Ukraine

Business

Journal

1:30 AM Saturday, September 23, 2017
Free Articles
UBJ AM July 17, 2017
Mark Satter
Gov’t wants to restart Ryanair talks; EBRD considers $183 loan for Kharkiv metro; Ukraine wants free trade with UK by Brexit time
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

• Low-cost airline Ryanair is ready to resume talks with Ukraine, according to Infrastructure Minister Volodymyr Omelyan. Last week, the carrier ending three months of talks with Boryspil ‘s new management, accusing the director of protecting tine interests of the airport’s dominant carrier, Ukraine International Airlines.

• The European Bank for Reconstruction and Development will consider a $183 million loan to expand the Green line of Kharkiv’s subway system on Sept. 20. The newest of Kharkiv’s three lines, this north-south line travels under three rivers and connects with the Blue and Red lines. Carrying 140,000 passengers a day, the Green line is being extended southeast to eventually reach Kharkiv International Airport.

• State-owned Kharkiv Aircraft Plant has received an initial $15 million payment from Kazakhstan to build an An-74 cargo aircraft.

• The National Bank of Ukraine has lowered Ukraine’s estimated GDP growth for the second half of 2017 from 2.4% to 1.5%, compared to the same period in 2016. The bank blamed the conflict in the east, notably Kyiv’s blockade of coal shipments and the secessionists’ seizures of industrial companies.

• President Petro Poroshenko’s press has reported that, despite the military aggression from Russia, Ukraine has opened 60 new factories over the past three years.

• Ukraine’s 2017 grain harvest has officially starred, with 6.5 million tons of grain threshed since July 14, Reuters reports. The full harvest is to amount to about 60 million tons of grain.

• Novy bank has been declared insolvent by the National Bank of Ukraine. Novy shareholders have halted all bank operations.

• Ukraine would like to sign a free trade agreement with the United Kingdom before Brexit starts, Natalia Halibarenko, ambassador to the UK, told Ukrinform.

• The United States Congress has allocated $410 million in financial aid to Ukraine in 2018, maintaining the amount sent last year. The aid is to be used largely for defense.

• Medical reform in Ukraine has failed so far due to a lack of political will, Acting Minister Health Minister Ulana Suprun told reporters Saturday. Suprun accused the head of the parliamentary health committee of neglecting her duties by not attending meetings concerning reform bills.


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

All Comments (0)
No Comments
We recommend
​Poroshenko meets Trump, claims US support for eco...
James Brooke Sep 22, 2017
​Radisson, Marriott and Accor to open new hotels i...
James Brooke Sep 21, 2017
​Ukraine plans to place $3 billion in Eurobonds in...
James Brooke Sep 20, 2017
--> --> -->