Ukraine

Business

Journal

6:08 AM Monday, February 19, 2018
UBJ.am
UBJ AM July 14, 2017
World Bank raised Ukraine GDP forecasts for 2018, 2019; Progress on 4G cell service; China to build wind farm in Mykolaiv
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

• The World Bank has improved Ukraine’s GDP growth forecast for 2018 from 3% to 3.5%, and from 3% to 4% in 2019.

• European Commission President Jean-Claude Juncker blamed corruption for undermining efforts to instill EU norms in Ukraine yesterday, Reuters reports. President Petro Poroshenko vowed to pursue ever-closer integration with the bloc.

• Ukraine’s Communications Commission will oversee the implementation of 4G cellular data networks across the country this year, upgrading them from the current 3G tender.

• Ride-hailing giant Uber has formed a partnership with Russian competitor Yandex in Russia and several other eastern European countries, creating a new company. The deal will value the new company at $3.4 billion when approved. This will not include Ukraine, where Yandex was blocked in May.

• Russian state-owned Sberbank intends to close all of its Ukrainian offices - except for one in Kyiv – by the end of 2018. The bank has been unable to sell its branches.

• China’s TBEA International Ltd. may construct a wind power project with 500 MW capacity in Mykolaiv region, according to Ukraine’s Ministry of Energy and Coal Industry.

• Ukraine’s parliament adopted a pension reform bill in its first reading Thursday evening, passing with a vote of 282 in favor out of 450. A final reading will be held in September. Pension reform is one of the conditions that the IMF demands in exchange for a $2 billion loan.


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

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