ukraine

Wednesday, December 9

World prices are boosting Ukraine’s earnings from the export of food, the nation’s biggest foreign currency earner. World prices are boosting Ukraine’s earnings from the export of food, the nation’s biggest foreign currency earner. World food prices rose in October and November, hitting their highest levels in six ...

Capital investment in farming dropped by 43% during the first three quarters, to just below $1 billion Capital investment in farming dropped by 43% during the first three quarters, to just below $1 billion, reported the Institute of Agrarian Economics. Citing State Statistics Data, the Institute notes ...

The Finance Ministry raised all its hryvnia bond yields above 10% yesterday and succeeded in selling six times more paper than one week earlier. The Finance Ministry raised all its hryvnia bond yields above 10% yesterday and succeeded in selling six times more paper than one week earlier. At yesterday’s auction, hryvnia bond yields went up by ...

Of the $560 million raised, about one third was from the sale of 1-year dollar bonds, which carried an average weighted yield of 3.79%. Of the $560 million raised, about one third was from the sale of 1-year dollar bonds, which carried an average weighted yield of 3.79%. By contrast, 1-year hryvnia bonds carried a yield of 11.22% With...

ICU wrote of last week’s auction ICU wrote of last week’s auction: “Foreigners are monitoring the market and watching the trend in rate increases, waiting for the optimal time to make new investments. That could be when the increase ...

The Central Bank is expected to keep Ukraine’s prime rate at the historically low level of 6% The Central Bank is expected to keep Ukraine’s prime rate at the historically low level of 6% at Thursday’s policy meeting. In a Reuters poll of 15 analysts, 14 predicted that the National Bank of Ukr...

Betting on the growth of e-commerce, Ukrposhta plans to start building a 600,000 square meters of mail and package sorting centers next year. Betting on the growth of e-commerce, Ukrposhta plans to start building a 600,000 square meters of mail and package sorting centers next year. Largely funded with EBRD and European Investment Bank loan...

Foreign tourists visiting Kyiv this year fell to 300,000 — 15% of the 2 million who visited last year. Foreign tourists visiting Kyiv this year fell to 300,000 — 15% of the 2 million who visited last year. With national tourists not filling the gap, Kyiv’s tourism industry — hotel, restaurants, nightcl...

Friday, December 4

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...

“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...

Thursday, December 3

Ukrainians can look forward to a normal shopping this weekend and, probably through Friday December 25, Catholic Christmas. Ukrainians can look forward to a normal shopping this weekend and, probably through Friday December 25, Catholic Christmas. Prime Minister Shmygal said November’s weekend shopping bans had cut the spr...

Yesterday morning, 13,141 new cases were announced, down from a daily average of 16,500 late last week. Yesterday morning, 13,141 new cases were announced, down from a daily average of 16,500 late last week. However, in Kyiv Mayor Klitschko said yesterday that a record 1,735 new coronavirus cases had be...

With a big budget funding gap looming, Ukraine may tap the international Eurobond market for up $1 billion in short term financing With a big budget funding gap looming, Ukraine may tap the international Eurobond market for up $1 billion in short term financing, Prime Minister Shmygal told the Korrespondent news site. He asserts ...

Timothy Ash writes from London Timothy Ash writes from London: “Surprised it took them so long given the strength of global beta which has seen Ukraine’s borrowing costs in the Eurobond market crash 200bps lower over the past month...

Through October, Ukraine has attracted $221 million in new direct foreign investment — 5% of the $4.5 billion attracted during the first 10 months of last year Through October, Ukraine has attracted $221 million in new direct foreign investment — 5% of the $4.5 billion attracted during the first 10 months of last year, the National Bank of Ukraine reported y...

Corporate raiding — stealing companies through forgeries or force — is up slightly this year compared to last year Corporate raiding — stealing companies through forgeries or force — is up slightly this year compared to last year, reports Ukrinform, citing data from Opendatabot, an online registry. Through October...

Ukrzaliznytsia plans to spend almost $1 billion next year on repairing locomotives, cars, and track — almost three times the money spent this year. Ukrzaliznytsia plans to spend almost $1 billion next year on repairing locomotives, cars, and track — almost three times the money spent this year. As posted on the state railroad’s site, financing wo...

Despite the corona recession, cargo handled by Ukraine’s seaports is up by 1% yoy. Despite the corona recession, cargo handled by Ukraine’s seaports is up by 1% yoy. Through November, the ports handled 146 million tons. Confirming Ukraine’s reliance on exports of raw materials, grai...

Kyiv’s autumn (September-November) was the warmest since local record keeping started in 1881 Kyiv’s autumn (September-November) was the warmest since local record keeping started in 1881, reports Ukrinform. “The calendar autumn is over but the meteorological winter has not come yet,” reports ...

Thursday, November 12

Central bank governor Kyrylo Shevchenko is in Washington this week, trying to revive the stalled IMF deal. Against that background, Concorde Capital’s Central bank governor Kyrylo Shevchenko is in Washington this week, trying to revive the stalled IMF deal. Against that background, Concorde Capital’s Evgeniya Akhtyrko writes: “A significant increase...

Starting at midnight tomorrow night, Ukraine embarks on the first of three ‘weekend lockdowns’ – partial shutdowns where restaurants, shopping centers and fitness centers will be closed through Sunday nights. Starting at midnight tomorrow night, Ukraine embarks on the first of three ‘weekend lockdowns’ – partial shutdowns where restaurants, shopping centers and fitness centers will be closed through Sunday...

