newsukraine

Monday, November 23

Mylovanov, a University of Wisconsin-Madison graduate, is known for advocating forceful, generally free market policies. Mylovanov, a University of Wisconsin-Madison graduate, is known for advocating forceful, generally free market policies. Two weeks ago on the Svoboda Slova program he advocated a hard lockdown to slow...

In another personnel change, the Cabinet fired on Friday Olha Buslavets, the acting Energy Minister, replacing her with Yuriy Boyko, her deputy at the Ministry In another personnel change, the Cabinet fired on Friday Olha Buslavets, the acting Energy Minister, replacing her with Yuriy Boyko, her deputy at the Ministry. Buslavets had served as acting minister...

In a black eye for Ukraine’s investment image, a pioneer Canadian renewables investor is accusing Igor Kolomoisky and his business partners of trying steal a 10.5 MW solar plant. In a black eye for Ukraine’s investment image, a pioneer Canadian renewables investor is accusing Igor Kolomoisky and his business partners of trying steal a 10.5 MW solar plant. Built by Calgary’s TI...

In the summer of 2019, Kolomoisky stopped paying the green tariff for solar and wind electricity nationwide. In the summer of 2019, Kolomoisky stopped paying the green tariff for solar and wind electricity nationwide. On March 1st, the Ferroalloy plant cut off TIU Canada from the substation. Later, in face t...

The TIU Canada plant in Nikopol is one of several completed solar plants around Ukraine that are not functioning because of problems connecting with power grids The TIU Canada plant in Nikopol is one of several completed solar plants around Ukraine that are not functioning because of problems connecting with power grids, Artem Semenyshyn, Executive Director o...

TIU Canada’s Vita Solar is one of several dozen small renewable companies that are suing for nearly $18 million from the Guaranteed Buyer TIU Canada’s Vita Solar is one of several dozen small renewable companies that are suing for nearly $18 million from the Guaranteed Buyer, the state company that is obliged to buy power from renewable...

President-elect Biden will be well-positioned to help President Zelenskiy fight against corruption in Ukraine President-elect Biden will be well-positioned to help President Zelenskiy fight against corruption in Ukraine, The Washington Post wrote last week in an editorial titled: “Ukraine’s anti-corruption pu...

Ukraine averaged 14,500 new coronavirus infections on Friday and Saturday – double the level of one month earlier. Ukraine averaged 14,500 new coronavirus infections on Friday and Saturday – double the level of one month earlier. Starting Saturday, police have the right to fine people not wearing masks in public p...

Under the current regime of weekend quarantines, 17,000 to 33,000 people could die of coronavirus in Ukraine over the next five weeks Under the current regime of weekend quarantines, 17,000 to 33,000 people could die of coronavirus in Ukraine over the next five weeks, according to a forecast by the Kyiv School of Economics. As of ye...

Nationwide Ukraine, an average of 27% of PCR tests for Covid are showing positive results. Nationwide Ukraine, an average of 27% of PCR tests for Covid are showing positive results. “Uncontrolled outbreak” is how Pavlo Kovtonyuk, head of the School’s Center for Health Economics, described t...

With clouds hanging over Ukraine’s deal with the IMF, President Zelenskiy is bringing back into his government two US-trained economists he let go last March – his former Finance Minister and his former Economy Minister. With clouds hanging over Ukraine’s deal with the IMF, President Zelenskiy is bringing back into his government two US-trained economists he let go last March – his former Finance Minister and his form...

Oksana Markarova, the former Finance Minister, has been nominated to serve as Ukraine’s next Ambassador to the United States. Oksana Markarova, the former Finance Minister, has been nominated to serve as Ukraine’s next Ambassador to the United States. Trained in public finance at Indiana University, Markarova worked in the F...

A fluent English speaker, Markarova has participated in numerous negotiations with the IMF, World Bank and other foreign financial institutions. A fluent English speaker, Markarova has participated in numerous negotiations with the IMF, World Bank and other foreign financial institutions. Foreign Minister Dmytro Kuleba reacted to press specula...

Monday, November 16

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 – Po...

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 ...

With imports falling faster than exports, Ukraine recorded a $531 million trade surplus for January-September With imports falling faster than exports, Ukraine recorded a $531 million trade surplus for January-September, compared to a $4.2 billion deficit during the same nine months last year.

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, ...

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 g...

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...

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 ...

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,...

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 runof...

“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 a...

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 ...

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 i...

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...

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 Minist...

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, Shm...

Wednesday, November 11

German logistics company Hamburger Hafen und Logistik AG, or HHLA, has set up a Ukraine unit to send containers by rail to major cities from Odesa’s German logistics company Hamburger Hafen und Logistik AG, or HHLA, has set up a Ukraine unit to send containers by rail to major cities from Odesa’s Container Terminal. Although container traffic was ...

Through October, Ukraine’s foreign trade was down 9% yoy, to $82.7 billion Through October, Ukraine’s foreign trade was down 9% yoy, to $82.7 billion, reported the State Customs Service. Imports were down 12%, to $43 billion. Exports were down 5%, to $39.6 billion. The trade...

Low oil prices have cut 37% off Ukraine’s oil import bill through October Low oil prices have cut 37% off Ukraine’s oil import bill through October, compared to the first 10 months of last year, reported the State Customs Service. Ukraine paid $2.8 billion for oil imports. ...

