ukroboronprom

Tuesday, January 12

Imported used cars accounted for 80% of the 438,900 first time car registrations in Ukraine last year Imported used cars accounted for 80% of the 438,900 first time car registrations in Ukraine last year, reports Ukrautoprom, the vehicle industry association. Last month, about 40,000 used cars were re...

Traffic congestion increased in Kyiv last year by about 5%, Traffic congestion increased in Kyiv last year by about 5%, reports the Center for Transportation Strategies, citing the City’s Traffic Center. Traffic on Kreshchatyk increased by 5-10%. Traffic Brova...

Despite the global recession, Ukraine’s steel companies increased rolled steel production by almost 1% yoy, to 18.3 million tons. Despite the global recession, Ukraine’s steel companies increased rolled steel production by almost 1% yoy, to 18.3 million tons. Steel smelting decreased by 1.4% to 20.5 million tons. But pig iron pr...

Consumer prices grew 5% last year Consumer prices grew 5% last year, inside the government’s inflation target range and slightly higher than in 2019, the State Statistics Service reported yesterday. Previous annual inflation rates wer...

Ukraine’s economic recovery will be slower than expected, coming in the spring Ukraine’s economic recovery will be slower than expected, coming in the spring, the Economy Ministry predicted yesterday. Reversing an earlier prediction of economic growth in the first quarter of 202...

The first 700,000 coronavirus vaccines could arrive in Ukraine by the end of February The first 700,000 coronavirus vaccines could arrive in Ukraine by the end of February, Valeriy Pechayev, CEO of the importing company, Lekhim, told reporters yesterday. Contracted to import 1.9 millio...

During the first weekend of the ‘enhanced quarantine’ the National Police issued fines to 1,658 During the first weekend of the ‘enhanced quarantine’ the National Police issued fines to 1,658 violators – 1,314 shops, 264 restaurants, 40 shopping centers and 22 fitness centers. In addition, 3,658...

After a 3-week break for the holidays, the IMF’s Europe Office resumed video talks yesterday with Ukraine’s government After a 3-week break for the holidays, the IMF’s Europe Office resumed video talks yesterday with Ukraine’s government to revive the Stand-By Arrangement signed last June. The program revision was to ...

Ukraine will spend $20 billion this year to repay principal and pay interest on its public debt Ukraine will spend $20 billion this year to repay principal and pay interest on its public debt, according to Finance Ministry figures. About 72% will go to repay domestic debt and 28% to repay foreig...

Ukroboronprom, the state arms production conglomerate, and ProZorro.Sale, the online auction platform, signed an agreement yesterday to put up for auction leases on 250 properties Ukroboronprom, the state arms production conglomerate, and ProZorro.Sale, the online auction platform, signed an agreement yesterday to put up for auction leases on 250 properties around the nation wi...

Details of the properties are posted on the Details of the properties are posted on the Ukroboronprom site under Assets- Investment Property for Rent. These details, plus the mechanics of the auctions, also will be posted on the site of Prozorr...

Thursday, November 19

The Finance Ministry is not considering issuing hryvnia government loan bonds to help pay off the $800 million debt owed to solar and wind producers of electricity The Finance Ministry is not considering issuing hryvnia government loan bonds to help pay off the $800 million debt owed to solar and wind producers of electricity, Deputy Finance Minister Yuriy Draga...

University education is a major export for Ukraine. University education is a major export for Ukraine. Last year, 80,500 foreign students spent $570 million here for tuition alone, reports the Kyiv Post. Adding food, lodging, airfare, and services, th...

55% of people polled in France, Germany, Italy and Poland support Ukraine joining the European Union 55% of people polled in France, Germany, Italy and Poland support Ukraine joining the European Union, according to an internet-based survey of 4,000 people polled at the end of September for the New E...

Due to the Constitutional Court’s October 27 decision that filing fraudulent asset declarations should be punished Due to the Constitutional Court’s October 27 decision that filing fraudulent asset declarations should be punished, the Ukraine’s new High Anti-Corruption Court said Tuesday that it was forced throw o...

Concorde Capital’s Zenon Zawada writes Concorde Capital’s Zenon Zawada writes: “This is yet another negative consequence of the scandalous October 27 ruling, which has been quite destructive, not only for Ukraine’s anti-corruption infrastr...

The Rada lacks the political will to approve bills that world restore the electronic declarations or deal with the Constitutional Court The Rada lacks the political will to approve bills that world restore the electronic declarations or deal with the Constitutional Court, a body determined to dismantle much of the Europe-oriented inst...