With 10 of Ukraine’s 24 regions reporting 70% or higher occupancy rates in their Covid wards With 10 of Ukraine’s 24 regions reporting 70% or higher occupancy rates in their Covid wards, Prime Minister Shmyhal warned yesterday at a televised government meeting: “Given the current situation, b...

Although the Health Ministry is increasing Ukraine’s Covid hospital beds by 50%, to 80,000, Although the Health Ministry is increasing Ukraine’s Covid hospital beds by 50%, to 80,000, the Prime Minister warned last week: “We have arrived at the point of no return and are close to catastrophe...

Denmark has donated 50 ventilators to Ukraine Denmark has donated 50 ventilators to Ukraine, the Foreign Ministry reported Tuesday. DTEK and the Rinat Akhmetov Foundation have donated 62 ventilators since the start of the pandemic.

Health Minister Maksym Stepanov said yesterday: “We would like to do a complete lockdown for three weeks, but our economy won’t survive.” Health Minister Maksym Stepanov said yesterday: “We would like to do a complete lockdown for three weeks, but our economy won’t survive.” To ease economic pain, Prime Minister Shmyhal promised to give...

“Our main message is: ‘Let people work,’ “Our main message is: ‘Let people work,’” Olena Obukhovska, spokesman for the Arricano shopping mall group, told Interfax-Ukraine. Drawing 300 people, the protest was supported by the Ukrainian Restau...

Andriy Piontkovksy, founder of the Cherry Berry chain of candies and natural drinks shops, wrote on Facebook that half of his turnover takes place in shopping centers on weekends. Andriy Piontkovksy, founder of the Cherry Berry chain of candies and natural drinks shops, wrote on Facebook that half of his turnover takes place in shopping centers on weekends. He asked: “How can w...

Alexander Savilov, co-owner of the Salateira restaurant chain, wrote on Facebook that many entrepreneurs say a short, hard lockdown would be more effective. Alexander Savilov, co-owner of the Salateira restaurant chain, wrote on Facebook that many entrepreneurs say a short, hard lockdown would be more effective. He said: “Many are in favor of a complete l...

Lviv, a city with a big tourism economy, is preparing a lawsuit against the weekend lockdown decision, Lviv, a city with a big tourism economy, is preparing a lawsuit against the weekend lockdown decision, Mayor Andriy Sadovyi wrote last night on Facebook. “Lockdown for the weekend is absurd,” said Sad...

The most recent political notables testing positive for coronavirus are: The most recent political notables testing positive for coronavirus are: Dmytro Razumkov, speaker of the Rada, and Oleksiy Reznikov, deputy Prime Minister and minister for Reintegration of Temporarily...

On President-elect Joe Biden, Serhiy Sydorenko On President-elect Joe Biden, Serhiy Sydorenko writes in an analysis in Evropeiska Pravda: “Implementation of reforms in Ukraine is going to be the main indicator on which the US would premise buildin...

With Joe Biden’s political emergence, perceived Ukraine risk has dropped and yields are down on Ukraine’s benchmark Eurobonds With Joe Biden’s political emergence, perceived Ukraine risk has dropped and yields are down on Ukraine’s benchmark Eurobonds. Since Oct. 12, yields on the bond maturing in 2025 have dropped 90 basis ...

Ukreximbank, the nation’s third largest bank, is repurchasing its Eurobonds maturing in 2022 and 2025 for a total of $300 million. Ukreximbank, the nation’s third largest bank, is repurchasing its Eurobonds maturing in 2022 and 2025 for a total of $300 million. The state-owned bank reports that the redemption price of bonds matur...

Timothy Ash writes from London: Timothy Ash writes from London: “With Ukrainian Eurobonds ignoring the local constitutional crisis and taking their lead from global beta, I would be amazed if the Ministry of Finance does not tap the...

On the hryvnia bond market, the Finance Ministry raised rates and quadrupled government bond sales Tuesday, compared to the week prior. On the hryvnia bond market, the Finance Ministry raised rates and quadrupled government bond sales Tuesday, compared to the week prior. The Finance Ministry reports that it raised the equivalent of $2...

Thursday, September 3

Today, the National Bank of Ukraine is likely to keep the prime interest rate at the current level of 6%, Today, the National Bank of Ukraine is likely to keep the prime interest rate at the current level of 6%, indicate separate polls of economists and bankers by Reuters and Interfax Ukraine. With a 5.9%...

Signaling the end of an era, the volume of Russian gas crossing Ukraine on the Soviet-era pipeline system is down 42% Signaling the end of an era, the volume of Russian gas crossing Ukraine on the Soviet-era pipeline system is down 42% compared to the same January-August period last year. Under the Dec. 30 contract, ...

The biggest drops this year are on Ukraine’s southern route to Moldova and Romania The biggest drops this year are on Ukraine’s southern route to Moldova and Romania. On this ‘trans-Balkan route,’ gas shipments are down 73%, to 2.3 bcm for the first eight months. The game changer wa...

As Europe’s pipelines become increasingly inter-connected, ERU Trading, an American company, sent a test gas shipment in July from Revithoussa, Greece’s LNG terminal, on the Aegean Sea, through Romania to Ukraine. As Europe’s pipelines become increasingly inter-connected, ERU Trading, an American company, sent a test gas shipment in July from Revithoussa, Greece’s LNG terminal, on the Aegean Sea, through Romani...

As part of this newly liberalized market, 72 traders – a mix of European and Ukrainian companies – parked a total of 8.2 bcm of gas in Ukrainian reservoirs this summer, As part of this newly liberalized market, 72 traders – a mix of European and Ukrainian companies – parked a total of 8.2 bcm of gas in Ukrainian reservoirs this summer, waiting for the annual rise in ...