Worldwide News Ukraine

Mobile Version
Home About Us Contacts Sitemap
← back

Economy / Business RSS

Headlines Only
December 30, 2011

Ukraine-Lithuania Transport Cooperation: Cargo Trains to Run Regularly

Combined container train Viking and container train Zubr will now run between the two countries starting January 19, 2012. The trains will depart from the stations in Southern Ukraine twice a week to intensify the traffic of goods between the two countries.

December 29, 2011

2011 Energy Roundup: Ukraine Dramatically Increases Coal Production

Ukrainian Minister of Energy and Coal Industry Yuriy Boyko issued a statement that in 2011 Ukraine produced 8.8 percent more coal compared to 2010, reports Bloomberg. This is the first time since 2000 that the country reached such high levels of coal production.

December 27, 2011

Ukrainian Sugar Production Doubles Over 2011

National Association Ukrtsukor (UkrSugar) reports that Ukrainian sugar manufacturing industry produced 50.5 percent more sugar in 2011 compared to 2010. The increased production volume resulted in the surge of Ukraine’s sugar export – the numbers grew by 92.5 percent in 2011 compared to the previous year, according to the Ukrainian Agrarian Business Club.

December 23, 2011

Ukrainian Organic Products Get a Free Pass to the EU

According to the new decision by the European Commission, a Ukrainian body controlling the quality of organic products is entrusted to certify products from third countries for import to the EU. This simplifies the procedure of import of the Ukrainian organic goods to the Union.

December 16, 2011

Control Risks: Ukrainian Security Risks for Doing Business in 2012 Are Low

Just like most of European countries, Ukraine has low security risks for conducting business in the country in 2012. The 2012 ranking of political and security risks for conducting business by country were provided by the Control Risks consultancy in its RiskMap.

December 15, 2011

Most Attractive for Foreign Investment: Ukrainian Agriculture, Energy, Finance, Consumer Goods

Ukrainian agriculture, fuel and energy complex, financial services, and production of consumer goods will become the most appealing sectors of national economy for foreign investments in 2012. Such prediction was made by the President of the American Chamber of Commerce (ACC) in Ukraine Jorge Zukoski in his interview with the Ukrainian Week.

December 14, 2011

Ukraine Will Use Sugar Beet to Increase Biofuel Production

Ukraine’s sugar beet production satisfies domestic demand three times over. The estimated surplus may provide some 4 million tons of biofuel, reported the Minister of Agrarian Policy and Food of Ukraine Mykola Prysyazhnyuk at the press conference in Kyiv. The Ukrainian government has begun the reorientation of the nation’s sugar beet industry, announced the official.

December 13, 2011

Ukraine Joins World’s Top 3 Grain Exporters

The Minister of Agrarian Policy and Food of Ukraine Mykola Prysyazhnyuk stated that Ukraine had improved its grain exporting status. The country upgraded its position on the global grain market due to the improved grain harvest and reduction of limitations on export millage contributing to the remarkable upsurge in Ukrainian grain export.

December 9, 2011

Ukraine to Launch High-Speed Trains in May 2012

Ukraine’s rolling stock will be improved with 10 new high-speed trains in 2012, said the Vice Prime Minister, Minister of Infrastructure of Ukraine Borys Kolesnikov while attending the Inside Ukraine 2011: A Success Story in the Making? conference in London, UK. The new trains produced by the Korean Hyundai Rotem will connect the host cities of EURO 2012 starting May 15, 2012.

December 7, 2011

Poland to Help Enhance EU-Ukraine Agriculture Trade

Today the Minister of Agriculture and Rural Development of Poland Marek Sawicki and the Minister of Agriculture of UkraineMykola Prysyazhnyuk signed a memorandum of cooperation in the agricultural sector. It provides for the deepening of collaboration between the two countries on the adoption of the EU standards in Ukrainian agriculture.

