Ukraine: passenger traffic volume down in Q1 2018

The number of passengers served by Ukrainian transport companies in January-March decreased by 2.6% YoY, according to the data released by the State Statistics Service of Ukraine. “In January-March 1,120.9 million passengers used transportation services in Ukraine, or 97.4% of the volume in the same period in 2017 (excluding the temporarily occupied territories in the…

Ukraine: FUIB takes second place in the nomination “Support of SMEs” in the Financial Oscar-2017 rating

First Ukrainian International Bank (FUIB) took leading positions in the Financial Oscar rating by the magazine “Business” according to the results of 2017. Thus, FUIB turned out to be one of the leaders in the nomination “Support of SMEs”, ranking second in the rating. It entered TOP-3 in the “Agrarian Bank” category, receiving the second…

Ukraine: 40% of economy in shadow

Ukrainian Social Policy Minister Andriy Reva says 40% of Ukraine’s economy remains in the shadow, therefore the developed countries’ standards of solving economic problems cannot be effective in Ukraine, while de-shadowing will bring more money to the wage fund than the actual economic growth. “This was proved by the government in 2017. The entire wage…

Ukraine: local budgets up in two years

Incomes of local budgets have grown almost 4-foldover the past two years, Prime Minister of Ukraine Volodymyr Groysman said during a meeting with representatives of regional media. “When we started to work, the local budgets amounted to UAH 64 billion and did not have own revenues. Now they amount to UAH 231 billion, which is…

Poland: trade turnover with Ukraine up in 2017

Relations between Ukraine and Poland are developing successfully, in particular, in the economic sector, Ambassador Extraordinary and Plenipotentiary of the Republic of Poland to Ukraine Jan Pieklo said. “In most sectors the relations between Ukraine and Poland are good and very good, particularly with regard to cooperation in the economy. In recent years, the parties…

Ukraine: Croatia to assist in energy security

Ukraine maintains its interest in the Baltic, Adriatic, Black Sea Initiative put forward by the Croatian president and believes that joining it meets its objectives, Ukrainian Deputy Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsintsadze has said. She stated this at a meeting with Croatian Prime Minister Andrej Plenkovic in Zagreb. “Ukraine is one…

Ukraine: $400 million in military products exported to India in three years

CEO of Ukraine’s state-run military-industrial concern Ukroboronprom Pavlo Bukin says Ukrainian enterprises of the military-industrial complex in the past three years exported military products to India to the tune of about $400 million. Mykolaiv-based Zorya-Mashproekt alone sold gas turbines worth $200 million to the Indian Navy for its warships, the concern’s press service said. “In…

Ukraine: trade growth rate with Germany good

Ukraine and Germany are pleased with the growth rate of trade between the two countries, President Petro Poroshenko said during a joint briefing with German Chancellor Angela Merkel in Berlin. “Chancellor Merkel and I are pleased with the growth rate of bilateral trade. It has grown by more than 20%. Germany remains one of the…

Ukraine: WB predicts inflation in 2018

The World Bank predicts that inflation in Ukraine in 2018 may reach 10%, as inflation risks remain quite significant, World Bank Economist for Ukraine Anastasia Golovach said at a press conference. “Inflation reached almost 14% in 2017. Inflation risks remain significant, and we expect inflation to reach 10% in 2018,” Golovach said. According to her,…

Ukraine: reforms to significantly improve investment climate

Ukraine is resolutely carrying out reforms so that to significantly improve the investment climate, President Petro Poroshenko stated in an interview with the German business newspaper Handelsblatt, the president’s press service reports. “We are resolutely implementing reforms to improve the investment climate significantly. The evaluation of the World Bank can be more trustworthy than the…

Ukraine: Nibulon completes yet another stage of the Southern Buh dredging

On April 4 Nibulon completed another stage of dredging operations on the Southern Buh River. Despite the adverse weather conditions, low temperature, and wind, the dredging operations have been performed according to schedule. According to the company, the dredging has been finished before spawning, as promised. The operations have been performed by Mykolaivets self-propelled dredger.…

Ukraine: Kyiv gets new low-floor trams

The Kyivpastrans municipal enterprise has received a batch of new low-floor trams with a high degree of passenger comfort, the enterprise has reported on its Facebook page. “Kyivpastrans once again received a batch of new Electron T5B64 low-floor trams with a high degree of comfort, a reduced level of vibration and noise, an air conditioning…