Food exports are down 1.7% through October yoy, to $17.6 billion Food exports are down 1.7% through October yoy, to $17.6 billion, reports the Ukrainian Club of Agrarian Business. Trends of major export commodities were: sunflower oil +21%; corn -12%; wheat +6%; so...

Ukraine’s seaports handled 132 million tons of cargo through October, 2% more than during the first 10 months of last year, Ukraine’s seaports handled 132 million tons of cargo through October, 2% more than during the first 10 months of last year, reports the Ukrainian Sea Ports Authority. Exports were up 4%, to 101 millio...

China was the fastest growing buyer of Ukraine’s exports China was the fastest growing buyer of Ukraine’s exports, Prime Minister Shmyhal told the Rada Friday. In October, he said that Ukraine’s exports to China were up by 88%, or by $2.6 billion. To attrac...

Odesa region’s Pivdenniy (Yuzhny) handled 18% more cargo through October, growing at the expense of the three other big Black Sea Ports, Odesa region’s Pivdenniy (Yuzhny) handled 18% more cargo through October, growing at the expense of the three other big Black Sea Ports, according to new figures from the Sea Ports Authority. Almost 4...

In contrast, cargo handled by Mykolaiv was down by 8%, to 25 million tons. In contrast, cargo handled by Mykolaiv was down by 8%, to 25 million tons. Odesa region’s other two big ports saw similar drops: Odesa down by 6%, to 19.4 million tons and Chornomorsk down by 8%, to 1...

First time registrations of used imported cars were up 50% yoy in October, to 38,800 cars, First time registrations of used imported cars were up 50% yoy in October, to 38,800 cars, reports UkrAutoprom, the vehicle industry association. Registrations of new imported cars totaled 8,400 – or ...

The Digital Transformation ministry is launching an English-language version of Diya.Biznes, its online platform for entrepreneurs doing business in Ukraine The Digital Transformation ministry is launching an English-language version of Diya.Biznes, its online platform for entrepreneurs doing business in Ukraine. Currently in test mode, the platform featu...

Qatar Airways intends to resume flights Dec. 18 between Doha and Kyiv Boryspil Qatar Airways intends to resume flights Dec. 18 between Doha and Kyiv Boryspil. For the first two weeks, flights will be three times a week. Last spring, flights were suspended due to the coronavirus ...

Chornobyl Exclusion Zone, a major attraction for foreign tourists, received 31,720 tourists through October, down 71% yoy Chornobyl Exclusion Zone, a major attraction for foreign tourists, received 31,720 tourists through October, down 71% yoy. Due to the fires and the coronavirus lockdown, the area around the ruined nuc...

To draw Chornobyl tourists for longer stays, Kyiv-based tour operators plan to offer next summer kayak tours on the Pripyat River and bicycle tours on a new, 45 km trail To draw Chornobyl tourists for longer stays, Kyiv-based tour operators plan to offer next summer kayak tours on the Pripyat River and bicycle tours on a new, 45 km trail. The trail follows a loop, pas...

Building on the internationally acclaimed “Chernobyl” HBO series, Ukraine’s Culture Minister Oleksandr Tkachenko seeks UNESCO World Heritage Site status for the Chernobyl Exclusion Zone, Building on the internationally acclaimed “Chernobyl” HBO series, Ukraine’s Culture Minister Oleksandr Tkachenko seeks UNESCO World Heritage Site status for the Chernobyl Exclusion Zone, reports the N...

Ukrzaliznytsia plans to increase five-fold its investments next year in wagons, locomotives and track – to almost $1 billion Ukrzaliznytsia plans to increase five-fold its investments next year in wagons, locomotives and track – to almost $1 billion, Irakli Ezugbaya, the new cargo director for the state railroad, told the C...

International logistics companies will be able to manage UZ’s container terminals through long term concessions, International logistics companies will be able to manage UZ’s container terminals through long term concessions, Ezugbaya said in the same interview. “International logistics operators will be interes...

Wednesday, September 9

Ukraine may place $1-1.5 billion worth Eurobonds this fall to cover the budget deficit and to buy back more GDP warrants Ukraine may place $1-1.5 billion worth Eurobonds this fall to cover the budget deficit and to buy back more GDP warrants, predicts Bank of America Securities. This would follow July’s successful place...

Facing weak investor demand, the Finance Ministry sold on Tuesday only one third the volume of hryvnia bonds as at last week’s auction, and at slightly higher yields Facing weak investor demand, the Finance Ministry sold on Tuesday only one third the volume of hryvnia bonds as at last week’s auction, and at slightly higher yields. In yesterday’s auction, the gover...

Fitch, the ratings agency that most closely follows Ukraine, reaffirmed its ‘B’ rating for Ukraine last Friday Fitch, the ratings agency that most closely follows Ukraine, reaffirmed its ‘B’ rating for Ukraine last Friday, with a stable outlook. Japan’s R&I upgraded Ukraine’s sovereign rating last week by ...

Concorde Capital’s Concorde Capital’s Alexander Paraschiy writes: Looking at the balance of possible positive and negative triggers for Ukraine’s rating, we see a low chance for Ukraine to get any better rating in the n...

A new Eurobond placement would come on the heels of two large deals A new Eurobond placement would come on the heels of two large deals:

Ukraine’s international reserves grew to $29 billion in August, the highest level in eight years Ukraine’s international reserves grew to $29 billion in August, the highest level in eight years, reports the National Bank of Ukraine. Boosting reserves, foreign travel by Ukrainians was down sharply...