December 7, 2011

EU to Fund the Development of the Ukrainian Crimea

In the next four years the EU will provide EUR 12 million to develop the southern Ukrainian city of Sevastopol and the Crimean peninsula. The funding will be allocated under the Joint Cooperation Initiative in Crimea, adopted by the European Commission this May. Tourism, building social infrastructure and promoting Foreign Direct Investment will be the main beneficiaries of the funds.

December 7, 2011

Australia Contributes to Chornobyl Fund

Australian Minister of Foreign Affairs Kevin Rudd announced that his country would donate one million euros for the Chornobyl Shelter Fund. Minister Rudd made his statement at the OSCE Ministerial Council Meeting in Vilnius on December 6, 2011.

December 1, 2011

European Banks to Allocate USD 310 Million for Modernization of Ukrainian Gas Transit System

European Bank for Reconstruction and Development together with European Investment Bank are ready to commit USD 310 million for modernization of Ukrainian Gas Transport System (GTS), said EBRD director in Ukraine André Küüsvek during his interview with the newspaper Day.

November 30, 2011

Kyiv to Establish Business Incubators

Following the Kyiv Development Strategy 2025 the Ukrainian capital will introduce business incubators, reported Kyiv City State Administration. In December 2011, the city administration plans to adopt the major development plan for the Ukrainian capital for the next 15 years. Besides including programs aimed at accelerating development of new businesses in Kyiv, the strategy includes plans to improve the city infrastructure, introduce more cultural institutions, and employ e-government system.

November 30, 2011

National Projects: Ukraine to Focus on Energy Efficiency

Ukraine plans to include energy efficiency project into the pool of its so-called National Projects - major investment opportunities aimed at repositioning Ukraine on the world’s investment map. The project will consist of thermal rehabilitation of districts and building waste plants, which can be used for converting biomass into energy, reports Ekonomichna Pravda.

November 29, 2011

Ukraine Recognized Attractive for Renewable Energy Investment

Ukraine appeared on the latest Ernst & Young Renewable Energy Country Attractiveness Indices, proving to be an attractive emerging market for renewable energy. The November issue of the respectable index lists solar, wind, and hydropower industries as top renewable energy sectors in Ukraine.

November 23, 2011

Mark Mobius: Ukraine Has a Number of Viable Industries With Growth Potential

Ukraine is one of the more interesting markets due to the variety of its viable industries, according to Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group. The expert also underlined that Ukrainian industries yet have a promising potential of growth.

November 22, 2011

Ukraine Among Top Ten Steel Producers in the World

In October Ukraine increased its steel production by 10.4 percent (compared to September 2011) which secured the country a place in top ten of world’s steel producers in the World Steel Association rating. Ukraine progressed from the tenth position in the rating to the ninth spot.

November 19, 2011

22nd International Jewelry Expo Razzle-Dazzles Kyiv

Jewelry Expo the biggest international jewelry exhibition in Ukraine gathered over 300 Ukrainian jewelers and guests from Italy, China, India, Greece, Turkey, Russia, Belgium, and Poland. This exhibition is the only one in Ukraine that has been accredited by the Global Association of the Exhibition Industry.

November 18, 2011

Ukraine Expands Energy Export by 58 Percent

Ukraine increased the amount of exported energy by 58 percent in the first ten months of 2011 compared to the same period last year. The country boosted its energy exports to Hungary, Moldova, Slovakia, and began supplying energy to Poland. In October 2011 alone Ukraine exported 82.4 percent more energy than in October last year.

November 17, 2011

Ukraine Joins World Liquified Natural Gas Community

Ukraine claimed its place on the world’s LNG market at the World LNG Summit in Rome. Ukrainian delegation, headed by the Deputy Head of the State Agency for Investment and National Projects Vitalii Demianiuk, presented the LNG terminal National Project at the summit.

