Economy / Business 
- March 14, 2013
European Investment Bank: Ukraine – Key Partner Among Eastern European CountriesUkraine became the first out of all Eastern Partnership countries to sign a declaration of intentions with European Investment Bank (EIB) to support educational projects, reported Ministry of Education and Science, Youth and Sport of Ukraine (MESYSU) website. In addition to education EIB has been actively supporting Ukrainian energy and energy efficiency projects as well as transportation and infrastructure development projects.
- March 13, 2013
Ukraine Arranges For Azeri Oil Supplies Starting 2016Ukraine continues to diversify energy imports by making progress in negotiations with Azerbaijan regarding oil supplies to Ukraine and Europe. The first batch of Azerbaijani oil is planned to be shipped to Ukraine in 2016 through the Euro-Asian Oil Transportation Corridor, reported Ministry of Energy and Coal Industry of Ukraine.
- March 13, 2013
Ukraine Receives EUR 600 Million for Nuclear SafetyThe European Bank for Reconstruction and Development will provide a EUR 300 million loan for the comprehensive program of upgrading operating Ukrainian nuclear power plants. In addition to EBRD’s loan, the European Atomic Energy Community (Euratom) will contribute another EUR 300 million to the project, reads ebrd.com.
- March 11, 2013
Ukrainian Firm Prepares to Explore Oil in TunisiaUkrainian company YNG Exploration Ltd received an oil exploration permit from the Tunisian Ministry of Industry. YNG Exploration Ltd obtained the right to research oil deposits south of the North African country. Should the enterprise be successful, Ukrainian company in association with Tunisian Company of Petroleum Activities (Entreprise Tunisienne d’Activites Petrolieres, or ETAP) will tap into discovered oil deposits.
- March 4, 2013
Ukraine Will Export 4 Million Tons of Grain to China in 2013Having received USD 1.5 billion credit from China, Ukraine plans to export back about 4 million tons of grain in 2013 calendar year. Such are the terms of USD 3 billion loan agreement between the Export-Import Bank of China and the State Food and Grain Corporation of Ukraine (SFGCU), reports korrespondent.net.
- March 4, 2013
Ukrainian Gas Transporting System Is Europe’s Most Imortant – Günther Oettinger“Your [Ukrainian] Gas Transporting System (GTS) is the most important in Europe, however, its maintenance and renovation requires considerable investments,” stated European Commissioner for Energy Günther Oettinger in his interview with kommersant.ua. Ukraine has to find the necessary funds taking into consideration its commitments to the European Energy Community (EEC), such as providing the third parties with an access to the GTS, added Oettinger. The commitment becomes especially important given the prospects of commercial shale gas production and reverse-flow technologies in Ukraine.
- March 4, 2013
Ukraine Increases Its Energy Independence – Ukrainian PresidentTo increase its energy security the country plans to improve its energy efficiency, develop alternative energy sources and diversify energy import, said President of Ukraine Viktor Yanukovych at the press conference dedicated to his three years in office. The inflated price of Russian gas affects the economy of Ukraine and causes the country to lose about USD 6 billion annually, according to the president.
- February 28, 2013
Ukraine Pioneers Stem Cells Treatment Among CIS CountriesUkraine became first among the Commonwealth of Independent States to grant state registration to the stem cell therapy. Ukraine licensed the treatment in three areas: chronic ischemia of the extremities, necrotizing pancreatitis, trauma and burns. This was reported at the Ukraine’s Ministry of Health conference on the progress in stem cell treatment in the last five years.
- February 26, 2013
EU Commits EUR 610 Million to Ukraine in Macro-Financial AssistanceThe EU agrees to provide balance-of-payments support to Ukraine within its policy instrument of macro-financial assistance. The total of EUR 610 million, provided under the program, is to complement financing supplied by the IMF. The respective agreement between Ukraine, and the EU was signed during the 16th Ukraine – EU summit, held in Brussels, Belgium, on February 25, 2013.
