Ukraine: number of electric cars growing

Over 7,000 electric vehicles have been registered in Ukraine and their number grows annually, the Ministry of Ecology and Natural Resources posted on Twitter. “The number of registered electric vehicles in Ukraine grows every year. In general, there are 7,439 electric vehicles in the country,” reads the report. The Ministry of Ecology reminded that the…

Ukraine: state debt down in May 2018

In May the overall government-guaranteed state debt of Ukraine decreased by $0.79 billion, to $76.26 billion, the Finance Ministry’s press service reports. According the ministry, the state debt in hryvnia equivalent over the reporting month declined by UAH 27.97 billion, to UAH 1.993 trillion. Earlier the National Bank reported it expected the state debt reduction…

Ukraine: energy efficiency at 9% to be reached by 2020

Ukraine is expected to reach energy efficiency at the level of 9% by 2020, compared with the situation in 2005-2009, by implementing the European energy efficiency directives. “Today all the international partners help Ukraine move towards energy efficiency. However, this path is impossible without the implementation of key European energy efficiency directives and a roadmap,…

Ukraine: 1 million people to receive raised pensions

About one million Ukrainians will receive raised pension payments from July 1, 2018, according to Deputy Prime Minister Pavlo Rozenko “From July 1 the minimum subsistence level will be raised for persons who have lost the ability to work. Pension payments will be increased for approximately one million Ukrainians,” Rozenko said, explaining that payments would…

Ukraine: local budget revenues up in January-May 2018

In January-May Ukraine’s local budget revenues increased to UAH 89.7 billion, up by 24.1% YoY, Vice Prime Minister – Minister for Regional Development, Construction, Housing and Utilities Hennadiy Zubko posted on his Facebook page. “In January-May local budget revenues increased to UAH 89.7 billion. The growth in revenues against the corresponding period last year amounted…

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,…