Ukraine: army to get new armored vehicle

The Armed Forces of Ukraine may receive a new Novator armored car – it is considered as one of the possible options for this type of equipment to be put into service. “I’ve heard the report of those responsible regarding the testing process on the possibility of this vehicle’s further supply to the Ukrainian troops.…

Ukraine: Infrastructure Ministry signs memorandum with Hyperloop Transportation Technologies

The Infrastructure Ministry of Ukraine has signed a memorandum with Hyperloop Transportation Technologies, the largest company developing the Hyperloop high-speed transport systems, Infrastructure Minister Volodymyr Omelian said following the public discussion “Hyperloop in Ukraine” within the HypeUa project, with the participation of Hyperloop Transportation Technologies CEO Dirk Ahlborn. “We have signed a memorandum with the…

Ukraine: ATGMs no worse than Javelins

Valentyn Badrak, military expert and writer, the director of the Center for Army, Conversion and Disarmament Studies, says Ukrainian Skif and Korsar anti-tank guided missiles (ATGM) have recently proved to be no worse than the U.S. Javelin systems. “To date, there is a whole line of ATGMs, among which the most famous are Skif and…

Ukraine: sugar exports up in May 2018

In May Ukrainian producers delivered 54,000 tons of sugar to foreign markets, up by 29% YoY, the press service of the Ukrtsukor National Association of Sugar Producers of Ukraine reported. “In May the main importer of Ukrainian sugar was again Uzbekistan (72%). In addition, 11% of deliveries were made to the UK, 5% to Azerbaijan…

Ukraine: electricity exports up in January-May 2018

Ukraine boosted electricity exports by 25% YoY in January-May (in monetary terms), to $137.2 million.

Hungary accounted for 62.2% of the electricity sales abroad (estimated at $85.3 million), while the share of Poland was nearly 23.8% ($32.6 million) and that of Moldova 11.4% ($15.6 million), the Ukrainian State Fiscal Service said. (UNIAN/Business World Magazine)

Ukraine: foreign investors help to increase exports

The positive dynamics of Ukrainian exports growth is largely triggered by the attraction of foreign investment in the production located in Ukraine. “Attraction of investments in Ukrainian production is one of the factors in growing exports as the investors, apart from establishing production and putting money in modernization of enterprises, also attract their distribution networks,…

Ukraine: largest manufacturer of electric vehicles interested in cooperation

BYD Company, the world’s largest manufacturer of electric vehicles and lithium batteries, is considering the possibility of locating its production on the territory of Ukraine with further expansion into the European market. This was discussed during the meeting of Infrastructure Minister of Ukraine Volodymyr Omelyan with Isbrand Ho, Managing Director of BYD Europe, the press…

Ukraine: construction costs up in January-April 2018

Costs of construction and assembly services in Ukraine rose by 23.4% YoY in January-April. Over the period under review, costs of construction and assembly of civil engineering facilities, as well as commercial buildings and complex industrial facilities increased the most – by 28.1% and by 23.8%, respectively. The lowest increase was recorded in the construction…

Ukraine: Kiev and Tehran to boost ties in energy sector

Ukrainian parliamentary and state officials held separate meetings with Iran’s Ambassador in Kiev Mohammad Beheshti Monfared, expressing the eastern European country’s resolve for enhanced cooperation with Tehran in various fields, including energy. Vice Minister of Agrarian Policy and Food of Ukraine Viktor Sheremeta held talks with Beheshti Monfared in Kiev and called for closer ties…

Ukraine: China to increase imports of honey

Ukraine should increase export of its goods to China, in particular of soybeans and honey, Secretary-General of the China Overseas Development Association He Zhenwei said. “We have already decided in China that we will increase imports – not only from the US, but from other countries as well. I think it’s a good chance. Ukraine…