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UBJ AM July 27, 2017
Mark Satter
GDP up 2.5% in H1; Ukraine-Israel working on free trade pact, aiming for document by end of this year; State gas producer looking for investors to revive 1,900 closed wells
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

• Despite dislocations from the abrupt cutoff of trade with the occupied territories, Ukraine’s GDP grew by 2.5% during the first half of this year, according to the Ministry of Economic Development and Trade.

• Delegations from Ukraine and Israel are holding the sixth round of negotiations on the conclusion of the Free Trade Agreement (FTA) between the two countries in Kyiv today, according to Interfax. Negotiators hope to solve final hurdles, largely in agriculture, and have a final document ready for signing by end of the year.

• Ukrainian power plants imported 1.35 million tons of coal during the first half of this year, according to the Energy and Coal Industry Ministry. Of the total, 313,000 tons, or 23 percent came from Russia in June alone. Despite the spring cutoff of coal imports from mines in Ukraine’s occupied territories, coal stocks at power plants on July 1 were 63.4% more than one year ago

• Ukrenergo has suspended electricity supplies to uncontrolled areas of the Donetsk region, according to Vsevolod Kovalchuk, director of the power company. The electrical needs of the area, occupied by Russian forces and separatists, are be met from the Starobeshivska and Zuyivska thermal power plants, both in Donbas locations no longer under Kyiv’s control.

• Ukrgazvydobuvannia has announced a tender via ProZorro for resuming gas and oil production from over 1,900 closed wells.

• In a win for Ukraine, a London court has suspended judgment in a $3 billion Eurobond case brought by Russia until Kyiv’s appeal against the verdict is concluded, according to Reuters.

• Ukraine’s Cybercrime Division is preparing for new cyber attacks as well as aftershocks from last month’s attacks, BBC reports.

• Ukrainian International Airlines (UIA) has filed motions in Ukrainian court to annul the contract of Ryanair with the Lviv airport, to ban the Infrastructure Ministry from helping Ryanair in Ukraine, and to demand damages over the discount airlines entry into Ukraine which UIA alleges cost them millions of dollars, Infrastructure Minister Volodymyr Omelyan wrote on Facebook.

• Motor Sich, the airplane engine manufacturer, saw a 78.3% rise in consolidated net profit during the first half of this year, according to the National Commission for Securities and the Stock Market.

For comments or story tips, please email UBJ AM News Reporter Mark Satter at

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