ukaine

Wednesday, December 23

After investing about $1 billion in Ukraine wind and solar projects in the last three years, DTEK now redirects its renewables investments to the EU. “ After investing about $1 billion in Ukraine wind and solar projects in the last three years, DTEK now redirects its renewables investments to the EU. “Today our investments in European countries are i...

Offering government bonds of 10 different tenors and two different currencies, the Finance Ministry raised the equivalent of $782 million yesterday Offering government bonds of 10 different tenors and two different currencies, the Finance Ministry raised the equivalent of $782 million yesterday at its weekly bond auction, the Ministry reports on ...

As foreign investors re-enter the government bond market, the hryvnia strengthens As foreign investors re-enter the government bond market, the hryvnia strengthens, write analysts from Alpari, Dragon and ICU. The dollar now buys 28 hryvnia, a rate little changed in nine months. ICU...

Datagroup, Ukraine’s leading fiber infrastructure and digital services provider, has agreed to buy 100% of Volia, Ukraine’s leading cable broadband service provider. Fully backed by Horizon Capital’s EEGF II fund, sole financial investor in Datagroup, the deal “is Datagroup, Ukraine’s leading fiber infrastructure and digital services provider, has agreed to buy 100% of Volia, Ukraine’s leading cable broadband service provider. Fully backed by Horizon Capital’s ...

Creating synergies, Volia generates 95% of its revenues from consumers, and Datagroup generates 85% of its revenues from businesses Creating synergies, Volia generates 95% of its revenues from consumers, and Datagroup generates 85% of its revenues from businesses. Datagroup’s Shelemba says the company is “a reliable partner for ov...

Canada’s Black Iron mining company has signed a preliminary agreement with an American institutional investor to raise US $100 million Canada’s Black Iron mining company has signed a preliminary agreement with an American institutional investor to raise US $100 million to create new iron ore production in Kryvyi Rih, Dnipropetrovsk r...

Stalled in the planning stages for a decade, Black Iron gained a new life this year due to three factors: Stalled in the planning stages for a decade, Black Iron gained a new life this year due to three factors: jumping iron prices, China’s drive to diversify raw material imports away from Australia, and ...

Dragon Capital has won approval to buy Kyiv’s Unex Bank from Vadym Novynskyi Dragon Capital has won approval to buy Kyiv’s Unex Bank from Vadym Novynskyi, reports Ukraine’s Antimonopoly Committee. Neither Dragon nor Novynskyi’s Smart Holding confirmed a sale to Interfax-Ukrain...

AxDraft, a fast-growing Kyiv startup that automates the preparation of legal documents, has been acquired by Onit, a Houston-based legal technology company. AxDraft, a fast-growing Kyiv startup that automates the preparation of legal documents, has been acquired by Onit, a Houston-based legal technology company. Founded only three years ago, AxDraft has w...

New Jersey’s Holtec International has completed the first $70 million stage of a 20-year, $1.3 billion project to build a nuclear spent fuel storage repository near Chornobyl. The site will take waste from three of Ukraine’s four nuclear power plants New Jersey’s Holtec International has completed the first $70 million stage of a 20-year, $1.3 billion project to build a nuclear spent fuel storage repository near Chornobyl. The site will take waste...

Stainless steel nuclear waste canisters, each weighing almost 200 tons, will arrive by rail at the repository site in Yaniv, Kyiv Oblast. Stainless steel nuclear waste canisters, each weighing almost 200 tons, will arrive by rail at the repository site in Yaniv, Kyiv Oblast. Over the next six months, Ukrzaliznytsia crews are to reopen 4...

Holtec will supply the first 94 containers — a $300 million contract Holtec will supply the first 94 containers — a $300 million contract. Simultaneously, Ukraine is to use Holtec technology to start making its own canisters, for domestic use and export. Yesterda...

