ukrainebisusinessnews

Friday, August 14

With the Rhosus disabled by the leak, Grechushkin abandoned the ship and the crew, With the Rhosus disabled by the leak, Grechushkin abandoned the ship and the crew, both news agencies report. Four crew members were forced by Lebanese officials to stay on the ship for 11 months to p...

IFC is supplying a $35 million loan to help Galnaftogaz to improve its supply of fertilizer and fuels to small farmers. IFC is supplying a $35 million loan to help Galnaftogaz to improve its supply of fertilizer and fuels to small farmers. The Lviv-based company has pioneered allowing farmers to buy fertilizer and seed...

After good weather in eastern and central Ukraine, the USDA has raised its Ukraine harvest forecasts to: 27 million tons of wheat, and 39.5 million tons of corn. After good weather in eastern and central Ukraine, the USDA has raised its Ukraine harvest forecasts to: 27 million tons of wheat, and 39.5 million tons of corn. “Yields are expected to be the second ...

Ukraine’s Avangard, Europe’s largest egg producer, may close six of its 20 farms, cutting production by 20% by mid-October, Ukraine’s Avangard, Europe’s largest egg producer, may close six of its 20 farms, cutting production by 20% by mid-October, reports Poultry World. UkrLandFarming, Avangard’s parent company, may have t...

Next year, Ukraine will create a domestic airline based on a fleet of regional jets produced by Kyiv’s Antonov Next year, Ukraine will create a domestic airline based on a fleet of regional jets produced by Kyiv’s Antonov, Infrastructure Minister Vladyslav Krykliy said yesterday on a visit to Kharkiv State Air...

Betting that corona travel restrictions will ease, SkyUp announces seven new international routes for its winter schedule. Betting that corona travel restrictions will ease, SkyUp announces seven new international routes for its winter schedule. Starting Oct. 25, Ukraine’s discount carrier will fly from Kyiv Boryspil to A...

Starting today, Ukraine’s new electronic visa platform launches at this address: Starting today, Ukraine’s new electronic visa platform launches at this address: https://evisa.mfa.gov.ua/. Citizens of India, the Philippines and South Africa will be able to get electronic visas for...

After Belarus President Aleksandr Lukashenko cracked down violently in the wake Sunday’s presidential election, U.S. Secretary of State Mike Pompeo said Washington is considering ending oil shipments to Belarus. After Belarus President Aleksandr Lukashenko cracked down violently in the wake Sunday’s presidential election, U.S. Secretary of State Mike Pompeo said Washington is considering ending oil shipments ...

By Sept. 15, all of Ukraine’s ports are to complete “extraordinary measures for government supervision” of the import, handling and storage of ammonium nitrate, By Sept. 15, all of Ukraine’s ports are to complete “extraordinary measures for government supervision” of the import, handling and storage of ammonium nitrate, Prime Minister Shmygal has ordered. The...

Ukraine, Europe’s largest food exporter, is a major importer of ammonium nitrate, a key component of fertilizers. Ukraine, Europe’s largest food exporter, is a major importer of ammonium nitrate, a key component of fertilizers. Last year, Ukraine imported 716,000 tons, at least seven times the volume of 2016, acc...

At Pivdennyi, Ukraine’s busiest port, 9,600 tons of ammonium nitrate are stored “in accordance with all norms and standards,” At Pivdennyi, Ukraine’s busiest port, 9,600 tons of ammonium nitrate are stored “in accordance with all norms and standards,” the seaport administration says in a statement. The compound is “packed in...

Behind the devastating Beirut port explosion was a Russian business man who abandoned his ship, his 8-man Ukrainian crew and his cargo of ammonium nitrate in Beirut in 2013, Behind the devastating Beirut port explosion was a Russian business man who abandoned his ship, his 8-man Ukrainian crew and his cargo of ammonium nitrate in Beirut in 2013, according to a Reuters sto...

Flying the flag of Moldova, a landlocked nation, the ship, the Rhosus, was loaded in Sept. 2013 with 2,750 tons of ammonium nitrate produced by Rustavi Azot, a nitrogen producer in Georgia Flying the flag of Moldova, a landlocked nation, the ship, the Rhosus, was loaded in Sept. 2013 with 2,750 tons of ammonium nitrate produced by Rustavi Azot, a nitrogen producer in Georgia. The cargo ...

Thursday, August 13

A US company is negotiating with Mykolaiv regional authorities to build a $250 million waste recycling plant for the entire region A US company is negotiating with Mykolaiv regional authorities to build a $250 million waste recycling plant for the entire region, Alexander Stadnik, regional head, tells NikVesti, a local news site....

Fighting to preserve a joint venture with a Chinese company to control Ukraine’s aircraft engine maker Fighting to preserve a joint venture with a Chinese company to control Ukraine’s aircraft engine maker, Ukraine’s DCH conglomerate told Reuters and NV business news site yesterday that it has signed a...

President Zelenskiy signed a law creating the legal and regulatory framework for President Zelenskiy signed a law creating the legal and regulatory framework for derivatives – the financial instrument that helps to provide hedging opportunities against prices, interest rates or cu...

