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13:45 PM Monday, November 20, 2017
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UBJ AM Aug. 4, 2017
Trade with EU jumps 31 percent; Railroad to buy GE locomotives and record number of freight cars; China prepares to increase sunflower and sugar beet imports from Ukraine
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

• Trade between Ukraine and the EU during the first half of 2017 hit $3.8 billion, up 31.4% compared to the same period last year.

• Ukrainian state railroad Ukrzaliznytsya has signed a contract with General Electric for the production of new diesel-powered locomotives, to begin in 2017.

• Ukrzaliznytsia is to announce a tender for the purchase of 1,000 new grain-carrying cars, in addition to 2,465 cars already ordered, rail company board chairman Wojciech Balczun posted on his Facebook page. After last year’s grain transport bottlenecks, the railroad says it is acquiring a record number of freight cars.

• Ukrzaliznytsia has attracted $131 million in investment in the first half of 2017, a 180% increase compared to the same period last year, according to a statement by board chairman Wojciech Balczun.

• Ukraine is challenging in court Russia’s decision to restrict travel through the Kerch channel, which connects the Black Sea and the Sea of Azov. Ukraine’s Infrastructure Ministry says it will restrict ship traffic to two Ukrainian cities, Mariupol and Berdyansk.

• China has announced plans to increase the volume of food imports from Ukraine, according to Ukrinform. In particular, work is starting to ensure that Ukrainian sunflower meal and sugar beet concentrate meet Chinese sanitary standards, according to Ukraine’s State Service for Food Safety and Consumer Protection

• Russia’s Gazprom has redirected some of its gas transit via the OPAL pipeline, reducing the amount of Russian gas that passes through Ukraine.

• Many international companies still feel effects of the NotPetya cyber attack that crippled Ukraine and then went global in June, Reuters reports. Five multinational firms report material financial damage at the end of the second quarter of this year.

Ukraine’s National Circus and six regional circuses are among 890 state-owned companies up for privatization through 2020, reports Ukraine’s Ministry of Economic Development and Trade.

• Polish discount airline LOT launched a direct flight Thursday from Lviv to the Polish city of Bydgoszcz. With a population of 500,000, Bydgoszcz, in northern Poland, is Poland’s 8th largest city. The flight takes 1 hour and 20 minutes.


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

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