ukraine

Monday, May 23

Ukraine’s foreign debt should be restructured.

Ukraine’s foreign debt should be restructured. Former Chairwoman of the National Bank of Ukraine Valeriia Hontareva believes that Ukraine’s external debt should be restructured by postponing payments for five to ten years, reported NV.ua. “...

Wednesday, May 4

Ukraine will have a shortage of grain storage tanks this season.

Ukraine will have a shortage of grain storage tanks this season. Current carry-over stocks of grains and oilseeds may amount to 25.1 million tons in Ukraine for 2021/22 MY, up 4.2 times from the previous season. This will not allow the freeing of a significant amou...

Tuesday, May 3

Ukraine’s government is working on a new economic recovery plan.

Ukraine’s government is working on a new economic recovery plan. The Ukrainian Parliament Committee on Economic Development supports Ukraine’s economic recovery plan. Here are the nine main principles of the plan: Full access to the EU and G7 markets. This wi...

Friday, April 22

Ukraine seeks to transfer gas supplies from Nord Stream 1 to its pipeline.

Ukraine seeks to transfer gas supplies from Nord Stream 1 to its pipeline. Ukraine seeks to transfer gas supplies from Nord Stream 1 to its pipeline.

Monday, April 18

The IMF has downgraded the global economy’s outlook due to Russia’s war against Ukraine.

The IMF has downgraded the global economy’s outlook due to Russia’s war against Ukraine. IMF Managing Director Kristalina Georgieva said that global economic growth in 2022-2023 will decline even more than previously forecast, covering 143 countries worldwide. “In January, we lower...

Ukraine seeks $50B to cover the budget deficit.

Ukraine seeks $50B to cover the budget deficit. Ukraine has asked the G7 nations for $50B in financial support and is also considering issuing 0% coupon bonds to help it cover a war-linked budget deficit over the next six months, the president̵...

The Stand Up for Ukraine campaign has raised €10.1B.

The Stand Up for Ukraine campaign has raised €10.1B. A campaign supporting Ukrainian refugees called Stand Up for Ukraine has raised €10.1B to date. This was announced in Warsaw by the President of the European Commission, Ursula von der Leyen. “T...

Thursday, April 14

Ukraine has executed cyber-attacks on Russia since the beginning of the war.

Ukraine has executed cyber-attacks on Russia since the beginning of the war. On February 24, Ukraine changed its strategy and began not only to defend itself against Russian cyber-attacks but also to carry out cyber-attacks on Russian Federation resources, said Minister of Di...

Tuesday, April 12

Ukraine’s economy might shrink by almost half due to the war.

Ukraine’s economy might shrink by almost half due to the war. The conflict in Ukraine has shut half of the country’s businesses and slashed exports, says a World Bank report. Ukraine is one of the world’s biggest exporters of grain and sunflower oil,...

Thursday, April 7

Ukraine’s gold and foreign exchange reserves grew by 2% in March.

Ukraine’s gold and foreign exchange reserves grew by 2% in March. As of April 1, 2022, according to preliminary data, Ukraine’s international reserves amounted to $28.1B, which is 2% more than a month earlier, reported the NBU. It is noted that the reserves i...

Wednesday, April 6

Members of the US Congress ask Biden to send more weapons to Ukraine.

Members of the US Congress ask Biden to send more weapons to Ukraine. Three dozen lawmakers from a bipartisan group are pushing the Biden administration to provide more weapons to Ukraine’s military amid continued demands from Ukrainian President Volodymyr Zelenskyy to...

NATO countries will continue to provide weapons to Ukraine in response to Russia’s desire to take Donbas and the Southern regions.

NATO countries will continue to provide weapons to Ukraine in response to Russia’s desire to take Donbas and the Southern regions. NATO expects an intensified Russian offensive in eastern and southern Ukraine and declares its readiness to continue its armed support for Kyiv, announced NATO Secretary-General Jens Stoltenberg. ...

Tuesday, April 5

Ukraine maintains the balance of the country’s fuel supply.

Ukraine maintains the balance of the country’s fuel supply. Despite hostile shelling of oil depots, the government has managed to maintain a stable fuel supply, said the Prime Minister of Ukraine Denis Shmyhal. Two weeks ago, to support the oil products mark...

Monday, April 4

The European Parliament will support Ukraine’s EU membership candidate status.