“Now you’ve got to put people in jail,” “Now you’ve got to put people in jail,” Joe Biden recalls in his 2017 memoir saying to Prime Minister Arseniy Yatsenyuk. Then Vice President Biden made the exhortation in a speech to the US-Ukraine Bu...

Although Ukraine is recording record corona infections and deaths Although Ukraine is recording record corona infections and deaths, the government believes weekend lockdowns will be enough to stop the nation’s rising infection rate. The nation is recording about 12...

With shopping centers closed last weekend, ‘mobility’ dropped by about 25% With shopping centers closed last weekend, ‘mobility’ dropped by about 25%, said Viktor Lyashko, the deputy Health Minister. He says a well-enforced lockdown this weekend, could cut ‘mobility’ by 50% ...

Last weekend, a string of big city mayors defied the lockdown Last weekend, a string of big city mayors defied the lockdown. Whilst National Police who work for the Interior Minister, shut down and fined 2,400 establishments, many of them in cities boycotting th...

Speaking to Speaking to Reuters yesterday, Health Minister Maksym Stepanov said that he believes Ukraine can get to the Christmas holidays without a total lockdown. However, he warns: “The winter, in my opinion, ...

IMF Managing Director Kristalina Georgieva tweeted yesterday about Ukraine: IMF Managing Director Kristalina Georgieva tweeted yesterday about Ukraine: “Constructive call with President Zelensky on IMF program implementation, Central Bank independence and anti-corruption effo...

President Zelenskiy said President Zelenskiy said after the Tuesday night call: “To date, all the structural beacons provided for the revision of the IMF program have been fulfilled.” Zelenskiy assured the head of the I...

Deputy Finance Minister Yuriy Draganchuk Deputy Finance Minister Yuriy Draganchuk told Korrespondent.net that there are no “formal preconditions for not giving us a tranche or sending a mission.” However, he added: “They look at the general ...

Veteran British financial observer Timothy Ash was skeptical, Veteran British financial observer Timothy Ash was skeptical, emailing clients: “[I] cannot see IMF disbursements until the new US administration takes office and puts new focus on Ukraine.” Predictin...

Dollar-denominated bonds accounted for 85% of revenue raised on Tuesday at the Finance Ministry’s weekly auction Dollar-denominated bonds accounted for 85% of revenue raised on Tuesday at the Finance Ministry’s weekly auction. A total of $76 million 1.2-year dollar bonds went for 3.77%, up 15 basis points from o...

Wednesday, November 18

Roads were paved in all 24 regions this year. Six were leaders: Roads were paved in all 24 regions this year. Six were leaders: Kharkiv — 262 km; Zakarpattia – 248 km; Zaporizhia — 220 km; Sumy -197 km; Khmelnytskyi –194 km; Cherkasy 163 km; and Lviv 1...

The number of foreigners entering Ukraine has plunged by 75% so far this year The number of foreigners entering Ukraine has plunged by 75% so far this year. Through September, 2.7 million foreigners visited Ukraine, down from 10.7 million during the first nine months of last ye...

The EU plans to sign an ‘open skies’ agreement with Ukraine in the first quarter of next year The EU plans to sign an ‘open skies’ agreement with Ukraine in the first quarter of next year, Katarína Mathernová, the European Commission’s deputy director-general for Neighborhood Policy and Enlarg...

Notable and Quotable: Notable and Quotable:

“It’s not a coincidence the Constitutional Court decided to demolish anti-corruption reform right in the middle of an American election,” “It’s not a coincidence the Constitutional Court decided to demolish anti-corruption reform right in the middle of an American election,” Daria Kaleniuk, executive director of the Anti-Corruption Acti...

“Oligarchs are further coopting Rada members, judges, and others to undermine the President’s agenda,” “Oligarchs are further coopting Rada members, judges, and others to undermine the President’s agenda,” Kristina A. Kvien, US Embassy Chargé d’Affaires in Kyiv, said at the Ukraine Reform C...

“As US vice president, Biden was at the forefront of an anti-corruption reform agenda that aimed to facilitate Ukraine’s integration into the Euro-Atlantic community,” “As US vice president, Biden was at the forefront of an anti-corruption reform agenda that aimed to facilitate Ukraine’s integration into the Euro-Atlantic community,” Peter Dickinson writes in an Atl...

With the third departure in six weeks, the purge of pro-Western reformers from Ukraine’s defense industry continued with Monday’s abrupt firing of Volodomyr Usov, the head of Ukraine’s Space Agency With the third departure in six weeks, the purge of pro-Western reformers from Ukraine’s defense industry continued with Monday’s abrupt firing of Volodomyr Usov, the head of Ukraine’s Space Agency. O...