Tuesday, December 22

Today, there is only one flight from Kyiv to Britain Today, there is only one flight from Kyiv to Britain: a Wizz Air flight from Sikorsky Airport to London Luton. Last week, UIA inaugurated flights between Boryspil and London Heathrow. At that time, UI...

With passenger flights unreliable, logistics company Meest China has started weekly cargo flights between Hong Kong and Boryspil With passenger flights unreliable, logistics company Meest China has started weekly cargo flights between Hong Kong and Boryspil. “Regular flights are canceled, delivery times are difficult to predict...

EU job offerings for Ukrainians have grown by 40% since coronavirus travel controls started to lift in June EU job offerings for Ukrainians have grown by 40% since coronavirus travel controls started to lift in June, reports Jooble, the Kyiv-based job search engine that aggregates international job postings...

Starting last Thursday, Wizz Air resumed flights from Kharkiv to all its German and Polish destinations. Starting last Thursday, Wizz Air resumed flights from Kharkiv to all its German and Polish destinations. Ukrainian tourists are not allowed to travel to Poland and Germany. With the exception of Ukrai...

A 150 km ring road around Kyiv and a 1.7 km suspension bridge over the Dnipro at Kremenchuk A 150 km ring road around Kyiv and a 1.7 km suspension bridge over the Dnipro at Kremenchuk are to stem from Cabinet of Ministers’ recent approval of an infrastructure agreement with China. “With this...

Aiming to cut road deaths by 30% by 2024, Aiming to cut road deaths by 30% by 2024, the government has approved spending $85 million in 2021 on the first year of an international highway safety program. The money will be spent on 400 illumina...

Ridership of the Kyiv Metro is down 40% yoy, to 250 million this year, Ridership of the Kyiv Metro is down 40% yoy, to 250 million this year, Kyiv Mayor Vitaliy Klitschko told reporters yesterday. Referring to the 2-month lockdown last spring, he said: “For the first tim...

The The government last night appointed Yuriy Vitrenko, the former Naftogaz executive, as acting Energy Minister and First Deputy Minister of Energy. Vitrenko replaces Olha Buslavets, who ran the Energy M...

More litigation with Russia and more openness to Western investment may emerge under Vitrenko. More litigation with Russia and more openness to Western investment may emerge under Vitrenko. Interspersed with stints at Naftogaz, Vitrenko worked for Pricewaterhouse Coopers in Kyiv, Merrill Lynch ...

Yulia Kovaliv, a familiar face to foreign investors, Yulia Kovaliv, a familiar face to foreign investors, resigned yesterday as deputy chief of staff to President Zelenskiy. Kovaliv also headed the Office of the National Investment Council, an organizat...

The government also appointed Vadym Melnyk as head of the State Fiscal Service The government also appointed Vadym Melnyk as head of the State Fiscal Service. The previous fulltime head of the service, Serhiy Verlanov, was dismissed last April.

The Kyiv Economic Court accepted last week a lawsuit alleging that Roman Leshchenko The Kyiv Economic Court accepted last week a lawsuit alleging that Roman Leshchenko, Ukraine’s newly appointed Agriculture Minister, embezzled $430,000 from a Ukrainian farming company owned by Kurt J...

While the US government labors to determine damage done by cyber infiltrators, Ukraine’s government faces almost daily hacker attacks on its government resources and is strengthening its cyber security, While the US government labors to determine damage done by cyber infiltrators, Ukraine’s government faces almost daily hacker attacks on its government resources and is strengthening its cyber securit...

With Ukraine recording its first infection with new highly contagious coronavirus strain, the government decided last night not to suspend flights between Ukraine and Britain With Ukraine recording its first infection with new highly contagious coronavirus strain, the government decided last night not to suspend flights between Ukraine and Britain. First identified in Brit...

While France, Germany, Turkey and Poland stop flights from Britain While France, Germany, Turkey and Poland stop flights from Britain, Ukraine’s Cabinet of Ministers decided not to suspend air traffic with the UK, Infrastructure Minister Vladyslav Krykliy wrote on hi...

