Ukraine

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13:38 PM Monday, November 20, 2017
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UBJ AM July 20, 2017
Belarus trade to double by 2020; Ukraine tourists to Turkey up 24 percent; No need for seals on gov’t documents
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

• Vice Prime Minister of Belarus Vladimir Semashko expects overall trade turnover with Ukraine to more than double, hitting almost $8 billion, by 2020, Ukrinform reports. Belarus President Alexander Lukashenko visits Kyiv today, Wednesday.

• Over 315,000 Ukrainians visited Turkey in the first half of 2017, according to Interfax, a 24.4% increase in travelers from last year. Antalya is the most popular destination.

• As Ukraine restarts talks with Ryanair, Antonov is preparing Kyiv’s Gostomel Airport for use by passengers. Currently, Gostomel is used only for cargo and Antonov test flights.

• Construction is to begin on a fifth metro line in Kyiv. Running east-west it will start at Darnitsa Station on the Red line, cross the Dnipro River, then connect with the Shevchenka Station on the blue line. This will reduce the passenger flow through the current connection at Maidan-Kreschatyk.

• Iraqi investors are negotiating a $15 million poultry production deal with suppliers in Kyiv Oblast, the Ukraine-Iraq Cooperation business forum reports.

• The Verkhovna Rada has passed a bill abolishing the need for official seals on government documents, including on those from the National Bank of Ukraine.

• Ukraine’s Cabinet of Ministers yesterday finalized this year’s financial plan for Naftogaz, which projects an 18% decrease in revenue, to nearly $1 billion, compared to 2016. Gross profit is expected to fall by 7.6%. Naftogaz was a huge money loser prior to reforms undertaken after the 2014 Revolution.

• President Petro Poroshenko believes Ukraine will further improve its ranking to 70 in the 2018 World Bank Doing Business rating, he said yesterday. In 2014, Ukraine ranked 153rd.

• The European Union plans to introduce anti-dumping duties of up to 33% on hot-rolled steel products from Ukraine and several other nations.

• The average price of agricultural products in Ukraine has increased by 10.2% since January 2017 compared to the same period in 2016. Average prices for plant growing commodities grew by 7.3%, and for livestock commodities by 26%.


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

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