The European Parliament will support Ukraine’s EU membership candidate status. The President of the European Parliament, Roberta Metsola, during her visit to Kyiv, stated that Ukraine could count on the support of the European Parliament in gaining the status of a candidate cou...

The European Union can fully liberalize freight transit with Ukraine.

The European Union can fully liberalize freight transit with Ukraine. Ukraine may be one of the first countries with which the European Union will conclude a Special Transport Agreement, which provides full liberalization of freight transit, said Deputy Minister of Infr...

Friday, April 1

Russia has greatly underestimated the situation in Ukraine.

Russia has greatly underestimated the situation in Ukraine. Jeremy Fleming, head of the British Intelligence Service (GCHQ), says Russia has greatly underestimated the situation in Ukraine, reported Reuters. According to him, Putin’s advisers are not tel...

NATO is ready to provide weapons to Ukraine, “As much as needed.”

NATO is ready to provide weapons to Ukraine, “As much as needed.” The North Atlantic Alliance will help Ukraine with weapons “as much as necessary,” given the importance of this war for the democratic world, said NATO Secretary-General Jens Stoltenberg....

Ukraine’s economy will shrink by a fifth this year.

Ukraine’s economy will shrink by a fifth this year. According to the European Bank for Reconstruction and Development, Ukraine’s economy will shrink by a fifth this year and then recover in 2023 if everything goes according to the scenario of a c...

Thursday, March 31

Ukraine’s Eurobonds rose by 14.5% after the Istanbul talks.

Ukraine’s Eurobonds rose by 14.5% after the Istanbul talks. Ukraine’s Eurobonds rose by an average of 14.4% on Tuesday following the news of the negotiations between Kyiv and Moscow in Istanbul. Securities maturing in 2022-2024 rose in price by 10.6-12....

Wednesday, March 16

The EU has approved the fourth package of sanctions for Russia.

The EU has approved the fourth package of sanctions for Russia. With its decision, the EU Council established a ban on any transactions with certain state-owned enterprises of the Russian Federation, to prohibit the provision of any credit rating services and clos...

The occupants have disrupted the work in humanitarian corridors.

The occupants have disrupted the work in humanitarian corridors. On Tuesday, the Russian occupiers failed to fulfill their commitments and did not stop shelling in the Kyiv region, thus disrupting the work in the region’s humanitarian corridors, said President Volo...

Tuesday, March 1

The IMF gives assurance that they will support Ukraine in all possible ways.

The IMF gives assurance that they will support Ukraine in all possible ways. “The International Monetary Fund has assured Ukraine of its support and continues to work closely with the government to help our country in all possible ways,” said the Ukraine Ministry of Finance. ...

Sunday, February 27

Ukrainians, Russians in Australia unite against Putin’s war

Ukrainians, Russians in Australia unite against Putin’s war A Russian man burns his passport during a protest in Sydney [Steven Saphore/AFP] Ukrainian and Russian communities in Australia have come together in outcry since Russia launched an invasion of Ukrain...

Tuesday, February 22

Ukraine is losing $3B a month due to the Russian crisis.

Ukraine is losing $3B a month due to the Russian crisis. Due to the threat of escalation from Russia, Ukraine is losing between $2B to 3B a month resulting from the cessation of investment and additional inflation, reported rbc.ua. “We see irreversib...

Monday, September 20

President’s office estimates Ukraine’s GDP at 3.8 in 2021. Deputy Head of the President’s Office Yulia Svyrydenko says: “We expect that a full-fledged economic recovery will take place during this and subsequent years. This year we forecast the gr...

Friday, March 26

Swept up by the EU’s COVID-19 upsurge, half of Ukraine’s population presently reside in the ‘red zone’ quarantine areas, Ukraine’s Health Ministry has reportsed. In this strictest form of quarantine are: Kyiv City and 10 regions — Cherkasy, Chernivtsi, Ivano-Frankivsk, Kyiv, Lviv, Mykolaiv, Odesa, Sumy, Zhytomyr a...

Monday, March 1

US investments in Ukraine are expected by the end of this year in a series of areas,

US investments in Ukraine are expected by the end of this year in a series of areas, US investments in Ukraine are expected by the end of this year in a series of areas, Oksana Markarova, said in a lengthy interview with Ukrinform made prior to her traveling to Washington to take up h...