- February 25, 2013
EU Will Help Ukraine Diversify Gas Supplies – Ukrainian Energy MinisterThe European Union will assist Ukraine in diversifying natural gas supplies, noted today Ukraine’s Minister of Energy and Coal Eduard Stavytskyi at the 16th EU-Ukraine Summit in Brussels. According to the minister, this should influence the current price Ukraine is paying for Russian gas.
- February 22, 2013
Ukrainian Poultry Debuts on EU MarketUkraine has just received a green light to export eggs, egg products and poultry meat to the European Union market, reports Ministry of Agrarian Policy and Food of Ukraine.
- February 21, 2013
Ukraine Joins Georgia, Bulgaria in TASIM ProjectUkraine, Georgia and Bulgaria will join in on the Trans-Eurasian Information Super Highway (TASIM) project which is to increase the speed of internet connections, develop internet services, help promote informational outreach which may further result in the development and diversification of national economies in the region.
- February 20, 2013
Czech Company Plans to Invest 400 MLN Into Solar Plants in UkraineCzech group of companies Ekotechnik Czech plans to invest EUR 400 million into the construction of solar power plants in the Khmelnytskyi oblast, Ukraine. The total installed capacity of solar plants in the region will reach 160 MW, reported the Khmelnytskyi Oblast State Administration.
- February 15, 2013
Ukraine to Build Two Bridges and an Airport in TurkmenistanHaving built the Atamurat-Kerkichi Bridge in Turkmenistan, Ukrainian engineering and construction company won three more bids to develop Turkmen infrastructure worth nearly USD 1 billion. The bids stipulate the construction of an airport, and ofan automobile and railway bridges. The news was made public during the official unveiling of the 1.5 kilometer bridge connecting the two Turkmen cities Atamurat (formerly known as Kerki) and Kerkichi on February 14, 2013.
- February 14, 2013
Turkish Airlines Plan to Up Ukraine-Turkey Passenger Flow 40%One of the world’s leading airlines, Turkish Airlines, plans to increase passenger flow between Ukraine and Turkey by 40 percent. In 2012, the annual passenger flow between the two countries exceeded 500,000 passengers, while in 2013 the airline aims to reach 700,000. Additionally, Turkish Airlines aim to open regular flights from Turkey to eastern Ukrainian city of Kharkiv and from Ukraine to the Turkish capital Ankara.
- February 14, 2013
Poland Will Build New Gas Pipeline to UkrainePoland plans to invest EUR 1.1 billion in the construction of gas pipelines, which will connect the Baltic LNG terminal in Świnoujście with Ukraine, Czech Republic and Slovakia. Such statement was made by the state gas transportation company Gaz-System, reported Deutsche Welle.
- February 14, 2013
Shell Ukraine Regards Improvement of Investment Climate in the Country“I believe that Ukraine fills me with optimism,” said Graham Tiley, Shell Ukraine Country Chairman during his press conference in Donetsk on Tuesday, February 12, 2013, reports Ukrinform.
- February 13, 2013
Ukrainian Food Conquers Global MarketsUkrainian government reports the 18.3 percent increase of Ukraine’s food export in 2012. Its total worth reached USD 8.8 billion, informed Oleksandr Sen, Deputy Minister of Agrarian Policy and Food of Ukraine. Interestingly, every other ton of sunflower oil sold at the global markets is made in Ukraine, added the official.
- February 13, 2013
Israeli Ambassador: Ukraine-Israel Free Trade Agreement May Be Signed This SpringThe approximate date of signing of the Free Trade Agreement between Israel and Ukraine is this spring, stated the Israeli Ambassador to Ukraine Reuven Dinel in a recent interview with Vesti.
- February 7, 2013
EBRD to Help Ukraine Get Into Top-100 in Doing Business RankingThe European Bank for Reconstruction and Development shares Ukraine’s ambitions to be among top-100 countries of the World Bank’s Doing Business ranking and would like to help Ukraine achieve this goal, said President of EBRD Suma Chakrabarti after the meeting with President of Ukraine Viktor Yahukovych.