November 11, 2011

Ukrainian Business Climate Makes it to the Region’s Top Three

Business climate in Ukraine experienced a significant improvement this year, reports Deutsche Welle. The German news resource claims that the sweeping majority of the investors already working in Ukraine – a solid 82 percent – plan to continue business in the country. This development secured Ukraine a spot in the top three on the CEE Business Climate Index compiled by Thomson Reuters and the AustrianOesterreichische Kontrollbank AG.

US CONGRESSMAN — November 8, 2011

Ukraine’s Economy – One of The World’s Most Promising

Ukraine was named one of the world’s five most promising economies by the member of the U.S. House of Representatives Michael Grimm. The congressman made this statement on November 7, 2011, while speaking at the investment conference “Ukraine: The Best Investment Opportunities” in New York. The republican politician noted that the growth of the GDP of Ukraine is steady and faster than that of the US and the EU.

November 8, 2011

German Bankers: Ukraine’s Economy Is Headed in the Right Direction

As a result of the presentation of Ukraine’s investment potential to the German financiers, many of the attending businessmen expressed their interest in cooperation with the country. Consequently, the representatives of Commerzbank AG, Rödl & Partner consulting company, Dusseldorf Chambers of Commerce, M&M Militzer & Münch Holding expressed their interest in investment opportunities in Ukraine.

November 3, 2011

Ukraine Increases Natural Gas Transit by 8.2 Percent

During the first ten months of 2011 Ukraine increased the transit of natural gas through its territory to the countries of Europe and the Commonwealth of Independent States by 8.2 percent. Each and every order from the European consumers for the transportation of natural gas has been executed, according to the director of the United Dispatching Centre of Ukrtransgas AC Andriy Datsyuk.

October 26, 2011

Ukraine to Launch a Rocket From the Brazilian Space Launch Facility

Ukraine’s objective is to complete all the primary work to launch the Ukrainian rocket Cyclone-4 from the facility in the North Western Brazil by 2013, stated President of Ukraine Viktor Yanukovych in his interview with Brazilian newspaper O Globo during his official visit to Brazil on October 23-26. Brazil is responsible for the construction of the launch base while Ukrainian constructors are currently working on the carrier rockets.

October 25, 2011

Largest Solar Plant in Central and Eastern Europe Opens in Ukraine

The 80 MW power plant in Southern Ukraine has opened its fourth, final line and will produce the annual 100,000 megawatt-hours of electricity. The Okhotnykovo solar power plant is the world’s fourth most powerful photovoltaic park after Canadian Sarnia, Italian Montalto di Castro, and German Finsterwalde.

October 20, 2011

EU-Ukraine Association Agreement: Free Trade Zone Negotiations Finalized

Ukraine and the European Union finalized negotiations on free trade zone agreement today in Brussels. The parties agreed upon all the key parameters of the trade related part of the Association Agreement, according to Karel De Gucht, European Commissioner for Trade.

October 13, 2011

Ukraine Becomes World’s Largest Sunflower Oil Exporter

Ukraine has become the number one sunflower oil producer and exporter in the world, reports Erste Bank. In 2010 Ukraine produced 3.3 million tons of sunflower oil, having exported over 90 percent of this amount. The country is now producing the same volume of sunflower oil as the whole Soviet Union, according to the Director of the Ukrainian association of the producers of the vegetable oils Ukroilprom, Stepan Kapshuk.

October 11, 2011

Ukraine’s Major EURO-2012 Arena Reopens After Grand Renovation

The premium class sports complex Olimpiyskyi in the heart of the Ukrainian capital reopens after a major reconstruction. One of the world’s largest sports venues will host the final match of the top level football event – the 2012 UEFA European Football Championship. The opening featured many high profile guests including the President of Ukraine Viktor Yanukovych, Prime Minister Mykola Azarov, Ukrainian football star Andriy Shevchenko, boxing world champion Vitaly Klitchko, as well as pop diva Shakira, who gave a concert at the stadium.

1 2 3 4