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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).

September 18, 2013

Ukraine Is Largest Wheat Supplier to South Africa

In the current season, Ukraine has become the main wheat supplier to the Republic of South Africa, reports Bloomberg. Ukraine provided 23 percent of the country’s wheat import, which exceeded 1.2 million tons. Ukraine delivered to South Africa the most wheat in the week through September 13, 2013 – more than 53 thousand tons. This is the largest wheat import for South Africa since the week through March 29, 2013, when the country imported more than 56 thousand tons of the cereal from Brazil.

September 13, 2013

Multinational Oil and Gas Company Sanctioned to Start Operations in Ukraine

Royal Dutch Shell signed an agreement with the Ukrainian government, which gives green light to the company’s operation in Yuzivske gas field. The document was signed within the framework of the 2012 Agreement on distribution of hydrocarbons extracted from the Yuzivske field. Notably, along with conventional natural gas, the company plans to extract both shale gas, and tight gas.

September 11, 2013

Ukrainian Naftogaz and RWE Sign New Agreement

A new agreement between German electric utilities company RWE and Ukrainian state oil and gas managing company Naftogaz has been signed on September 5, 2013, informed Eduard Stavytskyi, Minister of Energy and Coal Industry of Ukraine, as quoted by rbc.ua. The newly signed document regulates both gas supply to Ukraine and gas storage in the Ukrainian underground facilities, reports Unian.

September 4, 2013

Ukraine Welcomes 24,000 Hasids for Traditional Holiday

More than 24,000 hasids - members of Orthodox Judaism movement - arrived to the central Ukrainian town of Uman for the celebration of the 5,774th Jewish New Year Rosh Hashanah (September 4-5, 2013). About 30,000 pilgrims from 24 countries are expected to make Uman to kneel at the grave of the founder of the Breslov Hasidic movement Nachman of Breslov.

August 26, 2013

IT Brings Promising Perspectives For Ukrainian Economy

Ukraine remains one of the most important IT outsourcing destination countries in Eastern Europe.

August 23, 2013

Ukrainian World Congress: European Integration – Key to Ukraine’s Independence

Ukraine’s immediate integration into Europe is essential for promoting equal relations and independence. This year is very critical in terms of determining whether Ukraine goes forward toward Europe or back to the Soviet times.

August 21, 2013

Ukraine Expands Sources of Reverse Gas Supply - Energy Minister

Ukraine continues to diversify the sources of gas import by expanding the routes of reverse supply of gas, said Minister of Energy and Coal Industry of Ukraine Eduard Stavytskyi. Soon, he said, Ukrainian government will open two more reverse gas supply routes through Romania and Slovakia.

August 20, 2013

FSI: Ukraine – Most Stable Post-Soviet Country

Ukraine was recognized the most stable country among almost all of the post-Soviet states, excluding Lithuania, Estonia and Latvia, who are now members of the EU. American Fund for Peace’s stability rating – The Failed States Index 2013 – includes 178 countries with Ukraine being number 117 (the higher the number – the better; from red to green). According to the index, the situation in Ukraine is much better than in Russia, Belarus, Georgia, Kazakhstan, Armenia, Moldova, Turkmenistan or any other country of the former USSR.

August 16, 2013

Ukrainian Helicopter Pilots Set World Record

Ukrainian pilots set a world record for helicopters with lifting capacity of up to 10 tons (22,046 lb) by breaking the 9,150 meters (over 30,000 feet) altitude barrier on the Mi-8MSB helicopter.

August 15, 2013

Ukraine Cuts Gas Imports by 35%

In January – June 2013 Ukraine managed to reduce its gas import by more than 35 percent compared to the same period in 2012, according to the State Statistics Service. In the first six month of 2013 Ukraine has imported 10,296 billion cubic meters of gas at a price tag of USD 4.334 billion. Notably, most of the Eastern European country’s gas import still comes from Russia.

August 13, 2013

U.S. Will Help Ukraine Increase Energy Independence

Supporting Ukraine’s aspirations to achieve greater energy independence remains one of the major priorities of the newly appointed U.S. Ambassador to Ukraine Geoffrey R. Pyatt.

August 13, 2013

INTERVIEW: Insider’s View Into Doing Business in Ukraine

We met up with TMF Group’s managing director in Ukraine Pavlo Boyko to talk about applied aspects of doing business in Ukraine and actual experiences foreign investors have in the Eastern European country.

August 8, 2013

Ukraine Produces World’s Greatest Amount of Honey Per Capita

In 2012, Ukraine produced more than 70,000 tons of honey, becoming one of the world’s largest honey producers. Per capita honey production in Ukraine reached 1.5 kg, which is the best result in the world, according to AgriEvent. In 2012, Ukraine exported 13,000 tons of the product and forecast for 2013 is around 20,000 tons.

August 7, 2013

IGC Improves Corn Export Forecast for Ukraine

One of the world’s largest corn exporters Ukraine is likely to export 15.5 million tons of corn in 2013/2014, according to the International Grains Council. The organization improved Ukraine’s forecast by one million as its production prognosis rose from 23 to 24 million tons.

