Ukraine: China interested in buying aircraft

China expressed interest in cooperation on the purchase of Ukrainian aircraft, the press service of the Ministry of Economic Development and Trade of Ukraine reported. “China is interested in cooperation on the purchase of airplanes and their joint production using materials and spare parts produced in China,” the report said. Ukraine’s Trade Representative Natalia Mykolska,…

Ukraine: Ukrenergo draws up feasibility study for construction of infrastructure for solar power plants in Chornobyl zone

The national energy company Ukrenergo has drawn up a feasibility study for construction of infrastructure to transmit electricity from solar power plants with a capacity of up to 1.2 gigawatts in the Chornobyl exclusion zone. Ukrenergo presented the document at a government meeting on December 1. “The project envisages construction of a new330/110 kV substation…

Ukraine: GDP growth to be 1.8% in 2017

The Economic Development and Trade Ministry expects that Ukraine’s GDP would grow by 1.8% at the end of 2017, First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said. “By the end of 2017 we expect growth of 1.8%,” he said at a conference organized by Fitch Ratings in Kyiv on…

Ukraine: trade turnover with Moldova up in 2017

Economic relations between Ukraine and Moldova have been developing dynamically. The trade turnover between the countries has increased by 30% this year, deputy chairman of the “Ukrainian Prism” foreign policy council Serhiy Herasymchuk announced during presentation of the research “Ukraine-Moldova: New Challenges and New Opportunities in Bilateral Relations”. “Ukraine is one of the main trade…

Ukraine to issue $2 billion in bonds in 2018

Ukraine hopes to receive the next payment of its $17.5 billion IMF program early next year and will aim to issue $2 billion on debt markets in 2018, finance minister Oleksandr Danyliuk declared. Oleksandr Danyliuk said that progress on the International Monetary Fund’s rescue plan depended on establishing a new anti-corruption court, as well as…

Ukraine: Cherkasy’s Azot resumes ammonia and carbamide production

Ukraine’s manufacturer of mineral fertilizers Cherkasy-based PJSC Azot, a part of the Ostchem holding owned by businessman Dmytro Firtash, has resumed the production of ammonia and carbamide after overhauls, according to Ostchem’s press service. “After major repairs, the company has resumed production of ammonia (workshop A-5) and carbamide (workshop M-2),” it wrote on Facebook. In…

Ukraine: potential to use alternative energy sources huge

Ukraine has a huge potential to attract alternative energy sources but still does not use it, Vice Prime Minister – Minister for Regional Development, Construction, Housing and Utilities Hennadiy Zubko stated at the ninth international business forum Renewable Energy and Energy Efficiency Industry Modernization in Kyiv on November 23. “Solar energy, wind power, energy production…

Ukraine: passenger water transportation up in January-October 2017

In January-Octoberwater transport of Ukraine carried 0.5 million passengers, up by 30.2% YoY.

According to State Statistics Committee of Ukraine, total passenger turnover in Ukraine climbed by 0.4%, to 3.851.6 million passengers. (PortNews/Business World Magazine)