ukrainenewsinenglish

Thursday, August 27

NBU board chairman Bohdan Danylyshyn says he thinks the disbursement of two tranches from the IMF in 2020 is unrealistic NBU board chairman Bohdan Danylyshyn says he thinks the disbursement of two tranches from the IMF in 2020 is unrealistic, Ukrinform reports. “Obviously, the baseline scenario of receiving two tr...

With Ukraine’s schools scheduled to open on Tuesday, President Zelenskiy warned families to take precautions, noting that his 7-year-old son, Kyrylo, was hospitalized last month for coronavirus complications With Ukraine’s schools scheduled to open on Tuesday, President Zelenskiy warned families to take precautions, noting that his 7-year-old son, Kyrylo, was hospitalized last month for coronavirus compli...

At the same time, Danylyshyn says “cooperation with the IMF will continue. Support from international partners remains one of the most important factors of macrofinancial stability in Ukraine. At the same time, Danylyshyn says “cooperation with the IMF will continue. Support from international partners remains one of the most important factors of macrofinancial stability in Ukraine. T...

Law enforcement authorities in Chernivtsi, one of the country’s hardest hit red zones, decide to suspend the operation public transport Law enforcement authorities in Chernivtsi, one of the country’s hardest hit red zones, decide to suspend the operation public transport, according to Ukrinform citing Deputy Mayor of Chernivtsi Dmytro...

Ukrbud’s unfinished construction problems are “basically resolved Ukrbud’s unfinished construction problems are “basically resolved,” said Interior Minister Arsen Avakov. “The issue of Ukrbud is practically resolved, and I thank the city authorities and our colleagu...

Adamant Capital writes : “Although Ukraine is currently displaying the highest amount of new cases on record, it seems unlikely that restrictions similar to those that have been introduced at the start of the pandemic are g...

Volodymyr Zhmak will be the new CEO of Ukrainian Railways, the nation’s largest employer and a major economic player, Volodymyr Zhmak will be the new CEO of Ukrainian Railways, the nation’s largest employer and a major economic player, the Cabinet of Ministers announced yesterday. Zhmak was previously a member of the...

Passenger transport volume was down 41% yoy in July Passenger transport volume was down 41% yoy in July, reports ICU. In cities, transport was at 70-80% of last year’s levels. But rail was 38% of 2019 levels and air was only 18% of July 2019.

Retail turnover was up 8.5% yoy in July Retail turnover was up 8.5% yoy in July. However, wholesale trade fell by 6% yoy after the surge by 12% yoy in June, according to ICU.

Alfa-Bank Ukraine writes Alfa-Bank Ukraine writes: “Retail trade provides a strong positive surprise in July. The sector accelerated to a growth of 8.5% y-o-y, already close to its pre-COVID trajectory. For comparison, we exp...

The Finance Ministry placed UAH 816 million ($29.8 million) in 3-month local currency bonds at 7% and $31 million in 12-month hard currency bonds at 3.5%. The Finance Ministry placed UAH 816 million ($29.8 million) in 3-month local currency bonds at 7% and $31 million in 12-month hard currency bonds at 3.5%.

Concorde Capital’s Evgeniya Akhtyrko writes of Tuesday’s weekly auction: “ Concorde Capital’s Evgeniya Akhtyrko writes of Tuesday’s weekly auction: “The local bond market is in its traditional summer vacation lethargy. However, there is no guarantee that the next month will ...

Prime Minister Denis Shmygal pledges $328 million more for Ukraine’s “5-7-9% affordable loan program” to prop up small businesses Prime Minister Denis Shmygal pledges $328 million more for Ukraine’s “5-7-9% affordable loan program” to prop up small businesses, the head of government announced on Facebook. He writes: “Small busin...

President Zelenskiy pledges support for Yuzhmash, the state-owned machine-building company that manufactures products for defense, aviation, agriculture, thermal power, and space industries. President Zelenskiy pledges support for Yuzhmash, the state-owned machine-building company that manufactures products for defense, aviation, agriculture, thermal power, and space industries. Visiting ...

Construction on Dnipro airport’s new 3,000 meter runway will start next month, President Zelenskiy said Construction on Dnipro airport’s new 3,000 meter runway will start next month, President Zelenskiy said yesterday on a visit to the city. Reviewing the tender schedule, he said: “I am sure that by the...

Ukraine pays one of the highest electricity prices in Europe Ukraine pays one of the highest electricity prices in Europe, according to the EU — €46.9 per MWh, while the European average was €33.5 per MWh. Countries paying the most are: Greece at €50 per ...

Industrial output is down 4.8% yoy in July Industrial output is down 4.8% yoy in July, according to the State Statistics Service. This represents a slight improvement from the 5.6% yoy drop recorded in June.

Ukraine shuts its borders to foreign travelers for one month, starting tomorrow night at midnight. Ukraine shuts its borders to foreign travelers for one month, starting tomorrow night at midnight. The major exceptions are: foreigners with Ukraine residence permits, diplomats, travelers in transit,...

Food production is up 4.6% yoy in July Food production is up 4.6% yoy in July, according to the State Statistics Service.

Wednesday, August 26

Construction of a new northern motorway bypass in Lviv region Construction of a new northern motorway bypass in Lviv region. The bypass is expected to serve 20,000 vehicles a day and will connect Kyiv’s Chop international highway and the Lviv – Lutsk national ro...

