newsintheukrain

Friday, July 10

Air traffic out of Kyiv is growing gradually, with today’s scheduled flight departures totaling 44 from Kyiv Boryspil and 14 from Kyiv Sikorskiy Air traffic out of Kyiv is growing gradually, with today’s scheduled flight departures totaling 44 from Kyiv Boryspil and 14 from Kyiv Sikorskiy. The two airports expect to handle a total of 200,000 p...

Norway’s NBT continues planning for a €1.2 billion project in Zaporizhia Oblast that could be Europe’s largest onshore wind farm. Norway’s NBT continues planning for a €1.2 billion project in Zaporizhia Oblast that could be Europe’s largest onshore wind farm. Designed to generate 792MW, the Zophia farm would place 160 turbines a...

Ukrainian tourists no longer have to take Covid tests to enter Montenegro, Ukrainian tourists no longer have to take Covid tests to enter Montenegro, reports that Adriatic nation’s Public Health Institute. SkyUp and Windrose fly from Kyiv Boryspil to Tivat, Montenegro’s larg...

Reversing five years of modest foreign direct investment inflows, Ukraine recorded a net outflow of $1.5 billion in foreign investment during the first five months of this year Reversing five years of modest foreign direct investment inflows, Ukraine recorded a net outflow of $1.5 billion in foreign investment during the first five months of this year. Last year, Ukraine att...

The Economy Ministry estimates that Ukraine’s GDP contracted by 5.9% from January to May, the height of the Covid lockdown period. The Economy Ministry estimates that Ukraine’s GDP contracted by 5.9% from January to May, the height of the Covid lockdown period. With the economy starting to recover, estimates of the year end GDP p...

Eurozone GDP will decline by 8.7% this year, then grow by 6.1% in 2021, Eurozone GDP will decline by 8.7% this year, then grow by 6.1% in 2021, according to a forecast this week of the European Commission. Among the major economies: Germany -6.3% in 2020, then +5.3% in 20...

Ukraine’s electricity consumption fell during the first half of this year by 5% compared to the first half of last year Ukraine’s electricity consumption fell during the first half of this year by 5% compared to the first half of last year, reports Ukrenergo, the state-owned electricity transmission system operator. Ho...

Thursday, July 9

Ukraine’s foreign reserves hit $28.5 billion on July 1, the highest level in eight years, Ukraine’s foreign reserves hit $28.5 billion on July 1, the highest level in eight years, reports the National Bank of Ukraine. Boosting reserves 12% over the June 1 level, the IMF deposited its first...

“There likely won’t be any more [IMF] tranches distributed to Ukraine, unless the new NBU Governor is acceptable to the IMF and its conditions are met,” “There likely won’t be any more [IMF] tranches distributed to Ukraine, unless the new NBU Governor is acceptable to the IMF and its conditions are met,” Robert Homans writes in a bne IntelliNews artic...

Turkey hopes 100,000 Ukrainians will visit Antalya this month, Turkey hopes 100,000 Ukrainians will visit Antalya this month, down from 145,000 in July 2019, Interfax-Ukraine reports from Antalya Airport. Ukrainian groups go to Turkish hotels that follow Covid co...

Ukraine’s Foreign Ministry is asking airlines and travel agencies to stop selling tickets to countries that don’t allow Ukrainian tourists to enter Ukraine’s Foreign Ministry is asking airlines and travel agencies to stop selling tickets to countries that don’t allow Ukrainian tourists to enter. With Ukraine’s Covid infection rate well above the ...

Five Balkan nations, Albania, Croatia, Montenegro, North Macedonia, and Serbia — welcome Ukrainian tourists Five Balkan nations, Albania, Croatia, Montenegro, North Macedonia, and Serbia — welcome Ukrainian tourists. Visitors planning to fly to Croatia should fill out this Croatian Tourism Ministry fo...

Betting that air travel will normalize next year, Betting that air travel will normalize next year, Ryanair next summer will add five new routes between Lviv and five Italian cities: Bari, Naples, Palermo, Turin and Treviso (Venice). On Monday, Ryana...

Ukraine’s beach resorts – on the Black Sea and Azov Sea – are booming this summer Ukraine’s beach resorts – on the Black Sea and Azov Sea – are booming this summer, Vodaphone Ukraine reports citing movements of 4G users. “Judging by the increase in Internet traffic and the number o...

Shut off from the EU after three years of visa-free access, Ukrainians will discover that Ukrainian hotels and amenities modernized while they were away, Shut off from the EU after three years of visa-free access, Ukrainians will discover that Ukrainian hotels and amenities modernized while they were away, Peter Dickinson writes in an Atlantic Council ...

To answer foreigners’ questions about entering Ukraine, the government launched this week To answer foreigners’ questions about entering Ukraine, the government launched this week Visit Ukraine Today, an internet site that provides information on entry and exit requirements for foreign tra...

Ecolines resumes bus service from Kyiv to Moscow today and from Kyiv to St. Petersburg on Saturday. Ecolines resumes bus service from Kyiv to Moscow today and from Kyiv to St. Petersburg on Saturday. Rail service was suspended in late March due to the coronavirus epidemic. There have been no commerc...

Fresh from purging the leadership of the central bank, President Zelenskiy told business leaders yesterday that Ukraine’s exchange rate should match the rate in the national budget – 30 hryvnia to the dollar. Fresh from purging the leadership of the central bank, President Zelenskiy told business leaders yesterday that Ukraine’s exchange rate should match the rate in the national budget – 30 hryvnia to the...

“Companies lost millions and closed because of this rate – this is true,” “Companies lost millions and closed because of this rate – this is true,” he told business leaders in Chernivtsi, reports Interfax-Ukraine. “We have been fighting this since the very beginning of my t...

