Ukraine: NBU revokes license of Rodovid Bank

The National Bank of Ukraine (NBU) has decided to withdraw a license of PJSC Rodovid Bank nationalized in 2009 and then recognized insolvent under the Finance Ministry’s decision as of February 2016. This has been reported by the central bank’s press service. The NBU approved of a decision to revoke a banking license and liquidate…

Ukraine: GDP up in Q3 2017

The real gross domestic product of Ukraine grew by 2.1% YoY in the third quarter of 2017, according to the report published on the website of Ukraine’ State Statistics Service. Earlier, on November 14, the statistics agency released preliminary estimates claiming that GDP growth in Ukraine in the third quarter also amounted to 2.1% in…

Ukraine: state support to regions to grow in 2018

The state budget for the next year envisages UAH 6 billion from the State Regional Development Fund to implement important projects in the regions of Ukraine, and UAH 1.9 billion of subventions will be used for the development of the infrastructure in united territorial communities, Deputy Regional Development, Construction, Housing and Utilities Services Lev Partskhaladze…

Ukraine: Blue Air to launch Lviv-Brno flight

Romania’s Blue Air seeks to launch a flight between Lviv and Brno (the Czech Republic). Head of Lviv international airport Tetiana Romanovska gave the information at a press conference of Ukrainian Infrastructure Minister Volodymyr Omelyan to present financial results in Kyiv. She recalled that in November Wizz Air announced the launch of some flights from…

Ukraine: airlines increase passenger traffic in January-November 2017

Ukrainian airlines in January-November increased passenger traffic by 29.6% compared to the corresponding period of 2016, to 9.826 million people. According to the data from the State Aviation Service of Ukraine, during the reporting period Ukrainian airlines increased international passenger traffic by 30.8%, to 8.967 million people. Passenger traffic through the airports of Ukraine rose…

Ukraine: talks with Ryanair coming to an end

Infrastructure Minister Volodymyr Omelyan says that ongoing negotiations with the Irish low-cost airline Ryanair are coming to an end, as a new agreement with Boryspil Internarial Airport has been reached. “I believe that Ryanair will enter the Ukrainian market, our negotiations are coming to an end. We have managed to find a consensus with Boryspil…

Ukraine: Interchem launches new complex for API production

Interchem pharmaceutical company (Odessa) has launched a new laboratory and production complex for production of active pharmaceutical ingredients (API) in Odessa. Interchem CEO Anatoliy Reder said during the celebrations dedicated to the company’s 25th anniversary, the launch of the new API production complex was the final stage of the investment program worth EUR50 million, being…

Ukraine: vehicle production up in January-November 2017

In January-November the output of motor vehicles in Ukraine amounted to 7,654 units, up by 67% YoY, the Ukrainian Motor Vehicle Manufacturers Association (UkrAutoProm) reported. “A total of 7,654 motor vehicles were produced in Ukraine in January-November. In particular: the output of cars totaled 6,544 units (+72.2%), commercial vehicles – 423 units (-22.7%), buses –…

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…