Upgrade of a 314 km section of the M05 highway on the Kyiv-Odessa route Upgrade of a 314 km section of the M05 highway on the Kyiv-Odessa route. This is the main connection between Kyiv and the Black Sea ports and serves 10,000 to 25,000 vehicles daily.

Ukreximbank signed an agreement with the State Roads Agency to purchase local currency bonds worth UAH 2.87 billion at 9.99% Ukreximbank signed an agreement with the State Roads Agency to purchase local currency bonds worth UAH 2.87 billion at 9.99%, the press service of the bank reports on Facebook. The state-owned bank ra...

Ukreximbank combined three instruments at once – a refinancing loan, an interest rate swap and purchase of securities. Ukreximbank combined three instruments at once – a refinancing loan, an interest rate swap and purchase of securities. Metzger said: “This is the first market transaction of this magnitude.”

Capital investments are down by 345% ($2.56 billion) in the first half of 2020, compared to the same period last year, Capital investments are down by 345% ($2.56 billion) in the first half of 2020, compared to the same period last year, reports Liga Busines,s citing the State Statistics Service. Investment in agricul...

The Rada approves state guarantees on $183 million of loans made to small and medium-sized enterprises The Rada approves state guarantees on $183 million of loans made to small and medium-sized enterprises, according to the government. Should borrowers default, the government will be obligated to repay...

The Rada authorizes the Ministry of Finance to issue more domestic local currency bonds (OVDPs) for the additional capitalization of the State Mortgage Agency to expand mortgage lending The Rada authorizes the Ministry of Finance to issue more domestic local currency bonds (OVDPs) for the additional capitalization of the State Mortgage Agency to expand mortgage lending, reports Liga....

The central bank plans to regulate the debt collection market The central bank plans to regulate the debt collection market, the bank reports on Facebook. The National Bank of Ukraine says it received hundreds of complaints about shady debt collectors using unet...

Yulia Tymoshenko, leader of Ukraine’s Fatherland party, is in serious condition after being hospitalized for Covid-19 Yulia Tymoshenko, leader of Ukraine’s Fatherland party, is in serious condition after being hospitalized for Covid-19, r her press secretary Marina Soroka writes on Facebook. “Unfortunately, there is ...

The Cabinet of Ministers calls for some quarantine measures to be extended until November 1 The Cabinet of Ministers calls for some quarantine measures to be extended until November 1, according to the office of the president. Over 108,000 people in Ukraine are known to be infected with Covi...

The Rada ratifies a memorandum of understanding between Ukraine and the EU for €1.2 billion of pandemic-related financial assistance The Rada ratifies a memorandum of understanding between Ukraine and the EU for €1.2 billion of pandemic-related financial assistance, according to the results of yesterday’s extraordinary session. The...

“But quarantine must remain adaptive and un-burdensome for entrepreneurs “But quarantine must remain adaptive and un-burdensome for entrepreneurs,” Zelenskiy stressed. “Small and medium-sized businesses should be able to properly maneuver in the new conditions.”...

The money is conditioned on the government’s pledge to ensure competitive selections for key positions, including the heads of Ukraine’s tax and customs agencies The money is conditioned on the government’s pledge to ensure competitive selections for key positions, including the heads of Ukraine’s tax and customs agencies. Other conditions include dissolving t...

The government is in the process of developing regulations to ban citizens from “red zone” countries from entering Ukraine for 30 days The government is in the process of developing regulations to ban citizens from “red zone” countries from entering Ukraine for 30 days, said the president. Globally, nearly 25 million people are confi...

The exact terms of the pandemic-relief loan have not yet been revealed The exact terms of the pandemic-relief loan have not yet been revealed, but previous EU liquidity programs were offered at 2% annual interest or lower to European Neighborhood Policy countries.

Zelenskiy suggests Ukraine should open up for Belarusians, given the increasing instability and continuing protests against President Lukashenko. Zelenskiy suggests Ukraine should open up for Belarusians, given the increasing instability and continuing protests against President Lukashenko. “How can we ban Belarusians from entering, espec...

Back in May, the European Parliament and Council decided to extend macro-financial credit assistance to European Neighborhood Policy countries. Back in May, the European Parliament and Council decided to extend macro-financial credit assistance to European Neighborhood Policy countries. The ENP countries are Algeria, Armenia, Azerbaijan, Bela...

UIA will operate two Kyiv-New York-Kyiv flights – one next Monday and the other on Sept. 9 UIA will operate two Kyiv-New York-Kyiv flights – one next Monday and the other on Sept. 9. The jets leave Kyiv Boryspil in the morning, turnaround at New York’s JFK, and then take off again for Ukrai...

The Rada signs off on a European Investment Bank program worth €450 million to help Ukraine’s big road building program The Rada signs off on a European Investment Bank program worth €450 million to help Ukraine’s big road building program, according to the government. The Bank says: “The financing will increase safety...

From the Editor: From the Editor: Alert reader Petro Rondiak, Board Manager of Winner Group, the new car importer, points out that that the latest numbers on car imports show that new car imports were up 15.9% yoy in ...

The €450 million in EIB financing covers The €450 million in EIB financing covers:

Tuesday, August 25

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.

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...