Timur Khromaev, head of the Commission, said of the derivatives law: “I Timur Khromaev, head of the Commission, said of the derivatives law: “It represents a big step forward in creating the conditions in which our economy can move to a more sophisticated stage of develop...

The day after President Zelenkiy signed the law legalizing gambling, Parimatch, the largest betting company in Ukraine, announced that it will bid for hotel casino licenses in Ukraine. The day after President Zelenkiy signed the law legalizing gambling, Parimatch, the largest betting company in Ukraine, announced that it will bid for hotel casino licenses in Ukraine. Founded in Kyiv...

The Finance Ministry raised the equivalent of $366 million in its weekly government bond auction Tuesday – virtually the same amount as one week earlier. The Finance Ministry raised the equivalent of $366 million in its weekly government bond auction Tuesday – virtually the same amount as one week earlier. To keep, hryvnia rates from rising, the Minist...

Concorde Capital’s Evgeniya Akhtyrko concludes: Concorde Capital’s Evgeniya Akhtyrko concludes: “There is no improvement in the sentiments of the broader circle of market players regarding the risk level of UAH debt at the moment.”

Planes left Kyiv Sikorsky Airport half full last month Planes left Kyiv Sikorsky Airport half full last month. In July, Kyiv’s right bank airport handled 1,314 flights — 48% the number of flights of one year earlier. But the number of passengers was...

SkyUp Airlines returned in July to 50% of its pre-coronavirus traffic levels. SkyUp Airlines returned in July to 50% of its pre-coronavirus traffic levels. Operating 704 domestic and international flights from Kyiv Boryspil, the low cost airline carried 96,407 passengers in Jul...

Air Astana resumes flights between Almaty and Kyiv Boryspil next Wednesday Air Astana resumes flights between Almaty and Kyiv Boryspil next Wednesday. From Almaty, the Kazakh national carrier flies to 26 destinations, including Beijing and Delhi. Air Astana suspended flights...

The day after President Zelenskiy signed a law giving tax breaks to foreign film productions, Kyiv City officials announced a list of streets to be closed Aug. 12-25 for the filming of a Jean-Claude Van Damme film — ‘The Last Mercenary.’ The day after President Zelenskiy signed a law giving tax breaks to foreign film productions, Kyiv City officials announced a list of streets to be closed Aug. 12-25 for the filming of a Jean-Claude V...

About 200 more state companies will be transferred to the State Property Fund for privatization, About 200 more state companies will be transferred to the State Property Fund for privatization, the Cabinet of Ministers decided yesterday. The companies are either unprofitable or are used “for vari...

Until the coronavirus pandemic started, several foreign investor groups had planned to come to Ukraine this summer to study state companies scheduled for sale. Until the coronavirus pandemic started, several foreign investor groups had planned to come to Ukraine this summer to study state companies scheduled for sale. Dmytro Sennychenko, head of the Property...

Ukravtodor presented yesterday a project to build $3 billion, 150km, three quarter circle Kyiv ring road. Ukravtodor presented yesterday a project to build $3 billion, 150km, three quarter circle Kyiv ring road. Designed to intercept traffic about 40 km outside capital, the bypass would link all major int...

Wednesday, August 12

President Zelenskiy has signed a law dropping Ukraine’s 20% VAT from the production of videos, films, TV programs, cartoons and commercials for export President Zelenskiy has signed a law dropping Ukraine’s 20% VAT from the production of videos, films, TV programs, cartoons and commercials for export. Zelenskiy, who owns his own production company, ...

Twelve distilleries of Ukrspirt, the state alcohol producer, may be next in line for privatization, Twelve distilleries of Ukrspirt, the state alcohol producer, may be next in line for privatization, Dmytro Sennychenko, chairman of the State Property Fund, said yesterday at the opening in Kyiv of Ag...

Uniper, the Dusseldorf-based energy giant, says it may have to impair a loan to Nord Stream 2 if US sanctions kill the Russia to Germany Baltic gas pipeline. Uniper, the Dusseldorf-based energy giant, says it may have to impair a loan to Nord Stream 2 if US sanctions kill the Russia to Germany Baltic gas pipeline. “The worst case would be, of course, if (N...

Today, the third Chinese container train in three days is to arrive at Kyiv’s left bank Liski train depot Today, the third Chinese container train in three days is to arrive at Kyiv’s left bank Liski train depot. The trains take 15 days to travel 9,000 km from China, through Kazakhstan or Mongolia and Rus...

A record 1,232 China-Europe trains rolled in July, a 68% yoy jump A record 1,232 China-Europe trains rolled in July, a 68% yoy jump, reports Xinhua from Beijing, citing China State Railway Group. With 40 trains plying the route daily, cargo was up 73% yoy, to 113,00...

Poland issued 44% fewer visas to Ukrainians during the first half of the this year, Poland issued 44% fewer visas to Ukrainians during the first half of the this year, compared to the same January-June period last year, reports the Warsaw Business Journal. The drop to 270,000 visas i...

This fall, Ryanair plans to launch two more Poland-Ukraine flights This fall, Ryanair plans to launch two more Poland-Ukraine flights: from Lviv to Poznan and from Kharkiv to Warsaw. Ryanair, Europe’s largest carrier, also plans to increase frequencies out of Kyiv Bo...

