Ukrainian Startup Fund already financed 200 projects
The Ukrainian Startup Fund has already financed almost 200 projects to the tune of $5 million.
Economy
07 August 2021
Tymoshenko announces launch of City Express in Kyiv, Kharkiv, Dnipro
Ukraine is negotiating with world-renowned companies to develop suburban train services within the City Express project.
06 August 2021
Shmyhal: State to finance rail car manufacturing programs
The state will stimulate and finance programs for the development of rail car manufacturing in Ukraine.
Gazprom shrinking gas reserves in USFs across Europe to not increase gas transit via Ukraine – GTS operator
Despite the scheduled shutdown of the Yamal-Europe and Nord Stream 1 pipelines, as well as the record prices hikes in European gas markets in July, Russia's Gazprom expressed no interest in Ukraine's additional transit capacity and started shrinking reserves of its underground gas storage facilities in Europe.
05 August 2021
PM Shmyhal: Stock exchange should become powerful platform with new opportunities
The stock exchange should become a powerful platform that will open new opportunities for citizens and businesses.
Ukraine’s international reserves increased to USD 28.95B in July – NBU
Ukraine's international reserves in July 2021 grew by 2.1% – to USD 28.951 billion (in equivalent), according to the press service of the National Bank of Ukraine (NBU).
Shmyhal urges local authorities to use tools to hold down heating prices
Local authorities should take advantage of the offer of the National Joint Stock Company Naftogaz of Ukraine and ensure the conclusion of contracts by communal heating providers for the purchase of gas at a fixed annual price.
04 August 2021
Negotiations on Canada–Ukraine Free Trade Agreement expansion nearing completion
Ukraine and Canada are in the final stages of negotiations to expand the Free Trade Agreement to cover services and investment.
Canada-Ukraine trade fell by 9% last year – ambassador
Last year, the volume of mutual trade in goods and services between Canada and Ukraine decreased by 9%.
Cabinet of Ministers adopts Energy Security Strategy until 2025
The Cabinet of Ministers of Ukraine adopted the Energy Security Strategy until 2025.
Japan lifts restrictions on Ukrainian poultry and egg exports
Japan lifted the ban on poultry and egg exports from Ukraine imposed last year due to the spread of highly pathogenic avian influenza.
Exports of grain and leguminous crops exceed 3M tonnes – Agrarian Policy Ministry
As of August 4, Ukraine’s exports of grain and leguminous crops in the 2021/2022 marketing year (MY, began on July 1, 2021) reached 3.281 million tonnes, which is 42,000 tonnes more than in the same period last MY, Ukrinform reports, referring to the website of the Ministry of Agrarian Policy.
FDI in Ukraine's economy grows by USD 2.7B in H1 2021 – Danylyshyn
Foreign direct investment (FDI) in Ukraine's economy due to the participation of a direct investor in capital increased over six months by USD 2.7 billion, of which USD 2.3 billion was reinvested earnings.
03 August 2021
UIA cuts number of scheduled flights by 49% in H1 2021
Ukraine International Airlines performed 2,039 scheduled flights in January-June 2021, which was 49% less than in the same period of 2020 and 85% less than in the first half of 2019, the company's press service has told Ukrinform.
Ukraine imported USD 165M worth of dairy products in H1 2021 – expert
In the first six months of 2021, Ukraine produced 5.6% less milk than in the same period last year, while the import of dairy products was growing. The level of state support does not meet the needs of the industry development.
Ukraine gets USD 40M in revenue from tourist flow from Arab countries – Tkachenko
Ukraine has already received USD 40 million in revenue from the tourist flow from Arab countries, according to Minister of Culture and Information Policy Oleksandr Tkachenko.
IMF tranche will help Ukraine overcome effects of COVID-19 crisis – Zelensky
A tranche of more than USD 2.7 billion from the International Monetary Fund (IMF) will be a great gift to Ukraine on the eve of the 30th anniversary of independence, President Volodymyr Zelensky has said.
Sales of new cars in Ukraine up 16% in July - Ukrautoprom
Some 9,768 new cars were registered in Ukraine in July 2021, which was 16% more than in July 2020. As Ukrinform reports, the Ukrainian Motor Vehicle Manufacturers Association (Ukrautoprom) has reported.
SkyUp expands fleet to 13 aircraft
A new SkyUp Airlines aircraft arrived at Boryspil International Airport on August 2, according to the airline’s press service.
Ukraine to get about $2.7B from IMF in August - Rashkovan
The International Monetary Fund (IMF) has approved a general allocation of Special Drawing Rights (SDRs) equivalent to $650 billion for the recovery of the global economy, with $2.7 billion to be transferred to Ukraine.
02 August 2021
Large-scale privatization begins this month – Shmyhal
A large-scale privatization, which is planned to replenish the state budget with UAH 12 billion, begins in August, according to Prime Minister of Ukraine Denys Shmyhal.
UBTA, MFA sign memorandum of cooperation
Ukrainian Business and Trade Association (UBTA) and the Ministry of Foreign Affairs of Ukraine have signed a memorandum of cooperation to promote Ukrainian exports to international markets, according to the UBTA press service.
Ukraine, Uzbekistan identify promising cooperation areas
Ukraine and Uzbekistan identified aviation industry, creation of livestock complexes, and silk production in Ukraine as promising cooperation areas.
SkyUp launches three flights to Spain in Aug
The Ukrainian low-cost carrier SkyUp Airlines will start operating flights from Kyiv to Barcelona, Alicante, and Tenerife from the end of August, the airline’s press service reports.
PM Shmyhal assesses Ukraine's readiness for heating season
Ukraine's readiness for the heating season makes up 50%, according to Prime Minister Denys Shmyhal.
NSDC tells Cabinet to look into situation with national railway operator
The National Security and Defense Council of Ukraine has instructed the Cabinet of Ministers to study the latest developments in Ukrzaliznytsia, the national railway operator, and make radical decisions if required.
Ukraine not considering purchasing gas from Russia - Vitrenko
Ukraine is not considering the option of purchasing Russian natural gas and is not holding talks on this issue, Naftogaz CEO Yuriy Vitrenko has said.
31 July 2021
NSDC warns it could introduce interim administrations in regional energy companies
The National Security and Defense Council is looking into introducing interim administrations into privately-owned energy companies if a threat to national security arises.
30 July 2021
Lviv IT company opens office in Dubai
SoftServe, one of Ukraine's largest IT companies, is opening a new office in Dubai to support a rapidly growing number of customers in the Middle East.