Ukraine

Business

Journal

6:18 AM Saturday, November 18, 2017
Free Articles
UBJ AM July 12, 2017
EU rejects tiny number of Ukrainians in first month of visa free; biometric passports for all Ukraine visitors, including Russians; Ukraine racks up record honey exports
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

• Contrary to popular worries, EU countries denied entry to 50 people – or less than .001 percent -- of the 95,461 Ukrainians holding biometric passports who sought to enter the EU without visas over the last month. In another surprise, visa free travelers only accounted for 5 percent of the 1,875,647 Ukrainians who entered the EU from June 11 to July 11. Of this total, 23 percent, or 434,074, carried biometric passports with visas.

• President Poroshenko announced biometric passport controls for all foreigners entering and leaving Ukraine, including Russians. He said collecting biometrics, including fingerprints and a digital photograph, will help fight terrorism.

• NATO has begun the process of supplying Ukraine with equipment that will allow officials to investigate cyber attacks and guard against them in the future, Ukrinform reports.

• Flights between Kyiv’s Zhuliany Airport and Tel Aviv have started. Discount carrier Yanair now flies this route three days per week.

• Uber, the global ride-sharing app has raised tariffs on rides in Kyiv to attract more drivers. The minimum cost of a trip, 25 UAH, is the same, according to EspresoTV.

• A new high speed train is to run daily between Kyiv and Zaporizhia, in southeastern Ukraine. The train will run until the end of the summer.

• Ukraine exported a record breaking 29,600 tons of honey in the first half of 2017, twice the amount exported in 2016. The US is the top importer of Ukrainian honey.

• State-owned UkrGasVydobuvannya, Ukraine’s largest gas producer, has announced a tender to carry out 40 more hydraulic fracturing projects. The projects are worth roughly $7.5 million.

• Ukrnafta will be forced out of the gas market by 2019 if the company keeps losing drilling licenses at the current rate without any renewals. Currently, Ukraine’s Geological Service is refusing to renew the licenses until Ukrnafta’s debts are liquidated.

• Cyprus-based oil company PJSC Ukrnaftoburinnia, which is co-owned by oligarch Ihor Kolomoisky and Ukrainian politician Vitaliy Khomutynnyk, increased gas production by 64.6% compared to the same period in 2016.


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

We recommend
​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
​Q3 GDP growth slows to 2.1%; World Bank President...
James Brooke Nov 15, 2017
--> --> -->