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December 27, 2013

Ukraine Boasts Achievements in the Energy, Infrastructure, Agricultural and Social Sectors in 2013

Breakthroughs in energy, infrastructure, economy, social and agricultural sectors as well as creation of favorable opportunities for starting business were Ukraine’s greatest accomplishments in 2013. Such statement was released by Prime Minister Azarov at the last planetary session of the Cabinet of Ministers of Ukraine, taking place on December 25, 2013.

December 25, 2013

Ukraine’s Enhanced Hydropower Station Spearheads European Pumped Storage Power Facilities

Ukraine just launched the second hydroelectric generator at the Dniester Pumped Storage Power Station aiming to become one of the most powerful hydro accumulation power plant in Europe and sixth largest in the world.

December 24, 2013

Ukraine, Russia Enhance Economic Cooperation

Ukraine and Russia have agreed to deepen cooperation in the aviation, shipbuilding, space and infrastructure industry.

December 12, 2013

Under Common Sky: Ukraine, EU Sign Aviation Treaty

Signed at the Eastern Partnership Summit in Vilnius on November 28-29, 2013 the Common Aviation Area treaty will break the aviation borders, securing constant aviation flow between Ukraine and the European Union.

December 6, 2013

China and Ukraine Enhance Cooperation in Aviation Industry

Ukraine and China signed a memorandum of cooperation in the area of design and production of aviation engines and components.

December 6, 2013

Ukraine, China Sign Agricultural Export Treaty

Barley and soybean will become main agricultural products, imported from Ukraine to the Chinese market as an outcome of Ukrainian president’s visit to China on December 3-6, 2013. The signed treaty will be implemented starting 2014 and will benefit the economies of both parties.

December 6, 2013

Ukraine Escalates 5 Positions in Forbes Business Rating

Ukraine moved up five positions in the Best Countries for Business 2013 list, put together annually by Forbes. This year the country was placed as number 99 out of 145 countries. At the same time Ireland is on top, while New Zealand slid one point down and now ranks as number two. Hong Kong ranked third overall for the second year in a row.

December 5, 2013

Ukraine’s Solar Energy Sector Remains Most Attractive in Eurasia – Canadian Experts

Ukrainian Solar Energy is very lucrative opportunity from the business standpoint in Eurasia region, report the analysts of the Canadian company Energici Holdings.

November 27, 2013

President Yanukovych’s Move Lowered Ukraine’s Risk of Default – Bloomberg

Ukraine’s financial risks have been considerably reduced due to the stalled Association Agreement talks with the EU.S.ch was the analysis released by Bloomberg (agency) on November 25, 2013.

November 26, 2013

Ukraine Government – EU Continue Regional Cooperation

Ukraine’s Cabinet of Ministers will continue cooperating with the EU at the regional scope. This was stated by the First Deputy Minister of Economic Development and Trade of Ukraine, Anatoliy Maksyuta, at the Regional Development and Public Policy Forum in Kyiv.

November 22, 2013

Ukraine Remains Top 10 Steel Producer in the World

By October 2013, Ukrainian steelmakers increased steel production by 1.2 percent up to 2.628 million tons compared to the same month last year while retaining the 10th place on the list of the world’s largest steel manufacturers, reports the World Steel Association.

November 21, 2013

Ukraine Outpaces 19 EU States in Youth Employment

The Eastern European state of Ukraine ranks number ten in Europe by the youth employment rate. Ukraine is a runner-up to Sweden and Estonia, while it is ahead of other 19 EU member-states. This was stated by the Minister of Social Policy of Ukraine, Natalia Korolevska, at the parliamentary hearings at Verkhovna Rada.

November 14, 2013

79% of Ukrainian Businesses Take Advantage of Broadband Internet Access – Google & GfK

Internet gives exceptional marketing and communication opportunities for businesses, reckons global IT giant Google policy analyst William Fitzgerald. Ukrainian branch of the company cooperated with market research company GfK Ukraine to explore the influence of Internet on the Ukrainian economy. They concluded that Ukrainian businesses more reliant on the Internet, on average, suffered from the 2012 economic decline 6.6 percent less, compared to their less connected peers.

November 8, 2013

Ukraine’s Agribusiness Attracts Foreign Investors

Ukrainian agricultural sector and projects aimed at producing eco-products continues to attract foreign investors. Such conclusion was drawn by the experts and participants of the II international investment road-show Invest in Ukraine 2013 which took place in London, United Kingdom.

November 7, 2013

Ukraine Fights Corruption and Improves Business Environment - President Yanukovych

Ukrainian government is set to continue conducting strict anti-corruption policy, protect investors and create comfortable conditions for business development.

November 5, 2013

Ukraine-Chevron Sign Hydrocarbons Sharing Agreement

Ukrainian government signed shale gas production-sharing agreement (PSA) with Chevron of the U.S. and Ukraine’s state owned Nadra Oleska. The PSA stipulates the distribution of hydrocarbons to be extracted at Oleske gas field, reports president.gov.ua.

