Ukraine: infrastructure minister announces increase in flights on domestic air routes

Ukrainian Infrastructure Minister Volodymyr Omelyan announced that the number of flights on domestic air routes increased. “Finally, we see an increase in flights not only on international but on domestic air routes also. Starting from today, SkyUp Airlines launches cheap regular flights Kyiv-Odesa and Kharkiv-Odesa. And starting from tomorrow, the Motor-Sich airline launches Kyiv-Uzhgorod flights…

Ukraine: only reforms to accelerate economic growth

The economic potential of Ukraine allows achieving much better indicators of economic growth, but this potential is still constrained by insufficient reforms. Ivan Miklos, the former finance minister of Slovakia, co-chair of the Group of Strategic Advisors for Support of Reforms in Ukraine, made a relevant statement during the workshop on the economic development of…

Ukraine: poultry exports up in January-April 2019

The Ukrainian Food Export Board (UFEB) said farmers in January-Apri boosted poultry meat exports by 40% YoY, to 135,800 tons worth $199.2 million. Major buyers of Ukrainian poultry meat were Saudi Arabia (shipments worth $54.7 million) with a 27.4% share in the total export structure, the Netherlands ($33.1 million, 16.6%), and Slovakia ($20 million, 10%).…

Ukraine: Skywell to start producing electric buses

The Chinese company Skywell will launch the production of electric buses in Ukraine, the company’s press service reports on Facebook. “Today we have met honored guests from China – specialists in the development of electric bus technologies. We discussed the possibility and technologies of organizing SKD assembly of the electric buses Skywell in Ukraine. So…

Ukraine: capital investments up in Q1 2019

The growth of capital investments in Ukraine made up 21.7% in the first quarter of 2019, according to data provided by the State Statistics Service of Ukraine. In particular, Ukraine received UAH 108.3 billion in capital investments in January-March, up by 21.7% YoY. The largest investments in the first quarter were made in the country’s…

Ukraine: construction industry up in January-April 2019

In January-April, Ukrainian enterprises completed construction works worth UAH 38.566 billion, and the index of construction in relation to the relevant period in 2018 amounted to 28.1%, Deputy Minister of Regional Development, Construction, Housing and Utilities Lev Partskhaladze wrote on his Facebook page. “In 2019, construction volumes continue growing. In the first four months of…

Ukraine: industrial output up in April 2019

Industrial output in Ukraine in April accelerated to 5.2% from 2.1% in March. With calendar adjustment, industrial production growth in Ukraine in April accelerated to 4.4% YoY against 2.7% in March, the State Statistics Service of Ukraine has said. Industrial production in April compared to March decreased by 1.8% without calendar adjustment, but saw a…

Ukraine: retail trade up in January-April 2019

Retail trade in Ukraine grew by 7.9% YoY in comparable prices in January-April 2019, to UAH 319.887 billion ($12.3 billion). Retail turnover increased the most in Vinnytsia region (by 13.2%, to UAH 5.167 billion or $197.9 million), Kyiv region (by 12.1% to UAH 17.798 billion or $681.7 million), Ivano-Frankivsk region (by 12% to $4.551 or…

Ukraine: Deposit Guarantee Fund completes payments to depositors of Standard Bank

The Deposit Guarantee Fund has completed payments to the depositors of PJSC Commercial Bank Standard, according to the Fund’s press service. “On May 15, the authorized person of the Deposit Guarantee Fund for the liquidation of PJSC Commercial Bank Standard submitted documents to the state registrar of legal entities, individual entrepreneurs and public organizations to…