Germany’s FlixBus, the Europe’s bus transport operator, is opening its fourth Ukraine-Poland route Germany’s FlixBus, the Europe’s bus transport operator, is opening its fourth Ukraine-Poland route: Kyiv-Warsaw, with stops in Zhytomyr, Rivne and Radom (Poland). Aimed at low budget tourists and migr...

Britain’s EasyJet, one of Europe’s largest low-cost airlines, may start flights between Italy and Ukraine by October. Britain’s EasyJet, one of Europe’s largest low-cost airlines, may start flights between Italy and Ukraine by October. In late July, shortly, after Italy and Ukraine fully liberalized air traffic, ENAC...

Ernest Airlines is to be reborn this fall as a regional Italian carrier. Ernest Airlines is to be reborn this fall as a regional Italian carrier. Until the Milan-based airline went bankrupt last January, it operated 13 routes between Italian and Ukrainian cities. Ukraine’s...

Austria, Georgia, Lithuania, Slovakia, and Canada have returned to Austria, Georgia, Lithuania, Slovakia, and Canada have returned to Ukraine Health Ministry’s “Green” list. Travelers arriving from these countries do not take Covid-19 tests or self-isolat...

Through Aug. 30, Ukraine has closed its two road checkpoints for entry into Russia-controlled Crimea, purportedly to control coronavirus. Through Aug. 30, Ukraine has closed its two road checkpoints for entry into Russia-controlled Crimea, purportedly to control coronavirus. Only Crimean residents with Ukrainian passports are allowed to...

The cross-Danube ferry linking Orlivka, Odesa oblast, and Isaccea, Romania started service this week. Operating hourly, from 8 am to 8 pm The cross-Danube ferry linking Orlivka, Odesa oblast, and Isaccea, Romania started service this week. Operating hourly, from 8 am to 8 pm, the ferry now carries only trucks. Passenger cars should star...

President Zelenskiy signed the gambling law yesterday, ending Ukraine’s decade-long ban on casinos and slot machines. President Zelenskiy signed the gambling law yesterday, ending Ukraine’s decade-long ban on casinos and slot machines. The law restricts casinos to five-star hotels in Kyiv, and to four- and five-star ...

Two days after the Rada passed the gambling law, on July 14, a nationwide poll found that 61% of the 2,000 respondents opposed legalizing gambling. Two days after the Rada passed the gambling law, on July 14, a nationwide poll found that 61% of the 2,000 respondents opposed legalizing gambling. Across the political spectrum, there was more suppor...

Tuesday, August 11

Ukrtelecom, the nation’s largest Internet service provider, plans to invest $110 million to lay 50,000 km of fiber optic cable to bring broad band to 2.6 million rural Ukrainians by the end of 2022. Ukrtelecom, the nation’s largest Internet service provider, plans to invest $110 million to lay 50,000 km of fiber optic cable to bring broad band to 2.6 million rural Ukrainians by the end of 2022. T...

Vodafone Ukraine says that within two years its LTE 4G network should reach 90% of Ukraine’s population Vodafone Ukraine says that within two years its LTE 4G network should reach 90% of Ukraine’s population. By the summer of 2024 Vodaphone high speed network should cover “roads of international and nat...

Kyivstar, plans to invest $180 million over the next two years to expand its 4G mobile Internet service to reach 90% of Ukraine’s population Kyivstar, plans to invest $180 million over the next two years to expand its 4G mobile Internet service to reach 90% of Ukraine’s population, says Kyivstar President Oleksandr Komarov. In the last six...

To promote the economic revival of government-controlled Donetsk and Luhansk To promote the economic revival of government-controlled Donetsk and Luhansk, the government is drawing up plans for a special status zone that would include major tax breaks and international arbitra...

A “Donbas Economic Development Road Map” is to be submitted next month to the Cabinet of Ministers, according to Oleksii Reznikov is deputy Prime Minister for the Reintegration of Temporarily Occupied Territories. A “Donbas Economic Development Road Map” is to be submitted next month to the Cabinet of Ministers, according to Oleksii Reznikov is deputy Prime Minister for the Reintegration of Temporarily Occupied...

the cost to rebuild the Donbas under Russian control would be $10 billion. the cost to rebuild the Donbas under Russian control would be $10 billion. Speaking to Radio Donbas.Realii, an RFE/RL unit, he said that this would include donor money. The UN has fell far short in re...

As rail freight volumes recover, Ukrzaliznytsia carried 25.2 million tons in July, only 3% less than the tonnage carried in July 2019, As rail freight volumes recover, Ukrzaliznytsia carried 25.2 million tons in July, only 3% less than the tonnage carried in July 2019, reports Rail.Insider news site. Volumes have increased steadily s...

Ukrainian farmers have harvested 33 million tons of grain and legumes, one third of this year’s forecast crop. Ukrainian farmers have harvested 33 million tons of grain and legumes, one third of this year’s forecast crop. Farmers have threshed 23 million tons of wheat, 87% of the forecast crop, and 8 million t...