todayinukraine

Tuesday, January 5

The Covid economy accelerated Ukrainians’ flight from cash in 2020 The Covid economy accelerated Ukrainians’ flight from cash in 2020, indicate figures from PrivatBank, Ukraine’s largest bank. Last year, Ukrainians’ transactions with PrivatBank terminals increased by...

Friday, December 18

Ukraine’s version of Mary Poppins – the ‘investment nannies’ – were voted into existence by the Rada yesterday Ukraine’s version of Mary Poppins – the ‘investment nannies’ – were voted into existence by the Rada yesterday as part of a wider package of incentives for foreign and domestic investors. The investme...

Signaling that Ukraine is open for business, the new law covers a wide range of sectors, Signaling that Ukraine is open for business, the new law covers a wide range of sectors, including: processing of food and minerals; waste management, transport, logistics, warehouses, package deliver...

With the government planning to recreate an agriculture ministry next month, With the government planning to recreate an agriculture ministry next month, the Rada approved yesterday Roman Leshchenko as the new minister of Agrarian Policy and Food. Most recently head of the Sta...

Leshchenko, aged 32, pledged to make the national farm land registry more transparent Leshchenko, aged 32, pledged to make the national farm land registry more transparent, brining millions of hectares ‘out of the shadows’ into the taxable economy. “Everyone knows that in the Chornobyl...

The Rada also appointed Serhiy Shkarlet as Minister of Education and Science The Rada also appointed Serhiy Shkarlet as Minister of Education and Science. The ruling party failed to muster enough votes appoint Yuriy Vitrenko, former executive director of Naftogaz, as Energy Mi...

Six months ago, it was called the Ministry of Energy and Coal Mining. Six months ago, it was called the Ministry of Energy and Coal Mining. But yesterday, Olha Buslavets, first deputy Ministry of Energy, briefed British officials that Ukraine “soon will join the Coalles...

DTEK rejects as “a politically motivated provocation” DTEK rejects as “a politically motivated provocation” a report by the National Anticorruption Bureau (NABU) that the power company sought have Buslavets installed last spring as Minister to derail an ...

Concorde Capital’s Concorde Capital’s Alexander Paraschiy writes: “It will be extremely hard to prove wrongdoing in the Rotterdam Plus approach implementation, and even harder to claim repayment for any damages from it&...

Today, the foreign ministers and defense ministers of Turkey and Ukraine meet in Kyiv for the first of what are to be regular ‘2+2’ meetings. Today, the foreign ministers and defense ministers of Turkey and Ukraine meet in Kyiv for the first of what are to be regular ‘2+2’ meetings. Today’s meeting comes as both Black Sea nations step a mil...

“Ukraine’s Leader Is Being Broken by the System He Vowed to Crush,” “Ukraine’s Leader Is Being Broken by the System He Vowed to Crush,” headlines a Bloomberg report from Kyiv. “Volodymyr Zelenskiy is flailing as hard-won reforms since the 2014 ouster of the country’s ...

Bloomberg offered hope that President-elect Biden will work to restore the free market reform momentum in Ukraine Bloomberg offered hope that President-elect Biden will work to restore the free market reform momentum in Ukraine. The article cites a recent Razumkov Center survey where 42% of respondents ranked Zel...

Today an agreement is to be signed allowing construction of Lviv’s Northern Bypass Today an agreement is to be signed allowing construction of Lviv’s Northern Bypass, says Oleksandr Kubrakov, head of Ukravtodor. Completing the missing link on Lviv’s ring road, the new highway will c...

Ukraine’s air passenger traffic should return next year to 50% the level of 2019, Ukraine’s air passenger traffic should return next year to 50% the level of 2019, Infrastructure Minister Vladyslav Krikliy predicted yesterday at a press conference in Kyiv. This year, he said, air p...

Following a strategy of modernizing five regional airports a year, the government has budgeted $85 million to renovate in 2021 the airports of Dnipro, Kherson, Rivne, Vinnytsia and Odesa Following a strategy of modernizing five regional airports a year, the government has budgeted $85 million to renovate in 2021 the airports of Dnipro, Kherson, Rivne, Vinnytsia and Odesa. Almost 60% o...

Friday, December 4

“Business without Barriers” is a movement promoted by First Lady Olena Zelenska “Business without Barriers” is a movement promoted by First Lady Olena Zelenska to reduce the physical and psychological barriers that prevent people with disabilities from participating in the work f...

DTEK says that almost 3,000 of its 70,000 employees have disabilities DTEK says that almost 3,000 of its 70,000 employees have disabilities, “We are actively introducing the best services for our clients so that our services are as accessible as possible,” says DTEK CEO...

After 12 years of discussion, the Rada yesterday passed a river development bill designed to triple cargo carried on the Dnipro to 30 million tons by 2025. After 12 years of discussion, the Rada yesterday passed a river development bill designed to triple cargo carried on the Dnipro to 30 million tons by 2025. Ships will pass free through river’s six loc...

A revitalised working river will generate an extra $500 million in economic activity A revitalised working river will generate an extra $500 million in economic activity, Infrastructure Minister Vladyslav Krikliy said on his Telegram account. He added that for each 1 million tons of c...

“All over the world, river transportation is the cheapest and most environmentally friendly way of delivering goods “All over the world, river transportation is the cheapest and most environmentally friendly way of delivering goods,” Artem Kovalev, Rada member and chief author of the law, wrote on Facebook. “...

Renewal of the Dnipro is expected to revive two Soviet era economic activities: shipbuilding and river cruise tourism. Renewal of the Dnipro is expected to revive two Soviet era economic activities: shipbuilding and river cruise tourism. Due to global warming, the Dnipro’s ice-free shipping season seems to be expandin...

Ukraine wants to start free trade talks next year with a host of countries, led by its largest trading partner, China, Ukraine wants to start free trade talks next year with a host of countries, led by its largest trading partner, China, Taras Kachka, Ukraine’s Trade Representative, told Evropeiska Pravda. “Currently,...

Ukraine would like to reopen and liberalise the UK-Ukraine agreement that was signed two months ago Ukraine would like to reopen and liberalise the UK-Ukraine agreement that was signed two months ago in London, a rushed deal designed to beat the December 31 Brexit deadline. Also on the list are coun...

Even without a UK-Ukraine trade pact renegotiation, Ukrainian food exporters are showing “great interest” in the expanded duty-free access to the British market Even without a UK-Ukraine trade pact renegotiation, Ukrainian food exporters are showing “great interest” in the expanded duty-free access to the British market, Foreign Minister Dmitry Kuleba told In...

Helped by cheaper energy import prices, Ukraine’s trade deficit in goods is running at half the level of last year Helped by cheaper energy import prices, Ukraine’s trade deficit in goods is running at half the level of last year, reported the State Customs Service. Through November, the trade deficit was $3.93 bi...

Dragon Capital has acquired Lviv Industrial Park located on a 23.5-hectare land plot on the M10 highway, 60 km east of the Polish border. Dragon Capital has acquired Lviv Industrial Park located on a 23.5-hectare land plot on the M10 highway, 60 km east of the Polish border. Five years ago, CTP, the largest developer and operator of war...

The ban on shopping during three weekends in November cost Ukrainian shopping malls about $250 million The ban on shopping during three weekends in November cost Ukrainian shopping malls about $250 million, the Ukrainian Council of Shopping Centers told Interfax-Ukraine. The 30-40% drop in weekend sale...

Monday, November 16

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...

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 ...