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13:30 PM Monday, November 20, 2017
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UBJ AM July 18, 2017
Ryanair to Antonov’s Gostomel Airport? New EU trade qyotas to boost Ukraine Ag exports; With imports growing, 2017 trade deficit is growing
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

• Prime Minister Volodymyr Groysman is proposing Antonov’s underused Gostomel Airport as a home airport for Ryanair and other low-cost airlines. Gostomel, built as a test air strip for Antonov, now handles air cargo planes. It has one 3.5 km long concrete strip and a small passport control facility. It is located in Kyiv Oblast, 35 km northwest of central Kyiv. Boryspil, also in the Oblast, is the same distance, to the east of Kyiv. Depending on traffic, each is about a 45 minute drive to central Kyiv.

• With summer travel booming, Ukrzalyznыtsya, Ukraine’s state-owned railroad, plans to launch high speed trains to Odesa from Dnipro and Lviv.

• Trade preferences recently approved by the European Union may bring a $160 million annual increase in revenue from food exports, according to the Agrarian Policy Ministry.

• Food exports to Canada jumped fivefold between January and April 2017, to $3.8 million compared to the same period in 2016, Ukrinform reports.

• Ukraine’s trade deficit hit to $2.1 billion in the first half of this year, according to preliminary customs figure. “In 2H17, the pattern of fast expansion of imports amid slowing export growth is unlikely to change,” writes Concorde Capital.

• Ukraine’s Chamber of Commerce and Industry plans to create a consulting center for current and future business victims of cyber attacks. Consulting services will be provided free of charge.

• Naftogaz has partnered with the European Union, represented by French operator Storengy and l law firm CMS Cameron McKenna Nabarro Olswang, to do a comprehensive study of Ukrainian underground gas storage facilities.

• The National Bank of Ukraine has projected a $2 billion increase in gross international reserves from to $20 billion by the end of 2017. The forecast increase is the result of a pending IMF loan.


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

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