A five-year veteran of Ukraine’s Finance Ministry, Markarova dampened hopes that her main job is to get Ukraine’s IMF program back on track

A five-year veteran of Ukraine’s Finance Ministry, Markarova dampened hopes that her main job is to get Ukraine’s IMF program back on track A five-year veteran of Ukraine’s Finance Ministry, Markarova dampened hopes that her main job is to get Ukraine’s IMF program back on track. She said: “Most of the central bodies of financial organiza...

Ukraine will receive only one IMF tranche this year,

Ukraine will receive only one IMF tranche this year, Ukraine will receive only one IMF tranche this year, predicts Fitch Ratings. Predicting that Ukraine will get less than one quarter of the $2.9 available under the June 2020 Standby Arrangement, the N...

Financial needs in the second half of this year will pressure the government to adopt the anti-corruption and free market reforms demanded by the IMF,

Financial needs in the second half of this year will pressure the government to adopt the anti-corruption and free market reforms demanded by the IMF, Financial needs in the second half of this year will pressure the government to adopt the anti-corruption and free market reforms demanded by the IMF, Fitch predicted. Foreign debt repayments spike in...

As Ukrainians gain confidence in money transfer systems, the amount of money transferred inside the country grew by 24% yoy in 2020

As Ukrainians gain confidence in money transfer systems, the amount of money transferred inside the country grew by 24% yoy in 2020 As Ukrainians gain confidence in money transfer systems, the amount of money transferred inside the country grew by 24% yoy in 2020, to the equivalent of $9.5 billion, reports the National Bank of Ukr...

The amount of money sent into Ukraine through money transfer systems increased by 19% yoy, to $2.7 billion.

The amount of money sent into Ukraine through money transfer systems increased by 19% yoy, to $2.7 billion. The amount of money sent into Ukraine through money transfer systems increased by 19% yoy, to $2.7 billion. The average amount of one transfer increased by 7%, to $393. The top sources of money coming...

More movies, better food, and chatbots oriented toward business customers are in the works for Ukrzaliznytsia this year,

More movies, better food, and chatbots oriented toward business customers are in the works for Ukrzaliznytsia this year, More movies, better food, and chatbots oriented toward business customers are in the works for Ukrzaliznytsia this year, Alexander Pertsovsky, director of the state railroad’s ‘Passenger Company,’ tol...

A Viber and Telegram chatbot for buying tickets

A Viber and Telegram chatbot for buying tickets A Viber and Telegram chatbot for buying tickets that UZ launched in January with Visa and Middleware Inc. is to be expanded to handle group sales and “the B2B segment,” said Pertsovsky. UZ is working ...

UZ will buy 100 new passenger sleeper cars for an expected price of $109 million

UZ will buy 100 new passenger sleeper cars for an expected price of $109 million UZ will buy 100 new passenger sleeper cars for an expected price of $109 million, according a tender posted last week on Prozorro, the online procurement platform. The tender closes March 30 and the c...

To boost Black Sea tourism, almost 500 km of bicycle paths are to be built in Odesa and neighboring Mykolaiv regions

To boost Black Sea tourism, almost 500 km of bicycle paths are to be built in Odesa and neighboring Mykolaiv regions To boost Black Sea tourism, almost 500 km of bicycle paths are to be built in Odesa and neighboring Mykolaiv regions. In Odesa, two paths totaling 420 km will run on two routes south of the city, Ukra...

Georgia reopens to foreign tourists today

Georgia reopens to foreign tourists today Georgia reopens to foreign tourists today, after almost one year of quarantine. To enter Georgia, Ukrainians need to do two PCR tests – one within 72 hours of takeoff and a second 72 hours after arriv...

Rivals Wizz Air and Ryanair are gambling that Italy will open up for Ukrainian tourism at the end of this month.

Rivals Wizz Air and Ryanair are gambling that Italy will open up for Ukrainian tourism at the end of this month. Rivals Wizz Air and Ryanair are gambling that Italy will open up for Ukrainian tourism at the end of this month. Starting March 28, Ryanair starts service from Lviv to Bari, Naples, Palermo, Pisa, Tre...

Bees Airline, a new Ukrainian lowcost startup, plans to start flying this month from Kyiv Sikorsky to Egypt’s Red Sea resort of Marsa Alam and in April to Mombasa, Kenya.