- February 7, 2013
Ukraine Says No to USD 7 Bln Bill from GazpromUkraine has officially refused to acknowledge the USD 7.09 billion bill sent by Russian gas giant Gazprom in January 2013. Gazprom argues Ukraine owes the company money for the 16.7 billion cubic meters of gas Ukraine did not consume under the take-or-pay system, provided by the 2009 contract between the parties. Ukraine insists it obeys the contract and provided Russian company with a timely notice regarding predicted the cut in gas consumption in 2012.
- February 5, 2013
US Official: Ukraine – Future Energy Hub of Eastern EuropeCurrent reforms that are taking place in Ukraine may transform the country into an important energy hub of Eastern Europe, said the State Department’s Special Envoy and Coordinator for International Energy Affairs Carlos Pascual during his meeting with the Prime Minister of Ukraine Mykola Azarov.
- February 4, 2013
Europe’s Top Corn Supplier – Ukraine Ups Export by 21.5%As of February 3, 2013, Ukrainian corn producers exported 7.95 million tons of corn – 1.4 million tons more than last year in a year-on-year comparison, informed the Agrarian Ministry of Ukraine. Following the world’s leading corn exporters – the U.S., Argentina, and Brazil, Ukraine became top corn supplier among European countries.
- January 28, 2013
Ukraine Rewarded With USD 500 MLN for Peacekeeping EffortsSince the declaration of the independence of Ukraine in 1991, more than 40,000 Ukrainians participated in 28 peacekeeping operations across the globe. For this work, the UN paid USD 500 million to the Ukrainian budget as a compensation for the peacekeeping operations carried out by the Ukrainian military and expert teams, informed Serhiy Hrabsky, Chairman of the All-Ukrainian Association The Union of Peacekeepers.
- January 25, 2013
Ukraine, Shell Gas Deal Stirs News WorldBBC, Financial Times, The Globe and Mail, The New York Times, Reuters, The Wall Street Journal and a number of other global media representatives draw public attention to the signing of the production sharing agreement between Ukrainian government and the Royal Dutch Shell. According to the agreement, Shell and Ukrainian state company Nadra Yuzivska have equal shares in the enterprise – 50 percent.
- January 23, 2013
Ukraine Europe’s Top Freelance Country – ElanceUkraine took the fourth spot in the global online earnings rating, becoming the top European country on the list of the global online employment platform Elance. Total lifetime earnings by Ukrainian freelancers exceeded USD 38 million, with nearly USD 35.7 million gained by the IT industry, states the report.
- January 22, 2013
Germany Pours Funds Into Ukrainian BusinessThe German banking group KfW will provide a EUR 10 million loan for investment projects in Ukraine and a EUR 2 million grant for the support of small and medium businesses, informs Ukraine’s National Bank. The respective agreement between the KfW and the Ukrainian Ministry of Finance regulates limitations on loan interest rate. The limitations will make the provided money more accessible to the Ukrainian businesses.
- January 21, 2013
Ukraine Considers Importing Gas From SlovakiaUkraine is exploring two additional options of reverse gas supply from Europe, stated the Minister of Energy and Coal Industry of Ukraine Eduard Stavytskyi on January 18, 2013, not disclosing the said options. At the same time, kommersant.ua reports German RWE may provide Ukraine with gas from Slovakia, citing the source in the ministry. Additionally, Ukraine could import gas through Turkish LNG terminals.
- January 18, 2013
Ukraine Regions Vote In Favour of PSA With ShellThe Donetsk and Kharkiv regional administrations voted in favor of the production sharing agreement with the oil and gas company Royal Dutch Shell. The document features ecology, social and other requirements for the investor and regulates the relationship between the investor and the state. According to the agreement, Shell will hand over 31-60 percent of the extracted gas to the Ukrainian state.
- January 17, 2013
Ukrainian President Aims for Top 100 in World Bank’s Doing Business RatingThe President of Ukraine Viktor Yanukovych stated that by 2014 Ukraine would secure a place among the first 100 countries on the World Bank’s Doing Business report. According to the President, the country has to simplify licensing procedures and decrease the number of audits of businesses by the authorities.