Ukrainenews

Monday, September 7

The number of new filings for unemployment aid have dropped steadily: from 149,000 in April to 68,000 in July The number of new filings for unemployment aid have dropped steadily: from 149,000 in April to 68,000 in July, reports the Ministry of Economic Development, Trade and Agriculture. Since the government...

Real wages were up 5% in July yoy Real wages were up 5% in July yoy, reports the State Statistics Service. The biggest growth sectors, in nominal terms, were: medicine and social services – +18% yoy; and IT and telecom – +...

ICU writes: “ ICU writes: “The recovery of wages confirms a quite rapid exit of the labor market from the coronavirus-induced recession. The rebound of workers’ income is also evidenced by the high growth rat...

After a record week of coronavirus infections, Prime Minister Shmygal vowed that there will be no repeat of last spring’s lockdown. After a record week of coronavirus infections, Prime Minister Shmygal vowed that there will be no repeat of last spring’s lockdown. “We understand, both the government and the state leadership, there ...

Tuesday, August 25

IKEA Ukraine plans to offer 5,000 items in its first physical store in Kyiv IKEA Ukraine plans to offer 5,000 items in its first physical store in Kyiv, says Florian Melle, Ukraine director of Ikea. He said: “A city-format store will open in Kyiv without a food department and...

Energy traders imported 345,000 megawatts of electricity in the first quarter of 2020 Energy traders imported 345,000 megawatts of electricity in the first quarter of 2020, reports NERC. The imported electricity was from Slovakia, Hungary, Romania and Belarus.

New car imports are down 36% y-o-y New car imports are down 36% y-o-y, reports Ukrinform citing Ukravtoprom. The average value of an imported new car is $19,300. Japanese vehicles are the most popular.

Passenger transport is down 56.2% y-o-y Passenger transport is down 56.2% y-o-y, reports the State Statistics Service. Rail was down 58.2%. Motor transport was down by 44.3%.

There have been no combat losses in the eastern regions for the past 29 days There have been no combat losses in the eastern regions for the past 29 days, Zelenskiy said during his Independence Day speech. “A year ago, I talked about how every morning starts with an SMS messag...

The IMF has yet to set a date for the review of the Standby Agreement, a review that was to be in September. The IMF has yet to set a date for the review of the Standby Agreement, a review that was to be in September. IMF Ukraine representative Goesta Ljungman tells Hromadske that while “discussions on the i...

Ukraine received in June a first $2.1 billion tranche Ukraine received in June a first $2.1 billion tranche of what is to be a $5 billion loan program.

Prime Minister Shmygal says he expects Ukraine will receive the second tranche by the end of this year Prime Minister Shmygal says he expects Ukraine will receive the second tranche by the end of this year. Some economic analysts say the IMF switched to observation mode after President Zelenskiy unexpe...

International reserves reached a new high this month at $28.8 billion International reserves reached a new high this month at $28.8 billion, according to the National Bank of Ukraine. Boosted by the IMF tranche, this is the highest level in eight years.

Mykolaiv’s shipbuilding industry is to be revived with a government program designed to create 25,000 new jobs Mykolaiv’s shipbuilding industry is to be revived with a government program designed to create 25,000 new jobs, President Zelenskiy and David Arakhamia, leader of the Servant of the People Rada, promi...

The government promises “a national program to support shipbuilding, cheaper credit resources,” The government promises “a national program to support shipbuilding, cheaper credit resources,” Arakhamia said. Later on Friday, Oleh Uruskyi, Minister for Strategic Industries visited the Okean shipy...

Business education for combat veterans and soft loans for veteran-owned startups are government priorities Business education for combat veterans and soft loans for veteran-owned startups are government priorities, President Zelenskiy said during an International Volunteer and Veterans Forum in Kyiv. “It&#...

With the minimum monthly wage set to rise to $182 (UAH 5,000) next Tuesday, Zelenskiy says the budget can “definitely support” the hike With the minimum monthly wage set to rise to $182 (UAH 5,000) next Tuesday, Zelenskiy says the budget can “definitely support” the hike. On July 1, the minimum wage is to increase by 30%, to UAH 6,500...

Grain sales were down 18% yoy in July, Grain sales were down 18% yoy in July, reports UNIAN citing the Ministry of Economic Development, Trade and Agriculture. Due to bad weather, much of the harvest is late.

Steelmaker ArcelorMittal has transferred 50 million tons of slag to the government for the national road construction program Steelmaker ArcelorMittal has transferred 50 million tons of slag to the government for the national road construction program, reports Interfax-Ukraine, citing the company. Earlier this year, Arcelor ...