Bees Airline, a new Ukrainian lowcost startup, plans to start flying this month from Kyiv Sikorsky to Egypt’s Red Sea resort of Marsa Alam and in April to Mombasa, Kenya. Bees Airline, a new Ukrainian lowcost startup, plans to start flying this month from Kyiv Sikorsky to Egypt’s Red Sea resort of Marsa Alam and in April to Mombasa, Kenya. The airline has leased two Bo...

Bell Textron’s ‘Huey’ helicopters, the US military’s workhorse in the Vietnam War, will be assembled in coming months at Ukroboronprom’s

Bell Textron’s ‘Huey’ helicopters, the US military’s workhorse in the Vietnam War, will be assembled in coming months at Ukroboronprom’s Bell Textron’s ‘Huey’ helicopters, the US military’s workhorse in the Vietnam War, will be assembled in coming months at Ukroboronprom’s Odesa Aviation Plant under license from the Fort Worth, Texas c...

Friday, February 26

Capital investment in Ukraine’s economy fell 28% yoy last year, to $15 billion

Capital investment in Ukraine’s economy fell 28% yoy last year, to $15 billion Capital investment in Ukraine’s economy fell 28% yoy last year, to $15 billion, reports the State Statistics Service. Investment in industry and agriculture fell by 34%; in construction by 36%; in ret...

Two thirds of capital investments came from company funds

Two thirds of capital investments came from company funds Two thirds of capital investments came from company funds. State budget funds accounted for 9%. Foreign investors accounted for only 0.4%. The drop in 2020 came after an 11% increase in 2019. During 2...

Directing infrastructure investments into Luhansk, Ukraine’s easternmost region

Directing infrastructure investments into Luhansk, Ukraine’s easternmost region Directing infrastructure investments into Luhansk, Ukraine’s easternmost region, Ukravtodor plans to pave three key road sections this year, totaling 176 km. By comparison, from 2014 to 2019, a total ...

As medical teams started vaccinating yesterday in all 24 regions, the Health Ministry reported a 40% spike in the daily toll of detected cases – 8,147.

As medical teams started vaccinating yesterday in all 24 regions, the Health Ministry reported a 40% spike in the daily toll of detected cases – 8,147. As medical teams started vaccinating yesterday in all 24 regions, the Health Ministry reported a 40% spike in the daily toll of detected cases – 8,147. By March 31, Ukraine is to receive 2 million dos...

President Zelenskiy has appointed former finance minister Oksana Markarova as ambassador to the United States.

President Zelenskiy has appointed former finance minister Oksana Markarova as ambassador to the United States. President Zelenskiy has appointed former finance minister Oksana Markarova as ambassador to the United States. The president’s office said Thursday: “Oksana Markarova will set an example in the develo...

Ukroboronprom and Pakistan have signed

Ukroboronprom and Pakistan have signed Ukroboronprom and Pakistan have signed an $85.6 million contract for the repair of the main battle tanks that Ukraine sold to Pakistan between 1997 and 2002. The Soviet-design T-80UD tanks were manufa...

The maintenance contract with Pakistan was signed at IDEX-2021,

The maintenance contract with Pakistan was signed at IDEX-2021, The maintenance contract with Pakistan was signed at IDEX-2021, the week-long international arms exhibition that ended yesterday in Abu Dhabi. “The Ukrainian delegation reached a number of preliminary...

Ukraine accuses Russian hackers of trying to disseminate malicious documents through a web-based system on which government documents are circulated.

Ukraine accuses Russian hackers of trying to disseminate malicious documents through a web-based system on which government documents are circulated. Ukraine accuses Russian hackers of trying to disseminate malicious documents through a web-based system on which government documents are circulated. The aim was to contaminate information resources o...

At least 1,000 highly skilled engineers would have been required to develop the code that hijacked widely used network software from US-based SolarWinds to deploy malware around the world,

At least 1,000 highly skilled engineers would have been required to develop the code that hijacked widely used network software from US-based SolarWinds to deploy malware around the world, Microsoft President Brad Smith told the Senate Intelligence Committee in Washington Tuesday. Smith said: “We’ve seen substantial evidence that points to the Russian foreign intelligence agency, and we...

Ukrainians spend $4.2 billion on imports of new and used vehicles last year

Ukrainians spend $4.2 billion on imports of new and used vehicles last year Ukrainians spend $4.2 billion on imports of new and used vehicles last year, reports Ukravtoprom, the car industry association. Car imports were down by 11%, to 486,300, or $3.5 billion. Almost 100,00...

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