Zelenskiy took aim at Valeria Gontareva, former head of central bank Zelenskiy took aim at Valeria Gontareva, former head of central bank. From self-exile in London, she urged the IMF to ask for their money back if Ukraine’s president dilutes the independence of the ce...

The State Security Service, or SBU, took a more censorial tack The State Security Service, or SBU, took a more censorial tack, posting on Facebook that it “considers it inadmissible to declare statements that could harm the national security of the state, in part...

Tim Ash writes from London: “ Tim Ash writes from London: “SBU in effect telling Gontareva, Smoliy and Churiy to shut up as Zelensky and crew take over the NBU… Clear Zelensky wants a team at the NBU who will do his bidding,...

Wednesday, July 8

Concorde Capital’s Alexander Paraschiy writes of Smoliy’s interview: Concorde Capital’s Alexander Paraschiy writes of Smoliy’s interview: “Given (1) recent statements from Western institutions concerned about the NBU’s independence, (2) the removal of Smoliy and ...

The IMF should suspend payments to Ukraine if the country’s government does not appoint an independent central bank governor, Valeria Gontareva, former governor of the National Bank of Ukraine, tells The IMF should suspend payments to Ukraine if the country’s government does not appoint an independent central bank governor, Valeria Gontareva, former governor of the National Bank of Ukraine, tells ...

If President Zelenskiy does not appoint a central bank governor willing to stand up to Ihor Kolomoisky, the IMF should ask for its money back, If President Zelenskiy does not appoint a central bank governor willing to stand up to Ihor Kolomoisky, the IMF should ask for its money back, she adds. “Those tranches were paid under the agreement t...

The Finance Ministry sold $11.7 million worth of hryvnia government bonds yesterday’s weekly auction, the lowest amount since late May. The Finance Ministry sold $11.7 million worth of hryvnia government bonds yesterday’s weekly auction, the lowest amount since late May. The main seller yesterday – $10.8 million worth — wa...

On Monday, Air France resumes regular flights between Paris Charles de Gaulle and Kyiv Boryspil On Monday, Air France resumes regular flights between Paris Charles de Gaulle and Kyiv Boryspil. The flights will be twice a week through Aug. 24. After that the frequency becomes three times a week.

In June Boryspil handled 48,398 passengers, down 97% yoy from the June 2019 volume — 1,532,580. In June Boryspil handled 48,398 passengers, down 97% yoy from the June 2019 volume — 1,532,580. Scheduled air service only re-started on June 15.

The 23 countries accepting tourists from Ukraine include The 23 countries accepting tourists from Ukraine include: Britain, US, South Korea, Albania, Croatia, Montenegro, North Macedonia, Serbia, Egypt, Turkey, Dubai, Iraq, Iran, Belarus and Ethiopia. Sever...

After 12 Ryanair passengers from Kyiv Boryspil were detained at Athens airport for three days After 12 Ryanair passengers from Kyiv Boryspil were detained at Athens airport for three days, Ryanair now asks that all passengers flying out of Ukraine confirm that they have read Ryanair’s Flight a...

The EU allows entry of Ukrainians for study, business, work, health care, diplomacy, transit, and trucking The EU allows entry of Ukrainians for study, business, work, health care, diplomacy, transit, and trucking, according to Dmytro Kuleba, Ukraine’s Foreign Minister Documented proof of need to enter is ...

On Ukraine’s northern border, Ukraine has opened six border checkpoints with Belarus. On Ukraine’s northern border, Ukraine has opened six border checkpoints with Belarus. Two of these are open for cars as well as pedestrians and cars – Dolsk, Volyn Oblast and Polessy, Kyiv Oblast. To ...

Yakiv Smoliy’s resignation as head of Ukraine’s central bank last week came after nine months of pressure from President Zelenskiy to cut interest rates and to print more money. Yakiv Smoliy’s resignation as head of Ukraine’s central bank last week came after nine months of pressure from President Zelenskiy to cut interest rates and to print more money. “I realized I ha...

A summer travel survey of online users of Rozetka Travel finds: 45% plan to vacation in Ukraine, 24% plan a foreign vacation, and 17% plan to go to the dacha or visit relatives A summer travel survey of online users of Rozetka Travel finds: 45% plan to vacation in Ukraine, 24% plan a foreign vacation, and 17% plan to go to the dacha or visit relatives. Of the overseas group,...

Asked about timing – now or in the fall – Zelenskiy, responded ‘now,’ Asked about timing – now or in the fall – Zelenskiy, responded ‘now,’ Smoliy said Saturday in a 6,800-word interview conducted Saturday at the National Bank of Ukraine office he occupied for two years...

The timing ruined the Finance Ministry’s placement of $1.75 billion in Eurobonds The timing ruined the Finance Ministry’s placement of $1.75 billion in Eurobonds. Before the offering was yanked Thursday, the bonds were four times oversubscribed and yields had dropped 50 basis poin...

A theme running through the interview is that Zelenskiy wants his own appointee as central bank governor A theme running through the interview is that Zelenskiy wants his own appointee as central bank governor, an official who will respond favorably to telephone calls from the president’s office. “How ma...

To keep on track with the IMF and Western lenders, Smoliy said the central bank remain independent from pressure from the President and the Rada. To keep on track with the IMF and Western lenders, Smoliy said the central bank remain independent from pressure from the President and the Rada. “Neither the IMF, nor the World Bank, nor any corporat...

Smoliy also complained of pressure from Ihor Kolomoisky who seeks to regain control of PrivatBank. Smoliy also complained of pressure from Ihor Kolomoisky who seeks to regain control of PrivatBank. There were noisy, paid rallies outside the central bank building and outside his residential compound...