Ukraine

Business

Journal

13:32 PM Monday, November 20, 2017
Free Articles
UBJ AM Aug. 2, 2017
Transit of Russian gas hits 6-year high; French company Nexans opens its third and largest car part plant in Lviv; Ukraine sold 108 armored recon cars to UAE last year
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

• Despite poor political relations, transit of Russian gas through Ukraine’s pipelines has hit a six year high, up 22.8%, compared to the first seven months of last year, according to a report by Ukrtransgaz.

• New car sales were up 16% in July, compared to July, 2016. Last month, 6,425 new cars were sold in Ukraine. Toyota was the most popular brand.

• Nearly 63% of Poles agree that Ukrainians are good for the economy, a 2016 survey by CBOS reveals. In the background, the Economist reports that Poland’s Union of Entrepreneurs and Employers, or ZPP, says 5 million more workers are needed to sustain growth through 2050.

• T.B. Fruit, one of Ukraine’s biggest juice producers, plans to build two plants in Poland at 50 million euros.

• Finance Minister Oleksandr Danylyuk denies accusations of tax evasion. Prosecutors investigated the lawmaker’s finances at the request of his former Rada colleague, Tetiana Chornovol, Reuters reports.

• The Canada-Ukraine Free Trade Agreement, which took effect yesterday, will allow Ukraine to increase its exports to Canada 10 times within five years. The pact will create 3,000 new jobs for Ukrainians, estimates Ukraine’s Economic Development and Trade Ministry.

• Elektrokontakt Ukraine, a manufacturer of electrical systems for cars, will open a new plant in Brody in the Lviv region of Ukraine on August 30, according to Interfax. Covering 20,000 square meters, the plant with the third and the largest in Ukraine for Nexans S.A., which started manufacturing in Lviv a decade ago.

• Ukraine’s state export control service reports that 108 Ukrainian-manufactured BRDM-2 armored reconnaissance vehicles were sold to various customers in the United Arab Emirates last year.


For comments or story tips, please email UBJ AM News Reporter Mark Satter at marksatter@theubj.com

We recommend
China to start Kyiv’s fourth subway line in 2019;...
James Brooke Nov 19, 2017
​OPIC mulls financing $500 million, 500 MW wind fa...
James Brooke Nov 17, 2017
​Trade deficit in goods doubles; Exports of servic...
James Brooke Nov 15, 2017
--> --> -->