Interpipe, Ukraine’s largest pipe and wheel producer, will redeem at par 97 million of its 2024 notes this week Interpipe, Ukraine’s largest pipe and wheel producer, will redeem at par 97 million of its 2024 notes this week, according to the company.

Monday, February 24

Ukraine should aim to triple IT workers, to 650,000, and nearly triple IT export revenue, to $13 billion a year Ukraine should aim to triple IT workers, to 650,000, and nearly triple IT export revenue, to $13 billion a year, Kira Rudik, a leader of the Rada’s Digital Transformation Committee, said in Zaporizhia...

With talks over the green tariffs adrift for the last six months With talks over the green tariffs adrift for the last six months, Prime Minister Alexei Goncharuk said Friday: “We anticipate serious problems for our energy sector to serve such high obligations̷...

Ukraine’s import price of gas may drop in half this summer – to $80 per 1,000 cubic meters Ukraine’s import price of gas may drop in half this summer – to $80 per 1,000 cubic meters – predicts Oleksiy Orzhel, Energy and Environmental Protection Minister. In January, Ukraine’s average price ...

The government plans to close most of Ukraine’s coal mines during this decade The government plans to close most of Ukraine’s coal mines during this decade, Minister Orzhel said Friday at a presentation of a revised draft Concept for a Green Energy Transition To 2050. The cutof...

Russian health officials took a Chinese woman with symptoms of a respiratory illness off a Kyiv-Moscow train in Bryansk Russian health officials took a Chinese woman with symptoms of a respiratory illness off a Kyiv-Moscow train in Bryansk, Russia. The woman was hospitalized in quarantine. She and five Ukrainian passen...

Thanks to Ukraine’s mild winter, highway workers fired up their bulldozers last week and started work on 34 projects in 14 regions Thanks to Ukraine’s mild winter, highway workers fired up their bulldozers last week and started work on 34 projects in 14 regions, reports the press service of Ukravtodor. “A record early start was c...

Turkish construction company Onur submitted a winning $488 million bid to complete the long unfinished bridge across the Dnipro at Zaporizhia Turkish construction company Onur submitted a winning $488 million bid to complete the long unfinished bridge across the Dnipro at Zaporizhia, Ukravtodor reports on Facebook. The ProZorro tender calle...

Turkish construction company Cengiz has signed a memorandum of cooperation to upgrade the M14 road between Mariupol and Nova Kakhkova to the level of an international highway Turkish construction company Cengiz has signed a memorandum of cooperation to upgrade the M14 road between Mariupol and Nova Kakhkova to the level of an international highway. Planner see upgrading th...

Russia has detained 2,249 ships since Kerch Strait naval clash of November 2018, Andriy Klimenko, editor in chief of the BlackSeaNews portal. Russia has detained 2,249 ships since Kerch Strait naval clash of November 2018, Andriy Klimenko, editor in chief of the BlackSeaNews portal. With each detention for ‘inspections’ lasting an average o...

Confounding stereotypes, the Kyiv metro area has 50% more ‘high quality retail space’ per capita than the Moscow metro area Confounding stereotypes, the Kyiv metro area has 50% more ‘high quality retail space’ per capita than the Moscow metro area, according to new statistics by UTG, the Ukraine real estate consultancy. Ky...

With Russia’s economy stagnant, the gap may grow With Russia’s economy stagnant, the gap may grow. Without counting 21 Kyiv region malls in ‘concept’ stage, Kyiv is to add 550,000 new square meters – a 30% increase from today’s levels — by the...

In Kyiv, 241,000 square meters of new retail space went on the market last year In Kyiv, 241,000 square meters of new retail space went on the market last year. This is 50% more than the 159,000 square meters of gross leasable area that went on the market in 2018. With the new su...

Ukraine’s retail sales are expected to grow by 10% this year, matching last’s growth Ukraine’s retail sales are expected to grow by 10% this year, matching last’s growth. Growing three times as fast as GDP growth, retail is fueled by $1 billion a month in remittances from workers outs...

Supermarket chain Novus plans to open 10 new stores in Kyiv Supermarket chain Novus plans to open 10 new stores in Kyiv by the end of 2021, Ihor Landa, CEO of BT Invest Ukraine, the company that runs Novus, tells Interfax-Ukraine. He says the chain plans to ex...

For the first time, Ukrainian regional real estate projects will have their own stand at MIPIM For the first time, Ukrainian regional real estate projects will have their own stand at MIPIM, the leading European investment exhibition for the international real estate market. On show will be Iva...