Monday, December 21

Americans bought half of Ukraine’s $600 million Eurobond placement that settled Friday Americans bought half of Ukraine’s $600 million Eurobond placement that settled Friday, reported the Finance Ministry. The breakdown was: US –52%; UK – 37%; and EU – 10%. The breakdown of institutions...

Foreign holdings of Ukrainian government hryvnia bonds increased by 6.8% last week Foreign holdings of Ukrainian government hryvnia bonds increased by 6.8% last week as foreigners joined the government record auction of $1.8 billion in equivalent of bonds on December 15. After nine ...

To keep the hryvnia from gaining value, the Central Bank bought $300 million last week To keep the hryvnia from gaining value, the Central Bank bought $300 million last week, the largest one-week purchase since June. With travel abroad difficult during the upcoming holiday season, deman...

Elena Bilan, Dragon Capital’s Chief Economist noted that the export price for Ukrainian steel has risen by 150% this year Elena Bilan, Dragon Capital’s Chief Economist noted that the export price for Ukrainian steel has risen by 150% this year, to almost $700/ton. She wrote: “Favorable prices for export goods and foreign...

Ukraine is selling less food, but making more money, calculates Alfa-Bank Ukraine. Ukraine is selling less food, but making more money, calculates Alfa-Bank Ukraine. “Decreased crops have been more than compensated by elevated prices for key commodities,” Oleskiy Blinov, Alfa’s head...

President Zelenskiy President Zelenskiy promises The New York Times to “reformat” the Constitutional Court as part of “global judicial reform in Ukraine, which we will start implementing next year.” In a video link inter...

Sales of electronics and home appliances during last month’s ‘Black Friday’ and ‘Cyber Monday’ were up 28% yoy to $235 million Sales of electronics and home appliances during last month’s ‘Black Friday’ and ‘Cyber Monday’ were up 28% yoy to $235 million, reports the Ukraine unit of GfK, Germany largest market research institu...

Ending a 9-month suspension, Qatar Airways resumed flights Friday between Doha and Kyiv Boryspil Ending a 9-month suspension, Qatar Airways resumed flights Friday between Doha and Kyiv Boryspil. Flights will be four times a week on Airbus A320 jets. From Doha, Qatar flies to 100 destinations, sai...

European development banks are providing €900 million to rebuild the southern half of the Kyiv-Odesa highway and a 24 km northern bypass around Lviv, European development banks are providing €900 million to rebuild the southern half of the Kyiv-Odesa highway and a 24 km northern bypass around Lviv, reported the Infrastructure Ministry. “This projec...

Work is to start next year on the projects Work is to start next year on the projects which are both sections of the Trans-European Transport Network, or TEN-T. Of the money, two thirds goes to rebuilding 275 km of the Kyiv-Odesa highway, and ...

Ukraine plans to build by 2022 a EU-standard highway on the 72 km section of the M-10 between Lviv and the closest crossing with Poland, at Krakovets, Ukraine plans to build by 2022 a EU-standard highway on the 72 km section of the M-10 between Lviv and the closest crossing with Poland, at Krakovets, Ukravtodor’s Kubrakov tells Interfax-Ukraine. Thi...

Weekly container trains are to start rolling next year between the Baltic and the Black Seas, Weekly container trains are to start rolling next year between the Baltic and the Black Seas, Lukasz Greinke, President of Gdansk Port, tells The Maritime Executive, a Florida-based news site. Gdansk ...

Germany will spend €255 million to help Ukraine improve energy efficiency in schools, rebuild roads, and modernize its vocational education system Germany will spend €255 million to help Ukraine improve energy efficiency in schools, rebuild roads, and modernize its vocational education system, the Finance Ministry announces. The money will be a ...

Today, the IMF starts video link talks with Ukraine Today, the IMF starts video link talks with Ukraine, reviewing the $5 billion Stand-by Arrangement signed last June. Only one tranche of the 18-month deal has been delivered, also last June. Holding u...