August 2, 2013

Ukrainian Television Show Airs in South Korea

Starting today the production of Ukraine’s National Television Company – How Does It Work? show – will be aired by South Korea’s broadcaster Arirang TV. On the other hand, the feature films aired by the Korean broadcaster will run on Ukraine’s First National TV channel as a part of the Korean Films Week project in September 2013. This decision came as a result of the long term bilateral cooperation, reads kmu.gov.ua.

July 30, 2013

Ukraine’s Banking System Approaches EU Standards – Banking Expert

The system of establishing bank reserves – Basel II, which has been introduced in Ukraine early in 2013, has led the country’s banking system closer to European standards, said the president of the Ukrainian analytical center Financial Technologies Oleksandr Okhrimenko.

July 29, 2013

Ukraine – Appointed Tourism Coordinator for BSEC

Ukraine acquired the status of BSEC Working Group on Tourism coordinator for the two-year term (until June 30, 2015). The respective decision was made at the 28th meeting of the Organization of the Black Sea Economic Cooperation foreign ministers in Odesa, reads kmu.gov.ua. Notably, Ukraine was selected as BSEC tourism coordinator shortly after the end of its term as a chair of the organization.

July 18, 2013

EU Gives Green Light to Ukrainian Poultry Export

Ukrainian producers will be able to export poultry to the European Union starting July 24, 2013. This is the date when the updated list of Ukrainian companies that are eligible to export produce to the EU will enter into force.

July 17, 2013

Ukrainian Programmer Comes Up With Skype and Viber Alternative

The global IT market has been marked with recent development of the new VoIP technology service - Droid Translator. The app has been developed by Ukrainian software engineer Oleksandr Konovalov, founder of TIW (Technology Improves the World) Innovations company. The newly developed product is similar to Skype and Viber, and yet, unlike them, it can automatically translate voice and text messages into 14 mostly used languages.

July 12, 2013

45 Bln Cubic Meters of Gas Production Is Realistic for Ukraine, ExxonMobil

According to the ExxonMobil’s estimation of Ukrainian offshore and continental gas reserves, the country may achieve annual gas production of 45 billion cubic meters by 2020, stated Kevin Biddle, the company’s European exploration director, in his interview with kommersant.ua. He explained interest of ExxonMobil in developing business in Ukraine by its oil, gas, shale gas, and coalbed methane reserves, as well as positive forecast for the extraction price.

July 11, 2013

Ukraine Implements European Regional Development Practices

Ukrainian officials and the Assembly of European Regions (AER) representatives agreed for the European experts to participate in forging the development strategies for Ukrainian regions, informed Oleksandr Vilkul, Vice Prime Minister of Ukraine. With nine regions of Ukraine being the Assembly members, the Eastern European country aims for the totality of its 27 regions to join the AER.

July 10, 2013

World Youth Athletics Championships Make Use of Donetsk Sports Infrastructure

The 8th IAAF World Youth Championships commenced today in the eastern Ukrainian city of Donetsk. Having hosted group matches of the UEFA EURO 2012 football championship, as well as quarter- and semi-final of the games, Donetsk is once again turning into a global sports capital as its regional sports complex Olimpiyskyi plays host to the second major IAAF competition of 2013.

July 9, 2013

Korea Attracted by Large Infrastructure Projects in Ukraine

Ukrainian investment potential has been highlighted by the South Korean Ambassador to Ukraine, Kim Eun-Joong, as reported by the Ministry of Economic Development and Trade of Ukraine. He noted that Korean investors were looking at the largest investment projects in the country’s infrastructure. According to the Ambassador, successful bilateral cooperation between Ukraine and South Korea develops in the areas of space and high technology.

July 8, 2013

Ukraine Increases Solar Power Capacity 50%

Installed capacity of solar power stations in Ukraine reached 494 MW as of July 1, 2013, reports Association of Alternative Fuel and Energy Market Participants of Ukraine (APEU). In January - June 2013, Ukrainian solar power capacity grew by 51.4 percent, according to the APEU.

July 5, 2013

Reverse Gas Supply May Stimulate Adequate Pricing of Russian Import - Ukraine’s Energy Minister

The total annual volume of gas that can be delivered through the reverse supplies from Europe to Ukraine can reach over 30 billion cubic meters.

July 3, 2013

Google Voice Search Launched in Ukrainian

While voice search used to be a fantasy in futuristic movies, the innovators at Google are now making it a reality. Already available in 35 different languages, Google Voice Search can be used in Ukrainian on OS Android 2.2 devices and higher.

June 28, 2013

Ukraine’s Shale Gas Revolution May Bring Country Closer to U.S. and EU – U.S. Expert

The development of shale gas deposits represents strategic milestone in Ukraine’s pursuit of energy independence boosting national security for Kyiv and Washington and driving Ukraine’s European integration.

June 27, 2013

Ukraine Heads for the Future With Renewable Energy

For more than several years now Ukraine has been keen about developing renewable sources of energy and improving regulations for the utility companies. These issues have been discussed during the recent meeting between the Ukrainian National Commission for conducting State regulations in the energy industry of Ukraine (NCSRE) and its American counterparts from the National Association of Regulatory Utility Commissioners (NARUC).

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