Economy / Business 
- May 14, 2012
Donetsk Unveils New Airport Terminal 
Country officials open the renewed terminal at Donetsk international airport in Ukraine just in time for EURO 2012. The renewed airport boasts a seven-storey terminal capable of servicing up to 3,100 passengers per hour (compared to 700 prior to the reconstruction), reads the statement by Ukraine’s Infrastructure Ministry.
- May 12, 2012
Shell and Chevron Win Ukraine Public Bid for Shale GasTwo of the world’s largest oil companies Royal Dutch Shell plc and Chevron Corp obtained the right to develop Ukrainian shale gas fields Yuzivske and Oleske, respectively, informed Prime Minister of Ukraine Mykola Azarov in his interview with Euronews. The fields are expected to provide Ukraine with up to ten percent of domestically consumed natural gas by 2020.
- May 11, 2012
52.6% Electricity Export Growth for UkraineUkraine’s electricity export increased by 864.1 GWh in January – April of 2012. The total amount of electricity exported during the period equaled 2,507.7 GWh. In 2012 Ukraine provided energy to Belarus, Hungary, Moldova, Poland, Romania, and Slovakia.
- May 11, 2012
Ukraine Starts Negotiations with German RWE for Gas ImportsUkraine’s state owned OJSC oil and gas company Naftogaz signed a framework agreement with the Germany’s RWE Supply & Trading GmbH (RWEST) concerning gas supplies, according to the press service of Naftogaz. The agreement provides legal grounds for future natural gas supplies from RWEST to Ukraine.
- May 7, 2012
Ukraine Open to Joining Trans-Anatolian Gas PipelineUkraine is ready to participate in the construction of the Trans-Anatolian gas pipeline from Azerbaijan through Turkey to Europe. Ukraine wants to “both make a financial contribution and provide pipes and compressor stations,” said Ukrainian Prime Minister Mykola Azarov during the meeting with Turkish Deputy Prime Minister Ali Babacan.
- April 26, 2012
Lowest Inflation Rate for Ukraine Since 2003The National Bank of Ukraine reports the annual Consumer Price Index inflation deceleration in the country to reach 1.9 percent. This is the lowest index in the last nine years. It ensued from the lesser CPI growth of only 0.3 percent in March of 2012. These macroeconomic results were achieved through moderate monetary and fiscal policies, reads the statement by the NBU.
- April 26, 2012
Ukraine Intends to Diversify Natural Gas ImportReverse use of existing gas pipelines and trans-Caspian project have been identified as Ukraine’s major ways to diversify sources of gas supply. Currently, Ukraine imports up to 70 percent of natural gas from Russia at a price exceeding USD 500 per thousand cubic meters. Minister of Economic Development and Trade Petro Poroshenko believes that diversification of gas supply would increase energy security of Ukraine.
- April 24, 2012
Ukraine Nearly Doubles Grain ExportUkraine exported 17.3 million tons of grain since the beginning of the current marketing year (starting July 2011). This amount is 88.7 percent larger than the respective export volume reached over the same period in the previous marketing year (2010-2011), reports Interfax. Corn export demonstrated the fastest growth rate – it increased more than threefold.
- April 18, 2012
Ukraine, Jordan Expand Agricultural CooperationUkraine and Jordan strengthen bilateral cooperation in the agricultural sector, reports the press service of Ukraine’s Ministry of Agriculture and Food Policy. The two countries have signed an agreement regarding construction of elevator facilities in Jordan, which would increase the supply of grain in the country as well as the neighboring states. The agreement was reached during the state visit of Ukraine’s President Viktor Yanukovych to Amman, Jordan.
- April 12, 2012
Michel Platini: EURO 2012 in Ukraine - True Holiday for Football FansThe UEFA President Michel Platini expressed his admiration for Ukraine’s preparation to host EURO 2012 championship. Platini, together with the President of Ukraine Viktor Yanukovych participated in the opening ceremony of the new international terminal at the Lviv Danylo Halytskyi airport.
