million passen...

President Zelenskiy signed on Friday the national budget for 2021 President Zelenskiy signed on Friday the national budget for 2021. Expenditures are to be $46.5 billion and revenues are $38.2 billion. The deficit of $8.3 billion is to be 5.5% of GDP, forecast at $1...

Epicenter, Ukraine’s version of Home Depot, has 62 hypermarkets with a total area of Epicenter, Ukraine’s version of Home Depot, has 62 hypermarkets with a total area of over 1 million square meters nationwide. Recently, the company has invested in farming and logistics. Mykhailyshy...