By creating transparently run companies, the directors hoped to open doors to join ventures with foreign, NATO-standard companies By creating transparently run companies, the directors hoped to open doors to join ventures with foreign, NATO-standard companies wary of getting tarred by corrupt practices at state defense manufactu...

Behind the firings is Behind the firings is Oleh Uruskiy, a Soviet-trained, three-decade veteran of Ukraine’s defense industry. Appointed First Deputy Prime Minister last summer, Uruskiy is creating a ‘mega-ministry’–...

Critics say modernization is stopping and new structures are opaque Critics say modernization is stopping and new structures are opaque. “With the choice of this manager, Volodomyr Zelenskiy really made a mistake,” Ivan Sergienko writes in Lenta.ua. “Uruskiy is not on...

The Chinese investors in Motor Sich have hired three well known international law firms to pursue their claim against Ukraine for $3.5 billion in compensation The Chinese investors in Motor Sich have hired three well known international law firms to pursue their claim against Ukraine for $3.5 billion in compensation for being blocked from taking over the ai...

With e-commerce booming, Nova Poshta is hiring 2,500 drivers, couriers and sorters With e-commerce booming, Nova Poshta is hiring 2,500 drivers, couriers and sorters. Although the hiring is for the Christmas rush, Alexander Bulba, CEO of the delivery company, says: “After the high s...

With the first snow falling yesterday, Ukravtodor announced that it reached 93% of its target of rebuilding 4,200 km of roads during the 2020 highway construction season With the first snow falling yesterday, Ukravtodor announced that it reached 93% of its target of rebuilding 4,200 km of roads during the 2020 highway construction season. Next year, the state highways...

Monday, August 17

A near doubling of exports to China reduced Ukraine’s trade deficit to $1.3 billion for the first half of this year, A near doubling of exports to China reduced Ukraine’s trade deficit to $1.3 billion for the first half of this year, the lowest level in recent years. The State Statistics Service reports exports to C...

China’s purchase of ship parts and R&D services for aircraft engines made it the largest buyer of military equipment from UkrOboronProm during the first half of this year. China’s purchase of ship parts and R&D services for aircraft engines made it the largest buyer of military equipment from UkrOboronProm during the first half of this year. Of $145 million in sales...

China Railway Construction Corporation is talking with China Railway Construction Corporation is talking with Vadym Novinsky’s Smart Holding about building a deep water port at Ochakiv, a Black Sea port 60 km south of Mykolaiv city. A strategic chokepoint...

Given Ochakiv’s strategic location, facing Crimea 100 km to the south, US Navy Seabees built last year a $700,000 operations center at Ochakiv for Ukrainian Navy. Given Ochakiv’s strategic location, facing Crimea 100 km to the south, US Navy Seabees built last year a $700,000 operations center at Ochakiv for Ukrainian Navy. When construction was announced, Vlad...

Last month, CRCC, China’s second largest state-owned construction company, Last month, CRCC, China’s second largest state-owned construction company, signed a memorandum of understanding with Ukraine’s Infrastucture Ministry about modernizing Ukraine’s inland waterways. Thes...

Nibulon, the largest shipper on the Dnipro, is building a Black Sea port complex in Ochakiv and restoring the fish canning factory Nibulon, the largest shipper on the Dnipro, is building a Black Sea port complex in Ochakiv and restoring the fish canning factory. To supply the cannery with fish, crustaceans and mollusks from the D...

Fresh from announcing a deal with Chinese investors to take over Motor Sich, Ukraine’s jet engine factory, Alekander Yaroslavsky offers to raise $1 billion to revive the aviation plant in his home city of Kharkiv Fresh from announcing a deal with Chinese investors to take over Motor Sich, Ukraine’s jet engine factory, Alekander Yaroslavsky offers to raise $1 billion to revive the aviation plant in his home cit...

Today, flights resume between Kyiv and Yerevan, Armenia and between Kyiv and Almaty, Kazakhstan. Today, flights resume between Kyiv and Yerevan, Armenia and between Kyiv and Almaty, Kazakhstan. Air service to the two countries was suspended five months ago as part of the coronavirus travel restri...

Do the math Do the math: Ihor Kolomoisky’s Windrose airline is receiving its 14th aircraft, a leased ATR-72-600. Within a year, Windrose is to receive another five of these regional turboprops, bringing its fleet...