- April 10, 2012
Relations Between NGOs and the Government in the Third World Countries – Evolution or Devolution?Non-governmental organizations follow the suit. From a friendly third sector they evolved into larger and savvier players on the political and economic arena. In the third world countries the tendency seems to be most noticeable. The local governments can no longer ignore NGOs. But how will this relationship proceed further?
- April 9, 2012
Agribusiness Investments Increase – EBRD Director for UkraineThe volume of investments into Ukrainian agrarian business demonstrated steady annual growth, stated the EBRD Director for Ukraine Andre Kuusvek in his interview with Delo. In 2009 EUR 138 million have been invested into Ukrainian agribusiness, two years later – in 2011 – the number grew by 37.7 percent (up to EUR 190 million), he commented.
- April 5, 2012
Ukraine Supports Trans-Caspian Gas Pipeline ProjectUkraine is ready to invest up to EUR 790 million into the trans-Caspian gas pipeline project. The investment will be made under the condition that an offshoot to the Georgian oil port of Kulevi in the eastern coast of the Black Sea is built. Kyiv plans to transport liquefied natural gas from Kulevi by tankers to south Ukrainian LNG Terminal Yuzhny, reported press office of the Prime Minister of Ukraine Mykola Azarov. The new gas pipeline is supposed to go through the territory of Azerbaijan and Georgia, bypassing Russia.
- March 28, 2012
Canada, Ukraine Ready for Free TradeMinisters of Foreign Affairs of Canada John Baird and Ukraine Kostyantyn Gryshchenko discussed the prospects of signing a free trade agreement between Canada and Ukraine during the Nuclear Security Summit in Seoul, South Korea. Both countries are ready to further the negotiations on the issue.
- March 27, 2012
Ukraine Boosts International Trade 40% in 2011In 2011 Ukraine increased its international trade by 40 percent, reported the Chairman of the State Customs Service of Ukraine Ihor Kaletnyk. The total amount of international trade of Ukraine in 2011 reached USD 152 billion.
- March 23, 2012
Ukraine’s PM Reports on Economy DeregulationAs of today a new business entity may be registered in Ukraine within three days, said Ukrainian Prime Minister Mykola Azarov when visiting the Warsaw Stock Exchange in Poland. Ukrainian government actively pursues deregulation and works on reducing administrative impact on business, stated the prime minister.
- March 6, 2012
World Bank Supports Reforms in UkraineWorld Bank supports the program of reforms in Ukraine, stated the World Bank Vice President for the Europe and Central Asia Region Philippe Le Houérou at his meeting with the President of Ukraine Viktor Yanukovych. Philippe Le Houérou visited Ukraine on March 5-6 to introduce the new World Bank Director for Ukraine, Belarus, and Moldova – Qimiao Fan – to the Government of Ukraine and development partners.
- March 3, 2012
Ukraine Makes Payment of USD 575 Million on IMF Stand-by LoanUkraine paid off USD 575 million to the IMF for the first tranche of the stand-by agreement loan. This was stated by the Director of the General Department of Monetary Policy of the National Bank of Ukraine, Olena Shcherbakova, when commenting on how Ukraine serviced its external debt.
- March 2, 2012
Ukraine Joins World’s Top 5 Space CountriesUkrainian State Space Agency informed that in 2011 Ukraine joined China, the EU, Russia, and the USA becoming one of the top five space rocket launching countries in the world. Since 1991 Ukraine grew into a significant player in the field of space industry, having launched 125 rockets and delivered into orbit 238 satellites that belonged to 19 countries.
- February 28, 2012
Germany Interested in Ukrainian Gas Storage Facilities“At the moment a meeting with [the representatives of] a German company is taking place. They expressed interest [in renting Ukrainian gas storage facilities] and offered us a deal,” said Vadym Chuprun, Deputy Chairman of the Board of the NJSC “Naftogaz”. He noted that several other European companies also expressed their vivid interest in the gas storing opportunity presented by Naftogaz.