October 31, 2013

Ukraine’s Energy Sector Spikes Interest of Foreign Investors

European energy companies Eni (Italy) and Électricité de France (France) confirmed their readiness to invest in Ukraine during their meeting with the President of Ukraine Viktor Yanukovych. Moreover, Ukraine and Électricité de France signed a memorandum of understanding on cooperation in the areas of gas industry and electricity. Ukraine is aiming to achieve energy independence by increasing its own energy production, stated President Yanukovych during the meeting.

October 29, 2013

Doing Business 2014 Report: Ukraine Is Most Improved Economy This Year

The World Bank and the IFC experts have acknowledged tremendous progress of Ukraine in simplifying conditions for doing business. Having leaped 25 positions since last year, the country is ranked 112 among 189 economies in the Doing Business 2014 report.

October 28, 2013

Ukrainian Bank Presents First Ever Proximity ATM

Ukrainian bank PrivatBank presented the first ever proximity ATM at the Moscow conference Money of the Future. The revolutionary device will allow withdrawing cash from a bank account using a phone instead of increasingly vulnerable to fraud regular ATM. The new ATM operates on Android OS and is cheaper than regular machines.

October 25, 2013

Crimea to Feature Largest Wind Power Station in Eastern Europe

Ukraine will soon house one of the largest wind power plants in Eastern Europe. Such statement was made by the Deputy Chairman of the Council of Ministers of Crimea Rustam Temirhaliyev during the wind farm project presentation at the IV International Black Sea Economic Forum. This project is jointly funded by investors from Turkey and Belgium, reported Ukrinform.

October 24, 2013

US Ambassador: Association with EU Will Stimulate Ukraine’s Economy

U.S. supports Ukraine’s European aspirations and expects that the Association Agreement (AA) and establishing the free trade area with the EU will provide a significant impetus to the development of Ukraine’s economy and attract investments. Such statement was released by the U.S. Ambassador to Ukraine Geoffrey Pyatt, as reported by Unian.

October 23, 2013

Ukraine Shows Progress in Preparation for EuroBasket 2015

The Ukrainian Basketball Federation (UBF) finalized negotiations and signed the agreement with United Basketball Investments (UBI) which undertook the obligation to put four out of six EuroBasket 2015 venues in Ukraine into operation by the second quarter of 2015.

October 15, 2013

Ukrainian Gas Pipe – Among EU’s Key Energy Infrastructure Projects

A project involving Ukrainian gas transport system has made it to the list of 250 key energy infrastructure projects, adopted by the European Commission on October 14, 2013. The projects will receive funding of EUR 5.85 billion during 2014-2020. Financing these energy infrastructure projects would create most benefits to European consumers, according to EU Energy Commissioner Günther Oettinger.

October 14, 2013

EU Commissioner: Ukraine’s GDP Will Increase 6 percent After Signing Association Agreement

Once the free trade regime between the EU and Ukraine is fully introduced the GDP of the latter is bound to increase by more than six percent annually. Such statement was made by the European Commissioner for Enlargement and European Neighborhood Policy Štefan Füle during the roundtable discussion in the Ukrainian parliament.

October 10, 2013

Austrian Ambassador: Ukraine’s Competitive Advantage - Workforce, Infrastructure, Land

Possessing highly skilled workforce, transport infrastructure and fertile land, Ukraine can compete in the European market.

October 8, 2013

EU Ratifies Satellite Navigation System Agreement With Ukraine

The European Parliament has ratified the Cooperation Agreement on a civil Global Navigation Satellite System (GNSS) between the European Community and its Member States and Ukraine. The cooperation, stipulated by the agreement, involves scientific and industrial cooperation, trade and market development in the field, GNSS security, information exchange, and coordinating standards, as well as development of global and regional GNSS ground augmentation systems.

October 1, 2013

Europe’s Largest Predicted Emerging Markets in Photovoltaics: Holland and Ukraine

Decrease in cost and supportive government policies will contribute to the dramatic growth of installed photovoltaic capacity by 2017 in such emerging photovoltaics markets as Thailand (forecast 2.9 GW to be installed within the next four years), Turkey (2.8 GW), South Korea (2.6 GW), as well as Ukraine, Chile, and the Netherlands (2.2 GW each by 2017), reports PV Tech. The overall installed photovoltaic capacity will increase from 3.9 to 10.9 GW, predict the IHS experts.

September 30, 2013

Ukraine Will Face Economic Growth After Signing Association Agreement – Swedish Economic Expert

Ukraine should expect economic recovery, as it was in Poland, after the signing of the Association Agreement and free trade area agreement with the EU.

September 26, 2013

Ukraine Signs Treaty With Leading Oil and Gas Exploration Companies

Ukraine has concluded the treaty on signing the hydrocarbon sharing agreement within Skifske field.

September 25, 2013

Ukraine Helps US Launch New Spaceship

Ukrainian rocket scientists helped U.S. launch a spaceship to deliver the cargo to the International Space Station (ISS).

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