- February 27, 2012
China to Assist Ukraine in Biofuel ProductionChina expressed its interest to invest in ethanol biofuel production in Ukraine, informed Oleksander Tokar, Head of the Main State Inspection for Plant Protection of Ukraine. The plan provides for the conversion of 10 to 11 unprofitable Ukrainian alcohol plants into ethanol production plants. Chinese partners will provide equipment, technology, and financing (supposedly – USD 120 million) for the new project.
- February 24, 2012
Ukrainian Cities Top the Lists of the Cost Effective Investment Destinations in EuropeFinancial Times’ fDi Intelligence Unit has released their annual European Cities and Regions of the Future 2012/2013 report. According to the new document, seven Ukrainian cities topped the list of most cost effective destinations for investment. The Western Ukrainian city of Ternopil ranked as the best European city for cost effectiveness.
- February 24, 2012
Ukraine to Get Own Unit of UN International PPP Center of ExcellenceThe United Nations International PPP Center of Excellence in Ukraine will soon open in Ukraine to facilitate state-business cooperation, reports the State Agency for Investment and National Projects of Ukraine.United Nations Economic Commission for Europe will help create the center that will contribute to providing better environment for investors in the country.
- February 24, 2012
Ukraine Is the Key Gas Transit Country for Europe – EU Commission RepresentativeEuropean commission spokesperson on energyMarlene Holzner stated that Ukrainian gas transporting system is one of the main pipelines to deliver gas to Europe. “Unique geographical location of Ukraine and its gas storage capacities mean that Ukraine can offer increased flexibility of gas supply,” said Marlene Holzner, reported Interfax Ukraine.
- February 23, 2012
Bloomberg: Ukraine Expects USD 5 Billion Investment in Renewable EnergyIn five years investment in Ukrainian market of renewables, including wind, biomass and biofuel energy, may reach USD 5 billion, stated Vitaly Daviy, the head of the Association of Alternative Fuel and Energy Market Participants of Ukraine in his interview with Bloomberg.“There’s a lot of interest from local and international companies right now in the Ukrainian solar market,” said Daviy.
- February 22, 2012
Ukrainian-Iranian Company Invests USD 800 Million in Oil FieldsThe Joint Ukrainian-Iranian company Inter Naft Gas Prom Pars signed a USD 800 million contract with Petroleum Engineering and Development Company, Iran. INGP Pars will invest in development of oil fields Koohmond, Boushkan, and Kouhkali in Iran, said Ahmad Qalebani, managing director of the National Iranian Oil Co. The estimated volume of oil reserves in the fields exceeds 2 billion barrels, reports Fars News Agency.
- February 22, 2012
Ukraine to Cooperate With China on Electromobile ProductionUkrainian association of automobile producers Ukrautoprom is currently negotiating the possibility of joint electromobile production with the China Association of Automobile Manufacturers. According to the President of Ukrautoprom Mykhailo Reznik, the negotiations have reached their final stage. China may become the partner in creation of the national Ukrainian electrocar, he said in an interview with Liga.net.
- February 22, 2012
Ukrainian Capital to Attract USD 1.5 Billion in InvestmentsThe Head of the Kyiv Regional State Administration Anatoliy Prysyazhnyuk signed a number of international cooperation and investment agreements that secure USD 1.5 billion investments in the Kyiv region. The respective memorandums were inked at the International Investment Forum that marked the 80th anniversary since Kyiv oblast was created.
- February 22, 2012
Ukraine 2012-2014 Privatization Program Set to Raise USD 5 to 7.5 BillionThe State Privatization Program for 2012-2014 stipulates the decrease of the share of the state-owned sector in Ukrainian economy until it reaches 25-30 percent of the GDP. The Law of Ukraine on the respective Program has come into effect. Estimated income from the sale of national companies to domestic and foreign investors over three years is estimated at USD 5 to 7.5 billion.
- February 16, 2012
Ukraine’s 1.9% Unemployment Rate Is the Lowest in EuropeSince the beginning of the year the rate of registered unemployment in Ukraine has increased by 0.1 percent totaling 1.9 percent. At the same time the seasonally-adjusted unemployment rate for the euro area (17 countries) was 10.4 percent; the EU (27 countries) unemployment rate amounted to 9.9 percent (as of December 2011).